Monday, March 27, 2017


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

Today's Best Mansion 

#1      Ellen DeGeneres' Montecito Villa, Santa Barbara, CA 93108 with 6 bedrooms,
8 baths, and 10,500 sq.ft. is listed for sale at $45,000,000.



In the hills of Santa Barbara, the pure pastoral ambience of the Tuscan countryside pervades this elegant stone villa, with its gentle light, rugged stone and wood and reverence for the natural surroundings. Perched on a crest with views of the ocean, harbor, and mountains, the secluded estate was designed and built in the 1930s by celebrated architect Wallace Frost. After living in Italy, Frost created the two-story, 10,500-square-foot residence for himself, emulating the classical style of 17th-century Italian villas and creating an air of Old World romance and refinement. Impeccable attention was paid to every detail: a classic barrel-tiled roof, terra-cotta surfaces, wide wood flooring planks, rustic exposed ceiling beams, 18th-century Italian tiles, vintage light fixtures, and sturdy walls of locally quarried stone.Highlights include six restful bedrooms, six baths, nine fireplaces, a media room, multiple libraries, a regal living room, a formal dining room, an inviting kitchen with marble-wrapped surfaces and stainless-steel appliances, relaxing stone terraces, and exquisite landscaping. Windows and glass doors admit lovely natural light, opening to encourage an interplay with the outdoors. The 16.88-acre grounds, secured by 18th-century Spanish gates and approached by a meandering quarter-mile drive, are strewn with olive and eucalyptus trees, charming fountains, colorful gardens, and eye-catching statuary and sculpture. An idyllic alfresco dining area is tucked beneath striking mature trees, their winding, twisting branches creating cool shade. Beside the alluring Roman-style pool, amid a swath of verdant grass, an antique Italian column creates a dramatic silhouette, most notably at sunset. Recent additions include the spacious, modern entertainment pavilion known as Jordan Hall; a lap swimming pool; and a tennis court. As the land rolls gently downhill, tall trees give way to a sweeping view of the Pacific and the hills beyond.














Today's Top Real Estate News
6 US Cities Poised To Become Tech Centers 
By Falom Fateni 
Forbes





Pollination. It’s as natural as the sunrise. With the help of birds, bees, and animals, plants produce offspring. Fertilized seeds take root, sprout, and bear fruit, which is then eaten, and its seeds are scattered again.

The outward migration from San Francisco is spreading prosperity and innovation to new places. As tech leaders settle in new neighborhoods, they challenge old ways of doing things, draw from local cultures, and create fresh solutions. All they need is a breeze and a warm place to land.
This is happening right now as Silicon Valley’s innovative spirit spreads across America. To be sure, the Bay Area remains the nation’s most vibrant tech center. For 20 years, Silicon Valley has increased its tech-related patent registrations by a power of 10Instead of holding tight to top talent, however, Silicon Valley is spreading its seeds. Those floating away are planting themselves firmly in other metropolises.
If you haven’t yet seen them bloom in your city, you will soonMore than two-thirds of tech workers now feel little or no need to live in the Bay Area. Theyre buzzing eastward, finding opportunities in the Midwest, Northeast, and South — and everywhere in between.
Where are these fertile fields attracting tech entrepreneurs and teams? Here’s a hint: They’re not the places you might expect.

2017s tech meccas looking to overthrow Silicon Valley
1. Salt Lake City, Utah
Once known primarily for its Mormon Tabernacle Choir and fantastic vistas, Salt Lake City was recently ranked by Entrepreneur as the top startup destination outside of San Francisco or New York City.
For those in the know, the ranking wasn’t a big surprise. Three years ago, eBay took the lead by opening an enormous facility there. Venture capitalists have taken note, collectively offering hundreds of millions in seed money to Utah-based startups.
Vaughn Aust, EVP of marketing and product at MarketStar, partially attributes his companys success to its relocation to Salt Lake Citys suburbs. Aust points to the citys stable workforce, top-ranking tech universities, low cost of living, attractive climate, low crime rate, and family-friendly atmosphere. Plus, he explained, Mormon missionaries often return to their Salt Lake City roots, bringing back multilingual abilities and phenomenal sales skills.
Al Domo, VP of Communications Julie Kehoe is just as passionate as Aust about the “Silicon Slopes.” She appreciates the business-friendly climate fostered through the region’s cultural roots of self-sufficiency and industriousness.
2. Denver, Colorado
The Mile-High City scores big with startups seeking talent, connectivity, and culture. It has such a following that a survey of 100 California tech workers indicated nearly half were prepared to relocate to places like Denver. They’re drawn by expanding tech workplaces, such as Google’s $150 million office complex in nearby Boulder, Colo., as well as dozens of growing startups.
Why? Scott Heimes, CMO of Denver-based SendGrid, believes the city has a unique blend of qualities, including its picturesque landscape and active, outdoorsy culture. The city’s residents, according to Heimes, are also a big part of the Denver draw. And it doesn’t hurt that Denver offers a business environment focused on public-private collaborations, either.
3. Atlanta, Georgia
Craving relocation to the East Coast? Opportunities for Atlanta-based tech jobs, including software developer, software programmer, and computer support roles, have grown far more quickly than the national average. Atlanta’s total tech jobs have grown by 46.7 percent since 2010 — almost 20 percentage points above the national average.
QASymphony CMO Jeff Perkins talks about Atlanta as a place with a flourishing business community that includes startup hubs such as Atlanta Tech Village, Switchyards Downtown Club, and Advanced Technology Development Center. With elite local universities like the Georgia Institute of Technology and Emory University churning out talent, he’s certain Atlanta’s tech boom is no fluke.
Like plenty of other Atlanta tech companies, QASymphony took money from venture capital firms. But Perkins dismisses the idea that Atlanta is a bubble waiting to be popped by unrealistic investor expectations and valuations. Instead, he sees Atlanta as an old-school business locale that attracts companies intent on generating real revenue. Startups including Pardot, Silverpop, Virtue Group, and SecureWorks would probably agree: They’re all Atlanta-based firms acquired in big exits.
Of course, Atlanta’s tight-knit tech community creates challenges for newcomers. Perkins recommends tech transplants “network, network, network” to break into the mix. Startup Chowdown, a local gathering of tech entrepreneurs, is a great way to meet people over heaping plates of Southern cuisine.
4. Portland, Oregon
Believe it or not, the tech community in Portland, locally known as the nation’s “Silicon Forest,” is actually growing faster than its Silicon Valley counterpart. From 2010 to 2013, Portlands tech talent pool grew by almost 30 percentoutpacing Silicon Valley’s by nearly 10 percentage points.
Part of Portlands appeal lies in its telecommuting opportunities: More than 6 percent of its workers do their jobs from home. That’s huge for startup employees in search of work-life balance.
Portland’s proximity to the Bay Area is a selling point for tech workers, too. Andy MacMillan, CEO of Portland-based Act-On, chose the city because of the neighboring Bay Area, quirky culture, affordable housing, and vibrant city life. MacMillan also noticed Portlanders take special pride in their work, contributing to their community however they can.
5. Seattle, Washington
Seattle isn’t just a paradise for coffee and music lovers: In 2016, it was heralded as the nation’s third-best tech city by CBRE. Tens of thousands of tech employees have migrated to the Emerald City since 2010, likely lured by top-notch salaries: Seattles tech workers make more than $110,000 per year.
Manuel Medina, CEO and co-founder of SaaS sales service Outreach, says success stories like DocuSign, Redfin, and Avalara make it a proven tech center. Microsoft and Amazon have also embedded themselves in the Seattle rhythm. Startup founders and enterprise tech teams mingle at GeekWire and Techstars community events. And in their downtime, Seattleites kayak Puget Sound and hike neighboring national park trails.

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      251 N Layton Drive,  Brentwood, CA 90049 with 4 bedrooms, 4 baths, and 
4,500 sq.ft.  is listed for sale at $6,995,000.

251 N Layton Drive, Los Angeles, CA


Immaculately maintained traditional home nestled on a huge private park-like lot in the prestigious guard gated community of Brentwood Circle. This bright and spacious home features a family room with wood and gas burning fireplace, a den/reading room that leads out to the pool area and spa, a billiard room perfect for evening entertaining, an office with custom built-ins and en-suite bathroom, a master suite with huge walk-in closet and two private balconies, a gym, a guest suite, and a recently remodeled kitchen with all high-end appliances. With nearly every area opening to the oudoors, this home is also an ideal setting for entertaining. The meticulously manicured grounds include everything from olive, fig, grapefruit, lemon, and kumquat trees to spectacular roses, trumpet flowers, and jasmine. There's even a stream that runs along the garden with stone benches! Perfect for outdoor afternoon relaxing with a good book. Only moments to all the finest Westside amenities.

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

251 N Layton Drive, Los Angeles, CA

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     20749 North 101st Street #1303, Scottsdale, AZ 85252 with 4 bedrooms, 5 baths, and 4,876 sq.ft. is listed for sale at $1,995,000


Beautifully appointed Camelot Verandah home in The Parks at Silverleaf. Perfectly located on a corner lot and within walking distance to two of the 13 beautiful parks. This home has a formal living and dining room with wood flooring and plenty of french doors opening to covered loggias. The gourmet kitchen with two islands, light cabinets and marble counters opens to family room with gorgeous dual-sided fireplace. Great office with custom built-ins located just off the family room and opens to the pool patio. Master Suite includes separate sitting room, wood flooring, and generous Master Bath and walk-in closet. All guest bedrooms are ensuite and wood flooring. Great outdoor spaces includes a play pool, outdoor dining, BBQ area and plenty of turf for kids or dogs,












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     4843 La Jacaranda, Rancho Santa Fe, CA 92067 with 4 bedrooms, 5 baths, and 7,861 sq.ft.  is listed for sale at $5,299,000.

4843 La Jacaranda, Rancho Santa Fe, CA 92067

Gorgeous, Open, Airy and Private grounds surround this Stunning and beautifully designed sprawling Ranch. An idyllic setting at the end of a cul-de-sac on the Westside it's enhanced by ocean breezes. A quiet sophisticated floor plan features 3 BR suites at one end, the Master and office at the other with its Big public rooms in the center. Marvelous countryside views, tall ceilings, exquisite craftsmanship, art lighting throughout, with amazing media and light controls. A fantastic 2 bedroom guest house off the pool!

4843 La Jacaranda, Rancho Santa Fe, CA 92067

4843 La Jacaranda, Rancho Santa Fe, CA 92067

4843 La Jacaranda, Rancho Santa Fe, CA 92067

4843 La Jacaranda, Rancho Santa Fe, CA 92067

4843 La Jacaranda, Rancho Santa Fe, CA 92067

4843 La Jacaranda, Rancho Santa Fe, CA 92067


4843 La Jacaranda, 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 $1,148,700. 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     19251 Black Road, Los Gatos Mountaiins, CA 95033 with 5 bedrooms, 4 baths, and 6,489 sq.ft. is listed for sale at $4,595,000.

19251 Black RD, LOS GATOS, CA

As seen on HGTV Dream Builders. Grand, gated estate. An entertainer's paradise. Newly remodeled kitchen in 2017 w/adjacent breakfast room overlooking backyard. Plenty of room to park 50 cars and entertain hundreds of guests. Site of private IPO launch parties, charity, wedding, concert and executive off-site events. Excellent floorplan. Rare 30 acres in desirable Los Gatos. Impressive entry and family room w/vaulted ceilings. Spacious main floor master bedroom. Big hill views w/vistas of Lexington Reservoir and Silicon Valley. Over $3m in land improvements alone. Car collectors will appreciate the oversize 4-car garage w/extra high ceilings + bonus storage for secondary garage or shop. 240V terminal for Tesla owners. Oversize flagstone patio. Flat yard for athletics, charity events & play. Authentic English conservatory. Fruit and nut trees. Hiking trails. Fabulous, state-of-the-art pool w/cascading waterfalls, professional waterslide, spa and even a cave. Close to Downtown Los Gatos.

19251 Black RD, LOS GATOS, CA

19251 Black RD, LOS GATOS, CA

19251 Black RD, LOS GATOS, CA

19251 Black RD, LOS GATOS, CA

19251 Black RD, LOS GATOS, CA

19251 Black RD, LOS GATOS, CA

19251 Black RD, LOS GATOS, 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     3605 96th Avenue NE,  Kirkland, WA 98033 with 5 bedrooms, 5 baths, and 
5,691 sq.ft. is listed for sale at $2,375,000.

1 1094409 0 1490292235 636x435
Striking estate with NW scenery! Natural light welcomes to elegant entry, living spaces with soaring ceilings. Open concept kitchen with nook and sitting room. The garden views are perfect for gatherings. Two guest suites with recreation level for wealth of space for guests! Master suite includes grand hall entry, two walk in closets, lounge area, sunlit windows. Close proximity to Bellevue and Kirkland and easy access to Seattle. Architectural gem meets convenient location minutes from city centers! Bellevue Schools!

3605 96th Ave NE, Kirkland, WA

3605 96th Ave NE, Kirkland, WA

3605 96th Ave NE, Kirkland, WA

3605 96th Ave NE, Kirkland, WA

3605 96th Ave NE, Kirkland, 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