Wednesday, January 4, 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     27465 Winding Way, Malibu, CA 90265 with 10 bedrooms, 12 baths, and 
18,075 sq.ft. is listed for sale at $32,995,000


One of Malibu’s finest estates positioned perfectly on a private 4.8 acre knoll top with head on unobstructed ocean view of Catalina. Located at the end of a long private gated driveway. Offering the finest in architecture, construction and amenities, reminiscent of one of the great villas on the Amalfi Coast, featuring an incredible two story living room, wood paneled library, gourmet commercial kitchen, family room, theater, gym, wine cellar, incredible romantic master suite and guest house. All opening to spectacular grounds that feature rolling lawns, an infinity pool, sports court, basketball court, covered patios, and outdoor terraces perfect for major entertaining. Extremely secluded and private. First time on the market.










Today's Top Real Estate News

Rising Rates Threaten To Complicate 2017 Housing Outlook

By Sam Diedrich, Contributor
Forbes

Throughout 2016, U.S. housing prices continued to rise by about 5% year-over-year, adding to the cumulative gains made since the lows of 2011. Nationally, home prices now stand above the pre-crisis peak, as measured by the S&P CoreLogic Case-Shiller U.S. National Home Price Index. However, the recent trend toward higher interest rates has raised concerns about the outlook for home prices going into 2017, eliciting a range of responses from sheer panic to resilient optimism.

Home Prices are Now above their Pre-Crisis Peak. Source: S&P CoreLogic Case-Schiller, Bloomberg (12/16/16)

Home Prices are Now above their Pre-Crisis Peak. Source: S&P CoreLogic Case-Schiller, Bloomberg (12/16/16)

The post-election interest-rate move has been swift and significant, on a scale and span that mirrors the ‘Taper Tantrum’ of 2013. In that episode, the mere telegraphing by Fed officials that the end of monetary easing was near, amid an uncertain outlook for growth, roiled financial markets across the globe. Equities suffered alongside credit as markets traded lower. As bond spreads moved out, lending conditions tightened in the mortgage market. As a result, existing home sales fell and new home sales stalled.



In this more recent rate rise episode, however, equities have moved higher and credit spreads have narrowed—at least so far. In fact, the total return of the Bank of America Merrill Lynch U.S. High Yield Index was still positive on the quarter through mid-December, despite the fact that rates are now well above  the summer’s lows by more than 100 basis points. The key difference this time versus the Taper Tantrum, is today’s very positive growth expectations, driven by the prospects of lower tax rates, lower regulations and increased infrastructure spending.

Higher Rates Lower Affordability

While higher rates have so far had a fairly benign impact on financial markets, they have led to an increase in mortgage rates. Higher mortgage rates can decrease housing affordability, and thus have the potential to lower the demand for home purchases. According to Bankrate.com, the average national rate for a 30-year fixed mortgage was just over 4.15% in mid-December, around 85 basis points higher than the 3.3% lows of September. This means that a home buyer purchasing a new home with 20% down at October’s median home price of $304,500 would now have to pay $1,187 per month at a 4.17% rate, versus  $1,070 at a 3.32% rate—an increase of $117 per month.

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      5664 Calphine Drive, Malibu, CA 90265 with 5 bedrooms, 6 baths, and 
6,404 sq.ft. is listed for sale at $7,495,000.

5664 Calpine Dr, Malibu, CA 90265

A new stunning architectural home designed by local designer/builder Michael Torrey of Avalon Construction Corp with unique expansive interior exterior space for indoor outdoor living, surrounded by mountain & ocean views in this quiet equestrian neighborhood. From the 6x10 custom corten steel pivot entry door to custom cabinetry throughout every room, the home exudes the passion of his design, attention to detail and quality construction. Wide plank oak floors and custom cabinets provide warmth and beauty for the dramatic open living space framed by two exposed 86' steel beams. Special lighting to accent art or sets a calm evening mood next to the fireplace while taking in the view through the floor to ceiling Fleetwood windows and doors. A floating corner bank of doors open off the Fresco kitchen and family room to a deck to double your entertainment area. Conveniently located w/easy access to mountain trails, 1 ~ miles from schools, restaurants, and golf cart ride or bike to beach.

5664 Calpine Dr, Malibu, CA 90265

5664 Calpine Dr, Malibu, CA 90265 

5664 Calpine Dr, Malibu, CA 90265

5664 Calpine Dr, Malibu, CA 90265

5664 Calpine Dr, Malibu, CA 90265


5664 Calpine Dr, Malibu, CA 90265

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 $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       20958 N 112th Street, Scottsdale, AZ 85255 with 5 bedrooms, 7 baths and 
7,421 sq.ft. is listed for sale at $6,395,000.



Unparalled views in the Upper Canyon from this estate home by Paragon Custom Homes. Permit ready plans are perfect for clients that want to customize their own home. This mainly single level home includes 4 bedrooms, plus office on main level plus a spacious guest castia with separate entrance above it's own garage. This home has city lights, sunsets and mountain views from every room. Plenty of yard space and pool area for entertaining and enjoying the unobstructed views.





















































































































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     6190 San Elijo, Rancho Santa Fe, CA 92067 with 6 bedrooms, 7 baths, and
 8,000 sq.ft. is listed for sale at $7,750,000.



Discover extraordinary Luxury Living in this Brand New custom ONE-LEVEL estate by Richard Doan. Situated in an A+ Covenant location " 1 minute to Covenant golf course, village and award winning schools. Voluminous & perfectly scaled rooms designed for entertaining and the 40 foot electronic doors make indoor/outdoor living seamless. The stunning Master suite offers separate His & Her Spa baths and dressing areas, sophisticated Lounge / Office off entry, stylish floating sit down wet bar.







Today's Top San Francisco Bay Area 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     2068 Biarritz Place, San Jose-Evergreen, CA 95138 with 5 bedrooms, 7 baths, and 8,451 sq.ft. is listed for sale at $5,588,000.

2068 Biarritz Pl, San Jose, CA 95138

Presenting the finest bay view estate in Silver Creek Valley Country Club, Silicon Valleys only Private Gated Country Club Community. The inspired modern design captures natural light and views from three directions in every room. Secure and private setting off prestigious Biarritz Place on a full 1+/- acre homesite. Built by owner/builder in 2002 the home is approximately 8451 SF, 4 bedrooms (plus guest quarters/apartment with private entrance) 5 full baths and 2 half baths. Game Room, Card Room, Den/Office, 3 Wet Bars, 
Solar, Vineyard, 2 separate garages totaling over 2100 sf can accommodate 8+ cars.

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

2068 Biarritz Pl, San Jose, CA 95138

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     4634 NE 95th Avenue, Yarrow Point, WA 98004 with 4 bedrooms, 4 baths, and 4,281 sq.ft. is listed for sale at $3,495,000.

4634 95th Ave Ne, Yarrow Point, WA 98004

Lakeside Lifestyle on Yarrow Point. Enjoy views of the lake and shared waterfront access from this classically styled home. The living and dining rooms overlook the expansive deck and lake. The epicurean kitchen includes top of the line appliances. Watch the sunrise over the lake from the main floor master suite. Find 3 bedrooms and bonus room with doors leading to the private lawn, BBQ and covered outdoor living spaces. Enjoy bike rides and neighborhood parades in the coveted Yarrow Point community.


4634 95th Ave Ne, Yarrow Point, WA 98004

4634 95th Ave Ne, Yarrow Point, WA 98004

4634 95th Ave Ne, Yarrow Point, WA 98004

4634 95th Ave Ne, Yarrow Point, WA 98004

4634 95th Ave Ne, Yarrow Point, WA 98004

4634 95th Ave Ne, Yarrow Point, WA 98004




ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.18%4.21%-0.033.34%4.38%
15 Yr FRM3.37%3.40%-0.032.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.19%4.23%-0.043.41%4.40%
5/1 Yr ARM3.01%3.05%-0.042.80%3.25%
Updated: 1/3/17 4:50 PM
Mortgage Rates Lowest in Weeks
Jan 3 2017, 4:52PM



Mortgage rates improved slightly to begin 2017, bringing them to the lowest levels in nearly a month, on average.  December 8th was the last time rates were lower.  During December, conventional 30yr fixed quotes were straying into the 4.375%-4.5% territory for many lenders.  Now, nearly every lender is back down to 4.25% at least, with several already down to 4.125%.  These rates assume a top tier scenario with no negative adjustments.

Today's victory was far from a given.  That looked especially true this morning as bond markets got off to a weaker start (bond market weakness implies higher rates).  Indeed, most lenders were slightly worse off this morning.  Bonds improved, somewhat substantially, as the day wore on.  Ultimately, most lenders repriced for the better (i.e. they saw enough market movement to move rates lower in the middle of the day).  Keep in mind, mid-day price improvements will seldom result in a lower contract rate.  Rather, the improvements are more likely to be seen in the form of lower upfront costs.

Loan Originator Perspective


Big week ahead with trading volume ramping back up after the holidays and important data like the national jobs/employment report on Friday.  Market momentum is seemingly leveling off here, and perhaps turning in our favor.  It's too early to discount what has transpired post-election.  This could just as easily be a pause before the next move higher.  I'd remain defensive/cautious until we see a more substantial confirmation that rates were building downward momentum.  -Gus Floropoulos, VP, The Federal Savings Bank

Bond markets posted gains through mid day today, despite solid ISM data and no "end of month" demand (as compared with last week).  The action is encouraging, hopefully indicating we've hit a short term ceiling for rates.  It's certainly too early to pronounce an end to rising rates though, but at least pricing is improving.  I'd definitely float till late PM if locking today, many lenders have repriced better as of early PM, but more are sure to follow. -Ted Rood, Senior Originator

Bonds are managing a decent rally off the lows of this morning.   With the gains holding going into closing, I favor floating.   I feel the risk is worth it to float to see if this trend can continue.  If you do wish to lock, wait until as late as possible to allow your lender time to reprice for the better. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.125-4.25%
  • FHA/VA - 3.75%
  • 15 YEAR FIXED - 3.375%
  • 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