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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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$379,000 Active Under Contract

28211 Summitrose Drive
Menifee, CA 92584

3 beds, 2 baths | Single Family Home
2,228 sq ft; lot: 6534 sq ft lot - MLS# SW19103637
Property Photo
1/16

Description

Reduced & Priced to sell *** Beautiful open floor plan with large family room and wet bar/ breakfast counter. Extra large kitchen with center island all upgraded stainless steel appliances and granite counter tops, double oven separate eating area off kitchen *** Formal dinning *** Fabulous floor plan has a lot to offer including huge master suite with his & her's walk in closets. Over sized tub and dual sinks with own separate space. Direct access to private office/ bedroom. second bedroom is extra large and has it's own private entrance. extra hallway's. Plantation shutter's and custom window covering's on all windows, upgrade flooring through out. indoor laundry room with soaker sink and space to fold. Large second bedroom over 17 feet long. Yard's are well taken care of and easy to maintain includes covered patio and beautiful flowers. Attached two car garage with plenty of storage. Call today for tour of Ryland Oasis retirement community and home. Community has awesome amenities and build around Menifee Lakes Golf course. Low taxes *** close to freeway,medical & shopping and much more. Call today don't miss this great opportunity. Home is available for a quick closing...

Features

  • # of Parking Spaces: 2.00
  • Accessibility: 36 Inch Or More Wide Halls,Parking
  • Appliances: Built-In Range, Self Cleaning Oven, Dishwasher, Double Oven, Disposal, Gas Oven, Gas Cooktop
  • Appliances YN: Yes
  • Area: SRCAR - Southwest Riverside County
  • Association Amenities: Pool, Spa/Hot Tub, Barbecue, Golf Course, Tennis Court(s), Gym/Ex Room, Clubhouse, Billiard Room, Re
  • Association Management Name: Oasis management
  • Association YN: Yes
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Soaking Tub, Tile Counters, Walk-in shower
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Golf, Sidewalks, Street Lights
  • Cooling: Central Air
  • 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
  • Door Features: Panel Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Electric: Standard
  • Fireplace: Family Room, Yes
  • Flooring: Carpet, Tile
  • Foundation Details: Slab
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central
  • Heating YN: Yes
  • HOA Fee: 215.00
  • HOA Frequency: Monthly
  • HOA Name: Oasis
  • Interior Features: Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Wet Bar
  • Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open to Family Room
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01244198
  • Listing Office License: 01884123
  • Listing Status: Active Under Contract
  • Lot Features: Back Yard, Front Yard, Landscaped, Sprinklers Timer
  • 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: 3
  • Major Change Type: Active Under Contract
  • MLS: CRM
  • Parking Features: Attached Carport, Direct Garage Access, Garage Door Opener
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Arizona Room, Covered, Wrap Around
  • Patio YN: Yes
  • Pool: Association,Community,Exercise Pool,Heated,In Ground
  • Pool or Spa: Association,Community,Exercise Pool,Heated,In Ground
  • Property Condition: Termite Clearance
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Roof: Concrete, Flat Tile
  • Room Type: All Bedrooms Down, Entry, Family Room, Great Room, Jack & Jill, Living Room, Main Floor Bedroom, Mai
  • School District: Menifee Union
  • Security Features: 24 Hour Security, Gated Community, Gated with Guard
  • Senior Community: Yes
  • Spa Features: Community, Heated, In Ground
  • Spa YN: Yes
  • Sprinklers: Yes
  • Sq.Ft.: 2228
  • Stories: One
  • Stories Total: 1
  • Style: Contemporary
  • Sub Type: Single Family Residence
  • Subdivision: Ryland Oasis
  • Subdivision/Neighborhood: Ryland Oasis
  • Utilities: Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Custom Covering, Double Pane Windows, Plantation Shutters, Screens, Stained Glass
  • Year Built: 2004
  • Year Built Source: Assessor
  • Zip Code: 92584
  • Zoning: SP ZONE
  • View: City Lights,Hills,Mountain(s), Yes

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