Tuesday, July 25, 2017

Today's Best Mansionwww.todaysbestmansionsforsale.com



#1       405 Shoreland Drive SE, Bellevue, WA 98004 with 4 bedrooms, 8 baths 
and 11,520 sq.ft. is listed for sale at $26,800,000.

Bellalago on Meydenbauer Bay. Resting on over 2 12 acres of grounds, the estate sets its direct gaze upon Lake Washington, the Seattle skyline and the Olympic Mountains. Drawing inspiration from the best of European design, the residence was constructed with the highest level of finish and exceptional handcrafted details. Outdoors the expansive veranda, designed for entertaining, overlooks the swimming pool, 265 feet of private beachfront and private dock. Inspired. Luxurious. Exceptional.

It's lavish. It's huge. It's grand. It's expensive 











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    1088 North Hillcrest Road, Beverly Hills, CA 90210 with 4 bedrooms, 6 baths and 4,330 sq.ft. is listed for sale at $11,995,000.
Located behind gates on one of Trousdale's best streets, this beautiful modern estate has been completely rebuilt in every detail, chic and sophisticated. Situated on an exceptionally large 25,000 sf lot with expansive views from Beverly Hills to the ocean. Featuring a large motor court, high ceilings throughout, gourmet kitchen, a beautiful and luxurious master suite overlooking pool and views & featuring a huge walk-in closet and gorgeous master bath with book matched Calcutta slabs. Infinity pool & spa and great outdoor area for indoor/outdoor entertaining. Smart House Automation System.



hc07



hc08

hc01

hc02

hc12
.


hc03
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       10856 East Windgate Pass Drive, Scottsdale, AZ 85255 with 4 bedrooms, 5 baths and 7,620 sq.ft. is listed for sale at $5,395,000.
https://listing-images.homejunction.com/armls/20161019222807455246000000/photo_13.jpg
Immediately upon entering the Upper Canyon of the prestigious Silverleaf community, one can't help but notice this grand Formal Mediterranean estate. Sitting proudly on 3.84 acres, this 7,520 square foot home offers features so important to buyers in today's market: single story with no interior steps, city and mountain views, new, quality construction, expansive outdoor living spaces and transitional design style. Best news of all, construction completion in September. Touring this home, one can't help but appreciate the expansive, open floor plan flowing seamlessly to outdoor spaces. It truly fits the needs of most any buyer and is perfect for entertaining small or large groups or intimate family gatherings. An exceptional Silverleaf home!


Image result for 10856 east windgate pass drive, scottsdale photos


Image result for 10856 east windgate pass drive, scottsdale photos

Image result for 10856 east windgate pass drive, scottsdale photos





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        2014 Coast Blvd., Del Mar, CA 92014 with 4 bedrooms, 4 baths and 2,500 sq.ft. is listed for sale at $6,299,000
Coastal contemporary beach home with OCEAN VIEWS! Beautifully modernized inside and out with an effortless balance of style and comfort. Gated front entrance and charming secluded courtyard invite you to this private retreat. Features 4 Br + office, 4 spacious decks perfect for entertaining guests or soaking up the sun, a relaxing jacuzzi and temperature-controlled wine closet. Only steps away from the sandy beach, restaurants, shops and the race track. Offered FULLY FURNISHED. This one is a MUST SEA!








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        21 Hawthorne Avenue, Larkspur, CA 94939 with 5 bedrooms, 5 baths 
and 4,431 sq.ft. is listed for sale at $4,200,000.



Larkspur estate where family and lifetime memories are created!! Located just one block from downtown Larkspur, this historic estate is a place to call home. It's the place where all the kids come after school, the place where every holiday will happen. Its timeless presence holds steadfast and embraces the modern upgrades that have been thoughtfully completed without disruption of charm or character. 
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       1000 Waterfront Drive, Baiinbridge Island, WA 98110 with 5 bedrooms, 8 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   

Existing Home Sales Weakness Blamed on Same Old Problem
Jul 24 2017, 11:23AM

By Jann Swanson
Mortgage News Daily

Existing home sales slipped in June, with the blame again placed on low levels of inventory.  The decline in sales, announced on Monday by the National Association of Realtors® (NAR), was anticipated, as pending home sales have decreased in each of the previous three months, ticking down by 0.8 percent in May.

NAR said sales of existing single-family houses, townhouses, condos and cooperative apartments were down 1.8 percent in June, to a seasonally adjusted annual rate of 5.52 million units, the second slowest performance of the year.  The seasonally adjusted level in May was 5.62 million units.  June just managed to stay ahead of the sales pace in June 2016, bettering it by 0.7 percent. Only the Midwest saw an increase in sales compared to May.  

Analysts polled by Econoday had expected the June rate of sales to fall between 5.500 and 5.690 million units.  The consensus was 5.58 million.


Sales of single-family houses dipped 2.0 percent to a seasonally adjusted annual rate of 4.88 million from 4.98 million in May, remaining 0.6 percent higher than the 4.85 million pace a year ago.  Existing condominium and co-op sales were unchanged from a month earlier at a seasonally adjusted annual rate of 640,000 units which is up 1.6 percent from the previous June.

Lawrence Yun, NAR chief economist, says the pullback in existing home sales in June reflected the lull in contract activity in March, April, and May.  "Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that's straining their budget," he said. 

"The demand for buying a home is as strong as it has been since before the Great Recession. Listings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines."

Yun added, "The good news is that sales are still running slightly above last year's pace despite these persistent market challenges."

The median existing-home price for all housing types in June was $263,800, up 6.5 percent from June 2016 ($247,600).  This is a new peak price, surpassing the record set in May. June marked the 64th straight month of year-over-year gains.

The median existing single-family home price was $266,200 in June and the median existing condo price was $245,900. Those prices reflected annual increases of 6.6 percent and 6.5 percent respectively.

The number of available homes for sale slipped again during the month, down 0.5 percent from May to 1.96 million existing units. A year ago, the inventory was 2.11 million and it has now fallen year-over-year for 25 straight months. The unsold inventory is estimated at a 4.3-month supply at the current sales rate. A year ago there was a 4.6-month supply; NAR considers six months a "balanced" market. 

The tight supply of homes continues to be reflected in short marketing period. Properties typically stayed on the market for 28 days in June, one day more than in May, but six days fewer than in June 2016.  Short sales were on the market the longest at a median of 102 days in June, while foreclosures sold in 57 days and non-distressed homes took 27 days. Fifty-four percent of homes sold in June were on the market for less than a month. 

"Prospective buyers who postponed their home search this spring because of limited inventory may have better luck as the summer winds down," said NAR President William E. Brown.  "The pool of buyers this time of year typically begins to shrink as households with children have likely closed on a home before school starts. Inventory remains extremely tight, but patience may pay off in coming months for those looking to buy."

First-time buyers accounted for 32 percent of existing home sales in June, down from 33 percent the previous month and a year earlier, while individual investors purchased 13 percent, unchanged from a year ago. Fifty-six percent of investors paid cash for their purchases and cash sales made up 18 percent of total sales, down from 22 percent in May and in June 2016.  It was the lowest share for cash transactions since June 2009.

"It's shaping up to be another year of below average sales to first-time buyers despite a healthy economy that continues to create jobs," said Yun. "Worsening supply and affordability conditions in many markets have unfortunately put a temporary hold on many aspiring buyers' dreams of owning a home this year." 

Foreclosures made up 3 percent of sales and short sales 1 percent. The aggregate of distressed sales tied with last September as the lowest share in NAR's nine-year tracking history.

Sales in the Midwest posted the only regional increase, rising 3.1 percent to an annual rate of 1.32 million, the same level as a year earlier. The median price in the Midwest was $213,000, up 7.7 percent from a year ago.

The Northeast saw a 2.6 percent decline in sales compared to May, an annual rate of 760,000, and 1.3 percent higher year-over-year. The median price was $296,300, an annual increase of 4.1 percent.

There was a 4.7 percent decline in sales in the South, to 2.23 million, unchanged from June 2016. The median price in the South was $231,300, up 6.2 percent from a year ago.

Existing-home sales in the West declined 0.8 percent to an annual rate of 1.21 million but remain 2.5 percent higher than last June.  The median price in the West was $378,100, up 7.4 percent on an annual basis

Today's Mortgage Rates
Rates Begin Week Unchanged at July's Lows
Jul 24 2017, 4:23PM

Mortgage rates held steady today, which leaves them in line with the lowest levels in July.  In underlying bond markets (bond movement directly impacts lenders' rate offerings), it was an exceptionally quiet day--especially for mortgage-related bonds.  

Activity should increase somewhat as the week progresses.  That's a typical pattern for most weeks--all other things being equal (Mondays and Fridays tend to be slower)--but we'll also get events that tend to draw out more participation among traders.  The most obvious calendar item is the Fed Announcement on Wednesday.  

Keep in mind, there are two different varieties of Fed Announcements.  Of the 8 announcements each year, 4 of them are accompanied by a press conference with the Fed Chair, as well as economic projections.  Whether by design or otherwise, those meetings with additional events have elicited the most market movement.  This week is just a plain old announcement (i.e. no additional events).  This leaves the door open for rates to react to any political headlines that come from closed-door congressional testimonies over the next few days.  An absence of drama could make it hard for rates to break below their recent floor.


52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.00%4.00%--3.37%4.39%
15 Yr FRM3.29%3.29%--2.72%3.61%
FHA 30 Year Fixed3.65%3.65%--3.15%4.10%
Jumbo 30 Year Fixed4.28%4.29%-0.013.47%4.60%
5/1 Yr ARM3.19%3.18%+0.012.80%3.25%
Updated: 7/24/17 4:22 P


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