Wednesday, April 5, 2017

Today's Best Mansion 

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

#1    1 Central Park West #47 BC, New York, New York 10023 with 6 bedrooms, 6 baths, and 6,360 sq.ft. is listed for sale at $34,900,000.



Upon entering the apartment the unrivaled level of quality and workmanship is evident. You are greeted in a spectacular foyer of rich marble flooring, extravagant black lacquered and gold-leaf gilded doors and moldings, and custom designed overhead lighting setting the stage for the opulence ahead of you. The layout of this 6 bedroom apartment, flows seamlessly radiating from the central entryway to every section of this (approx.) 6,500 square foot masterpiece. Just off the grand foyer you will find expansive communal entertaining spaces, the Chef's kitchen, a Master Suite wing and the Guest Quarters wing. You are invited, and encouraged, to walk through the unit slowly to appreciate the highest levels of craftsmanship that have gone into every aspect of this property. However, don't let the opulence distract you from the extraordinary views from every window - East to Central Park, West to the Hudson River and South for an extensive full view of the City. The building, One Central Park West, matches the stature of the apartment, as one of Manhattan's most prestigious and well-run addresses, unit #47BC is one of its largest apartments.




















Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $556,300. Los Angeles County home values have gone up 7.-% over the past year, Zillow predicts they will rise 0.8% within the next year.

The median home value in Brentwood, 90049 is $2,493,800. Brentwood home values have gone up 6.8% over the past year.  Zillow predicts they will rise 1.5% within the next year

The median home value in Malibu is $2,887,500.  Malibu home values have gone up 5.7% over the past year.  Zillow predicts they will rise 0.8 % within the year.'
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The median home value in Bel Air, 90077 is $3,283,500. Bel  Air home values have gone up 2.9% over the past year.  Zillow predicts they will remain even 0.0% within the next year.

The median home value in Beverly Hills 90210 is $4,842,000.  Beverly Hills home values have gone up 6.0% over the past year.  Zillow predicts they will rise 0.6% with the next year.

#1     1910 Bel Air Road, Bel Air, CA 90077 with 6 bedrooms, 8 baths and 
11,805 sq.ft. is listed for sale at $23,500,000


New gated estate compound atop one of the highest ridges in Bel Air. A symphony of nature surrounds this natural setting offering sublime views rarely seen in LA. Modern architecture, inspired by Mid Century design, is artfully displayed as guests approach a glass-walled entry. Complete privacy is felt in all areas of the outdoors & interior spaces, even though a virtual transparency exists between residence and nature. Motorized sliding glass walls disappear silently, bringing fresh breezes inside. Features include wire-brushed oak floors, rough-hewn stone walls, & soft-touch kitchen cabinets. Grand scale Kitchen & family eating areas plus a Caterer's kitchen allows flawless entertaining. An unforgettable Master Suite offers 6 rms proving Fantasy can become Reality. Guest House, Theatre, Gym/Yoga Studio, Ocean View Lounge, Zero edge Pool, Outdoor Dining Pavilion, Grilling courtyard, Motorcourt and dual double garages begin an endless list of amenities. The luxury of nature comes home.











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 $416,500. Scottsdale home values have gone up 2.9% over the past year. Zillow predicts they will rise 0.2% withiin the next year. 

The median home value in Carefree is $753,200. Carfree home values have gone up 5.0% over the past year.  Zillow predicts they will rise 1.6% within the next year.  

The median home value in Paradise Valley is $1,603,200.  Paradise home values have gone up 2.5% over the past year. Zillow predicts they will rise 0.3% within the next year. 


#1     8525 E Whisper Rock Trail, Scottsdale, AZ 85266 with 5 bedrooms, 6 baths and 8,000 sq.ft. is listed for sale at $3,915,000.


Timeless and elegant family estate on 3-acres in WR Estates with protected, south-facing views of Pinnacle Peak * Built by renowned builder Jesse Hill, this property includes 3 bedroom suites, formal and kitchen dining rooms, over-sized great room, an office and theater in the main house * The detached guest house includes an en suite with a full kitchen and living room plus a separate bunkhouse en suite

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Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $529,200. San Diego County home values have gone up 5.4% over the past year. Zillow predicts they will remain even 0.0% within the next year.

The median home value in La Jolla, 92037 is $1,487,400. La Jolla, 92037 home values have gone up 6.7% over the past year.  Zillow predicts they will rise 0.1% within the next year. 

The median home value in Solana Beach 92075 is $1,262,200. Solana Beach 92075 home values have gone up 4.9% over the past year.  Zillow predicts they will decline - 0.6% within the next year.

The median home value in Del Mar 92014 is $1,684,400 Del Mar home values have gone up 10.1% over the past year.  Zillow predicts they will rise 1.5% within the next year.

The median home value in Rancho Santa Fe is $2,560,100. Rancho Santa Fe home values have declined -4.4% over the past year and Zillow predicts they will decline -3.0% within the next year.


#1     3004 Sandy Lane, Del Mar, CA 92014 with 5 bedrooms, 4 baths and
 
4,000 sq.ft. is listed for sale at $16,950,000.


Cutting Edge Coastal. A year in the making this stunning Beach Colony Estate was rebuilt and buffed out in 2016. No expense was spared in designing a once in a lifetime 5BR residence situated on an incredibly private over sized (approx. 1/3 acre) lot inside the prestigious gated enclave of Sandy Lane with private access to both Del Mar beach and San Dieguito river mouth.







Today's Top San Francisco Luxury Estate 

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,145,300. San Francisco home values have gone up 0.0% over the past year.  Zillow predicts they will decrease by - 0.5% within the next year.

The median home value in Sausalito is $1,280,200. Sausalito home values have gone up 4.4% over the past year. Zillow predicts they will rise 0.3% within the next year. 

The median home value in Tiburon is $2,490,300. Tiburon home values have gone up 1.4% over the past year.   Zillow predicts they will rise 0.4% within the next year. 

The median home value in Saratoga is $2,399,200. Saratoga home values have gone up 0.9% over the past year.  Zillow predicts they will rise 0.3% within the next year. 

The median home value in Atherton is $6,271,800. Atherton home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.7% within the next year. 

#1 141 Gilmartin Drive, Tiburon, CA 94920 with 5 bedrooms, 7 baths and 
8,460 sq.ft. bis listed for sale at $7,250,000.


Nestled in an exclusive enclave of luxury estates this gated and private residence has it all.Grand scale living. Panoramic views of the bay, bridge,open space & hills.Gourmet kitchen.Two family rooms.Inviting floor plan. Oversized master suite. Guest suite wing with private entrance. Expansive entertainment deck. Indoor pool with bar area, shower and fireplace. Amazing movie theatre. 3 car garage.













Today's Top Seattle Luxury Estate 


Image result for Seattle

The median home value in Kirkland is $609,700.  Kirkland home values have gone up 13.5% over the past year.  Zillow predicts they will rise 4.0% within the next year.

The median home value in Seattle is $624,700. Seattle home values have gone up 11.4% over the past year. Zillow predicts they will rise 3.8% within the next year.

The median home value in Bellevue is $762,500. Bellevue home values have gone up 12.8% over the past year. Zillow predicts they will rise 3.9% within the next year. 


The median home value in Mercer Island, WA is $1,349,500, Mercer island home values have gone up 12.3% over the past year.  Zillow predicts they will rise 4.1% with the next year.

The median home value in Clyde Hill is $2,275,200. Clyde Hill home values have gone up 11.8% over the past year. Zillow predicts they will rise 3.4% within the next year.

The median home value in Medina is $2,376,600. Medina home values have gone up 10.5% over the past year and Zillow predicts they will rise 3.6% within the next year.

#1     5656 E Mercer Way, Mercer island, WA 98040 with 5 bedrooms, 5 baths and 
5,790 sq.ft. is listed for sale at $3,688,888.


Float your boat(s)! This 2005 custom waterfront home enjoys 64' of private waterfront w/a 73'dock plus 3/5 interest in adjacent 34' waterfront shared by 3 homes w/a 62'dock. Soaring ceilings and walls of glass add sparkle throughout the home and blur the lines between indoor and outdoor living space. Life revolves around the Command Center kitchen, be it homework at the counter, breakfast in the nook or movie night in the great room. Catch your favorite movies w/out leaving the house!


5656 E Mercer Wy, Mercer Island, WA

5656 E Mercer Wy, Mercer Island, WA

5656 E Mercer Wy, Mercer Island, WA

5656 E Mercer Wy, Mercer Island, WA

5656 E Mercer Wy, Mercer Island, WA

5656 E Mercer Wy, Mercer Island, WA

5656 E Mercer Wy, Mercer Island, WA


Today's Top Real Estate News

First Read on February Home Prices Surprisingly Strong
"Home prices and rents have risen the most in local markets with high demand and limited supply, such as Seattle, Portland and Denver,
By Jann Swanson
Mortgage News Daily

CoreLogic says house price increases picked up the pace again in February.  After the rate of appreciation dipped from 7.2 percent for the 12 months ended in December, to 6.9 percent annually in January it appeared the long-awaited price deceleration had begun.  A similar downturn had been noted in January for indexes maintained by Black Knight Financial Services and the Federal Housing Finance Agency (FHFA) although S&P Case Shiller's index rose for the month.  The monthly indices were mixed. 

CoreLogic's HPI for February, however, shows the rate of appreciation on the rise again.  The company puts the January to February change at 1.0 percent, it was 0.7 percent in January, and the increase from February 2016 at 7.0 percent. 

CoreLogic also provides a forecast for price changes on both a monthly and an annual basis.  This month the company projects a gain of 0.4 percent from February to March and from February 2017 to the same month in 2018 at 4.7 percent.

Over the previous 13 months the CoreLogic forecast for monthly increases have averaged 0.43 percent.  The actual price gains over that period have averaged 1.21 percent.  The estimates for annual changes have averaged 5.13 percent while the actual average price gains have been 6.5 percent. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state. 

"Home prices and rents have risen the most in local markets with high demand and limited supply, such as Seattle, Portland and Denver," said Dr. Frank Nothaft, chief economist for CoreLogic. "The rise in housing costs has been largest for lower-tier-priced homes. For example, from December to February in Seattle, the CoreLogic Home Price Index rose 12 percent and our single-family rent index rose 6 percent for all price tiers compared with the same period a year earlier. However, when looking at only lower-cost homes in Seattle, the price increase was 13 percent and the rent increase was 7 percent." 

"Home prices continue to grow at a torrid pace so far in 2017 and these gains are likely to continue well into the future," said Frank Martell, president and CEO of CoreLogic. "Home prices are at peak levels in many major markets and the appreciation is being driven by a number of dynamics-high demand, stronger employment, lean supplies and affordability-that will continue to play out in the coming years. The CoreLogic Home Price Index is projecting an additional 5 percent rise in home prices nationally over the next 12 months."
Today's Mortgage Rates
                                                                                                                                   52 Week
30 Yr FRM4.14%4.15%-0.013.34%4.39%
15 Yr FRM3.36%3.36%--2.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.38%4.39%-0.013.42%4.60%
5/1 Yr ARM3.11%3.12%-0.012.80%3.25%
Updated: 4/4/17 4:29 PM
Mortgage Rates Hold Steady in Spite of Markets
Apr 4 2017, 5:02PM
Mortgage rates were steady to slightly lower today, even though bond market movement suggested a move higher.  That's interesting because mortgage rates are driven primarily by bond market movement.  It's not common to see the two moving in the opposite direction. 

 So what gives?

In today's case, the discrepancy is pretty easy to explain.  Bonds and rates both improved fairly substantially yesterday.  Bond markets improved a bit more in the afternoon and most lenders didn't have the time or the will to react with rate sheet improvements.
The late day bond market gains also set a high bar for today's measurement of improvement.  

In other words, today's "day-over-day change" looks worse than it is, simply because yesterday's closing levels were so good.  A more holistic view shows the bonds underlying mortgage rates held in line with most of yesterday's range for most of today.  With that in mind, it's really no surprise to see mortgage rates hold steady.

The bigger question, however, is where they go from here.  The 2nd half of the week brings several big-ticket economic reports.  These always have the potential to move markets.  In addition we'll get the Minutes from the most recent Fed meeting tomorrow.  Although the Minutes are merely a more detailed account of the Fed meeting from mid-March, they can nonetheless cause significant volatility for rates.  

Loan Originator Perspective


Bonds have managed a nice rally to start off April.   If you have been floating since last week, I think it is wise to go ahead and lock in now if within 30 days of closing.   It seems we have hit the bottom of our range and have been unable to break through.  Plus, we have some high impact data coming later this week and I would not be surprised if investors sold off bonds heading into the data.  -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.125%
  • FHA/VA - 3.75-4.00%
  • 15 YEAR FIXED - 3.375-3.5%
  • 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