Saturday, January 21, 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     2900 Spring Mountain Road, Saint Helena, CA 94574 with 7 bedrooms, 6 baths, and 9.600 sq.ft. is listed for sale at $33,000,000.


This unprecedented opportunity to own and experience the quintessential Napa Valley lifestyle features a breathtaking 40-acre vineyard estate, 12,000 square feet of luxury living, acclaimed and high-end winery business, and an additional 2.25 acre home site on Spring Mountain Road, primed and graded for immediate construction. Gated and immensely private, a long driveway leads to the expansive motor court and custom-built primary residence and guest house complete with high-end finishes and materials, soaring ceilings, and French doors throughout. The sprawling grounds feature an 80-foot swimmer's pool, outdoor kitchen with pizza oven, koi ponds and mature gardens, and various outdoor entertaining areas amidst a stunning panoramic view of Napa Valley. The profitable award-winning winery also includes its current inventory of wine that consistently scores 90-96 points by Robert Parker, valued at $7.2M. This is truly a once in a lifetime opportunity to own a coveted Napa Valley estate which produces some of the premier wines the region has to offer.  

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Today's Top Real Estate News  
Whether Expansion or Recession in 2017, Housing will Survive
Jan 20 2017, 1:08PM


By Jann Swanson
Mortgage News Daily

How will the economic philosophy that was altered by the last election actually evolve into policy? The is the question raised by Fannie Mae's Economic and Strategic Research Group, headed by Doug Duncan, Senior Vice President and Chief Economist say, in their January economic forecast.  With limited information available on the economic priorities of the Trump Administration, and those of the House and Senate also uncertain, "establishing reasonable estimates of the nature and sequencing, much less the magnitude, of policy changes [is] unusually challenging." Thus, the company's economic team says its theme for 2017 is "Will Policy Changes Extend the Expansion?"

Incoming data supports the company's expectations that the strong growth in the third quarter was unsustainable and the current estimate is for the economy to continue growing below potential at about 2 percent through 2017.  If so, in March it will become the third longest and the weakest expansion since World War II.  There are minor signs of inflation, consumer debt is rising, and business investment languishes.  Some potential members of the Administration have made statements in support of tax reduction and regulatory relief but there are also comments about tightening trade rules which may work against an improved business environment.  The economists say that while they believe that some form of fiscal stimulus and deregulation might happen later this year or next year that could boost growth, they have not included any new federal policies in their baseline forecast.

So how long will the expansion last?  Fannie Mae says it has not changed its forecast to reflect the uncertain nature of policy actions but the timing and content of changes "could make the difference between an accelerating economy and a recession."  In either scenario, its expectation is that housing will cope reasonably well. 

A year ago the forecast was for the housing market to face affordability challenges as the expansion moved into its late cycle.  Strong home price gains that outpaced income growth, rising interest rates, and elevated rents and the impact on savings would particularly affect first-time buyers.  Fannie Mae projected a moderation in home sales from the 2015 increase of 7.0 percent to 3.7 percent.  Despite the surge in interest rates after the election, the year's average was the lowest since Freddie Mac became to keep score in 1972.  Fannie Mae says it also underestimated price appreciation and inventories of both new and existing homes remained tight, putting pressure on prices.

Existing home sales hit an expansion high in November but pending home sales, which typically predict upcoming sales one to two months later, fell substantially, suggesting an impact from rising interest rates.  Price gains appear to have been stronger in 2016 than the prior year and inventories remained tight all year, partially because of a dwindling number of distressed sales coupled with a downtrend in mobility rates with the share of Americans changing residences falling to an all-time low.



Residential spending rose in November, confirming expectations of a strong rebound in residential investment in the fourth quarter after two straight quarterly declines.  However, for all of 2016 homebuilding was a disappointment; housing starts grew at just half the 10.8 percent pace in 2015 rather than meeting expectations that growth would hold steady.  Lack of skilled labor and available building sites along with the increased cost of mortgage lending contributed to the poor homebuilding performance.



Homebuilder confidence improved after the election based on expectations of deregulation, but lender sentiment as measured by Fannie Mae's quarterly survey, eroded.  A majority of lenders cited unfavorable mortgage rates for a worsening near-term outlook.  Consumer sentiment expressed in the National Housing Survey declined in December for the fifth consecutive month with rising interest rates tamping down home purchase sentiment.

Mortgage rates, after rising for eight consecutive weeks after the election and reaching the highest level since April 2014, have now backed off and have fallen more than 20 basis points since the first of the year.  Fannie Mae expects them to rise only gradually to about 4.3 percent by the fourth quarter of 2017.  There is a risk that rates could rise faster but if income growth also strengthens, then the housing recovery can continue as expected.
Demographic factors favor housing, with research showing that oldest Millennials have begun to buy homes and are closing the homeownership attainment gap with their 
predecessors.  There will be further slowdowns in the accelerating pace of home sales and single-family starts this year but a gain for multi-family construction starts after a decline in 2016, the first in seven years.



The company has revised higher by about $30 billion its forecast for refinance originations in the fourth quarter of 2016 and modestly downgraded the forecast for 2017.  Projections for purchase originations are slightly higher due to stronger existing home sales and home price gains but moderated by weaker housing starts and new home sales than predicted earlier. 

Mortgage originations for all of 2017 will be down 19 percent from an estimated $1.94 trillion in 2016 to $1.57 trillion as the decline in refinancing outpaces the increase in purchase originations. The refinance share is expected to decline from 48 to 33 percent
Today's Top LA Luxury Estate Listed For Sale 



The median home value in Los Angeles County is $551,600. Los Angeles County home values have gone up 7.4% over the past year, Zillow predicts they will rise 2.6% within the next year.

The median home value in Brentwood, 90049 is $2,523,000. Brentwood home values have gone up 10.5% over the past year.  Zillow predicts they will rise 3.0% with the next year.

The median home value in Malibu  is $2,893,700.  Malibu home values have gone up 6.6% 
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 $3,309,900. 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     130 S Burlingame Avenue, Brentwood, CA 90049 with 7 bedrooms, 12 baths, and 13,050 sq.ft. is listed for sale at $19,995,000.


Majestic proportions in Brentwood Park on a rare ocean view lot for the Georgian Traditional Estate residing here, recently completed with utmost taste & fine amenities. Included among them are: full home automation, premium appliance brands such as LaCanche, Subzero & Asko, rare stone surfaces, artisan tilework using interwoven mosaics and paneled walls. Large flat lot has field-size yard, Putting Green, Salt water Pool, Cabana w/Kitchen & full bath plus outdoor Living Rm Lanai w/fireplace. Double LivRm, Music Rm and Library are primary gathering rooms. Master Suite is an expansive domain appropriate for these environs with gorgeous bath suites. The compound is totally secure & private, ask agent re: add'l hi-security features. Movie Theatre, Billiards & Sports Hall w/ Bar, Wine Cellar w/dining, Gym & Yoga Studio, Gift/Crafts Rm, Elevator and multiple powder rms complete an endless amenities list for this coveted location, atop a natural bluff overlooking forested vistas to the sea.









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

The median home value in Scottsdale is $416,400. Scottsdale home values have gone up 4.0% over the past year. Zillow predicts they will rise 2.4% withiin the next year.

The median home value in Carefree is $750,000. Carefree home values have gone up 
4.8% over the past year.  Zillow predicts they will rise 2.7% within the next year.

The median home value in Paradise Valley is $1,609,500. Paradise Valley home values have gone up 2.7% over the past year. Zillow predicts they will 2.0% with the next year.
      
#1     6602  N Ridgeway Drive, Carefree, AZ 85377 with 4 bedrooms, 5 baths, 7,418 sq.ft. is listed for sale at $2,695,000.


Welcome to Paradise in Carefree, Arizona! High on the south side of Black Mountain, rests a 9.9 acre luxury estate with spectacular mt. views and city lights, flush with majestic saguaros and desert flora. ''YOU CAN SEE FOREVER'' has new meaning as your gaze rotates 180 degrees plus. The custom home was refreshed in 2012 by a noted homebuilder that included the kitchen, family, room, breakfast area, and the guest suite rooms upgrading the home to a new level of luxury and comfort. The stately master suite and bath includes a huge master walk-around closet. There are an additional 3 bedrooms with ensuite baths, library area, 2nd family room/bonus space, and more. The spacious patios surround the home providing infinite views. The pool,spa,and barbeque spaces invite a party every day!











Today's Top San Diego Luxury Estate Listed For Sale


The median home value in San Diego County is $529,500. San Diego County home values have gone up 6.3% over the past year. Zillow predicts they will rise 2.4% within the next year.

The median home value in La Jolla, 92037 is $1,497,500. La Jolla, 92037 home values have gone up 6.5% over the past year.  Zillow predicts they will rise 2.3% within the next year.

The median home value in Solana Beach 92075 is $1,250,700. Solana Beach 92075 home values have gone up 3.3% over the past year.  Zillow predicts they will rise 2.5% within the next year.

The median home value in Del Mar 92014 is $1,675,700. Del Mar home values have gone up 9.1% over the past year.  Zillow predicts they will rise 2.5% with then next year.

The median home value in Rancho Santa Fe is $2,675,200. Rancho Santa Fe home values have declined -4.3% over the past year and Zillow predicts they will fall -1.1% within the next year.  

#1     5479 Rutgers, La Jolla, CA 92037 with 6 bedrooms, 6 baths, and 4,945 s.ft. is listed for sale at $3,390,000.



Magnificent, jaw-dropping panoramic views of the blue Pacific ocean, Downtown skyline, Coronado Bridge, Mission Bay and endless beaches! This functional floor plan consists of 6br/6ba, an expansive LR with custom vaulted wood beam ceilings, cozy firepllace and brilliant water views, wall to wall windows in DR make hosting friends that much more special. Backyard is an entertainers dream with pool and spa surrounded by privacy of tropical landscaping. Grand master retreat with en-suite bath, fireplace and vaulted wood ceilings.










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 $1,146,800. San Francisco home values have gone up 1.6% over the past year.  Zillow predicts they will rise 0.3% within the next year.

The median home value in Sausalito is $1,258,500. Sausalito home values have gone up 4.8% over the past year. Zillow predicts they will rise 0.5% within the next year. 

The median home value in Tiburon is $2,475,900. Tiburon home values have gone up 2.0% over the past year.   Zillow predicts they will rise 0.8% within the next year. 

The median home value in Saratoga is $2,372,300. Saratoga home values have gone up 0.8% over the past year.  Zillow predicts they will fall -0.3% within the next year. 

#1     13075 S Alta Lane, Los Altos Hills, CA 94022 with 5 bedrooms, 6 baths, and 5,789 sq.ft. is listed for sale at $6,998,000.

13075 S Alta LN, LOS ALTOS HILLS, CA

New contemporary home with breathtaking views designed by award-winning M Designs Architects. Stacked stone and cedar define the sleek modern lines of the exterior. Spacious living/dining room combination spans the depth of the home overlooking the family room; retractable glass doors open to a front terrace with views out to the Bay. Short flight of steps down to the open kitchen and family room with exquisite wood-paneled ceiling and views on three sides. Kitchen with lacquered custom Porcelanosa cabinetry topped in quartz, large island with counter seating, top-of-the-line appliances and large walk-in pantry. Upstairs master bedroom suite with walls of windows and sliding doors to a beautiful terrace w/ unobstructed views. Lower-level home theatre, spacious recreation room w/ full bar and full bathroom. Beautifully landscaped grounds include a series of front decks and level lawn areas. Secluded pool in a resort-like setting. Just minutes to the Village. Excellent Los Altos Schools!

13075 S Alta LN, LOS ALTOS HILLS, CA

13075 S Alta LN, LOS ALTOS HILLS, CA

13075 S Alta LN, LOS ALTOS HILLS, CA

13075 S Alta LN, LOS ALTOS HILLS, CA

13075 S Alta LN, LOS ALTOS HILLS, CA

13075 S Alta LN, LOS ALTOS HILLS, CA

13075 S Alta LN, LOS ALTOS HILLS, CA


13075 S Alta LN, LOS ALTOS HILLS, CA

Today's Top Seattle Luxury Estate Listed For Sale

Image result for Seattle

The median home value in Kirkland is $594,400.  Kirkland home values have gone up 13.1% over the past year.  Zillow predicts they will rise 5.3% within the next year.

The median home value in Seattle is $609,100. Seattle home values have gone up 13.3% over the past year. Zillow predicts they will rise 4.7% within the next year.

The median home value in Bellevue is $751,300. Bellevue home values have gone up 13.5% over the past year. Zillow predicts they will rise 4.8% within the next year. 

The median home value in Clyde Hill is $2,149,500. Clyde Hill home values have gone up 7.7% over the past year. Zillow predicts they will rise 3.3% within the next year 

The median home value in Medina is $2,353,600. Medina home values have gone up 
10.6% over the past year and Zillow predicts they will rise 4.2% within the next year. 
    
#1     9015 NE 21st Place, Clyde Hil, WA 98004 with 6 bedrooms, 7 baths, and 
6,074 sq.ft. is listed for sale at $4,688,000.

9015 NE 21st Place, Clyde Hill, WA
BDR Fine Homes, a Bennett Family Company, presents a fresh new modern design in the coveted Clyde Hill neighborhood. Elegant drive court. Level south backyard. 5 Bedroom Suites / main floor Guest Bedroom w/TV/Fireplace, spacious Outdoor Living Room, Chef's Kitchen and more. Build with the BDR Team...a proud two (2) time winner of the coveted Builder of the Year Award presented annually by the Master Builders Association. 

9015 NE 21st Place, Clyde Hill, WA

9015 NE 21st Place, Clyde Hill, WA

9015 NE 21st Place, Clyde Hill, WA

9015 NE 21st Place, Clyde Hill, WA

9015 NE 21st Place, Clyde Hill, 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