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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


32 Results Price (high to low)
1
$1,800,000 For Sale
Mission Trail
Wildomar, CA
lot: 13.15 acres | Residential Lots & Land
32
$730,000 New 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
33
$539,000 For Sale
33086 Merritt Road
Menifee, CA 92584
5 beds, 3 baths | Manufactured Home
2,592 sq ft; lot: 3.63 acres
27
$525,000 For Sale
20695 Kelly Lane
Perris, CA 92570
3 beds, 3 baths | Single Family Home
2,025 sq ft; lot: 2.5 acres
34
$420,000 For Sale
23335 Casa Bonita Avenue
Menifee, CA 92587
4 beds, 2 full, 2 partial baths | Single Family Home
2,492 sq ft; lot: 7405 sq ft lot
12
$415,000 New 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 lot
32
$415,000 For Sale
3553 Pyramid Trail
Perris, CA 92570
3 beds, 2 full, 1 partial baths | Single Family Home
3,032 sq ft; lot: 6098 sq ft lot
Open House Saturday Jun 22, 12am–4pm
14
$399,995 For Sale
23839 Golden Pheasant Lane
Murrieta, CA 92562
3 beds, 2 full, 1 partial baths | Single Family Home
1,868 sq ft; lot: 4792 sq ft lot
36
$385,000 For Sale
1426 Puritan Drive
Oceanside, CA 92057
2 beds, 2 baths | Manufactured Home
1,600 sq ft; lot: 4600 sq ft lot
16
$379,000 For Sale
28211 Summitrose Drive
Menifee, CA 92584
2 beds, 2 baths | Single Family Home
2,228 sq ft; lot: 6534 sq ft lot
14
$349,900 For Sale
23560 Juniper Flats Road
Nuevo/Lakeview, CA 92567
3 beds, 2 baths | Manufactured Home
1,056 sq ft; lot: 3.42 acres
2
$345,000 For Sale
22636 Perry Street
Perris, CA 92570
3 beds, 2 baths | Single Family Home
1,648 sq ft; lot: 16988 sq ft lot
27
$340,000 New For Sale
36768 Torrey Pines Drive
Beaumont, CA 92223
4 beds, 3 baths | Single Family Home
1,974 sq ft; lot: 5663 sq ft lot
26
$340,000 For Sale
36768 Torrey Pines Drive
Beaumont, CA 92223
4 beds, 3 baths | Single Family Home
1,974 sq ft; lot: 5663 sq ft lot
28
$319,900 For Sale
19580 Clark Street
Perris, CA 92570
2 beds, 1 bath | Single Family Home
936 sq ft; lot: 2.08 acres
17
$314,000 For Sale
26805 Potomac Drive
Menifee, CA 92586
3 beds, 2 baths | Single Family Home
1,484 sq ft; lot: 8276 sq ft lot
1
$299,900 For Sale
46975 De Portola
Temecula, CA 92592
lot: 22.14 acres | Residential Lots & Land
20
$295,000 Active Under Contract
25790 Baltrustrol Drive
Menifee, CA 92586
3 beds, 2 full, 1 partial baths | Single Family Home
2,429 sq ft; lot: 7405 sq ft lot
28
$294,900 For Sale
28089 Lemonwood Drive
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
1,299 sq ft; lot: 4792 sq ft lot
24
$269,900 For Sale
25831 Sun City Boulevard
Menifee, CA 92586
3 beds, 2 full, 1 partial baths | Single Family Home
2,217 sq ft; lot: 8276 sq ft lot
Listings 1-20 out of 32 Previous 1 2           Next

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