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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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951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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Sold for $245,000 Sold

28104 Lemonwood Drive
Menifee, CA 92584

2 beds, 1 full, 1 partial baths | Single Family Home
1,089 sq ft; lot: 4792 sq ft - MLS# SW19006382
Property Photo

Sold

Sold for $245,000 on Mar 1, 2019

Description

Very cute two bedroom home in highly desirable senior community . Great location. Easy access to several shopping centers, doctors offices, hospitals, Menifee Lake and I 215 freeway. Very private back patio with access from both the living room and master bedroom.. Bright, sunny kitchen located on the front of the house. Association pool, spa and club house within walking distance. Palmilla on the Green offers many social activities, such as Bingo, brunches, book club, cards. The club house has a big screen TV, pool table, library, full kitchen, computer center.

Features

  • # of Parking Spaces: 2.00
  • 3/4 Baths: 1
  • Accessibility: Doors - Swing In,Low Pile Carpeting,No Interior Steps
  • Appliances: Dishwasher, Free Standing Range, Gas Range
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Amenities: Pool, Spa, Barbecue, Outdoor Cooking Area, Picnic Area, Biking Trails, Club House, Billiard Room, Ca
  • Association Fee: 66.00
  • Association Fee 2 Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Fee2: 70.00
  • Association YN: Yes
  • Bathroom Features: Low Flow Toilet(s), Shower, Shower in Tub, Double Sinks In Master Bath, Exhaust fan(s), Linen Closet
  • Baths: 2
  • Bedrooms: 2
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
  • Construction Materials: Stucco
  • Cooling: Central, Gas, High Efficiency
  • Cooling YN: Yes
  • Country: US
  • Direction Faces: South
  • Directions: Antelope Rd north of Newport Rd. Rt on Palm Villa Drl, left on Lemonwood Dr
  • Eating Area: Breakfast Nook, Dining Room
  • Fence YN: Yes
  • Fencing: Vinyl, Wood
  • Fireplace: Living Room,Gas,Gas Starter, Yes
  • Flooring: Carpet, Tile, Vinyl
  • Foundation Details: Slab
  • Full Baths: 1
  • Garage: 2-Car
  • Heating: Central Furnace, Natural Gas
  • Heating YN: Yes
  • Interior Features: Copper Plumbing Full, Pantry, Tile Counters
  • Kitchen Features: Tile Counters
  • Laundry Features: Area, Inside
  • Laundry YN: Yes
  • Listing Agent License: 00916706
  • Listing Office License: 01884123
  • Listing Status: Closed
  • Lot Features: 0-1 Unit/Acre, Close to Clubhouse, Corners Established, Front Yard, Landscaped, Lawn, Lot Shape-Rect
  • Lot Size: 0.1100
  • Lot Size Area: 4792.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Major Change Type: Closed
  • MLS: CRM
  • Number Remotes: 1
  • Parking Features: Garage - Front Entry
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Concrete
  • Patio YN: Yes
  • Pool: Association,Fenced,Heated,In Ground
  • Pool or Spa: Association,Fenced,Heated,In Ground
  • Property Condition: Repairs Cosmetic
  • Property Type: Single Family Home
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Spanish Tile
  • Room Type: All Bedrooms Down, Center Hall, Entry, Kitchen, Laundry, Living Room, Main Floor Master Bedroom
  • School District: Perris Union High
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Selling Agent: Bassam Hamideh
  • Selling Agent License: 01821745
  • Selling Office: Pharos Realty
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Sold Date: 2019-03-01 00:00:00
  • Sold Price: 245000.00
  • Sprinklers: Yes
  • Sq.Ft.: 1089
  • Stories: One
  • Style: Traditional
  • Sub Type: Single Family Residence
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Und
  • Water Source: Public
  • Window Features: Blinds, Screens
  • Year Built: 1989
  • Year Built Source: Assessor
  • Zip Code: 92584

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