Friday, July 14, 2017


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

#1        Knights Valley Ranch, Calistoga, CA 94515 with 5 bedrooms, 12 baths and 23,916 sq.ft. is listed for sale at $28,000,000.

 
Tucked into the hills between Healdsburg and the Napa spa town of Calistoga, near the vineyards of Alexander Valley, sits an elegant Ranch Estate with a European Soul. Created in the style of an Austrian Countryside Villa, the expansive property encompasses approx. 600 acres of woodlands, pastures and year round creeks. This exceptional home enjoys magnificent views over Knights Valley toward Napa. The breathtaking, oak-studded country setting is reminiscent of Early California. Seclusion is assured. Rich, complex forms, often with slightly differing architectural styles, blend to form an environment that spans culture and time. This destination home enjoys pastoral views while a seductive, Mediterranean climate seamlessly blends indoor and outdoor living. Blue skies by day, starry skies by night. A sophisticated Country Lifestyle saturated by the California sun. At one time a working ranch, this property boasts a spectacular garden with a bountiful harvest enjoyed daily. Old barns remain with the possibility to raise livestock and grow cropsa true farm to table opportunity. Two wells and mountain springs provide ample water to service the Ranch.. Sweeping views and vistas as far as the eye can see. The utmost in quality materials and craftsmanship combined with a timeless design that effortlessly balances with the surroundings. Simultaneously experience elegance and comfort in a purely serene setting. 
























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        4230 Cresta Avenue, Santa Barbara, CA 93110 with 4 bedrooms, 6 baths 
and 5,189 sq.ft. is listed for sale at $16,500,000.

4230 Cresta Ave, Santa Barbara, CA 93110

Experience staggering ocean and mountain views from this near new stunning estate on 4.8 private acres. Never before on the market! Amenities include main house with 4 bd/6 ba (approx 5200 sq ft), 800 sq ft 1 bd/1ba guest house with an attached 800 sq ft gym + ba, sports court, pool cabana + ba overlooking lush lawns, and views. A 2,000+ sq ft eight-car garage with workshop, wine cellar, and humidor~ the ultimate playground for a collector. A truly spectacular estate.

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110

4230 Cresta Ave, Santa Barbara, CA 93110


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       19225 North 98th Place, Scottsdale, AZ 85255 with 5 bedrooms, 7 baths 
and 6,535 sq.ft. is listed for sale at $3,175,000.



Serene and Sophisticated, this Spanish Colonial Revival in Silverleaf Arcadia exudes perfection. Featured on the cover of Phoenix Home & Garden Magazine, this home wraps you in warm, neutral colors and exquisite natural finishes. It's architecture includes: 24' Ceilings, French Oak Floors, Custom Chandeliers, Indoor/Outdoor Wooden beams, Cantera window sills and door surrounds, natural light, large upstairs bonus room with balconies to view mountain & city lights, large bdrms w/ ensuite baths, Custom Built-Ins in Study & Bdrms & Huge Accordion Doors. Retreat in the large private pool, spa, Huge Ramada, and large backyard. The spacious kitchen features, Large Carrera Countertop and Backsplashes, WOLF, Sub-Zero and Asko appliances. SmartHome Automation controls lighting, HVAC, Security, TV's, and Music.   

  











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        657 Westbourne Street, La Jolla, CA 92037 with 6 bedrooms, 5 baths
 and 3,500 sq.ft. is listed for $3,495,000.



Gorgeous, remodeled La Jolla Contemporary six bedroom, five bath home is just steps from Wind-n-Sea Beach in the Beach and Barber Track, just a 5 minutes to the village. The home has been thoughtfully designed for entertaining. The main level is complete with a full chef's gourmet kitchen, stainless steel appliances, white Italian Carrara marble. Private balcony and a panoramic ocean view deck.











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       3114 Blackhawk Meadow Drive, Danville, CA with 6 bedrooms, 10 baths 

and 9,955 sq.ft. is listed for sale at $8,988,000.

3114 Blackhawk Meadow Ln, DANVILLE, CA

A stunning extremely private pristine “slice of heaven” oasis, this estate provides solitude, wide-open spaces, and tranquility, the likes of which one has rarely been seen in Blackhawk before. Ensconced within the gated community of the Blackhawk Country Club, this magnificent 9,955+/- sf meticulously maintained estate offers unparalleled luxury on  a 4.9 acre lot. Masterfully inspired, and conceived and created by a pedigreed team of Young and Burton, builders, Alan Page, architect, and Sandra Brown, interior designer, this estate is graced with 6 bedrooms, 7 full and 3 half baths, a library, office, bonus room, media room, billiards room, exercise room, cabana, loggia, and a 5 car garage. In  addition, its exquisite resort-like grounds come with a scintillating salt water swimming pool and spa, a full sized tennis court, a one bedroom cozy guest house, a gated court yard, a fully paid for solar system, an irrigation water well, and with breathtaking views of the Mt. Diablo Hills. 


3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA

3114 Blackhawk Meadow Ln, DANVILLE, CA
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        9415 NE 27th Street, Clyde Hill, WA 98004 with 4 bedrooms, 4 baths 
and 4,300 sq.ft. is listed for sale at $3,150,000.



Custom built home in Clyde Hill Aqua Vista neighborhood.. Featuring formal living and dining rooms  with coved ceilings, accent lighting, custom maple molding and wide planked refinished hardwood flpprs, wet bar.  The Chef's kitchen opens to family.room and breakfast nook overlooking gardens with a wrap-around terrace with views of Lake Washington. The gracious master suite with spa bath and 2 additional bedrooms are on the main level. 4th bedroom, a full bath, 2nd family room with fireplace wine cellar are on lower. 







Today's Top Real Estate News

Positive Opinion of Housing's Investment Value Highest in Decade.

Jul 12 2017, 11:48AM



By Jann Swanson
Mortgage News Daily

Time heals all wounds as the old saying goes, and the decade that has passed since the housing crisis seems to have allowed many Americans to recover from its attendant shocks.  The National Association of Realtors'® (NAR's) 2017 National Housing Pulse Survey found that 84 percent of Americans now say purchasing a home is a good financial decision, the highest percentage since 2007.


Eight out of 10 respondents to the survey, which measures consumers' attitudes and concerns about housing issues in the nation's 25 largest metropolitan statistical areas, believe that the most important financial reason to own a home is that the money spent on housing goes towards building equity rather than to a property owner. Paying off a mortgage and owning a home by the time you retire is the next most important financial reason for buying a home followed by ownership being a good investment opportunity to build long-term wealth and increase net worth. In addition, over 50 percent of respondents strongly agree that homeownership helps build safe and secure neighborhoods and provides a stable and safe environment for children and family members.  


Yet despite this positive attitude, many respondents expressed concerns about housing affordability.  Six in 10 respondents said that they are concerned about the rising cost of buying a home or renting in their area, and 44 percent categorized the lack of available affordable housing as a very big or fairly big problem, up 11 percent since NAR's 2015 survey.  Housing affordability was ranked fourth among the top-five issues Americans face in their local area, behind the lack of affordable health care; low wages and debt making it hard to save; and heroin and opioid drug abuse. The affordability concern was ahead of job layoffs and employment.


But NAR found there were clear demographic divides about the issue.  More than half of unmarried and non-white Americans view the lack of affordable housing as a big problem while it was a concern to only 40 percent of married and white Americans. Low-income Americans, renters and young women most acutely feel the housing pinch. There was also greater concern about affordable housing among the working class (65 percent) than for public servants such as teachers, firefighters or police (55 percent).


The survey also found that four in 10 Americans say paying their rent or mortgage is a strain on their budget, a response most prevalent among those with incomes under $60,000, who are residents of New York City or the Pacific coast, are under the age of 50 and non-white. At the same time, 51 percent said they were willing to accept that strain in return for a better living environment and would pick a neighborhood with better schools and job opportunities even if that increased the strain.  Those responses disproportionately came from respondents who were married, upper income and living in the suburbs.


Perhaps adding to concerns about affordability is some confusion over the amount of down payment needed for a mortgage. Four in 10 respondents thought 15 percent or more is required, while 70 percent felt a reasonable down payment should be 10 percent or less.  In a separate survey NAR found that the median downpayment for first-time buyers has been 6 percent for three straight years and 14 percent for repeat buyers in three of the last four years.  Misperceptions about higher down payment requirements were most prevalent in bigger cities and among older adults.


NAR president William E. Brown said, "Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home."


The 2017 National Housing Pulse Survey polled 1,500 adults nationwide by phone.  It has a margin of error of plus or minus 2.5 percentage points.
Today's Mortgage Rates

Mortgage Rates at 2-Week Lows After Yellen
Jul 12 2017, 4:26PM


Mortgage rates had been holding in a narrow range near their highest levels in roughly 3 months over the past few days.  Despite some stability in underlying bond markets, lenders had hesitated to make meaningful adjustments to rate sheets (in their defense, there wasn't much to work with).  That all changed today after Fed Chair Yellen's congressional testimony.

In fact, it was the prepared remarks for the testimony, released at 8:30am ET this morning that did the trick for bond markets (which underlie interest rate movement).  Market participants were eager to see if Yellen would strike a similarly soft tone to some of the recent speeches from other members of the Fed.  Indeed, that was the case as Yellen said the Fed doesn't need to hike much more in order to reach a neutral Fed Funds Rate.  
Although the Fed Funds Rate doesn't directly affect 30yr-fixed mortgage rates, the latter tend to respond to changes in the Fed's rate hike outlook.  In other words, if investors see the Fed as being less likely to hike in the future, longer-term interest rates can fall in the present.  That's essentially what happened today.  

The improvements are big enough to entice risk-averse borrowers to lock in the gains.  From a momentum perspective, more risk-tolerant borrowers might feel a bit more optimistic about interest rates generally finding a ceiling at recent highs, but risks remain, both from the rest of this week's data as well as next week's European Central Bank announcement.  Bottom line: there's slightly more reason to be optimistic, but it's not quite time to abandon caution in light of the recent rate spike.
52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.08%4.07%+0.013.37%4.39%
15 Yr FRM3.35%3.34%+0.012.72%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.36%4.35%+0.013.47%4.60%
5/1 Yr ARM3.21%3.20%+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