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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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$539,000 For Sale

33086 Merritt Road
Menifee, CA 92584

5 beds, 3 baths | Manufactured Home
2,592 sq ft; lot: 3.63 acres - MLS# SW19136715
Property Photo
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Description

Horse Property on 3.63 Acres *** Two Home's on a Lot, plus barn *** Awesome views *** This property offers the best of both worlds. Ranch style Home close to everything. All permitted and has permanent foundation. Main house has four bedroom's plus master suite. Over 2000 square feet and has been completely upgraded new flooring fresh paint and new carpet through out. Nice open floor plan *** Kitchen is Remodeled with all new self closing cabinets, new fixtures, fresh paint, granite counter top's, stainless steel appliances, center island, breakfast bar and extra storage.Beautiful Master bedroom with private retreat, walk in closet, large soaker tub and separate shower also has dual sinks and nice cabinets with plenty of storage.Second Home is 1152 square feet, three bedroom's two baths. Main house has all new copper plumbing and new water heater. Two Wells, three water tanks and fire hydrant. Great location and wonderful schools, close to shopping, schools medical and much more...

Features

  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave
  • Appliances YN: Yes
  • Area: SRCAR - Southwest Riverside County
  • Bathroom Features: Bathtub, Shower in Tub, Double Sinks In Master Bath, Soaking Tub, Vanity area
  • Baths: 3
  • Bedrooms: 5
  • Community Features: Hiking, Horse Trails, Rural
  • Cooling: Central Air
  • Cooling YN: Yes
  • Country: US
  • Directions: I 215 to Scott Rd., go East to Merritt Rd., (south side)
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Flooring: Carpet, Laminate
  • Full Baths: 3
  • Heating: Central
  • Heating YN: Yes
  • Interior Features: Granite Counters
  • Laundry Features: Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01244198
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: 2-5 Units/Acre, Gentle Sloping, Horse Property
  • Lot Size: 3.6300
  • Lot Size Area: 158123.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Major Change Type: Price Change
  • MLS: CRM
  • Parking Features: RV Access/Parking
  • Parking YN: Yes
  • Property Type: Manufactured Home
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Room Type: Entry, Family Room, Laundry, Living Room, Retreat, Walk-In Closet
  • School District: Menifee Union
  • Sewer: Public Sewer
  • Sq.Ft.: 2592
  • Stories: One
  • Stories Total: 1
  • Style: Ranch
  • Sub Type: Manufactured On Land
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected
  • Water Source: Well
  • Window Features: Double Pane Windows
  • Year Built: 1980
  • Year Built Source: Assessor
  • Zip Code: 92584
  • Zoning: R-R-2 1/2
  • View: Hills, Yes

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