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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


27 Results Price (high to low)
48
$2,499,000 For Sale
41300 Berkswell Lane
Temecula, CA 92592
7 beds, 7 full, 1 partial baths | Single Family Home
8,860 sq ft; lot: 5.12 acres
1
$1,800,000 For Sale
Mission Trail
Wildomar, CA
lot: 13.15 acres | Residential Lots & Land
16
$699,999 For Sale
28318 E Jenny Lane E
Menifee, CA 92584
4 beds, 3 full, 1 partial baths | Single Family Home
3,071 sq ft; lot: 1.02 acres
18
$499,999 Active Under Contract
43082 Barnhill Road
Hemet, CA 92544
5 beds, 3 full, 2 partial baths | Single Family Home
3,170 sq ft; lot: 0.96 acres
5
$460,000 For Sale
38448 Hillside Trail Drive
Murrieta, CA 92562
lot: 0.56 acres | Residential Lots & Land
12
$409,000 For Sale
35119 Pashal Place
Wildomar, CA 92595
4 beds, 2 full, 1 partial baths | Single Family Home
2,236 sq ft; lot: 9583 sq ft
26
$389,900 New For Sale
26118 Desert Rose Lane
Menifee, CA 92586
2 beds, 2 full, 1 partial baths | Single Family Home
2,054 sq ft; lot: 5663 sq ft
46
$389,900 Active Under Contract
29063 Navigator Way
Menifee, CA 92585
3 beds, 2 baths | Single Family Home
1,951 sq ft; lot: 8276 sq ft
8
$380,000 For Sale
45359 Escalante Court
Temecula, CA 92592
3 beds, 2 full, 1 partial baths | Single Family Home
1,468 sq ft; lot: 6970 sq ft
28
$379,999 New For Sale
27811 Cliff Top Court
Menifee, CA 92585
4 beds, 3 baths | Single Family Home
2,070 sq ft; lot: 8276 sq ft
17
$359,900 Active Under Contract
29810 Camino Cristal
Menifee, CA 92584
4 beds, 3 baths | Single Family Home
2,015 sq ft; lot: 5663 sq ft
32
$349,999 For Sale
27414 Mortensen Court
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
1,232 sq ft; lot: 7405 sq ft
39
$347,000 Active Under Contract
33616 Viewpoint Drive
Wildomar, CA 92595
3 beds, 2 full, 1 partial baths | Single Family Home
1,770 sq ft; lot: 7405 sq ft
1
$324,900 For Sale
46975 De Portola
Temecula, CA 92592
lot: 22.14 acres | Residential Lots & Land
2
$289,900 For Sale
28169 N Orangegrove Avenue S
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
1,299 sq ft; lot: 4792 sq ft
42
$289,500 Active Under Contract
28250 Windsor Drive
Menifee, CA 92586
2 beds, 2 full, 1 partial baths | Single Family Home
1,796 sq ft; lot: 7841 sq ft
26
$265,000 For Sale
26356 Brandywine Court
Menifee, CA 92586
2 beds, 2 baths | Single Family Home
1,206 sq ft; lot: 9148 sq ft
15
$233,000 For Sale
2836 Oradon
Hemet, CA 92545
2 beds, 2 baths | Single Family Home
1,214 sq ft; lot: 3049 sq ft
1
$229,000 For Sale
26096 Ridgemoor Road
Menifee, CA 92586
2 beds, 2 baths | Single Family Home
1,404 sq ft; lot: 6534 sq ft
12
$215,000 For Sale
27230 Wentworth Drive
Sun City, CA 92586
2 beds, 2 baths | Single Family Home
1,200 sq ft; lot: 8276 sq ft
Listings 1-20 out of 27 Previous 1 2           Next

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