Friday, March 24, 2017



Mansions: They’re lavish. They’re huge. They're grand and expensive.

Today's Best Mansion 

#1     23800 Malibu Crest Drive, Malibu, CA 90265 with 5 bedrooms, 6 baths, and 15,000 sq.ft. is listed for sale at $80,000,000.



The iconic Malibu Castle by Scott Gillen comes to market! Situated on one of Malibu's landmark sites this 360 degree promontory offers incomparable views overlooking Santa Monica Bay, Catalina Island, Malibu Colony and Surfrider Beach. Completely private at the end of the cul-de-sac is an over 400 foot long private double gated driveway which leads you to this masterful and one-of-a kind architectural triumph. The 5 bedroom main house showcases the highest standard of luxury with custom teak doors and windows, 80 year old dry aged oak floors along with furnishings by Minotti and Bottega Veneta. A custom 12 foot hand-hewn teak dining table parallels the 75' infinity pool, and connects the chef's Bulthaup kitchen and living space in the main residence, completed by a wine tasting room, game room and media room. The 4,000 SQ.FT. 2BR/4BA guest house offers a professional gym and spa along with it's own great room and Bulthaup kitchen. Truly the most coveted estate available in Malibu.






















Today's Top Real Estate News
New Home Sales Build on January Strength
By Jann Swanson
Mortgage News Daily

New home sales posted a much better February than did existing home sales and, in fact, better than most analysts had expected.  The U.S. Census Bureau and the Department of Housing and Urban Development report that sales of newly constructed single family homes rose 6.1 percent from January to February to a seasonally adjusted rate of 592,000 units.

It was the second consecutive month of strength for the indicator which had see-sawed between positive and negative results in the waning months of 2016. The February rate of sales was 12.8 percent higher than the rate of 525,000 units in February 2016. January sales were revised from an original estimate of 555,000 to 558,000.

Analysts had expected sales to rise, looking for a range of 550,000 to 600,000 units.  The consensus among those polled by Econoday was 565,000 units.

On a non-seasonally adjusted basis there were 49,000 new homes sold in February compared to 41,000 in January. Thirty-six-thousand of the homes sold were in the $200,000 to 299,000 price tier.

The median price of a new home sold in February was 296,200 compared to $311,300 a year earlier.  The average price was $390,400 compared to $349,400.

There were strong geographic differences in the rate of sales.  In the Northeast sales were down 21.4 percent for the month while remaining 13.8 percent higher than the previous February.  In contrast the Midwest posted a 30.9 percent month-over-month improvement and the annual change was 50.8 percent.

Sales in the South rose 3.6 percent from January and 7.9 percent from February 2016 and sales in the West were up 7.5 percent and 6.8 percent from the two earlier periods.

At the end of February there were an estimated 261,000 homes available for sale on a non-seasonally adjusted basis. This is an estimated 5.4-month supply at the current rate of sale. 63,000 of the available homes are completed, construction had not started on 51,000. 

Today's Mortgage Rates
                                                                                                                                52 Weeks
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.20%4.19%+0.013.34%4.39%
15 Yr FRM3.41%3.40%+0.012.69%3.61%
FHA 30 Year Fixed3.80%3.80%--3.15%4.10%
Jumbo 30 Year Fixed4.39%4.38%+0.013.42%4.60%
5/1 Yr ARM3.09%3.07%+0.022.80%3.25%
Updated: 3/23/17 4:03 PM
Mortgage Rates Stumble as Political Uncertainty Weighs
Mar 23 2017, 4:06PM

Mortgage rates were slightly higher for the first time in 8 days as markets braced for the impact of political developments.  The big issue of the day was (and still is) the healthcare bill set to be debated in the House of Representatives tonight.  

In general, if the bill is passed, investors will be more keen to believe in the viability of other legislation more germane to financial markets (like tax cuts, other stimulus, and regulatory reform).  Those "other" policy points were key reasons for the sharp move higher in rates at the end of 2016.  If confidence increases, it could put the same pressure back on rates.  But if investors lose confidence in the policy potential, stocks and bonds would have more motivation to move lower (as they've both been doing for the past 2 weeks).

As of yesterday, the healthcare vote was tentatively scheduled for tonight.  The most recent news suggests that the vote will not be held until tomorrow morning.  It continues to be the case that the vote is a focal point for volatility.  Because we can't be sure of much of anything when it comes to political posturing, financial markets are ready to move in either direction from here and likely with more momentum than we've seen in the past few days.
The average lender is quoting conventional 30yr fixed rates of 4.25% on top tier scenarios.  Some lenders  are as low as 4.125%, and a few  remain at 4.375%.

Loan Originator Perspectives


Bonds gave back a portion of their prior gains today, amid continued uncertainty over the direction of US fiscal policy and health care reform.  Our rally feels pretty stressed at this point, think it's time to grab the gains and lock some floating deals.  We could post further improvements, but that would likely take more dysfunction than we have now.  Short term, think we're near our low on rates.  Long term remains to be seen. -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 4.25%
  • FHA/VA - 4.0-4.25%
  • 15 YEAR FIXED - 3.5-3.625%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender
Ongoing Lock/Float Considerations
  • 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
  • Still, it would take something very big and unexpected for rates to make a big, sustained push back toward pre-election levels.   Even then, it would take time to confirm such a shift.
     
  • With fiscal and monetary policy paths both clearly putting pressure on rates, at least one of those would need to make a noticeable change before anything but a cautious, lock-biased approach makes sense as a baseline strategy.  Floating should only be considered as a tactical opportunity to capitalize on temporary corrections.
     
  • Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders.  The rates generally assume little-to-no origination or discount except as noted when applicable.  Rates appearing on this page are "effective rates" that take day-to-day changes in upfront costs into consideration

    30 Year Fixed Rate Mortgage History

                                                                                                      

    Today's Top LA Luxury Estate Listed For Sale


    The median home value in Los Angeles County is $552,600. Los Angeles County home values have gone up 7.1% over the past year, Zillow predicts they will rise 1.1% within the next year.

    The median home value in Brentwood, 90049 is $2,534,200. Brentwood home values have gone up 9.8% over the past year.  Zillow predicts they will rise 1.8% 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 $3,121,700.  Beverly Hills home values have gone up 4.2% over the past year.  Zillow predicts they will rise 1.1% with the next year.

    The median home value in Bel Air is $3,299,900. Bel  Air home values have gone up 4.7% over the past year.  Zillow predicts they will rise 0.5% within the next year.

    #1     1218 Benedict Canyon Drive, Beverly Hills, CA 90210 with 6 bedrooms, 8 baths, and 7,942 sq.ft. is listed for sale at $11,995,000.

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210 

    Situated up a long stately driveway off of Benedict Canyon, this majestic and secluded 1+acre estate offers tremendous value in Prime Beverly Hills proper. The nearly 8000 sq. ft. residence has been beautifully maintained by its one celebrity owner and features a perfect center hall plan, high ceilings, and floor to ceiling windows and doors opening to the private and serene rolling grassy yard, swimmers pool and mature landscaping. Master suite with his and hers baths and office plus 4 additional en suite bedrooms and gym upstairs. Large chefs kitchen with walk in pantry opens to formal dining room and breakfast room. Additional guest quarters with separate entrance. Private drive leads to huge motor court for ample parking and 3-car garage.

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon Dr, Beverly Hills, CA 90210

    1218 Benedict Canyon 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 $416,900. Scottsdale home values have gone up 3.5% over the past year. Zillow predicts they will rise 1.5% withiin the next year. 

    The median home value in Carefree is $758,400. Carfree home values have gone up 5.6% over the past year.  Zillow predicts they will rise 2.6% within the next year.  


    The median home value in Paradise Valley is $1,611,200.  Paradise home values have gone up 2.8% over the past year. Zillow predicts they will rise 1.6% within the next year.  


    #1     8161 N 51st Street, Paradise Valley, AZ 85253 with 7 bedrooms, 9 baths, and 9,500 sq.ft. is listed for sale at $4,800,000.

    8161 N 51ST Place, Paradise Valley, AZ

    On almost three full acres, this Bill Tull estate/compound represents the finest example of what living in Arizona is all about. Completely private and accessed through a private gate and a long rambling driveway. Beautifully remodeled with elements like Hopes steel windows and doors, wide-plank wood flooring, Hans Grohe fixtures, antique doors, and custom lighting. Three separate buildings provide for a resort lifestyle with a large gym featuring floor to ceiling windows, a charming guest casita and a fabulous pool house for outdoor entertaining. The main house features 4/5 bedrooms, office, wine room/bar, and a spacious master suite with stunning master bath. Multiple fireplaces and private patios. Spectacular grounds with beautiful indigenous plants and immaculate green lawns

    8161 N 51ST Place, Paradise Valley, AZ

    8161 N 51ST Place, Paradise Valley, AZ

    8161 N 51ST Place, Paradise Valley, AZ

    8161 N 51ST Place, Paradise Valley, AZ

    8161 N 51ST Place, Paradise Valley, AZ

    8161 N 51ST Place, Paradise Valley, AZ

    8161 N 51ST Place, Paradise Valley, AZ


    Today's Top San Diego Luxury Estate Listed For Sale

    The median home value in San Diego County is $530,900. 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 6.2% over the past year.  Zillow predicts they will rise 1.5% within the next year. 

    The median home value in Solana Beach 92075 is $1,265,000. Solana Beach 92075 home values have gone up 4.8% over the past year.  Zillow predicts they will rise 1.6% within the next year.

    The median home value in Del Mar 92014 is $1,687,600 Del Mar home values have gone up 10.1% over the past year.  Zillow predicts they will rise 2.9% with then next year.

    The median home value in Rancho Santa Fe is $2,601,300. Rancho Santa Fe home values have declined -3.7% over the past year and Zillow predicts they will fall -1.6% within the next year.


    #1     2810 Hidden Valley Road, La Jolla, CA 92037 with 4 bedrooms, 6 baths,  and 3,900 sq.ft. is listed for sale at $4,850,000. 

    2810 Hidden Valley Road, La Jolla, CA

    Remodeled Estate on 1.22 acre. with gorgeou 1600 sqft. deck area. Custom fully permitted remodel; almost built from the ground up! Large private gated entry estate located in a private enclave of custom Estates! Gorgeous panoramic ocean and mountain views, a half court custom basketball court, private 5 hole custom golf course and more! Detached guest suite with private entrance to kitchen, living room, dining room, full custom shower, large 1 bedroom and private patio area-perfect for guests or nanny's. Private driveway for over 18 cars.

    2810 Hidden Valley Road, La Jolla, CA

    2810 Hidden Valley Road, La Jolla, CA


    https://images0.estately.net/5_170014219_12_1490218981.jpg

    2810 Hidden Valley Road, La Jolla, CA



    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 $1,148,700. San Francisco home values have gone up 1.0% over the past year.  Zillow predicts they will rise 0.4% within the next year.

    The median home value in Sausalito is $1,268,200. Sausalito home values have gone up 4.2% over the past year. Zillow predicts they will rise 0.4% within the next year. 

    The median home value in Tiburon is $2,499,000. Tiburon home values have gone up 2.1% over the past year.   Zillow predicts they will rise 0.5% within the next year. 

    The median home value in Saratoga is $2,388,3200. Saratoga home values have gone up 1.0% over the past year.  Zillow predicts they will fall -0.2% within the next year. 


    #1     1644 Diamond, San Francisco-Noe Valley, CA 4131 with 4 bedrooms, 5 baths, and 3,675 sq.ft. is listed for sale at $3,895,000.

    1644 Diamond St, San Francisco, CA 94131

    This stunning newly constructed Noe Valley home showcases beautiful modern design, and an excellent floorplan, set against an incredible backdrop of majestic Bay and Downtown views. Spanning 4 levels plus an expansive roof terrace, 1644 Diamond features a wonderful open floorplan with 4 bedrooms, 4.5 bathrooms, a dramatic great room with floor to ceiling windows, expansive master suite with luxurious spa bathroom, elevator to all living levels, and stunning outdoor spaces.

    1644 Diamond St, San Francisco, CA 94131

    1644 Diamond St, San Francisco, CA 94131

    1644 Diamond St, San Francisco, CA 94131

    1644 Diamond St, San Francisco, CA 94131

    1644 Diamond St, San Francisco, CA 94131

    1644 Diamond St, San Francisco, CA 94131


    Today's Top Seattle Luxuey Estate Listed For Sale




    Image result for Seattle

    The median home value in Kirkland is $592,100.  Kirkland home values have gone up 11.5% over the past year.  Zillow predicts they will rise 3.2% within the next year.

    The median home value in Seattle is $604,300. Seattle home values have gone up 8.9% over the past year. Zillow predicts they will rise 2.8% within the next year.

    The median home value in Bellevue is $752,800. Bellevue home values have gone up 12.7% over the past year. Zillow predicts they will rise 3.4% within the next year. 

    The median home value in Clyde Hill is $2,098,300. Clyde Hill home values have gone up 3.4% over the past year. Zillow predicts they will rise 1.4% within the next year.

    The median home value in Medina is $2,311,200. Medina home values have gone up 8.0% over the past year and Zillow predicts they will rise 2.2% within the next year

    #1      8219 NE 26th Street, Clyde Hill, WA 98004 with 4 bedrooms, 5 baths, and 4,290 sq.ft. is listed for sale at $3,250,000


    Neighborhood is personified in this exquisite NW Craftsman home. Enjoy breathtaking Olympic Mtn and Lake WA views throughout the residence. Main floor design is open and inviting w/Great Rm, Family Room with fireplace, Media Rm and Large Bedroom with En Suite. Epicurean Kitchen with upgraded Floors, Counters and Appliances. Master Retreat with spectacular views, Den/Library, Flex space and 2 Dreamy Bedrooms encompass upper level. Exterior Living features multiple Patios, Sporting Lawn and Fire Pit. Timeless. Dignified. Magnificent.







    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!

    Cordially,

    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