Tuesday, June 27, 2017


Today's Best Mansion: It's lavish. It's huge. It's grand. It's expensive.

#1       120 Running Mare Road, Woody Creek, Colorado 81656 with 6 bedrooms,
8 baths, and 12,191 sq.ft. is listed for sale at $25,000,000,


Mountain Magic - This 17 acre estate has been created with attention to every detail. Privacy, land, 6 bedrooms and caretakers quarters, pond and waterfalls. Quality is evident. Views from Independence Pass to Mt. Sopris. This is a very special home.

















Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $566,400. Los Angeles County home values have gone up 6.7% over the past year, Zillow predicts hey will decrease (-2.2%) within the next year.

The median home value in Brentwood, 90049 is $2,425,700. Brentwood home values have gone up 3.0% over the past year.  Zillow predicts they will decrease (- 3.0%) within the next year

The median home value in Malibu is $2,885,000.  Malibu home values have gone up 4.6% over the past year.  Zillow predicts they will decrease (-2.7%) within the year.

The median home value in Bel Air, 90077 is $3,264,800  Bel  Air home values have gone up 0.5% over the past year.  Zillow predicts they will go down  (-3.8%) within the year.

The median home value in Beverly Hills 90210 is $4,893,900.  Beverly Hills home values have gone up 0.4% over the past year.  Zillow predicts they will decrease (-2.4%)  within the next year.

#1      720 North Elm Drive, Beverly Hills, CA 90210 with 7 bedrooms, 11 baths, 
and 11,202 sq.ft. is listed for sale at $16,500,000.



Nestled within the exclusive Beverly Hills flats, on more than ½ an acre, sits this gorgeous country English-style estate. Behind hedges and gates, a large semi-circular driveway is crowned by the home's stately, vine-covered facade punctuated by period leaded windows. Originally built in the 1920s, no detail has been spared in the restoration retaining the style and finishes of the period while completing extensive renovations to enhance with modern luxuries throughout. Traditional interiors include both formal and informal living and dining spaces, chef's kitchen with La Cornue range, 4 generous en-suite guest rooms upstairs, plus a staggering master suite. Outdoor areas welcome open-air entertainment and relaxation on a dining patio, manicured grounds and lawns and large pool terrace protected by walls of mature trees for ultimate privacy. Amenities such as a 2-story guesthouse, billiards room with wet bar, sport court, and wine cellar complete this magnificent Beverly Hills estate. 

















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

The median home value in Scottsdale is $421,200. Scottsdale home values have gone up 2.8% over the past year.  Zillow predicts they will decrease (-2.7%) within the next year. 

The median home value in Carefree is $751,100. Carefree home values have gone up 3.6% over the past year.  Zillow predicts they will decrease (-1.7%) within the next year.

The median home value in Paradise Valley is $1,611,700.  Paradise home values have gone up 1.0% over the past year. Zillow predicts they will decrease (-2.8%) within the next year.

#1      14705 East Red Bird Road, Scottsdale, Arizona 85262 with 3 bedrooms, 4 baths, and 5,453 sq.ft. is listed for sale at $2,398,000.




An absolute rare find, this incredible, meticulously maintained, luxury Equestrian Estate in N. Scottsdale includes a beautifully designed custom 5500 sq. ft., residence. Easy access to McDowell Mtn. park providing 22,000 acres of ultimate privacy, unlimited riding and incredible mountain views. Outdoor entertaining at it's best w/multi outdoor covered patios leading out to the fabulous equestrian facilities. Picturesque windows capture the lush grounds and amazing views for entertaining w/several outdoor seating areas. The efficient and charming equestrian amenities feature 24 stalls, a prominent presentation arena, 60' round pen, large turnouts and entertainment area. The barns are equipped with camera monitoring systems in the 5(12x16) foaling stalls, automatic water/fly misting system. Tack room comes complete with sink, feed room, separate covered hay storage and covered equipment storage. The landscaping is absolutely amazing and creates a true resort like feel for both horse and human alike! 

 














Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $543,400. San Diego County home values have gone up 5.7% over the past year. Zillow predicts they will remain even 2.4% within the next year.

The median home value in La Jolla, 92037 is $1,476,600. La Jolla, 92037 home values have gone up 1.1% this past year.  Zillow predicts they will decrease (1.2%) within the next year.

The median home value in Solana Beach 92075 is $1,284,100. 
Solana Beach 92075 home values have gone up 5.3% this past year. Zillow predicts they will rise 1.6%% within the next year.

The median home value in Del Mar 92014 is $1,615,300 Del Mar home values have gone up 3.2% over the past year.  Zillow predicts they will decrease (0.6%) within the next year.

The median home value in Rancho Santa Fe is $2,593,300. Rancho Santa Fe home values have declined -(2.9)% over the past year and Zillow predicts they will decline -(3.7)% within the next year.


#1      1257 Siverado Street, La Jolla, CA 92037 with 4 bedrooms, 6 baths, 
and 5,288 sq.ft. is listed for sale at $7,995,000  




Steps from all that La Jolla has to offer and ideally located on the quietest Village Street sits a modern marvel. Four years in the making in collaboration with renowned architectural leader Bill Hayer resulted in an incredible blend of sophisticated design, extraordinary construction and state of the art high tech conveniences. Senses are heightened as you are greeted by dramatic floating walkway directing visitors to a show stopping filled glass front entry ideal for showcasing art. See Supp... Inside it just gets better with extraordinary custom features in each room. All four bedrooms are equipped with en suite baths and a stellar master that boasts a spa like bath finished in limestone and fossil brown marble, his & hers walk-in closets, steam shower and towel warmer. Vanishing pocket doors open to multiple balconies adding approximately 1, 000 sqft and beautifully incorporate indoor and outdoor living including a rooftop perch offering panoramic views, ocean breezes, a day bed, fire bowl, and top of the line kitchen appliances making entertaining a must. Steps from the chef grade kitchen is an entertainment space offering an experience of many moods that can be lively with games, or relaxing with a built-in custom sectional, movie projector with 160” drop down screen, as well as an indoor hot tub with retractable roof. An executive office with a private entrance and attached bath offers a lovely combination of solitude and productivity. Ride a custom elevator to an expansive 3, 000 sqft garage with a 21 degree sloped driveway specifically designed to accommodate low profile vehicles and an impressive auto turntable catering to up to 8 vehicles. Generous storage lockers wrap the space as well as an oversized laundry and work station.











Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,194,500. San Francisco 
home values have gone up 4.0% over the past year.  Zillow predicts they will decrease by 1.0% within the year.

The median home value in Sausalito is $1,256,800. Sausalito home values have gone up 2.6% over the past year. Zillow predicts they will rise 1.5% within the next year. 

The median home value in Tiburon is $2,479,000. Tiburon home values 
have gone up 2.1% over the past year.   Zillow predicts they will rise decrease by (2.2%) within the next year. 


The medium home value in Saratoga is $2,453,600.  Saratoga home values have gone up 2.8% this past year.  Zillow predicts they will decrease (- 2.4%) within the next year. 

The median home value in Atherton is $6,343,800. Atherton home values have gone up 7.3% over the past year and Zillow predicts they will decrease ( -1.8%) within the next year.

#1     917 Durlston Road, Redwood City, CA 94062 with 4 bedrooms, 3 baths and 3,540 sq.ft. is listed for sale at $3,488,000.



Situated on a quiet street one block from the magnificent estate properties of Edgewood Road and surrounded by homes of equal significance, this classic Mediterranean masterpiece exemplifies architectural integrity & designer panache. Four bedrooms, three baths, formal dining and living rooms, chef's kitchen with granite, top appliances, & spacious dining area, & a private lower-level suite & family room with access to the rear yard with patios & large pool are enhanced by unique details in every room: coved ceilings, carved arches, solid oak doors, parquet floors, wrought iron, tiling, and a huge, original concrete fireplace. Three bedrooms & two baths are placed above the main level, and the oversized laundry with stainless-topped folding table, guest suite & full bathroom,. Perfectly chosen design elements, including unique light fixtures, textured walls, custom tile and paint captivate the discerning eye and perfectly compliment the style and grace of this one-of-a kind home.










Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in King County is $566,900. King County home values have gone up 15.7% over the past year.  Zillow predicts they will rise 3.2% within the next year.

The median home value in Kirkland is $645,900.  Kirkland home values have gone up 17.8% over the past year.  Zillow predicts they will rise 3.7% within the next year.

The median home value in Seattle is $670,300. Seattle home values have gone up 14.5% over the past year. Zillow predicts they will rise 3.1% within the next year.

The median home value in Bellevue is $819,700. Bellevue home values have gone up 15.6% over the past year. Zillow predicts they will rise 3.2% within the next year. 

The median home value in Mercer Island is $1,401,000, Mercer island home values have gone up 10.7% over the past year.  Zillow predicts they will rise 2.6% with the next year.

The median home value in Clyde Hill is $2,425,000. Clyde Hill home values have gone up 13.0% over the past year. Zillow predicts they will rise 2.6% within the next year.

The median home value in Medina is $2,545,200. Medina home values have gone up 13.5% over the past year and Zillow predicts they will rise 2.8% within the next year.

#1       1100 5th Avenue W, Seattle, WA 98119 with 4 bedrooms, 4 baths, 
and 5,677 sq.ft. is listed for sale at $7,500,000.

1100 5th Ave W, Seattle, WA

One of a kind sophistication in this private retreat with smashing views. Custom finishes with attention to every detail when the home was totally re imagined and remodeled in 2007. The stunning oversized 15000 sq ft lot, wide to the view, is sited for privacy on SW slope. A beautiful kitchen opens to the coveted casual seating and dining. Upstairs is a sumptuous master suite and large office. Outside the landscaped grounds with in ground pool and cabana will transport you to another place

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

1100 5th Ave W, Seattle, WA

Today's Top Real Estate News

Perceived Sellers' Market Could Lead to Inventory Gains

Mortgage News Daily
Jann Swanson

Is there relief in sight for those oft cited, much maligned tight housing inventories?  The National Association of Realtors® (NAR) sees a glimmer of hope in the responses it received to a recent survey.

The Housing Opportunities and Market Experience (HOME) survey for the second quarter found 71 percent of homeowners think now is a good time to sell, which is up from last quarter (69 percent) and considerably more than a year ago (61 percent). Respondents in the Midwest (76 percent) surpassed the West (72 percent) for the first time this quarter to be the most likely to think now is a good time to sell. NAR says if homeowners act on this sentiment, there might eventually be an increase in real estate listings which have declined year-over-year each month for two straight years.


However, Lawrence Yun, NAR chief economist, says it's apparent there's a mismatch between homeowners' confidence in selling and actually following through and listing their home for sale. "There are just not enough homeowners deciding to sell because they're either content where they are, holding off until they build more equity, or hesitant seeing as it will be difficult to find an affordable home to buy," he said. "As a result, inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far above income growth."

Added Yun, "Perhaps this notable uptick in seller confidence will translate to more added inventory later this year. Low housing turnover is one of the roots of the ongoing supply and affordability problems plaguing many markets."

On the other side of the equation, while most homeowners continue to believe it is a good time to buy a home, renters' attitudes in this regard continues to retreat. Fifty-two percent of renters think now is a good time to buy, which is down both from last quarter (56 percent) and a year ago (62 percent). Conversely, 80 percent of those who already own think it is a good time to buy, unchanged from both last quarter and a year ago.  Younger households, and those living in urban areas and in the costlier West region are the least optimistic.

The share of households that believed the economy is improving surged to 62 percent in the first quarter, a survey high.  That optimism was short lived however, falling to 54 percent in the second quarter. Homeowners, and those living in the Midwest and in rural and suburban areas are the most optimistic about the economy. Only 42 percent of urban respondents believe the economy is improving, which is a drastic decrease from the 58 percent a year ago.


This fading confidence is mirrored in consumer feelings about their household's financial situation.  The HOME survey's monthly Personal Financial Outlook Index showing respondents' confidence that their financial situation will be better in six months fell to 57.2 in June after jumping in March to its highest reading in the survey. A year ago, the index was 57.7.


"It should come as little surprise that the confidence reading among renters has fallen every month since January (64.8) and currently sits at its lowest level (53.8) since tracking began in March 2015 (65.7)," said Yun. "Paying more in rent each year and seeing home prices outpace their incomes is discouraging, and it's unfortunately pushing home ownership further away - especially for those living in expensive metro areas on the East and West Coast." 
Forty-two percent of survey respondents think homes in their communities are affordable for most buyers.  Those living in the Midwest are most likely (55 percent) to believe this, while only 29 percent of those in the West think homes are affordable.

Twenty percent of respondents said they would consider moving to another more affordable community. Those earning under $50,000 annually (27 percent) and those age 34 and under (29 percent) were the most likely to indicate they would consider moving.
"Areas with strong job markets but high home prices risk a migration of middle-class households to other parts of the country if rising housing costs in those areas are not contained through a significant ramp-up in new home construction," said Yun.

NAR's HOME survey was conducted by phone from April through early June.  A sample of 2,711 people responded to the survey, conducted by TechnoMetrica Market Intelligence. 


Today's Mortgage Rates
Rates Still Flat at 8-Month Lows
Jun 26 2017, 4:21PM

Mortgage rates were steady to slightly lower today, depending on the lender.  Underlying financial markets continue moving in a narrow range--something that's not uncommon for the first few weeks of the summer.  It's that market movement that can result in mortgage lenders issuing mid-day reprices.  The more volatile and the bigger the moves, the more likely lenders are to reprice.  Today saw zero reprices.

Rates may have risen this morning were it not for weaker economic data.  In general, weaker data tends to drive demand for the safe-haven of the bond market (which results in lower rates).  This morning's Durable Goods data was noticeably weaker, and bonds improved immediately following its release at 8:30am.  Though the improvement in markets was modest, it meant that most lenders were looking at bond prices that were at least as good as last Friday's.

Despite today's relative lack of change, the potential for movement is generally higher heading into the rest of the week.  Risk-averse borrowers should consider that we're effectively at the lowest rates in more than 8 months.  Risk-tolerant borrowers should simply make sure they have a stop-loss in place (in terms of how much rates could rise before locking at a loss) and a game plan established with their loan originator.

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.97%3.98%-0.013.34%4.39%
15 Yr FRM3.25%3.26%-0.012.69%3.61%
FHA 30 Year Fixed3.65%3.65%--3.15%4.10%
Jumbo 30 Year Fixed4.24%4.25%-0.013.42%4.60%
5/1 Yr ARM3.06%3.07%-0.012.80%3.25%


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