Monday, April 3, 2017

Today's Best Mansion 

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

#1     830 Birchwood Drive, Holmby Hills, CA 90024 with 7 bedrooms, 9 baths, and 9,593 sq.ft. is listed for sale at $24,500,000.



This private Spanish estate that's only minutes from the LA Country Club is a gem that is centrally located in Little Holmby Hills. Step into this formal entry with beautifully designed stone flooring, fireplace, built-ins and rounded archways. Light and dark stained wood flooring and natural light throughout this home's perfect floor plan which hosts a vaulted wood ceiling in living room, formal dining room w/high wood beamed ceiling, wrought iron stair railings, den/theatre room, arts and crafts room, covered verandas, gym and large master suite w/sitting area and his & hers bathrooms & closets. Outdoor spaces are surrounded by lush landscaping that provides optimal privacy. Pool, spa, patio w/built in kitchen and BBQ that's perfect for alfresco dining, large grassy flat pads, half basketball court, quaint play/tree house and much more! This property is very special and a must see!













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     11902 Ellice Street, Malibu, CA 90265 with 5 bedrooms, 8 baths, and 
8,737 sq.ft. is listed for sale at $14,488,000.



This newly constructed modern estate is perched just above the crashing surf in MariSol,
an award-winning destination and one of Malibu's most exclusive developments. While enviably secluded amidst the cliffside, the home is just moments from Malibu's best restaurants, shopping and private airport. The unrivaled floorplan is designed to capitalize on California's allure with its seamless integration of indoor and outdoor living spaces. Situated upon a 110-foot bluff, the Berry Berkus -designed home is accented w/a zero-edge infinity pool/spa, oversized outdoor patio with a covered gazebo, fireplace and entertainment center. With a 10,530-square-foot interior, this Crestron-controlled home evokes a strong sense of fluidity amongst voluminous rooms supplemented by soaring ceilings. Set within a gated driveway, the meticulously landscaped yard and comparably sophisticated home emanate an unrivaled resort-style feel from top to bottom: the ultimate realization of contemporary, coastal living. 












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
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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    9820 E Thompson Peak Parkway, Scottsdale, AZ 85255 with 5 bedrooms, 6 baths, and 6,675 sq.ft. is listed for sale at $3,500,000

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This DC Ranch custom is uniquely situated on the 17th fairway capturing sweeping views of the McDowell mountains, serene golf course and cascading city lights.Built by Fisher Homes and remodeled by Eric Linthicum in 2013, this sophisticated prairie ranch offers a well-planned design with desirable four car garage and regal interiors throughout. Striking Brazilian wood flooring, temperature controlled glass wine wall, impressive grand stone fireplace walls, five wood burning/gas fireplaces and timeless Venetian plaster set the stage of this chic artistic home. Luxurious kitchen with oversized marble top island features Viking/Double Sub-Zero and an substantial butler pantry/prep/utility room. Resort style master suite and so much more!.

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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.

#1     18446 Calle La Serra, Rancho Santa Fe, CA 92091 with 5 bedrooms, 6 baths, and 8913 sq.ft. is listed for sale at $4,350,000.


Prepare to be thoroughly impressed by unparalleled craftsmanship, natural beauty and enduring style the moment you encounter this magnificent custom estate beyond the guarded entry gates of The Bridges at Rancho Santa Fe. A prime location overlooking the 9th Fairway of the community's top-rated golf course affords captivating views of surrounding hills, a serene lake, exclusive clubhouse, a vineyard, namesake bridges and romantic sunsets.








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     301 Main Street #37B, San Francisco-South Beach, CA 94105 with 3 bedrooms, 
4 baths and 2,800 sq.ft. is listed for sale at $12,500,000


Fall in Love. San Francisco's Premier Penthouse home occupies the entire Eastern half of the Top Floor of Tower I at The Infinity. The floor to Ceiling Windows gaze onto Water and Bridge views from every room. This dream home ideally located along San Francisco's Waterfront Embarcadero offers true indoor / outdoor resort living with three separate outdoor spaces, 10.5 foot ceilings, imported marble floors, Studio Becker Cabinets, Chef's Kitchen, Viking & Thermador appliances, custom Studio Becker closet treatments, pre-wired custom Smart Audio/Video/ Lighting, and custom motorized window coverings. Three Car Deeded Parking. Amenities include 24 hr doorman, concierge, security, gym, sauna, lap pool, club room, business center and Theater.











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     808 84th Avenue NE, Medina, WA 98039 with 4 bedrooms,3 baths, and 
2,970 sq.ft. is listed for sale at $2,988,000


Modern perfection in the heart of Medina. West facing with brilliant lake and city views. Custom built using fresh design and all high-end detailing. Central kitchen with gourmet SS appliances and innovative Italian Valcucine kitchen and wine bar. Living/dining areas with soaring ceilings and open spaces all leading to a prime entertaining deck capturing colorful sunsets and breathtaking views. Luxury master suite with heated tile floors, private/flat lot, Medina Elementary. An extraordinary opportunity.








Today's Top Real Estate News

Homes Are Selling 8 Days Faster This Spring

By Marian McPherson
Iman

Prices are booming, but that isn't stopping inventory from flying on and off the market. Realtor,com stats indiicate h omes on the market this spring are expected to be sold within 22 days.  Five of the 10 hottest markets are in California, with the Vallejo-Fairfield area taking the top spot.

Are you lollygagging when it comes to putting your home on the market? Or are you 
a buyer who’s moving like molasses on making an offer? Then you may want to review realtor.com’s latest market analysis that says this spring will be the hottest buying season yet. According realtor.com Manager of Economic Research Javier Vivas, the median days on market for homes are the lowest they’ve been since the end of the recession, despite booming prices.

“Calendars might say spring is only a week old, but we’re already in the thick of the most frenzied spring home buying season on record,” Vivas said in a press release.


Currently, the median number of days a home stays on the market is 69 — eight days fewer than March 2015. And experts are predicting the buying market will speed up to a fever pace with homes only staying on the market for 22 days as the spring season goes into full swing.

But buyers have to be cognizant of booming home prices due to the ever present issue of low inventory, says Vivas. The median home price in March was $260,000, an 8 percent year-over-year increase.



The National Association of Realtors also predicted a robust spring buying season in their latest Pending Home Sales Index report.

“Looking ahead to the busy spring months, Yun expects to see continued ebbs and flows in activity as new supply struggles to replace listings that are going under contract at a very quick pace. This is especially the case at the lower- and mid-market price ranges, where choices are minimal and prices are being bid higher by multiple offer,” the associated noted.


Today's Mortgage Rates
                                                                                                                                   52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.19%4.21%-0.023.34%4.39%
15 Yr FRM3.40%3.42%-0.022.69%3.61%
FHA 30 Year Fixed3.85%3.85%--3.15%4.10%
Jumbo 30 Year Fixed4.43%4.44%-0.013.42%4.60%
5/1 Yr ARM3.10%3.11%-0.012.80%3.25%
Mortgage Rates End Week Little-Change 
Mar 31 2017, 4:59PM

Mortgage rate were unchanged to slightly lower today.  Once again, the actual change you see will depend heavily on the lender in question.  Most are fairly close to yesterday's latest levels but a few are noticeably better or worse.  In general, those who deviated from "unchanged" today, did so in a friendly direction.  This was made possible by steady improvements in bond markets throughout the day, resulting in several lenders updating rate sheets in the middle of the day.

All that having been said, no matter the direction of the movement, it's all been very smallthis week.  Few, if any lenders are actually offering different NOTE rates compared to any other day this week.  When we talk about "rates" moving, it's only in reference to EFFECTIVE rates (which take upfront costs into account).  

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

Next week brings several big-ticket economic reports, including the important jobs report on Friday.  In addition, the Fed will release the Minutes from its most recent meeting.  This release will be the first time the Fed publishes its forecasts in a new "fan chart" format.  It was the Fed forecasts that helped rates move quickly lower in the middle of March, so if the Fan charts (or any other potential revelation in the Fed Minutes) add a significant amount of information for investors to consider, rates could react quickly.

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