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The President/CEO and team of professionals at Diamond Real Estate Group have collectively sold thousands of homes. 

Years of experience, training and continuing education keeps our team on top of the market and up-to-date on local and national real estate trends.  Dedicated, award-winning agents at your service!

Diamond Real Estate Group, Inc.

951.672-6711

www.dreginc.com

The Southern California housing market, known for its dramatic swings, is settling into a more normal, healthy pattern.

Home sales are up. All-cash and investor purchases are down. And home prices are rising at a more sustainable pace than in the last few years.

Economists said those factors put the regional housing market on a path for growth that won't wash away in a tsunami of foreclosures and ruined credit scores.

“The healing continues,” said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate

Notably, it appears more families are entering the market as the economy improves. Although still elevated in comparison to long-term averages, the share of absentee buyers — mostly investors — slid to 21.1%, the lowest percentage since April 2010, CoreLogic said.

“This is the real recovery,” Christopher Thornberg, founding partner of Beacon Economics, said of a market where increasingly buyers actually want to live in the houses they purchase. “The last was the investor recovery.”

Sustained job growth has given more people the confidence to buy houses, CoreLogic analyst Andrew LePage said.

The housing market improvement extends nationally, with sales of previously owned homes up in May to the highest pace in nearly six years, partly because more first-time buyers entered the market, according to data from the National Assn. of Realtors.

One factor driving deals is an expected decision from the Federal Reserve to raise its short-term interest rate later this year, real estate agents say.

In response, families rushed to lock in historically low rates this spring, agents say. CoreLogic's sales figures represent closed deals, meaning most went into escrow during May.

For now, deals are on the rise and people are paying more.

Sales and prices climbed in all six Southland counties: Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura.

The sales increase, the largest in nearly three years, put the number of sales just 9.6% below average, CoreLogic said. A year ago, sales were nearly 24% below average.

Make no mistake.  The time is now.

 

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951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$459,000 For Sale

29355 Aquifer Lane
Menifee, CA 92585

4 beds, 3 baths | Single Family Home
3,020 sq ft; lot: 8276 sq ft - MLS# SW18242840
Property Photo
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Description

*** New Listing *** Located in Beautiful Heritage Lakes Community *** Great Family neighborhood with Lake and walking paths through out *** Upscale Swimming Pool and Splash pad *** Community Schools & Parks *** Home has nice Curb Appeal and Front Porch *** Three Car Garage and large Driveway *** Nice Large Open Floor Plan *** Upgraded Kitchen with White cabinets and Granite, Stainless Steel Appliances includes Center Island/ Breakfast counter *** Upgraded Laminate Flooring and Carpet *** Cozy light Brick Fireplace in Family Room *** One Main Floor Bedroom is good size Master and two addition large bedrooms upstairs. This Home is located on a large Pool size lot with Covered Patio and landscaping that is easy to maintain. Great Home to Entertain all your Friends & Family. Seller will consider including Pool Table with accepted offer. Don't wait call today!

Features

  • # of Parking Spaces: 3.00
  • Appliances: Dishwasher, Double Oven, Garbage Disposal, Gas Stove, Microwave
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Amenities: Pool, Outdoor Cooking Area, Picnic Area, Playground
  • Association Fee: 80.00
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Bathroom Features: Bathtub, Shower, Shower in Tub, Double sinks in bath(s), Double Sinks In Master Bath
  • Baths: 3
  • Bedrooms: 4
  • Builder Name: Heritage Lakes
  • Community Features: Curbs, Gutters, Sidewalks, Street Lighting
  • Construction Materials: Stucco
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Exit 215 Freeway at Newport Rd. go East to Menifee Rd. turn left onto Simpson and north onto Heritag
  • Eating Area: Dining Room, In Kitchen
  • Elementary School: Mesvie
  • Fireplace: Family Room, Yes
  • Full Baths: 3
  • Garage: 3-Car
  • Heating: Central Furnace
  • Heating YN: Yes
  • High School: Herita
  • Interior Features: Ceiling Fan, High Ceilings (9 Feet+), Open Floor Plan, Pantry, Wired for Sound
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01244198
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Back Yard, Front Yard, Level with Street
  • Lot Size: 0.1900
  • Lot Size Area: 8276.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Major Change Type: Price Change
  • Middle School: Belmou
  • MLS: CRM
  • Parking Features: Driveway - Concrete, Garage Door Opener
  • Parking Spaces: 3.00
  • Parking YN: Yes
  • Patio And Porch Features: Covered, Patio
  • Patio YN: Yes
  • Pool: Association,Community Pool,In Ground
  • Pool or Spa: Association,Community Pool,In Ground
  • Property Condition: Turnkey
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Roof: Concrete
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Loft, Walk-In Closet
  • School District: Menifee Union
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: Public Sewer
  • Sq.Ft.: 3020
  • Stories: Two
  • Stories Total: 2
  • Sub Type: Single Family Residence
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Blinds
  • Year Built: 2007
  • Year Built Source: Assessor
  • Zip Code: 92585
  • Zoning: SP ZONE
  • View: Hills, Yes
  • Waterfront: Lake

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