Wednesday, November 9, 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.

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      605 N Palm Drive, Beverly Hills, CA 90210 with 7 bedrooms, 10 baths, and 
7,000 sq.ft. is listed for sale at $18,995,000.

605 N Palm Dr, Beverly Hills, CA 90210

Casa California" New 2016 Construction. Just completed Italian Revival Villa. Prime Beverly Hills flats. Minutes to finest shopping and restaurants. Approximately 10,700sqft, per plans. Bright and airy with high ceilings and open floor plan. European White Oak floors throughout. Expansive public rooms including a glamorous living room and oversized formal dining room. Gorgeous gourmet kitchen opens to family room and grounds beyond. Sweeping staircase to all levels. Master suite with lavish bath in bookmatched Snowfall Calacatta Marble. One of the few houses in Beverly Hills with extensive day lit lower level. Featuring game room w/ bar, full screening room w/110" screen, gym, guest suite and staff accommodations. Total of 7 bedrooms/10 baths. Complete Home Automation by Savant.

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210

605 N Palm Dr, Beverly Hills, CA 90210





Gated, secluded Italian Villa in prime Beverly Hills. Seldom does a home of this caliber grace our market. Situated on over 1-acre of flat land with city views, this approx. 16,000 square foot home must be seen to be fully appreciated. Grand scale public rooms lead to a fantastic grassy yard with outdoor living areas and infinity edge pool. Features include: 6 en-suite bedrooms, 11 custom bathrooms, gourmet kitchen, wine cellar, home theatre, and much more.















#3     1000 Magnolia Manor, Santa Barbara, CA 93108 with 8 bedrooms, 9 baths, and 11,351 sq.ft. is listed for sale at $35,000,000.



Tucked away and hidden within Montecito's most desirable areas and with one of the most significant addresses in the Golden Quadrangle is the breathtaking Magnolia Manor. Crafted by renowned designer, Robert Webb, this sophisticated Georgian estate offers 6 bedroom, 8.5 baths plus a 2 bedroom guest house and pool pavilion.





Today's Real Estate News
Five States Still Account For One Third of All Foreclosures
Nov 8 2016, 9:18AM

By Jann Swanson
Mortgage News Daily

The foreclosure inventory was down nearly one-third in September when compared to a year earlier although the pace of completed foreclosures remained relatively steady.  According to CoreLogic' September National Foreclosure Report, the inventory, which represents homes in the process of foreclosure, included approximately 340,000, or 0.9 percent, of all homes with a mortgage, compared with 493,000 homes, or 1.3 percent, in September 2015, a decline of 31.1 percent. The September 2016 foreclosure inventory was down 3.1 percent compared with August 2016.

The number of mortgages in serious delinquency, that is 90 days or more past due, including loans in foreclosure or REO, is also down a substantial 24.8 percent from September 2015 to September 2016.  At the end of September there were 1 million mortgages, or 2.6 percent, in serious delinquency, the lowest level since August 2007. The decline was geographically broad with decreases in serious delinquency in 48 states and the District of Columbia.

The rate of completed foreclosures, however, has not fallen as rapidly.  There were 36,000 foreclosures in September 2016 compared to 39,000 one year earlier, a decrease of 7.0 percent.  The September number was up from 34,000 completed foreclosures in August, a gain of 5.2 percent.  As a basis of comparison, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006. Since the financial crisis began in September 2008, there have been approximately 6.4 million completed foreclosures nationally.



Four states and the District of Columbia had the highest foreclosure inventory rate in September 2016: New Jersey (3.0 percent), New York (2.7 percent), Maine (1.8 percent), Hawaii (1.8 percent) and the District of Columbia (1.6 percent).




The five states with the highest number of completed foreclosures in the 12 months ending in September 2016 were Florida (53,000), Texas (27,000), Michigan (24,000), Ohio (23,000) and Georgia (21,000). These five states accounted for 36 percent of completed foreclosures nationally.

"September's serious delinquency rate dropped by 25 percent compared to a year earlier, the third consecutive monthly acceleration in the rate of decline," said Dr. Frank Nothaft, chief economist for CoreLogic. "This improvement is continued evidence of the recovery in the housing market, especially given that the decreases were fairly uniform in most cities across the country."

"Completed foreclosures have fallen by a total of more than 100,000 homes during the 12 months prior to September 2016," said Anand Nallathambi, president and CEO of CoreLogic. "The decline in foreclosures is one of the drivers in the drop in vacancies, which is positive for homeowners and communities. Heading into 2017 we see that prices, performance and production - the three most important drivers of the real estate market - are all improving.
 Today's Mortgage Rates52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.62%3.59%+0.033.34%4.11%
15 Yr FRM2.92%2.90%+0.022.69%3.30%
FHA 30 Year Fixed3.40%3.40%--3.15%3.75%
Jumbo 30 Year Fixed3.78%3.75%+0.033.41%3.93%
5/1 Yr ARM2.92%2.90%+0.022.80%3.10%
Updated: 11/8/16 2:32 PM
Election Pushes Rates to New 5-Month Highs
Nov 8 2016, 3:46PM

Mortgage Rates rose today as early presidential polls showed Clinton leading in several battleground states.  At least when it comes to the most immediate future, rates have done better when Trump's numbers have been better.  Some analysis suggests that although a Trump presidency could ultimately be worse for rates in the long run, the near-term uncertainty prompts investors to sell stocks and buy bonds.  When demand for bonds increases, rates move lower, all other things being equal.

Mortgage rates didn't have to move too much higher in order to make it to new 5-month highs.  If we're talking about the actual "note rate," that hasn't changed for most prospective borrowers at all this week.  Rather, the changes must be measured in the form of upfront closing costs/credits.  Higher upfront costs make for a higher "effective rate," even when the note rate remains unchanged.  Most lenders continue quoting 3.625% on top tier conventional 30yr fixed scenarios. 

Even before today's market volatility, the risk of floating outweighed the potential reward.  After today, that's doubly true.  Bottom line, even if rates are able to stage a comeback after the election is over, it doesn't make sense to plan on it.  We need to see a solid reversal in the ongoing trend before deviating from a defensive strategy.

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     6240 Waverly Avenue, La Jolla, CA 92037 with 5 bedrooms, 5 baths, and 
3,484 sq.ft. is listed for sale at $3,898,000

6240 Waverly Ave, La Jolla, CA 92037

Step back in time.... First time on the market in over 50 years!!! This gracious estate property is located in the coveted "Upper Hermosa" neighborhood of La Jolla. The architect, Harold Abrams, designed this elegant English Tudor in 1935 on just under one acre of land. Majestically situated above other properties in the area, the home enjoys sweeping 
180- degree ocean views. Architectural details abound in this 4 bedroom, 5 bath home with 
a detached guest studio above the three car garage.

6240 Waverly Ave, La Jolla, CA 92037

6240 Waverly Ave, La Jolla, CA 92037

6240 Waverly Ave, La Jolla, CA 92037

6240 Waverly Ave, La Jolla, CA 92037

6240 Waverly Ave, La Jolla, CA 92037

6240 Waverly Ave, La Jolla, CA 92037

6240 Waverly Ave, La Jolla, CA 92037


#2        888 W E Street #3601, San Diego-Marina District, CA 92101 with 3 bedrooms, 
2 baths, and 2,315 sq.ft. is listed for sale at $3,999,900.


888 W E St Unit 3601, San Diego, CA 92101


Pacific Gate is designed by renowned New York-based architectural firm KPF and will redefine downtowns skyline.Residents will have access to one of a kind amenities and services from a Chef Concierge, Porter, Private Luxury Car Fleet and Boat Share.This N/NW/W facing 3bd + den residence features interiors by award winning HBA and include custom-designed kitchen cabinets with appliances by Wolf, Sub-Zero and Miele. Pacific Gate is under construction and now selling with completion scheduled for late 2017.

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101


#3    244 Pacific Avenue, Solana Beach, CA 92075 with 3 bedrooms, 3 baths, and 
2,585 sq.ft. is listed for sale at $3,285,000.

244 Pacific Ave, Solana Beach, CA 92075

Clean, modern lines combine with a warm luxurious contemporary interior design in this 
custom beach house! The striking architectural elevations (check out the wood details) beautifully compliment the over-sized private patio - an entertainers delight. An 8-foot custom wood pivot entry door welcomes an open floor plan with custom bleached walnut floors, Western window systems, designer tile and smart home features. The gourmet-well-
appointed kitchen by leading designers is perfection. Function and form.

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075


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.

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      21345 Saratoga Hills Road, Saratoga, CA 95070 with 6 bedrooms, 6 baths, and 7,951 sq.ft. is listed for sale at $7,400,000

21345 Saratoga Hills Rd, Saratoga, CA 95070
Stunning luxury estate sited on 1.31 manicured acres. Peerless valley, city light, bay, hill and mountain views. Soaring ceilings. No-budget build! Construction completed in 2003. Fastidiously maintained since new. Dramatic entry foyer. Gracious gourmet kitchen with large island that opens to a large family/great-room. Five fireplaces. Grand master suite
with fireplace and opulent master bath. The grounds are amazing. Special outdoor features include breathtaking patios, outdoor BBQ area, oversized spa and an infinity edge pool. Vast views of the Bay Area/Silicon Valley. Saratoga schools!

21345 Saratoga Hills Rd, Saratoga, CA 95070

21345 Saratoga Hills Rd, Saratoga, CA 95070
21345 Saratoga Hills Rd, Saratoga, CA 95070

21345 Saratoga Hills Rd, Saratoga, CA 95070

21345 Saratoga Hills Rd, Saratoga, CA 95070

21345 Saratoga Hills Rd, Saratoga, CA 95070

21345 Saratoga Hills Rd, Saratoga, CA 95070

21345 Saratoga Hills Rd, Saratoga, CA 95070


21345 Saratoga Hills Rd, Saratoga, CA 95070



Just completed by Urban Pacific Homes, this home is a masterful expression of modern design. Precision craftsmanship appears at every turn from the multi-level reveals on windows to the perfectly terraced resort-like grounds. The interior design integrates the most extraordinary lighting, wall coverings, and high-end tile selections. Truly designed for indoor/outdoor living, glass doors fully disappear into the walls at the touch of a button on both levels of the home for a seamless connection to covered terraces. Continuing outside, an infinity edge pool and separate spa plus a cabana await the quintessential California lifestyle along with a fireplace, fire pit, and bowls of fire all adding dazzling light reflections for an unmatched ambiance. The utmost in luxury from a sound-proof media/music room to a wine cellar, full bar, fitness center (7 th bedroom), and even an elevator make this truly an unrivaled place to call home in Silicon Valley.  












#3      3922 18th Street, San Francisco-Castro, CA 94114 with 3  bedrooms, 4 baths and 3000 sq.ft. is listed for sale at $3,350,000.

3922 18th St, San Francisco, CA 94114

This spectacular new modern renovation showcases dramatic entertaining spaces, beautiful design elements, expansive outdoor areas, and an unrivaled urban location. This stunning 
home boasts two levels of living space with soaring high ceilings and features 3 Bedrooms, 3 Bathrooms, 2 Half Bathrooms, a stunning main level Great Room, separate formal Dining room, an additional media room, spacious back garden, and an amazing roof sun deck. Located 1 blocks from Dolores Park in one of SF's most coveted neighborhoods, 3922 18th Street is truly a unique opportunity to own an extraordinary modern residence in a highly 
coveted walkable location.

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

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 harve gone up 4.7% over the past year and Zillow predicts they will rise 0.2% within the next year.





#1      3910 Villa Costera, Malibu, CA 90265 with 3 bedrooms, 4 baths, and 3,903 sq.ft. is listed for sale at $12,250,000.

3910 Villa Costera, Malibu, CA 90265

Mesmerizing panoramic ocean views of Malibu's Point Dume to Palos Verdes await you from every room of this very special property! Gracefully positioned on a protected knoll w/approx. 4.07 total acres inclusive of 2 separate legal parcels, this exquisitely renovated estate is being offered for the discerning Buyer. This TRUE GEM has been flawlessly designed by Michael Lee & styled by Gatsby Geerts. A spacious courtyard entry leads to a grand living room, dining area, fabulous gourmet kitchen (with proper butler's pantry), 
3 bedrooms, 3 1/2 baths, self-contained separate guest house, swimming pool and spa. The expansive gardens designed by Maureen Barnes boast a water feature, olive trees, rose garden, box wood, and lavender, perfectly balanced throughout the many seating areas and walking paths within the property. Located in a private gated enclave, this property offers privacy, peace and quiet, with ocean views and city lights. ALL THIS ... minutes from Santa Monica and the center of Malibu.

3910 Villa Costera, Malibu, CA 90265
3910 Villa Costera, Malibu, CA 90265

3910 Villa Costera, Malibu, CA 90265

3910 Villa Costera, Malibu, CA 90265
3910 Villa Costera, Malibu, CA 90265













#3      29215 Cliffside Drive, Malibu, CA 90265 with 6 bedrooms, 7 baths, and 9,000 sq.ft. is listed for sale at $19,950,000.

29215 Cliffside Dr, Malibu, CA 90265

Brand new architectural East Coast style estate by Scott Gillen/UNVARNISHED on Point Dume! Located on exclusive Cliffside Drive across from the Point Dume Nature preserve with access to Big Dume beach. Desirable corner lot on over an acre flat with living space in the main house and guest house of over approx 9,000 SQ.FT.. The ocean view main house offers a two story living room, Bulthaup Kitchen, dry aged oak floors and 4 bedroom suites upstairs all with Scott Gillen/UNVARNISHED signature beamed ceilings. Two outdoor deck environments which include an oceanside entertaining area with infinity spa and outdoor kitchen. The massive 90' x 40' pool and deck area separates the main house from the 2BR/2BA guest house with large pool/game room. An amazing theater room, double gates, and 6 car garaged parking make this one of Pt. Dume's premiere compounds. Anticipated completion is Spring/Summer 2017 and delivered fully furnished.

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265



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 4 bedrooms, 5 baths, and 5,193 sq.ft. is listed for sale at $2,988,000.

8430 Hunts Point Ln, Hunts Point, WA 98004
Vibrant Hunts Point portrait: Stone surfaces, Eyebrow Arches, Palladian windows, and European Doors. Lush Gardens spilling into al fresco verandas with enchanting wisteria and juicy grape arbors. Tuscan Great Room for 'Conversaziones' and pasta feasts, served from a Dynamic Kitchen. Two lofty first-floor offices, Grand Bridle stairs up to the Master-Suite and lavish balconies. Community Courts and neighbors of those who proudly call Hunts Point their home ~ Splendid Lake views.

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     816 101st Avenue SE, Bellevue, WA 98004 with 6 bedrooms, 6  baths, and 
4,812 sq.ft. is listed for sale at $2,499,950.



You'll Find City Views and Room for Everyone in This New Luxury JayMarc Home,The San Tropez!10 Foot Ceilings on Main,Walls of Windows Provide A Light & Bright Home!Chef's Kitchen w/Huge Island,Wolf, Sub Zero Appliances,Granite,Quartz & Designer Tile Throughout,Expansive Moldings & Custom Built-ins,Mud Room,Open Great Room Concept w/ Covered Deck w/Views!Daylight Basement w/Bed,Bath,Bonus Room & Covered Patio.Big Yard w/Many Entertaining Areas!JayMarc is Houzz Winner of Best Customer Service 2016









#3   134 Hucklebery Lane, Seattle-Blue Ridge, WA 98177 with 4 bedrooms, 7 baths, and 7,470 sq.ft. is listed for sale at $4,100,000.


Recognized among the most significant homes in the Pacific Northwest, Arthur Erickson designed residence on 6.1 acres is a masterpiece of space and light. Tall ceilings, lustrous white polished concrete & glass ceilings lend a fantastic backdrop to luxurious and elegant living. The continuity of design and open floor plan creates an exceptional transition from public to private spaces. Mountain and sound views, swimming and reflection pools, and a sculptural meadow enhance this rich woodland setting.






















































































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