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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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$325,000 For Sale

31025 Orange Avenue
Nuevo/Lakeview, CA 92567

3 beds, 2 baths | Single Family Home
1,386 sq ft; lot: 13504 sq ft lot - MLS# SW19184832
Property Photo
1/10

Description

Come and live in a peaceful country surroundings in the beautiful town of Nuevo, CA. A great starter home or even a great place to retire, nice clean 3bd. 2ba. home with tile in entry, kitchen, dinning and restrooms, also laminated wood flooring in living room and all bedrooms, .31 acre with RV parking ACCESS to REAR, No HOA's and LOW TAX area. Nice cul-de-sac street with the house being second to last from end of street. Older appliances are exempt from sale, but seller will give a $5000 buyer credit for new appliances with full price offer or use for closing cost. YARD is in the process of being cleaned up and leveled for all your country ideas. Submit offer let's get you in this wonderful home. House is priced to sell, in a desirable area of Nuevo CA. with all the money you will save you can upgrade to your taste and benefit on the EQUITY of the house that you will have, why pay more? I have a good lender that will find the best program for your purchase in this rural area of Riverside, call me or have your agent contact me for lender info. Please submit offers with DU findings, Pre-qual letter, Proof of Funds and EMD, Thank You.

Features

  • # of Parking Spaces: 2.00
  • Accessibility: 2+ Access Exits,No Interior Steps,Parking
  • Area: SRCAR - Southwest Riverside County
  • Bathroom Features: Bathtub, Shower, Shower in Tub, Double sinks in bath(s), Privacy toilet door
  • Baths: 2
  • Bedrooms: 3
  • Community Features: Foothills, Hiking, Horse Trails, Rural, Valley
  • Construction Materials: Drywall Walls, Stucco
  • Cooling: Central Air, Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: East on Nuevo Road, North on Gibson Rd. East on Orange Rd.
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Electric: Electricity - On Property
  • Elementary School: Valvie
  • Fence YN: Yes
  • Fencing: Block, Chain Link
  • Fireplace: Living Room,Wood Burning, Yes
  • Flooring: Laminate, Tile
  • Foundation Details: Permanent, Slab
  • Full Baths: 2
  • Garage: 2-Car
  • Heating: Central, Natural Gas
  • Heating YN: Yes
  • High School: Herita
  • Interior Features: Ceramic Counters, Open Floorplan
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01268237
  • Listing Office License: 01884123
  • Listing Status: Active
  • Lot Features: Back Yard, Cul-De-Sac, Lot 10000-19999 Sqft, Up Slope from Street, Yard
  • Lot Size: 0.3100
  • Lot Size Area: 13504.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Major Change Type: New Listing
  • MLS: CRM
  • Parking Features: Driveway, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, RV Access
  • Parking Spaces: 2.00
  • Parking YN: Yes
  • Patio And Porch Features: Patio Open
  • Patio YN: Yes
  • Property Type: Single Family Home
  • Road Frontage Type: Country Road
  • Road Surface Type: Unpaved
  • Roof: Shingle
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master
  • School District: Perris Union High
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Septic Type Unknown
  • Sq.Ft.: 1386
  • Stories: One
  • Stories Total: 1
  • Style: Traditional
  • Sub Type: Single Family Residence
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Not Available,
  • Water Source: Public
  • Year Built: 1990
  • Year Built Source: Assessor
  • Zip Code: 92567
  • Zoning: R-A
  • View: Neighborhood, Yes

Courtesy of:

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