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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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$299,900 Pending

27908 Red Dawn Dr
Menifee, CA 92584

3 beds, 1 full, 1 partial baths | Single Family Home
1,207 sq ft; lot: 4356 sq ft lot - MLS# SW19121648
Property Photo
1/24

Description

This would be a great starter home. New paint throughout interior. Nee carpet in all three bedrooms. Ceiling fans in all bedrooms. Corian counter tops in kitchen. New free standing gas range. New kitchen faucet. Forced air conditioner& furnace 2 years new. New screens. New dining room light fixture. Inside laundry room. New paint on outside siding and trim and fence. Community pool, playground, club house. Low taxes.

Features

  • # of Parking Spaces: 2.00
  • 3/4 Baths: 1
  • Appliances: Gas Range, Gas Water Heater
  • Appliances YN: Yes
  • Area: SRCAR - Southwest Riverside County
  • Association Amenities: Pool, Playground
  • Association Management Name: Equity
  • Association YN: Yes
  • Bathroom Features: Shower, Shower in Tub, Corian Counters, Walk-in shower
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Curbs, Gutters, Sidewalks
  • Construction Materials: Stucco, Wood Siding
  • Cooling: Central Air, Gas
  • Cooling YN: Yes
  • Country: US
  • Directions: McCall to Hiullpoint to Moonridge Dr to Cactus Flower Dr to Rain Dance to Red Dawn Dr
  • Eating Area: Dining Room
  • Electric: Electricity - On Property
  • Fence YN: Yes
  • Fencing: Wood
  • Fireplace: Living Room,Gas,Gas Starter, Yes
  • Flooring: Carpet, Tile
  • Full Baths: 1
  • Garage: 2-Car
  • Heating: Central, Forced Air
  • Heating YN: Yes
  • HOA Fee: 65.00
  • HOA Frequency: Monthly
  • HOA Name: Hill Point
  • Interior Features: Ceiling Fan(s), Chair Railings
  • Kitchen Features: Corian Counters
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 00916706
  • Listing Office License: 01884123
  • Listing Status: Pending
  • Lot Features: 0-1 Unit/Acre, Corners Marked, Front Yard, Landscaped, Lawn, Level with Street
  • Lot Size: 0.1000
  • Lot Size Area: 4356.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: Pending
  • MLS: CRM
  • Parking Features: Direct Garage Access, Driveway Level
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Wood
  • Patio YN: Yes
  • Pool: Association
  • Pool or Spa: Association
  • Property Condition: Repairs Cosmetic
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Room Type: All Bedrooms Down, Center Hall, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Util
  • School District: Menifee Union
  • Sewer: Public Sewer
  • Sq.Ft.: 1207
  • Stories: One
  • Style: Traditional
  • Sub Type: Single Family Residence
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Blinds
  • Year Built: 1991
  • Year Built Source: Assessor
  • Zip Code: 92584

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