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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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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$349,900 For Sale

36768 Torrey Pines Drive
Beaumont, CA 92223

4 beds, 3 baths | Single Family Home
1,974 sq ft; lot: 5663 sq ft - MLS# SW19003325
Property Photo
1/27

Description

LOCATION! LOCATION! Beautiful two-story home located in a PRIVATE GATED COMMUNITY of Tournament Hills. Home features UPGRADED CERAMIC TILE and UPGRADED CARPET throughout including custom layed WOOD TILE in the formal living room AND KITCHEN. Floorplan is VERY OPEN with family room/great room area of the kitchen and arch cut-outs in the walls to the formal living area. Kitchen has GRANITE counters with a CUSTOM TILE blacksplash, lots of storage, and PANTRY. Granite Kitchen Island the Bedrooms are VERY SPACIOUS and include CEILING FANS. Guest room is downstairs. The home offers high ceilings and much more.. Laundry room also has upper cabinets for additional storage. Backyard is a LARGE yard ready for your to customize and make your own improvements! This fabulous home is PRICED TO SELL and WILL NOT LAST!!! Call for a private showing!

Features

  • # of Parking Spaces: 2.00
  • Area: 263 - Banning/Beaumont/Cherry Valley
  • Association Amenities: Dues Paid Monthly
  • Association Fee: 120.00
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Baths: 3
  • Bedrooms: 4
  • Community Features: Valley
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Desert lawn Dr/Champions Dr
  • Fireplace: Family Room, Yes
  • Full Baths: 3
  • Garage: 2-Car
  • Heating: Central Furnace
  • Heating YN: Yes
  • Laundry Features: Inside, On Upper Level
  • Laundry YN: Yes
  • Listing Agent License: 01503180
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Down Slope from Street, Lot-Level/Flat, Sprinkler System
  • Lot Size: 0.1300
  • Lot Size Area: 5663.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Major Change Type: New Listing
  • MLS: CRM
  • Parking Features: Direct Garage Access, Driveway - Concrete, Garage - Front Entry
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Property Type: Single Family Home
  • Room Type: Family Room, Great Room, Laundry, Living Room, Master Bathroom, Master Bedroom
  • School District: Beaumont
  • Sewer: Public Sewer
  • Sq.Ft.: 1974
  • Stories: Two
  • Stories Total: 2
  • Sub Type: Single Family Residence
  • Water Source: Public
  • Year Built: 2005
  • Year Built Source: Assessor
  • Zip Code: 92223
  • View: Neighborhood, Yes

Courtesy of:

Equal Housing OpportunityMLS membershipREALTOR® certification

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