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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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It's Simple...It's Easy...Simply Pick Up the Phone Today!

Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$364,499 For Sale

28200 Palm Villa Drive
Menifee, CA 92584

2 beds, 1 full, 1 partial baths | Single Family Home
1,520 sq ft; lot: 4792 sq ft - MLS# SW18245422
Property Photo
1/38

Description

Location, Location. Awesome golf course, lake and mountain views from lovely back yard. This lovely senior home has many upgrades and additions. Large country kitchen with breakfast nook, ceiling fan, newer dishwasher & microwave, custom tile counter tops, bead board wainscoting and tile floors Dual paned vinyl windows throughout. Formal living room with custom tiled fireplace and mantle, Plantation shutters and french door leading to patio, beautiful manufactured hardwood floors. Formal dining room with custom builtin buffet with marble top, wainscoting and tiled floors. Den features plantation shutters, wainscoting, ceiling fan and tile floors Beautiful front door with leaded glass insert. Guest bathroom features tile floor, custom granite counter top vanity high rise toilet and tub with glass enclosed shower, solar tube lighting. Guest bedroom features wainscoting, plantation shutters, ceiling fan, new paint and manufactured hardwood floor. Laundry room features, solar tube lighting, storage cabinets and tile floor. Master bedroom features walk in closet, ceiling fan, solar tube light, new paint, wide baseboards and manufactured hardwood floor. Master bath has duel vanities, tile floor, large shower and high rise toilet and new paint. Addition to master bedroom features 10x10 office with wainscoting, new paint. hardwood floor and ceiling fan. Garage has pull down stair to attic, work bench,lots of storage

Features

  • # of Parking Spaces: 2.00
  • 3/4 Baths: 1
  • Accessibility: Grab Bars In Bathroom(s)
  • Appliances: Dishwasher, Electric Range, Energy Star Water Heater, Free Standing Range, Garbage Disposal, Gas Wat
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Amenities: Pool, Spa, Barbecue, Outdoor Cooking Area, Club House, Card Room, Banquet Facilities, Pets Not Permi
  • Association Fee: 66.00
  • Association Fee 2 Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Fee2: 66.00
  • Association YN: Yes
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower, Shower in Tub, Double Sinks In Master Bath, Exhaust fan(s), Lin
  • Baths: 2
  • Bedrooms: 2
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains
  • Cooling: Central, Gas
  • Cooling YN: Yes
  • Country: US
  • Directions: Antelope Rd north of Newport Rd. Rt on Palm Villa Drl
  • Eating Area: Breakfast Nook, In Kitchen, Country Kitchen
  • Electric: 220V In Kitchen
  • Exterior Features: Rain Gutters
  • Fence YN: Yes
  • Fencing: Vinyl, Wrought Iron
  • Fireplace: Living Room,Gas Starter, Yes
  • Flooring: Tile, Wood
  • Foundation Details: Slab
  • Full Baths: 1
  • Garage: Yes
  • Garage Spaces: 2.00
  • Interior Features: Cathedral-Vaulted Ceilings, Ceiling Fan, Ceramic Counters, Chair Railings, Pantry, Pull Down Stairs
  • Kitchen Features: Built-in Trash/Recycling, Remodeled Kitchen, Tile Counters, Walk-In Pantry
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 00916706
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre, Back Yard, Close to Clubhouse, Front Yard, Landscaped, Lot-Level/Flat, On Golf Course
  • Lot Size: 0.1100
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Major Change Type: New Listing
  • MLS: CRM
  • Number Remotes: 2
  • Parking Features: Garage - Front Entry, Garage - Two Door, Garage Door Opener
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Concrete, Covered
  • Patio YN: Yes
  • Pool: Association,Fenced,Gunite,Heated,In Ground
  • Pool or Spa: Association,Fenced,Gunite,Heated,In Ground
  • Property Condition: Additions/Alterations, Turnkey
  • Property Type: Single Family Home
  • Road Frontage Type: Private Road
  • Road Surface Type: Maintained, Paved
  • Roof: Spanish Tile
  • Room Type: All Bedrooms Down, Center Hall, Den, Entry, Great Room, Kitchen, Laundry, Living Room, Main Floor Be
  • School District: Perris Union High
  • Senior Community: Yes
  • Sewer: Sewer Paid
  • Spa Features: Association
  • Spa YN: Yes
  • Sprinklers: Yes
  • Sq.Ft.: 1520
  • Stories: One
  • Style: Traditional
  • Sub Type: Single Family Residence
  • Total Baths: 2
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Wat
  • Water Source: Public
  • Window Features: Custom Covering, Double Pane Windows, Plantation Shutters, Screens, Triple Pane Windows
  • Year Built: 1990
  • Year Built Source: Assessor
  • Zip Code: 92584
  • Golf Course: Yes, See View
  • View: Golf Course,Hills,Lake, Yes

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