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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

 

 

 

 

 

 

 

 

 

 

 

 

Back to Featured Listings
$409,000 For Sale

28211 Summitrose Drive
Menifee, CA 92584

2 beds, 2 baths | Single Family Home
2,228 sq ft; lot: 6534 sq ft - MLS# SW19010258
Property Photo
1/18

Description

Awesome opportunity *** Turn Key *** Beautiful single story home with two large bedrooms and and separate office (could be third bedroom) . Master bedroom & bath is beautifully done with his and hers separate vanities as well as his and hers closets, over sized tub and large shower.. Completely Upgraded in the Resort style Gated Community of Ryland Oasis. This Home is perfect for entertaining with Open floor plan and Large Gourmet Kitchen, center Island and breakfast bar and additional family eating area. Full Wet Bar area with additional bar stool seating. All Upgraded with Beautiful Custom Tile Flooring and Plantation Shutters through out. Backyard is completely landscaped and has nice private patio. Community offers wonderful amenities including Pool.,Spa, Tennis courts Gym, Club house with Billiard Room, Banquet Room.Front yard Maintenance and Security Guard / Gate. Close to GOLF, LAKE, Shopping and much more... Call today this is priced to sell.

Features

  • # of Parking Spaces: 2.00
  • Accessibility: Entry Slope Less Than 1 Foot,No Interior Steps,Parking
  • Appliances: Built In Range, Continuous Clean Oven, Dishwasher, Garbage Disposal, Gas Oven, Gas Range, Gas Water
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Amenities: Pool, Spa, Barbecue, Picnic Area, Golf, Gym/Ex Room, Club House, Billiard Room, Card Room, Banquet F
  • Association Fee: 215.00
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Bathroom Features: Bathtub, Shower, Shower in Tub, Granite Counters
  • Baths: 2
  • Bedrooms: 2
  • Community Features: Curbs, Golf Course, Sidewalks, Storm Drains, Street Lighting
  • Construction Materials: Stucco
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Take the 215 to Newport Rd., turn right to go east, at first light turn left (north)on Antelope, t
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Electric: Standard
  • Exterior Features: Lighting
  • Fence YN: Yes
  • Fencing: Vinyl
  • Fireplace: Family Room,Great Room, Yes
  • Flooring: Carpet, Tile
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central Furnace
  • Heating YN: Yes
  • Interior Features: Bar, Ceiling Fan, Granite Counters, High Ceilings (9 Feet+), Open Floor Plan, Pantry
  • Kitchen Features: Granite Counters, Kitchen Island
  • 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, Park Nearby, Sprinklers In Front, Sprinklers In Rear
  • Lot Size: 0.1500
  • Lot Size Area: 6534.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Major Change Type: Price Change
  • MLS: CRM
  • Parking Features: Direct Garage Access, Driveway
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Covered, Patio
  • Patio YN: Yes
  • Pool: Association,Community Pool
  • Pool or Spa: Association,Community Pool
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Roof: Spanish Tile
  • Room Type: All Bedrooms Down, Family Room, Office, Walk-In Closet
  • School District: Menifee Union
  • Security Features: 24 Hour Security
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Spa Features: Association, Community
  • Spa YN: Yes
  • Sprinklers: Yes
  • Sq.Ft.: 2228
  • Stories: One
  • Stories Total: 1
  • Sub Type: Single Family Residence
  • Utilities: Cable Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Double Pane Windows, Plantation Shutters
  • Year Built: 2004
  • Year Built Source: Assessor
  • Zip Code: 92584
  • Zoning: SP ZONE
  • Golf Course: Yes, See View
  • View: City Lights,Golf Course,Hills, Yes

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