Saturday, January 7, 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     1000 Spraddle Creek Road, Vail, CO 81657 with 5 bedrooms, 9 baths, and 
12,221 sq.ft. is listed for sale at $24,900,000




Enjoy endless sunshine and magnificent panoramic views of Vail Mountain from every room in this breathtaking home located in Vail's most exclusive, gated neighborhood. Boasting over 12,000 square feet, this 5 bedroom, 9 bath home with office tower, movie theatre, spacious home gym with steam shower, glass enclosed wine cellar, craft room, elevator, detached massage hut, and oversized 4 car garage. Over 2,900SF of heated patios with custom infinity pool, pizza oven, fire pit, and water feature.








Today's Top Real Estate News

The Most Competitive Neighborhoods of 2016


Homebuyers were most likely to face competition in Seattle, Boston, Denver and San Francisco




“We put the home on the market on Thursday, got immediate interest and accepted the strongest offer at $15,000 over asking price by Sunday,” recalled Redfin real estate agent in Bellevue, Marina Pelzel.

 She helped her clients sell their three-bedroom townhome in the red-hot neighborhood of Factoria in Bellevue, Washington in August. In addition to the high offer price, the buyers waived the inspection contingency and already had their loan fully approved by their lender, making it nearly as strong as a cash offer.

Factoria earned the distinction of being named the most competitive neighborhood for homebuyers in 2016. Our ranking is based on several indicators of competition, including the percentage of homes that sold for more than their asking price, how quickly homes went under contract and annual price growth in 2016.

In Factoria, 62 percent of homes sold for over asking price and the typical home found a buyer in just seven days.

Stand-out cities

Seattle was home to 10 of the country’s 30 most competitive neighborhoods. In addition to Factoria, the University District and Woodridge landed in the top 10.

Eight Boston-area neighborhoods ranked, led by Washington Square (Brookline) and Prospect Hill (Somerville).

Denver had seven hoods in the top 30, including Lakeside and West Pleasant View (Golden).

Three San Francisco neighborhoods made the list. Washington, D.C. and Los Angeles also cracked the top 30, each with one neighborhood named.

RankNeighborhood (City)MetroMedian Sale Price2016 Home Price GrowthAvg Sale-to-List Price% Sold Above AskingMedian Days on Market% All Cash
1Factoria (Bellevue)Seattle, WA$352,50025.9%104.9%62.1%746.3%
2University District (Seattle)Seattle, WA$559,00022.2%105.1%66.1%734.8%
3Washington Square (Brookline)Boston, MA$945,00030.0%102.1%55.9%742.7%
4Prospect Hill (Somerville)Boston, MA$635,00030.9%102.6%56.9%841.2%
5Inner Richmond (San Francisco)San Francisco, CA$1,900,00026.0%111.5%83.0%1333.8%
6Dolores Heights (San Francisco)San Francisco, CA$1,895,00030.7%108.3%68.0%1436.2%
7Woodridge (Bellevue)Seattle, WA$708,50012.5%107.0%74.3%736.8%
8Lakeside (Wheat Ridge)Denver, CO$370,00027.6%102.1%58.4%632.3%
9West Adams (Los Angeles)Los Angeles, CA$550,68822.5%103.7%68.6%1237.9%
10Brickyard Road-Queensgate (Bothell)Seattle, WA$324,00020.0%104.8%80.4%525.0%
11South Delridge/Westwood (Seattle)Seattle, WA$349,95022.8%103.9%62.5%729.2%
12West Pleasant View (Golden)Denver, CO$350,00020.1%102.3%47.8%638.5%
13College View (Denver)Denver, CO$230,00031.4%100.7%56.6%541.7%
14Hoffman Town (Aurora)Denver, CO$238,69015.9%101.7%51.4%640.4%
15Mountlake Terrace (Seattle)Seattle, WA$360,00031.8%103.8%55.8%726.4%
16Bryant (Seattle)Seattle, WA$760,00019.3%106.4%66.2%723.2%
17Highline Villages (Aurora)Denver, CO$184,45019.0%102.1%60.0%527.5%
18Belmont (Cambridge)Boston, MA$907,50015.2%103.8%60.0%728.1%
19East Watertown (Watertown)Boston, MA$549,75018.2%103.4%61.2%725.9%
20East Riverdale (Riverdale)Washington, DC$241,00022.3%102.7%47.1%1445.5%
21South Everett (Everett)Seattle, WA$299,00015.0%101.9%68.4%730.3%
22West Cambridge/Harvard Square (Cambridge)Boston, MA$990,0003.7%108.5%72.4%743.3%
23Union Square (Lakewood)Denver, CO$194,50018.8%101.2%52.5%432.0%
24Waverley Square (Belmont)Boston, MA$537,00014.3%102.8%53.7%832.6%
25Rose Hill (Redmond/Kirkland)Seattle, WA$690,00034.8%102.7%67.0%721.1%
26Union Square/Ward Two (Somerville)Boston, MA$661,12510.2%103.9%60.3%833.3%
27Horseshoe Park (Aurora)Denver, CO$223,00023.9%102.6%62.7%520.8%
28Benson Hill (Renton)Seattle, WA$288,50017.3%102.1%60.2%829.0%
29Parkside (San Francisco)San Francisco, CA$1,280,00013.8%113.4%77.3%1831.6%
30Jamaica Plain (Boston)Boston, MA$561,00021.7%104.9%66.7%718.8%

What’s driving the competition? Continuously low inventory is one key factor. A six-month supply of homes for sale signals a balanced market between buyers and sellers, but home supply in most metros featured in the top 30 hovered near one or two months throughout the year.

The results this year were similar to our findings last year. The top 30 most competitive neighborhoods in 2015 were located in just four cities: Boston, Portland, San Francisco and Seattle. While Portland remains a hot seller’s market, it was edged out by Denver this year in the top 30.

In the most competitive neighborhoods, bidding wars, escalating prices and fast sales are the rule, not the exception. Many buyers realize they may not be able to get their dream home in these markets, and must instead make some concessions on location, price, move-in readiness or other factors. Redfin real estate agents have some strategies on how to compete in a tough market.

Matt Schorr, a Redfin real estate agent in San Francisco, says it’s helpful to submit a streamlined offer that makes it easy for the seller to close quickly. “Start by choosing a local mortgage lender who knows your market and can fully underwrite your loan before you even  go under contract, that way the seller knows your financing is secure, and your offer will better compete with all-cash offers,” Schorr said. “Another way to strengthen your offer is to shorten or waive your inspection contingency. Prior to doing so, make sure you and your real estate agent closely review the seller’s disclosures and any pre-inspections for red flags.”

Bidding war strategies often come with risks for the buyer, so we recommend speaking to a Redfin agent in your neighborhood to determine the right strategy for you. Below are links to more information about how to successfully buy a home in a competitive market

Which neighborhoods will be most competitive in 2017? Next month, we’ll publish our Hottest Neighborhoods of 2017 report, an analysis of Redfin.com user activity data and local Redfin agent insights that predicts which neighborhoods will heat up in the new year.

Methodology: To determine the rankings, we analyzed five factors in 27 metro areas. The rankings were based on transaction data from multiple listing services and public records data in 27 major metropolitan areas. Each factor was given equal weighting, with the exception of the average sale-to-list price ratio, which was given three times the weight as it best represents the effect of competition. Neighborhoods must have had at least 50 home sales between January 1, 2016 and December 5, 2016 to be included in the top 30 national ranking. Only condo, single-family home and townhome sales were included. We controlled for the overlapping or duplication of neighborhoods. The five factors analyzed were:
  1. Year-over-year median sale price growth (year-to-date through December 5 for each year)
  2. Percentage of listings that sold above asking price
  3. Median days on market
  4. Average ratio of sale price to list price
  5. Percentage of homes that sold for all cash


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     28820 Grayfox Street, Malibu, CA 90265 with 6 bedrooms, 6 baths, and 
6,000 sq.ft. is listed for sale at $9,995,000


Located amid this enclave of celebrities and those that treasure privacy, is this rare gem of a property. Steps to world class beaches with access via a private beach gate. This stately 3-story Mediterranean estate offers 360 ocean and mountain views from the tower room. There are two separate/detached guest apartments. Gated and private on over an acre with tennis court, salt water pool, spa, barbeque and loggia area, lawns, orchard and children's play area! The main residence offers a graceful two-story foyer with curved staircase; open style living dining areas; family/media room with salt water aquarium, fireplace, custom built-in seating, wet bar and wine cellar; additional oversized family/game room. The master retreat features a fireplace, private balcony, spa bathroom and walk-in closet. Two separate 3-car garages, additional guest parking, plus room for the Airstream! An entertainers paradise! This address is the most sought after street on Pt.Dume!




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
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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     10995 E Wingspan Way, Scottsdale, AZ 85255 with 5 bedrooms, 10 baths and 10863 sq.ft. is listed for sale at $11,700,000

10995 E Wingspan Way, Scottsdale, AZ 85255

Nestled in the Upper Canyon of Silverleaf you will find this one of a kind ''Turn-Key'' compound. It's as simple as packing your clothes and moving in! Master suite includes a private outdoor spa, separate his & her bathrooms/closets, and see-through fireplace. This primary residence (10,139 square feet) and separate guest house with full kitchen (724 square feet) were designed to entertain and are equipped with 14 fireplaces, 2 fire pits, 7 high ceiling garages (capable of holding 11 cars comfortably with lifts), 2 separate BBQ stations, 2 fire pits, 2 private courtyards and more! All furniture included in sale.

10995 E Wingspan Way, Scottsdale, AZ 85255

10995 E Wingspan Way, Scottsdale, AZ 85255

10995 E Wingspan Way, Scottsdale, AZ 85255

10995 E Wingspan Way, Scottsdale, AZ 85255

10995 E Wingspan Way, Scottsdale, AZ 85255

10995 E Wingspan Way, Scottsdale, AZ 85255

10995 E Wingspan Way, Scottsdale, AZ 85255

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     7060 Via Del Charro, Rancho Santa Fe, CA 92067 with 6 bedrooms, 5 baths, 
and 4,855 sq.ft. is listed for sale at $2,950,000.


Park-like estate with a stunning 5br + den, 4.5-bath single-level main house that was redesigned and extensively upgraded in 2009. The large but intimate great room has soaring wood-beam ceilings, wide-plank hardwood floors, and french doors that open wide to let the sunshine in! Pool/spa, 3-car garage, detached 2br guest house, lighted tennis court, detached office, RSF schools, no HOA, and the master suite was highly upgraded in 2016! Plenty of room to spread out and enjoy the Ranch - horses OK too!






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      119 Bersano Lane, Los Gatos, CA 95030 with 3 bedrooms, 3 baths, and 
2,400 sq.ft. is listed for sale at $2,299,000.

119 Bersano Ln, Los Gatos, CA 95030

Top of the Line model home with upgraded Designer Details in Every Room*Peaceful Bella Vista community built in 2007 by Robson Homes*Stunning Indoor/Outdoor Floor-plan*Wolf, Subzero & Thermador Appliances*Impressive wood clad and beamed ceilings*Attractive stone fireplaces*Terra Cotta Tile floors downstairs*Hand scraped Wood & Berber carpet upstairs*Fabulous Master Suite with spa style master bath and finished walk-in closet*Stunning cabinetry upgrades throughout*Wood paneled bedroom with full wall of cabinetry*Built-in display in upper hall*wood clad mudroom*butlers pantry*Central Vacuum*Fabulous Entertainers Yard with fireplace*outdoor kitchen and built-in bar*Exquisite inlaid tile patio and terrace*Upper terrace and Juliette Balcony with gorgeous views*Community park overlooking Vasona Lake*$400K in builder upgrades meticulously maintained by single original owner

119 Bersano Ln, Los Gatos, CA 95030

119 Bersano Ln, Los Gatos, CA 95030

119 Bersano Ln, Los Gatos, CA 95030

119 Bersano Ln, Los Gatos, CA 95030

119 Bersano Ln, Los Gatos, CA 95030

119 Bersano Ln, Los Gatos, CA 95030

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      1111 Whidbey Island, Langley, WA 98260 with 5 bedrooms, 7 baths, and
8,084 sq.ft. is listed for sale at $4,495,000



Offered for the first time, this magnificent estate built in 2006 showcases panoramic views of the Saratoga Passage, Cascade Mountains & Mt. Baker. Situated on almost 10 acres of private property including old growth forest and 330 feet of high-bank waterfront. The shingle style architecture reflects the Island’s history while echoing elegant Eastern Seaboard and English Countryside Estates. The main residence’s first floor home features two bedrooms, two and one half baths, a rotunda, library with fireplace, living room with fireplace, large kitchen with a built-in dining nook and butler’s pantry, formal dining area, sun-room, wine cellar, radiant floors, and expansive terraces surrounding the home. Upstairs is the master suite large dressing room, two large walk-in closets, sitting area with fireplace, and master bath with Jacuzzi tub, large shower and heated floors. Additionally, upstairs features a morning room, craft room, gym, and bathroom with steam shower. The gated and fully-fenced property is complete with mature landscaping and masterfully 
designed gardens – including walled and cutting, a potting shed, fire pit, BBQ Pavilion, a detached three car garage with private guest apartment / private offices, a guest cottage with one bedroom and bathroom, kitchen, a living room with fireplace and a screened porch.
















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