Monday, July 17, 2017


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


#1       800 Corte Madera Avenue, Corte Madera, CA 94925 with 7 bedrooms, 

14 baths and 13,635 sq.ft. is listed for sale at $25,000,000.



Iconic Bill Graham 11-acre (+/-) property only 10 (+/-) miles from S.F. with dazzling views of the SF skyline; Rock n roll history was made here! Designed by renown green architect Sim Van der Ryn, this stunning modern estate has it all: pool, spa, water slide, huge lawn, cabana, music studio/home theatre, regulation racquetball court, and extensive organic gardens & orchard. Spacious 2-bd, 2-bath guesthouse. Why go to Napa, this is minutes away?



















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       2508 Novato Place, Palos Verdes Estates, CA with 5 bedrooms, 7 baths 
and 6,900 sq.ft. is listed for sale at $7,200,000.

 
This gorgeous estate with 6,900 SF of living space, panoramic ocean and city light views exemplifies luxury living at its best. This home features three levels of exquisite living space. The spectacular outdoor entertaining space will bring a smile to your face as you enjoy entertaining with the people you love. This Santa Barbara style Spanish home offers stunning ocean and city views and more. Enjoy the good life in this exquisite home w/ 5 BDs and 6.5 BAs.Welcome guests onto the main level featuring an elegant formal living rm, opulent dining, family rm w/full bar, and a guest en/suite fit for royalty. The spa/pool bath w/ shower/sit in sauna + steam rm all set the stage for relaxation in the backyard with refreshing pool, inviting fire pit, BBQ , and outdoor fireplace. A luxurious gourmet kitchen w/ top of the line appliances includes Viking range, 2 refrigerators + dishwashers, and large breakfast room. The wine cellar, media room and a car enthusiast's dream garage make the lower level a real "Man-Cave". This level has 2 en-suite bedrooms. Ascend the grand staircase to view the sunset from your fabulous master suite, w/ full office, incredible balcony and oversized deck showing off your ocean and city views from LA to Point Dume!Custom designed master closet and a jetted spa tub overlooking views complete this master retreat. The 5th en-suite is across the master bedroom and could be the nursery. Once you experience this magnificent property you will know you're home. 
















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       57 Biltmore Est, Phoenix, AZ 85016 with 3 bedrooms, 4 baths and 4,700 sq.ft. 
is listed for sale at $2,499,000.

This Santa Barbara home is located in the prestigious Biltmore Estates on the property of the WORLD FAMOUS Arizona Biltmore Hotel. RESORT STYLE living at its finest; highlights include heated pool/spa, lighted tennis court; putting green & exercise room. Within walking distance to the Arizona Biltmore Fashion Park. Shopping, Restaurants and Entertainment!














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       218 South Rios Avenue, Solana Beach, CA 92075 with 5 bedrooms, 4 baths 
and 3,520 sq.ft. is listed for sale at $3,995,000.

 
Meticulously built, coastal inspired 5 bedroom/4 bathroom home located steps to the Cedros Design District, beautiful beaches, and award winning schools. Beautifully landscaped oversized lot with detached 3 car garage, and large backyard entertaining area with pool/spa. Master mason crafted stone walls frame and accent the lush landscaping. Enjoy ocean expansive views from both levels. This is a rare opportunity to live on one of the best locations San Diego has to offer.
















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       1083 Dolores Street, San Francisco, CA 94110 with 5 bedrooms, 2 baths
and 4,458 sq.ft. is listed for sale at $4,575,000.


Grand, historic Queen Anne Victorian on coveted block close to shopping, restaurants and transportation! Award-winning restored facade w/turret, witch's cap, weather vane and portico. Exquisite greeting hall w/dramatic open-banister walnut staircase and skylight. Spectacular double parlor w/13' ceilings, remarkable stained-glass windows, pocket doors and pinewood floors. Impressive formal dining rm w/built-in china buffet, padded 'tapestry' walls, paneled wainscoting. Classic kit w/vintage six-burner gas stove and double oven, maple counters, handsome cabinets, breakfast rm and walk-out deck withdowntown views. 4 BR's up incl fabulous master bedroom with dressing rm. Billiards/familyroom, office, laundry room, 4 fireplaces. Walk-out landscaped backyard with patio.




















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       8641 NE 29th Street, Clyde Hill, WA  98004 with 5 bedrooms, 7 baths 
and 5,900 sq.ft. is listed for sale at $3,500,000.



This elegant, open concept masterpiece is situated on a generous 1/3+ acre on Clyde Hill's desirable north slope. Delightful vistas of Lake Washington, Seattle skyline and the Olympic Mountains. Rebuilt in 2007 with extraordinary fit and finish, the indulgent 5900 sq ft offers luxury and comfort for the ages. Generous room sizes, bedrooms with private baths on each floor, gorgeous kitchen, fabulous covered outdoor room, 4 car garage, media room, wine cellar. A truly exceptional home and value.
















Today's Top Real Estate News




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

 | 


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 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