Friday, July 21, 2017


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

 

#1          1422 West Buttermilk Road, Aspen, CO 81611 with 6 bedrooms, 9 bath 
and 9,629 sq.ft. is listed for sale at $21,900,000.
Brand new construction! One of the most extraordinary homes to be offered in Aspen. With contemporary lines and stunning views of the Owl Creek Valley, Buttermilk and Snowmass, this spacious 6-bedroom, 6-bathroom retreat features numerous indoor/outdoor living spaces and high-end finishes, just minutes away from Aspen. This architecturally significant property has an open floor plan with soaring ceilings, massive windows, and custom steel and glass railings. It is the perfect home for entertaining, with seamlessly connected patios and decks (including an outdoor living room), chefa(tm)s kitchen, separate dining room area, fire pit, wine room, wet bar, 3-floor elevator and large media/game room.











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 6.8% over the past year, Zillow predicts hey will increase 1.5% 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 increase 0.6%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 increase 0.9% 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  (-0.2) 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 increase 1.3%  within the next year. 

#1        626 N Camden Drive, Beverly Hills, CA 90210 with 6 bedrooms, 6 baths 
and 5,537 sq.ft. is listed for sale at $9,488,000.     
Stunning Traditional home in the heart of Beverly Hills Flats! Walled and gated with a circular driveway this stately home sits on a large corner lot close to 17,000 sf and has been impeccably maintained. Extensively remodeled 2014 this exquisite 6 bedroom, 5500+ sf home stays true to its original character and classic details that make it so special. Gorgeous peg & groove hardwood floors, detailed crown molding, formal foyer with sweeping curved staircase, elegant living room with fireplace, large formal dining room, paneled library with French doors, spacious kitchen, butler's pantry, breakfast rm and two downstairs bedrooms. Second level offers a spacious master suite with 3 additional family bedrooms and baths. Fabulous lush backyard with tall surrounding trees & hedges, bamboo garden, koi pond, waterfall, large brick patio, grassy lawn, spa and gracious pool. Updated guest house (not included in square footage) with connected 3-car garage complete this magnificent package. An amazing offering not to be missed! 













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 increase 1.4% 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 increase 2.5% within the next year.


The median home value in Paradise Valley is $1,611,700.  %home values have gone up 1.0% over the past year. Zillow predicts they will increase 1.3% within the next year.

#1       6220 East Northern Avenue, Paradise Valley, AZ 85253 with 6 bedrooms, 
6 baths and 6,036 sq.ft. is listed for sale at $3,200,000.
Quality built at the base of Mummy Mountain, over 1 acre lot with mountain views, formal living and dining room with stone fireplace, opening to private backyard, luxurious master suite with fireplace opens to patio, extensive tile work in masterbath, his/hers closets and vanity, gourmet eat-in kitchen with wolf and subzero appliance, double dishwashers, breakfast bar, large pantry, butler's pantry with built-in wine cooler, large family room with surround sound, wet bar, cooler, and stone fireplace, wide plank walnut wood floors, bedrooms with en suite bath, den/music room, bonus room can be used as game room, large covered patio with pavers throughout allows for many seating areas, true multi-zoned a/c system, energy efficient appliances, built-in bbq, heated pool/spa, outdoor shower,














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 6.5% over the past year. Zillow predicts they will remain even 4.2% 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 increase 3.3% within the next year.

The median home value in Solana Beach 92075 is $1,284,100. 
Solana Beach 92075 home values have gone up 4.9% this past year. Zillow predicts they will rise 3.7%% 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 increase 4.0% 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 -(0.7)% within the next year.

#1       5212 Chelsea Street, La Jolla, CA 92037 with 6 bedrooms, 8 baths 
and 9,1000 sq.ft. is listed for sale at $11,800,000.
Contemporary world class estate on the Pacific oceanfront in La Jolla, California. Enjoy year round entertainment from the spectacular vantage point of multi-level decks, pool and spa. Soaring glass walls are sited to take in the stunning ocean view, nearby islands and famed southern coastline. This oceanfront Manse boasts a grand entry foyer with open great room, formal dining, breakfast room and gourmet kitchen along with 6 en-suite guest rooms, gym, sauna, home theater and office/library. Housekeeping staff quarters have separate entrance from street, elevator to all floors including the incredible roof-top party 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 5.5% over the past year.  Zillow predicts they will decrease by 1.5% within the year.

The median home value in Sausalito is $1,256,800. Sausalito home values have gone up 3.5% over the past year. Zillow predicts they will rise 2.0% within the next year. 

The median home value in Tiburon is $2,479,000. Tiburon home values 
have gone up 3.1% over the past year.   Zillow predicts they will rise increase 1.5% 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 increase 1.7% 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 increase 1.8% within the next year.

#1        25721 La Lanne Court, Los Altos Hills, CA 94022 with 6 bedrooms, 7 baths 
and 8,434 sq.ft. is listed for sale at $10,000,000.
A masterpiece! Magnificent estate in Los Altos Hills. Custom kitchen, beautiful wine cellar, state of the art theater-room, elevator and gorgeous grounds make this home truly one of a kind. This home was recently recognized for its spectacular Kyoto inspired gardens by Los Altos Town Crier and is featured in the new movie The Valley. Don't miss out on this once a in life time opportunity to make this your home. 
















Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in Kirkland is $665,900.  Kirkland home values have gone up 17.8% over the past year.  Zillow predicts they will rise 8.0% 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 7.3% 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 7.4% 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 6.7% 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 6.8% 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 7.0% within the next year.

#1       1824 Broadmoor Drive East, Seattle, WA 98112 with 4 bedrooms, 5 baths 
and 6,660 sq.ft. is listed for sale at $5,950,000.
Mediterranean jewel designed by Stuart Silk and custom built in 2009. Stucco walls, red tile roof and wrought iron grillwork. High beamed ceilings, wide plank floors and arched windows and doors. Dramatic 2-story entry with winding staircase. Large living room with verdant fairway vistas and French doors to stone terrace and yard. Gorgeous kitchen, family room,  library and 4 en suite bedrooms, including fabulous master suite.  4 fireplaces media/rec room with wet bar all on lovely grounds.












Today's Top Real Estate News

US Homes Are Now More Valuable Than Ever


By Diana Olick
CNBC

  • The median value of all homes in the United States in June was more than $200,000, according to Zillow.
  • The reason behind the rise in those values is simple: short supply.
  • The inventory of homes for sale was down more than 11 percent in June from June 2016, according to Zillow.

US homes are now more valuable than ever


A home is only worth what someone is willing to pay for it, and apparently, that tab just hit its highest level in history.

The median value of all homes in the United States in June surpassed $200,000, up 7 percent from a year ago, according to Zillow, a real estate listing company.

Valuing homes nationally is a tricky business because so many factors play into that value, including location, condition, lot size, aesthetics, and, yes, even Feng Shui. And there is no shortage of economists and data companies and real estate sale sites offering their perspective on current home values.

The National Association of Realtors has reported the median sale price of a U.S. home at well over $200,000 for more than a year, but that measure reflects only homes sold, not every house in every neighborhood that exists in America.

That sale price has shifted higher not just because of inherent home value but because of the mix of homes selling. Currently, more expensive homes are selling because there is a severe shortage of low-priced starter homes for sale. Higher volume on the pricier end shifts the median higher. If rental landlords suddenly dumped a few million low-priced homes on the market, and they sold fast, that median would shift lower immediately.

Zillow's index is factoring in all homes, not just homes that recently sold, although that is the basis for comparison.

"When we train our models, we observe the sales that actually happen, and then we're able to extrapolate that information to price every other home," said Svenja Gudell, Zillow's chief economist. "You take the characteristics of the house and use that to price the home." (It's called a "hedonic" pricing index, if you really want to know.)

Pedestrians pass in front of residential buildings in the KB Home Glencroft neighborhood of Cary, North Carolina.

Pedestrians pass in front of residential buildings in the KB Home Glencroft neighborhood of Cary, North Carolina.

Zillow has come under plenty of fire for its so-called "Zestimates," with some homeowners claiming inaccurate readings are hurting their home values. So, is it absolutely precise? Of course not.

"Sometimes they'll be off by a lot and sometimes by a little bit, but the really nice part for a consumer identifying the overall trend in the market is that our estimates are unbiased," Gudell said. "They're just as likely to be high as they are to be low. You just want to see what home values are doing over time."

Estimating values is complicated, but the reason behind the rise in those values is simple: short supply. The inventory of homes for sale was down more than 11 percent in June, year over year, according to Zillow, with steeper drops in big markets like San Francisco (minus 26 percent), Minneapolis-St. Paul (down 30 percent), Washington, D.C. (down 20 percent) and Seattle (minus 24 percent).

"The national housing market remains red hot and shows no signs of slowing, even as some local markets like the Bay Area have noticeably cooled," Gudell said. "But even in areas where the housing market has slowed, home values are at or very near peak levels, selection is limited, demand is high and competition is fierce."

Supply is keeping price gains in the double digits in several major metropolitan markets, and others that used to be affordable are no longer. Dallas, which has good supply of homes for sale, is seeing home values more than 10 percent higher compared with a year ago because of an increasingly strong local economy and job market. In contrast, Baltimore, which saw a big drop in inventory ( minus 21 percent) is only seeing values about 4 percent higher because of a weaker local economy.


Today's Mortgage Rates
Mortgage Rates Hold 3-Week Lows After Central Bank Announcements 
Jul 20 2017, 5:59PM

Mortgage rates held relatively steady today, keeping them in line with the lo
west levels in more than 3 weeks.  There was relatively little market movement in response to the policy announcement from the European Central Bank (ECB).  That's a good thing considering much of the recent gains in rates can be attributed to traders growing more optimistic about the ECB's stance.

To put all this in plain English, the ECB buys bonds.  This puts downward pressure on rates around the world (more so in Europe than in the US, but we still get some indirect benefit).  There was some concern at the end of June that the ECB was getting closer to announcing it would buy fewer bonds.  While that day will likely come eventually, today's announcement assures markets that it hasn't been discussed yet.

The relatively calm reaction in bond markets (and the absence of changes in lender rate sheets) suggests traders were already in position for this event and may be increasingly tuned out until next week.  For now, the short-term trend is positive, but we haven't been able to improve much past current levels.  Risk-averse borrowers should increasingly consider locking while risk-tolerant borrowers should simply remain on-guard for a reversal next week. 

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.03%4.03%--3.37%4.39%
15 Yr FRM3.32%3.32%--2.72%3.61%
FHA 30 Year Fixed3.70%3.70%--3.15%4.10%
Jumbo 30 Year Fixed4.32%4.32%--3.47%4.60%
5/1 Yr ARM3.20%3.19%+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