Thursday, January 12, 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     7010 El Camino Del Notre, Rancho Santa Fe, CA 92067 with 4 bedrooms,
 9 baths, and 8,148 sq.ft. on 210 Acres is listed for sale at $85,000,000

7010 El Camino Del Norte

Del Dios Ranch presents an outstanding opportunity to acquire one of the most expansive tracts in coveted Rancho Santa Fe, California. Located in this affluent community, the property comprises some 210 acres (Covenant and non-Covenant), a large portion of which is available for development. The residence itself is a magnificent redwood, glass, and marble structure, with foundations and framework of poured-in-place concrete commanding 360-degree views from its private hilltop location. The property embraces 40 acres of producing Valencia orange groves and includes a lake, guest house, tennis court, and equestrian facilities. Noted architect Fred Briggs crafted the prominent home, which is distinguished by soaring, vaulted ceilings, with walls and beams of redwood that was milled on the property; radiant-heated marble floors; and glass skylights and windows. An entire wing of the house has been dedicated to a magnificent indoor pool and spa (an additional 3,936 square feet), while the master suite occupies a private second level. Three en suite bedrooms are located on a separate first-floor wing. The home's interiors were created by celebrated designer Arthur Elrod. Completed in 1972, the main residence took more than three years to construct. Approached via a very long driveway surrounded by mature landscaping and a brook, the home is far removed from the main road. Situated in the prized section of Rancho Santa Fe, the estate is one of the largest offerings available in the area.

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte

7010 El Camino Del Norte


Today's Top Real Estate News  

5 Ways The Housing Market Could Change In 2017 

By Devon Thorsby
U.S. News & World Report

Slide 11 of 13: <p>If you've hunted for an apartment in a US city in the past several years, you might have noticed that it's getting more and more difficult.</p><p> In the past decade, <a href="http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/ch_1_rental_housing_demand_from_americas_rental_housing_2015_web.pdf"> nine million Americans</a> have become new renters, many of them in cities. Yet the average renter can afford less than 40% of the available apartments in the country's 11 largest metro areas, according to <a href="https://www.cpexecutive.com/post/demand-for-affordable-housing-heats-up/">a 2016 New York University analysis</a>.</p><p>Every year, Zillow generates <a href="http://www.zillow.com/research/zillow-rent-index-methodology-2393/"> a median rent index</a> at seven geographic levels including neighborhood, zip code, city, congressional district, county, metropolitan area, state, and the country overall. Nationwide, the median rent has increased by 2.2% compared to 2015. At the city level, Zillow considers rent markets for studios, condos, single-family homes, and one to five bedroom apartments.</p><p> Here the 12 cities with the biggest change from last year.</p>

The end of a year always has people wondering what the next will bring. And after a year like 2016 – with its political upsets, social uncertainty and international instability – many are desperately looking forward to a change in 2017

Unlike other major points of discussion in the news, real estate maintained an overall positive trend throughout 2016, with home prices increasing 4.8 percent over the course of the year through November, according to real estate information site Zillow. Results from Zillow's most recent Home Price Expectations Survey of more than 100 economic and housing experts shows home values likely increasing by 3.6 percent in 2017 – continued growth, but slower than the past year.

Real estate functions in a cycle – both seasonally and over several years – and 2017 isn’t expected to break that pattern in any significant way. However, the year will most likely lead us into a new curve of the cycle, with higher interest rates supported by faster wage and job growth than recent years.

Many expect President-elect Donald Trump's administration to ease some lending restrictions, which would make it easier for lenders to issue mortgages, but nothing is certain in the lead-up to Inauguration Day. While we wait to see how policy changes may affect the real estate industry and homeownership, here are five things to expect from housing in 2017.

Interest rates will go up.

&nbsp;©   
And don’t hold your breath for them to go down in the foreseeable future. To properly follow inflation rates and support a positively functioning economy, interest rates have to tick upward, meaning we’re likely going to see an increase of as much as a full percentage point by the end of the year. On Dec. 14, the Federal Reserve increased interest rates by 25 basis points, with expectations to increase rates three more times by the end of 2017. Recent memory is filled with near-historically low interest rates, so any increase may seem like a big deal.

“It’s going to crimp some of those first-time homebuyers,” but negatively affect a relatively small group due to general economic growth, says Steve Rick, chief economist for CUNA Mutual Group, which builds financial products for credit unions nationwide.

Luxury real estate, where new property development has been largely focused following the recession, remains mostly unaffected by increasing mortgage rates, as the hikes aren’t significant enough to make a major impact.

“One thousand dollars for somebody who’s buying a $4 million apartment does not make a difference. It does make a difference to a $1 million buyer, because $290 [more in your mortgage payment] is your car, your school, your transportation costs or your monthly internet bill,” says Victoria Shtainer, a luxury real estate agent for Compass in New York City.

Those who should act fast to take advantage of current interest rates are homeowners with an adjustable rate mortgage. Rick suggests refinancing your mortgage to secure a fixed rate and avoid what’s expected to be at least three years of increasing interest rates.

“Even though [your rate] might be slightly higher now, in the long run you’ll be better [off],” Rick says. “Your rates by 2019 could be 2.5 percent higher than they are now, and nobody wants that.”

Cities will increase in density, leading to more buyers in the suburbs.


San AntonioTexas suburban housing development neighborhood - aerial view with houses in rows in middle-class neighborhood: &nbsp;© (Getty Images)  

Continuously growing property values means many homebuyers and renters will have to choose between prime location, space and affordability.

“When they’re looking for new homes, they want something they can afford, and oftentimes that means settling for something that’s a little bit smaller,” says Svenja Gudell, Zillow’s chief economist.
Zillow predicts development in cities will remain focused around key points for public transportation, and as a result of limited space, this will create denser housing options in city  settings.

But as prices continue to climb in those already pricey urban centers, millennials – who Gudell expects to be the largest buyer group in 2017 – are likely to look to the suburbs for more affordable alternatives.


New development will ease demand.

&nbsp;© Justin Sullivan/Getty Images  

Low inventory of available housing has been a key factor in the rapidly increasing housing costs following the recession, but the coming year should bring some easing of that demand. The National Association of Home Builders predicts 1.24 million housing starts in 2017, compared to the projected 1.16 million starts in 2016.

New development for multifamily housing, including apartments and condominiums, also remains high. “New apartments are hitting the market all the time, and that’s easing some of the supply constraints we’ve seen. It’s going to make rents grow at a slower pace,” Gudell says.

Shtainer notes she has finally begun seeing more properties coming to the market in New York at a slightly more affordable price because many are one-bedroom apartments. Still, she says smaller units are in such high demand that they get snapped up quickly.

“Most of the products like that get eaten up and digested quickly because we haven’t had that product in a long time, because the majority of development was three bedrooms, $15 million and up and super-luxury,” Shtainer says.

Luxury residential development is still expected throughout the U.S. But with slowing demand, prices likely won't increase at the same pace they have over the last few years.

Rental affordability will improve but remain tough.

&nbsp;© Andrew Harrer/Bloomberg/Getty Images 
  
Rental rates are expected to slow in 2017, according to Zillow, but it’s important to keep in mind that many major cities for renting like New York and San Francisco are already considered unaffordable for many renters.

“Even as rental affordability won’t deteriorate further, it’ll still remain bad. So a lot of these markets will remain unaffordable in a rental sense for this coming year as well,” Gudell says.

Optimism will have a big impact.

&nbsp;© Michal Besser/Getty Images 
  
Despite 2016 being a year full of surprises – some good and others bad – expectations for the economy remain positive, which is positive for housing.

“Even though rates are up, which is going to choke off a little bit of housing demand, what’s upsetting that is strong job growth, strong wage growth and strong optimism,” Rick says.

Confidence is half the battle when it comes to real estate, as people don’t want to move or purchase a new property if they’re concerned values will go down.

Shtainer says she expects to see a resurgence of international investors in U.S. real estate, despite a decrease in overseas buyers in recent months caused by political uncertainty both in the U.S. and abroad.

“They see that the economy is booming, and they see a lot of optimism going into 2017,” she says.

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      3396 Stone Ridge Lane, Bel Air, CA 90077 with 6 bedrooms, 8 baths, and 
9,275 sq.ft. is listed for sale at $10,900,000.


Modernist French traditional home w/in conveniently located + little-known, but highly coveted, 11-estate, architecturally diverse, guard-gated community. Extensively remodeled + enlarged to provide the style of living desired today, the 6-bed, approx 9,300 SF home sits on a nearly ¾ acre lot at the end of a cul-de-sac w/jetliner views of the twinkling lights. An abundance of custom metal windows + doors bathe the rich, wide-plank Oak floors in warm natural light. The eat-in kitchen (w/brick-clad, triple-barrel ceiling, dual islands + La Cornue range) and the adjacent, generous family room (w/bar + climatized wine wall) serve as the hub of the house + open to the expansive lawns + swimmer's pool. Downstairs is a formal living room + dining room, spacious den, suede-paneled office + guest suite. Upstairs are five bedrooms, incl the master suite w/vaulted ceiling, spa-esque bathroom + boutique-like dressing room. Oversized 3-car garage, add'l off-street parking;












Today's Top Phoenix Luxury Estate Listed For Sale 
.
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

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     5901 E Valley Vista Lane, Paradise Valley, AZ 85253 with 8 bedrooms, 10 baths, and 14,274 sq.ft. is listed for sale at $13,488,000.


This romantic 14,275 sqft Spanish Colonial Estate with superb views of Camelback Mountain harmoniously blends graceful architecture and unsurpassed handcrafted detail. Hand-hewn stone and wood pegged plank hardwood floors, 19ft ceilings with 2,000lb Oregon beams, lead glass windows, hand carved cabinetry and hand-forged iron complement luxuriously comfortable indoor living. The gated private grounds add spellbinding allure with 8 fountains, a stone aqueduct with cascading waterfall, 9 fireplaces, elegant pool, sport court and specimen plantings. Features include: a Savant Control System, 8 bedrooms, 1524 sqft guesthouse, media room, 2 studies, exercise, game and wine rooms. Set on one of the most prestigious streets in Paradise Valley, the estate underwent a $3+ Million expansion in 2013. 











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 haTve 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     6116 Avenida Cresta, La Jolla, CA 92037 with 6 bedrooms, 6 baths, and 
3,961 sq.ft. is listed for sale a $5,500,000

6116 Avenida Cresta, La Jolla, CA 92037

Classic ocean view Cliff May designed residence on one of Lower Hermosa's most coveted streets. Two story, Spanish style residence was updated by current owners and has been lovingly maintained. Incredible ocean view master suite on second floor, gourmet country kitchen, formal dining room, fireplaces in living room, master bedroom and ground level bedroom. Seller has preliminary plans for a 1321 square foot 2-story addition and remodel / addition of ground floor plan by La Jolla's Island Architects.

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037

6116 Avenida Cresta, La Jolla, CA 92037


6116 Avenida Cresta, La Jolla, CA 92037

Today's Top San Francisco Luxury Estate Listed For Sale


Image result for San Francisco skyline pictures

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     4352 26th Street, San Francisco, CA 94131 with 5 bedrooms, 5 baths, and 
4,816 sq.ft. is listed for sale at $6,800,000.


Architectural Noe Valley View Home. Dramatic John Lum Architecture - SF MODERN Design. Brand New Construction optimized on wider 30' lot. Great scale. Soaring ceiling height. Large skylights & designer finishes. Valley & DNTWN Views. Open main floor entertainment level. View decks. Gourmet kitchen; custom designed island/breakfast bar w/integrated Family room. 3 bdrms, incl. View master suite on top floor. 2 additional generous en-suite bedrooms down & Large Media rm.w/ secondary catering kitchenette/bar. Full lvl Gym/office & outdoor Spa on lowest level. Custom-designed millwork & railings. Wired sound, lighting control, & intercom. Radiant heat. Solar pnls, w/ car charger ports. Large, landscaped Yard w/ fire-place. Flat block by Park.








   

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     246 W Lake Sammamish Parkway SE, Bellevue, WA 98004 with 6 bedrooms,
 7 baths, and 5,965 sq.ft. is listed for sale at $2,500,000.


New Construction home with Lake Sammamish and Mountain Views on a level 18,000 Sq. Ft. Lot. Stunning home built to the highest standards with premium materials and finishes throughout. Chef inspired kitchen with Sub Zero and Wolf appliances. Soaring ceilings flood the home with natural light and enhance the view. Two guest suites, one on the main floor and one on lower level. The photo's are nice, seeing it is truly the best way to absorb it.

246 W Lake Sammamish Pkwy SE, Bellevue, WA

246 W Lake Sammamish Pkwy SE, Bellevue, WA


246 W Lake Sammamish Pkwy SE, Bellevue, WA


246 W Lake Sammamish Pkwy SE, Bellevue, WA


246 W Lake Sammamish Pkwy SE, Bellevue, WA

246 W Lake Sammamish Pkwy SE, Bellevue, WA

246 W Lake Sammamish Pkwy SE, Bellevue, WA

246 W Lake Sammamish Pkwy SE, Bellevue, WA



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