Wednesday, February 8, 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.

Today's Best Mansion Listed For Sale   

#1      3271 Padaro Lane, Carpinteria CA 93013 with 4 bedrooms, 6 baths, and 
7,062 sq.ft. is listed for sale at $29,900,000

Perched on a knoll top for ultimate privacy on coveted Padaro Lane, this luxurious 
Nantucket-style estate has glass pocket doors opening to 105' of beachfront. Master suite downstairs and upstairs, separate guest apartment with entry, lush gardens, and a private sandy beach with deck. One of the best mansions on the sweet spot of Padaro with panoramic views. 

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

3271 Padaro Ln, Carpinteria, CA 93013

Today's Top Real Estate News
Price Gains Cool in December, but Over 7% Annually
By Jann Swanson 
Mortgage News Daily

The year ended with home price increases, as measured by CoreLogic's Home Price Index (HPI) dropping below 1 percent on a month-over-month basis for the first time all year.  The index, which had averaged 1.3 percent gains over the previous 11 months and had risen by 1.1 percent every month from June through November, slowed to 0.8 percent in December.

On a year-over-year basis however, prices continued to rise.  The December 2016 HPI 
was up 7.2 percent compared to the previous December.  The gain over the 12-month period ending in November was 7.1 percent.  



Among the states, Washington and Oregon once again saw prices grow the most rapidly, up 10.8 percent and 0.3 percent respectively.  Colorado was bumped out of its long-term third place standing, despite an annual increase of 8.9 percent, by Idaho which saw prices up by 9.0 percent.  Utah rounded out the top five with an 8.0 percent annual change.

Wyoming was the only state to lose ground.  Prices there declined by 0.3 percent over the year.  States that posted only minor gains were Maine (up 0.2 percent), Alaska (0.3 percent), Connecticut (O.6 percent), and Delaware (0.8 percent)

CoreLogic is forecasting that its index will rise by 4.7 percent from December 2016 to December 2017 and that prices will increase by 0.1 percent from December 2016 to January 2017.   The company also projected a 0.1 percent gain from November to December. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

"As of the end of 2016, the CoreLogic national index was 3.9 percent below the peak reached in April 2006," said Dr. Frank Nothaft, chief economist for CoreLogic. "We expect our national index to rise 4.7 percent during 2017, which would put homes prices at a new nominal peak before the end of this year."

"Last year ended with a bang with home prices up over 7 percent nationally, led largely by major metro areas," said Anand Nallathambi, president and CEO of CoreLogic. "We expect prices to continue to rise just under 5 percent in 2017 buoyed by lack of supply and continued high demand."

Among the major metro areas cited by Nallathambi were Denver, up 9.9 percent, Boston with a 6.9 percent increase; the Los Angeles/Long Beach area and Miami, both posting 6.8 percent gains, and Las Vegas which rose 6.2 percent.

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      1549 Lindacrest Drive, Beverly Hills, CA 90210 with 4 bedrooms, 5 bedroom, and 4,583 sq.ft.  is listed for sale at $5,395,000

Sophisticated Tuscan Villa situated behind gates and located just minutes from the heart of Beverly Hills. Beautifully remodeled home featuring fine finishes including limestone and hardwood floors, high coffered,  beamed ceilings. Arched entry to grand step-down living room with French doors leading to the gorgeous backyard. Additional rooms on the main level include wood-paneled den/office, formal dining room, gym,and spacious chef's kitchen with large center island, prof. appliances and breakfast area. Sweeping staircase leads to the double door entry of the master suite complete w/sitting area, white onyx fireplace, pocket French doors, terrace, oversized walk-in closet, and tremendous bath w/dual vanities, sauna, separate tub and shower. 2 add'l bdrm suites upstairs and maid's down. The fabulous backyard offers a tranquil retreat and great space for entertaining including patios, BBQ, impeccable landscaping, and pool.  

1549 Lindacrest Dr, Beverly Hills, CA 90210

1549 Lindacrest Dr, Beverly Hills, CA 90210

1549 Lindacrest Dr, Beverly Hills, CA 90210

1549 Lindacrest Dr, Beverly Hills, CA 90210

1549 Lindacrest Dr, Beverly Hills, CA 90210

1549 Lindacrest Dr, Beverly Hills, CA 90210

1549 Lindacrest Dr, 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     6215 E Turquoise Avenue, Paradise Valley, AZ 85253 with 7 bedrooms, 10 baths, and 9,094 sq.ft. is listed for sale at $2,925,000.

This timeless Tuscan Estate is an entertainer's delight. The gourmet kitchen and butler's pantry adjoins the Great Room w/dramatic high coffered ceilings with wet bar. The extravagant dining room ensures everyone has a seat at the table. Lower level boasts a theatre, billiard/family room, wet bar and 900 bottle wine closet. The master wing includes a home office amd separate sitting area. The guest/family wing has 3 bedrooms en-suite, along with its own living room. Guesthouse with bed, bath, kitchen and living space. Fitness room with sauna, bath, and hair salon. Enjoy the expansive Ramada w/ BBQ/kitchen for fun poolside parties or relaxing in front of the wood burning fireplace. Sport Court, chipping green and a 5 car garage for the car enthusiast. World class living in Paradise Valley.









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      17661 La Catrina, Rancho Santa, Fe 92067 with 5 bedrooms, 7 baths, and
7,051 sq.ft. is listed for sale at $2,595,000.

Live the dream in this luxurious hillside Italian villa at the end of a cul-de-sac in Rancho Santa Fe’s premier guard-gated enclave of Cielo. Exceptionally private, the custom residence is enriched with panoramic hillside and city light views set on a generously sized homesite surrounded by lush, mature vegetation. Beyond an elegant glass and wrought iron entry door, an atmosphere of relaxed elegance is accentuated by a fireplace-warmed parlor, a central great room with pub-style wet bar, wood-beamed ceilings, and an open kitchen with large center island, granite countertops, breakfast room, professional-grade range and 2 stainless steel dishwashers.  Entertain year-round in a backyard with gorgeous wraparound loggia, BBQ island, fire pit, a pool with Baja entry and a vanishing-edge spa. Cielo’s array of exclusive amenities and local award-winning schools are all close at hand.

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

17661 La Catrina, Rancho Santa Fe, CA 92067

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     3 Berke Court, Tiburon, CA 94920 with 3 bedrooms, 4 bath, and 4,489 sq.ft. 
is listed for sale at $4,000,000

Situated atop the Tiburon Hills, this classic brown shingle home with imported slate roof was built in 1989. Designed for elegant, comfortable living in a warm, inviting atmosphere, with approximately 4,500 square feet, this home offers everything you'll ever need and more! Panoramic Views span from the Oakland Bay Bridge to the Golden Gate Bridge. 











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     3035 Perkins Lane W, Seattle-Magnolia, WA  98199 with 4 bedrooms, 5 baths, and 7,610 sq.ft.is listed for sale at $7,950,000.

Stunning renovation with excellent architectural integrity. Open floor plan, tall ceilings, panoramic views. Rich finishes incl lustrous Venetian plaster, gold leaf ceilings, distressed wood, flamed granite, polished marble. Memorable spaces: superb master suite, theatre, and very cool whiskey bar. Sophisticated sound, security and low voltage lighting. Whole estate is fenced and gated.











Today's Mortgage Rates                                                                           52 Week 

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.16%4.19%-0.033.34%4.38%
15 Yr FRM3.37%3.40%-0.032.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.29%4.32%-0.033.41%4.40%
5/1 Yr ARM2.99%3.01%-0.022.80%3.25%
Updated: 2/7/17 4:36 PM
Mortgage Rates in Line With 3-Week Lows
Feb 7 2017, 4:48PM

Mortgage rates moved lower again today as investors remained cautious amid political uncertainty at home and abroad.  Stocks began the day higher but lost ground throughout the day--indirectly helping rates.  That's not to suggest mortgage rates routinely take cues from stocks.  Rather, slumping stocks and falling rates speak to the same underlying trends.  Caution, fear, and the like, tend to increase demand for less risky assets like bonds.  As demand for bonds increases (sometimes, at the expense of stocks--like today), rates fall.
In and of itself, today's improvement was mild to moderate.  But taken together with yesterday, the gains were more meaningful as they brought a majority of lenders back to quoting 30yr fixed rates of 4.125% on top tier scenarios.  The transition from 4.25% is still very much "in progress," however.  More than a few lenders continue quoting 4.25%, but with slightly lower upfront costs vs yesterday.

In relative terms, today's rates are as low as they've been in 3 weeks.  We've only been able to say that one other time  since the election (early to mid January), and that turned out to be a good time to consider locking vs floating.  Past precedent doesn't guarantee a similar outcome, but the longer the winning streak continues, the more it makes sense to look for tactical opportunities to take advantage of the gains.

Loan Originator Perspective


Bond markets posted further moderate gains today, and we're near the best pricing in 
3 weeks.  Overall, treasury yields have dropped .125% since January 25th, an impressive achievement.  I hesitate to call this a long term trend to lower rates (yet), but it's certainly a short term one,.  If you've floated this long, time to check your pricing and discuss pros/cons of locking with your loan officer.  I'll be having some of those conversations today myself!  -Ted Rood, Senior Originator

Bonds enjoying a nice rally today.   As of 1pm, several lenders have repriced for the better.  If you do want to lock in these gains, wait until as late as possible today to allow your lender time to pass along some gains.  Personally, I would float overnight to see if these gains can continue.   Lenders will be hesitate to pass along all of the gains. -Victor Burek, Churchill Mortgage

This is what we were waiting for.  The last few weeks of floating has paid off.  You should be at least 0.125% lower in rate today if you began floating in the last two weeks.  The question now is when to lock.  I’d hate to be this far ahead only to play my hand too long.  You have to know when to walk away right?  I’d start to consider walking away now if you’re happy but I’d like to see this run continue to 2.33. -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%
  • 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.  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