Wednesday, June 28, 2017


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

#1      150 Almendral Avenue, Atherton, CA 94027 with 6 bedrooms, 8 baths, 
and 14,482 sq.ft. is listed for sale at $32,800,000.

150 Almendral Ave, Atherton, CA 94027
Magnificent estate build for current owners by Pacific Peninsula Group in 2013, interiors by Paul Wiseman and 2-acres with landscape by Andie Cochran. 3 levels with elevator, 6 bedrooms each with en suite bath, 2 offices, library, 2 family rooms, recreation room, theatre, fitness center with golf simulator and yoga area, plus wine cellar. Remote controlled blinds on almost every window to protect against sun, Elan home automation system with iPad docking stations. multizone radiant heat, 1-bedrom guest house with kitchen. Pool spa, tennis court and pavilion, putting green, outdoor kitchen with pizza oven, and fire pit. Well for irrigation.

150 Almendral Ave, Atherton, CA 94027
150 Almendral Ave, Atherton, CA 94027

150 Almendral Ave, Atherton, CA 94027

150 Almendral Ave, Atherton, CA 94027

150 Almendral Ave, Atherton, CA 94027

150 Almendral Ave, Atherton, CA 94027

150 Almendral Ave, Atherton, CA 94027

150 Almendral Ave, Atherton, CA 94027


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      1925 Beach Drive, Hermosa Beach, CA 90254 with 3 bedrooms, 4 baths, 
and 2,788 sq.ft. is listed for sale at $7,000,000.
1925 Beach Dr, Hermosa Beach, CA 90254
Contemporary masterpiece designed By Daryl Olesinski, built by Fritz, photographed by Julius Schulman and published internationally. Corner lot one door from Strand, on more land than two interior Strand lots, with 117' of frontage on Beach Drive and 45' on 20th walk street. Up close ocean views, instant beach access, and much more private and quiet than The Strand. Retractable walls of glass, sustainable mahogany andironwood, 9' to 11' ceilings, custom radiant heated terrazzo floors, one piece wraparound stainless sink and counter, poured in place fireplaces (4 total) and walls, 12' operable central skylight, full basement with 9' ceiling, 4 decks, 4 fireplaces, master with unblockable view, dry sauna, steam sauna, detached guesthouse (3rd bed) with kitchen and full bath, semi-covered roof deck with fireplace (a la Kaufman house), 2.5 car garage (can squeeze 3) with Tesla outlet, state of the art water filtration, large grass yard with solid granite firepit, ozonated solar heated pool and spa (fresh water, no chemicals), enclosed outdoor shower + large storage area for paddleboards, toys. 84 walkscore. Quietest beach in HB/MB, far from the piers, streets, public bathrooms and parking. The nearest real street is a full block away. Unlike in M.B., Beach Drive has gates at every walk street so there's zero through traffic, and the flat walk streets are a kids paradise. 

1925 Beach Dr, Hermosa Beach, CA 90254
1925 Beach Dr, Hermosa Beach, CA 90254

1925 Beach Dr, Hermosa Beach, CA 90254

1925 Beach Dr, Hermosa Beach, CA 90254

1925 Beach Dr, Hermosa Beach, CA 90254

1925 Beach Dr, Hermosa Beach, CA 90254

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      4732 North Dromedary Road, Phoenix, AZ 85018 with 6 bedrooms, 9 baths, 
and 7,000 sq.ft. is listed for sale at $3,349,000.
This exquisite custom retreat will take your breath away. Newly built with every imaginable amenity and loaded with designer excellence, this spectacular residence will leave you in awe. From the time you arrive through the gracious entrance, you'll be entranced by the flow of each sun filled room and the outstanding taste that every stunning space offers. The chef's kitchen is phenomenal, the great room is spectacular, the temperature controlled walk-in wine room is beyond impressive, and multiple bonus rooms offer unparalleled flexibility for kids, in laws or simply creating personal designed spaces. Not to be forgotten is the impeccable guesthouse that offers the same great taste as the main residence. The upscale finishes include phenomenal millwork, custom crafted cabinetry, pristine wood flooring, exposed brick, impressive tile, granite and marble, retractable doors, dramatic fireplaces, and ultra chic lighting. The grounds are absolutely breathtaking with a gorgeous outdoor kitchen, magnificent pool and spa, waterfalls, enormous covered patios and luscious mountain views. This is a truly enviable estate! 













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       154 26th Street, Del Mar, CA 92014 with 4  bedrooms, 5 baths, 
and 2,457 sq.ft. is listed for sale at $7,400,000. 

  
Hamptons meets the West Coast in the Del Mar Beach ColonyThis open-air designer beach house has been fully remodeled by iconic Del Mar architects, Bokal and Sneed, steps to the sand andlocated on one of the best streets in the beach colony. The main house has amazing white water views, 3 en-suite bedrooms, gourmetkitchen, great room with large bi-fold doors merging the indoors with the out. There are two view decks, an elevator, control-4 A/V system,Ortal fireplaces, pizza oven, french oak floors, Kolbe windows & doors, & a spa hidden below a seamless retractable deck. The detached casita has a sleeping studio/loft and kitchenette, all featuring state of the art details. There is parking for 6-8 cars, unsurpassed at the beach.












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      18 Fernhill Avenue, Ross, CA 94957 with 5 bedrooms, 4 baths, and 4,039 sq.ft. is listed for sale at $5,005,000.

 A special ~half-acre pastoral paradise in the heart of Ross, this newly updated 4 bedroom/3 bath Craftsman smart home with vacation-like 1-bed, 1-bath guesthouse, large saltwater pool with stone decking, beautiful yards and new flourishing garden melds nature, craftsmanship, and state-of-the-art amenities. Enjoy the large patio, wrap-around porch, open plan, wine cellar and chef's kitchen all on one of the most coveted streets and close to schools.















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     Gibbs House, 1000 Warren Avenue N, Seattle, WA with 3 bedrooms, 4 baths, 
and 6,823 sq.ft. is listed for sale at $9,950,000.

Undisclosed, Seattle, WA 98109

Commissioned in 1928, the landmark Gibbs House sits on a gated, in-city compound on Queen Anne's fabled South Slope. Featuring iconic views of the City and Sound and unrivaled in construction, this meticulously restored jewel rests on an exquisite 18944 SF lot with manicured landscaping, sport court, elevated pool with adjoining 530 SF cabana and outdoor kitchen space; 2 large 2-car garages, potting room and terraced garden. Elegant formal spaces and wondrous views, a truly stunning Seattle property.

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Undisclosed, Seattle, WA 98109

Today's Top Real Estate News

Signs of Deceleration Despite Record High Home Price Index - Case-Shiller
Jun 27 2017, 10:04AM

The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high, on a non-seasonally adjusted (NSA) basis for the fifth consecutive month.  Some of the Case-Shiller numbers however, show some deceleration from their record pace.



The month-over-month National Index gained 0.9 percent from March on a NSA basis compared to an 0.8 percent increase in March.  It was up 0.2 percent after adjustment. The annual index was up 5.5 percent. The year-over-year increase in March was 5.6 percent, and that was revised down from 5.8 percent.

The 10-City Composite Index gained 4.9 percent compared to April 2016, down from 5.2 percent the previous month. The 20-City Composite posted a 5.7 percent year-over-year gain, down from 5.9 percent in March.  The 10-City index rose 0.8 percent before adjustment and 0.2 percent after while the 20-City had increases of 0.9 percent and 0.3 percent respectively. Eighteen of 20 cities reported gains in April before seasonal adjustment; after seasonal adjustment, 13 cities saw prices rise.

Analysts who follow the 20-City Composite reached a consensus, as reported by Econoday, of 0.6 percent for the month's increase and 5.9 percent for the annual gain.

Seattle, Portland, and Dallas again reported the highest year-over-year gains among the 20 cities. Seattle led the way, up 12.9 percent, while the other two failed to break into double digits; Portland rose 9.3 percent, and Dallas was up 8.4 percent. Seven cities reported greater price increases in the year ending April 2017 versus the year ending March 2017.  

 "As home prices continue rising faster than inflation, two questions are being asked: why? And, could this be a bubble?" says David M. Blitzer Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. "Since demand is exceeding supply and financing is available, there is nothing right now to keep prices from going up. The increase in real, or inflation-adjusted, home prices in the last three years shows that demand is rising. At the same time, the supply of homes for sale has barely kept pace with demand and the inventory of new or existing homes for sale shrunk down to only a four- month supply. Adding to price pressures, mortgage rates remain close to 4 percent and affordability is not a significant issue.

"The question is not if home prices can climb without any limit; they can't. Rather, will home price gains gently slow or will they crash and take the economy down with them? For the moment, conditions appear favorable for avoiding a crash. Housing starts are trending higher and rising prices may encourage some homeowners to sell. Moreover, mortgage default rates are low and household debt levels are manageable. Total mortgage debt outstanding is $14.4 trillion, about $400 billion below the record set in 2008. Any increase in mortgage interest rates would dampen demand. Household finances should be able to weather a fairly large price drop."

As of April, the two composite indices have returned to winter 2007 price levels. After setting successive new price peaks the National Index is now 2.1 percent higher than it was pre-crash and has risen 40.7 percent from its 2012 trough.  While the 10- and 20-City Composites are 44 percent and 47 percent above their respective troughs they remain below their summer 2006 peaks, the 10-City by 6.9 percent and the 20-City by 4.5 percent.



The S&P CoreLogic Case-Shiller Home Price Indices are constructed to accurately track the price path of typical single-family home pairs for thousands of individual houses from the available universe of arms-length sales data. The National U.S. Home Price Index tracks the value of single-family housing within the United States. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50 percent appreciation rate since January 2000 for a typical home located within the subject market. 

The National Index in March was at 188.50 and the 10- and 20-City Composites had readings of 210.64 and 197.19 respectively.  Los Angeles has the highest index reading at 259.33 and Detroit the lowest at 112.74.

Today's Mortgage Rates
Mortgage Rates Bounce Higher
Jun 27 2017, 3:50PM

Mortgage rates saw their biggest bounce higher in more than a week today as domestic bond markets (which dictate rates) followed a much bigger move in European bond markets.  The European move can be traced to comments from European Central Bank President Mario Draghi depending on the lender.  In a nutshell, his comments sounded like the Fed's comments in the early days of the "taper tantrum" in the US (a big jump in rates that occurred when the Fed signaled its intention to buy fewer bonds).  

Translated into simpler terms, big central banks buy lots of bonds.  When they do that, prices of those bonds go up and rates come down.  Whatever bonds are being bought are those that react most to changes in central banks' policies.  In 2013, it was the US Fed signaling less buying of Treasuries and MBS (the mortgage-backed-securities that underlie mortgage rates).  That's why the taper tantrum hurt mortgage rates as much as it did.  Today's early hints at European tapering have the biggest effect on European bonds.  US Treasuries pay some attention to European bonds, and MBS pay a fair amount of attention to Treasuries.  

Bottom line: mortgage rates in the US are a few degrees removed from European bond markets and thus took a much smaller hit.  Many borrowers will still see the same rates as yesterday, but with higher upfront costs.  In other words, the interest rate on the mortgage would be the same, but the effective rate (which factors in upfront costs) would be slightly higher.
52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.00%3.97%+0.033.34%4.39%
15 Yr FRM3.27%3.25%+0.022.69%3.61%
FHA 30 Year Fixed3.65%3.65%--3.15%4.10%
Jumbo 30 Year Fixed4.25%4.24%+0.013.42%4.60%
5/1 Yr ARM3.09%3.06%+0.032.80%3.25%
Updated: 6/27/17 2:27 PM


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