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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.

 

Thinking of Buying a Home?

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Diamond Real Estate Group, Inc.

951.672.6711

www.dreginc.com

 

 

 

 

 

 

 

 

 

 

 

 

Featured Listings


32 Results Price (high to low)
2
$6,950,000 For Sale
30351 Nuevo Road
Nuevo/Lakeview, CA 92567
lot: 167.88 acres | Residential Lots & Land
48
$2,500,000 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
$2,000,000 For Sale
Mission Trail
Wildomar, CA
lot: 13.15 acres | Residential Lots & Land
16
$699,999 For Sale
28318 Jenny Lane
Menifee, CA 92584
4 beds, 3 full, 1 partial baths | Single Family Home
3,071 sq ft; lot: 1.02 acres
60
$689,900 For Sale
32572 Galleano Avenue
Winchester, CA 92596
4 beds, 2 full, 1 partial baths | Single Family Home
3,051 sq ft; lot: 2.15 acres
31
$675,000 For Sale
5645 Rainbow Heights Road
Fallbrook, CA 92028
3 beds, 3 baths | Single Family Home
2,942 sq ft; lot: 0.79 acres
40
$520,000 For Sale
32070 Calle Resaca
Temecula, CA 92592
3 beds, 3 full, 1 partial baths | Single Family Home
2,718 sq ft; lot: 8712 sq ft
19
$509,000 For Sale
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
28
$429,999 For Sale
28615 Country Rose Lane
Menifee, CA 92584
4 beds, 3 baths | Single Family Home
2,473 sq ft; lot: 8276 sq ft
5
$429,900 Active Under Contract
41460 Agean Court
Murrieta, CA 92562
5 beds, 3 baths | Single Family Home
2,850 sq ft; lot: 7841 sq ft
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
24
$399,000 For Sale
29386 Milford Court
Menifee, CA 92584
4 beds, 2 full, 1 partial baths | Single Family Home
2,255 sq ft; lot: 8276 sq ft
8
$395,000 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
2
$389,000 New For Sale
22727 Valley Vista Circle
Wildomar, CA 92595
4 beds, 3 baths | Single Family Home
2,245 sq ft; lot: 7405 sq ft
17
$369,000 For Sale
29810 Camino Cristal
Menifee, CA 92584
4 beds, 3 baths | Single Family Home
2,015 sq ft; lot: 5663 sq ft
39
$360,000 For Sale
33616 Viewpoint Drive
Wildomar, CA 92595
3 beds, 2 full, 1 partial baths | Single Family Home
1,770 sq ft; lot: 7405 sq ft
11
$329,900 For Sale
27605 Decatur Way
Menifee, CA 92586
3 beds, 2 baths | Single Family Home
2,011 sq ft; lot: 7841 sq ft
1
$325,000 For Sale
46975 De Portola
Temecula, CA 92592
lot: 22.14 acres | Residential Lots & Land
41
$320,000 For Sale
28310 Palm Villa Drive
Menifee, CA 92584
2 beds, 2 baths | Single Family Home
1,409 sq ft; lot: 4792 sq ft
Listings 1-20 out of 32 Previous 1 2           Next

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