Wednesday, February 15, 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.

Updated Aerial Pics Of Ebay Founder’s Henderson, NV Mega Compound

eBay founder Pierre Omidyar’s mega compound at 1299 Via Tivoli in Henderson, NV

The compound features more then 48,000 square feet of living space with 33 bedrooms and 25 bathrooms.

Today's Best Mansion Listed For Sale

#1    17111 El Vuelo, Rancho Santa Fe, CA 92067 with 6 bedrooms, 10 baths, and 20,508 sq.ft. is listed for sale at $45,000,000.

Guy Dreier Custom Organic Modern Masteripiece that was 7 year creation. The Estate is located on one of the most coveted streets in the Covenant and is built around a beautiful spine wall with all rooms open to the exterior with walls of glass framing the stunning mountain and valley vistas. The pool and water features were designed with seamless integration between the home and landscape in a manner that creates tranquility. The Great Room boasts voluminous ceilings with incredible thought for..... entertaining and flows into the oversized Dining Room. The kitchen is ideal for any entertaining situation yet maintains a warmth and good feel for such a large room. Not surprising is that the house is completely self-sufficient with solar panels fully powering the home and amenities, resulting in little to zero cost on the electricity bill. The grounds were carefully designed and thought out by renowned landscape architect Theresa Clark. "The Owner was interested in having technology, art and the property's natural beauty direct the design of the home. The Owner's collection of Sculptures by the artist Fletcher Benton were thoughtfully considered when designing the landscape. The collection of gardens were designed to respond to the broad range of outdoor experiences that relate to architectural settings, points of destination, areas to observe outward or contemplate within, and open spaces to gather and entertain.















Today's Top Real Estate News

The Top 10 Suburbs Leading the Spring Home-Buying Season

RIS Media


House hunters faced with limited affordable housing prospects in urban areas are spreading their search to the suburbs—in fact, a solid 50 percent of homebuyers are taking to suburban areas this spring, according to a recent analysis by realtor.com®, with 10 outposts rising to the top of the ranks.

“Suburbs are traditionally viewed as meccas for young families, willing to trade in shorter commute times and urban nightlife for better schools and larger homes—but the relationship between the suburbs and urban areas is far more intertwined,” says realtor.com Chief Economist Jonathan Smoke. “In recent years, rising home prices and inventory shortages in urban centers have made affordable suburban home prices more appealing for buyers. Our analysis indicates 50 percent of buyers planning to purchase a home this spring indicated they preferred a home in the suburbs.”

The suburban areas leading the trend, according to realtor.com, are those in proximity to thriving urban areas, with household growth to match. Homes in these areas garner roughly double the views on realtor.com, as well as have higher list prices and shorter days-on-market timelines. The top 10 areas, zip code included, are:
    
  1. Northeast/Montbello, Colo. (8023Homes in Northeast/Montbello, Colo., a suburb in the Denver-Aurora-Lakewood metropolitan area, sold in an average of 19 days in 2016. Home prices in the area have grown 20.6 percent annually over the past three years.
  1. Wylie/St. Paul, Texas (75098)Homes in Wylie/St. Paul, Texas, a suburb in the Dallas-Fort Worth-Arlington metropolitan area, sold in an average of 41 days in 2016. Home prices in the area have grown 18.7 percent annually over the past three years.
  1. Dublin/Dougherty, Calif. (94568)Homes in Dublin/Dougherty, Calif., a suburb in the San Francisco-Oakland-Hayward metropolitan area, sold in an average of 24 days in 2016. Home prices in the area have grown 14.1 percent annually over the past three years.
  1. Daffan/Hornsby Bend, Texas (78724)Homes in Daffan/Hornsby Bend, Texas, a suburb in the Austin-Round Rock metropolitan area, sold in an average of 45 days in 2016. Home prices in the area have grown 27.1 percent annually over the past three years.
  1. Orient Park/Progress Village/Palm River-Clair Mel, Fla. (33619)Homes in Orient Park/Progress Village/Palm River-Clair Mel, Fla., a suburb in the Tampa-St. Petersburg-Clearwater metropolitan area, sold in an average of 47 days in 2016. Home prices in the area have grown 19.8 percent annually over the past three years.
  1. Vista East/Vista Park, Fla. (32829)Homes in Vista East/Vista Park, Fla., a suburb in the Orlando-Kissimmee-Sanford metropolitan area, sold in an average of 46 days in 2016. Home prices in the area have grown 13.8 percent annually over the past three years.
  1. Cutler Bay/Lakes by the Bay, Fla. (33189)Homes in Cutler Bay/Lakes by the Bay, Fla., a suburb in the Miami-Fort Lauderdale-West Palm Beach metropolitan area, sold in an average of 50 days in 2016. Home prices in the area have grown 16.3 percent annually over the past three years.
  1. Milpitas, Calif. (95035)Homes in Milpitas, Calif., a suburb in the San Jose-Sunnyvale-Santa Clara metropolitan area, sold in an average of 23 days in 2016. Home prices in the area have grown 12.8 percent annually over the past three years.
  1. Williamsburg/Waterhill/White Haven/Blackman, Tenn. (37129)Homes in Williamsburg/Waterhill/White Haven/Blackman, Tenn., a suburb in the Nashville-Davidson-Murfreesboro-Franklin metropolitan area, sold in an average of 34 days in 2016. Home prices in the area have grown 14.0 percent annually over the past three years.
  1. Friendship/Apex, N.C. (27502)Homes in Friendship/Apex, N.C., a suburb in the Raleigh metropolitan area, sold in an average of 41 days in 2016. Home prices in the area have grown 11.6 percent annually over the past three years.
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      1465 Lindacrest Drive, Beverly Hills, CA 92101 with 4 bedrooms, 5 baths 
and 4,213 sq.ft.   is listed for sale at $5,475,000.

One of the prettiest homes in the Crest streets, this stately, Southern Colonial with 5 fireplaces is set back from the street, framed by a charming picket fence. The brick walkway leads you past 9 shuttered picture windows to the formal entry of this former celebrity home. The floor plan is ideal. A large, formal living room is flooded with light and opens onto an adjacent brick sun room with exposed beams. The Ralph Lauren influenced study overlooks a private courtyard. The formal dining room features French doors opening onto the pool and spa area. The heart of the home is the open kitchen/family room area with Carrara marble counter tops, farmhouse cabinetry, a stone fireplace and open beams overlooking the black-bottom pool. The large master suite features a brick fireplace, high ceilings and open beams. There is an adjacent dressing area and his/hers bath + closets. Above the three car garage is an large well appointed, guest house with a private entry, ideal for a home office.

1465 Lindacrest Drive, Beverly Hills, CA

1465 Lindacrest Drive, Beverly Hills, CA

1465 Lindacrest Drive, Beverly Hills, CA

1465 Lindacrest Drive, Beverly Hills, CA

1465 Lindacrest Drive, Beverly Hills, CA

1465 Lindacrest Drive, Beverly Hills, CA

1465 Lindacrest Drive, Beverly Hills, 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     39029 N Alister Mckenzie Drive, Scottsdale, AZ 85262 with 4 bedrooms, 7 baths, and 11,560 sq.ft. is listed for sale at $4,995,000.

Presiding upon a one-of-a-kind 15-acre estate that towers over the valley, this house is not a cliff-hanging home. Rather, it drapes across a natural "island in the sky" platform that offers ultimate privacy and security. The architectural design embodies humanity's march from early man living in southwest pueblos forward through time to a futuristic world. The design is part organic pueblo, part southwest contemporary and part futuristic modern. Owner is the scion of a 19th century European Industrialist who became a grand philanthropist. Following in his great-great-great grandfather's philanthropic footsteps, the current owner pursued a passion for philanthropy and art in all forms, including this house. Details: 11,560 square feet livable with more than 17,000 square feet under roof.

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ

39029 N ALISTER MCKENZIE Drive, Scottsdale, AZ  

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     1685 Marisma Way, La, Jolla, CA 92037 with 5 bedrooms, 5 baths, and 4,824 sq.ft. is listed for sale at $4,699,000

Nestled into a tree lined enclave, this California Cape Cod offers some of the highest attention to detail you could ask for, while keeping the style both warm and inviting. Recipient of the 2015 & 2016 ICON Awards for custom homes, Tourmaline Properties has become known for building the best homes in San Diego and "Marisma" offers seamless indoor/outdoor living, soaring ceilings and Ocean Views from throughout the home and its balconies. Must See!








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     2741 Greenwich Street, San Francisco-Cow Hollow, CA 94123 with 7 bedrooms, 5 baths, abd 5,682 sq.ft.  is listed for sale at $7,950,000.

A true showcase of Modern Elegance. SAK Design & Build spared no expense when rebuilding this masterpiece. 4 floors (elevator serves all levels), 5682 sqft of living space plus 1125 sqft of outdoor terraces/decks.  Top floor pent-room and decks enjoy bridge, Palace and water views. Radiant heat, solar panels, Sonos, Nest, etc. w/iPad integration on all floors. At almost every level, key indoor rooms open wide to outdoor terraces and decks creating an amazing flow of indoor/outdoor living. The outdoor spaces magnify the size of the home and supply an abundance of natural light. The overall architecture provides moments to experience your external surroundings, all within a very private space.

2741 Greenwich Street San Francisco, CA 94123 - Photo 1

2741 Greenwich Street San Francisco, CA 94123 - Photo 2

2741 Greenwich Street San Francisco, CA 94123 - Photo 6

2741 Greenwich Street San Francisco, CA 94123 - Photo 11

2741 Greenwich Street San Francisco, CA 94123 - Photo 13

2741 Greenwich Street San Francisco, CA 94123 - Photo 30

2741 Greenwich Street San Francisco, CA 94123 - Photo 41

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     10405 NE 43rd Street, Kirkland, WA 98033 with 5 bedrooms, 5 baths and 
4,751 sq.ft. is listed for sale at $2,649,000.

Impeccable NW modern custom by Suver & Burnstead. Dramatic 2-story vaulted foyer sets the tone on entry. Exceptional flow connects well imagined Great Room design, flooded with natural light through architect series Pella windows. Chefs kitchen features Wolf and Subzero, slab quartz counters, island, and custom floating eating bar. Master retreat with spa like bath and California closet system. Wine room, wet bar, stunning ironwood deck perched above greenbelt. Luxury, Quality, Location, Design








    
Today's Mortgage Rates                                                                           52 Week 

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.24%4.20%+0.043.34%4.38%
15 Yr FRM3.44%3.40%+0.042.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.35%4.31%+0.043.42%4.40%
5/1 Yr ARM3.07%3.04%+0.032.80%3.25%
Updated: 2/14/17 4:34 PM

Losing Streak Continues for Mortgage Rates
Feb 14 2017, 4:34PM


Mortgage rates moved higher for the 4th straight day today, following Fed Chair Janet Yellen's congressional testimony.  It wasn't that Yellen's speech or Q&A contained any major surprises.  Rather, bond markets (which dictate rates) were simply looking for some indication of "sooner vs later" with respect to the Fed's next rate hike.  Her comments were generally more in line with "sooner."  Bond markets responded by quickly trading rates to higher levels, resulting in multiple "negative reprices" for mortgage lenders this morning.
Bonds calmed down in the afternoon, and ended up clawing back roughly half of the morning's losses by the end of the day.  Many lenders were consequently able to offer "positive reprices"--bringing rate sheets part of the way back to yesterday's levels.  

Despite the afternoon improvements, essentially every lender is in worse shape today vs yesterday.  The average top tier conventional 30yr fixed quote is back up to 4.25%--a move that was already in-progress yesterday.  Today's rates are the highest since February 3rd.

Loan Originator Perspective


Chairwoman Yellen's congressional testimony today confirmed the Fed's previously stated goal of winding down fiscal stimulus, including investing in mortgage backed securities.  While the news was hardly a surprise, it did prompt some large movement in bond markets.  As of press time, 15 lenders reported worsening their rates mid-day, while 5 improved theirs as markets recovered.  We're now near the recent range's top, with treasuries just under 2.5%.  After all the excitement, markets are still looking for motivation, and haven't found it yet.  Floating short term MIGHT result in improved pricing, since we're at top of the range, with the emphasis on "MIGHT".  -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