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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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$298,900 For Sale

28205 Orangegrove Ave
Menifee, CA 92584

2 beds, 1 full, 1 partial baths | Single Family Home
1,340 sq ft; lot: 4792 sq ft - MLS# SW19038628
Property Photo
1/24

Description

Totally upgraded inside and out Just like walking into a newly constructed home. Everything has been updated or replaced. A must see. New kitchen, new bathrooms, new fans, new vinyl windows, new lighting fixtures throughout. New interior doors, new paint inside and out, All new landscaping (low maintenance) New patio cover. Guest bedroom has been enlarged by approximately 40 sq. ft. Seller is very motivated

Features

  • # of Parking Spaces: 2.00
  • 3/4 Baths: 1
  • Appliances: Dishwasher, Free Standing Range, Garbage Disposal, Gas Stove
  • Appliances YN: Yes
  • Area: 227 - Menifee
  • Association Amenities: Pool, Spa, Barbecue, Outdoor Cooking Area, Picnic Area, Billiard Room, Card Room, Banquet Facilities
  • Association Fee: 66.00
  • Association Fee 2 Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Fee2: 70.00
  • Association YN: Yes
  • Bathroom Features: Shower in Tub, Double Sinks In Master Bath, Exhaust fan(s), Quartz Counters, Upgraded, Walk-in showe
  • Baths: 2
  • Bedrooms: 2
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains
  • Construction Materials: Stucco
  • Cooling: Central, Gas
  • Cooling YN: Yes
  • Country: US
  • Directions: Antelope Rd north of Newport Rd. Rt on Palm Villa Dr, left on Orangegrove Ave
  • Eating Area: Breakfast Nook, Dining Room
  • Exterior Features: Rain Gutters
  • Fence YN: Yes
  • Fencing: Wood
  • Fireplace: Living Room,Gas Starter, Yes
  • Flooring: Tile
  • Foundation Details: Slab
  • Full Baths: 1
  • Garage: 2-Car
  • Heating: Central Furnace, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fan, Pantry, Stone Counters
  • Kitchen Features: Quartz Counters, Remodeled Kitchen, Self-closing cabinet doors, Self-closing drawers
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 00916706
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Back Yard, Close to Clubhouse, Corners Established, Front Yard, Garden, Level with Street, Lot-Level
  • 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: New Listing
  • MLS: CRM
  • Parking Features: Direct Garage Access, Driveway - Concrete, Garage - Front Entry, Garage - Single Door, Garage Door O
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Covered, Slab
  • Patio YN: Yes
  • Pool: Association,Heated,Solar Heat
  • Pool or Spa: Association,Heated,Solar Heat
  • Property Condition: Turnkey
  • Property Type: Single Family Home
  • Roof: Tile
  • Room Type: Den, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Utility Room, Walk
  • School District: Perris Union High
  • Senior Community: Yes
  • Sewer: Public Sewer, Sewer Paid
  • Spa Features: Association, Heated, In Ground
  • Spa YN: Yes
  • Sq.Ft.: 1340
  • Stories: One
  • Style: Traditional
  • Sub Type: Single Family Residence
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Wat
  • Water Source: Public
  • Window Features: Blinds, Double Pane Windows, Energy Star Windows
  • Year Built: 1990
  • Year Built Source: Assessor
  • Zip Code: 92584
  • View: Neighborhood, Yes

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