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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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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

Back to Featured Listings
$420,000 For Sale

23335 Casa Bonita Avenue
Menifee, CA 92587

4 beds, 2 full, 2 partial baths | Single Family Home
2,492 sq ft; lot: 7405 sq ft lot - MLS# SW19133423
Property Photo
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Description

Three level beautiful custom home offers incredible views of the city lights, mountains and some peek a boo water view of canyon lake. As you walk into the home you will find open floor plan with high ceilings and elegant Malaccan Cherry Hardwood floors throughout the main floor. You will also find the formal living room,formal dinning room, nice kitchen with big island and granite counter tops, family room with a cozy fire place. Laundry room,1/2 bath and a three car garage with insulated garage doors. There is an sliding door in the kitchen for access to the balcony where you can sit and enjoy the nice breeze in the afternoons. *The second floor fixtures 4 bedrooms and 2 baths, Huge master bedroom, master bath with separated tub and shower and sliding doors from the bedroom for access to the upper deck overlooking the beautiful views. *Lower level down the main floor offers a studio with 3/4 bath, kitchenette and living room and another room that can be used as a bedroom or office (Excellent rental opportunity). Large tiered backyard with fruit trees. R.V. parking. Fully paid off solar panels saves you a lot of money on the electric bill. Low tax area and no HOA's. Close to new developments, parks and schools. Conveniently located between I215 & I15 fwy

Features

  • # of Parking Spaces: 3.00
  • 3/4 Baths: 1
  • Appliances: Dishwasher, Electric Range, Electric Water Heater
  • Appliances YN: Yes
  • Area: SRCAR - Southwest Riverside County
  • Basement: Finished
  • Bathroom Features: Bathtub, Shower, Shower in Tub, Closet in bathroom, Double sinks in bath(s), Double Sinks In Master
  • Baths: 4
  • Bedrooms: 4
  • Community Features: Rural
  • Construction Materials: Drywall Walls, Stucco
  • Cooling: Central Air, Heat Pump, Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: FROM GOETZ TO CASA BONITA AVE, PROPERTY AT THE END OF CASA BONITA
  • Door Features: Panel Doors
  • Fence YN: Yes
  • Fencing: Average Condition
  • Fireplace: Family Room, Yes
  • Flooring: Wood
  • Full Baths: 2
  • Garage: 3-Car
  • Half Baths: 1
  • Heating: Central, Fireplace(s)
  • Heating YN: Yes
  • Interior Features: Balcony, Block Walls, Ceiling Fan(s)
  • Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open to Family Room, Kitchenette, Walk-In Pantry
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 01734051
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre
  • 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: Price Change
  • MLS: CRM
  • Parking Spaces: 3.00
  • Patio And Porch Features: Deck
  • Patio YN: Yes
  • Property Type: Single Family Home
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Shingle
  • Room Type: All Bedrooms Up, Basement, Bonus Room, Family Room, Living Room
  • School District: Menifee Union
  • Sewer: Septic Type Unknown
  • Sq.Ft.: 2492
  • Stories: Three Or More
  • Stories Total: 3
  • Sub Type: Single Family Residence
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Not Available,
  • Water Source: Public
  • Window Features: Drapes
  • Year Built: 1994
  • Year Built Source: Assessor
  • Zip Code: 92587
  • View: City Lights,Hills,Mountain(s),Neighborhood,Panoramic, Yes

Courtesy of:

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

    Email: Ruthgnzlz@yahoo.com

  • More info

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