Wednesday, November 2, 2016

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

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                                   "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.

Image result for windsor castle

Windsor Castle located in Berkshire, England is the oldest and largest mansion in the world with around 484,000 sq.ft  It has been the family home of British kings and queens for almost 1,000 years. It is an official residence of Her Majesty The Queen. The Castle is used regularly for ceremonial and State occasions. It is here that The Queen often hosts state visits from overseas Monarchs and Presidents. 

Today's Top Three Mansions 

#1   1111 Lakeside, Bellevue, WA 98005 with 5 bedrooms, 9 baths, and 15,975 sq.ft. 
is listed for sale at$15,000,000. 



Outstanding execution of this gated Bridle Trails estate. Dramatic 2-story entrance boasting exquisite marble, granite and Onyx all gleaming from floor to pillar. Remarkable indoor pool/spa with awe-inspiring mosaic walls. Spacious ensuite bedrooms. Incomparable indoor/outdoor entertainment space w/Nano doors and gorgeous East facing views. Distinctive Italian fountains among completely private and manicured lush grounds. Proudly one of the Northwest's most spectacular in innovation, design and style.














































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1174 N Hillcrest Rd, Beverly Hills, CA 90210



#2     1173 North Hillcrest Road, Beverly Hills, CA 90210 with 3 bedrooms, 5 baths, and 5,387 sq.ft. is listed for sale at $30,000,000.

1174 N Hillcrest Rd, Beverly Hills, CA 90210

Perched on a 1.18-acre promontory in a quiet cul-de-sac, this French Regency with sweeping city-to-ocean views presents a unique opportunity to customize a stunning estate, once the home of Elvis Presley, in the exclusive enclave of in Trousdale Estates. Set behind gates, a long driveway and four-car motor court lead to the newly renovated home with an attached guesthouse. Spectacular bones boast spacious interiors magnified by high ceilings, hardwood floors, and floor-to-ceiling windows that let in abundant natural light. A luxurious master suite, skylights, fireplaces and coffered ceilings are complemented by updates such as stainless steel appliances, new flooring, and upgraded electrical. Indoor-outdoor living and entertaining space is offered throughout a patio featuring a fireplace, resurfaced pool and spa, and lush lawns, set against breathtaking panoramic vistas. Enjoy an unrivaled opportunity to tailor and personalize this magnificent estate at the top of Beverly Hills.

1174 N Hillcrest Rd, Beverly Hills, CA 90210

1174 N Hillcrest Rd, Beverly Hills, CA 90210

1174 N Hillcrest Rd, Beverly Hills, CA 90210

1174 N Hillcrest Rd, Beverly Hills, CA 90210


#3     1270 Shadow Hill Way, Beverly Hills, CA 90210 with 7 bedrooms, 10 baths, and 8,685 sq.ft. is listed for sale at $29,500,000.


Rare opportunity to acquire Tim Morrison's latest architectural triumph. Spanish Revival estate captures soul and spirit of California's most prestigious homes built during Golden Age of Architecture. N of Sunset in prime Beverly Hills and situated at the end of a long driveway on a private promontory, this estate overlooks breath-taking views from Ocean to Downtown and captures pastoral views of Hills and Franklin Canyon. Property is finished in the finest quality and taste, with excellent space and scale, and spectacular uses of marble finishes. Main residence includes superb master with incredible views, sitting rm, dual baths/dressing rooms. 3 additional bdrm suites complete top floor. Lower level offers chef's kitchen with eating area, butler's pantry, family room, formal living and dining rms, study, guestsuite and maids. Guesthouse with large bdrm suite. 3-car garage and ample space for parking in motor court. Private and lush grounds feature gorgeous shell shaped pool and decks, with stunning views.

















Today's Real Estate News

Home Equity Wealth Doubled In Last 5 Years

By Kelsey Ramirez
HousingWire
Wooden block house on money

Home prices increased in September year-over-year and month-over-month, a trend that brought home equity wealth significantly higher over last five years, according to the latest Home Price Index and HPI Forecast released by CoreLogic. CoreLogic predicts another $1 trillion increase in 2017

Home prices, including prices on distressed sales, increased 6.3% from last September, and 1.1% from August 2016, according to the HPI.

HPI
(Source: CoreLogic)

“Home-equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices,” CoreLogic Chief Economist Frank Nothaft said. “Nationwide during the past year, the average gain in housing wealth was about $11,000 per homeowner, but with wide geographic variation.”

Going into next year, CoreLogic predicts that home prices will only continue to rise, with the company estimating an increase of 5.2% from September 2016 to September 2017. Monthly, home prices are expected to increase 0.3%.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“Home-price growth creates wealth for owners with home equity,” CoreLogic President and CEO Anand Nallathambi said. “A 5% rise in home values over the next year would create another $1 trillion in home-equity wealth for homeowners.”

While home-price growth is great news for homeowners and sellers, potential homebuyers continue to struggle in the midst of these rising home prices and low inventory. Still, with other economic factors taken into account, one economist thinks affordability is still better than it has been in years.

Today's Mortgage Rates                                                                                 52 Week 

                                      
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.60%3.59%+0.013.34%4.11%
15 Yr FRM2.91%2.90%+0.012.69%3.30%
FHA 30 Year Fixed3.40%3.40%--3.15%3.75%
Jumbo 30 Year Fixed3.76%3.75%+0.013.41%3.93%
5/1 Yr ARM2.91%2.90%+0.012.80%3.10%
Updated: 11/1/16 5:03 PM


Rates Gyrate on Political Headlines; Fed Tomorrow
Nov 1 2016, 4:44PM

Mortgage Rates continue to operate near 5-month highs, after putting in a mixed performance today.  The morning was especially bad as stronger global economic data pushed US bond markets to their weakest recent levels (weak bonds = high rates).  The tense market environment surrounding the presidential election worked in rates' favor in the afternoon.  Headlines broke regarding new documents being posted by the FBI regarding a 2001 probe of the Clinton Foundation.  Although the details and rationale were sketchy, the news logically benefits Trump to an undetermined extent.  Because markets generally associate Trump with greater uncertainty, and because uncertainty motivates bond buying, bonds improved rapidly into the afternoon.  Most lenders issued positive reprices, bringing rates back in line with Friday's rates.

Despite the drama, and the fact that rates are legitimately at their highest levels in 5 months, it's good to remember that the last 5 months have been some of the best in the history of mortgage lending.  3.625% is still the going rate on top tier conventional loans, and there are still quite a few lenders quoting 3.5%.  Yes, there is a risk that the current trend toward higher rates will continue, but it wouldn't be until the early December central bank announcements (European Central Bank and the Fed) that things could really kick into high gear, for better or worse.

Tomorrow brings the 2nd-to-last Fed announcement of the year.  Some traders expect the Fed to telegraph a hike coming up in December.  The absence of such clues could be the thing that helps mortgage rates stage a small recovery, but that's not the sort of hope that should dissuade the average borrower from leaning toward locking vs floating. 

Loan Originator Perspective

Rate markets continued to mark time today, as Wednesday's Fed announcement and Friday's NFP jobs report loom.  We typically don't see much motivation for pricing to improve on NFP week, and I'd be shocked if tomorrow's Fed announcement provided any.  In fact, it may be more non-committal than most Fed statements, which is saying quite a bit.  My pipeline is locked, and until I see sufficient drama or economic angst to change the trend of rising rates, I'll keep locking sooner rather than later. -Ted Rood, Senior Originator

The overall trend is not our friend currently which would suggest that locking is the way to go.   I do not see any benefit in floating right now.   Until this trend is broken, locking is the wise move.   Only loans I would  consider floating would be ones that you can float overnight and lock tomorrow on a shorter term. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates
  • 30YR FIXED - 3.625%
  • FHA/VA - 3.25-3.5%
  • 15 YEAR FIXED - 2.875%
  • 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
  • Clearly-defined uptrends provide higher-than-average motivation to lock
  • 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 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.  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 yea.  Zillow predicts they will rise 1.9% within the next year.

#1     156166 Via De Santa Fe, Rancho Santa Fe, CA 92067 with 7 bedrooms, 11 baths, and 16,000 sq.ft. is listed for sale at $11,900,000.

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

This  luxurious Estate simply doe not cease to fascinate those that encounter it. The sprawling plot of paradise is perfect for outdoor living & for horse lovers. A host of exclusive appointments including hand made crystal chandeliers,custom wall,ceiling and window treatments, the finest stone and marble throughout. In addition to a stunning entrance, the main residence has gourmet kitchen,library,office,gym and a stunning 2nd master suite. Other highlights include pool,tennis courts and incredible views. 

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067

15616 Via De Santa Fe, Rancho Santa Fe, CA 92067


#2      642 Flores De Oro, Rancho Santa Fe, CA 92067 with 4 bedrooms, 5 baths, and 
6,638 sq.ft. is listed for sale at $3,994,990.



Exquisite single story estate on 5.4 acres featuring a spanish colonial exterior with chic contemporary interior and furnishings. A resort like feeling with vanishing edge pool, raised spa and outdoor kitchen with stone pizza oven. Lush landscaping surrounds you, including a man-made creek that flows to your private pond. All set up for horses with upgraded barn, arena, corrals, zoned for 4 horses and on the trail. In the gated community of south Pointe Farms- Rancho Santa Fe living at its finest!










#3     13795 Mar Scenic Drive, Del Mar, CA 92014 with 6 bedrooms, 6 baths, and 
5,492 sq.ft. is listed for sale at $3,195,000.

13795 Mar Scenic Dr, Del Mar, CA 92014

Tuscany in Del Mar. A spectacular home waiting to be filled with special occasions, and memories created. A grand entry with unique use of curved walls and spectacular chandelier. Wood framed windows and majestic front door add to the rich finishes throughout the home. No cost was spared. This home has the highest quality finishes and attention to detail. Downstairs flooring is done throughout in beautiful Travertine. 2 exterior patios are entertainer's delight. Downstairs bedroom with private bath.

13795 Mar Scenic Dr, Del Mar, CA 92014

13795 Mar Scenic Dr, Del Mar, CA 92014

13795 Mar Scenic Dr, Del Mar, CA 92014

13795 Mar Scenic Dr, Del Mar, CA 92014

13795 Mar Scenic Dr, Del Mar, CA 92014



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

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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.

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     16611 Madrone Avenue, Los Gatos, CA 95030 with 5 bedrooms, 5 baths, and 4,863 sq.ft. is listed for slae at $4,598,000.

16611 Madrone Ave, Los Gatos, CA 95030

Spectacular contemporary Craftsman estate located in one of the best Downtown Los Gatos neighborhoods. Custom built home sitting on an enormous 16,117 SQFT manicured lot with unique three-story floor plan has a lower level bonus room and exercise room. Extra wide hallways, cathedral ceilings, substantial crown molding, and coffered ceiling details.  Impeccable contemporary and traditional style. Dual-paned windows with custom shades and drapery provide resplendent natural lighting and sophistication throughout this home.  Designer paint colors, custom light fixtures, large plank hardwood floors, smooth wall texture, extensive recessed, lighting and upgraded designer carpets.  Above ground spa overlooking a waterfall, expansive lawn with a park like setting.

16611 Madrone Ave, Los Gatos, CA 95030

16611 Madrone Ave, Los Gatos, CA 95030

16611 Madrone Ave, Los Gatos, CA 95030

16611 Madrone Ave, Los Gatos, CA 95030

16611 Madrone Ave, Los Gatos, CA 95030

16611 Madrone Ave, Los Gatos, CA 95030


#2     1877 Centro West Street, Tiburon, CA 94920 with 7 bedrooms, 5 baths, and 
5,000 sq.ft. is listed for sale at $6,795,000.


Completely renovated in 2013, offering the highest quality in design and craftsmanship. World class views of San Francisco,Golden Gate Bridge and;Angel Island. Luxurious great room opens to expansive terraces,infinity pool&spa,lounge with fireplace and
bocce ball. Spectacular kitchen with high end appliances. Walnut hardwood flooring. Stunning mastersuite with spectactular views. Elevator access from garage to all levels. 2 blocks to downtown Tiburon and ferry.










#3      2470 Sacramento Street, San Francisco - Pacific Heights, CA 94115 with 
3 bedrooms, 4 baths, and 2,404 sq.ft. is listed for sale at $3,295,000.

2470 Sacramento St, San Francisco, CA 94115

Featuring the Row House Collection, designed by Handel Architects. This new construction, tri-level home with private patio combines the privacy of a single family home with the amenities of The Pacific. Soaring ceilings, floor-to-ceiling windows, Arclinea Italian cabinetry, Gaggenau appliances, European marble floors, and radiant floor heating in the master bath. Enjoy full access to The Pacific's amenities and services: fitness center, private yoga garden, lobby with personal concierge service and secure valet parking, Observatory Lounge and a fully furnished Guest Suite.

2470 Sacramento St, San Francisco, CA 94115

2470 Sacramento St, San Francisco, CA 94115

2470 Sacramento St, San Francisco, CA 94115

2470 Sacramento St, San Francisco, CA 94115

2470 Sacramento St, San Francisco, CA 94115


Today's Top Three LA Luxury Estates
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 Brentwood, 90049 is $2,302,200. Brentwood home values have gone up 3.7% over the past year and 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 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


#1     4519 Densmore, Encino, CA 91316  with 7 bedrooms, 8 baths, and 8,800 sq.ft. is listed for sale at $5,999,950.

4519 Densmore Ave, Encino, CA 91436











Brand new farm-house style estate that is beyond amazing! This unique gated compound
offers smart house technology on almost a 24k sq ft. Lot!  Sprawling front yard leads you thru a lush and colorful landscape, mature oak trees and modern fountain. Upon entering, you are immediately captured by a vision of unique indoor/outdoor California living with views of courtyards, covered patios, lawns and a rear yard one could call "true paradise!" formal living rm with fireplace, dining room with temp controlled wine cellar and a handmade built-in buffet. Gourmet kitchen with 2 islands, all top of the line appliances that include 2 dishwashers and artistically designed hood . 2 stairways, 2 laundry rooms, 5 bedroom suites plus private guest suite with living area, bedroom and bath, oversized family rm with pocket doors leads out ot covered patio with outdoor fireplace. Fully equipped media room and executive's office overlooking the rear grounds. Upper level has an incredible master suite with fireplace, 2 walk-in closets, sitting area, built-ins with wine fridge and a large balcony overlooking the private yard. Large secondary bedroom suites plus teen loft. Private yard offers multiple sitting areas ,saltwater pool and spa.

4519 Densmore Ave, Encino, CA 91436

4519 Densmore Ave, Encino, CA 91436

4519 Densmore Ave, Encino, CA 91436

4519 Densmore Ave, Encino, CA 91436

4519 Densmore Ave, Encino, CA 91436
4519 Densmore Ave, Encino, CA 91436

4519 Densmore Ave, Encino, CA 91436

#2    12135 Summit Court, Beverly Hills, CA 90210 with 5 bedrooms, 7 baths, and 7,089 sq.ft. is listed for sale at $9,399,000


Grand Mediterranean Furnished or Unfurnished in guard gated celebrity Enclave The Summit in Beverly Hills. This elegant home was redesigned in 2005 and is a spectacular one of a kind property suited for royalty. Beautiful 2 story entry, incredible grand ballroom size living room/great room with fireplace, generous ceiling heights, beautiful floors and French doors leading outside. Elegant formal dining room fit for a king. Sumptuous over sized master bedroom with fireplace, 2 large custom walk in closets, sitting area and views. Gourmet cooks kitchen with every imaginable appliance, grand center island with granite counters, beautiful cabinetry all open to family room and yard. Professional screening room with all the bells  and whistles.  Hardwood, marble, and entertainers backyard with pool, rolling lawns beautiful fountains and privacy situated on an acre. 

Image result for 12135 summit, beverly hills, ca photos
#3     339 N Bundy Drive, Brentwood, CA 90049 with 6 bedrooms, 7 baths, and 6,000 sq.ft. is listed for sale at $5,395,000.




Welcome to Brentwood's newest East Coast Traditional Masterpiece located North of Sunset.You will feel like you are vacationing in The Hamptons when you enter this amazing brand new construction home boasting approximately 6,000 square feet with a towering open grand staircase. This home is all about the details with gorgeous coffered ceilings, wainscoting, custom wood work, moldings, beautiful Oak floors and custom tile work throughout. Every home dream is answered in the over-sized eat in kitchen with custom cabinetry, huge center island, marble counters, Sub-Zero and Wolf stainless steel appliances. Perfect for entertaining, the Kitchen opens up seamlessly into the Family Room with its sliding pocket doors that overlook the lushly landscaped rear yard with BBQ, outdoor kitchen, and sparkling pool/spa. Four of the six bedrooms are upstairs with one generous bedroom on the main floor and one in the lower level adjacent to a screening room, family room and wine bar.




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

#1     8430 Hunts Point Lane, Hunts Point, WA 98004 with 3 bedrooms, 4 baths, and 5,193 sq.ft. is listed for sale at $2,988,000.



8430 Hunts Point Ln, Hunts Point, WA 98004







Gardens spilling into al fresco verandas. Enchanting wisteria harbors many grape arbors. Vibrant Hunts Point country portrait wwith lake views!. Stone surfaces, Eyebrow Arch, Palladian windows, European Doors. Great Room table 'conversazioni'; pasta feasts in the Tuscan great room. Dynamic Kitchen. Community Courts and neighbors of those proudly call Hunts Point home. 

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004

8430 Hunts Point Ln, Hunts Point, WA 98004


#2     1521 2nd Ave #3200, Seattle-Downtown, WA 98101 with 2 bedrooms, 3 baths, and 2,602 sq.ft. is listed for sale at $4,250,000.





Unimpeded west-facing views of Elliott Bay, Puget Sound and Olympic Mountains greet you in this sophisticated residence. Every room offers a view of the water and a remarkable sense of style with attention to detail. Enjoy breakfast or cocktails in the Glass room (with a fireplace) that opens to the great outdoors. Hotel-quality master suite w/spa bath and fireplace, guest suite plus powder.The media/den is situated off the living/dining room. Two parking spaces.

















#3     1220 7th Avenue, Seattle, WA 98119 with 5 bedrooms, 5 baths, and 7,300 sq.ft.
 is listed for sale at $7,500,000.



Stately shingled Georgian Revival, built in 1913, extensively remodeled by Stuart Silk Architects to create more sophisticated eclectic look and space for comfortable contemporary living. Gracious living room with bay window expansive space embracing kitchen, family room and informal dining area with access to bluestone terrace sweeping views from top levels inviting guesthouse. Situated on large corner lot with exquisite, professionally landscaped grounds in highly sought location.









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

Let's go look!   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