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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.

 

Thinking of Buying a Home?

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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$389,000 Active Under Contract

28616 Sunridge Court
Menifee, CA 92584

3 beds, 2 baths | Single Family Home
2,329 sq ft; lot: 8712 sq ft - MLS# SW18236754
Property Photo
1/28

Description

SAVE $$, More inclusions than new homes: washer, dryer, refrigerator, blinds, landscaping, SPA, flooring & patio cover!! Beautiful single story home lovingly cared for & Move in ready, this single story home is on a sought after corner lot at the beginning of a cul-de-sac. Three large bedrooms and an office/possible 4th bedroom which is Freshly painted. The front and back yards are like an oasis, green, landscaped & private including a SPA! Inside you will find crown molding throughout, 18 inch tile floors in kitchen, baths & halls, wood laminate in the living room & Berber carpet in the bedrooms. Granite counters in kitchen with a large center island making it perfect for entertaining! loads of cupboards and a walk in pantry give you plenty of storage space new garbage disposal. The built in desk in the kitchen alcove is perfect for homework or business. Ceiling fans in four rooms help keep it cool. The master suite is HUGE with a large bathroom on-suite and a huge closet with additional added shelves. Slider from master suite leads to the backyard SPA which is INCLUDED!! The garage has an epoxy painted floor and attached wall shelves for more storage. Separate laundry room with storage cupboards, sink & front loading washer & dryer which are INCLUDED!! NO HOA. HOME WARRANTY INCLUDED! Be part of fast growing Menifee! Close to schools, shopping, hospitals, freeway & Wheatfield park, this home is an excellent location for all Menifee has to offer!!

Features

  • # of Parking Spaces: 3.00
  • Appliances: Built In Range, Dishwasher, Garbage Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Micr
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Bathroom Features: Bathtub, Shower, Shower in Tub, Closet in bathroom, Double Sinks In Master Bath, Exhaust fan(s), Wal
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: I-215 exit Scott Rd. Left on Antelope, Rt. on Garbani, left on Palomar, Rt on Autumn lane, Rt on
  • Door Features: Panel Doors
  • Eating Area: Area
  • Electric: 220V for Spa
  • Entry Location: 1
  • Exterior Features: Awning, Lighting, Rain Gutters
  • Fence YN: Yes
  • Fencing: Block, Good Condition, Privacy, Wood
  • Fireplace: Living Room, Yes
  • Flooring: Carpet, Laminate, Tile
  • Foundation Details: Slab
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central Furnace, Fireplace
  • Heating YN: Yes
  • High School: Palval
  • Inclusions: SPA, Refrigerater, washer, dryer. Fire-pit & potting shelf in backyard. ALL in working condition.
  • Interior Features: Ceiling Fan, Crown Moldings, Granite Counters, Open Floor Plan, Pantry, Recessed Lighting, Storage S
  • Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open to Family Room, Walk-In Pantry
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01371471
  • Listing Office License: 01884123
  • Listing Status: Active Under Contract
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System, Sprinklers Drip System
  • Lot Size: 0.2000
  • Lot Size Area: 8712.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: Active Under Contract
  • MLS: CRM
  • Number Remotes: 2
  • Parking Features: Driveway - Concrete, Garage, Garage Door Opener, Off Street, RV Potential
  • Parking Spaces: 3.00
  • Parking YN: Yes
  • Patio And Porch Features: Concrete, Covered
  • Patio YN: Yes
  • Property Condition: Additions/Alterations
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Roof: Spanish Tile
  • Room Type: Great Room, Kitchen, Laundry, Living Room, Master Suite, Walk-In Closet, Walk-In Pantry
  • School District: Menifee Union
  • Security Features: Carbon Monoxide Detector(s), Security System
  • Sewer: Public Sewer
  • Spa Features: Private, Above Ground, Heated
  • Spa YN: Yes
  • Sq.Ft.: 2329
  • Stories: One
  • Stories Total: 1
  • Style: Spanish
  • Sub Type: Single Family Residence
  • Uncovered Spaces: 1.00
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Blinds, Double Pane Windows, Drapes/Curtains, Screens
  • Year Built: 2005
  • Zip Code: 92584
  • Zoning: R-1
  • View: Mountain,Neighborhood, Yes

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