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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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$438,500 For Sale

23335 Casa Bonita Avenue
Quail Valley, CA 92587

5 beds, 2 full, 2 partial baths | Single Family Home
3,200 sq ft; lot: 7405 sq ft - MLS# SW19065552
Property Photo
1/33

Description

Three Level Beautiful Custom home with 4 bedrooms and 2 bath in the upper level . *Main Level with beautiful Malaccan Cherry Solid Hardwood floor throughout, Formal living room and dinning room, Family room with a fire place, Kitchen with big island and granite counter tops, Laundry room, Three car garage and 1/2 Bath . * Lower level down the main floor with 3/4 bath a kitchenette and living room and another room that can be used as a bedroom or office. Beautiful views of the city of Canyon Lake, Menifee, and the mountains from the formal living room, kitchen and family room. There is some peek a boo water view of the Lake . Large tiered backyard with plenty of room, RV parking in the side, includes paid off solar panels(approx. 5100 watts) Low tax area, No HOA's . The street is in bad shape because the city Is in the process of installing the first face of the sewer. Close to new developments and conveniently located between I215 & I15 fwy

Features

  • # of Parking Spaces: 3.00
  • 3/4 Baths: 1
  • Appliances: Electric Range, Disposal, Microwave
  • Appliances YN: Yes
  • Area: 699 - Not Defined
  • Bathroom Features: Bathtub, Shower, Double sinks in bath(s), Double Sinks In Master Bath
  • Baths: 4
  • Bedrooms: 5
  • Community Features: Rural
  • Construction Materials: Stucco
  • Cooling: Central Air, Heat Pump, Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: CROSS STREET IS GOETZ
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Fence YN: Yes
  • Fencing: Block
  • Fireplace: Family Room,Wood Burning, Yes
  • Full Baths: 2
  • Garage: 3-Car
  • Half Baths: 1
  • Heating: Central, Electric, Solar, Fireplace(s)
  • Heating YN: Yes
  • Interior Features: Balcony, Block Walls, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Living Room Deck Attac
  • Kitchen Features: Granite Counters, Kitchen Open to Family Room
  • Laundry Features: Electric Dryer Hookup, Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01734051
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size: 0.1700
  • Lot Size Area: 7405.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Major Change Type: New Listing
  • MLS: CRM
  • Parking Features: Garage, Garage Faces Front
  • Parking Spaces: 3.00
  • Parking YN: Yes
  • Property Type: Single Family Home
  • Road Surface Type: Paved
  • Roof: Shingle
  • Room Type: Kitchen, Living Room
  • School District: Menifee Union
  • Sewer: Conventional Septic
  • Sq.Ft.: 3200
  • Stories: Three Or More
  • Sub Type: Single Family Residence
  • Utilities: Cable Available
  • Water Source: Public
  • Window Features: Drapes
  • Year Built: 1994
  • Year Built Source: Assessor
  • Zip Code: 92587
  • View: City Lights,Mountain(s),Panoramic, Yes

Courtesy of:

  • More info
  • Ruth Gonzalez
    Phone: 951-514-1076

    Email: Ruthgnzlz@yahoo.com

  • More info

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