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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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$475,000 New For Sale

49880 Ottowa Court
Aguanga, CA 92536

3 beds, 2 baths | Single Family Home
2,351 sq ft; lot: 2.68 acres - MLS# SW19162914
Property Photo
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Description

This gorgeous ranch home is located on a little piece of paradise in the gated community of Lake Riverside Estates. Country living truly at its best from the moment you drive onto the property you will fall in love. Inside this custom 3 bedroom 2 bath home you will enjoy the beautiful vaulted pine ceilings in the family room, hardwood floors and fresh new paint. The kitchen offers gorgeous granite counter tops, custom cabinetry and a large island with seating. Large master suite with walk in closet, and jetted soaking tub in the spacious master bathroom. Huge indoor laundry room with lots of cabinets, a sink, and built in desk for office or crafting space. Outside this pristine property there is a custom chicken coup with run. Detached 2nd garage/workshop. Shade trees, fruit trees, lawn that wraps around the home, rose and vegetable gardens. Gated front entry with remote. Location is everything and this homes location is ideal for optimal privacy at the end of a cul-de-sac backing up to open land giving you privacy and unobstructed views for miles. Family recreation is at the heart of Lake Riverside Estates with its 55 acre lake, park, playground, basketball court, horse trails, and private airport.

Features

  • # of Parking Spaces: 4.00
  • Appliances: Electric Oven, Electric Cooktop, Gas Water Heater
  • Appliances YN: Yes
  • Area: SRCAR - Southwest Riverside County
  • Association Amenities: Pool, Picnic Area, Playground, Biking Trails, Hiking Trails, Horse Trails
  • Association Management Name: Walters Management
  • Association YN: Yes
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Biking, Fishing, Hiking, Lake, Horse Trails, Park
  • Cooling: Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: Hwy 371 to Lake Riverside Dr. Right on Ottowa
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fence YN: Yes
  • Fencing: Chain Link
  • Fireplace: Family Room,Wood Burning, Yes
  • Flooring: Carpet, Tile, Wood
  • Full Baths: 2
  • Garage: 4-Car
  • Heating: Central, Propane, Fireplace(s)
  • Heating YN: Yes
  • HOA Fee: 125.00
  • HOA Frequency: Monthly
  • HOA Name: Lake Riverside Estates
  • Interior Features: Beamed Ceilings
  • Kitchen Features: Granite Counters, Kitchen Island
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01413370
  • Listing Office License: 01884123
  • Listing Status: Active
  • Living Area Source: Public Records
  • Lot Features: Cul-De-Sac, Horse Property, Landscaped, Lawn, Sprinkler System
  • Lot Size: 2.6800
  • Lot Size Area: 116741.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: New Listing
  • MLS: CRM
  • Other Structures: Second Garage Detached, Storage, Workshop
  • Parking Spaces: 4.00
  • Patio And Porch Features: Covered
  • Patio YN: Yes
  • Pool: Association
  • Pool or Spa: Association
  • Property Condition: Turnkey
  • Property Type: Single Family Home
  • Roof: Composition
  • Room Type: Laundry, Master Suite
  • School District: Hemet Unified
  • Sewer: Aerobic Septic
  • Sq.Ft.: 2351
  • Stories: One
  • Stories Total: 1
  • Style: Ranch
  • Sub Type: Single Family Residence
  • Utilities: Cable Connected, Electricity Connected, Propane, Water Connected
  • Water Source: Well
  • Year Built: 2004
  • Year Built Source: Public Records
  • Zip Code: 92536
  • Zoning: R-1-2 1/2
  • View: Hills,Mountain(s), Yes

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