Wednesday, January 18, 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     1041 Laurel Way, Beverly Hills, 90210 with 5 bedrooms, 8 baths, and 9,508 sq.ft. is listed for sale at $24,950,000




Commanding a world renowned location, north of Sunset Bl. and close to the BH Hotel  as well as Rodeo Dr., this transitional contemporary estate has been re-imagined for today's luxury lifestyle. With its grand presence sitting up from the street, the magnificent artistry begins at the gated entry which opens into a double staircase flanked by a water wall and motor court. State-of-the-art features include Control4 automation for
lights/sound/security/heat/air/pool/fountains + custom camera system controlled by phone/ipad/computer. Hi ceilings, French doors and  custom oak wide-plank floors. Bang and Olufsen media rm, 1 bdrm suite down, master plus 3 bdrm suites and family room up. The incredibly manicured grounds include a pool/spa, large grassy yard & tranquil meditation garden. The backdrop of a dramatic water wall spans the outdoor kitchen and living rm with frplc. Offered fully furnished with designer furniture & all designer lighting. 
This property truly encompasses the ultimate in luxury BH living.














Today's Top Real Estate News  

America's 25 Least Affordable Housing Markets


By Thomas C. Frohlich
24/7 Wall Street


The U.S. housing market improved over the course of 2016. Home purchases are up, foreclosure activity is down, and interest rates are on the rise after the Federal Reserve hiked rates recently in response to favorable economic conditions -- and will likely continue to do so.

Due in part to these developments, owning a home -- for those who can afford the down payment -- continues to be more affordable than renting in most of the United States. Despite the economic improvements, however, rents and home prices are rising faster than wages in most housing markets across the nation.

Americans deciding whether to rent, buy, or move likely consider the timing and location of their potential home purchases. To highlight the regional patterns of the U.S. housing market, 24/7 Wall St. reviewed homeownership and rental affordability measures for over 500 counties nationwide, based on a comparison of regional monthly home payments and rents to average monthly wages.

The least affordable housing markets are not necessarily undesirable areas. In fact, high rental costs are often the result of strong demand. Rents rose by around 4% on average across the more than 500 counties reviewed. In most of the 25 least affordable areas, the year-over-year rent increase outpaced that average. In eight, rents rose by at least 15%.

In an interview with 24/7 Wall St., Daren Blomquist, senior vice president with property and real estate data company ATTOM Data Solutions, described rising rents as part of a vicious cycle. High home prices encourage more renting, which pushes up the demand and prices for rentals. Eventually, at high enough rental prices, buying becomes more attractive.

In most areas, especially the relatively unaffordable counties on this list, wages are also not keeping pace with rising rents and home prices. Rent or home price increases are outpacing wage growth in all but two of the 25 least affordable markets. For Blomquist, this trend is unsustainable. “Eventually, [rising rents and home prices] have to be supported by incomes,” he said.

It is also notable that 20 of the 25 least affordable housing markets are in either New York or  California, and disproportionately in high income areas. In some of these areas, the affordability ratio exceeds 100%, meaning that even a person with an average wage would not be able to afford even the average housing unit. The pattern of slow wage growth with the already very high housing costs is ultimately unsustainable.

To identify the least affordable housing markets, 24/7 Wall St. reviewed home affordability and rental affordability for U.S. counties from an analysis by ATTOM Data Solutions of U.S. Department of Housing and Urban Development data. For the ranking, we calculated a weighted average of the homeownership and rental affordability measures in each county, weighted by the percentages of owner- and renter-occupied housing units. Home prices and wage data -- used to determine whether home prices or wages or whether rents or wages are rising faster in each market -- also came from ATTOM.

Rental affordability is median fair market rent for a three-bedroom property as a percentage of the average monthly wage (based on average weekly wages). Home buying affordability is the monthly house payment for a median-priced home (based on a 3% down payment and including mortgage, property tax, homeowner’s insurance and private mortgage insurance) as a percentage of the average monthly wage.

These are the nation’s least affordable housing markets.

25. Contra Costa, California


Ownership as % of monthly wage: 58.6% of $5,495
Rent as % of monthly wage: 62.4% of $5,495
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


24. Nassau, New York


Ownership as % of monthly wage: 62.3% of $3,909
Rent as % of monthly wage: 51.9% of $3,909
Home prices or wages rising faster?: WAGES
Rents or wages rising faster?: RENTS




23. Richmond, New York

Ownership as % of monthly wage: 62.9% of $3,241
Rent as % of monthly wage: 59.7% of $3,241
Home prices or wages rising faster?: WAGES
Rents or wages rising faster?: WAGES


22. Alameda, California

Ownership as % of monthly wage: 69.6% of $3,566
Rent as % of monthly wage: 57.7% of $3,566
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


21. Santa Barbara, California

Ownership as % of monthly wage: 71.2% of $3,592
Rent as % of monthly wage: 58.9% of $3,592
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


20. Queens, New York


Ownership as % of monthly wage: 77.9% of $3,549
Rent as % of monthly wage: 56.2% of $3,549
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: WAGES




19. Westchester, New York

Ownership as % of monthly wage: 81.5% of $4,082
Rent as % of monthly wage: 42.2% of $4,082
Home prices or wages rising faster?: WAGES
Rents or wages rising faster?: RENTS

18. Nevada, California

Ownership as % of monthly wage: 69.5% of $3,623
Rent as % of monthly wage: 59.8% of $3,623
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


17. Rockland, New York


Ownership as % of monthly wage: 73.7% of $4,234
Rent as % of monthly wage: 53.0% of $4,234
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


16. San Francisco, California

Ownership as % of monthly wage: 89.4% of $3,636
Rent as % of monthly wage: 54.3% of $3,636
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


15. San Mateo, California

Ownership as % of monthly wage: 77.3% of $4,780
Rent as % of monthly wage: 52.4% of $4,780
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


14. Cape May, New Jersey

Ownership as % of monthly wage: 72.9% of $4,056
Rent as % of monthly wage: 59.3% of $4,056
Home prices or wages rising faster?: WAGES
Rents or wages rising faster?: RENTS


13. Ventura, California

Ownership as % of monthly wage: 74.3% of $4,273
Rent as % of monthly wage: 63.0% of $4,273
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


12. Sonoma, California

Ownership as % of monthly wage: 77.0% of $2,873
Rent as % of monthly wage: 60.4% of $2,873
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


11. Orange, California

Ownership as % of monthly wage: 80.9% of $8,108
Rent as % of monthly wage: 56.9% of $8,108
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


10. Monterey, California

Ownership as % of monthly wage: 82.0% of $7,826
Rent as % of monthly wage: 60.8% of $7,826
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: WAGES


9. Napa, California

Ownership as % of monthly wage: 78.6% of $4,325
Rent as % of monthly wage: 59.7% of $4,325
Home prices or wages rising faster?: WAGES
Rents or wages rising faster?: RENTS


8. San Luis Obispo, California

Ownership as % of monthly wage: 83.2% of $3,519
Rent as % of monthly wage: 55.8% of $3,519
Home prices or wages rising faster?: WAGES
Rents or wages rising faster?: WAGES


7. Honolulu, Hawaii

Ownership as % of monthly wage: 73.4% of $5,607
Rent as % of monthly wage: 70.7% of $5,607
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: WAGES


6. Maui, Hawaii

Ownership as % of monthly wage: 81.3% of $4,078
Rent as % of monthly wage: 70.6% of $4,078
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


5. Eagle, Colorado

Ownership as % of monthly wage: 92.2% of $4,104
Rent as % of monthly wage: 48.4% of $4,104
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: WAGES


4. Kings, New York

Ownership as % of monthly wage: 115.9% of $5,638
Rent as % of monthly wage: 64.3% of $5,638
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS\


3. Monroe, Florida


Ownership as % of monthly wage: 95.3% of $3,844
Rent as % of monthly wage: 72.2% of $3,844
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


2. Santa Cruz, California

Ownership as % of monthly wage: 104.8% of $5,061
Rent as % of monthly wage: 67.0% of $5,061
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


1. Marin, California

Ownership as % of monthly wage: 104.0% of $5,213
Rent as % of monthly wage: 77.3% of $5,213
Home prices or wages rising faster?: HOME PRICES
Rents or wages rising faster?: RENTS


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     425 Parkwood Drive, Bel Air, CA 90077 with 5 bedrooms, 6 baths, and 
6,898 sq.ft. is listed for sale at $18,890,000.

425 Parkwood Drive, Los Angeles, CA

This authentic Holmby Hills Paul Williams Traditional Estate is discretely set behind a gated, long redbrick driveway. This 6,898sf 2-story home, boasts 4 bedrooms+ Maid's quarters, 6 bathrooms, 4 fireplaces, elevator, Guest Apartment & motor court. Quality craftsmanship throughout this natural light filled home, featuring an exposed, open beamed wood ceiling, hardwood floors, custom built-in's & exquisite wood paneling. Chef's kitchen with Carrera marble surfaces, over-sized center islands, walk-in Butler's pantry, breakfast room & ample storage. The inviting family room, along with an elegant formal dining room with fireplace, exude style & charm. Master Suite is located upstairs with separate bathrooms, a fireplace & walk-in closets. 2 additional bedroom suites, plus office/gym complete the upstairs. 39,838sf lot of park-like grounds, with heated swimmer's pool/spa & mature trees surrounding property. Don't miss this rare opportunity to live in LA's finest area!

425 Parkwood Drive, Los Angeles, CA 

425 Parkwood Drive, Los Angeles, CA

425 Parkwood Drive, Los Angeles, CA

 
425 Parkwood Drive, Los Angeles, CA 

425 Parkwood Drive, Los Angeles, CA

425 Parkwood Drive, Los Angeles, CA

425 Parkwood Drive, Los Angeles, CA

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    5700 E Mc Donald Drive  #10, Paradise Valley, AZ 85253 with 4 bedrooms, 
5 baths, and 5,857 sq.ft. is listed for sale at $4,290,000.

5700 E MCDONALD Drive, Paradise Valley, AZ

Captivating Camelback Mountain views in a private sleek modern contemporary home within the world famous Sanctuary Resort! Open spaces and clean lines with views that stretch to twinkling city lights, Paradise Valley Country Club and hotel amenities at your fingertips. Lowest maintenance living with extraordinary finishes: Finecraft rift cut cabinetry, Turkish floors, black honed countertops, and more! Decks and patios to enjoy the soothing and dramatic vistas, (3) fireplaces, of this contemporary masterpiece by D. Dick Architecture. Tremendous investment opportunity as part of the Sanctuary Resort Services! 2-car garages is a visual rendering. Home practically re-built from the shell in 2014-2015

5700 E MCDONALD Drive, Paradise Valley, AZ

5700 E MCDONALD Drive, Paradise Valley, AZ

5700 E MCDONALD Drive, Paradise Valley, AZ

5700 E MCDONALD Drive, Paradise Valley, AZ

5700 E MCDONALD Drive, Paradise Valley, AZ

5700 E MCDONALD Drive, Paradise Valley, AZ

5700 E MCDONALD Drive, Paradise Valley, AZ
  
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    18128 Via Roswitha, Rancho Santa Fe, CA 92067 with 5 bedrooms, 5 baths, and 10,000 sq.ft. is listed for sale at $16,995,000.

18128 Via Roswitha, Rancho Santa Fe, CA 92067

First time ever offered for sale and featured in Architectural Digest, Harmony " as the home is named, is in a setting and offers a design that is pure Brilliance! Famed architect, Wally Cunningham made a conscious effort to open the structure to the 360-degree panorama and environment, which almost gives one the feeling of living outside. The 10,000 SF structure is all one-level living and is being offered fully furnished " all custom by Silver lining, Britains leading furniture makers.

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

18128 Via Roswitha, Rancho Santa Fe, CA 92067

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      1830 Mountain View Drive, Tiburon, CA 94920 with 6 bedrooms, 4 baths and 4,425 sq.ft. is listed for sale at $6,300,000.

1830 Mountain View Dr, Tiburon, CA 94920

Unsurpassed stunning renovation!Exceptional outside the box design work w/stunning never seen before tile work.Unobstructed GGB,SF,Bay & Belvedere Island views.Sweeping great room, surrounded by wrap around stone terrace.LR w/FP,dining area,chef's kitchen,family room w/FP adjoins kit.Guest suite on main level,MBR +4BD & media room downstairs.4th BD perfect office.Lg landscaped yd w/flat lawn,play area,2 separate pool sites.

1830 Mountain View Dr, Tiburon, CA 94920

1830 Mountain View Dr, Tiburon, CA 94920

1830 Mountain View Dr, Tiburon, CA 94920

1830 Mountain View Dr, Tiburon, CA 94920

1830 Mountain View Dr, Tiburon, CA 94920

1830 Mountain View Dr, 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     1000 14th Avenue E, Seattle-Madison Park, WA 98112 with 7 bedrooms, 8 baths, and 12,280 sq.ft. is listed for sale at $7,500,000.

1000 14th Ave E




Coveted as one of Seattle’s finest homes the Eckstein Estate is sited on 3 city lots. This 



















Coveted as one of Seattle’s finest homes the Eckstein Estate is sited on 3 city lots. This
classic Georgian Revival features stunning period details such as a fireplace created by Louis Comfort Tiffany. The estate’s present owners have meticulously updated the home while maintaining its original charm. No detail of this impeccable restoration was overlooked. An incredible new kitchen, master suite, guest quarters & multiple indoor & outdoor entertaining spaces offer the ultimate in urban living.

1000 14th Ave E, Seattle, WA

1000 14th Ave E, Seattle, WA

1000 14th Ave E, Seattle, WA

1000 14th Ave E, Seattle, WA\

1000 14th Ave E, Seattle, WA

1000 14th Ave E, Seattle, WA

1000 14th Ave E, Seattle, WA

1000 14th Ave E, Seattle, 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