Welcome or Register

Leave it to a Professional!

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?

Why Not Put Our 41 Years of Experience to Work For You?

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 Home Page
$330,000 For Sale

29248 Lotus Circle
Menifee, CA 92586

3 beds, 2 baths | Single Family Home
1,641 sq ft; lot: 8276 sq ft - MLS# SW19064505
Property Photo
1/11

Description

Absolutely Gorgeous home on extra large lot at end of culdesac, located in a 55+ Community. 2 Bedrooms, one has Murphy's bed, 2 bathrooms, 2 Car Garage, extra room that is now a craft room could also be office/computer room, lovely bright living room with fireplace and 2 sets French doors looking out to a huge fenced yard, Kitchen windows over the sink looking out to lush very private rear yard landscape with trees and shrubs, 2 sheds one homemade by seller with electricity and small A/C, great for that handyman, and one metal shed Large wrap around covered patio. This house a must see! Close to shopping, restaurants and Hospitals.

Features

  • # of Parking Spaces: 2.00
  • Area: SRCAR - Southwest Riverside County
  • Association Amenities: Pool
  • Association Fee: 48.00
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Sidewalks, Street Lights
  • Cooling: Central Air
  • Cooling YN: Yes
  • Country: US
  • Directions: Bradley to Potomac to Columbia
  • Fireplace: Living Room, Yes
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central
  • Heating YN: Yes
  • Interior Features: Cathedral Ceiling(s), Ceiling Fan(s)
  • Laundry Features: Common Area
  • Laundry YN: Yes
  • Listing Agent License: 0991962
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 0.1900
  • Lot Size Area: 8276.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Major Change Type: Back On Market
  • MLS: CRM
  • Parking Spaces: 2.00
  • Property Type: Single Family Home
  • Room Type: All Bedrooms Down
  • School District: Menifee Union
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Sq.Ft.: 1641
  • Stories: One
  • Stories Total: 1
  • Sub Type: Single Family Residence
  • Water Source: Public
  • Year Built: 1989
  • Year Built Source: Assessor
  • Zip Code: 92586
  • Zoning: R-1

Equal Housing OpportunityMLS membershipREALTOR® certification

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu