Tuesday, July 11, 2017


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

#1          53  West 53rd Street  #65, New York, New York 10019 with 4 bedrooms, 
5 baths and 6,448 sq.ft. is listed for sale at $43,950,000.


Enjoy panoramic Central Park, Hudson River, East River and downtown skyline views through floor-to-ceiling windows in this full-floor residence located in the new Jean Nouvel-designed tower rising above The Museum of Modern Art. Nouvel's innovative exposed structural system, known as the diagrid, is expressed like a graceful, abstract piece of sculpture creating a one-of-a-kind residence unlike any other in the world. Within this 6,448 SF (599.1 SM) 4-bedroom home accessed by direct elevator entry, one finds a gracious entry hall, massively scaled living room, a palatial master suite, gym or additional dressing room, three generous secondary bedrooms, separate laundry room with sink and service entrance. With interiors by Thierry Despont, Residence 65 also boasts an eat-in, park-facing kitchen with custom cabinetry by Molteni; statuary marble countertops and backlit backsplash; and complete suite of appliances by Miele and Sub-Zero. The corner master bedroom suite includes an extremely spacious master bath that features heated Verona limestone slab floors and baseboard, Noir St. Laurent marble and Peruvian golden travertine feature walls. A short walk to Fifth Avenue and mere blocks from Central Park, 53W53 is a collection of 145 unique residences with super-luxury, hotel-like services and amenities. 









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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       705 North Linden Drive, Beverly Hills, CA 90210 with 5 bedrooms, 5 baths and 5,678 sq.ft. is listed for sale at $14,450,000.


This picture-perfect Spanish style home perfectly captures the charm and elegance of Beverly Hills. This Rosemary DeCamp masterpiece, impeccably designed by Wallace Neff, features a stunning living room with hand painted cathedral ceilings overlooking beautiful gardens and landscaped patios. Immerse yourself in the updated kitchen with recessed lighting and top of the line stainless steel appliances, as well as a grand foyer with a graceful staircase and exquisite marble floors. The master-suite has a huge walk-in closet, a luxurious bathroom, and a veranda with stunning views of the expansive grounds. Also enjoy beautiful hardwood floors throughout the home and original details on the fireplace in the den. The magnificent long rectangular pool with waterfall features and spa is one of the highlights of this home. The al fresco dining area with a barbecue and fire pit make this the classic home for entertaining guests and living in luxury. 
















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       5154 Linea Del Cielo, Rancho Santa Fe, CA 92067 with 7 bedrooms, 9 baths 
and 7,325 sq.ft. is listed for sale at $7,500,000.


Unveiling BRAND NEW CONSTRUCTION masterfully crafted by John Bianchi with a premier West Side Rancho Santa Fe Covenant address. Presenting over 9000 sf of sprawling beneath the roof living set on over 4 private acres with VIEWS this modern chic Santa Barbara inspired gated compound presents casual elegance with rustic chic accents highlighted by the finest materials and unparalleled quality and design. Expansive westerly views abound from almost every room in this exclusive estate.











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        165 Patricia Drive, Atherton, CA 94027 with 5 bedrooms, 8 baths and 6,449 sq.ft.
 is listed for sale at $9,888,000.


Gorgeous Garden Estate in West Atherton. Splendid gated grounds of approx. 1.05 acres (per county) showcase this lavish yet inviting 5 bedroom, 7.5 bath mansion of approx. 6,400 sq. ft. (per plans), which includes a poolhouse. Large, sun-lit gathering spaces allow warmth and easy living, while a master retreat with a palatial closet and a spa provides private leisure. A gourmet kitchen with a secondary prep kitchen permits functional convenience, and the poolhouse can convert to a meditation studio. Expansive gardens boast fountains, poolside terraces, and an outdoor kitchen. Exclusive Menlo Circus Club and prestigious private schools are within moments. Stanford University, two international airports, and the urban centers of both San Francisco and San Jose are easily accessible.  












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       9150 NE 32nd Street, Yarrow Point, WA 98004 with 5 bedrooms, 4 baths and 5,503 sq.ft. is listed for sale at $3,448,000.



Exceeding your expectations, in every way. Over 5,500 sq ft of elegant living spaces. Greet guests w/ beautiful formal entry, dining and living rooms. Open interior sight lines lead to the stately kitchen and great-room w/ 10 ceilings and beautiful western views. Spacious staircase connecting living spaces. 1st floor opens to light filled bonus room, covered 483 sq ft outdoor living room plus 4 more generous bedrooms. 3 car garage plus RV/boat parking. Just minutes from east and west side amenities!






Today's Top Real Estate News



Can't Stop, Won't Stop: Sale Prices of Existing Homes Reach New Highs

Realtor.com

existing-home-prices-rise             



It's not just the temperatures that are rising. The median sale prices of existing homes have also been going up, hitting new highs nationally.

Take a deep breath, buyers. The median price for one of the previously lived-in abodes reached $252,800 in May, according to a recent National Association of Realtors® report. That's up nearly 3.2% from April and was a 5.8% boost from May 2016.

Despite the higher prices (thank the housing shortage for that), about 5.62 million existing homes went under contract in May, according to the seasonally adjusted numbers in the report. That's 1.1% over April's numbers and a 2.7% bump from May 2016. First-time buyers made up about a third of those sales.
And they were flying off their blocks and hallways quickly. Properties were on the market for only 27 days in May, the shortest period since NAR began tracking this in May 2011. So buyers need to act fast.

(Realtor.com® looked only at the seasonally adjusted numbers in the report. These have been smoothed out over 12 months to account for seasonal fluctuations.)

The higher costs are discouraging folks who aren't big earners from jumping into the fray, says Senior Economist Joseph Kirchner of realtor.com.

"Affordability is getting worse, especially at that lower end of the market," he adds. "Some people are getting priced out."

But existing homes were a deal compared with newly constructed ones—which cost about a fifth more. New residences went for a median $309,200 in April, according to the most recent data available from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

"Those able to close on a home last month are probably feeling both happy and relieved," said Lawrence Yun, NAR's chief economist, in a statement. "Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher."

The most expensive abodes were in the West, home to notoriously pricey areas like Silicon Valley and San Francisco. The median home price was $368,800 in May—up 6.9% from the  same month a year earlier.

They weren't cheap in the Northeast either, with a $281,300 median price tag. That was 4.7% higher than in May 2016.

Residences were a bit more affordable in the South, at $221,900, a 5.3% rise from the previous year. And they were the cheapest in the Midwest, at a median $203,900. But they also rose the fastest in that region, by 7.3%.

"Home prices keep chugging along at a pace that is not sustainable in the long run," Yun said. "Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions."

Today's Mortgage Rates
Mortgage Rates Little-Changed Near Recent Highs
Jul 10 2017, 5:24PM

Mortgage rates improved somewhat today, on average, but the gains were modest.  Some lenders were unchanged from Friday afternoon's latest levels.  That leaves us essentially in line with the highest rates since early April, after having been at 8-month lows just 2 weeks ago.  From 8-month lows to 3-month highs is an abrupt move taken at face value, but it's made possible due to a narrow range persisting during that time (relative to other stretches of 8 months of time).

In terms of today's finer detail, it may as well have been a 3rd day of the weekend as far as bond markets (which underlie rates) were concerned.  Trading levels haven't moved out of their recently higher, narrower range since last Thursday morning.  That will likely change--if not tomorrow, then shortly thereafter.  The second half of the week has several bigger-ticket events that have the potential to create volatility for rates.  These include economic reports, bond auctions, congressional testimony from Fed Chair Yellen, and the constantly lurking risk of headlines out of Europe (the initial reason rates began moving quickly higher 2 weeks ago).
52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.12%4.13%-0.013.37%4.39%
15 Yr FRM3.37%3.38%-0.012.72%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.39%4.40%-0.013.47%4.60%
5/1 Yr ARM3.20%3.20%--2.80%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