Wednesday, February 22, 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.



The Pinnacle is one of the most expensive homes in the world. It is situated in Montana, United States. It is built on the plane ground rather than on mountains to facilitate it with heated floors. It provides a source of cold reduction.  It includes 53,000 sq.ft. with two heated floors, fireplaces in all rooms including bathrooms,10 bedrooms, a huge wine cellar, an indoor and outdoor pool. It offers its private ski lift and fabulous views.

Today's Best Mansion Listed For Sale

#1     9751 El Camino Real, Santa Barbara, CA 93117 with 214 acres, 5 bedrooms,
7 baths, historical Casa Grande Mansion is listed for sale at $50,000,000.

The magnificent oceanfront "Royal Rancho" of Santa Barbara is for sale for the first time in over 30 years. One of the largest remaining ranches along the spectacular Gaviota Coast, Dos Pueblos Ranch stretches from the Santa Ynez mountains down to a sandy beach on the Pacific Ocean. Along the way, Dos Pueblos Creek winds down through majestic oaks and open meadows to the shore where Native Americans first spotted Spanish ships in 1542.  This historical 214 acre ranch estate includes the stately 5BD/7BA Casa Grande mansion built in the 1920's classic California Spanish style architecture. But bottom line it is all about the land and beach.



9751 El Camino Real, Gaviota, CA 93117



9751 El Camino Real, Gaviota, CA 93117

9751 El Camino Real, Gaviota, CA 93117




Today's Top Real Estate News 

California Housing Market Kicks Off Year Higher In January

California Association of Realtors News Release

- Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.

- January’s statewide median home price was $489,580, down 3.8 percent from December and up 4.8 percent from January 2016.

- Statewide sales of condos fell 22.1 percent from December on a non-seasonally adjusted basis and rose 7.5 percent from January a year ago.

California’s housing market started the year on a high note, following up on December’s strong showing with higher sales both on a monthly and yearly basis in January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 420,100 units in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the January pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

The January figure was up 2.1 percent from the 411,430 level in December, and up 4.4 percent compared with home sales in January 2016 of a revised 402,220. The month-to-month gain was the first December-to-January increase since 2012, which is an encouraging sign.

“California’s housing market continues to be defined by the higher-priced, coastal markets and the less expensive, inland areas that still offer access to major employment centers,” said C.A.R. President Geoff McIntosh. “For example, eroding affordability and tight housing inventory are pushing buyers away from the core Bay Area markets of San Francisco, San Mateo, and Santa Clara and into less expensive bedroom communities, such as Contra Costa, Napa, and Solano. In Southern California, an influx of buyers from coastal employment areas into the Inland Empire drove healthy year-over-year sales in Riverside and San Bernardino.”

The median price of an existing, single-family detached California home fell below the $500,000 mark for the first time since March 2016, but home prices remain seasonably strong. The median price was down 3.8 percent from a revised $508,870 in December to $489,580 in January. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling, as well as a general change in values.

January’s median price was up 4.8 percent from the revised $467,160 recorded in January 2016, a slightly slower pace than the 5.6 percent increase averaged last year. Since 2011, price declines from December to January have usually ranged from -11.7 percent to as little as -4.6 percent, but January’s 3.8 percent monthly smaller price decline suggests that price pressure remains relatively robust and could translate into additional price growth as the spring and summer home-buying seasons near.

“January’s sales increase was likely boosted by rising interest rates, which have risen sharply since the election and have given buyers an incentive to get off the sidelines and close escrow before rates go higher,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “Yet, future anticipated rate hikes will increase the cost of homebuying and could have an adverse effect on affordability and future home sales.”

Other key points from C.A.R.’s January 2017 resale housing report include:

• C.A.R.’s Unsold Inventory Index, which measures the number of months needed to sell the supply of homes on the market at the current sales rate, rose to 3.7 months in January from 2.6 months in December. The index stood at 4.3 months in January 2016.

• New listings in pricey Bay Area counties, such as Marin, San Francisco, San Mateo, and Santa Clara rose significantly from December, a possible indication of sellers cashing out robust price appreciation experienced over the past few years.

• New statewide active listings continued to decline, dipping 0.3 percent from December and 10.5 percent from January 2016.

• The median number of days it took to sell a single-family home went up from 33 days in December to 37 days in January but was down from 44.2 days in January 2016.

• C.A.R.’s sales-to-list price ratio* was 98.1 of listing prices statewide in January, 98.2 percent in December and 97.8 in January 2016.

• The average price per square foot** for an existing, single-family home statewide was $240 in January, $242 in December, and $228 in January 2016.

• San Francisco County had the highest price per square foot in January at $841/sq. ft., followed by San Mateo ($723/sq. ft.), and Santa Clara ($567/sq. ft.). Counties with the lowest price per square foot in January included Del Norte ($124/sq. ft.), Kings ($125/sq. ft.), and Kern ($127/sq. ft.).

 • After mortgage rates surged in the final few weeks of 2016, the 30-year, fixed-mortgage interest rate averaged 4.15 percent in January, down from 4.2 percent in December but was up from 3.87 percent in January 2016, according to Freddie Mac. The five-year, adjustable-rate mortgage interest rates edged up in January to an average of 3.24 percent, from 3.23 percent in December and 2.98 percent in January 2016.

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 home 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     12071 Crest Court, Beverly Hills, CA 90210 with 5 bedrooms, 6 baths, and 
6,586 sq.ft. is listed for sale at $14,950,000.

An exceptional achievement in renovation has created a "tour de force" in quality of construction and design. The supervision of a world renowned architectural engineer has ensured the long lasting test of time and endurance. Upon entering the light filled foyer a sense of calm and tranquility is perceived. High ceilings and expansive windows define the open floor plan creating a seamless indoor/outdoor resort ambiance. All bedrooms are en suite including a master retreat with his/her baths and custom walk-in closets. A beautifully designed chef's kitchen is complete with two dishwashers and top of the line appliances. The lovely backyard is the ultimate of fun and relaxation featuring a sports court, pool/spa, large lawn and spectacular views. Gated motor court and 3 car garage.

12071 Crest Ct, Beverly Hills, CA 90210
12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210

12071 Crest Ct, Beverly Hills, CA 90210


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     6988 E Ironwood Drive, Paradise Valley, AZ 85253 with 5 bedrooms, 6 baths, and 5,003 sq.ft. is listed for sale at $2,495,000.
The absolutely best home for the price in the heart of Paradise Valley. 2017 COMPLETE REMODEL by one of the best interior design firms in the Valley. GATED community, very private street with gorgeous panoramic Camelback Country Club golf course views. Best lot at Camelback CC - Step right outside to the member's only driving range!Hardwood flooring, 48'' imported porcelain, custom inset cabinetry, TWO waterfall white marble islands, 60'' wolf range, 72'' Sub-Zero fridge/fzr, Artisan smart home complete pre-wiring with ipad controls, wine display, upgrades and changes too extensive to list. Completely new layout- drywall, framing, plumbing, electrical, light fixtures, paint, trim work; new automatic watering and landscape front and back, virtually a brand new house, inside and out.



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     2116 Balboa Avenue, Del Mar, CA 92014 with 5 bedrooms, 5 baths, and 
5,600 sq.ft. is listed for sale at $10,700,000.
Enjoy spectacular whitewater ocean, sunset & Del Mar racetrack views from this extraordinary seaside Villa in Olde Del Mar. Situated on an impressive 15,000 sq. ft. parcel, this gated residence was built with a meticulous attention to detail and quality craftsmanship throughout. 4BR/4.5 baths plus a den, office, imported marble and mahogany wood flooring, wine room and entry level master suite w/1,000 sq. ft. loggia. Expansive yard with large grassy area, flagstone patios, fire pit, vanishing edge pool & spa.

2116 Balboa Ave, Del Mar, CA 92014

2116 Balboa Ave, Del Mar, CA 92014

2116 Balboa Ave, Del Mar, CA 92014

2116 Balboa Ave, Del Mar, CA 92014

2116 Balboa Ave, Del Mar, CA 92014

2116 Balboa Ave, Del Mar, CA 92014

2116 Balboa Ave, Del Mar, CA 92014

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     2115 Baker Street, San Francsico-Pacific Heights, CA 94115 with 3 bedrooms,  . 2 baths, and 2,522 sq.ft. is listed for sale at $2,985,000.
This is a gorgeous Queen Anne Victorian with period elegance & details such as 12.5 ft ceilings, double parlor w fire place, Dramatic Bay windows, and stately entrance halls. Remodeled with all the latest conveniences this stately home is also perfect for modern day living and entertaining. The beautiful hall connects the parlors to a remodeled split bath, two good sized bedrooms, one currently being used as a den/office, a large open floor plan remodeled kitchen with casual dining island and a formal dining area with second fireplace & period built ins. A beautiful den and a patio is accessible from den and dining area. Lower level master suite is truly a retreat w a master bath, ample closets & a truly magical garden/sitting area.

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

2115 Baker St, San Francisco, CA 94115

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     9335 Sunset Way, Bellevue, WA 98004 with 4 bedrooms, 6 baths, 
and 3,710 sq.ft. is listed for sale at $2,485,000.

Gorgeous 2-story home lives like a 1 story - EVERYTHING you need is on the main floor. Recent remodels completed in 2/2017. Palatial interior with 11'-14'5" ceilings, elegant Travertine floors, floor-to-ceiling windows, and open, spacious floor plan. The gourmet kitchen with stainless steel appliances, and an oversize Quartz counter island are a chef's delight. The custom-built sauna room on the lower level rounds out the perfection

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004

9335 Sunset Way, Bellevue, WA 98004


Today's Mortgage Rates                                                                           52 Week 
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.21%4.18%+0.033.34%4.38%
15 Yr FRM3.41%3.38%+0.032.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.33%4.30%+0.033.42%4.40%
5/1 Yr ARM3.02%3.00%+0.022.80%3.25%
Updated: 2/21/17 3:36 PM
Mortgage Rates Inch Higher Ahead of Fed Minutes
Feb 21 2017, 4:14PM

Mortgage rates were just slightly higher today, leaving them roughly in the center of a range that's persisted since mid-November.  During that time the average top-tier conventional 30yr fixed rate has been briefly as high as 4.5% and as low as 4.0%.  Those are the exceptions.  The range has predominantly been a narrower 4.125-4.375%.  The average lender is quoting 4.25% today, though there are a few offering 4.125%.  
The outright numbers are less important here.  They can vary quite a bit based on multiple variables.  The fact that rates have been sideways for so long is more relevant.  In fact, rates haven't merely been sideways.  The range has been growing progressively more narrow over the past several months.  

While this type of "consolidation" is not uncommon in the wake of big market movement, it does mean that rates will soon be forced to choose a direction.  Such breakouts tend to see extra momentum.  In other words, we're increasingly due for a bigger move.  If you roll the dice on that move being toward lower rates, there's additional reward for that risk.  For most borrowers, however, that potential for reward is overshadowed by the increased risk of a big move toward higher rates.

Loan Originator Perspective

Bonds were basically flat today, despite a well received 2 year note auction.  My pricing was virtually identical to Friday's.  As mentioned before, there's little motivation driving rates these days, and until some defining data does, we may idle at current levels.  Lock/float is a coin toss, but with treasury yields (2.43%) closer to the bottom than top of our current range, tie goes to locking over floating. -Ted Rood, Senior Originator

Bonds have attempted again to break lower but have been pushed back.   My rate sheets show some pretty nice gains compared to last week, so I advised clients to lock in the gains today.  We do have FOMC minutes released tomorrow and they can definitely move the market.  -Victor Burek, Churchill Mortgage

Recent attempts at higher yields lacked staying power.  I’m expecting to revisit the 10 years lower end range of 2.3 in the near future.  Obviously I continue to favor floating to some extent.   One are of concern for me is that our sideways trend has been consolidating (lower  highs and higher lows) which typically leads to a break out.  If I knew which direction that breakout would be I wouldn’t need a day job.  Your guess is as good as mine.   -Jason B. Anker, Vice President- Loan Officer at Salem Five

Today's Best-Execution Rates
  • 30YR FIXED - 4.125-4.25%
  • 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