Monday, February 13, 2017


Today's Best Mansion and Top  Luxury Estates in Los Angeles, Phoenix, 
San Diego, San Francisco and Seattle Listed For Sale.

The definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 8,000 square feet. Mega Mansion range from 20,000 sq,ft. and Super Mansions over 50,000 sq.ft. Until the mid 20th century most "mansions" would have a hall, two or three salons or drawing rooms, library, billiards room, ball room, dining room, breakfast room, morning room, study and numerous bedrooms but only 2-3 bathrooms.
Nottoway plantation wc.jpg

Nottoway Plantation, also known as Nottoway Plantation House is located in White Castle, Louisiana.

The plantation  house is a  Greek Revival and Italiante-styled mansion. It was  built by John Hampden Randolph in 1859, and is the largest extant antebellum plantation house in the South with 53,000 square feet of floor space.

Today's Best Mansion Listed For Sale  

#1     23746 Malibu Road, Malibu, CA 90265 with 4 bedrooms, 5 baths, 
and 2,167 sq.ft. is listed for sale at $22,000,000.

This quintessential beach front home is located on the prime sandy beach just outside the famous Malibu Colony gates. This original Colony beach bungalow was totally remodeled and offers a high-end kitchen with stainless appliances, premium granite counters, a fireplace in the living room with French doors that open out to a great deck which is perfect for entertaining; the property still has the original tea house which has been enclosed. The Master Bedroom is very private and offers incredible whitewater views, a spa bath-tub in the master bath plus a steam shower. A full detached guest house is located over the garage and features a full kitchen, a spacious living room, one beds and one bathrooms. A nice grassy yard sits at the entrance of the property to the house and has a great lap pool for taking a dip or getting a little exercise. This is a fantastic beach house, located in what is considered the best spot on the road. This home is part of the Malibu Colony.

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

23746 Malibu Rd, Malibu, CA 90265

Today's Top Real Estate News

Home Prices Hit Peak Levels In Majority of Metro Areas, Fourth Quarter Data Show

Troy McMullen 
Forbes  

The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.

The median existing single-family home price increased in 89 percent of measured markets, with 158 out of 178 metropolitan statistical areas1 (MSAs) showing sales price gains in the fourth quarter of 2016 compared with the fourth quarter of 2015. Twenty areas (11 percent) recorded lower median prices from a year earlier.

There were more rising markets in the fourth quarter compared to the third quarter of 2016, when price gains were recorded in 87 percent of metro areas. Thirty-one metro areas in the fourth quarter (17 percent) experienced double-digit increases – an increase from 14 percent in the third quarter.

For all of 2016, an average of 87 percent of measured markets saw increasing home prices, up from the averages in 2015 (86 percent) and 2014 (75 percent). Of the 150 markets NAR has tracked since 2005, 78 (52 percent) now have a median sales price at or above their previous all-time high.

Lawrence Yun, NAR chief economist, says home-price gains showed little evidence of letting up through all of 2016. “Buyer interest stayed elevated in most areas thanks to mortgage rates under 4 percent for most of the year and the creation of 1.7 million new jobs edging the job market closer to full employment,” he said. “At the same time, the inability for supply to catch up with this demand drove prices higher and continued to put a tight affordability squeeze on those trying to reach the market.”

Added Yun, “Depressed new and existing inventory conditions led to several of the largest metro areas seeing near or above double-digit appreciation, which has pushed home values to record highs in a slight majority of markets. The exception for the most part is in the Northeast, where price growth is flatter because of healthier supply conditions.”

The national median existing single-family home price in the fourth quarter of 2016 was $235,000, which is up 5.7 percent from the fourth quarter of 2015 ($222,300). The median price during the third quarter of 2016 increased 5.4 percent from the third quarter of 2015.

At the end of the fourth quarter, there were 1.65 million existing homes available for sale2, which was 6.3 percent below the 1.76 million homes for sale at the end of the fourth quarter in 2015 and the lowest level since NAR began tracking the supply of all housing types in 1999. The average supply during the fourth quarter was 3.9 months – down from 4.6 months a year ago.

Today's Top LA Luxury Estate Listed For Sal


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     701 Rochedale Way, Brentwood, CA 90049 with 5 bedrooms, 8 baths, and 6,000+-sq.ft.  is listed for sale at $9,200,000.

Breathtaking 270 ocean, mountain and city views await you at this new construction architectural masterpiece located on a private cul-de-sac. This 5 bedroom suite home wows as the grand all glass entry welcomes you into the expansive living room with jaw-dropping vistas. Grand decks and stunning floor-to-ceiling, fully retractable sliding walls of glass create the quintessential SoCal living experience. The open floor plan includes a formal dining area and cook's kitchen with double isle and top of the line Thermador appliances. The master retreat includes sitting area, fireplace, 2 large walk-in closets and en suite bathroom w/ spa tub, double sinks, fireplace and luxury imported double shower. The downstairs is an entertainer's dream with a large family room that flows into the home's yard, infinity pool and spacious deck with fire pit and floating BBQ. A full-service home theater, private office with separate entrance, gym, separate guest suite and a 576 bottle wine cellar complete this luxury home.

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, Los Angeles, CA

701 Rochedale Way, 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 $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     6136 N 52nd Place, Paradise Valley, AZ 85253 with 5 bedrooms, 5 baths, and 6,461 sq.ft. is listed for sale at $4,435,000.

Truly One of a Kind Contemporary New Build in Paradise Valley. Just completed and ready for the most discriminating buyer. The views from this home are unparalleled and location is position AAA. See it, buy it!

6136 N 52nd Place, Paradise Valley, AZ 85253














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     1222 Muirlands Vista Way, La Jolla CA 92037 with 5 bedrooms, 6 baths, and 5,354 sq.ft. is listed for sale at $4,530,000.

New construction! Situated in La Jolla's Muirlands, this open floor plan is an entertainer's dream. This home has it all; large lot size, amazing panoramic ocean views, pool, spa and more. Home features a 4 bedroom 5.5 bath and lives like a single level home with an entry floor master suite. This brilliantly contemporary designed home is the pinnacle of luxury. It is nearing completion and is pre-wired for av throughout and pre-designed for solar.








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     80 Laidley Street, San Francisco-Glen Park, CA 94131 with 5 bedrooms, 6 baths, and 4,000 sq.ft. is listed for sale at $5,500,000

Located atop the most desirable ridge on the Noe Valley and Glen Park border with commanding views of San Francisco, 80 Laidley St is a sophisticated contemporary home filled with grace, design and comfort. Using thoughtful craftsmanship and the finest materials, this five bed, six bath, four level home lends itself to fabulous entertaining and modern living. The main living level features incredible floor to ceiling sliding glass doors that open onto a large terrace with incredible views of the City and beyond. The stunning kitchen opens onto the expansive rear yard, which includes a h...ot tub, built in BBQ & gas fire pit, and a bonus studio with powder room. Additional home features: solar, wine room, radiant heat, elevator, 3 car parking.

80 Laidley Street, San Francisco, CA







80 Laidley Street, San Francisco, CA

80 Laidley Street, San Francisco, CA

80 Laidley Street, San Francisco, CA

80 Laidley Street, San Francisco, CA

80 Laidley Street, San Francisco, CA



80 Laidley Street, San Francisco, 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     6610 E Mercer Way, Mercer Island, WA 98040 with 4 bedrooms, 3 baths, and 2,350 sq.ft. is listed for sale at $5,885,000.

Offered for the 1st time in nearly 100 years, over an acre of flat, sunny property on 173' frontage of waterfront. One of the few remaining original properties of this size on Mercer Island. Recently upgraded dock. Love or level existing mid-century rambler with vaulted ceilings, new roof and walls of view windows. Stunning sunrises. The perfect canvas to create a dream estate and/or potentially also develop- adjacent property listed at $1,285,000 for maximum flexibility and privacy. A once in a lifetime opportunity.











6614 E Mercer Way, Mercer Island, WA


Today's Mortgage Rates                                                                           52 Week 
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.19%4.13%+0.063.34%4.38%
15 Yr FRM3.39%3.34%+0.052.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.30%4.26%+0.043.41%4.40%
5/1 Yr ARM3.04%2.99%+0.052.80%3.25%
Updated: 2/10/17 3:05 PM
Rates Remain Lower vs Last Week Despite Rising Today
Feb 10 2017, 3:05PM

Mortgage rates continued higher today, bringing them back in line with Monday's levels.  Part of the rise was due to weaker trading levels in bond markets.  Just as important is the fact that many lenders didn't raise rates yesterday afternoon as the bond weakness began (weaker bond markets imply higher rates).  In other words, unless bond markets improved overnight, this morning's rates were already destined to be a bit higher than yesterday's.  
Even though today's increase was far more substantial than yesterday's, it leaves rates at levels that are still slightly better compared to last Friday.  Many lenders continue to offer 4.125% on top tier conventional 30yr fixed scenarios, though several have moved back up to 4.25% with today's weakness.

Loan Originator Perspective


With no major data until Wednesday of next week and with the 10 year holding under 2.42 I say float.  As soon as we break 2.42 I’ll change my mind.  -Jason B. Anker, Vice President- Loan Officer at Salem Five

Bonds regressed today, and now stand virtually unchanged from Monday's levels.  Three days of gains this week, two of losses, zero net change.  We continue to be range-bound, which lessens the risk/benefit of floating.  Next week  brings consumer and producer inflation data that may guide bonds; for now we're just treading water.  -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 4.125-4.25%
  • FHA/VA - 3.75%
  • 15 YEAR FIXED - 3.375%
  • 5 YEAR ARMS -  2.75 - 3.25% 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 return to pre-election levels until well after Trump takes office.  Rates can move for other reasons, but it would take something big and unexpected for rates to get back to pre-election levels.
     
  • 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 at 619-944-8749 or furtree@msn.com 

Most importantly, have a great day!
Tom Furino

PS.     Check out all the featured Best Mansions and Top Luxury Estates in
Los Angeles, Phoenix, San Diego, San Francisco and Seattle Listed For Sale anytime at:.

www.todaysbestmansionsforsale.com
www.laluxuryrealestateupdates.com
www.phoenixluxuryrealestateupdates.com
www.seattlerealestateluxuryhomesupdates.com
www.sandiegorealestateflashreport.com
www.sfluxuryrealestateupdates.com