Tuesday, May 16, 2017


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

#1     21 Montage Way, Laguna Beach, CA  92651 with 4 bedrooms, 6 baths
and 7,525 sq.ft is listed for sale at $21,995,000.


A once in a lifetime opportunity to enjoy 5-star resort amenities in the privacy of your own custom estate. This unparalleled property is situated in the exclusive enclave of the Montage Resort. Steps away from the beach, architecturally stunning expert craftsmanship put into every aspect of the design, construction and landscaping. Contemporary concrete gives the home a modern feel, warmed with rich mahogany and stone flooring, custom walls of polished wood, artisan finishes, and bronze-encased floor-to-ceiling windows and doors. The 7,500 sq.ft residence has soaring 14 ft ceilings and an abundance of natural light, offering expansive ocean, sunset and Catalina views. Four master suites featuring walk-in closets with custom cabinetry and spa-like bathrooms, a professional grade kitchen, a butlers pantry, a gym, and an additional 3,000 sq.ft basement provides endless opportunities. Designed to provide the utmost privacy and best of Southern California's indoor-outdoor living enjoy infinity pool and spa, outdoor kitchen, and lounge seating. Or relax in the lower courtyard with a teak deck, fire pit and two-story waterfall to a second private jacuzzi. Wired with the latest technology the estate also encompasses radiant heat flooring throughout and an elevator to all levels. Luxurious amenity options of the world-class Montage Resort include 24 hour security detail, fine dining, spa facilities, resort pool, personal concierge, housekeeping and room service at any time desired.

















Today's Top Real Estate News
1st Quarter Prices Up in 85 Percent of Metro Areas

MortgageNews Daily
By Jann Swanson

The first quarter of 2017 the year saw home prices in large metropolitan areas appreciate at the fastest rate in nearly two years.  The National Association of Realtors® (NAR) said on Monday that prices were up in 85 percent (152 of 178) of the metropolitan statistical areas (MSAs) it tracks, with the median price for an existing single family home gaining 6.9 percent.  Metro prices have now accelerated for three consecutive quarters.

The increase, from a median of $217,200 in the first quarter of 2016 to $232,100, was the most significant gain since the year-over-year growth of 8.2 percent registered in the second quarter of 2015.  The median condominium and cooperative price in the 61 MSAs tracked was $218,600, up 7.1 percent from the first quarter of 2016.  Eighty-five percent of metro areas showed gains in their median condo price from a year ago.

Lawrence Yun, NAR chief economist, says continual supply shortages ignited faster price appreciation across the country in the first quarter. "Prospective buyers poured into the market to start the year, and while their increased presence led to a boost in sales, new listings failed to keep up and hovered around record lows all quarter," he said. "Those able to successfully buy most likely had to outbid others - especially for those in the starter-home market - which in turn quickened price growth to the fastest quarterly pace in almost two years."

Yun noted that several metro areas that had experienced large job gains in recent years have not seen a ramp-up in new home construction to match the resulting demand for homes. "This is why many of these areas - in particular several parts of the South and West - are seeing unhealthy price appreciation that far exceeds incomes," he said.

Thirty metro areas in the first quarter (17 percent) experienced double-digit increases, the same number as in the fourth quarter.  Overall, there were slightly fewer rising markets in the first quarter compared to the fourth quarter of 2016, when price gains were recorded in 89 percent of metro areas.  Twenty-five areas (14 percent) recorded lower median prices from a year earlier.

Existing homes sales in the first quarter climbed 1.4 percent to a seasonally adjusted annual rate of 5.62 million from 5.55 million the prior quarter and were up 5.0 percent year-over-year.  Sales were the highest since a pace of 5.66 million was set in the first quarter of 2007. 

At the end of the first quarter, there were 1.83 million existing homes available for sale, down 6.6 percent from 1.96 million homes for sale at the end of the first quarter in 2016. The supply of homes across the first quarter averaged 3.7 months compared to 4.2 months a year earlier.

Even with a higher national median family income of $71,201, the combination of higher mortgage rates and home prices slightly weakened affordability compared to a year ago. To purchase a single-family home at the national median price, a buyer making a 5 percent down payment would need an income of $52,251 and income of $44,001 with 20 percent down.  

"Last quarter's robust pace of sales was especially impressive considering the affordability sting buyers experienced from higher prices and mortgage rates," said Yun. "High demand is poised to continue heading into the summer as long as job gains continue. However, many metro areas need to see a significant rise in new and existing inventory to meet this demand and cool down price growth."

First quarter existing home sales were down in the Northeast and the Midwest by 2.2 percent and 4.3 percent respectively but sales in both regions were higher year-over-year; the Northeast was up 4.2 percent and the Midwest rose 1.6 percent.  The median existing home price in the Northeast was $255,000, up 2.2 percent on an annual basis; the median in the Midwest was 176,600, a gain of 5.7 percent.

Sales in the South jumped by 5.8 percent from both the prior quarter and year-earlier numbers.  The median existing single-family home price was $209,000 in the first quarter, an annual increase of 8.8 percent.

Existing-home sales were up 1.6 percent in the West compared to the previous quarter and were 7.4 percent higher than in the first quarter of 2016. The median existing single-family home price in the West increased 8.4 percent to $342,500.
Today's Mortgage Rates                                                                                   52 Week


ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.10%4.09%+0.013.34%4.39%
15 Yr FRM3.35%3.34%+0.012.69%3.61%
FHA 30 Year Fixed3.85%3.85%--3.15%4.10%
Jumbo 30 Year Fixed4.37%4.36%+0.013.42%4.60%
5/1 Yr ARM3.08%3.07%+0.012.80%3.25%
Updated: 5/15/17 3:20 PM


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     1115 Wallace Ridge, Beverly Hills, CA 90210 with 4 bedrooms, 5 baths, 
and 5,500 sq.ft. is listed for sale at $17,995,000.


This newly constructed trophy property is a sensational offering of classic Modern architecture that makes an unparalleled statement of vision & design while showcasing stunning panoramic city to ocean views. Apx. 30,000 sq.ft. lot on a private cul-de-sac in prime Trousdale Estates, completely private, gated, & hedged. Flawlessly designed & crafted. Apx. 12'6" ceilings, Dornbracht hardware, slab marble bathrooms, Sonos music system, & Fleetwood doors & windows that seamlessly integrate interior & exterior spaces for the ultimate California lifestyle. Stunning paneled entrance gallery flanked by elegant courtyard fountain. Spacious living room w/fireplace & sunken "Rat-Pack" bar. Den, formal dining room, & family room w/fireplace & adjoining chef's kitchen w/island & Miele appliances. 3 guest bdrm suites & master suite w/custom walk-in closet & luxurious bath. The gorgeous outdoor space offers covered & open patios with saltwater pool & spa all overlooking the sparkling vistas beyond. 








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      28047 North 96th Place, Scottsdale, AZ 75262 with 3 bedrooms, 5 baths 
and 5,448 sq.ft. is listed for sale at $2,950,000.

28047 N 96th Pl, Scottsdale, AZ 85262

Artfully crafted and tastefully designed, this Old World European custom home in guard gated Estancia offers the spaciousness for entertaining paired with the right amount of intimacy creating an ideal home. The exquisite backyard is an entertainer's dream with a covered veranda, cozy fireplace, heated negative edge pool with water feature and spa, outdoor kitchen with BBQ, multiple lounge and dining areas, and roof top dining from the view deck featuring serene views and endless skies. Luxury and elegance abound in the interior of the home with features including polished slate stone and wood plank flooring, brick and beamed accents, grand 2 way stone fireplace with iron mantels, top of the line kitchen amenities, temperature controlled wine cellar, full wet bar, & custom light fixtures. Elevator access to the second floor master and exercise/art studio. With a true spa like feel, the luxurious master suite boasts his and her's vanities, soaking tub, fireplace, furniture quality cabinetry, and a romantic Juliet balcony with direct views of Pinnacle Peak. 

28047 N 96th Pl, Scottsdale, AZ 85262

28047 N 96th Pl, Scottsdale, AZ 85262

28047 N 96th Pl, Scottsdale, AZ 85262

28047 N 96th Pl, Scottsdale, AZ 85262

28047 N 96th Pl, Scottsdale, AZ 85262

28047 N 96th Pl, Scottsdale, AZ 85262

28047 N 96th Pl, Scottsdale, AZ 85262

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     7606 Road To Singapore, San Diego, CA 82127 with 4 bedrooms, 5 baths 
and 6,541 sq.ft. is listed for sale at $4,250,000.



Ideally situated on a highly desirable private end of the street location sits an extraordinary state of the art Crosby estate. Spectacular mountain and golf course views are appreciated upon opening the magnificent over sized front door. The remarkable design defines living the so-Cal dream as you enter into the grand great room with an automated vanishing pocket door system that beautifully integrates indoor and outdoor living.













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     1994 Jackson Street, San Francisco, CA 94109 with 5 bedrooms, 7 baths, 
and 5,490 sq.ft. is llsted for sale at $10,750,000.


This lovely estate offers the absolute finest in modern family living. Esteemed San Francisco interior designer Ken Fulk caters to the 21st-century family while incorporating the best finishes of yesterday and today. Expansive panoramic vistas that extend across the San Francisco Bay fill the main living areas with natural sunlight, accentuating the elegant hardwood floors and crown moldings. An elevator and two staircases access 4 levels with 5 bedrooms, 6 full bathrooms, 1 powder room, spacious formal rooms, a gourmet kitchen, recreation room, and entertainment venue with media center. Minutes from shopping, quaint cafes, and fine restaurants, this updated residence truly epitomizes a relaxed city lifestyle.




















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     31211 SE Redmond Fall City Road, Fall City, WA 98024 with 4 bedrooms, 
5 baths, and 5,130 sq.ft. is listed for sale at $3,200,000.


One of Fall City's most memorable Estates. This Landmark property is resort style equestrian living at its best. Dialed in and ready for your enjoyment. Guest house, 6 stall barn, covered round pen, lush pastures and a beautifully appointed custom home. Over 5000 SF of fantastic spaces, Nano doors open to luxury outdoor living loaded with extras, guest suite and detached office w/ breezeway. Spa Mstr suite, 2 laundry rms, bonus and exercise, terrific flow and design, rare offering and simply spectacular!
















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