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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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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

Featured Listings


31 Results Price (high to low)
1
$1,800,000 For Sale
Mission Trail
Wildomar, CA
lot: 13.15 acres | Residential Lots & Land
32
$715,000 For Sale
32215 Via Bejarano
Temecula, CA 92592
5 beds, 3 full, 1 partial baths | Single Family Home
4,267 sq ft; lot: 7841 sq ft lot
43
$595,000 For Sale
28918 Capano Bay Court
Menifee, CA 92584
4 beds, 2 full, 1 partial baths | Single Family Home
2,350 sq ft; lot: 1.06 acres
33
$539,000 For Sale
33066 Merritt Road
Menifee, CA 92584
5 beds, 3 baths | Manufactured Home
2,592 sq ft; lot: 3.63 acres
33
$530,000 For Sale
6574 Corte Cisco
Carlsbad, CA 92009
3 beds, 2 full, 1 partial baths | Condo/Townhouse
1,501 sq ft; lot: 5.1329 acres
22
$440,000 New For Sale
23546 Cheyenne Canyon Drive
Menifee, CA 92587
5 beds, 3 baths | Single Family Home
2,493 sq ft; lot: 13068 sq ft lot
1
$399,900 For Sale
26097 Barrington Court
Menifee, CA 92586
4 beds, 2 baths | Single Family Home
1,700 sq ft; lot: 7405 sq ft lot
16
$379,000 For Sale
28211 Summitrose Drive
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
2,228 sq ft; lot: 6534 sq ft lot
36
$370,000 Active Under Contract
1426 Puritan Drive
Oceanside, CA 92057
2 beds, 2 baths | Manufactured Home
1,600 sq ft; lot: 4600 sq ft lot
23
$360,000 For Sale
29973 Westlink Drive
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
1,426 sq ft; lot: 5227 sq ft lot
10
$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
24
$299,999 For Sale
25780 Coombe Hill Drive
Menifee, CA 92586
3 beds, 3 baths | Single Family Home
1,740 sq ft; lot: 7405 sq ft lot
8
$299,900 Active Under Contract
921 S Thompson Street
Hemet, CA 92543
4 beds, 2 baths | Single Family Home
2,051 sq ft; lot: 8712 sq ft lot
1
$299,900 For Sale
46975 De Portola
Temecula, CA 92592
lot: 22.14 acres | Residential Lots & Land
14
$289,900 For Sale
26511 Jamestown Drive
Menifee, CA 92586
3 beds, 1 full, 1 partial baths | Single Family Home
1,450 sq ft; lot: 9583 sq ft lot
21
$285,000 For Sale
25561 Nevada Drive
Menifee, CA 92587
3 beds, 1 full, 1 partial baths | Single Family Home
1,548 sq ft; lot: 6970 sq ft lot
16
$279,900 New For Sale
25669 Warwick Road
Menifee, CA 92586
3 beds, 2 baths | Single Family Home
1,603 sq ft; lot: 7841 sq ft lot
1
$275,000 Active Under Contract
27880 Grosse Point Drive
Menifee, CA 92586
3 beds, 2 full, 1 partial baths | Single Family Home
2,168 sq ft; lot: 8276 sq ft lot
13
$269,900 For Sale
28961 Carmel Road
Menifee, CA 92586
2 beds, 2 baths | Single Family Home
1,460 sq ft; lot: 6534 sq ft lot
26
$262,900 For Sale
26090 Saint Marys Street
Menifee, CA 92586
2 beds, 2 baths | Single Family Home
1,560 sq ft; lot: 8712 sq ft lot
Listings 1-20 out of 31 Previous 1 2           Next

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