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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


29 Results Price (high to low)
48
$2,199,900 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
3
$850,000 For Sale
17805 Brazier Drive
Riverside, CA 92508
3 beds, 2 baths | Manufactured Home
2,560 sq ft; lot: 1.14 acres
3
$600,000 For Sale
82283 Valencia Avenue
Indio, CA 92201
3 beds, 3 full, 1 partial baths | Single Family Home
3,173 sq ft; lot: 8712 sq ft
27
$579,000 For Sale
20695 Kelly Lane
Perris, CA 92570
3 beds, 3 baths | Single Family Home
2,025 sq ft; lot: 2.5 acres
32
$449,000 For Sale
29355 Aquifer Lane
Menifee, CA 92585
4 beds, 3 baths | Single Family Home
3,020 sq ft; lot: 8276 sq ft
33
$409,000 For Sale
29181 Steamboat Drive
Menifee, CA 92585
4 beds, 3 baths | Single Family Home
2,723 sq ft; lot: 7405 sq ft
18
$409,000 For Sale
28211 Summitrose Drive
Menifee, CA 92584
2 beds, 2 baths | Single Family Home
2,228 sq ft; lot: 6534 sq ft
27
$374,900 For Sale
30092 Calle Belcanto
Menifee, CA 92584
4 beds, 2 full, 1 partial baths | Single Family Home
1,965 sq ft; lot: 6970 sq ft
30
$364,400 For Sale
40391 Calle Real
Murrieta, CA 92563
3 beds, 2 full, 1 partial baths | Condo/Townhouse
1,427 sq ft; lot: 1002 sq ft
27
$349,900 For Sale
36768 Torrey Pines Drive
Beaumont, CA 92223
4 beds, 3 baths | Single Family Home
1,974 sq ft; lot: 5663 sq ft
1
$299,900 For Sale
46975 De Portola
Temecula, CA 92592
lot: 22.14 acres | Residential Lots & Land
28
$299,000 New For Sale
30505 Canyon Hills Road #1204
Lake Elsinore, CA 92532
2 beds, 2 full, 1 partial baths | Condo/Townhouse
1,565 sq ft; lot: 540 sq ft
28
$299,000 For Sale
28089 Lemonwood Drive
Menifee, CA 92584
3 beds, 2 baths | Single Family Home
1,299 sq ft; lot: 4792 sq ft
24
$289,900 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
2
$284,900 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
2
$270,000 For Sale
26478 Olson Avenue
Homeland, CA 92548
3 beds, 2 baths | Manufactured Home
1,400 sq ft; lot: 19602 sq ft
5
$256,900 For Sale
26512 Leanor Street
Menifee, CA 92586
2 beds, 2 baths | Single Family Home
1,705 sq ft; lot: 15682 sq ft
36
$239,900 Active Under Contract
26422 Brandywine Court
Menifee, CA 92586
2 beds, 2 baths | Single Family Home
1,146 sq ft; lot: 9148 sq ft
18
$239,900 For Sale
26524 McCall Boulevard
Menifee, CA 92586
2 beds, 1 full, 1 partial baths | Condo/Townhouse
1,767 sq ft; lot: 3485 sq ft
Listings 1-20 out of 29 Previous 1 2           Next

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