Saturday, July 15, 2017


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

#1        300 State Route 28, Crystal Bay, Nevada with 8 bedrooms, 11 baths 
and 16,232 sq.ft. is listed for sale at $75,000,000


Lake Tahoe's Crown Jewel is offered for sale for the first time. Built with creativity, ingenuity and love, Crystal Pointe is an epic lakefront masterpiece cradling the contour of the land on 5.14 secluded acres with two lakefront parcels. Embracing 525 feet of lakefront with four buoys and seasonal boat barge. The Main Residence has an attached Guest House, and Caretaker's Apartment with oversized 4-car garage. The magical Beach House completed in 2016 took ten years for just the permits. Totaling 8 bedrooms, 10 full and 2 half bathrooms in 16,232 square feet of magnificent living space with 13 fireplaces, 10 seat theater with 14' screen and 1,687 bottle wine cellar. Private gated drive, entry pavilion, two glass funiculars, magical gardens, ponds and waterfalls, level lawns. This estate is a wonder of the modern world.

          .300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402

300 State Route 28, Crystal Bay, NV 89402


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       550 Rialto Avenue, Venice, CA 90291 with 3 bedrooms, 4 baths and 4,740 sq.ft. is listed for sale at $10,950,000.

550 Rialto Ave, Venice, CA 90291

This sophisticated Windward Circle home designed by famed LA architect Frederick Fisher AIA sits on a rare double lot just seconds from Venice Beach and famed Abbot Kinney Blvd. Set behind a secure courtyard entry, this home, with extensive light oak flooring/cabinetry and illuminated by soft natural light, features a large combination living-dining room with corner fireplace, private library with extensive built-ins, gourmet kitchen with stainless counters, Wolf, Sub Zero and Miele appliances, family room and breakfast area all opening through expansive sliding glass pocket doors to two Zen style court gardens. Upstairs, anchored by a gallery of floor to ceiling bookcases, is a gracious master with dual-sided closet and sumptuous limestone bath with heated floor; a private guest suite with built-in; a bonus room; and separate alcove office space. This lot includes both 550 and 554 Rialto into a combined lot. 

550 Rialto Ave, Venice, CA 90291

550 Rialto Ave, Venice, CA 90291

550 Rialto Ave, Venice, CA 90291

550 Rialto Ave, Venice, CA 90291

550 Rialto Ave, Venice, CA 90291

550 Rialto Ave, Venice, CA 90291

550 Rialto Ave, Venice, CA 90291

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       5165 North 61st Street Paradise Valley, AZ 85253 with 4 bedrooms, 5 baths 
and 5,633 sq.ft. is listed for sale at $4,995,000

Situated on the Northeast slope of Camelback Mountain, this very exclusive collection of just seven hillside lots offers panoramic views of North Scottsdale stretching to Four Peaks and the McDowell Mountains. This custom designed estate includes two levels and a detached guest casita with impeccable views of the mountains and city lights. Fabulous ooutdoor area with patio extending the whole length of the house and lower level added for the pool and spa. There plenty of parking witha  three car garage attached to the main house and an additional garage atteched to the casita. New construction to be completed in 2018.









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       6285 Strada Fragante, Rancho Santa Fe with 4 bedrooms, 6 baths 
and 8,030 sq.ft. is listed for sale at $4,695,000.


This private single-story estate, recently refreshed with a glamorous interior effortlessly exudes the California lifestyle of indoor-outdoor living with a contemporary twist while offering a "livable" and less formal style and feel. Set among a fragrant orange grove located behind the protective gates in the exclusive enclave of the Bridges at RSF, the home spans 8,030 sqft centering around a sun-splashed courtyard with lush mature foliage and an oversized fireplace.














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       550 Davis Street  #20, San Francisco, CA 94111 with 3 bedrooms, 3 baths and 2,251 sq.ft. is listed for sale at $4,500,000.



Superb Sophistication in this Luxurious World Class SF Waterfront location w/Breathtaking Water & Bay Bridge Views! Stunning 2-Level Condominium located in the highly coveted Golden Gateway Commons has been magnificently refurbished w/the finest attention to every detail. Custom Thyssenkrupp Leather Interior Residential Elevator along with many Designer features thruout. Elegant Herringbone Wide Planked Hrwd Flrs, Custom Remote Roman & Conrad Shades, Pinpoint Rec'd Lighting, Surround Sound Electronic Media Hub, Calacatta White Marble Kitchen w/Thermador Ovens & Range, Custom Carrara Marble Waterworks BA's, Stunning Mstr Suite w/Beechwood Lined Walk-In Closets, 2 Add'l BD's, Private Laundry Rm & 2 Private Terraces + so much more! A must see! 

















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      1000 Shoreline, Bainbridge Island, WA with 5 bedrooms, 6 baths and 10,499 sq.ft. is listed for sale at $6,800,000.
Picturesque waterfront estate on Bainbridge Island offers panoramic views of Puget Sound & Olympic Mountains. The dramatic architectural design is reminiscent of Frank Lloyd Wright modernity. The natural light filled interiors highlight the exotic woods, stone, shipwrecked beams & fountains, among the other unique design features. This private oasis is nestled on 13 acres (5 tax parcels) of pristine Pacific Northwest property...the surrounding forest makes way to 372 ft. of private beach access.

Today's Top Real Estate News

Skimpy Listings Juicing Prices but Plaguing Sales 

By Jann Swanson
Mortgage News Daily

Redfin, the Seattle-based real estate company, says that the drought in listings that has affected the inventory of homes for sale marked its 21st month in June.  This is driving prices up and marketing time down, with each setting new records during the month.  The typical home found a buyer in 36 days, a day less than the record set in May.  More than a quarter, of homes that sold, 26.6 percent, did so above their list price, driving the average sale-to-list price ratio to a record high of 95.5 percent.



Redfin's estimate of annual home prices increases is in line with that of other companies that track them; a 7.3 percent gain from the previous June, to a median of $298,000. This is the highest since the company began tracking it in 2010.  Their estimate of the month-over-month gain was wildly different than others however, up 3.5 percent since May. 

Despite what is clearly a lot of buyer demand, home sales were only up 1.9 percent from June 2016. The tight inventories are playing a role here as well.

Compared to June 2016, there were 10.7 percent fewer homes on the market, representing a 2.5-month supply at the current rate of sales, the lowest in Redfin's seven year's of records and the seventh straight month of double-digit declines.  San Jose and Seattle each had less than a one-month supply. Homes came on the market at about the same rate as a year earlier.

"This market is unlike any we've ever seen before," said Redfin chief economist Nela Richardson. "Month after month, new records are set for the pace at which homes are going under contract. Demand continues to swell while supply troughs.  For buyers competing in this market, it's survival of the fittest. The strongest offers that are most likely to close quickly and smoothly rise to the top of the pile."

Among metropolitan areas there were three, Denver, Seattle, and Portland, Oregon, where the median time for a home to be on the market was one week.  Grand Rapids and Boston followed at eight and nine days respectively.

The three most competitive markets during June were in California.  In San Jose 73.7 percent of homes sold above list price. San Francisco followed at 70.6 percent and Oakland at 69.8 percent.

Prices rose fastest in Fort Lauderdale, up 15.6 percent; Nashville, with 14.0 percent appreciation, Seattle and Tacoma, up 13.5 percent and 12.2 percent respectively, and Deltona, Florida with a 12.1 percent increase.  

Two metro areas, Greensboro, North Carolina and Tulsa had price declines, 1.2 percent and 0.3 percent respectively.

Home sales surged in Poughkeepsie, New York by 42.6 percent on an annual basis, dwarfing the second-place sales growth of 23.1 percent in Camden, New Jersey. Ten of 89 metros had annual increases in the double digits.  At the other extreme, sales fell decisively in two other upstate New York areas; down 26.9 percent in Buffalo, and 21.2 percent in neighboring Rochester.Redfin's report on the current sales environment was written by Alina Ptaszynski. 

Today's Mortgage Rates

Mortgage Rates End Week at Best Levels

Mortgage rates are experiencing increased volatility at the end of this week, which was to-be-expected given the calendar of events and economic data.  Fortunately, the volatility worked in favor of lower rates this morning after Retail Sales and a key consumer inflation report both came in lower than expected.  In general, weaker economic data coincides with rates moving lower.  Investors are particularly interested in inflation data at the moment as it seems to be the Fed's biggest hang-up when it comes to removing "accommodation" (a broad term that refers to the level of the Fed Funds Rate and the Fed's bond buying policies).  

A removal of accommodation could take the form of a Fed rate hike or a decrease in the amount of bonds the Fed is currently buying as a part of its reinvestment policy.  The Fed has increasingly signaled that it will soon announce such a reduction, and they've already laid out the framework to do so.  Lackluster inflation data means the Fed is less likely to flip the switch on those plans in an upcoming meeting.  And the longer it looks like the Fed will continue buying the amount of bonds it's currently buying, the better rates will do, all other things being equal.  

All other things got less and less equal as the day continued.  The morning's rate sheets were the best of the week, but traders didn't want to be quite so exposed heading into the weekend. This can be thought of as a simple packing-up of the picnic basket for this particular day in the sun.  There may or may not be another picnic next week, but traders didn't want to leave their supplies out all weekend, just in case next week's weather isn't as conducive.

Bottom line: today's rates were indeed the best of the week on average, but many lenders adjusted back toward Wednesday's levels by the end of the day.  


52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.06%4.08%-0.023.37%4.39%
15 Yr FRM3.34%3.35%-0.012.72%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.35%4.36%-0.013.47%4.60%
5/1 Yr ARM3.22%3.21%+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