Thursday, July 27, 2017


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

#1       7505 Makena Road, Kihei, HI 96753 with 8 bedrooms, 8 baths and 10,500 sq.ft. is listed for sale at $26,995,000.
Maui Custom Estate.  Simply stated, one of the most beautifully custom detailed homes to ever be built on the island. The home perched on a lushly landscaped 1-acre parcel of land entertains endless Pacific Ocean views. With 8 bedrooms and more than 10,000 sq. ft. of interior living, one can enjoy the true essence of Hawaiian indoor-outdoor living. The main home features a plethora of custom wood detailing, fountains, ponds, movie theatre, ocean views with privacy. An additional pool house provides more bedrooms, a full kitchen and a living room to enjoy Makena's great weather while lounging around the resort-like setting. In the evening, an outdoor theatre rises from the pool deck, allowing for some of the most epic private cinema opportunities a residence can offer. A large entertaining venue with nearly 4,000 sq. ft. of deck and outdoor furniture can accommodate large parties under the stars. Capping off this truly one of a kind property is a 6-car garage and caretaker's quarters. The photography helps to tell the story of this beautiful estate. 

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       533 Via De La Paz, Pacific Palisades, CA 90272 with 6 bedrooms, 6 baths 
and 6,601 sq.ft. is listed for sale at $5,995,000.

This beautifully crafted Clark Remington, Cape Cod is perfectly sited between the bluffs and the village on one of the Palisades' most coveted streets. In addition to its 6 beds & 5.5 baths, the home has a spectacular cook's kitchen w/ Pro Viking & Sub-Zero appliances, 2 dishwashers, warming drawer, butler's station, wine fridge & a lovely mix of marble & wood surfaces. On the main floor is an office, formal living & family rooms w/ coffered ceilings & elegant wood details. The luxurious master suite w/ its balcony overlooking the backyard has access to a rooftop deck w/ ocean views & sublime sea breezes. The basement is bathed in natural light w/ 2 guest suites, gym, theatre & massive entertaining area w/ wet-bar. In the backyard, a gorgeous salt water pool w/ cascading spa offers quintessential California living. This highly intelligent home is equipped w/ a home automation system, is wired for sound w/ additional features that include a central vacuum & water filtration system

533 Via De La Paz, Pacific Palisades, CA





533 Via De La Paz, Pacific Palisades, CA






533 Via De La Paz, Pacific Palisades, CA



533 Via De La Paz, Pacific Palisades, CA
533 Via De La Paz, Pacific Palisades, CA
533 Via De La Paz, Pacific Palisades, CA

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       4614 North Alta Hacienda Drive, Phoenix, AZ 85018 with 7 bedrooms, 8 baths and 7,500 sq.ft. is listed for sale at $2,950,000.

    This is the one you have waited for so long. Look no further than this Iconic Fully FURNISHED 1930 Adobe Estate on 2.34 Acres adjacent to the Phoenician Golf Course. 3 separate homes on site and one outstanding studio that could be converted into a 6 car garage. 3800 sq ft 2015 Updated Main home offers 2 suites, great room, formal dining rm, media rm, gourmet kitchen, wine room & roof deck. 2800 sq ft 2016 Updated Guest house offers 4 bdrms, 3 bths, kitchen, living & dining rm. 900 sq ft 2015 Updated Guest CASITA offers 1 bdrm, 1 bth, great room, kitchen. 850 Sq ft 2015 Updated Studio is perfect to transform into a 6 car garage, welding studio or _____??? Meander the gardens or take in views of the sunsets or city lights from multiple patios. Perfect home for extended family, AIRbnb opportunity, or corporate retreat. Unsurpassed Workmanship includes: heritage tile floors, wood beamed ceilings, column roofing, azul blue imported Mexican tile, and so much more to delight your senses. Once you enter you will not want to leave! 











    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       4215 Rancho Las Brisas Trail, San Diego, CA 92130 with 6 bedrooms, 9 baths and 10,390 sq.ft. is listed for sale at $6,595,000.
    4215 Rancho Las Brisas Trl, San Diego, CA 92130
    This elegant estate has the fine workmanship expected from a Greg Agee and Susan Spath designed home, known as San Diego's top builder and designer. Located on the West side of Rancho Pacifica with only five homes in the vicinity this home makes wonderful use ofseveral outdoor living spaces with retractable doors and a vanishing edge pool overlooking hillside views. The gated courtyard leads to a guest wing with an impressive stone balcony.High ceilings with subtle artistic tromp l'oeil accents and grand chandeliers grace this mostly one level home. A stunning movie theatre, wide halls and a dramatic staircase leads you to the loft and bar.The romantic master has it's own patio and jacuzzi. On the opposite end of the home is a large kitchen with views of the polo fields. The wine cellar is conveniently located adjacent to entertainment areas of the home. Live close to the beaches with easy commute to La Jolla, DelMar and the Airport, and enjoy mild year round climate in the prestigious guard gated community of Rancho Pacifica. 

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130

    4215 Rancho Las Brisas Trl, San Diego, CA 92130
    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       7199 Grove Street, Sonoma, CA 95476 with 4  bedrooms, 5 baths
     and 5,556 sq.ft. is listed for sale at $4,395,000.
    Evoking the casual sophistication for which California's Wine Country is world-renowned, this beautiful Sonoma Mountain estate offers the ultimate in serenity in a superb pastoral setting. The recently remodeled, open floor plan home combines a refined sensibility with laid-back charm. The property is perched on approx. ten acres and offers unobstructed stunning views of Sonoma Mt., Mt. Tam, San Pablo Bay and the San Francisco skyline. It is the ideal sanctuary for a family, the most discerning of guests and first-class entertaining.Among the wealth of amenities are four bedrooms, four full baths, spacious chefs kitchen with two dining areas and a living area, office, craft room, pool changing room, music/living room, large entry way and multi-purpose game room/TV room. Two lovely pergolas with ample patio space are perfect for entertaining, reading or relaxing, in addition to the expansive pool and Har-Tru clay tennis court.Multiple French doors provide access to the grand terrace, shaded by a vine-covered pergola. It features a built-in BBQ kitchen and outdoor fireplace, along with ample space for guests. On the west-side of the home, through a triple sliding glass door, a second patio seating area overlooks the pool and tennis court.The homes upper level provides a serene bedroom retreat, with the master suite as its showcase, featuring an intimate seating area, two walk-in closets and a tastefully appointed master bath with spa tub and dual sinks. A charming guest room with en-suite bath is ideal for visiting guests, while two adjoining bedrooms share a common full bath.The estate includes a recently built three-car garage/barn with ample storage. The mature gardens feature drought resistant plantings and trees as well as two chicken coops. The property is supplemented with a crystal-clear well, 10,000-gallon storage tank and two sets of out-of sight solar panels. Double-gated road access with hiking/equestrian trails completes this unique offering. 










    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       24809 Dockton Road SW, Vashon Island, WA 98070 with 5 bedrooms, 3 baths and 3,899 sq.ft. is listed for sale at $3,500,000.

    Sutters Castle a timeless Victorian waterfront estate on nearly 10 idyllic acres. Lawns, arboretum gardens, woodlands and 870 feet of shoreline surround this private, legacy property. Gracious 3-level home with 5 bedrooms, 2.25 baths, formal living and dining rooms, family room, solarium, and library. A west-view turret looks over Quartermaster Harbor. Gazebo with stairway leads to an enchanting setting at waters edge. 1350 sq ft caretakers cottage with studio on separate, included parcel.








    Today's Top Real Estate News   

    This house had 22 offers. Here’s why the owners didn’t take the highest.

    By Diana Olick
    CNBC

    Image result for real estate sale pending signs
    • The national median price of a home sold in June hit a record $263,800, according to the National Association of Realtors.
    • The average number of days a listing took to go under contract fell to just 28, down from 34 a year ago.
    • Lenders are far more careful with appraisals now than they were during the last housing boom. In turn, appraisers are being very cautious with the current price run-up

    Real estate agent Laura Barnett put a Dallas-area house on the market three weeks ago and quickly received 22 offers, but she did not take the highest offer. Instead, she took the cash offer because that was the only way to ensure the sale would go through.
    Sales and prices are moving so quickly in Barnett's market that appraisals are not keeping up. If the appraisal doesn't match the contract price, the buyer doesn't get the mortgage, and the deal dies.

    "They're kind of putting a glass ceiling where we can't raise our prices any higher than we have comps to support it, so we're definitely going with more cash offers than we used to," said Barnett, an agent at RE/MAX DFW Associates.

    The national median price of a home sold in June hit $263,800, a record, according to the National Association of Realtors. In addition, the average number of days a listing took to gounder contract fell to just 28, down from 34 a year ago.

    "Anytime prices move up fast, the actual appraisal process, because they're looking back in history, not forward into the future, they are lagging behind," said Lawrence Yun, chief economist at the Realtors group. "From the buyer's perspective, it's a tough situation where they want to rely on the value of the home, on the appraisal, yet they know that if they decide to back away there are other buyers waiting to pounce."

    Lenders are now far more careful with appraisals than they were during the last housing boom. In turn, appraisers are being very cautious with the current price run-up.

    "They are being instructed that unless they have actual comps from past sales, they cannot go on just the fact that they've been given multiple offers. They have to have comps to support it," Barnett said.

    During the previous boom, just the opposite was happening. Appraisals were being inflated to push home prices higher, as investor-flippers sought big gains. The result was an epic housing crash that thoroughly spooked lenders.

    That history gives today's cash buyers, many of whom are investors flipping homes for a quick profit, a major advantage over mortgage-dependent buyers. Once again, they're pushing prices higher artificially, but this time they are doing it without the banks.

    Younger, first-time buyers, are often not only mortgage-dependent but also using low-down-payment loans, which tend to be underwritten more strictly. If the appraisal comes in even slightly under the contract price, the mortgage financing usually falls through.

    "The cash buyers always push out the first-time buyers," Yun noted.
    Another issue is simply the availability of appraisers. There are just not enough to handle the current market.

    "The appraisal industry is a candle burnt at both ends," said Ken Fears, director of housing, finance and regional economics at the Realtors group, in a recent blog post. "Regulation, an altered appraisal market structure, and compensation issues burden those currently in the industry, while poor incentives make it harder to grow the next generation of appraisers."

    With the supply of homes so tight across the nation, and some houses getting multiple offers in just a few days, the appraisal situation is unlikely to get any better. Cash has always been king in real estate, but today's youngest buyers appear to have less of it than previous generations. That will only add to the already tough competition for homeownership.

    Today's Mortgage Rates
    Mortgage Rates Steady to Slightly Lower After Fed
    Jul 26 2017, 5:06PM

    Mortgage rates were steady to slightly lower today, despite fairly substantial movement in underlying bond markets.  Bond prices ultimately do more to inform mortgage rates than anything else.  Prices moved higher today by an amount that would typically result in effective rates falling 0.03-0.05% depending on the lender.  But as it stands, the average lender is only 0.01% lower than yesterday's latest offerings.   

    Given recent volatility, it's not outside the realm of possibility that lenders are simply waiting to make sure the gains are still around tomorrow before they adjust rate sheets more aggressively.  This would fit with recent patterns of lender rate sheet movement lagging bond market movement.  

    As for today's market motivation, the lion's share of the movement happened after the Fed Announcement.  This is interesting because the announcement was very much in line with market expectations.  As such, traders could have simply been in a defensive stance and waiting to make sure the Fed didn't make any changes that would be unfriendly for bond markets.

    52 Week
    ProductTodayYesterdayChangeLowHigh
    30 Yr FRM4.05%4.06%-0.013.37%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 Fixed4.34%4.35%-0.013.47%4.60%
    5/1 Yr ARM3.19%3.22%-0.032.80%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