Tuesday, January 3, 2017


Today's Best Mansion and Top  Luxury Estates in Los Angeles, Phoenix, 
San Diego, San Francisco and Seattle Listed For Sale.

The exact definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 6,000 square feet. Mansion derives through Old French from the Latin word "mansio". The English word "manse" originally defined a property large enough for the parish priest to maintain himself. The word "manor" comes from the same root territorial holdings granted to a lord who would remain there. Therefore, it is easy to see how a "mansion" came to have its meaning.

Today's Best Mansion Listed For Sale    

#1     7505 Makena Road, Kihei, HI 96753 with 8 bedrooms, 8 baths, and 10,500 sq.ft. 
is listed for sale at $29,000,000.



Makena, Maui. Simply stated, one of the most beautifully custom detailed homes to ever be built on the island. The home perched on a lushly landscaped 1-acre parcel of land entertains endless Pacific Ocean views. With 8 bedrooms and more than 10,000 sq. ft. of interior living, one can enjoy the true essence of Hawaiian indoor-outdoor living. The main home features a plethora of custom wood detailing, fountains, ponds, movie theatre, ocean views with privacy. An additional pool house provides more bedrooms, a full kitchen and a living room to enjoy Makena's great weather while lounging around the resort-like setting. In the evening, an outdoor theatre rises from the pool deck, allowing for some of the most epic private cinema opportunities a residence can offer. A large entertaining venue with nearly 4,000 sq. ft. of deck and outdoor furniture can accommodate large parties under the stars. Capping off this truly one of a kind property is a 6-car garage & caretaker's quarters. The photography helps to tell the story of this beautiful estate.

 


 








Today's Top Real Estate News

Prices Jump Most in 2 Years -CoreLogic 

Jan 3 2017, 9:18AM

By Jann Swanson
Mortgage News Daily

For the sixth consecutive month, the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous month.  The HPI for November 2016 indicates that there was a 7.1 percent appreciation in home prices nationally when compared to November 2015.

The year-over-year increase in reported by CoreLogic for January 2016 was 6.9 percent.  It then ticked down steadily until June and an annual gain of 5.7 percent.  Since then the increases have accelerated with the change from October to November the largest to date at 0.04 percentage point.

On a month-over-month basis the gain from October to November was 1.1 percent.  This is the same increase that has been posted in each of the last six months.   



Annual appreciation was highest again in Oregon, Washington, and Colorado.  The HPIs in those states were up 10.3, 10.0, and 8.8 percent respectively.

CoreLogic's HPI forecast projects that the annual increase from November 2016 to November 2017 will be 4.7 percent and predicts a 0.1 percent gain from November to December 2016.  The Forecast is based on the current 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.

"Last summer's very low mortgage rates sparked demand, and with for-sale inventories low, the result has been a pickup in home-price growth," said Dr. Frank Nothaft, chief economist for CoreLogic. "With mortgage rates higher today and expected to rise even further in 2017, our national Home Price Index is expected to slow to 4.7 percent year over year by November 2017."

"Home prices continue to march higher, with home prices in 27 states above their pre-crisis peak levels," said Anand Nallathambi, president and CEO of CoreLogic. "Nationally, the CoreLogic Home Price Index remains 4 percent below its April 2006 peak, but should surpass that peak by the end of 2017."
Today's Top LA Luxury Estate Listed For Sale 



The median home value in Los Angeles County is $547,000. Los Angeles County home values have gone up 7.1% over the past year, Zillow predicts they will rise 2.5% within the next year.

The median home value in Brentwood is $2,493,500. Brentwood home values have gone up 10.9% over the past year.  Zillow predicts they will rise 3.7% with the next year.

The median home value in Malibu  is $2,866,200.  Malibu home values have gone up 6.4% 
over the past year.  Zillow predicts they will rise 2.0 % with the year.

The median home value in Beverly Hills is $3,033,400.  Beverly Hills hhome values have gone up 4.1% over the past year.  Zillow predicts they will rise 1.1% with the next year.

The median home value in Bel Air is $3,307,000. Bel  Air home values have gone up 5.3% over the past year.  Zillow predicts they will rise 1.8% within the next year.  




#1      4820 Balboa Avenue, Encino, CA 91316 with 5 bedrooms, 7 baths, and 
4,606 sq.ft. is listed for sale at $3,098,000.



South of Ventura Blvd. Truly an exquisite and rare opportunity, this home checks all the boxes! Private, quiet, automatic gated entry, plenty of driveway with 3 spacious car garages! Grand double door entrance into a panoramic view of it's contemporary architecture custom designed with a stylish ambiance. Open floor plan w/ high ceilings well lit-throughout. Living room has eye catchy angles, waterfall, wet bar blends into a formal dining room overlooking gorgeous backyard views. Guest powder room, with upgraded sink and toiletry. Any chef's ideal kitchen with granite counter tops and custom cabinetry, massive sub-zero refrigeration, stainless appliances, double oven, warming drawer, dishwasher, 6 burner range and dining area. Flexible floor plan, great for multi-generational living with bedrooms upstairs and downstairs. Spacious master suite with fireplace and view. 4 bedrooms upstairs with bathrooms and plenty of closet space and balcony.










Today's Top Phoenix Luxury Estate Listed For Sale 
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A photo showing the skyline of Phoenix, looking north.  It shows the various buildings of the downtown area, as well as Sunnyslope Mountain in the background
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The median home value in Scottsdale is $414,100. Scottsdale home values have gone up 4.0% over the past year. Zillow predicts they will rise 2.1% withiin the next year.

The median home value in Carefree is $740,800. Carefree home values have gone up 
4.3% over the past year.  Zillow predicts they will rise 2.1% within the next year.

The median home value in Paradise Valley is $1,604,500. Paradise Valley home values have gone up 2.7% over the past year. Zillow predicts they will 1.4% with the next year.

#1    11038 E Saguara Canyon Trail, Scottsdale, AZ 85255 with 
5 bedrooms, 7 baths, and 7,464 sq.ft. is listed for sale at $5,500,000.


This estate sits on a sprawling 1.75 acres at the base of the McDowell Mountains in Silverleaf's Upper Canyon. The spectacular floor plan brings outdoor and indoor spaces together with its unique indoor Family room adjoining to an outdoor Family room and also to an inner courtyard with fountain and BBQ. The living room with limestone fireplace and formal dining room overlook the serenity pool and mountain views. The kitchen sports two center islands with an adjoining butlers pantry. The Game/Media room opens to an expansive view deck with city light views. The Master wing is complete with sitting room and nursery/fitness room with bath. The large pool cabana includes a pool bath, BBQ and fireplace overlooking the glass tiled pool and spa. 









Today's Top San Diego Luxury Estate Listed For Sale



The median home value in San Diego County is $526,500. San Diego County home values have gone up 6.1% over the past year. Zillow predicts they will rise 2.0% within the next year.

The median home value in La Jolla, 92037 is $1,483,400. La Jolla, 92037 home values have gone up 4.4% over the past year.  Zillow predicts they will rise 1.5% within the next year.

The median home value in Solana Beach 92075 is $1,273,700. Solana Beach 92075 home values have gone up 5.3% over the past year.  Zillow predicts they will rise 2.7% within the next year.

The median home value in Del Mar 92014 is $1,633,400. Del Mar home values have gone up 7.6% over the past year.  Zillow predicts they will rise 2.4% with then next year.

The median home value in Rancho Santa Fe is $2,638,300. Rancho Santa Fe home values have declined -5.1% over the past year and Zillow predicts they will fall -1.9% within the next year.

#1     6665 Via Estrada, La Jolla, CA 92037 with 6 bedrooms, 8 baths, and 5,761 sq.ft. is listed for sale at $3,200,000.


Located in the coveted community of Muirlands West, this home offers 5,761 sq ft of living space with a 19,500 sq ft private yard, pool, a large kitchen and an extended living area perfect for guests or entertaining as it opens up to the courtyard/pool area. 2 bedrooms each with a full bathroom located on 1st floor & 4 bedrooms each with full bathroom located on 2nd floor. Home has two staircases, the first leads to 3 bedrooms, the 2nd staircase located in the bonus area leads up to a bedroom and bathroom.








Today's Top San Francisco Bay Area Luxury Estate Listed For Sale.

Image result for San Francisco skyline pictures
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The median home value in San Francisco is $1,132,300. San Francisco home values have gone up 1.3% over the past year.  Zillow predicts they will fall -0.3% within the next year.

The median home value in Sausalito is $1,246,200. Sausalito home values have gone up 4.4% over the past year. Zillow predicts they will rise 0.5% within the next year. 

The median home value in Tiburon is $2,433,900. Tiburon home values have gone up  1.1% over the past year.   Zillow predicts they will rise 0.4% within the next year. 

The median home value in Saratoga is $2,367,800. Saratoga home values have gone up 0.9% over the past year.  Zillow predicts they will fall -0.5% within the next year.

#1     12 Tara Hill Road, Tiburon, CA 94920 with 3 bedrooms, 5 baths, and 6,491 sq.ft. is listed for sale at $7,950,000.

12 Tara Hill Rd, Tiburon, CA 94920

The art of relaxation in this magnificent Mediterranean inspired estate embodies the Californian lifestyle at its finest. This ultra-private sanctuary is a place to enjoy rose-scented evenings with panoramic views in all directions -from San Francisco Bay's expansive skyline, Golden Gate, and Bay Bridges, to Belvedere Island and iconic Alcatraz. Truly one of the finest residences located in the heart of Tiburon.

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

12 Tara Hill Rd, Tiburon, CA 94920

Today's Top Seattle Luxury Estate Listed For Sale

Image result for Seattle

The median home value in Kirkland is $595,500.  Kirkland home values have gone up 14.5% over the past year.  Zillow predicts they will rise 6.0% within the next year.

The median home value in Seattle is $612,400. Seattle home values have gone up 13.3% over the past year. Zillow predicts they will rise 5.9% within the next year.

The median home value in Bellevue is $744,800. Bellevue home values have gone up 13.3% over the past year. Zillow predicts they will rise 5.5% within the next year. 

The median home value in Clyde Hill is $2,219,500. Clyde Hill home values have gone up 12.1% over the past year. Zillow predicts they will rise 5.4% within the next year 

The median home value in Medina is $2,357,000. Medina home values have gone up 11.6% over the past year and Zillow predicts they will rise 5.0% within the next year. 

#1 
    6510 NE 129th Street, Kirkland, WA 98034 with 4 bedrooms, 
4 baths, and 3,594 sq.ft. is listed for sale $2,250,000.


Capturing the art of nature and the nature of science, LIVE in this state-of-the-art Smart Home designed by award winning architect Chris Pardo. RELAX while lounging on your private rooftop oasis as you unwind under the NW stars. Enjoy your beautiful view from your open concept, award-winning European kitchen as you CREATE culinary masterpieces and DINE in luxurious style. Fabulous for entertainment, this highly efficient, earth-conscious home is nothing short of EXCELLENCE.







https://photos.zillowstatic.com/p_f/ISqtr209kqmww91000000000.jpg






ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.21%4.23%-0.023.34%4.38%
15 Yr FRM3.40%3.42%-0.022.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.23%4.25%-0.023.41%4.40%
5/1 Yr ARM3.05%3.06%-0.012.80%3.25%
Updated: 12/30/16 12:26 PM
Mortgage Rates Slightly Lower to End 2016
Dec 30 2016, 12:27PM


Mortgage rates moved lower for a 3rd consecutive day to end 2016, bringing them to the lowest levels in more than 3 weeks for many lenders.  December 8th was the last time rates were lower.  As of yesterday, 4.25% regained the status of the "most prevalent" conventional 30yr fixed quote on top tier scenarios.  Quite a few lenders remain at 4.375% and a scant few are down to 4.125%. 

While this is all good news in the context of the past few weeks, 2016 nonetheless ends with one of the worst 2-month losing streaks in the history of mortgage rates.  Specifically, the 5 weeks following the election were the worst 5 weeks on record, going back to the Spring of 1987.   

For anyone considering locking or floating into the 3-day weekend (markets and mortgage lenders are closed on Monday, by the way), it's important to remember that nothing about this week's momentum is guaranteed to carry over into the new year.  

To repeat yesterday's thoughts, the  recent gains are largely a result of the year-end bond trading environment.  It's not the same bond market that's normally pulling the levers behind the scenes.  Volume is lower and participants are in shorter supply.  Trading considerations differ from other times of the year.  It can all add up to unexpectedly quick moves and the APPEARANCE of new momentum that is subsequently erased in the new year.  

Again, that's not to say a big bounce toward higher rates is guaranteed next week, but it's at least an equal possibility.  Whatever the case, the past 2 days of gains can't be viewed as the sign of a new trend.

Today's Best-Execution Rates

  • 30YR FIXED - 4.25-4.375%
  • FHA/VA - 4.0%
  • 15 YEAR FIXED - 3.375-3.5%
  • 5 YEAR ARMS -  3.0 - 3.5% depending on the lender

Ongoing Lock/Float Considerations

  • Rates had been trending higher since hitting all-time lows in early July, and exploded higher following the presidential election
  • Some investors are increasingly worried/convinced that the decades-long trend toward lower rates has been permanently reversed, but such a conclusion would require YEARS to truly confirm
  • With the incoming administration's policies driving a large portion of upward rate momentum, mortgage rates will be hard-pressed to make significant improvements until after Trump takes office.  Rates can move  for other reasons, but it would take something big and unexpected for rates to move appreciably lower.
     
  • We'd need to see a sustained push back toward lower rates (something that lasts more than 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). 
Thanks for reading today's Blog.  Looking for more information?  Have a comment?  Please call, text or email me.  Most importantly, have a great day!

Tom


www.laluxuryrealestateupdates.com

www.phoenixluxuryrealestateupdates.com
www.sandiegorealestateflashreport.com
www.sanfranciscobayarealuxuryrealestateupdates.com
www.sealttleluxuryrealestates.com
www.todaysbestmansionsforsale.com

Tom Furino
Phone/Text 619-944-8749
email: furtree@msn.com