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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

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$275,000 For Sale

28961 Carmel Road
Menifee, CA 92586

2 beds, 2 baths | Single Family Home
1,460 sq ft; lot: 6534 sq ft lot - MLS# SW19162476
Property Photo

Description

This lovely 2 bedroom 2 bath home in the Senior Community of Sun City is coming to the market after this family has lived there and lovingly maintained their home for over 20 years!! Kitchen and both bathrooms have been updated, flooring is tile and laminate with carpet in living areas. There are newer dual pane windows throughout, an enclosed lanai that is being used as an office and very private backyard with covered patio and large gazebo surrounded by beautiful plantings and trees. This one is to be seen soon!! Call agent with any questions. This is a 55 and over community.

Features

  • # of Parking Spaces: 2.00
  • Area: SRCAR - Southwest Riverside County
  • Association Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Billiard Room, Card Room,
  • Association Management Name: Equity
  • Association YN: Yes
  • Baths: 2
  • Bedrooms: 2
  • Community Features: Street Lights
  • Cooling: Central Air, Electric, Gas
  • Cooling YN: Yes
  • Country: US
  • Directions: Sun City Blvd to Carmel Road
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central, Natural Gas
  • Heating YN: Yes
  • HOA Fee: 372.00
  • HOA Frequency: Annually
  • HOA Name: Sun City Civic Asociation
  • Laundry Features: Electric Dryer Hookup, Individual Room, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01823360
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Close to Clubhouse
  • 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: 2
  • Major Change Type: New Listing
  • MLS: CRM
  • Parking Spaces: 2.00
  • Pool: Association
  • Pool or Spa: Association
  • Property Type: Single Family Home
  • Room Type: All Bedrooms Down, Workshop
  • School District: Perris Union High
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Special Conditions Details: Standard,Trust
  • Sq.Ft.: 1460
  • Stories: One
  • Sub Type: Single Family Residence
  • Water Source: Public
  • Year Built: 1964
  • Year Built Source: Assessor
  • Zip Code: 92586
  • View: Neighborhood, Yes

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