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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


35 Results Price (high to low)
48
$1,999,900 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
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
12
$520,000 For Sale
17805 Brazier Drive
Riverside, CA 92508
8 beds, 5 full, 1 partial baths | Manufactured Home
3,140 sq ft; lot: 1.14 acres
33
$438,500 For Sale
23335 Casa Bonita Avenue
Quail Valley, CA 92587
5 beds, 2 full, 2 partial baths | Single Family Home
3,200 sq ft; lot: 7405 sq ft
33
$409,000 Active Under Contract
29181 Steamboat Drive
Menifee, CA 92585
4 beds, 3 baths | Single Family Home
2,723 sq ft; lot: 7405 sq ft
17
$398,900 For Sale
28211 Summitrose Drive
Menifee, CA 92584
2 beds, 2 baths | Single Family Home
2,228 sq ft; lot: 6534 sq ft
35
$389,900 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
21
$385,000 Active Under Contract
25025 Clover Creek Lane
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
2,255 sq ft; lot: 7841 sq ft
5
$380,000 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
$379,000 For Sale
26498 Olson Avenue
Homeland, CA 92548
6 beds, 4 baths | Manufactured Home
2,560 sq ft; lot: 19166 sq ft
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
26
$344,900 For Sale
36768 Torrey Pines Drive
Beaumont, CA 92223
4 beds, 3 baths | Single Family Home
1,974 sq ft; lot: 5663 sq ft
22
$344,900 For Sale
29731 Camino Pepita
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
1,329 sq ft; lot: 5663 sq ft
17
$335,000 For Sale
26805 Potomac Drive
Menifee, CA 92586
3 beds, 2 baths | Single Family Home
1,484 sq ft; lot: 8276 sq ft
11
$330,000 For Sale
29248 Lotus Circle
Menifee, CA 92586
3 beds, 2 baths | Single Family Home
1,641 sq ft; lot: 8276 sq ft
35
$325,000 For Sale
31020 Electric Avenue
Nuevo/Lakeview, CA 92567
3 beds, 2 baths | Single Family Home
1,638 sq ft; lot: 15682 sq ft
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
7
$314,900 For Sale
1575 Napoli Way
San Jacinto, CA 92583
4 beds, 3 baths | Single Family Home
1,978 sq ft; lot: 7405 sq ft
1
$299,900 For Sale
46975 De Portola
Temecula, CA 92592
lot: 22.14 acres | Residential Lots & Land
Listings 1-20 out of 35 Previous 1 2           Next

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