Saturday, October 1, 2016

Today's Top Three Luxury Estates in San Diego, Los Angeles, San Francisco 
and Seattle Listed For Sale

                                           .                          
                                      
                                   "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

#1      150 Woodland  Brookline, MA 02467 with 8 bedrooms, 12 baths and 26,623 sq.ft. is listed for sale at $90,000,000.


Born from the desire for ultimate privacy with city accessibility, 14± acres of untamed scrub and ledge were assembled into a single property, entirely reclaimed from the wild and transformed into a breathtaking tapestry of rolling lawns, ponds, sculpted rock outcrops and a horticultural encyclopedia of specimen plantings. Five miles from central Boston, this emerald island rises between the surrounding Brookline Country Club and Putterham Meadows Golf Course. Turf walkways and pathways meander through this extraordinary landscape and the winding driveway provides a multi-step reveal of this unique estate and its residence. The curving façade of Indiana limestone creates a home of singular distinction. Every exterior and interior stone was individually hand drawn ensuring a flawless finish. The appearance of simplicity is the ultimate challenge, achieved by creative architecture, sophisticated engineering and generations of the finest craftsmen.






150 Woodland Rd, Brookline, MA 02467


#2      24860 Pacific Coast Highway, Malibu, CA 90265 with 6 bedrooms, 9 baths, and 10,000 sq.ft. is listed for sale at $30,000,000.

24860 Pacific Coast Hwy, Malibu, CA 90265

A spectacular contemporary bluff-estate in Malibu. Situated on a private 1.94-acre bluff, at the end of a gated tree-lined driveway. Enjoy sweeping ocean views from the moment one enters the foyer and stares down the 100-foot grand hallway. A peaceful interior offers Beaumaniere stone floors, dark wood, and walls that were hand-finished in white venetian plaster. Pocket doors throughout open to a lush tropical landscape with private steps leading down to Malibu Road. The exterior grounds feature an abundance of space for entertaining, with a pool, spa, bbq, and beautiful terraces with lounges. Perfect for casual indoor-outdoor living, this resort-like compound also features a state of the art tennis court, gym, guest-suite with its own entrance, staff quarters, and 6 luxurious bedrooms, including a his and hers master suite with a massage room, retreat, spa and fireplace.

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265

24860 Pacific Coast Hwy, Malibu, CA 90265



Today's Real Estate News 

Realtors: California home prices and sales expected to rise next year.

By Andrew Khouri 
Los Angeles Times

The  California housing market is expected to grow increasingly unaffordable next year, driving would-be home buyers away from high-cost coastal regions and toward the more inexpensive inland stretches of the state, according to an industry forecast.

The California Assn. of Realtors on Thursday predicted that sales will be more robust in the Central Valley and Inland Empire as families look for a home they can afford. And as more and more families struggle to afford a home, price increases are expected to be more muted than in years past. 

The state’s median price is projected to end this year at $503,900, up 6.2% from last year. In 2017, prices should climb 4.3% to $525,600. In contrast, sales this year are projected to inch down 0.4% from 2015

The high cost of housing in California has become a growing political issue within the state. And it has spurred calls for increased funding for subsidized housing, as well as efforts to loosen building regulations so the private sector can quickly construct more residential units.
This week, two studies — one from UC Riverside and another from UCLA — warned that the state’s housing shortage threatens to put a drag on economic growth.

Despite those and other fears, the Realtors association predicted that the economy will keep improving and produce enough demand to nudge statewide home sales up 1.4%, compared to 2016.In contrast, sales this year are projected to inch down 0.4% from 2015.

“The underlying fundamentals continue to support overall home sales growth, but headwinds, such as global economic uncertainty and deteriorating housing affordability, will temper stronger sales activity,” the association’s chief economist, Leslie Appleton-Young, said in a statement.


Today's Top Three San Diego Luxury Estates
sandiegorealestateflashreport.com



Image result for san diego skyline art

The median home value in San Diego County is $516,200. San Diego County home values have gone up 5.2% over the past year and Zillow predicts they will rise 1.9% within the next year.         

The median home value in La Jolla is $1,685,000. La Jolla home values have gone up 6.1%  over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Rancho Santa Fe is $2,727,800. Rancho Santa Fe home values have declined -0.5% over the past year and Zillow predicts they will rise 1.9% within the next year

#1     2508 Ocean Front, Del Mar, CA 92014 with 5 bedrooms, 4 baths, and 2,519 sq.ft. is listed for sale at $11,250,000

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

First time ever on the market! Located on Del Mars gorgeous white sandy beach, this home offers everything a beach house should with 35 frontage feet on the sand! The Great Room with fireplace and the Master Suite both front the ocean. Four additional generous sized bedrooms, and 2 car garage plus 3 additional parking spaces allows room for plenty of family and friends. Walk along the shore to abundant options for fine dining and shopping.

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618

2508 Ocean Front, Del Mar, CA 92014 Home For Sale - MLS #160053618





















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#2      14296 Dalia, Del Mar, CA 92014 with 6 bedrooms, 6 baths, and 7,685 sq.ft.
 is listed for sale at $4,995,000


Utter bliss in this exquisite, newly reconstructed home. A perfect blend of modern and traditional, using top grade materials and chic finishes, creating a warm, inviting living environment. The bright open floor plan offers 6 generous bedroom suites, Office / library w/Golf Course Views, disappearing Pocket Doors provide access to outdoor entertaining with beautiful limestone patios, beautiful chefs kitchen ,high-end designer details , First Floor grand master suite, Detached Guest Home, Yard with space.







#3    2230 Via Lucia, La Jolla, CA 92037 with 5 bedrooms, 4 baths, and 4,232 sq.ft. is listed for sale at $2,950,000.

2230 Via Lucia, La Jolla, CA 92037

Lovely renovated single level Spanish style residence in La Jolla Alta North. Large level lot affords privacy and quiet. Formal entry opens into wood beamed vaulted ceiling living room w/fireplace and formal dining area. Gourmet kitchen with granite counters opens to vaulted ceiling great room. Oversize master suite with fireplace, library, his and hers walk-in closets, Jacuzzi tub, and  shower. Floor surfaces include paver tiles and carpet. Numerous French doors throughout. Pool/spa BBQ area outdoors.

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037

2230 Via Lucia, La Jolla, CA 92037



Today's Top Three San Francisco Luxury Estates
sanfranciscorealestateupdates.com


The median home value in San Francisco is $1,104,000. San Francisco home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.4% within the next year. 

The median home value in Sausalito is $1,203,400. Sausalito home values have gone up 6.6% over the past year and Zillow predicts they will rise 0.9% within the next year. 

The median home value in Tiburon is $2,360,800. Tiburon home values have gone up 2.6% over the past year and Zillow predicts they will fall -0.0% within the next year.

The median home value in Saratoga is $2,331,600. Saratoga home values
have gone up 1.1% over the past year and Zillow predicts they will fall -1.1% within the next year.

#1      2526 Francisco Street, San Francisco-Marina, CA 94123 with 5 bedrooms, 
3 baths, and 3,945 sq.ft. is listed for sale at $6,200,000. 

2526 Francisco St, San Francisco, CA 94123

This five bedroom, 4.5-bathroom home is a contemporary masterpiece! Wonderful features include an entirely open living level leading out onto a deck and lush garden, a stunning master suite, views of the Palace of Fine Arts, and gorgeous designer finishes throughout this lovely home, set in a great Marina location

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

2526 Francisco St, San Francisco, CA 94123

 #2        13686 Page Mill Road, Los Altos Hills, CA 94022 with 5 bedrooms, 7 baths, 
and 5,250 sq.ft. is listed for sale at $6,295,000

13686 Page Mill Rd, Los Altos Hills, CA 94022

Attention to detail and elegant contemporary finishes exemplify this newly finished home with 5 bedrooms each with en-suite baths and 2 elegant powder rooms, open floor plan with a spacious dining/living room and family room/kitchen/nook combination opening to the outdoor California Room with fireplace; gourmet kitchen features custom wood cabinets, large island with Calcutta Gold marble slab, complimented by Caesarstone countertops and professional Thermador stainless steel appliances; exquisite Porcelanosa tiles throughout, wide plank European Oak floors, Pella Designer Series triple pane windows; Fleetwood sliding doors opening the indoor space to the thoughtfully designed outside covered patios. Flat, almost one acre property is gated and fully landscaped. An expansive and private backyard features a patio with built-in gas barbeque, and a 40 foot solar-heated swimming pool with waterfall and spa, perfect for entertaining.

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

13686 Page Mill Rd, Los Altos Hills, CA 94022

#3       24801 Prospect Avenue, Los Altos Hills, CA 94022 with 6 bedrooms, 8 baths, and 10,229 sq.ft. is listed for sale at $10,988,000

24801 Prospect Ave, Los Altos Hills, CA 94022

Grand and luxurious Mediterranean estate in an exclusive Los Altos Hills neighborhood with 360 degree views of the San Francisco Bay, the Silicon Valley, and City Lights.  This inspiring estate is set on 1.35 pristine view acres with plenty of flat open space to add a tennis court or an expansive lawn area. Superior attention to details to this estate with an enormous great room, fantastic bonus/billiards room, secondary entertaining kitchen, home spa with steam room and dry sauna, home theater, formal library, and  enormous bedroom suites each with full bathrooms.  Two sets of dramatic sweeping spiral staircases with massive marble steps and designer wrought iron railings are the center piece*12 foot Cantera front door makes a bold impression*Infinity edged pool and spa with spectacular San Francisco Bay and City Light views.  Massive marble slab flooring in the entry, kitchen, and master bathroom. Enormous epicurean kitchen quality appliances, marble counters, and designer cabinets make this the perfect state for you.

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022

24801 Prospect Ave, Los Altos Hills, CA 94022


Today's Top Three LA Luxury Estate
larealestateupdates.blogspot.com



The median home value in Los Angeles County is $532,800. Los Angeles County home values have gone up 6.3% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Malibu is $2,500,600. Malibu home values have declined -0.8% over the past year and Zillow predicts they will fall -0.7% within the next year.

The median home value in Beverly Hills is $2,998,500. Beverly Hills home values have gone up 4.7% over the past year and Zillow predicts they will rise 0.2% within the next year.

The median home value in Bel Air is $3,118,800. Bel Air home values have gone up 3.8% over the past year and Zillow predicts they will rise 0.7% within the next year.

#1     9311 Readcrest Drive, Beverly Hills, CA 90210 with 6 bedrooms, 7 baths and 7,400 sq.ft. is listed for sale at $9,888,000


Newly built and set behind gates this striking Architectural home is sited and designed to maximize the spectacular views. A private drive and zen like cascading water features lead to a dramatic entry with soaring spaces and sliding floor to ceiling walls of glass. Unmatched for indoor/outdoor entertaining, with expansive decks, pool, spa and outside dining area. Top of the line finishes throughout. Stunning gourmet kitchen boasts a massive center island, wet bar, breakfast bar and sensational glass wine room. Four ensuite bedrooms on the top level include a gorgeous master suite with soak tub, double sinks, walk in shower and panoramic views. Other features include an office and downstairs theater. 3 car attached garage with additional parking. An entertainer's dream home and priced to sell! 








#2      2915 Patrici` Avenue, Cheviot Hills-Rancho Park, CA with 4 bedrooms, 4 baths, and 3,210 sq.ft. is listed for sale at $4,395,000.

2915 Patricia Ave, Los Angeles, CA 90064

Two-story Gerard Colcord masterpiece; an architectural triumph. This classical Spanish Colonial Revival- style home is beautifully restored to its original glamour. This home brings out trademark elements such as a gothic-arched door, white plastered walls, casement windows, tile roof, hardwood floors, exposed wood beams, wrought iron railings and a classic wood burning fireplace. This kitchen is now reimagined with new lacquered cabinetry and hand crafted custom tiles, top of the line appliances, transitioning to the breakfast area. All bathrooms were updated while maintaining the true style and glamour. The 2nd floor has a magnificent master bedroom, which leads to a balcony with stunning city views. Brickwork and hand-made terra cotta walkways with custom tiles. Garden highlighted by fruit trees and flowers. Private studio/guest house with new custom cabinets and hardwood floor
.
2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

2915 Patricia Ave, Los Angeles, CA 90064

#3        721 Beverly Drive, Beverly Hills, CA 90210 with 4 bedrooms, 5 baths, and 
5,540 sq.ft. is listed for sale at $9,350,000.

721 N Beverly Dr, Beverly Hills, CA 90210

One of few first homes built in flats of Beverly Hills, and once owned by actor Leslie Neilsen, the 1913 residence predates city's incorporation. Majestic shingled chalet-style tennis court estate, sitting on well over half an acre lot. This property was completed a year before the incorporation of the City of Beverly Hills (property is not historical). Gleaming original hardwood floors, high ceilings, wide hallways lead to voluminous formal living and dining rooms, lit by long expanses of windows. A step-down family room opens to a brick-paved, glass-ceilinged solarium/sun room. Cozy den also has a fireplace. 4 large master-suites upstairs, all with spacious walk-in closets. Master suite also has an enormous view terrace, looking out to the entertainment area in the backyard, an oversized pool and a lighted tennis court. In addition, there is a full guest house complete with its own kitchen, fireplace and skylights. Fronted by a sweeping lawn, with circular driveway and covered portico.

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210

721 N Beverly Dr, Beverly Hills, CA 90210


Today Top Three Seattle Luxury Estates
seattleluxuryrealestateupdates.com


The median home value in Kirkland is $576,800. Kirkland home values have gone up 14.6%  over the past year and Zillow predicts they will rise 7.1% within the next year. 

The median home value in Seattle is $592,200. Seattle home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $730,000. Bellevue home values have gone up 13.6% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Mercer Island is $1,240,400. Mercer Island home values have gone up 12.2% over the past year and Zillow predicts they will rise 6.4% within the next year.

The median home value in Clyde Hill is $2,200,500. Clyde Hill home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.5% within the next year. 

The median home value in Medina is $2,389,900. Medina home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.1% within the next year. 


#1     8233 W Mercer Way, Mercer Island, WA 98040 with 5 bedrooms, 7 baths, and 10,030 sq.ft. is listed for sale at $13,000,000.

























East Coast Cool on the Westside. Crisp and classic style awaits at this expansive waterfront estate with 100 ft, private dock & seaplane lift. Soaring ceilings give an airiness and volume to each room. Awash in sunlight, the entertaining spaces capture lake views. All bedrooms ensuite. A luxurious master suite is its own private getaway. Outdoor living and a veranda for summer afternoons to fall dinners to Superbowl Sunday & beyond. Guests will enjoy staying in the separate lighthouse retreat.






















































































#2     15528 SE 53rd Place, Bellevue, WA 98006 with 4 bedrooms, 5 baths, and 
5,551 sq.ft. is listed for sale at $2,088,000.

15528 Se 53rd Pl, Bellevue, WA 98006


Panoramic unobstructed views! Climb to a mountain peak for a once in a lifetime view or live it here everyday! All bedrooms are en suite. All levels have big views! Guest suite has its own entry path from garage. Peaceful orientation just steps from the summit high point. Homes original owners have taken great care of this treasure. Private neighborhood club available for your celebrations also offers tennis, swimming, & community events. Experience one of the summits finest views!

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

15528 Se 53rd Pl, Bellevue, WA 98006

#3        2424 Magnolia Blvd. W, Seattle-Magnolia, WA 98199 with 4 bedrooms, 3 baths, and 4,320 sq.ft. is listed for sale at $1,999,000.



Spectacular views of the Puget Sound, Mt. Rainier, andthe Olympics await at this spacious home located on Magnolia BLVD. Recently updated, the home features hardwood floors, views from almost every room, and 2 full kitchens. The main floor master suite features chic his & her closets & a large bathroom. An elegant formal living room with fireplace flow graciously into the formal dining room. MIL Suite with separate entry. Marvelous home on a prominent street just waiting for your personalization





Today's Mortgage Rates                                                                     12 months

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.39%3.39%--3.34%4.11%
15 Yr FRM2.73%2.73%--2.69%3.30%
FHA 30 Year Fixed3.25%3.20%+0.053.15%3.75%
Jumbo 30 Year Fixed3.53%3.52%+0.013.41%3.93%
5/1 Yr ARM2.84%2.80%+0.042.80%3.10%
Updated: 9/30/16 1:59 PM
Mortgage Rates Mixed, But Closer to Recent Lows
Sep 30 2016, 3:47PM


Mortgage Rates were mixed today, with some lenders in slightly weaker territory while others offered modest improvements versus yesterday.  The dichotomy has to do with the timing of yesterday's market movements.  Bond market began the day in weak territory yesterday but improved noticeably by the end of the day.  Some lenders sent out updated (better) rate sheets while others stood pat.  Lenders whose rates increased today tended to come from the group that offered improvements yesterday afternoon.  Long story short, there was a brief window of the week's best rates for some lenders yesterday with everyone getting mostly back on the same page today.

Fortunately, that page is still a good one.  While rates aren't quite as low as they were earlier this week, they're still much lower than they were earlier this month.  3.375% is still the most prevalent conventional 30yr fixed quotes on top tier scenarios.  That's the lowest stably-held rate of all time (there have been lower rates, but only for a few days here and there), even though the upfront costs are slightly higher than they were in early August.  That's splitting hairs though!  The point is that, unless you're examining day-to-day rate movement under a microscope, rates have been holding steady near all-time lows.

Loan Originator Perspective


If you missed this morning's opportunity to lock and your lender has already repriced for the worse, here is what i would advise.  If the 10 year closes at or below 1.60 i would float until Monday.  If your lender hasn't repriced worse or if we close over 1.60, I would lock in today if closing within 30 days.   -Victor Burek, Churchill Mortgage

MBS prices have remained at the recent highs, which are not far off from all time highs.  I would strongly consider taking the risk off the table and locking in at these levels, even though I am tempted to float the weekend and see how the Deutsche Bank drama plays out.  Today closes the month and the quarter, and we now look to December for a possible Fed rate hike.  We may not be at the lowest rates ever, but we sure are close.  Trying to catch a falling knife is never easy, and can be extremely painful if mistimed. -Gus Floropoulos, VP, The Federal Savings Bank

Friday afternoon saw treasury yields back at 1.60, which is exactly where we started Monday.  The last trading day of the month often sees bonds rally due to portfolio requirements, but today seems to be an exception.  Like much of the past few months, both treasuries and MBS seem content at current levels.  I don't see a great deal of potential in floating, if the news of possible German bank defaults didn't boost bonds, not sure what will.  Float with caution, or lock and relax.  Happy Friday! -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 3.375%
  • FHA/VA - 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.  Most importantly, have a great day!

    Tom Furino

    email:                 furtree@msn.com 
    phone/text        619-944-8749