Friday, March 31, 2017

Today's Best Mansion 

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

#1     4 East 66th Street, 3rd Floor,  New York, NY 10065 with 5 bedrooms, 8 baths 
and 4,000  sq.ft. is listed for sale at $65,000,000.

Image result for 4 east 66th street, building photo

Massively grand and vast, this extraordinary residence overlooking Central Park is truly an architectural tour de force. The baronial volumes of J.E.R. Carpenters most important New York City apartment building are impeccably complimented by the talents of world renowned architect and interior designer, Peter Marino. Very recently renovated, the absolutely stunning and truly triple mint condition residence displays a design vernacular that is imminently classic yet also subtly edgy. Moreover, the quality of the commissioned work is second to none while the functionality of the space is superb. Three impressive entertaining rooms, all with soaring 12 foot high ceilings and wood burning fireplaces, distinguish the residence and are accessed via an enormous windowed and sun lit gallery. A powder room is conveniently situated nearby. The elegant and very separate private quarters are comprised of four lovely Bedrooms with ensuite marble Bathrooms and pretty tree line outlooks. Additionally there is a wonderful corner Master Bedroom Suite with his and hers bookended-matched marble baths and an amazing closet and Dressing Room. All is serviced by an immaculate and pristine white marble Kitchen, a custom fitted Pantry, and a cheery Breakfast Room. Beyond there is also a dedicated Laundry Room, a Staff Room and Bath, and a wonderful Playroom with Bath. The acquisition of this sprawling apartment affords a marvelous opportunity for the most discerning buyer to acquire a residence of unparalleled luxury. 
















Today's Top LA Luxury Estate 


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     1165 Ronda Drive, Manhattan Beach, CA 90266 with 8 bedrooms, 9 baths 
and 9,991 sq.ft. is listed for sale at $11,500,000.



Private trophy compound set behind gates with 473 feet of street frontage and multiple dwellings on largest residential lot in Manhattan Beach. Two main residences on two legal near-half acre parcels which could be sold separately. On peninsula lot with only one adjacent neighbor on a serene semi-secret street in the quietest part of the city, yet less than a mile to the beach and 13 minutes from LAX. Long circular driveway leads through porte cochere and under guest quarters. Total of 8+ beds, 9 baths, 9 fireplaces and 9 car garage parking. Light-filled gourmet kitchen with butler's pantry, Sub-Zero and Wolf appliances. Billiards room, wine cellar, pool house, workshop, maids quarters, high ceilings, and spacious walk-in closets throughout, new central air, doors, windows, etc., all in immaculate condition. Outdoors includes expansive lawns, meticulous gardens, copper roofed gazebo and outdoor sound system. This residence is an oasis of verdant tranquility.










Today's Top Phoenix Luxury Estate  

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     11616 S Esquestrian Trail, Phoenix, AZ 85044 with 4 bedrooms, 7 baths, and 7,923 sq.ft. is listed for sale at $6,499,900.


Contemporary hillside estate is stunning beyond one's expectations. Designed by architect Ian Baldinger, this 1995 orginally built has been totally updated.  Expanded and deeply endowed in 2016, it sits on a prime top of the hill location with city lights and views.  This mountain perserve is encased by spectacular desert glory with lush resort ambiance to be enjoyed fromm all vantage points including the awe inspiring view deck.  The gorgeous fully appointed grounds rival most resorts.













Today's Top San Diego Luxury Estate 



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.

Today's Top San Francisco Luxury Estate 

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     6255 Dry Creek Road, Healdsburg, CA 95448 with 3 bedrooms, 5 baths, and 6,067 sq.ft. is listed for sale at $15,900,000.

6255 Dry Creek Rd, Healdsburg, CA 95448

World class wine country with genteel lifestyle. Nestled within a setting of native oaks, vineyards, enchanting gardens and breathtaking views across Dry Creek Valley...remarkable property and simply captivating. Meandering pathways link the amenities of this estate, sophisticated residence, refined vintage-style barn with spectacular kitchen garden, infinity pool, extensive outdoor terraced patios, fire pit, pro-style golf green. Simply Unparalleled!

6255 Dry Creek Rd, Healdsburg, CA 95448

6255 Dry Creek Rd, Healdsburg, CA 95448

6255 Dry Creek Rd, Healdsburg, CA 95448

6255 Dry Creek Rd, Healdsburg, CA 95448


6255 Dry Creek Rd, Healdsburg, CA 95448


6255 Dry Creek Rd, Healdsburg, CA 95448

6255 Dry Creek Rd, Healdsburg, CA 95448

6255 Dry Creek Rd, Healdsburg, CA 95448

Today's Top Seattle Luxury Estate 


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      1043 Belfair Road, Bellevue, WA 98004 with 5 bedrooms, 5 baths and 
5,573 sq.ft. is listed for sale at $4,399,999.

LUXE Properties presents sleek, modern style with a sophisticated design in Vuecrest. Clean lines and walls of glass showcase downtown Bellevue and MT Rainier views. A modern aesthetic paired with function and a floor plan that embraces entertaining indoors and out. Spacious great room and indoor-outdoor spaces with La Cantina doors to patio overlooking the views. Relaxing master suite, spaces for guests, media room, wine cellar, truly nothing missing. Medina Elementary. An ideal location in the heart of it all.






Today's Top Real Estate News

America's 20 Hottest Real Estate Markets in March 2017


By Cicely Wedgeworth
Realtor.com

sf-painted-ladies-spring


College students may be flocking to Cancun, Mexico, or Panama City Beach, FL, but a look at preliminary realtor.com® data for March makes it clear that there’s no spring break anywhere on the horizon for the real estate market.

Instead, the buying season’s annual spring jump-start came about a month earlier than usual, with homes expected to hop off the market 22 days faster than last month, or 69 days. That’s eight days faster than last year. And that’s a lot.

With the ranks of would-be newbie buyers adding to those who have been frustrated in their search so far, for-sale housing inventory in the U.S. has dropped to record low levels.

March continues the sharp double-digit decline observed since October. And although total inventory has increased over last month, it remains substantially lower than one year ago. While nearly 492,000 new listings will enter the market in March, the added inventory continues to fall short of buyer demand.

“While the story keeps revolving around low inventory, prices are now also taking center stage, reaching all-time highs and keeping waves of buyers at bay,” Vivas said.

The median list price has pushed above $250,000, where it has hovered since May 2016. The median list price, now $260,000, is 8% higher than it was one year ago.

The realtor.com economic data team analyzed our data for the country’s largest metropolitan markets to find those where buyers are clicking up a storm on our listings and where homes are speeding off the market like they’re late for a flight to the islands. These markets may seem like a tough nut to crack for buyers, but homes there are likely to be a good investment.

Maintaining its perch atop the ranking for the second month in a row is the San Francisco Bay Area city of Vallejo, followed by San Francisco itself. Mind you, when we talk about these metropolitan markets, they typically include other satellite cities—the San Francisco market encompasses Oakland and Hayward, and No. 3 Dallas includes Fort Worth and Arlington.

New to the top 20 in March were Santa Cruz, CA; Fort Wayne, IN; and Grand Rapids and Ann Arbor in Michigan. Let’s check out the rest!

The Hot List

Rank (March) 20 Hottest MarketsRank (February)Rank Change 
1Vallejo, CA10
2San Francisco, CA20
3Dallas, TX30
4Denver, CO40
5San Jose, CA50
6Sacramento, CA71
7Colorado Springs, CO92
8San Diego, CA6-2
9Santa Cruz, CA2415
10Boston, MA188
11Santa Rosa, CA198
12Columbus, OH164
13Stockton, CA8-5
14Fort Wayne, IN2612
15Grand Rapids, MI3419
16Modesto, CA11-5
17Ann Arbor, MI225
18Midland, TX12-6
19Detroit, MI13-6
20Oxnard, CA14-6

Today's Mortgage Rates
                                                                                                                                   52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.21%4.21%--3.34%4.39%
15 Yr FRM3.42%3.42%--2.69%3.61%
FHA 30 Year Fixed3.85%3.85%--3.15%4.10%
Jumbo 30 Year Fixed4.44%4.43%+0.013.42%4.60%
5/1 Yr ARM3.11%3.12%-0.012.80%3.25%
Updated: 3/30/17 4:49 PM
For Mortgage Rates, Once Again, It Depends
Mar 30 2017, 5:20PM

For the third day in a row, day-over-day mortgage rate movement depends heavily on the lender.  That means some lenders will be in noticeably better shape vs their latest offerings from yesterday while others will now be quoting higher rates.

At issue is the volatility in bond markets (which dictate mortgage rates).  Moreover, the timing of the volatility over the past 3 days resulted in some lenders making late-day adjustments to rate sheets while others simply waited for the following morning.  If that leads you to think of phrases like "it all comes out in the wash," you have the right idea.  Looking past recent volatility, most lenders are right in line with their rate sheets from late last week.  They've simply walked slightly different paths to get there.  

As far as markets are concerned, the net effect of today's bond trading suggests upward pressure on rates.  The implication is that there are quite a few lenders who did not move rates higher this afternoon due to the timing and scope of the market weakness.  It's fair to assume that they'll be offering slightly higher rates tomorrow morning, unless bond markets improve overnight.

4.25% remains the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios. 

Loan Originator Perspective


I commented yesterday that treasury yields were near our recent range's (2.38-2.42%) low, and as if on cue, they rose today to 2.42%.  Mortgage pricing worsened slightly, although few lenders repriced during the day.  We're still near the 30 day low for rates, so there's no shame in locking at these levels.  I'd rather pick up a fallen knife than have a falling one pierce my hand.  -Ted Rood, Senior Originator

I continue to favor locking once within 30 days of closing.  Bonds just do not see a reason to break below our current floor in the mid 2.3s on the 10 year treasury note.   Consumers continue to have more to risk than to gain by floating. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.25%
  • FHA/VA - 3.75-4.25%
  • 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.
    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