Thursday, June 1, 2017


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


#1       100 Roger's Island, Branford, CT 06405 with 10 bedrooms, 10 baths, 
and 13,000 sq.ft. is listed for sale at $38,000,000.



This stunning 7.65-acre Rogers Island Mansion is on 3/4 mile coast, and has been impeccably restored. The private island offers a state of the art pool complex complete with a pool house, cabana and gazebo. Extravagant grounds including three private beaches, French formal gardens, fountains, Har-Tru tennis court, Nicklaus-designed putting green, heated commercial Greenhouse and two granite piers with a floating dock.The guest cottage includes 4 bedrooms and a wrap around porch, private Artist's studio with half bath. Sale includes 3700 SF Victorian Home on shore property boasting a 150 SF floating dock and 35' long concrete pier. Included are estate main home, carriage house and caretakers 
cottage.



The interior of the house is a colorful surprise: Decked out in bright hues with charming coastal accents, anyone stepping through these doors will feel welcome.








Home Photos, House Images and Property Pics Gallery













Today's Top Real Estate News

Pending Home Sales Fall Below 2016 Levels



By Jann Swanson

Mortgage News Daily


Pending home sales had been expected to rise slightly in April after declining 0.8 percent in March.  Instead, the National Association of Realtors'® (NAR's) Pending Home Sale Index (PHSI) slumped for the second straight month, dropping 1.3 percent. The PHSI, based on contracts signed for existing home purchases, fell from 111.3 (revised from 111.4) in March to 109.8. 

The April dip put the Index 3.3 percent below its level in April 2016. This was the first year-over-year decline since last December and the largest since the Index fell 7.1 percent in June 2014.  

Analysts polled by Econoday had expected sales to rebound from their March loss by 0.5 percent with some looking for a gain of as much as 1.4 percent. The actual results were well below the lowest estimates of -0.5 percent.  Econoday noted that "This year's month-to-month path of existing home sales has been accurately telegraphed by the pending home sales index which tracks initial contract signings. This index fell 0.8 percent in March and was followed by an even more sizable decline in final sales."

Lawrence Yun, NAR chief economist, said the fading contract activity in the normally active spring market is due to significantly weak supply levels.  These, in turn, are spurring deteriorating affordability conditions. "Much of the country for the second straight month saw a pullback in pending sales as the rate of new listings continues to lag the quicker pace of homes coming off the market," he said. "Realtors are indicating that foot traffic is higher than a year ago, but it's obviously not translating to more sales." 

Yun added, "Prospective buyers are feeling the double whammy this spring of inventory that's down 9.0 percent from a year ago and price appreciation that's much faster than any rise they've likely seen in their income." 

The economist sees little evidence that the record low levels of inventory will improve any time soon. Homebuilding activity remains below the necessary levels and too few homeowners are listing their home for sale.

"The unloading of single-family homes purchased by real estate investors during the downturn for rental purposes would also go a long way in helping relieve these inventory shortages," said Yun. "To date, there are no indications investors are ready to sell. However, they should be mindful of the fact that rental demand will soften as the overall population of young adults starts to shrink in roughly five years."

NAR expects that existing home sales will increase about 3.5 percent from 2016 to 5.64 million units and the national median existing-home price is expected to increase around 5 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

The decline of sales was nearly nationwide in scope and all four regions are now running lower index numbers than the previous April. The West was the only region enjoying a month-over-main gain. The PHSI in the Northeast decreased 1.7 percent to an index of 97.2, now 0.6 percent lower than the previous April.  In the Midwest, the index fell 4.7 percent to 104.4, a decline of 6.1 percent year-over-year.

Pending home sales in the South declined 2.7 percent to 125.9, and were 2.3 percent below the level in April 2016. The index in the West jumped 5.8 percent in April to 100.0, but is still 4.2 percent below a year ago. 

The PHSI is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.

Today's Mortgage Rates                                                                                  52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.00%4.02%-0.023.34%4.39%
15 Yr FRM3.26%3.28%-0.022.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.29%4.30%-0.013.42%4.60%
5/1 Yr ARM3.08%3.09%-0.012.80%3.25%
Updated: 5/31/17 4:36 PM
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     1476 Amalfi Drive, Pacific Palisades, CA 90272 with 5 bedrooms, 7 baths, 
        and 5,823 sq.ft. is listed for sale at $9,350,000.


        This gorgeous property is located in the coveted Riviera of Pacific Palisades. Gated, private with state of the art security, large flowing rooms, beautiful swimming pool, garden cottage, his and hers separate steam baths, and exquisite finishes throughout with enormous country kitchen and large flowing rooms leading to a beautiful private garden. This homes was completely remodeled in 2014. Gated. Private. Security.

        ..








        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     19860 North 97th Street, Scottsdale, AZ 85255 with 5 bedrooms, 4 baths, 
        and 5,202 sq.ft. is listed for sale at $2,250,000.



        Amazing Custom Renovation in DC Ranch! A must see! Truly one-of-a-kind customized creating a modern luxury in the heart of DC Ranch Haciendas.Well-planned structural and architectural enhancements made to expand and maximize living space in family room and entry hall, eliminating all arches. Added generous upstairs deck that captures amazing views of the city and a glass wine cellar by Heritage in the dining room.Functional home design with stately entry office, isolated master retreat, private entry guest suite downstairs, and interior courtyard with three oversized bedrooms, game room and two view balconies upstairs. Exceptional updated designer finishes throughout including French Oak flooring, quartz countertops, leather granite, exclusive custom tiles.












        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% over the 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% over the 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     4443 Pescadero Avenue, San Diego, CA 92107 with 3 bedrooms, 6 baths, 
          and 3,817 sq.ft. is listed for sale at $2,649,000.


          Welcome to a classic Frank Lloyd Wright - inspired signature property! The award-winning designer and custom builder, Sara Caledonia, has transformed the 14,000 esf site into an architectural standout! The comfortable Prairie-style residence with panoramic ocean views includes 3 spacious bedroom suites, 4.5 baths, family room, detached guest quarters and a separate cabana/office with lanai representing multiple living & entertaining spaces


















            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      151 Kellogg Avenue, Palo Alto, CA 94301 with 7 bedrooms, 6 baths, 
            and 4,423 sq.ft. is listed for sale at $6,998,000



            Just completed bright and airy Craftsman home in premier Old Palo Alto. This stunning new home offers 3 levels of refined living. The floor plan is exceptionally clean and bright, offering a dignified yet contemporary ambience. Tasteful Craftsman exterior and polished landscape welcome you to your new home. The entry foyer opens onto the formal living room with its marbled fireplace and adjoining formal dining room. Further back, the modern kitchen with its top-of-the-line appliances is connected to the large and open family room. This comfortable space is sun-dappled, complimented by wide-planked oak floors with neutral tones, Dolomite white marble countertop, and quartz and marble throughout. French doors lead to the back terrace for easy indoor-outdoor living. Lower level offers a full bar and wine cellar, guest suite, bedrooms and spacious recreation room. Soaring ceilings on every level. Blocks away from Stanford University and Downtown Palo Alto. Top-rated Palo Alto Schools.








              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     4808 Forest Avenue SE, Mercer Island, WA 98040 with 4 bedrooms, 6 baths, 
              and 7,010 sq.ft. is listed for sale at $4,950,000.


              If James Bond were real, he'd already live here.This stylish,contemporary masterpiece sits perched on majestic Forest Avenue w/spectacular views of Lake,Olympics,& Seattle. Custom built in 2009,state of the art & aesthetically gorgeous. Modern door wall opens main floor to massive,covered outdoor living/terrace. Chefs kitchen w/butler's/bar.Gym,wine cellar,movie theater & huge bonus room on ground floor. All bedrooms en suite. Master suite w/sitting rm & abundant closet holds your tuxedos/gowns!















              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