Tuesday, June 6, 2017


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


#1     9199 Thrasher Avenue, Bel Air, CA 90069 with 5 bedrooms, 9 baths, and 
11,127 sq.ft. is listed for sale at $38,000,000.  This estate is drop dead gorgeous!
One-Of-A-Kind Masterpiece Nestled In The Notorious Los Angeles Bird Streets! Renowned architect Paul McClean has outdone himself with show-stopping, *fully furnished* estate! Breathtaking panoramic views spanning from Los Angeles to Catalina Island. French cobblestone driveway leads to custom rotating carport. Bedrooms feature city views. Lounge is entertainer's paradise with wine cellar, swing suspended from ceiling, city views and balcony with wraparound fire pit. Custom-made Italian kitchen by ErnestoModa with Fendi chandelier and Miele appliances. Ethereal floating stairway is accented by handcrafted 34' Murano chandelier with 24k gold leaf & handblown glass. Marble bathrooms and 4 ultra chic Montigo fireplaces highlight the elegance. Fully equipped gym features horizontal massage shower. Master Suite is pièce de résistance with full bar, showroom closet and opulent bath. Home also has in-home movie theater, infinity pool & Creston Smart System. 

Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $563,400. Los Angeles County home values have gone up 6.7% over the past year, Zillow predicts they will rise 0.8% within the next year.

The median home value in Brentwood, 90049 is $2,447,100. Brentwood home values have gone up 3.5% over the past year.  Zillow predicts they will rise 0.4% within the next year

The median home value in Malibu is $2,866,300.  Malibu home values have gone up 4.3% over the past year.  Zillow predicts they will rise 0.2% within the year.

The median home value in Bel Air, 90077 is $3,228,900  Bel  Air home values have gone down -(1.0%)  over the past year.  Zillow predicts they will go down  -(1.1)% within the next year.

The median home value in Beverly Hills 90210 is $4,850,400.  Beverly Hills home values have gone up 1.3% over the past year.  Zillow predicts they will rise 0.6% with the next year.

#1       627 North Palm Drive, Beverly Hills, CA 90210 with 5 bedrooms, 8 baths, 
and 8,500 sq.ft. is listed for sale at $15,995,000. If you want classic old Hollywood elegance this estate has it all!


Located one block South of Sunset, this 5 bedroom and 8 bath home, designed by STANDARD Architecture is surrounded by olive trees, hand-laid basalt cobblestone, and a peaceful landscape. Once inside, white oak floors run throughout the home while steel case windows fill every room with light. A spacious living room features historic stained-glass windows, high-beamed ceilings, and a stone fireplace. In the master suite, a cedar, vaulted ceiling sits over French doors that lead into a forward-facing balcony. Dual master bathrooms feature luxurious slab marble and walk-in closets. The spacious backyard encloses a serene pool and lounge area. An extensive library is an ideal recreational space. Furnished with the latest appliances, the kitchen is replete with Calacatta Gold, wide windows, and French doors. Adjacent, an open formal dining room feeds into a wine-tasting/dining room and a modern, wine storage room. 






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 $418,700. Scottsdale home values have gone up 2.6% over the past year. Zillow predicts they will rise 0.4% withiin the next year. 

The median home value in Carefree is $746,800. Carefree home values have gone up 
3.6% over the past year.  Zillow predicts they will rise 1.3% within the next year.  

The median home value in Paradise Valley is $1,604,200.  Paradise home values have gone up 1.3% over the past year. Zillow predicts they will rise 0.0% within the next year.

#1     10945 E Whistling Wind Way, Scottsdale, AZ with 5 bedrooms, 6 baths, and 9,175 sq.ft. is listed for sale at $5,895,000. This is a half price sale as compared to a similar estate in California!
The prestigious Upper Canyon of Silverleaf is embraced by the dramatic McDowell Mountains and this magnificent Ranch Hacienda estate picks them up in every direction. Unobstructed and breathtaking city light views are overwhelming from main living areas and outdoor spaces. On 1.68 acres, the 9,177 square feet includes 4 ensuite bedrooms in the main house and a two room guest casita. The discriminating buyer is sure to appreciate the well thought out open floor plan and quality finishes including retractable walls of glass, extensive stone work, wide wood plank flooring, beamed ceilings, elevator, wine cellar, 6 fireplaces, dual master closets, beautiful gourmet kitchen, impressive custom ironworks and lighting, negative edge pool and multiple covered patios and balconies. 
Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $537,200. 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 $1,466,000. La Jolla, 92037 home values have gone up 2.2% this past year.  Zillow predicts they will rise 1.8% within the next year.

The median home value in Solana Beach 92075 is $1,278,200. 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 $1,620,400 Del Mar home values have gone up 5.7% over the past year.  Zillow predicts they will rise 2.8% within the next year.


The median home value in Rancho Santa Fe is $2,560,200. Rancho Santa Fe home values have declined -(4.1)% over the past year and Zillow predicts they will decline -(0.7)% within the next year.

#1     5623 Meadows Del Mar, San Diego, CA 92130 with 5 bedrooms, 6 baths, and 6,864 sq.ft. is listed for sale at $3,150,000. It is all about the land. This is one of the most beautiful estates in Carmel Valley!



Priced below market value! Sweeping golf course views. Master Suite at entry level. Finest quality construction and upgrades, Spacious rooms of grand proportions, open & airy floor plan, huge kitchen, stately office. All 4 fireplaces are quality masonry. Very private location with no home in front or behind. Near the cul-de-sac. Down the street from the Fairmont Grand Resort & Spa: golf at the Tom Fazio championship course or dine at the famed Addison Restaurant. Gated community.









 Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,189,100. San Francisco home values have gone up 4.0% over the past year.  Zillow predicts they will decrease by 1.0% within the next year.


The median home value in Sausalito is $1,254,300. 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 $2,500,600. Tiburon home values have gone up 2.9% over the past year.   Zillow predicts they will rise 1.1% within the next year. 

The median home value in Saratoga is $2,428,700. Saratoga home values have gone up 1.1% over the past year.  Zillow predicts they will rise 1.0% within the next year. 

The median home value in Atherton is $6,145,500. Atherton home values have gone up 2.9% over the past year and Zillow predicts they will rise 0.8% within the next year.

#1      101 Rutherford Hill Road, St  Helena, CA 94574  with 7 bedrooms, 12 baths, 
and 12,795 sq.ft. is listed for sale at $25,000,000.  This estate is as close to paradise as you'll ever find!!!
A rare opportunity to own a premier, 12,795 sqft compound on 21 acres above the valley floor. This private estate, a triumph of architectural design, is comprised of a 3-lvl, 10,065 sqft main residence and 2 fully equipped guest cottages, is prominently positioned adjacent to Auberge du Soleil providing superior views. Treasures of the world surround you in the fully-appointed estate, primed for turn-key entertaining or family living alike.









Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in King County is $551,000. King County home values have gone up 13.6% over the past year.  Zillow predicts they will rise 5.6% within the next year.

The median home value in Kirkland is $646,900.  Kirkland home values have gone up 16.1% over the past year.  Zillow predicts they will rise 6.1% within the next year.

The median home value in Seattle is $653,400. Seattle home values have gone up 12.9% over the past year. Zillow predicts they will rise 5.5% within the next year.

The median home value in Bellevue is $800,800. Bellevue home values have gone up 14.4% over the past year. Zillow predicts they will rise 5.7% within the next year. 

The median home value in Mercer Island, WA is $1,378,300, Mercer island home values 
have gone up 9.4% over the past year.  Zillow predicts they will rise 5.3% with the next year.

The median home value in Clyde Hill is $2,345,400. Clyde Hill home values have gone up 10.9% over the past year. Zillow predicts they will rise 4.9% within the next year.

The median home value in Medina is $2,454,700. Medina home values have gone up 10.8% over the past year and Zillow predicts they will rise 5.1% within the next year.

#1      12705 Holmes Point Drive NE, Kirkland, WA 98034 with 5 bedrooms, 4 baths, 
and 5,118 sq.ft. is listed for sale at $4,500,000.


Breathtaking views of Lk WA, Olympics, Rainier, and epic sunsets abound from this magnificent waterfront estate. Light-filled and open, this 5 BR/4.5 BA home feats elegant finishes inclding rich millwork, gleaming hardwoods and designer fixtures. Expansive verandas overlook 113 of coveted SW facing frontage. Entertainers dream; pool level living offers 2nd full gourmet kitchen, spacious guest suites, theater, in-ground pool and hot tub. Large dock w/boat and 4 jetski lifts. True waterfront resort living!










Today's Mortgage Rates                                                                                      52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.00%3.98%+0.023.34%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 Fixed4.29%4.27%+0.023.42%4.60%
5/1 Yr ARM3.05%3.04%+0.012.80%3.25%
Updated: 6/5/17 1:41 PM

Today's Top Real Estate News

Who’s powering the housing market? Surprise! It’s millennials!


74179883




Millennials are growing up, settling down and looking to buy a house — for the extra room and the investment opportunity.

Millennials were the largest group of home buyers (34 percent) for the fourth consecutive year, according to NAR's 2017 Home Buyer and Seller Generational Trends study. By comparison, baby boomers were 30 percent of buyers.

"That myth that millennials don't want to own things is not true," said Jeremy Wacksman, chief marketing officer at the Zillow Group. "Millennials are not just starting to buy homes; they're powering the housing market."

After five years of living together in a one-bedroom apartment, Jamil Saeed and Felicity Greenpalm are ready to take the next step and buy a house in Seattle.

Saeed, a 29 year old marketing consultant, and Greenpalm, 31, who works for Nordstrom, are thinking about starting a family and that means they need more space.
"We want a yard and a place where we can have all of our friends and family over," Saeed told NBC News. "I feel like if we don't do something soon, we're going to get priced out of the market. Salaries aren't increasing quickly enough to keep up with the pace that home prices are growing. It's kind of now or never for us."

"Millennials have been fairly slow to get into the market, but we are seeing an uptick in millennial buyers this year — which is a good sign, because as home values rise, we want a wider number of people to participate in this housing recovery," said Lawrence Yun, chief economist at the National Association of Realtors (NAR). "There's a pent-up demand and as the economy continues to improve, we expect to see more people in their early thirties, adults who are still living with their parents — clearly not their idea of the American dream — begin to look for their own housing units."

Lawrence Yun, chief economist at the National Association of Realtors.

Lawrence Yun, chief economist at the National Association of Realtors.
Research done by the National Association of Homebuilders found that more than 90 percent of millennials say they eventually want to buy a house.

"Home ownership is very much at the center of what they want to do in their lives," said Rose Quint, NAHB's assistant vice president for survey research. "They see the challenges, but home ownership is still front and center one of their major goals."

The Millennial Buyer

Most millennials are first-time buyers. In many parts of the country, they're dealing with a hot housing market where home prices are soaring and supply is limited. And even though they are typically two-income families, home prices are outpacing wage growth.

Millennials are focused on being able to afford their purchase. They want a property that is well within their budget, real estate experts told NBC News.

Jacob Berg, a 33 year old bookkeeper, and Bianca Rose, a 27 year old insurance agent, recently bought a home in Valencia, California. It took them a year to find the right place: a small house (900 sq. ft.) with two bedrooms, two bathrooms and a two-car garage. They paid $430,000 for it — a price that was well within their comfort zone.

"We didn't take into consideration having good jobs," Berg said. "Unforeseen things can go wrong. If we had to go get a minimum-wage job, we would still be able to afford to make our house payments."

Berg and Rose see their new house as a step up from living in an apartment, as well as a long-term investment. They hope to rent it out some day and move to a bigger place.
The couple's real estate agent, Cyndi Lesinski at John Hart Real Estate, told NBC News her millennial buyers are more focused on the monthly cost than the selling price.

"They have a budget and they want to stay within it," she said. "They want to know what their monthly payment is going to be and are they comfortable with that?"

Lesinski spends a little more time with her millennial clients to make sure they understand the process. But she said these buyers are more financially savvy than most people realize. They understand their money and what makes sense for them, she said.

528105648

Last month, the Zillow Group, which operates Zillow.com and Trulia.com, added RealEstate.com to its portfolio. The new site is designed for first-time buyers who are struggling with affordability. Zillow's research found that more than half of all first-time buyers are millennials.

Along with the asking price, RealEstate.com shows the "All-In Monthly Price" that makes it easy to compare the monthly cost of buying that property with the monthly rent you're paying. The results also show many of the costs first-time buyers may not think about when they start their search: estimated property taxes, homeowner association fees, homeowners insurance, private mortgage insurance, utilities and closing costs.

What millennials want in their new home

Millennials are late bloomers. They've delayed marriage and children and buying a house. So when they do buy, they want a bigger home. Sometimes, they skip that starter home and look for a house that they plan to live in forever.

When they're ready to buy, millennials are very much like the generations that preceded them — most want to buy a house in the suburbs.

"When they're younger and renting, the central city is where they want to be. But when it's time to buy the home, they want to go to the suburbs," said NAHB's Quint. "They're interested in park areas and that typically suburban neighborhood."

Millennials want big homes: 2,375 sq. ft. on average, according to the latest NAHB tracking survey, released in March 2016. By comparison, the average desired home size for all buyers is 2,202 sq. ft. For baby boomers it's 1,879 sq. ft.

Nearly half (48 percent) of the millennials surveyed said they wanted four bedrooms or more. Only 20 percent of boomers and seniors want that many bedrooms. Millennials also want outdoor spaces — a deck, a patio and a front porch — exterior lighting, a shower and tub in the master bath and hardwood floors on the main floor.

How millennials shop

Buyers of all ages are starting their home search online. Not surprisingly, millennials and Generation X buyers (born between 1965 and 1980) are the most likely to do this. But about 90 percent of millennials still use a real estate agent, according to industry data — although the traditional relationship has changed a bit.

"They can use the technology to find what's on the market, so our role tends to be different for them," said Vija Williams, a Seattle-area realtor at Keller Williams Worldwide. "They understand the role of a real estate agent, as far as negotiations, contracts and paperwork, but they don't necessarily need us to find the homes. Our role is to facilitate the sale."

Nela Richardson, chief economist at the real estate brokerage website Redfin, sees millennials "aggressively" negotiating commission fees.

"They're significantly more likely than Gen-X and boomer buyers to negotiate with their real estate agents, both on the list side and the buy side," Richardson said. "They're trying to drive down those fees as far as possible to make their buying dollar go further."

Redfin data shows that 73 percent of millennial sellers try to negotiate with the listing agent for a lower commission, compared to 44 percent of Gen-Xers and 24 percent of boomers. Nearly two thirds (63 percent) of the millennials who tried to get a lower commission rate percent reported being successful.

Millennial buyers are also much more likely to get a commission refund or rebate, contribution toward closing costs, or other form of saving from the buyer-side agent. Fifty nine percent reported receiving some form of savings from their agent.

Where are millennials buying?

Realtor.com analyzed search data from August 2016 to February 2017 and found that the top 10 cities were: (1) Salt Lake City, (2) Miami, (3) Orlando, (4) Seattle, (5) Houston, (6) Los Angeles, (7) Buffalo, New York, (8) Albany, New York, (9) San Francisco, and (10) San Jose.
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