Friday, February 17, 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.


77 Beverly Park Ln, Beverly Hills, CA 90210 has approximately 27,000 square feet, 
9 bedrooms and 14 baths 

This amazing Italian Villa designed by renowned architect William Hablinsky is  located on two plush acres in Beverly Park,

Today's Best Mansion Listed For Sale

#1     300 Delfern Drive, LA-Beverly Holmbey Hills, CA 90210 with 11 bedrooms,
16 baths, and over 20,000 sq.ft. is listed for sale at $45,000,000

The Edie Goetz Estate is a trophy compound in the heart of Holmby Hills, sited on two contiguous properties and totaling over 4.38 acres. Available for the first time in over 25 years. A magnificent example of Georgian Revival architecture originally completed in 1938 and designed by Gordon Kaufmann, classic elements include high ceilings, grand public rooms and ornate wrought iron details. In 1947, Edie Goetz engaged legendary Hollywood designer Billy Haines to enhance the main house as a showplace for lavish events. One of the most iconic rooms is the paneled art deco modern library/bar also designed by Haines. On what many consider the finest street in Los Angeles this private paradise is set behind large gates and offers complete privacy. Features of the estate include: verdant manicured grounds, 3 guest houses, 11 bedrooms, 2 swimming pools, tennis court, and rare specimen trees. A rare opportunity to own a piece of Hollywood history.




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Today's Top Real Estate News

America's Fastest-Growing Cities in 2017

By Samantha Sharf  
Forbes  
Image result for cape coral fort myers florida

America's Fastest-Growing City is Cape Coral, Florida. Founded just 60 years ago as a master planned community on Florida’s west coast, Cape Coral has spent most of its history in the shadow of its bigger neighbors Miami, Tampa and Orlando. Then when the bottom fell out of the national housing market in 2008, Cape Coral was hit particularly hard.

“We went from top of lists for fastest-growing cities to the top of list of cities with most foreclosures,” says Connie Barron, spokesperson for the city. Close to a decade later things are looking up. People–retirees especially–are being drawn to the area by sunshine (335 days a year), safety (the city consistently has among the lowest crime rates in Florida) and low taxes (no state income tax and the city has been lowering property taxes). 
By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

The metro area’s population of 702,000 grew 3.39% in 2016, more than any other major metro in the country. This year Moody’s Analytics–our data provider for this list–expects the population of the Cape Coral-Fort Myers area to expand even faster–3.61%. Moody’s also projects that it will have the highest rates of employment growth (3.83%) and output growth (6.82%) this year thanks to expanding hospitality and housing markets. 


“Slowly but surely we are pulling ourselves out from that abyss,” says Barron, noting that the city is focused on “reasonable” rather than”crazy” growth.


Florida dominate our list with nine of the 25 fastest-growing cities, more than any other state, including six of the top 10. Meanwhile, cities from other areas of the South and the West Coast make up most of the rest of the list.
 
Florida dominate our list with nine of the 25 fastest-growing cities, more than any other state, including six of the top 10. Meanwhile, cities from other areas of the South and the West Coast make up most of the rest of the list. 

#1. Cape Coral-Fort Myers, Florida

Cape Coral ranks first in population growth--past and 2017 projected--and first in projected job and output growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

2. Orlando-Kissimmee-Sanford, Florida

Orlando ranks first in projected job growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

3. Provo-Orem, Utah

Provo ranks first for 2016 output growth and wage growth for both 2016 and 2017.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

4. Deltona-Daytona Beach-Ormond Beach, Florida

Deltona's highest rank is fourth for 2016 job growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

5. Jacksonville, Florida

Jacksonville's highest rank is third for projected wage growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

6. North Port-Sarasota-Bradenton, Florida

North Port's highest rank is fourth for 2016 population growth and home price growth for both 2016 and 2017.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

7. Seattle-Tacoma-Bellevue, Washington

Seattle's highest ranks is third for 2016 home price growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

8. Tampa-St. Petersburg-Clearwater, Florida

Tampa's highest rank is fifth for projected wage growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

9. Portland-Vancouver-Hillsboro, Oregon-Washington

Portland's highest ranks are second for both 2016 output and home price growth.By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

10. Salt Lake City

By every metric that counts, Cape Coral and the surrounding towns are enjoying among the swiftest growth rates in the country. This expansion earns the Cape Coral-Fort Myers metropolitan area the top spot on Forbes’ 2017 list of America’s fastest-growing cities.

Behind the Numbers

The aim of Forbes’ annual list of America’s fastest-growing cities is to give a holistic picture of places on the upswing. That means looking not just at job, population or output growth individually, but considering how these important measures and others come together. It means looking back to see which cities grew the most in 2016 and forward to project which cities will make strides in 2017.

Moody’s Analytics provided the data, as well as insights that helped us improve the methodology we’ve used in the past. For each of the 100 largest metropolitan statistical areas in the United States, Moody’s provided growth rates in five key areas:
  • Population—using data from the U.S. Census Bureau
  • Employment—using non-farm employment data from the Bureau of Labor Statistics’ establishment survey
  • Wages—using data from the Bureau of Economic Analysis
  • Output—using real gross metro product data from BEA and BLS
  • Home values—as a proxy for household wealth, using home price growth from Federal Housing Finance Agency, Fannie Mae and Freddie Mac
Moody’s provided 2016 growth rates (estimates until the last of the data come in) and 2017 projections. Forbes ranked the 100 metro areas by each of the 10 data sets (five metrics times two years) and equally weighted the results of each to get a composite ranking.

Leaders and Laggards

Jobs. Our second-ranked metro area, Orlando, had the strongest 2016 job growth across the 100 largest metro areas in the country. Employment grew 4.57% in the city best known for being home to the Walt Disney World Resort. This year job growth is expected to slow, but at the projected 3.54% Orlando would still be among the biggest job gainers in the country. Compare that to Youngstown, Ohio, where employment declined, albeit slightly, last year. This year employment growth in that area is expected to at best replace jobs lost last year.

National job growth 2016: 1.76% 2017: 1.51%

Wages. The Provo, Utah, metro area had the strongest wage growth in the country in 2016 at 7.5% thanks in large part to an expanding and competitive tech sector. Residents are expected to get an even bigger raise next year: Moody’s is projecting 9.45% wage growth in the area in 2017. Provo is one of just six cities with 2016 wage growth above 7%. The others are: Stockton, Calif.; Portland, Ore.; Seattle, Wash.; Spokane, Wash. and Cape Coral.

National wage growth 2016: 4.19% 2017: 5.43%

Population. Among large metro areas, population change ranged from 3.39% growth (Cape  Coral) to a 0.61% decline (Youngstown). That trend—Cape Coral on top, Youngstown on the bottom—is expected to hold this year. Among the top 25 metro areas on our list, San Jose, Calif., had the lowest population growth last year at 1.03%—influenced in no small part by Silicon Valley’s high housing prices. That’s expected to slow further this year to 0.99%.

National population growth 2016: 0.71% 2017: 0.75%

Output. In addition to top wage growth, Provo, a fixture on lists like this, had the largest increase in real gross metropolitan product last year at 5.1%. GMP is like gross domestic product, the value of all goods and services produced in the country, but on the metro level. If tiny Provo is not for you—with a population of about 586,000 it is no. 94 of the 100 largest metro areas—consider Portland. Portland has a population of around 2.4 million and had the second highest 2016 GMP growth at 4.54% as Oregon increase exports and nears full employment. Next year Portland’s output is expected to gain 5.45%.

National GDP growth 2016: 1.6% 2017: 2.63%

Wealth. Economists, including those at Moody’s, often use home price growth as a proxy for wealth growth since a home is most peoples’ biggest asset—especially middle class people. In 2016 home prices grew a staggering 13.47% in Palm Bay, Fla. In fact seven of the 10 metro areas with the largest home price gains last year are in Florida. The Sunshine State was hit harder than most by the housing crisis. Home prices in some cities there are just now making up much of the decline, which is why Florida also dominated Forbes’ list of the best places to invest in housing in 2017. This year, Lakeland, Fla., is expected to see the biggest home price gain among large metro areas at 9.58%. Of all the metrics we looked at for this list 2016 home price growth was the best predictor of whether a city would make the overall top 25.

National housing price growth 2016: 5.6% 2017: 4.77%

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     323 N Mapleton Drive, Holmby Hills, CA 90077 with 5 bedrooms, 7 baths, and 8,337 sq.ft. is listed for sale at $23,000,000.

Situated behind gates and down a long private driveway, this magnificent Gerard Colcord estate offers an unparalleled opportunity to own one of the last estate sites in Holmby Hills. The nearly 9,000 sq.ft. single story Traditional home and guest house features grand scale, graciously designed living spaces, and an exceptional indoor outdoor flow which is enhanced by French doors & floor- to- ceiling windows throughout. Architectural elements include soaring vaulted ceilings, ornate crown molding, hand carved wood details, massive wood burning fireplaces and hardwood floors. the 1.2 acres of park like grounds feature a putting green, enormous swimmer's pool, outdoor kitchen/bar, and expansive motor court, all surrounded by mature landscaping creating the utmost privacy. Surrounded by iconic properties in the Platinum Triangle, this magnificent home is an unparalleled opportunity to add your finishing touches, expand, or build new in one of the most desirable neighborhoods in the US.








   
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     9943 E Sterling Ridge Road, Scotssdale AZ 85262 with 6 bedrooms, 7 baths, 
and 9,250 sq.ft. is listed for sale at $4,999,000

Absolutely gorgeous unobstructed views of the Chiricahua golf course, mountains, city lights and year-round sunsets are yours from this home high atop Desert Mountain. The sophisticated design by Bing Hu and the eclectic combination of materials and finishes work in concert to create one of Desert Mountain's most unique homes. State of the art home theater, 2 powder rooms, exercise/flex room, 1 full and 2 drawer dishwashers, refrigerator plus double refrigerator drawers, air-conditioned garage, wine room, and more! Finishes include walnut and cherry flooring, Venetian plaster, vaulted and domed ceilings. Gorgeous paneled office/library, Crestron system...truly a must see for your discerning clients!














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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     7400 Vista Del Mar, La Jolla, CA 92037 with 7 bedrooms, 10 baths, 
and 8,328 sq.ft. is listed for sale at $22,500,000

Perfectly located on a lightly traveled strip of sand along the picturesque Southern California coastline in the highly sought after community of La Jolla, sits the magnificent oceanfront estate; 7400 Vista Del Mar. Truly setting the standard for oceanfront properties, this stunning 8,328 square foot, 7 bed, 10 bath estate conjures up images of old Santorini architecture, with carefully positioned arched windows, clean rounded lines and two iconic domes.












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     2830 Filbert Street, SF-Cow Hollow, CA 94123 with 4 bedrooms, 4 baths, 
and 2,662 sq.ft. is listed for sale at $4,850,000.

Pacific Heights' Gold Coast, green landscape and San Francisco Bay views flank the formal living and dining rooms. Wood burning fireplace, wainscoting, wide pocket doors and solid oak floors. Adjoining the opulent dining room is an open kitchen and view breakfast room. Stairs rise from the foyer to two southern lit bedrooms, bath, and master bedroom with en-suite bath, walk-in closet, and en-suite sun-room with Bay views. On the ground level: a media room, bedroom, full bath, laundry room are all accessible from the street-level door, kitchen, one car garage and yard. Walk to Chestnut and Union. Don't miss the secret garden where camillas and lemon trees bloom








 

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     438 39th Avenue E, Seattle-Madison Park, WA 98112 is listed for sale at $6,350,000.

Rare opportunity to own Washington Park Gold Coast waterfront. Complete with plans to build a Stuart Silk custom home. New home currently in for permit and contractors estimate to build in hand. Value in the land. Vacant and easy to see!


438 39th Ave E, Seattle, WA 98112

438 39th Ave E, Seattle, WA 98112

438 39th Ave E, Seattle, WA 98112  

Today's Mortgage Rates                                                                           52 Week 

30 Yr FRM4.20%4.26%-0.063.34%4.38%
15 Yr FRM3.41%3.46%-0.052.69%3.58%
FHA 30 Year Fixed3.75%3.80%-0.053.15%4.10%
Jumbo 30 Year Fixed4.33%4.37%-0.043.42%4.40%
5/1 Yr ARM3.03%3.05%-0.022.80%3.25%
Updated: 2/16/17 4:49 PM

Mortgage Rates Finally Find Some Traction
Feb 16 2017, 4:51PM


After spending the past 5 business days moving higher, mortgage rates finally found 
their footing today.  The improvement came in phases, with today's first round of rate sheets only marginally better than yesterday's.  Bond markets (which underlie rate movement) surged into stronger territory around 11am as investors pared risk during Trump's press conference.  This allowed most lenders to "reprice," meaning they send out revised rate sheets with better terms.
From the highest levels in nearly 3 weeks yesterday, today's rates ultimately fell to the lowest levels of the week by the afternoon.  4.25% remains the most prevalent conventional 30yr fixed rate on top tier scenarios, although several lenders moved back down to 4.125%.  That means most borrowers will see today's improvements in the form of lower upfront costs.  

Loan Originator Perspective

Bonds bounced back today, posting gains in spite of upbeat economic data.  It's reassuring to step back from yesterday's foray towards the top of recent rate ranges.  Treasury yields are now squarely mid-range at 2.45%.  Lenders may be repricing better this PM, if you're locking today, advise waiting until later in the day. -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 4.25%
  • FHA/VA - 3.75-4.25%
  • 15 YEAR FIXED - 3.375-3.5%
  • 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