Saturday, November 19, 2016


Today's Top  Luxury Estates in Los Angeles, Phoenix, San Diego, 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" 
is an abstract noun derived from the verb manere "to dwell". he 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.

The exact definition of the word “mansion” varies but in U.S. real estate terms, it’s 
generally defined as a single family residence of more than 8,000 square feet. The 
Merriam-Webster Dictionary just calls it “a large and imposing residence.” Either way, 
these sizeable dwellings are undoubtedly some of the most beautiful and 
celebrated examples of residential architecture.

Today's Best Mansions 

#1      156 Emerald Bay, Laguna Beach, CA 92651 with 5 bedrooms, 5 baths and 
3,920 sq.ft. is now reduced from $35,000,000 to $28,000,000.


This oceanfront estate parcel is on the sand in the esteemed private community of Emerald Bay. Held in the same family since 1932, ‘EL PARADOR' presents a rare opportunity to buy the "best of the best" as the original owner had her choice of most any position on this scenic cove. The current offering was assembled in a recent merger of the original lot #156 with a substantial portion of the former lot #120, creating the newly expanded parcel #156; now the single largest on the oceanfront in all of Emerald Bay. It features a private beach area with almost 70' of frontage at the quiet western end of the cove, as well as a sand-front cabana and large entertaining terrace. The existing, 1930's California colonial style home serves as a comfortable beach getaway. Alternatively, one could build new and create a home of 13,000 square feet or larger, with an oceanfront swimming pool, and direct walk-out-on-the-sand access from a beachfront cabana and terrace. The gently sloping topography will allow for an exceptionally livable new plan with all floors taking in ocean views. Street to street access allows for an oversized multi-car subterranean garage. The cove, coastline, ocean and nightlight views are beyond compare, as is this irreplaceable opportunity.











#2     11882 State Highway 75, Ketchum, ID 83340 with 7 bedrooms, 10 baths, 
and 14,829 sq.ft. is listed for sale at $17,500,000


Frederick Fisher designed modern architectural estate on the Bigwood River. Dream
 home for collectors with dedicated gallery and dramatic art spaces.Totally private 
18 acre estate tucked in aspen forest with paths to river for fly fishing. Designed for 
casual lifestyle and gracious entertaining. Just minutes to airport, skiing, resort
 amenities in a protected natural environment. Adjacent 33 ac available. 












Today's Top Real Estate News 

Single-Family Home Size Trending Lower

After increasing and leveling off in recent years, new single-family home size continued to trend lower during the third quarter of 2016. This ongoing change marks a reversal of the trend that had been in place as builders focused on the higher end of the market during the recovery. As the entry-level market expands, including growth for townhouses, typical new home size is expected to decline.

According to third quarter 2016 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area was effectively unchanged at 2,402 square feet for the third quarter. Average (mean) square footage for new single-family homes fell from 2,620 to 2,602 square feet.

On a less volatile one-year moving average, the recent trend of declines in new home size can be see on the graph above, although current readings remain elevated. Since cycle lows (and on a one-year moving average basis), the average size of new single-family homes is 11% higher at 2,639 square feet, while the median size is 15% higher at 2,424 square feet.

The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions. Typical new home size falls prior to and during a recession as some home buyers tighten budgets, and then sizes rise as high-end homebuyers, who face fewer credit constraints, return to the housing market in relatively greater proportions. This pattern was exacerbated during the current business cycle due to market weakness among first-time homebuyers. But the recent small declines in size indicate that this part of the cycle has ended and size should trend lower as builders add more entry-level homes into inventory.

In contrast to single-family patterns, new multifamily apartment size is down compared to the pre-recession period. This is due to the weak for-sale multifamily market and strength for rental demand.



Today's Top LA Luxury Estates
larealestateupdates.blogspot.com

http://www.annenbergtvnews.com/images/uploads/LOS_ANGELES_SKYLINE_PHOTO.jpg

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. Zillow predicts they will rise 0.9% within the 
next year

The median home value in Brentwood, 90049 is $2,302,200. Brentwood home values have
gone up 3.7% over the past year.  Zillow predicts they will rise 0.6% 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. 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 up 4.7% over the past year.  Zillow predicts they will rise 0.2% within the next year.


#1      33583 Mulholland Highway, Malibu, CA 90265 with 4 bedrooms, 5 baths, and 7,050 sq.ft. is listed for sale at $7,488,000.

33583 Mulholland Hwy, Malibu, CA 90265

Set to awe-inspiring ocean views and soaring sandstone mountain peaks, this striking home, built by world-renowned Architect Ed Niles, affords the rare opportunity to live within the majesty of nature's beauty while moments from the best of Los Angeles. With an abundance of glass supported by steel, the single story main residence takes in 360-degree views of its natural surrounds, with ceilings meeting the sky at a grand 22 feet. A secluded retreat, the 16-acre property is conveniently situated in the hills of Malibu on the infamous Mulholland Highway, and includes a working helipad to make travel a breeze. Adjacent the lower level swimming pool and sauna space with a separate entrance, a generous guest house, currently used as a music room, rounds out a total of approximately 7, 000 square feet of living space - destined to house the idyllic life you've always imagined.

33583 Mulholland Hwy, Malibu, CA 90265



33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

#2     14372 Mulholland Drive, Bel Air, CA 90077 with 6 bedrooms, 9 baths, and 
9,564 sq.ft. is listed for sale at $6,495,000

14372 Mulholland Dr, Los Angeles, CA 90077

Gated designer perfect chic Tuscan home with extraordinary views, large rooms, high ceilings and entertainers eat-in kitchen w/ oversized double islands. Grand double-height entry with sweeping staircase, exquisite master suite with commanding views and new modern his and her baths plus large walk-in closets. 3 additional suites up and guest room and maids down with giant media room w/bar, gym, sauna, and wine room. Luxurious pool area w/ spa, fire pit and kitchen. 3 car garage and elevator. All the amenities and exquisite finishes throughout. 

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077


Today's Top Phoenix/Scottsdale/Paradise Valley/Carefree Luxury Estates
phoenixluxuryestates.com

Image result for phoenix skyline photos

The median home value in Scottsdale is $416,600. Scottsdale home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.5% within the next year.

The median home value in Carefree is $737,400. Carefree home values have gone up 
3.0% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Paradise Valley is $1,639,200. Paradise Valley home values have  gone up 3.4% over the past year and Zillow predicts they will rise 2.3% within the 
next year.


#1     35237 N Ridgeway Drive, Carefree, AZ 85377 with 3 bedrooms, 5 baths, and 
7,706 sq.ft. is listed for sale at $3,500,000.

35237 N Ridgeway Dr, Carefree, AZ 85377


This stunning Carefree contemporary home has amazing views from every window! Located in the exclusive gated Grandview Estates, this award winning home has Bespoke Interiors built with the highest quality materials and craftsmanship available. Thoughtfully positioned in the natural boulders of Black Mountain, this 7706 sq. ft. masterpiece has multiple areas for entertaining. Accommodating interiors include a spacious home office featuring natural boulder outcroppings, as well as a separate loft work space. Warm interiors with custom cabinetry throughout, a Chef's kitchen with a stainless steel appliance package, a home theatre and a fitness room. The master wing is spacious and separated from the homes public spaces.

35237 N Ridgeway Dr, Carefree, AZ 85377
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35237 N Ridgeway Dr, Carefree, AZ 85377
.35237 N Ridgeway Dr, Carefree, AZ 85377
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35237 N Ridgeway Dr, Carefree, AZ 85377

35237 N Ridgeway Dr, Carefree, AZ 85377

35237 N Ridgeway Dr, Carefree, AZ 85377


#2      6005 E Sage, Drive, Paradise Valley, AZ 85253 with 6 bedrooms, 8 baths, 
and 8,901 sq.ft. is listed for sale at $5,000,000.


Nestled on the east side of Camelback Mountain, this Mediterranean Estate brings the charm of Old World European style to life! Custom built with the highest standard of quality and craftsmanship, this home provides comfort and luxury with captivating city and mountain views. From the minute you enter the dramatic foyer you will be stunned and amazed with every detail. My attempt to describe this home with words is simply inadequate. You must personally experience it for yourself in order to fully appreciate the expansive use of canterra stone throughout, the coffered ceilings, the repurposed ceiling beams in the family room, gourmet kitchen, separate entry guest quarters, resort style backyard, the list goes on. 










Today's Top 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.  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 Solana Beach, 92075 is $1,257,000. Solana Beach home values have gone up 2.6% over the past year and Zillow predicts they will rise 1.4% within the next year.


The median home value in Del Mar, 92014 is $1,602,400. Del Mar home values have gone up 2.6% over the past year and Zillow predicts they will rise 1.1% 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.  Zillow predicts they will rise 1.9% within the next year



#1      656 Lago Lindo, Rancho Santa Fe, CA 92067 with 5 bedrooms, 7 baths, and 10,329 sq.ft. is listed for sale at $8,450,000

6565 Lago Lindo, Rancho Santa Fe, CA 92067

Car lovers and equestrain lovers, views, privacy, and ultra luxurory amenities. A separate driveway leads to a 10+ car garage for the car enthusiast, loddon barn and equestrain set-up with tack, office, wash, hay storage and arena. Stunning custom, view estate with 4+ spacious suites in main home and 2 bedroom detached guest home with full kitchen.  Well water available.

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

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6565 Lago Lindo, Rancho Santa Fe, CA 92067
.6565 Lago Lindo, Rancho Santa Fe, CA 92067
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6565 Lago Lindo, Rancho Santa Fe, CA 92067
.6565 Lago Lindo, Rancho Santa Fe, CA 92067


#2      15839 The River Trail, Rancho Santa Fe, CA 92067 with 5 bedrooms, 7 naths, and 11,000 sq.ft. is listed for sale at $6,279,000

15839 The River Trl, Rancho Santa Fe, CA 92067

Talk about VALUE, this home can't be replaced at this low price, Come and See. This home (one of 14) is part of the gated and walled RSF River Estates where builders competed to create the most magnificent homes possible. It offers amenities like smart house technology, full exterior security cameras and lights, theater, top of the line audio-visual system, full outside living, pizza oven, kitchenette, resort pool, spa, and waterfalls.

15839 The River Trl, Rancho Santa Fe, CA 92067

15839 The River Trl, Rancho Santa Fe, CA 92067

15839 The River Trl, Rancho Santa Fe, CA 92067

15839 The River Trl, Rancho Santa Fe, CA 92067



Today Top Seattle Luxury Estates
seattleluxuryrealestateupdates.com

Image result for seattle skyline photos


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.  Zillow predicts they will rise 5.1% with in the next year.


#1     1112 Bigelow Avenue N, Seattle-Queen Anne, WA 98109 with 4 bedrooms, 
3 baths, and 4,080 sq.ft. isl listed for sale at $2,798,000.


On the ridge of paradise with absolutely stunning lake, city and mountain views! Chaffey Building Group unveils CityVue I, their newest luxury Kirkland residence. CBG's Signature quality sets a new standard for pride of ownership. You're in the driver's seat: Lutron RadioRa 2 (lighting), Sonos (music) and the security system operate from the wall-mounted iPad. Enjoy a tour, relax on the heated patio and soak in the views while learning about this legacy, northwest developer












#1     4445 Lake  Washington Blvd., Bellevue, WA 98006 with 3 bedrooms, 4 baths, and 7,190 sq.ft. is listed for sale at $5,450,000.


This unique gated estate rests on 94 of calming Lake Washington shore. Capture the sun-filled western facing views from expansive living room w/ dramatic floor to ceiling windows. This quintessential entertainment space boasts abundant onsite parking, a substantial wet bar w/ wine cellar, gaming area, private theater, weight room and rare 120 private dock w/ 2 boat lifts. Exceptional covered outdoor living area for 365 day entertainment and unobstructed lake views from nearly every room.









Mortgage Rates Daily Update                                                                   52 Week



ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.12%4.03%+0.093.34%4.12%
15 Yr FRM3.35%3.27%+0.082.69%3.35%
FHA 30 Year Fixed3.75%3.75%--3.15%3.75%
Jumbo 30 Year Fixed4.22%4.10%+0.123.41%4.22%
5/1 Yr ARM3.05%3.00%+0.052.80%3.10%
Updated: 11/18/16 3:01 PM
Rates Rip to Highest Levels Since July 2015
Nov 18 2016, 4:49PM


It was all pain, all the time for mortgage rates today.  Since the election, the average conventional 30yr fixed rate has risen roughly 0.5%, putting  November 2016 on a short list of 4 worst months in more than a decade.  Two of those months were back to back amid the  2013 taper tantrum and the other was at the end of 2010.  Let it be known that the recent surge in rates is more than a mere post-election knee-jerk.  Financial markets are fully repricing their expectations of the future, and we can't even begin to assess how that future might actually pan out until Trump takes office.  

In other words, buckle up for a higher mortgage rate environment.  Rates won't necessarily be immune from good days over the next few months, but I certainly wouldn't expect a quick, triumphant return to the promised land (rates from 2 weeks ago, and below) within the same time frame.   The most prevalent conventional 30yr fixed rate quote is now 4.125% on top tier scenarios, and more than a few lenders are already up to 4.25%.

If you're just getting caught up with the massive mortgage rate drama of the past week, here are the relevant recaps:

(11/9/2016)    Worst Day For Mortgage Rates in Over 3 Years(11/10/2016)  Mortgage Rate Pain on Par With Taper Tantrum(11/14/2016)  Mortgage Rates Skyrocket to 4%. New Normal?

Loan Originator Perspective


Another day, another set of multiple price worsen alerts.  Bonds' free fall continued today, and there's little evidence it will end soon.  This might sound familiar, but bears repeating.  THE TREND IS NOT OUR FRIEND, floating is a high risk, low reward proposition. -Ted Rood, Senior Originator

Bond markets have crossed specific thresholds that we were hoping would serve as resistance.  This causes major concern for loans not locked prior to the Trump effect in mortgage rates.  Is it time to abandon the float boat?  Is it time to eat the loss?  It very well may be.  The momentum is overwhelmingly against lower rates for now, and until that changes, rates are poised to continue to rise.  2.32 on the 10 YR treasury was my absolute max ceiling on floating, that has clearly not held up, and it looks like we will be closing above this pivot point.  The bears win this round.  -Gus Floropoulos, VP, The Federal Savings Bank

Today's Best-Execution Rates

  • 30YR FIXED - 4.125%
  • FHA/VA - 3.75-4.0%
  • 15 YEAR FIXED - 3.375%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • Rates have generally been trending higher since hitting all-time lows in early July, and exploded higher following the presidential election
  • Clearly-defined uptrends provide higher-than-average motivation to lock, especially when the pace of rising rates accelerates quickly
  • Risk-takers can try to time the dips in rates that may occur during that broader uptrend, but the reward for good timing generally isn't worth the risk in these situations
     
  • We'd need to see a sustained push back toward lower rates (something that lasts more than 1-3 days) before anything less than a cautious, lock-biased approach makes sense for all but the most risk-tolerant borrowers.
     
  • 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)

Today's  Best Real Estate Humor
                           
Image result for real estate cartoons



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
furtree@msn.com
619-944-8749