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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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951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

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$415,000 Pending

29325 Starring Lane
Menifee, CA 92584

5 beds, 3 baths | Single Family Home
2,916 sq ft; lot: 6970 sq ft lot - MLS# SW19153394
Property Photo
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Description

Beautiful TURNKEY home, located in The Lakes, a GATED master planned community in Menifee, CA. When you first walk in you will love the the vaulted ceilings and open floor plan with luxurious amenities and modern features. Easy maintenance backyard with no homes behind you and a LAKE VIEW from the Master Suite. The kitchen offers granite counter tops with designer back splash, upgraded cabinetry, large walk in pantry and stainless steel appliances. Laundry room is conveniently located upstairs with sink and cabinets for additional storage. Master suite and 4 additional bedrooms all upstairs and a den/office downstairs. The 3 car garage is perfect for all of the toys. Location is everything and this home is walking distance to the trails, clubhouse, pools, lake, and a park just at the end of your cul-de-sac. Family recreation is at the heart of The Lakes with its five inviting parks and playgrounds, sport fields, picturesque bicycle and jogging trails along with three lakes, and grassy areas for weekend picnics and barbecues. The Lakes community is also conveniently located close to a variety of restaurants, shopping, and golf courses.

Features

  • # of Parking Spaces: 3.00
  • Area: SRCAR - Southwest Riverside County
  • Association Amenities: Pool, Picnic Area, Playground, Clubhouse, Recreation Room, Meeting Room, Call for Rules, Management,
  • Association Management Name: Lakes Community Assoc.
  • Association YN: Yes
  • Baths: 3
  • Bedrooms: 5
  • Community Features: Biking, Curbs, Fishing, Lake, Park, Watersports, Sidewalks, Street Lights, Suburban
  • Cooling: Central Air
  • Cooling YN: Yes
  • Country: US
  • Directions: Newport Road to Laguna Vista, left on Tres Lagos, left on skipstone, left on Starring.
  • Fireplace: Living Room, Yes
  • Full Baths: 3
  • Garage: 3-Car
  • Heating: Central
  • Heating YN: Yes
  • HOA Fee: 181.00
  • HOA Frequency: Monthly
  • HOA Name: The Lakes
  • Interior Features: Granite Counters, High Ceilings
  • Laundry Features: Inside, Upper Level
  • Laundry YN: Yes
  • Listing Agent License: 01413370
  • Listing Office License: 01884123
  • Listing Status: Pending
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Sprinklers In Front, Sprinklers In Rear
  • Lot Size: 0.1600
  • Lot Size Area: 6970.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 1
  • Major Change Type: Pending
  • MLS: CRM
  • Parking Spaces: 3.00
  • Pool: Association,In Ground
  • Pool or Spa: Association,In Ground
  • Property Type: Single Family Home
  • Room Type: All Bedrooms Up, Den, Master Bathroom, Master Suite, Office
  • School District: Menifee Union
  • Sewer: Public Sewer
  • Sprinklers: Yes
  • Sq.Ft.: 2916
  • Stories: Two
  • Stories Total: 2
  • Sub Type: Single Family Residence
  • Water Source: Public
  • Year Built: 2007
  • Year Built Source: Public Records
  • Zip Code: 92584
  • Zoning: SP ZONE
  • View: Lake, Yes
  • Waterfront: Lake Privileges

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