Friday, April 14, 2017

Today's Best Mansions: They’re lavish. They’re huge. They're grand. They're expensive.

#1     3 Harbor Point, Key Biscayne, Florida 33149 with 4 bedrooms, 9 baths, 
and 14,978 sq.ft. is listed for sale at $40,000,000.



Spectacular bayfront to Hurricane Harbor Estate situated on a private harbor point,. Open Biscayne Bay views provide incredible vistas of downtown Miami skyline and picturesque sunsets.  This stunning estate is spread over three floors on an oversized 34,000 sq.ft. lot. It features a lap pool, private gym with sauna and steam bath, pool room, bar with cigar room, wine cellar/tasting room and more. There is a three car garage and a full guest/in-laws apartment above.

Image result for 3 Harbor Point Key Biscayne FL 33149











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     1281 Loma Vista Drive, Beverly Hills, CA 90210 with 4 bedrooms, 5 baths, 
and 4,798 sq.ft. is listed for sale at $9,600,000.

1281 Loma Vista Dr, Beverly Hills, CA 90210

Remodeled from the studs up, with wide-open floor plan and indoor-outdoor flow from almost every room. This property is made to entertain. Dark walnut floors, high end tile work throughout, custom cabinetry and huge master suite with a stunning custom walk in closet. The master bath has marble counters and tile work, a steam shower, spa tub and French doors with city views. The gourmet eat-in kitchen features a butler's kitchen with two refrigerators, dishwasher, stainless sink and black granite counters. The Chef's kitchen has a large center island, marble counters and top of the line appliances.  Enjoy California living is at its best with some of the best outdoor spaces you can imagine. The large pool and spa with new tile overlook city lights and beyond. The backyard features include a BBQ area, 2 fire pits and various water features differentiate this property from most Trousdale homes. Wired for sound with a fabulous state of the art Crestron smart system. 

1281 Loma Vista Dr, Beverly Hills, CA 90210


1281 Loma Vista Dr, Beverly Hills, CA 90210


1281 Loma Vista Dr, Beverly Hills, CA 90210

1281 Loma Vista Dr, Beverly Hills, CA 90210

1281 Loma Vista Dr, Beverly Hills, CA 90210

1281 Loma Vista Dr, Beverly Hills, CA 90210

1281 Loma Vista Dr, Beverly Hills, CA 90210

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     5429 E Caron Street, Paradise Valley, AZ 85253 with 5 bedrooms, 5 baths, 
and 5,715 sq.ft. is listed for sale at $2,800,000.


Timeless architecture by renowned Clint Miller combined with excellent design key elements that make this home what today's buyer is seeking. Artfully rebuilt in 2009 and featured in Phoenix Home and Garden and Luxe Magazine.  Rarely do homes of this quality come on the market. In the most desirable neighborhood in Paradise Valley boasting the best schools, privacy and expansive grounds. Built using authentic adobe block as well as beamed ceilings, wood flooring, and 5 masonry fireplaces. The central great room is adjacent to the intimate dining room, light filled gourmet kitchen and spacious family room creating a perfect flow for entertaining. Pairs of French doors open to the glorious yard. A lovely pool, outdoor living room and kitchen, bocce court, and multiple seating areas as well as curated native landscaping make this a backyard you will enjoy all year long. With five 
bedrooms, a dedicated office, an attached casita, resort styled master suite and so much more. 











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     6673 Calle Ponye Bella, Rancho Santa Fe, CA 92091 with 5 bedrooms, 7 baths and 8,104 sq.ft. is listed for sale at $4,695,000.

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

Breathtaking front and center golf course views impress residents and guests alike immediately upon entering this extraordinary custom estate beyond the guarded entry gates of The Bridges at Rancho Santa Fe. The fairway panoramas and an ideal southern exposure provide a stunning backdrop for entertaining in a backyard that showcases a vanishing-edge pool and spa and a wrap around loggia with outdoor kitchen and pizza oven.

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

6673 Calle Ponte Bella, Rancho Santa Fe, CA 92091

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     3325 17 Mile Drive, Pebble Beach, CA 93953 with 4 bedrooms, 7 baths, 
and 9,288 sq.ft. is listed for sale at $12,500,000.

3325 17 Mile DR, PEBBLE BEACH, CA

Landmark Pebble Beach estate with sweeping golf course and ocean views, ideal for watching the sunrise over the Santa Lucia Mountains. This mid-century modern home, filled with natural light, is abundant in space and luxury with a game room, lower levelcaretaker's apartment, sun room, aquarium, safe room, outdoor fireplace area,and a show-stopping bar area. Upon entry, this Germano Milono designed floor plan is ideal for entertaining with a sunken formal dining room area overlooking the sparkling water and sands of Pebble Beach golf course and Stillwater Cove. Each bedroom suite offers privacy and character with custom built-ins and spacious en-suite bathrooms. Equipped with a 3 car garage and ample space for additional parking, lush landscaping and terraces abound on this 1-acre lot in an absolutely unbeatable location. 

3325 17 Mile DR, PEBBLE BEACH, CA

3325 17 Mile DR, PEBBLE BEACH, CA

3325 17 Mile DR, PEBBLE BEACH, CA

3325 17 Mile DR, PEBBLE BEACH, CA

3325 17 Mile DR, PEBBLE BEACH, CA

3325 17 Mile DR, PEBBLE BEACH, CA

3325 17 Mile DR, PEBBLE BEACH, CA
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     16310 Euclid Avenue NE, Bainbridge Island, WA 98110 with 4 bedrooms,
4 baths, and 7,686 sq.ft. is listed for sale at $4,800,000.

1 1102754 0 1492039002 636x435

Vogue magazine recently voted Bainbridge Island the Nantucketof the Pacific Northwest.When you preview this home I think you'll agree. A classic Nantucket-style home on the shore of Port Madison with 225' of low-bank, west facing waterfront is a rare opportunity to acquire. Walkways with mature landscaping meander to the 190' deepwater dock, boathouse, and beach. French doors lead to a wraparound deck with magnificent views of the harbor. Excellent for entertaining and spending summer days.

16310 Euclid Ave NE, Bainbridge Island, WA

16310 Euclid Ave NE, Bainbridge Island, WA

16310 Euclid Ave NE, Bainbridge Island, WA

16310 Euclid Ave NE, Bainbridge Island, WA

16310 Euclid Ave NE, Bainbridge Island, WA

16310 Euclid Ave NE, Bainbridge Island, WA


16310 Euclid Ave NE, Bainbridge Island, WA


16310 Euclid Ave NE, Bainbridge Island, WA

16310 Euclid Ave NE, Bainbridge Island, WA

Today's Top Real Estate News
New Home Sales Soar, Prices Stabilize  
By Jann Swanson
Mortgage News Daily

The Mortgage Bankers Association (MBA) says it appears that new home sales were exceptional strong in March.  Its Builder Application Survey (BAS) shows purchase mortgage applications for newly constructed single-family homes increased by 21.6 percent, on a non-seasonally adjusted basis, from February and were 6.7 percent higher than the previous March.  

The unadjusted data indicates there were 62,000 homes sold during the month compared to 51,000 in February. On a seasonally adjusted annual basis MBA puts March sales at 670,000, a 14.3 percent gain from the prior month's rate of 586,000 units. 

"Mortgage applications for new homes accelerated in March, with the Builder Application Survey Index reaching its highest point since the series began in August 2012," said Lynn Fisher, MBA's Vice President of Research and Economics.

 "The pick up from a fairly modest February showing suggests that developers are finding ways to bring new product on line to help supplement otherwise low inventories of existing homes for sale in the US. In contrast to the increasing trend in average loan size in our Weekly Application Survey which reports on applications for both new and existing homes, the average loan size for new homes in March from the Builder survey was unchanged from a year ago. Looking at the full distribution of applications, nearly two-thirds of applications for new homes in our survey have loan sizes between $200,000 and $400,000."

The BAS is conducted among mortgage subsidiaries of home builders nationwide.  MBA combines this information with assumptions regarding market coverage and other factors.  The official report on new home sales is provided by the U.S. Census Bureau and the Department of Housing and Urban Development.  In that data, new home sales are recorded at contract signing, which is typically coincident with the mortgage application. The March report will be published on April 25.

By product type, conventional loans composed 67.5 percent of loan applications, FHA loans had an 18.6 percent share, VA 12.8 percent and RHS/USDA loans 1.0 percent.  The average loan size of new homes decreased from $330,208 in February to $328,192 in March.
Today's Mortgage Rates

                                                                                                                                 52 Week.
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.04%4.05%-0.013.34%4.39%
15 Yr FRM3.27%3.28%-0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.31%4.33%-0.023.42%4.60%
5/1 Yr ARM3.07%3.09%-0.022.80%3.25%
Updated: 4/13/17 12:04 PM
Rates Push 2017 Lows For 3rd Straight Day
Apr 13 2017, 12:07PM


Mortgage rates set new 2017 lows for the third straight day today, although only in terms of "effective rates" (which take upfront costs into account).  "Note rates" (which simply refer to the rate applied to one's loan balance) are unchanged from yesterday, with most lenders continuing to quote 4.0% for top tier conventional 30yr fixed scenarios.  There are still quite a few lenders quoting 4.125% and a very small minority already down to 3.875%. 

There were no new motivations for bond market movement (which dictates rates) today, but in general, rates have benefited this week from geopolitical risks and Trump's comments on the strength of the US dollar yesterday.  Markets will close early today in observance of the Good Friday holiday and will be closed tomorrow.  Banks will also be closed, which means no potential mortgage rate movement until next Monday.

Loan Originator Perspective


Bonds have had a great rally over the last couple days, so you should be seeing nicely improved rate sheets.  Typically, not a fan at locking with a holiday weekend ahead, but I think it would be wise to lock in these gains today. -Victor Burek, Churchill Mortgage

Bond markets closed early today, and will be closed Good Friday as well.  We've had quite a ride this week, gaining about 50 bps on pricing, and rates are at their 2017 lows.  A lot can change in this world over a 3.5 day weekend, I wouldn't blame anyone for locking here.  By the same logic, hard to fault floaters, given current geo-political drama and legislative stalemate.  Can't go wrong either way, I guess. -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 4.0%
  • FHA/VA - 3.75%
  • 15 YEAR FIXED - 3.375%
  • 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
  • Rates are currently attempting to break below the post-election range.  This is the most promising position they've been in during 2017.
     
  • We're shifting into a trend where the burden of proof will be on fiscal reforms and other policy developments to push rates higher.  Until and unless the 2017 ceiling breaks, we can at least say that the trend is now sideways.
     
  • 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