Saturday, May 13, 2017


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

#1     511  South Beach Road, Hobe Sound, Florida 33455 with 14 bedrooms, 15 baths, and 18,944 sq.ft. is listed for sale at $32,000,000.



A stroll around Villa La Renaissance on Jupiter Island is like a walk around a Renaissance-era museum and garden. Centrally planned on 5.34 acres of prime oceanfront land, it is a marriage of five meticulously crafted buildings, set around a Mediterranean-inspired courtyard, each capturing authentic Italian artistry and craftsmanship. Some of Europe's most renowned architects and artists dedicated years of their lives to recreate the glory of ancient times using vast amounts of imported Italian marble and creating one-of-a-kind works of art.







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Today's Top Real Estate News

Hong Kong Ranked World’s Top Luxury Market in 2016


Mansion Gkobal
By Fang Block


The World’s Top Ranking Luxury Property Markets
RankLuxury Index   Luxury Thermometer   Most Expensive (per sq ft)

1
Hong Kong   Toronto   Monaco ($5,420)
2London   Victoria, BC   Hong Kong ($4,895)

3

New York       
 
San Francisco    
 
   London ($2,710)

4

Los Angeles

   Austin, TX
 
   Côte d’Azur ($2,500)
5Singapore   Charleston, SC
   New York ($2,000)
Source: Christie’s International Real Estate



Hong Kong overtook London as the world’s top luxury real estate market in 2016, as the city-state saw continued demand from wealthy Chinese buyers despite hefty stamp duties, according to a report released Wednesday by Christie’s International Real Estate.

London, which topped the “Luxury Index” for the previous four years, dropped to second place partly due to tax hikes and Brexit-related uncertainty, according to Christie’s annual report on 100 prime property markets worldwide.

Meanwhile, Toronto replaced Auckland, New Zealand, as the hottest performing prime property market in the brokerage’s “Luxury Thermometer” rankings, which measures the pace of growth. Toronto showed sales of million-dollar-plus homes almost doubling over a year period.

“Overall, the global luxury markets remained healthy with moderated sales growth,” said Dan Conn, chief executive of Christie’s International Real Estate, noting that market shifts mainly reflect the concentration of global wealth, stability and historic performance.

 Other major findings in the report include:
  • Overall, the global luxury real estate market trended slightly upward last year, with sales increasing 1% and prices growing 2%.
  • For the first time ever, the world’s top-10 reported residential property sales were all priced above $100 million, and sold for more than $1.3 billion in aggregate, with an average sales price of $131 million.
  • Hong Kong registered four residential sales above $100 million in 2016 and set a world record with a $270-million home sale.
  • Miami dropped to 10th place from seventh in 2015 in the Luxury Index, which measures the actual state of the market. The city’s luxury market was hit by a decline in sales, an influx of new development condos and a steep increase in inventory.
  • Canada’s Toronto and Victoria, British Columbia, claimed the top two spots in the Luxury Thermometer rankings. New additions to this year’s top 10 Luxury Thermometer list include Charleston, South Carolina; Paris, France; Austin, Texas; and San Diego, California.
Luxury sales slowed while prices edged higher:

After several years of dramatic growth, the global luxury real estate market saw a subdued 2016, with sales increasing 1% year-over-year, the Christie’s report found. By comparison, sales rose 8% in 2015 and 16% in 2014 during a post-recession boom.
Although the overall luxury sales flattened out, prime markets showed sharp bifurcation in 2016. For example, Toronto saw a 90% increase in million-dollar-plus sales, while sales in London slumped 35%. Among the 100 markets surveyed, 24 markets saw a slowdown in sales, 19 reported significant increases and the majority remained stagnant.

Across the globe, luxury properties took longer to sell, indicating increased inventories, pricing challenges and the specter of uncertainty in luxury markets. In 2016, million-dollar-plus homes took an average of 220 days to sell versus 195 days in 2015, representing a 13% increase. Properties in second-home resort markets took longer to sell than those in cities.

Prices of million-dollar-plus homes increased about 2% in 2016 from a year ago. Over half of the 100 luxury markets saw a price increase,  with Toronto reporting the largest increase, at 20%.

Hong Kong had an outstanding year:

Hong Kong scored highest in almost all six luxury residential metrics adopted by Christie’s, namely, record sales price, average price per square foot, the numbers of sales and listings, absorption rate, the percentage of non-local buyers and second-home owners.
Hong Kong had four residential sales above $100 million and claimed the majority of 1,500 residences publicly available for sale at $20 million and above.

Although the Hong Kong government implemented cooling measures in the end of 2016, the demand continued to strengthen as affluent Chinese buyers sought to hedge against a weakening yuan.


“It boiled down to the concentration of world wealth, and there is a significant concentration of billionaires in China,” Mr. Conn said.

In addition, Hong Kong’s real estate has a long history of healthy financial performance and market stability, he said.

“On the risk side of the equation, Hong Kong is more stable than other prime markets,” Mr. Conn pointed out. The U.S. presidential election and the U.K.’s Brexit referendum, in particular, have created a lot of uncertainty for property buyers.

Today's Mortgage Rates                                                                                   52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.09%4.17%-0.083.34%4.39%
15 Yr FRM3.34%3.41%-0.072.69%3.61%
FHA 30 Year Fixed3.85%3.90%-0.053.15%4.10%
Jumbo 30 Year Fixed4.36%4.41%-0.053.42%4.60%
5/1 Yr ARM3.07%3.09%-0.022.80%3.25%


The Top Luxury Estates in Los Angeles, Phoenix, San Diego, San Francisco 
and Seattle Listed For Sale.

Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $560,500. Los Angeles County home values have gone up 1.6% over the past year, Zillow predicts they will rise 0.5% within the next year.

The median home value in Brentwood, 90049 is $2,471,800. Brentwood home values have gone up 5.1% over the past year.  Zillow predicts they will rise 1.3% within the next year

The median home value in Malibu is $2,866,500.  Malibu home values have gone up 4.8% over the past year.  Zillow predicts they will rise 0.7 % within the year.

The median home value in Bel Air, 90077 is $3,243,500. Bel  Air home values have gone up 0.2% over the past year.  Zillow predicts they will remain even -(0.5)% within the next year.

The median home value in Beverly Hills 90210 is $4,834,000.  Beverly Hills home values have gone up 3.5% over the past year.  Zillow predicts they will rise 0.6% with the next year.


#1     444 21st Street, Santa Monica, CA 90402 with 6 bedrooms, 8 baths, 
and 7,311 sq.ft. is listed for sale at $7,895,000


This stunning Cape Cod Traditional boasts seclusion amid the coveted North of Montana locale. Designed by architect Ken Ungar, this 3-story home is replete with contemporary finishes and vast interconnected living spaces that satiate an effortless California lifestyle. Upon entering, the living room flows into the formal dining area and onward into the impressive family room and state-of-the-art kitchen with Butler's Pantry, cloaked in neutral tones to complement the in pour of light through a wall of foldable doors. Just beyond, the impressive patio flaunts an outdoor fireplace, barbecue and expansive lawn for peerless entertaining. The second story is comprised of four en-suite bedrooms, including the sumptuous master with an expansive closet and spa-like bath, while the basement offers countless amenities, such as a gym, media room, wine cellar and an additional bedroom. Westside living at its best! 










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 2.5% over the past year. Zillow predicts they will rise 0.2% withiin the next year. 

The median home value in Carefree is $746,800. Carfree home values have gone up 
4.2% over the past year.  Zillow predicts they will rise 1.4% within the next year.  

The median home value in Paradise Valley is $1,594,100.  Paradise home values have gone up 1.6% over the past year. Zillow predicts they will rise 0.5% within the next year.


#1      19494 North 98th Place, Scottsdale, AZ 85255 with 5 bedrooms, 6 baths, 
and 6,291 sq.ft. is listed for sale at $2,995,000.


 
Exceptional luxury awaits in Arcadia at Silverleaf. This tastefully elegant custom home sits on a very private cul-de-sac lot which backs to an open desert landscape, ensuring privacy and unobstructed views. The gourmet chef's kitchen includes a large island, raised breakfast bar island, high end stainless steel appliances including double Wolf wall ovens, and a built-in espresso machine. Adjacent to the kitchen in the great room you'll find soaring wood beam ceilings, a gorgeous floor to ceiling stone fireplace, and a separate bar area with seating. The master suite offers a cozy fireplace and private patio access, and an enormous master bathroom with spacious his and her vanities, a large jetted tub, walk-in shower, and a massive walk-in closet. Directly adjacent to the master suite is a workout room.. Unique outdoor features include several courtyards and patios, a large custom tiled outdoor fountain, outdoor fireplace, and a large grassy area adjacent to the heated pool and spa, all surrounded by beautiful desert landscape. Bring the outside in any time you desire with full length automatic pocket doors in the great room that open up to create a huge living and entertaining space. 








Top San Diego Luxury Estate 


The median home value in San Diego County is $532,000. San Diego County home values have gone up 5.2% over the past year. Zillow predicts they will remain even 0.9% within the next year.

The median home value in La Jolla, 92037 is $1,473,100. La Jolla, 92037 home values have gone up 4.4% over the past year.  Zillow predicts they will rise 0.5% within the next year.

The median home value in Solana Beach 92075 is $1,265,700. Solana Beach 92075 home values have gone up 5.1% over the past year.  Zillow predicts they will rise 0.3%% within the next year.

The median home value in Del Mar 92014 is $1,649,900 Del Mar home values have gone up 8.1% over the past year.  Zillow predicts they will rise 1.9% within the next year.

The median home value in Rancho Santa Fe is $2,542,200. Rancho Santa Fe home values have declined -(5.2)% over the past year and Zillow predicts they will decline -(2.4)% within the next year.

#1     121 Via De La Valle, Del Mar, CA 92014 with 4 bedrooms, 5 baths, 
and 4,000 sq.ft. is listed for sale at $5,595,000.


Commanding ocean views and front row seats to the hottest ticket in town- the world famous Del Mar Racetrack. Whether year-round or vacation home, find comfort in this meticulous, turn-key, low maintenance, private, gated enclave of Boca Del Mar. Architectural sophistication at its finest! This custom Alan Caro contemporary design boasts a gourmet kitchen, soaring ceilings and a stunning master suite with private deck. An entertainer's delight flooded with light from walls of windows and white water views!Luxury, Style, Sophistication and sensational unobstructed views! What more could you possibly ask for? White water ocean views and your own live surf report. Place your bets and watch the horses round the track from the over-sized spa. Entertainer's delight, flooded with light and rich in architecture. This home is a piece of art, a rare find. Both functional and flavorful! 











Top San Francisco Luxury Estate 

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,167,700. San Francisco home values have gone up 1.5% over the past year.  Zillow predicts they will decrease by 0.1% within the next year.


The median home value in Sausalito is $1,272,400. Sausalito home values have gone up 3.6% over the past year. Zillow predicts they will rise 0.7% within the next year. 

The median home value in Tiburon is $2,497,100. Tiburon home values have gone up 1.9% over the past year.   Zillow predicts they will rise 0.2% within the next year. 

The median home value in Saratoga is $2,406,500. Saratoga home values have gone up 0.4% over the past year.  Zillow predicts they will rise 0.2% within the next year. 

The median home value in Atherton is $6,147,100. Atherton home values have gone up 3.0% over the past year and Zillow predicts they will rise 0.7% within the next year.

#1     19770 Glen Una Drive, Saratoga, CA 95070 with 6 bedrooms, 6 baths, 
and 8,800 sq.ft. is listed for sale at $8,828,000.


This luxurious Tuscan family estate is located in one of the most prestigious estate neighborhoods in Silicon Valley on 1.41 flat and pristine park-like acres*This 8,600 SQFT masterpiece built in 2003 by Flick Custom Homes*Excellent floor plan w/ phenomenal architectural design features: 6 bedrooms, 5- designer bathrooms, immense great room, fantastic bonus room/billiards room/in-law quarters, amazing office/library *Enormous epicurean and open kitchen w/ top-end appliances, granite counters, and family dining*1,200-bottle wine cellar*Creston home automation, solar panels, radiant heating, surround sound, privacy gates, and extensive outdoor lighting*Custom windows and doors, hardwood floors, and slate roof*Large 3-car garage *Meticulous and manicured garden*Detached guest house w/ outdoor kitchen/BBQ w/ fireplace*Fire pit*Stunning resort-like pool and spa w/ Venetian glass tiles and fountains*Handicap accessible*Distinguished Saratoga Schools*Minutes to downtown Saratoga and Los Gatos,









Top Seattle Luxury Estate 

Image result for Seattle 
The median home value in King County is $540,400. King County home values have gone up 13.1% over the past year.  Zillow predicts they will rise 5.3% within the next year.

The median home value in Kirkland is $626,600.  Kirkland home values have gone up 14.7% over the past year.  Zillow predicts they will rise 3.8% within the next year.

The median home value in Seattle is $638,100. Seattle home values have gone up 12.2% over the past year. Zillow predicts they will rise 5.1% within the next year.

The median home value in Bellevue is $783,000. Bellevue home values have gone up 13.9% over the past year. Zillow predicts they will rise 5.2% within the next year. 

The median home value in Mercer Island, WA is $1,363,600, Mercer island home values have gone up 10.3% over the past year.  Zillow predicts they will rise 5.1% with the next year.

The median home value in Clyde Hill is $2,298,400. Clyde Hill home values have gone up 10.8% over the past year. Zillow predicts they will rise 4.5% within the next year.

The median home value in Medina is $2,403,000. Medina home values have gone up 10.2% over the past year and Zillow predicts they will rise 4.8% within the next year.


#1     1609 85th Avenue NE, Clyde Hill, WA 98004 with 5 bedrooms, 5 baths, 
and 6,004 sq.ft. is listed for sale at $4,598,500.


Representing almost 2 years of design, inspiration and custom craftsmanship. Inspired by a trip through Italy, visiting the beautiful and timeless villas of Tuscany. The wide plank floors in a dark finish, mosaic tile bath floors and accents, designed archways and curvature, custom iron work, authentic tile roof, dark exterior corbels, intertwined trellises, fountains, pool and inset exterior windows are just some of the many features that give this distinctive home a warm feeling of relaxed glamour.









Thanks for reading "Today's Best Mansions"

Looking for more information?  Have a comment?  Need a Realtor referral?  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 "Today's 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