Saturday, September 3, 2016



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"Luxury Real Estate is defined as real property that has an appraised value of over
$1,000,000 in the United States."

"This varies greatly depending on the location. The classification also takes into account 
the presence of surrounding homes, amenities, views, waterfronts, absence of
crime-rate, industrialization or unwanted commercialization, customization of the home, 
and historical or architectural significance.

"A mansion is a large and stately dwelling."

"The word mansion derives through Old French from the Latin word mansio "dwelling", an abstract noun derived from the verb manere "to dwell". The English word "manse" originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way.  'Manor' comes from the same root—territorial holdings granted to a lord who would remain there—hence it is easy to see how the word 'Mansion' came to have its meaning.

"Windsor Castle located in Berkshire, England is the largest mansion in the world with around 484,000 sq.ft.



Today's Top Three Mansions Just Listed

#1      6106 Camino De La Costa, La Jolla, CA 92037 with 4 bedrooms, 4 baths, and 6,163 sq.ft. is listed for sale at $13,850,000.

6106 Camino De La Costa, La Jolla, CA 92037

Drop Dead,Crystal Clear Ocean Views from this magnificent Oceanfront Compound! Property has recently completed a drastic upgrade! Brand New Kitchen and great room, including moving structural Walls to open the panoramic views. Seamless glass railings, new windows and doors, a completely overhauled bonus room can be either a gym or game room. Expansive landscape and hardscape adds to the glamorous feel, Soaring Ceilings, top of the line finishes and it's proximity to the water could never be duplicated

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037

6106 Camino De La Costa, La Jolla, CA 92037


#2     300 Costanera Road, Coral Gables, Florida with 13 bedrooms, 15 bathrooms, and 21,042 sq.ft. is listed for sale at $27,260,000.

300 Costanera Rd, Coral Gables, FL 33143

Completed in May 2016 "Casa Costanera" is an impressive modern Mediterranean estate. Located in exclusive Cocoplum, this custom designed elegant home sits on a corner lot with 1.3 acres for maximum privacy and over 480ft of water frontage. Offering 21,042 sf of living space, this home features exceptional craftsmanship with designer interior finishes, commercial elevator, 3 kitchens, separate staff/guest quarters +more. Situated on Coral Gables waterway with direct access to Biscayne bay.

300 Costanera Rd, Coral Gables, FL 33143

300 Costanera Rd, Coral Gables, FL 33143

http://f20737e3753de1326341-f0ce4a7fae23457717e49ec03ba505e1.r29.cf1.rackcdn.com/A1906833_6.jpg

Image result for 300 costanera road, coral gables, florida interior photos

Image result for 300 costanera road, coral gables, florida interior photos

300 Costanera Rd, Coral Gables, FL 33143


300 Costanera Rd, Coral Gables, FL 33143


#3      411 Chain Bridge Road, McLean, VA with 12 bedrooms, 21 bathrooms, and 42,000 sq.ft. is listed for sale at $75,000,000



This cliffside mega mansion was the home of Jim Kimsey, the co-founder of AOL, who passed away earlier this year.  It was built in 2000 and features approximately 42,000 square feet of living space with 12 bedrooms, 15 full and 6 half bathrooms, foyer with staircase, 2-story great room, formal dining room, numerous other living rooms, gourmet kitchen, catering kitchen, wine cellar, gym, huge subterranean garage and more. There is also a Frank Lloyd Wright designed guest house adjacent to the home that features a living room, dining room, gourmet kitchen and library.m Outdoor features include a gated entrance, gate house, motor court, tennis court, terraces and an infinity edge swimming pool with spa.






























Today's Top Real Estate News

7 Best Things About Buying A House In The Fall
By Laura AgadoniTrulia

For the first time in recent history, October surpassed June as the most popular month to get married. And these autumn-loving brides may be on to something: Although the spring months are notoriously the best time to buy real estate (as well as have a wedding), fall may be the new ideal season to buy a home.
Hear us out: One obvious reason is that it’s easier to get from open house to open house without questioning if you’ll need an AC repair ASAP upon moving into that home for sale in Phoenix, AZ. Also, families on a mission to move into a new home before school starts are out of the picture. Besides these two more obvious reasons, here are seven expert insights on why you should consider a fall real estate purchase.
1. There’s less competition
Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale — and in some cases, there’s just as much inventory as there was during the spring and summer. “[Fall] means new inventory and repositioned old inventory that did not sell in the prime season,” says Wesley Stanton, a New York, NY, agent with The Stanton Hoch Team.

This puts you in a great position to negotiate. “Fall homebuyers should consider [making] lowball offers, followed by more aggressive negotiation,” says Brian Davis, a real estate investor and director of education at Spark Rental. Davis points out that many sellers are very motivated to sell before the holidays. If possible, buyers should let these sellers know that they can close before Thanksgiving  or before the school winter break.


  
2. Sellers are worn-out
Some sellers who put their homes on the market during the prime selling times of spring and summer might have been a tad overconfident by listing their homes for more than buyers were willing to spend. After months of no action, these sellers are often ready to make a deal. “Sellers who were unrealistic earlier in the year about price will now be more willing to reduce the price come fall,” says Thomas Miller, a Washington, DC, real estate agent. “Because there [are fewer buyers] and because the sellers are now eager to sell, they are more inclined to take the low offer than wait another six months for spring to come around.
3. Sellers are serious
Not all homes on the market in fall are summer leftovers. Some people need to sell in the fall because the timing is right. Maybe they were having a home built, and it’s now ready. Maybe they need to move because of a job. “The sellers with houses on the market in the fall tend to be serious,” says Sam Heskel, president of Nadlan Valuation, an appraisal management company in Brooklyn, NY. “That means sellers could be more open to negotiating and accepting a lower offer.”
4. You can take advantage of tax breaks
First-time homebuyers, take note: Although you can’t escape paying income tax, you can make a dent in what you owe when you become a homeowner. “Property tax and mortgage interest are both deductions you can take for your whole year’s worth of income, even if you closed on your home in December,” says David Hryck, a New York, NY tax adviser, lawyer, and personal finance expert. “Any payments that are made prior to the closing of the loan are tax-deductible. This can make a serious difference in the amount you owe the government at the end of the year.”
5. Fall is a safer time of year
Did you know that burglars have peak seasons? They do, says Sarah Brown, a home safety expert for SafeWise.com. “July and August are prime months for burglaries to take place,” she says. “Waiting until the fall [to buy] gives you an advantage when learning about a home and the neighborhood.” You’ll be settled in your home and can take precautions — like setting up that new alarm system — before the next burglary season rolls around. Note: Check Trulia’s local maps with the crime filter before you buy.
6. You’re the center of attention
Because spring and summer are ideal times to buy a home, real estate agents are usually busier then. And that could mean you might not always get the attention you want. This is also true for other professionals you’re working with to buy a house. “Service providers, such as mortgage lenders and title companies, are moving out of the summertime sales swamp and can often respond more quickly,” saysJohn Lazenby, president of the Orlando Regional Realtor Association inOrlando, FL.
The same goes for movers. “Because summer is the peak moving season, people often experience more delays and service issues, such as moving companies reaching capacity and running out of trucks to pick up shipments,” says Jack Griffin, president and chief operating officer of Atlas World Group. “The probability of experiencing a delay goes way down in the fall season.”
7. You can take advantage of end-of-year sales to outfit your home
There are bound to be improvements you’ll want to make after buying a house. You’ll also probably need to buy items to maintain your home, and if appliances weren’t part of the deal, you’ll need those too. Wouldn’t it be great to coordinate your home purchase with sales on items you’ll need? According to Consumer Reports, the calendar determines when it’s a good time to buy all sorts of consumer goods. In particular, September is a great time for buying carpet and paint. October means lawn mowers go on sale, and appliances and cookware are cheaper in November.




"Today's Top Three San Diego Mansions" Just Listed.
sandiegorealestateflashreport.com.

Image result for san diego skyline art


The median home value in San Diego County is $513,600 and is up 5.4% over the past year.  Zillow predicts it will rise 1.7% within the next year. 

The median home value in La Jolla is $1,665,500  and is up 6.1% over the past year.
Zillow predicts it will rise 1.8% within the next year. 

The median home value in Rancho Santa Fe is $2,736,700 and is up 1.3% over the past year. Zillow predicts it will rise 1.6% within the next year.


#1     6005 Avenida Cresta, La Jolla, CA 92037 with 7 bedrooms, 5 baths, and 
5,480 sq.ft. is listed for sale at $5,500,000.

6005 Avenida Cresta, San Diego, CA 92037



The Cresta, is an internationally published, award winning, ocean view home by renowned Architect/Developer, Jonathan Segal, FAIA. Situated at the top of a meandering entry sequence, the open air lounge space is shielded from public view by double height concrete panels on one side, the bulk of the house on the other, entirely cast in place concrete, its main characteristics are openness and extensive use of glass. Strategically placed operable glass flawlessly extends the indoors into the outdoors.

6005 Avenida Cresta, San Diego, CA 92037









6005 Avenida Cresta, San Diego, CA 92037


6005 Avenida Cresta, San Diego, CA 92037


6005 Avenida Cresta, San Diego, CA 92037

6005 Avenida Cresta, San Diego, CA 92037

6005 Avenida Cresta, San Diego, CA 92037


#2       14771 Roxbury Terrace, Rancho Santa Fe, CA 92067 with 7 bedrooms, 11 baths, and 11,997 sq.ft. is listed for sale at $7,750,000.

14771 Roxbury Ter, Rancho Santa Fe, CA 92067

Roxbury Estates is considered one of the most exclusive communities in the Rancho Santa Fe area. This custom mansion with its luxury amenities on 2.39 acres, offers an upscale lifestyle in a gated community catering to the most discerning home buyers. This home includes 5 en-suite bedrooms 6 full baths 3 half baths, 6 fireplaces with custom surrounds, an office, home theater, pool room, teen game room and separate 2 bedroom guest house spread out gracefully over nearly 12,000 square feet of living space.

14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


14771 Roxbury Ter, Rancho Santa Fe, CA 92067


#3       1222 Muirlands Vista Way, La Jolla, CA 92037 with 5 bedrooms, 6 baths, and 5,354 sq.ft. is listed for sale at $4,150,000

1222 Muirlands Vista Way, La Jolla, CA 92037 Modal Gallery Photo#1

New construction! This home is nearing completion and is available for pre-sale, buyer could complete finishes or pick finishes and have seller complete project to your desire. Home will also be pre-wired for av throughout and pre-designed for solar. Imagine customizing your home with your choice of designer finishes. Entry floor master suite allows this home to live like a single level and with stunning ocean views on over a 1/3 acre lot, this brilliantly contemporary designed home is the pinnacle of luxury

1222 Muirlands Vista Way, La Jolla, CA 92037 Modal Gallery Photo#2


1222 Muirlands Vista Way, La Jolla, CA 92037 Modal Gallery Photo#3


1222 Muirlands Vista Way, La Jolla, CA 92037 Modal Gallery Photo#4

1222 Muirlands Vista Way, La Jolla, CA 92037 Modal Gallery Photo#6

"Today's Top Three San Francisco Mansions "Just Listed
sanfranciscorealestateupdates.com



The median home value in San Francisco is $1,106,400 and is up 1.3% over the past year. Zillow predicts it will go down - 0.4% within the year.

The median home value in Sausilito  is $1,204,600 and is up 8.3% over the past year. 
 Zillow predicts it will rise .5%  this year.

The medium home value in Tiburon is $2,350,300 and is up 3.7% over the past year. Zillow predicts it will rise 0.2% this year 

The median home value in Saratoga is $2,343,100. Saratoga home values have gone up 2.1% over the past year and Zillow predicts they will go down (0.5)% within the next year.



#1      2855 Jackson Street #301, San Francisco-Pacific Heights, CA 94115 with
 4 bedrooms, 3 baths, and 2,055 sq.ft. is listed for sale at $2,795,000.

2855 Jackson St Apt 301, San Francisco, CA 94115


Gorgeous and sophisticated, situated on the top level, half floor rare residence The 6-unit building has been beautifully maintained, on a flat, tree lined street. Light filled spacious apartment to a DR and LR with east and south city views. LR features custom built-in bookcases, sliding glass doors which open to a small south balcony. DR features 2 new large beveled glass windows with an east City view. A bright gourmet kitchen features Snaidero cabinets, halogen cooktop, new double ovens, subzero refrigerator and a full size Maytag washer and dryer. Quiet, tranquil, south-facing master bedroom and office/bedroom with adjoining bath, 2 other BRs with baths. Large deeded storage and 1 car deeded parking. 

2855 Jackson St Apt 301, San Francisco, CA 94115

2855 Jackson St Apt 301, San Francisco, CA 94115

2855 Jackson St Apt 301, San Francisco, CA 94115

2855 Jackson St Apt 301, San Francisco, CA 94115

2855 Jackson St Apt 301, San Francisco, CA 94115

2855 Jackson St Apt 301, San Francisco, CA 94115

#2      1200 California Street #4C, San Francisco - Nob Hill, CA 94109 with 3 bedrooms, 3 baths, and 2,310 sq.ft. is listed for sale at $2,495,000.


1200 California St Unit 4 C, San Francisco, CA 94109

This fabulous classic 'C' plan home-like apartment is in a fabulous Nob Hill location. The master suite consists of a full bathroom and separate dressing room. Closet space abounds. There is a large 2nd bedroom & private bathroom. Entering the apartment itself, you arrive in a lovely foyer and then into a grand living room complete with enclosed wet bar. The two bedrooms mentioned above are down a hall to the left of the entryway. There is an adjacent dining room that opens into a covered sun-porch. The third bedroom/den is south facing and there is a full bathroom just off the hall. The view from this very special property is classic Nob Hill with a panorama of Grace Cathedral, down California Street.

1200 California St Unit 4 C, San Francisco, CA 94109

1200 California St Unit 4 C, San Francisco, CA 94109


1200 California St Unit 4 C, San Francisco, CA 94109

1200 California St Unit 4 C, San Francisco, CA 94109

1200 California St Unit 4 C, San Francisco, CA 94109

#3
     2830 Buchanan, San Francisco-Pacific Heights, CA 94123 with 5 bedrooms, 
5 baths, and 4,058 sq.ft. is listed for sale at $7,495,000.

2830 Buchanan St, San Francisco, CA 94123 Modal Gallery Photo#1

A top-of-the-line complete rebuild of a 1904 Edwardian sliced over 100 years off its effective age! This is a brand new house from the foundation up, built within the outer perimeter of the original. Four stories with an elegant staircase and an elevator serving all levels. Sweeping views from the top level - Palace of Fine Arts, Golden Gate Bridge, the Bay, Angel Island, Alcatraz, Russian Hill to Nob Hill. Gourmet kitchen with Aga range. Behind the two car s/s garage is a guest suite and a landscaped garden. The house offers much flexibility for modern living and high-tech media and communications features that reflect the careful planning that went into its construction. 

2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#10

2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#9


2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#16


2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#21


2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#26


2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#33


2830 Buchanan St, San Francisco, CA 94123 Main Gallery Photo#4

"Today's Top Three LA Mansions" Just Listed
larealestateupdates.blogspot.com




The median home value in Los Angeles County is $532,000 and has gone up 6.7% over the past year.  Zillow predicts they will rise 1.1% within the next year. 

The median home value in Malibu is $2,541,200 and has gone up 1.6% over the past year. Zillow predicts they will go down -0.3% within the next year.

The median home value in Beverly Hills is $3,027,200 and has gone up 6.3% over the past year. Zillow predicts they will rise 0.7% within the next year.

The median home value in Bel Air is $3,137,700 and has gone up 5.1% over the past year. Zillow predicts they will rise 0.5% within the next year.


#1     1932 Stradella Road, Bel Air, CA 90077 with 5 bedrooms, 5 baths, and 4,131 sq,ft, is listed for sale at $5,975,000.

1932 Stradella Rd, Los Angeles, CA 90077







Delight in the most stunning views of Stone Canyon reservoir, colorful canyons and downtown lights from this private and picturesque Bel Air home. Private, walled and gated for ultimate discretion, the 2 story grand entry leads to walls of glass overlooking the sprawling yard with Cypress trees and alluring resort-like pool and cabana, on an expansive 26,809 sq.ft.lot. The indoor outdoor flow and huge patio area are perfect for alfresco dining, entertaining or just catching your breath. The fine features of this home including high ceilings, a formal living room w/fireplace,formal dining room, kitchen w/center island breakfast bar, and breakfast/sitting area.On the first floor, you will find a cozy family room and a library/study w/fireplace and a small gym.The top floor master suite feels like a sanctuary replete w/a private balcony and stunning views, fireplace and walk-in closet. On the upper level, you will also find 3 additional bedrooms and 2 en-suite bathrooms.The story of this home is true privacy and ultimate tranquility on one of the most coveted Bel Air streets, yet minutes from Sunset Blvd and Beverly Hills. 

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077

1932 Stradella Rd, Los Angeles, CA 90077


#2     928 N Beverly Drive, Beverly Hills, CA 90210 with 4 bedrooms, 4 baths, and 4,513 sq.ft. is listed for sale at $8,499,000.

928 N Beverly Dr, Beverly Hills, CA 90210

Updated Spanish home tucked on a park-like, private grounds with a sparkling pool is a perfect house for California indoor, outdoor living just minutes from dining and shopping. The grand living room with fire place and French windows opens to the backyard. Cozy up by the second fireplace in the den or dinners in the spacious dining area. Large kitchen with center island and breakfast area. second floor has a large master suit with his and hers baths and 2 spacious kid's bedrooms. A family room upstairs completes this wonderful house

928-NorthBeverly-Dr05


928-NorthBeverly-Dr07


928-NorthBeverly-Dr08


928-NorthBeverly-Dr10


928-NorthBeverly-Dr12


928-NorthBeverly-Dr01


#3    6453 Guernsey Avenue, Malibu, CA 90265 with 4 bedrooms and 4 baths is listed for sale at $6,750,000.

6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#17

Rare, coveted, gated bluff property with an artfully-designed, completely custom 3 bedroom 2.5 bath luxury home and separate 1br guest house across from the beach. Meticulous attention to detail by renowned builder scott gillen/unvarnished, offering unabashedly beautiful living quarters & unrivaled white water views. Stretching walls of glass, glorious outdoor patios and a sparkling swimming pool overlook the ocean, breaking surf, dancing dolphins and stunning sunsets. The sprawling, single-story living/entertaining space is impeccable, abounding with natural light and thoughtful custom details. The expansive great room and indulgent master bedroom suite - both showcasing breathtaking whitewater ocean views - open to the spacious outdoor patio and lovely pool area, affording seamless indoor-outdoor enjoyment. The discerning chef will marvel at the immaculate custom dream kitchen with every bell and whistle. This unique and exclusive home with a 2-car garage is truly a work of art.

6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#4


6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#12


6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#13


6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#24


6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#28


6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#33


6453 Guernsey Ave, Malibu, CA 90265 Main Gallery Photo#3


"Today Top Three Seattle Mansions" Just Listed 
seattleluxuryrealestateupdates.com




The median home value in Kirkland is $571,000. Kirkland home values have gone up 14.5% over the past year and Zillow predicts they will rise 6.7% within the next year. 

The median home value in Seattle is $588,000. Seattle home values have gone up 15.7% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $723,400. Bellevue home values have gone up 13.2% over the past year and Zillow predicts they will rise 5.8% within the next year. 

The median home value in Mercer Island is $1,236,700. Mercer Island home values have gone up 12.6% over the past year and Zillow predicts they will rise 6.5% within the next year.

The median home value in Clyde Hill is $2,178,600. Clyde Hill home values have gone up 9.6% over the past year and Zillow predicts they will rise 5.2% within the next year. 

The median home value in Medina is $2,354,100. Medina home values have gone up 11.0% over the past year and Zillow predicts they will rise 5.0% within the next year.


#1     1026 106th Avenue SE, Bellevue, WA 98004 with 3 bedrooms, 4 baths, and 
3,645 sq.ft. is listed for sale at $2,185,000.

1026 106th Ave Se, Bellevue, WA 98004

Modern living and distinctive design handcrafted by JBX Homes. Luxury amenities include gourmet kitchen, quartz counters and waterfall island, under-cabinet lighting, African hardwood floor, theater/media room wired for projector with wet bar, dining room and covered deck. Master Bath with heated bath floor, suspended cabinetry, quartz counters and bench, freestanding soaking tub, and oversized shower with frameless glass. Quiet lane with easy access to Downtown Bellevue and Kirkland.


1026 106th Ave Se, Bellevue, WA 98004


1026 106th Ave Se, Bellevue, WA 98004

1026 106th Ave Se, Bellevue, WA 98004

1026 106th Ave Se, Bellevue, WA 98004


1026 106th Ave Se, Bellevue, WA 98004

#2      14401 SE 55th Street, Bellevue, WA 98006 with 4 bedrooms, 3 baths, and 
3,240 sq.ft is listed for sale at $2,268,000.

14401 SE 55th St, Bellevue, WA

Iconic mid-century modern architecture above the clouds with 180-degree views. Meander through fresh blooms & lush gardens down the brick pathway to this memorable Fred Bassetti home. Timeless remodeled kitchen by Henrybuilt with bamboo finishes and clean lines. Soak in views w/walls of windows in the bedroom, kitchen & great room. Upper apartment is open & bright w/views of the gardens, lake and Mt Rainier. Enjoy privacy in this renowned Hilltop community: pool, tennis court, 4 acre park and nature trails

14401 SE 55th St, Bellevue, WA


14401 SE 55th St, Bellevue, WA


14401 SE 55th St, Bellevue, WA


14401 SE 55th St, Bellevue, WA


14401 SE 55th St, Bellevue, WA

14401 SE 55th St, Bellevue, WA


14401 SE 55th St, Bellevue, WA


14401 SE 55th St, Bellevue, WA


#3     2615 43rd Avenue W, Seattle-Magnolia, WA 98199 with 3 bedrooms, 4 baths, and 6,320 sq.ft. is listed for sale at $2,295,000

2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#1

Tranquil in-city oasis awaits you in this gorgeous 1930 Federal Brick Magnolia home. Over 4000 SF of livable space. Entertain in style in the formal dining w/butler's pantry, spacious living room with dual fireplace in library/den/office w/ wet bar. A large terrace patio adjoins the master en-suite w/gas fireplace. Bonus room above garage is used as work-out / spa area. Upper office has custom built-ins and small patio. Private, 1/3 acre manicured park like grounds. Truly a majestic home.

2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#2


2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#4


2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#6


2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#9


2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#22


2615 43rd Ave W, Seattle, WA 98199 Modal Gallery Photo#24


Today's Mortgage Rates

  • 30YR
    3.42%
    (0.00)
  • 15YR
    2.76%
    (0.00)
  • FHA
    3.25%
    (0.00)
  • Jumbo
    3.53%
    (0.00)
  • 5/1ARM
    2.85%
    (0.00)s

\

\
Rates as of: 9/2/16
Mortgage Rates Remain Near Recent Highs After Jobs Report
Mortgage Rates were steady to slightly higher today, depending on the lender--a relative victory considering the potential volatility associated with today's jobs report.  Though bigger bullets may have been dodged, the lack of improvement means rates remain near their highest levels in several weeks--potentially on the verge of the next "directional trend."  What's a directional trend?  Just a fancy way of labeling the phenomenon where rates are moving either higher or lower fairly consistently.  In stark contrast, the past 2 months have been almost completely directionless--a "sideways trend" if you will.

When it comes to financial markets, these sorts of sideways trends--especially those that bring rates into anincreasingly narrow range--tend to resolve with the beginning of the next big push higher or lower.  At the moment, rates are just on the upper edge of exactly that sort of consolidative range.  That makes it just a bit more likely that the inevitable "next move" will be toward higher rates.  

We'll cross that bridge when/if we come to it though.  For now, even at the highest recent levels, rates are still exceptionally low in a historical context.   Most lenders continue quoting conventional 30yr fixed rates of 3.375-3.5% on top tier scenarios.

Loan Originator Perspectives


Jobs report was a little weaker than expected which usually results with bonds holding ground or rallying.  I am not a fan of locking on Fridays, and especially not a fan of locking on a Friday ahead of a 3 day weekend.  If you floated into today's data, I would float to Tuesday and evaluate pricing then.  -Victor Burek, Churchill Mortgage

We wondered if August's NFP report would motivate bonds out of their narrow trading range, and the answer was NO.  The report missed expectations slightly, but rates still rose a bit.  Bond trading desks were likely abandoned by noon, and any movement this PM should be inconsequential.  We are now near the top of our 1.50-1.60% treasury range, if it remains intact, pricing next Tuesday may improve, at least marginally.  Lock/float still remains a toss up, but only float if you won't lose sleep worrying about your rate.  -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 3.375 - 3.5%
  • FHA/VA - 3.0 - 3.25%
  • 15 YEAR FIXED - 2.75%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • In the biggest of pictures, "global growth concerns" remain the driving force behind the long-term trend toward lower rates
  • Amid that trend, periodic corrections toward higher rates can and will happen.  These can happen for no apparent reason, or they can be brought on by changes in expectations surrounding central bank policy at home and abroad, as well as geopolitical and systemic risks
  • Time horizon and risk tolerance are 2 variables to consider when it comes to locking.  If you have plenty of time and don't mind losing some ground, set a limit as to how much higher rates could go before you'd lock to avoid further losses, and then float in the hopes of never seeing that limit.
     
  • In the shorter-term, it's always good to look for lock opportunities after rates have been moving lower or sideways repeatedly, especially if they've since begun to move back up in any sort of consistent way.
     
  • As always, please keep in mind that the rates discussed generally refer to what we've termed 'best-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also 'bang-for-the-buck.'  Generally speaking, our best-execution rate tends to connote no origination or discount points--though this can vary--and tends to predict Freddie Mac's weekly survey with high accuracy.  It's safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie's once-a-week polling method). 
    Thanks for reading today's Blog. Looking for more information? Have a comment? Call or email me.


    Sincerely,

    Tom


    Phone/Text:        619-944-8749
    Email:                  furtree@msn.com