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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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951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$249,900 For Sale

28179 Portsmouth Drive
Menifee, CA 92586

2 beds, 2 baths | Single Family Home
1,379 sq ft; lot: 6970 sq ft - MLS# SW19036937
Property Photo
1/11

Description

Desirable Webb home located in the 55+community of Sun City. Beautiful curb appeal with mountain views. 2 bed/2 bath with bonus room. Open floor plan with large great room, updated kitchen with newer gas appliances and large eat at bar. Dining room has sliding glass door that leads to the low maintenance, fenced back yard, with covered patio. large laundry/bonus room can be used for an office/den, craft room....Large tiled guest/2nd bedroom with ceiling fan and mountain views. Hall bath has oversized step in shower. Master suite has 2 mirrored closets with sitting area, and attached wheelchair accessible bathroom. 2 car attached garage with plenty of storage. HOA amenities include 2 pools, spa, fitness center, banquet facilities, club house, meeting room, tennis, lawn bowling, pool/ping pong tables. Low Annual HOA fee of $372.00 a year. Close to town, banks, shopping, library, restaurants, golf course, and freeway. Retire in Style.

Features

  • # of Parking Spaces: 2.00
  • Appliances: Garbage Disposal, Gas Range, Gas Water Heater
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Amenities: Pool
  • Association Fee: 372.00
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Bathroom Features: Walk-in shower
  • Baths: 2
  • Bedrooms: 2
  • Community Features: Street Lighting
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: McCall to portsmouth
  • Eating Area: Breakfast Counter / Bar
  • Flooring: Tile
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central Furnace
  • Heating YN: Yes
  • Interior Features: Ceiling Fan, Ceramic Counters, Dry Bar, Recessed Lighting
  • Kitchen Features: Butler's Pantry, Remodeled Kitchen
  • Laundry Features: Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 0991962
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 0.1600
  • Lot Size Area: 6970.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: New Listing
  • MLS: CRM
  • Parking Spaces: 2.00
  • Patio And Porch Features: Covered
  • Patio YN: Yes
  • Pool: Community Pool
  • Pool or Spa: Community Pool
  • Property Type: Single Family Home
  • Road Surface Type: Paved
  • Room Type: All Bedrooms Down, Bonus Room, Dressing Area, Kitchen, Laundry
  • School District: Perris Union High
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Sq.Ft.: 1379
  • Stories: One
  • Stories Total: 1
  • Sub Type: Single Family Residence
  • Water Source: Public
  • Year Built: 1967
  • Year Built Source: Assessor
  • Zip Code: 92586
  • Zoning: R-1
  • View: Mountain, Yes

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