Saturday, March 25, 2017


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

Today's Best Mansion 

#1     5335 N Wilkinson Road, Paradise Valley, AZ 85253 with 7 bedrooms, 
12 baths, and 15,381 sq.ft. is listed for sale at $18,000,000.  

5335 N Wilkinson Rd, Paradise Valley, AZ 85253


Enjoy your own resort! Privacy, luxury and relaxation in the heart of the Valley. Situated on 4.5 acres of lush landscaping boasting over 15,000 sq.ft. of elegance featuring a 3,000-bottle wine cellar, chef's kitchen, library, high-tech media room, exercise room, and an oversized 9 car garage! The outdoor oasis rivals any resort. Dip into your beautiful saltwater pool and spa, entertain with seating for 120 of your closest friends while floating in your 150,000 gallon lazy river with a 30 FT water slide, rope swing, splash pad, volleyball court, firepits and putting green. Enjoy your outdoor commercial kitchen, his & her locker rooms and a separate guest house, in addition to a caretakers cottage with an additional garage! Your dream estate awaits.

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

5335 N Wilkinson Rd, Paradise Valley, AZ 85253

Today's Top Real Estate News

Where Millionaires Are Moving: Australia Tops The List.

Australia is the top destination for millionaires on the move.An estimated 11,000 millionaires moved to Australia in 2016, according to a new report by wealth research firm New World Wealth. That compares to 8,000 millionaires who moved Down Under the previous year.

The U.S. and U.K. have traditionally attracted the highest number of wealthy migrants. But the allure of Australia has increased in recent years, especially for wealthy citizens of China and India. 

New World Wealth said migrating millionaires are drawn to the sunny Australian lifestyle, as well as the country's highly rated health care system, which is considered to be in better shape than those in the U.S. and U.K.

It's considered a safe place to live and raise children, and it's geographically isolated from conflicts in the Middle East and the refugee crisis in Europe

Business considerations also play a role: Australia is a good base for doing business in emerging Asian countries such as China, South Korea, Singapore and India, the researchers said.

australia millionaires migration

About 11,000 millionaires moved to Australia in 2016, according to research from New World Wealth.

The U.S. is still considered a highly desirable destination, welcoming 10,000 foreign millionaires last year. New World Wealth expects demand to remain high.

"We don't think the new leadership in the U.S. will have a big impact. We expect another big net inflow of high-net worth individuals into the U.S. in 2017," said Andrew Amoils, head of research at New World Wealth.

Canada also saw of surge of 8,000 new millionaires coming to its shores. Rich Chinese citizens are moving to Vancouver while Europeans generally head to Toronto and Montreal. 

Fleeing France

Meanwhile, France is suffering from a major exodus of rich individuals.

Over 12,000 millionaires left France last year, according to New World Wealth. In total, the country has experienced a net outflow of over 60,000 millionaires since 2000.

The authors cited religious tensions as one reason why the rich are packing their bags and moving to countries including the U.K., Canada, Australia, the U.S. and Israel.

France's sluggish economy and recent terror attacks may also be contributing to the exodus.

New World Wealth said that crime, taxes and financial issues are some factors that push millionaires to leave their home countries. Increased migration is worrying because millionaires "take large amounts of money with them, which impacts negatively on the local currency, local stock market and local property market." 

millionaires leaving france

Over 60,000 millionaires have left France since 2000, according to New World Wealth.

The group's annual report is based on wealth statistics, property data, investor visa information and interviews with migration experts, second citizenship platforms, wealth managers and property agents.

Got a visa?

Rich individuals still face visa and passport restrictions when moving to a new country.
Investor visa programs have become an increasingly popular option, especially for millionaires in the Middle East and Asia. But only one in five migrating millionaires actually use these programs for their move.

"Most still come in via work transfers, second passports, ancestry visas, spousal visas and family visas," the authors said. 

Today's Mortgage Rates

                                                                                                      52 Week


ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.20%4.20%--3.34%4.39%
15 Yr FRM3.41%3.41%--2.69%3.61%
FHA 30 Year Fixed3.80%3.80%--3.15%4.10%
Jumbo 30 Year Fixed4.40%4.39%+0.013.42%4.60%
5/1 Yr ARM3.09%3.07%+0.022.80%3.25%
Updated: 3/24/17 3:07 PM
                                                                                                                                               
Mortgage Rates in Holding Pattern Until Healthcare Vote
Mar 24 2017, 3:22PM

While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today.  This isn't much of surprise considering yesterday's much-anticipated healthcare vote never happened.  It's rumored to occur this afternoon, but markets won't have much time to react before closing for the weekend.  If you need to get caught up with the healtchare news and the mortgage rate implications, check out yesterday's article.

The bottom line of all this political drama is that it's not about healthcare!  It's about investor confidence in the Trump administration's other policy promises.  If the healthcare deal fails (or is significantly changed), investors will lose hope for the tax cuts promised during the campaign.  That would likely be bad for stocks and good for rates.  Until that vote of confidence can be resolved, there's not much motivation for rates to move from their recent perch with top tier 30yr fixed quotes averaging 4.125-4.25%

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. .

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     1145 Stradella Road, Bel Air, CA 90077 with 5 bedrooms, 6 baths, and 
5,040 sq.ft. is listed for sale at $10,495,000. 


Set behind gates down a long private driveway sits this 5 bedroom + 5 bath Bel Air East Coast Traditional. Built in 2011 this 2 story property has a large a motor court on over an acre. Step down living room with fireplace opens to inviting wrap around terraces with city to ocean views and outdoor dining. Center hall timeless floor plan with formal dining room, library and family room. Gourmet Kitchen has a center island w/Wolf stove, sub- zero refrigerator and Waterworks hardware. Separate Maids room. Hardwood floors throughout. State of the art screening room. Luxurious master suite with dual closets, custom bathroom and balcony overlooking city views . 3 additional en suite bedrooms upstairs. Infinity pool overlooking views with large park like grounds.















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     10500 E Lost Canton Drive, Scottsdale, AZ 85255 with 3 bedrooms, 4 baths and 7,523 sq.ft. is listed for sale at $6,700,000.

10500 E LOST CANYON Drive, Scottsdale, AZ

Designed by Allen + Philp Archtitects, the Bridge House, located in the exclusively private gated community of Lost Canyon, is arguably one of the Valley's most spectacular hillside contemporary homes. Perched on 13 commanding hilltop acres, the distant and canyon vistas are flawlessly captured from every room through floor-to-ceiling walls of glass. The interiors, by renowned designer David Michael Miller, provide a natural and quiet aesthetic that beautifully fuses the surrounding Sonoran desert with the stunning architecture. The stainless steel Bulthaup kitchen, custom millwork, concrete flooring, cast bronze entry stairs and endless unique details are unsurpassed. The infinity-edge swimming pool and locally quarried stone walls add to the subtle drama.

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, AZ

10500 E LOST CANYON Drive, Scottsdale, 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     610 Kalamath Drive, Del Mar, CA 92014 with 6 bedrooms, 5 baths, and 
4,124 sq.ft. is listed for sale at $4,195,000.

610 Kalamath Drive, Del Mar, CA

Old Del Mar Ocean views, stroll to the village, Relax on your .25 acre OCEAN VIEW lot. Enjoy "True" Southern California indoor/outdoor living, Relish in Amazing Quality & over 4,100SF.Gourmet Kitchen complete w/refrigerator drawers, high-end appliances plus steam oven, & sit down OCEAN Vw breakfast nook. Grand main floor Master suite plus Brand-NEW Custom Designer "her" walk-in closet & his walk in closet too. 

610 Kalamath Drive, Del Mar, CA

610 Kalamath Drive, Del Mar, CA

610 Kalamath Drive, Del Mar, CA

610 Kalamath Drive, Del Mar, CA

610 Kalamath Drive, Del Mar, CA

610 Kalamath Drive, Del Mar, CA

610 Kalamath Drive, Del Mar, 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     2440 Filbert Street, San Francisco-Cow Hollow, CA 94123 with 4 bedrooms, 
4 baths, and 3,305 sq.ft. is listed for sale at $5,995,000.

7 455657 0 1490379677 636x435

The European gate opens to a world of beauty with Golden Gate Bridge views and contemporary elegance. You will feel at home from the moment you step into the garden. This elegantly remodeled home features 4 bedrooms, 3.5 bathrooms & sits on extra wide and  deep lot. The main level is ideal for family living and entertainment w/open floor plan kitchen, great room and formal dining rm. The family rm seamlessly connects to the eat-in chef's kitchen with dining and living areas , as well as deck overlooking garden and bay views. The grand formal living rm opens to a 2nd view deck and outdoor seating. Lower lvl guest suite, full BA w/garden access and 5 car pkg. This private and detached home is located w/in walking distance to vibrant Union and Chestnut Streets and The Presidio.

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA


2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

2440 Filbert Street, San Francisco, CA

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     9368 Vineyard Crest, Bellevue, WA 98004 with 4 bedrooms, 5 baths, and 
5,440 sq.ft. is listed for sale at $5,288,000. 

9368 Vineyard Crst, Bellevue, WA

Masterfully designed NW Contemporary exquisitely embodied in this 2013 built 4 bed/5 bath home. Stunning sunrises/sunsets highlight views of Lake Washington/Seattle Skyline/Olympic mountains. Spanning 5,440 sq.ft. this magnificent entertaining home seamlessly transitions indoor to outdoor. Exquisite Chef's kitchen w/expansive Cararra Marble island and professional-grade applcs. Grand view master w/opulent en suite, 2 walk-in closets. LL bonus/rec room/gym and en suite bedroom. Oversized 4car garage.

9368 Vineyard Crst, Bellevue, WA

9368 Vineyard Crst, Bellevue, WA

9368 Vineyard Crst, Bellevue, WA

9368 Vineyard Crst, Bellevue, WA

9368 Vineyard Crst, Bellevue, WA

9368 Vineyard Crst, Bellevue, WA

9368 Vineyard Crst, Bellevue, WA
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