Tuesday, May 9, 2017


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

#1        11 Needle Grass, Irvine, CA 92603 with 5 bedrooms, 8 baths, and 12,500 sq.ft.
is listed for sale at $22,288,000



Perched on just over an acre in the private community of Shady Canyon with panoramic views of rolling hillsides, Catalina Island, Newport Beach , and all the way to downtown Los Angeles on a clear day. It features five bedroom suites, wine room, indoor game room with bar, large outdoor terrace, grand office, amazing master wing, spectacular great room, Euro-style kitchen, sunlit morning room, beautifully designed butler's pantry, family room with adjacent sun room, cozy library, amazing powder room, and an automotive buff's four car dream garage with workshop plus a separate two car garage. The subterranean level has solid insulation sprayed into the walls, keeping the space cooler in the summer and warmer during winter months. The interior and exterior design capture the authentic captivating European lifestyle of the home. The vast property provides a size and depth that allowed the architecture and design teams to apply a layered feel, creating multiple entrances and courtyards. The exterior is filled with Euro-inspired foliage consisting of French lavender, olive trees, boxwood hedges, and lemon trees. Words cannot describe the magnificent beauty of this French inspired estate. It is truly a property that expresses charm and relaxation. 


















Today's Top Real Estate News

Despite Higher Home Prices, More Americans Say It's a Good Time to Buy.

Realtor.com
By Clare Trapasso

Image result for sold sign


Home prices are steadily rising and mortgage interest rates are beginning to inch up again, but that doesn't seem to be discouraging many potential buyers. Nearly two-thirds of Americans, 62%, said April was a good time to buy a home, according to Fannie Mae's monthly National Housing Survey. That's just a tad more than the 60% who felt that way in March, and 61% in April 2016.  

The survey polls 1,000 Americans with more than 100 questions on their attitudes toward owning and renting a home, price changes in the housing market, and the health of the economy.
"Historically low mortgage rates are a top reason Americans think it's a good time to buy," says Sarah Shahdad, a market insights researcher at Fannie Mae. Plus, spring and summer are typically when home buying kicks into high gear. "A lot of people are thinking about getting settled before their kids start school."

The 27% of folks in April who said now is a bad time to buy cited high home prices, she says. However, the ranks of doubters were a bit thinner than March's 30%, and 31% in April 2016.
"Housing affordability is still a challenge for people," Shahdad says. "Incomes have not been rising as rapidly as home prices."

About 53% of those polled said they believe housing prices will go up in the next 12 months, and 62% said mortgage rates are likely to rise over the same time period as well. More than half, 52%, expect rental prices will also go up.

Despite those higher price tags, fewer Americans in April (57%) said it was a good time to sell a home, according to Fannie Mae. Those bullish on selling made up 60% of respondents in March. However, April's responses showed an upward trend year over year, with 52% in April 2016 and 46% in April 2015.

Those who think it's prime selling time cited low mortgage rates, says Shahdad. This makes it easier on the budgets of existing homeowners who don't have to pay quite so much when they purchase their trade-up residences or downsize into smaller abodes.

Overall, Americans are feeling more optimistic because the economy is doing better, says realtor.com®'s senior economist, Joseph Kirchner.

About 88% of those surveyed by Fannie Mae said they weren't worried about losing their jobs over the next year, while 25% said they're making more money than they did last year.
"People are going to make a long-term financial commitment to purchasing a home because they have the income, they have the job, and they are more confident they are going to be able to keep that job," he says. "People's fears and insecurities [that] they got during the recession are waning."

Today's Mortgage Rates                                                                                   52 Week


ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.09%4.09%--3.34%4.39%
15 Yr FRM3.34%3.34%--2.69%3.61%
FHA 30 Year Fixed3.85%3.85%--3.15%4.10%
Jumbo 30 Year Fixed4.36%4.36%--3.42%4.60%
5/1 Yr ARM3.09%3.08%+0.012.80%3.25%
Updated: 5/8/17 4:40 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     801 N. Sierra Drive, Beverly Hills, CA 90210 with 8 bedrooms, 10 baths, 
and 8,461 sq.ft  is listed for sale at $12,995,000.



Poised on over a half acre corner lot North of Sunset sits this stunning Beverly Hills traditional home. The perfectly manicured grounds come complete with a large pool and spa, oversized patio area for dining and generous yard space. A gourmet chefs kitchen with granite island counter, top of the line stainless appliances & separate breakfast area. The formal living room features french doors that open to the pool & garden area. A family/media room with wet bar & eating area perfect for casual get togethers. Over-sized master suite features a fireplace, sitting area, generous walk-in closet & bath. Four generous sized bedrooms, large kids den/media room and spectacular wood paneled library round out the second story. Separate maids quarters, detached artist studio and spectacular eat-in refrigerated wine room complete this entertainers dream home. Gated for utmost privacy 

   







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        401 N Sky View Street, Flagstaff, AZ 86004 with 5 bedrooms, 6 baths, 
and 10,682 sq.ft. is listed for sale at $4,700,000.



Inspired by early Tudor and Saxon architecture this Flagstaff masterpiece combines English opulence with mountain luxury. Tucked into the pines of one of the most desired neighborhoods and largest lots lies your lakeside private estate. Enjoy the 3 1/2 acres of amazing outdoor space with family and friends. The first two floors at 6075 SF is meticulously put together with details and craftsmanship not seen anywhere else in Arizona. Relax with plenty of space to include game room, wine bar, crafts room and more. The full top floor of approximately 2000 SF is yours for design with completion included in the list 















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      423 N Acacia Avenue, Solana Beach, CA 92075 with 4 bedrooms, 3 baths, 
and 3,238 sq.ft. is listed for sale at $3,749,000


Feel the ocean breeze and hear the waves from this coastal classic beach home on an expansive corner lot! Only steps to Tide Park/Beach, Restaurants & Cedros Design District this one of a kind charming home begins w/white picket fence, wrap around porch, gorgeous palm trees, Dutch door, French oak floors, 2 private courtyards ideal for indoor/outdoor living & entertaining. 4 Bedrms up, fabulous kitchen & formal living/dining-3 fireplaces & an outdoor surf shower too! Your perfect family beach home awaits! 


















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         2006 Washington Street #8, San Francisco, CA 94109 with 4 bedrooms,
4 baths, and 5,700 sq.ft. is listed for sale at $24,500,000



Elegant Full Floor View Apartment in Iconic Co-Operative Apartment Building with a 24 hour doorman and beautiful garden. The Crown Jewel of San Francisco! Grand Scale Living Room and Formal Dining Room open to a Solarium with Balconies to the east and west. Four family bedrooms are en-suite. Two staff bedrooms share a bathroom. Two car garage parking. Guest parking. Three storage rooms.















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       10901 Algonquin Road, Woodway, WA 98020 with 6 bedrooms, 11 baths, 
and 6,600 sq.ft. is listed for sale at $4,200,000.


Built to last generations, this New England shingle-style home gracefully bridges traditional style and craftsmanship with modern amenities and meticulous construction. Architect Stuart Silk and award-winning designer Gretchen Evans collaborated to make this nationally published home an entertainers dream. Enjoy grand open interior spaces. Gracious outdoor living. Nine foot ceilings in basement with music and craft room. And an Adirondack-style guest quarters above detached three-car garage.


















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