Friday, May 19, 2017


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

#1     3682 Princeton Place, Boca Raton, Florida 33406 with 9 bedrooms, 15 baths,
and 27,266 sq.ft. is listed for sale at $29,950,000.
This transitional Mediterranean Estate, on over 1.6 acres and over 27,000 total square footage, is one of the most exceptional offerings of its kind in Florida. Located within the private security gated enclave of Princeton Estates, within Woodfield CC, it offers maximum security, privacy, and all the home features and amenities that are consistent with the finest estates throughout the World, within a World Class country club community.Property Details and Amenities: 3 electronic gates, circular driveway w/ interlocking pavers. S-tile roof, w/ copper gutters and leaders Security system of 80 cameras Security system has motion sensors, window sensors, & door sensors Natural wood eaves underneath the roof system and natural wood outriggers In front, gas lanterns are on posts approximately every 15 feet Natural gas is provided to the entire home 2 generators are both propane or natural gas The main entrance to the home, all marble entry foyer, with double 12 foot mahogany doors, features a Crestron system to the house which cover security, climate, lighting, audio, cameras and pool. 


Today's Top Real Estate News

It's going to be a tough house hunting season for buyers, but it's particularly brutal for those in Seattle.  Good luck buying a home in this hot housing market



4823 40th Ave SW, Seattle, WA with 3 bedrooms, 2 baths, and 1,860 sq.ft. just listed for $650,000.  The median home value in Seattle is $638,100. 

While competition and prices have been rapidly rising in real estate markets across the country, Seattle buyers are facing major obstacles to landing their dream home.  Open houses are jammed packed, bidding wars are the new normal and homes are selling for well above asking prices.  Home prices in the city have seen double-digit growth for more than a year, according to the S&P CoreLogic Case-Shiller Home Price Index.

"This is the craziest market I've seen," said Kyle Moss, a real estate agent with Redfin who was born and raised in Washington. "We have a sea of very, very well qualified buyers coupled with the lowest amount of homes for sale. It's a serious problem."

One reason is that the city has been flooded with new residents, thanks to its strong economyThe Seattle area is home to tech giants like Amazon and Microsoft, as well as other big employers like Starbucks  that tend to pay well.

"If someone is making enough to qualify for a $700,000, $800,000 or million dollar mortgage, that is always going to drive housing prices up," said Moss.

Many of the buyers in the market are first-timers, according to local agents, but there's also been an increase in foreign buyers paying all cash.

The city has had an inventory problem for about four years, according to Sam DeBord, managing broker for Seattle Homes Group. Regulations and geographical barriers make it hard for builders to put up new homes.

"We are falling behind tens of thousands of units a year and have been for several years," he said. "The basic law of supply and demand can't be ignored. That is what is at the heart of this housing crisis."

seattle homebuyers harris 






















It's certainly not impossible to become a homeowner in Seattle. It just takes a lot of time, a thick skin to deal with rejected offers, and a little creativity.  Brian Harris and his partner recently became the winning bidders on a three-bedroom home in Seattle.  But it wasn't easy reaching that point.

Harris said they were originally searching for a home within 10 miles of the downtown area, but competition was so intense they pushed it even farther to 20 miles out.Open houses took over their weekends and eventually spilled into their weeknights as well.

"It is all encompassing," Harris said. "We found we couldn't wait for the weekend. If a house came on the market on Monday or Tuesday, it was pending by Thursday or Friday."

Homes are selling fast in Seattle, spending about 25 days on the market, down from 65 in March 2012. It can be hard to find parking at open houses and some are so crowded that it's hard to move around to see the home. Sellers are seeing some of the biggest price gains in almost a decade, and they know they're in the driver's seat.

"You put a house on the market you will have 100 people through the open house on the weekend and maybe 15-20 offers," said Patti Hill, a real estate agent who has worked in the Seattle market for more than 17 years.

And despite the high demand, the housing stock isn't always impressive.
Harris said that while some owners still take the time to clean and present their homes in the best way, others aren't even bothering"It was surprising how little effort some sellers are making."

To win a home, buyers are putting in aggressive offers.

"Some of them are kind of scary because they're waiving contingencies that puts earnest money in jeopardy if something happens," said Hill. It's common for Seattle buyers to waive inspections and appraisals and go above list price.

When Harris and his partner found their soon-to-be new home, they did everything they could to come up with the winning bid. They waived all contingencies, went above the asking price and had an escalation clause.

"Buyers are totally at the mercy of whatever the sellers wants," he said. "If you want the house, you do whatever it takes."

The pair also talked to the listing agent to find out about any special circumstances about the owner and incorporated that into a personalized letter and also offered a 30-day rent-back-to-owner for free.

Their winning bid was $425,000 -- $60,000 over the asking price and above their original budget.

They are set to close this month, with a move in date in June. 






Today's Mortgage Rates                                                                             52 Week 


ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.99%3.99%--3.34%4.39%
15 Yr FRM3.25%3.24%+0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.28%4.28%--3.42%4.60%
5/1 Yr ARM3.07%3.05%+0.022.80%3.25%


T
he 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    23438 Malibu Colony Road, Malibu, CA 90265 with 5 bedrooms, 6 baths, and 6,343 sq.ft. is listed for sale at $18,500,000. 
Wonderful home in the ultra-exclusive gated beach-side enclave of Malibu Colony. This charming, impeccably furnished English compound sits on 48-feet of beach frontage on an extraordinarily sandy section of the Colony beach. The main house has an impressive great room and, just in time for the summer blockbusters, a Bel Air Circuit screening room. There is also formal dining room, gourmet kitchen, wine cellar, and four very generously sized bedrooms. A separate guest house is accessible off the front courtyard. The large outdoor deck has a hot tub and is the perfect spot for beachside entertaining. This is the first time this very special compound is available for sale in many years. Rare opportunity to buy in one of the most desirable communities in Los Angeles. 


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 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     27971 N 91st Street, Scottsdale, AZ 85262 with 6 bedrooms, 7 baths, and 10,571 sq.ft. is listed for sale at $4,000,000.
Live like royalty in this wonderful estate. The warmth and quality of the home will envelope you from the moment you open the 9' wrought irons doors. The wide open spaces and great flow from room to room make this home ideal for entertaining family and friends. The cooks in the family can indulge in this chefs kitchen with dual sub zero refrigerators, dual dishwashers, huge wolf gas cook top and multiple ovens. There is no need to go on vacation when you have a resort in your backyard. This incredibly landscaped PRIVATE oasis has everything you will ever want in an outdoor space. Linger for hours and take in the gorgeous mountain, desert and city light views. Retire in 4 first floor gorgeous en-suite bedrooms and one private suite on the 2nd floor. Truly a one of a kind retreat. 

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     3940 El Acebo, Rancho Santa Fe, CA 92091 with 5 bedrooms, 7 baths,             and 7,000 sq.ft. is listed for sale at $6,995,000.
Quality of life has never been better than in this stunning, New custom construction just completed Summer 2016. Blending modern elements with classic sensibilities, this newly built one-level, 5 bedroom suite estate captures the essence of S Calif Living! The great room floor plan features seamless indoor/outdoor living spaces; formal dining room, gourmet chef's kitchen, welcoming breakfast nook, library, wet bar & adjoining wine cellar; master suite with dual walk-in designer closets, workout room
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     310 Duncan Street, San Francisco, CA 94131 with 4 bedrooms, 6 baths and  3,400 sq.ft. is listed for sale at $4,998,000.
 

It's bold, intuitive, inviting and exciting. This captivating beauty is being called THE STRUCTURED WATER HOUSE to honor one of its six futuristic technologies. Designed by Architect Luis Robles in collaboration with Silvia Vojtkova-Zilli, to make a quantum leap into a future filled with earth friendly non-polluting OFF GRID energy creating products leaving visitors spellbound. Sure to delight fans of the current Industrial Elegance movement, the house takes on a personality all its own. Main level is reclaimed teak. Kitchen is Krion (island and countertops), Gaggenau and Subzero appliances. Three bedrooms are on level three, each with en suite baths, one more tantalizing than the next. Media room showcases a Braziliano Fireplace / bar.
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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     425 86th Avenue NE, Medina, WA 98039 with 6 bedrooms, 7 baths, and        
6,852 sq.ft. is listed for sale at $5,898,000
Pearl on coveted Medina Heights! This gated Nantucket style home designed by Karen Crenshaw Designs, built by Overbrook Construction inc with superior construction quality, top luxury customized feature throughout provides comfort and functionality. Impeccable master plan and practical interior & exterior space cooperates with countless details. View of city, lake and mountains,inviting back yard patio ,year-round color garden,separate guest quarter ..creates a home destination

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