Tuesday, August 1, 2017


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


 #1       West Creek Ranch, Gateway, Colorado with 22,000 sq.ft., 14 bedrooms, 
14 baths and 6,919 acres is listed for sale for $149,000,000.

Property Of

One of the most significant listings in the American West, West Creek Ranch, is a spectacularly diverse private land and estate property boasting one of the finest residences and land parcels in the world. Located in Mesa County, Colorado (approx. 6,412 acres) and in Grand County, Utah (approx. 507 acres), the many expanses of West Creek Ranch include four scenic and verdant parcels unlike any other in the West. The expansive property encompasses unique land formations including the soaring precambrian rock cliff walls of Unaweep Canyon, and expansive high plateau country that contains a stunning log cabin retreat and helipad, with magnificent views of the La Sal Mountains of Utah. In total, the residential structures of West Creek Ranch (including the main residence, guest house, stables, and Sky Mesa cabin) contain a total of 14 bedrooms, 12 full baths, and 2 half baths.
On-ranch treasures include a bear and mountain lion habitat, real dinosaur footprints, and the historic ruins of Driggs Mansion. The main residence features exquisite finishes and craftsmanship throughout more than 22,000 square feet of indoor living space that includes eight bedrooms and eight bathrooms on four levels, an 800-pound capacity elevator servicing all four levels, a great room, formal dining room, breakfast room, chef’s kitchen, spacious study with panoramic views, art studio, theater room, game room, gym, staff quarters, pool and spa, four water fountains, six fireplaces, a two-level circular stone library, interior marble archways and columns, modern and efficient geo-thermal heating and cooling, an emergency power generator, a five-car garage, a helipad, and all furnishings. Also included are irrigated equestrian and bison pastures, fishing ponds, a grass airstrip and hangar, helipad, stables, astronomical observatory, and trout stream.
West Creek Ranch is conveniently accessed by nearby Grand Junction Regional Airport and is located in close proximity to Gateway Canyons Resort & Spa, which affords the owner access to dining, spa, pools and other amenities of a resort voted in 2016 by Travel + Leisure readers as the “Best in the West”, and by Condé Nast Traveler as the #1 Best Resort in Colorado and #3 Best Resort in the U.S. The estate, and the four distinct land parcels included in the sale, are a collection of some of the most enduring and treasured natural geological wonders in the canyonlands of the American West, which, surrounded by natural open space, will be preserved for years to come.West Creek Ranch is an iconic and majestic treasure to be explored and discovered.
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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 $2,398,800. Brentwood home values have gone up 2.1% over the past year.  Zillow predicts they will igo down ( 0.3%) within the next year

The median home value in Malibu is $2,906,700.  Malibu home values have gone up 5.3% over the past year.  Zillow predicts they will increase 1.1% within the year.

The median home value in Bel Air, 90077 is $3,278,800  Bel Air home values have gone up 2.8% over the past year.  Zillow predicts they will go down  (-0.3) within the year.

The median home value in Beverly Hills 90210 is $4,895,000.  Beverly Hills home values have gone up 4.2% over the past year.  Zillow predicts they will increase 1.3%  within the 
next year.

#1      1141 South Carolwood Drive, Los Angeles, CA 90024 with 9 bedrooms, 10 baths and 12,201 sq.ft. is listed for sale at $180,000,000.
141 South Carolwood Dr, Los Angeles (City), CA 90077
This estate is easily one of the city's most iconic and historically significant properties. Designed by master architect, Robert D. Farquhar, the Italian villa spans over 10 acres and incorporates classic European design along with modern details left by its numerous legendary owners. The property's regal proportions and materials combined with its intricate moldings, marble fireplaces, hand-carved mantles, elegant crystal chandeliers, and ornate 24-gold carat bath fixtures set this home apart as the most coveted property in Los Angeles. In collaboration with world-class architects Meyer Davis Studio, KAA Design Group and Plus Development, plans have been developed to preserve the home's historic architectural integrity while redesigning it for modern living. Today, Owlwood stands at the crossroads between the city's architectural heritage and its future as the standard-bearer for modern estates in the Platinum Triangle.

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077
141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

141 South Carolwood Dr, Los Angeles (City), CA 90077

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 $423,300. Scottsdale home values have gone up 3.3% over the past year.  Zillow predicts they will increase 2.5% within the next year. 

The median home value in Carefree is $755,700. Carefree home values have gone up 5.3% over the past year.  Zillow predicts they will increase 2.9% within the next year.

The median home value in Paradise Valley is $1,612,400.  Paradise Valley home values have gone up 1.6% over the past year. Zillow predicts they will increase 2.2% within the next year.

#1      6042 East Via Los Caballos, Scottsdale, AZ 85253 with 4 bedrooms, 6 baths  and 9,023 sq.ft. is listed for sale at $2,850,000.
Luxurious resort living within this palatial Santa Barbara style home located in Country Club Estates on the beautiful Camelback Golf Club. The unique architecture and glamour of the home makes it sophisticated yet timeless. Open and extremely classy, this masterpiece was built with either golf course or mountain views. Each room has access to the gorgeous grounds the home sits on. The unparalleled settings overlooking the gorgeous Camelback Golf Club are complemented by lavish & mature landscaping offering unsurpassed privacy. Only the finest and most exquisite combinations were used to complement the stunning, dramatic spaces for grand entertaining & glamorous living. Enjoy the breathtaking pool and magnificent entertaining space. This home is an entertainer's paradise!















Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $548,000. San Diego County home values have gone up 6.9% over the past year. Zillow predicts they will remain even 4.1% within the next year.

The median home value in Coronado is $1,475,900. Coronado home values have gone up 1.4% this past year.  Zillow predicts they will increase 3.7% within the next year.

The median home value in La Jolla, 92037 is $1,486,900. La Jolla, 92037 home values have gone up 2.5% this past year.  Zillow predicts they will increase 2.8% within the next year.

The median home value in Solana Beach 92075 is $1,307,200. Solana Beach 92075 home values have gone up 4.4% this past year. Zillow predicts they will rise 3.7%% within the next year.

The median home value in Del Mar 92014 is $1,605,100 Del Mar home values have gone up 1.3% over the past year.  Zillow predicts they will increase 3.3% within the next year.

The median home value in Rancho Santa Fe is $2,636,800. Rancho Santa Fe home values have increase 1.1% over the past year and Zillow predicts they will increase 1.3% within the next year.

#1      1020 Prospect Street, #202, La Jolla, CA 92037 with 2 bedrooms, 3 baths and 2000 sq.ft. is listed for sale at $6,205,000.
The awe-inspiring Model Residence is now ready to tour. Initially conceptualized and designed by famed architects Ladd & Kelsey, the renovation of this classic icon preservesthe integrity of the architects' original modernist vision while elevating the property to a whole new level that meets the expectations of modern luxury. Every element of Muse's airy interiors have been thoughtfully considered to design the ultimate trophy property worthy of the most discerning buyers. The extraordinary attention to detail illuminates a bespoke sophistication and creates a striking canvas for superlative interior materials and finishes.Soaring 10'-12' ceilings, expansive window walls allow for panoramic view corridors of the ocean, Mount Soledad, La Jolla Village,Prospect Street, and Girard Avenue resulting in experiential moments throughout the living spaces.*Permanently Protected Ocean Views *Expansive Stacking Slider Window Walls Opening the Residences to the Ocean for the Ultimate Indoor/Outdoor Living Experience *Dramatic 10 to 12 foot Ceiling Heights *Open Floor Plans with "Gallery" Walls *Bookmatched Taj Mahal Granite Full Height Signature Kitchen Wall *Pininfarina White Acrylic Designer Kitchen Cabinetry *Alpine White Quartz Slab Countertop and Island *Miele Appliances and Coffee System *Temperature-controlled Walk-in Wine Rooms & Bar with Book Matched Taj Mahal Granite Wall *Gracious Entry Foyers *









Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,204,700. San Francisco 
home values have gone up 7.2% over the past year.  Zillow predicts they will decrease by 1.6% within the year.

The median home value in Sausalito is $1,271,200. Sausalito home values have gone up 5.7% over the past year. Zillow predicts they will rise 1.5% within the next year. 

The median home value in Tiburon is $2,468,800. Tiburon home values have gone up 3.7% over the past year.   Zillow predicts they will rise increase 0.8% within the next year. 

The medium home value in Saratoga is $2,471,300.  Saratoga home values have gone up 4.6% this past year.  Zillow predicts they will increase 1.0% within the next year. 

The median home value in Atherton is $6,406,300. Atherton home values have gone up 8.5% over the past year and Zillow predicts they will increase 1.5% within the next year.

#1      40 Montana Lane,  Menlo Park, CA 94025 with 4 bedrooms, 3 baths 
and 3,230 sq.ft. is listed for sale at $3,789,889.
Everyday Elegance on Prime Cul-De-Sac. Nestled within a desirable cul-de-sac setting, this fantastic 4 bedroom, 3 bath custom home of over 3,200 sq. ft. (per county) teems with exquisite amenities and occupies a lot of 13,300 sq. ft. (per county). The gracious floorplan freely flows from room to room, enabling warm, easy living. Rich, light-filled spaces include a gourmet kitchen, luxurious dining and great rooms with a two-sided fireplace, and a posh master suite. French doors open to restful outdoor entertaining areas that showcase a fire-pit and extravagant landscaping. Live within moments of everyday amenities, vibrant downtown Menlo Park, Sand Hill offices, sought-after schools, and Stanford University.













Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in Kirkland is $677,400.  Kirkland home values have gone up 18.2% over the past year.  Zillow predicts they will rise 8.7% within the next year.

The median home value in Seattle is $682,300. Seattle home values have gone up 15.2% over the past year. Zillow predicts they will rise 7.0% within the next year.

The median home value in Bellevue is $833,800. Bellevue home values have gone up 156.2% over the past year. Zillow predicts they will rise 8.0% within the next year. 

The median home value in Mercer Island is $1,410,600, Mercer island home values have gone up 11.1% over the past year.  Zillow predicts they will rise 6.9% with the next year.

The median home value in Clyde Hill is $2,480,800. Clyde Hill home values have gone up 13.9% over the past year. Zillow predicts they will rise 7.5% within the next year.

The median home value in Medina is $2,590,300. Medina home values have gone up 15.1% over the past year and Zillow predicts they will rise 7.4% within the next year.

#1       7400 East Mercer Way, Mercer Island, WA 98040 with 4 bedrooms, 4 baths and 4,360 sq.ft. is listed for sale at $3,650,000.

Stunning, contemporary waterfront retreat. This immaculate home is move in ready! Manicured lawn leads to 68 feet of waterfront with a private dock facing the Seahawks training facility. 3 levels of beautiful outdoor living spaces in this Chaffey home including 2 covered waterproof decks and a lakefront patio that is perfect for entertaining. Epicurean kitchen with high end finishes and appliances. Private upper level master suite with stunning views.














               ..



Today's Top Real Estate News  
June Pending Sales Increase the First in Four Months 
Jul 31 2017, 11:35AM

By Jann Swanson
Mortgage News Daily

Pending home sales recovered from a three-month swoon in June, increasing 1.5 percent in June.  The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) rose to 110.2.  NAR also revised the May PHSI up slightly, from 108.5 to 108.6.
The index in June was 0.5 percent higher than a year earlier.  NAR said it was the first time the Index ran higher on an annual basis since last March.

The Index is a forward-looking indicator based on contracts for existing home purchases. Those contracts are generally expected to result in completed transactions in about two months.

Analysts were expecting an increase in contract signings, although at a more modest level.  The index came in at the top of predictions from those polled by Econoday which ranged from 0.3 to 1.5 percent. The consensus was 0.9 percent.

Lawrence Yun says, the June recovery, which was felt in all regions except the Midwest, is a welcoming sign. "The first half of 2017 ended with a nearly identical number of contract signings as one year ago, even as the economy added 2.2 million net new jobs," he said. "Market conditions in many areas continue to be fast paced, with few properties to choose from, which is forcing buyers to act almost immediately on an available home that fits their criteria."

NAR's chief economist added, "Low supply is an ongoing issue holding back activity. Housing inventory declined last month and is a staggering 7.1 percent lower than a year ago." 

He does note that there could potentially be a sliver of increased hope in the months ahead for prospective first-time buyers, who continue to struggle reaching the market. Sales to investors last month were the lowest of the year (13 percent), which helped push all cash transactions to 18 percent - the smallest share since June 2009 (13 percent). 

Yun said that the ongoing increase in home prices seen in many areas along with the decreasing number of homes for sale at bargain prices are forcing some investors to step away from the market. "Fewer investors paying in cash is good news as it could mean a little less competition for the homes first-time buyers can afford. However, the home search will still likely be a strenuous undertaking in coming months because supply shortages in most areas are most severe at the lower end of the market."

Yun has slightly altered his predictions for existing home sales as we head into the second half of the year, He now expects them to finish around 5.56 million, down from his June prediction of 5.63 million, a 2.6 percent increase from the 5.45 million in sales last year, rather than his earlier 3.2 percent estimate.  The national median existing-home price is expected to increase around 5 percent in 2017. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

The PHSI in the Northeast inched forward 0.7 percent to 98.0 in June, and is now 2.9 percent above a year ago. In the Midwest, the index decreased 0.5 percent to 104.0, a 3.4 percent year-over-year decline.  

Pending home sales in the South were up 2.1 percent and 2.6 percent compared to May and to June 2016, to an index of 126.0.  The index in the West grew 2.9 percent in June to 101.5, but is still 1.1 percent below a year ago. 

The Pending Home Sales Index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.
Today's Mortgage Rates
Mortgage Rates Modestly Lower Despite Flat Markets
Mortgage rates moved modestly lower today, despite an absence of improvement in underlying bond markets.  Rates typically rise in this scenario, but this pattern has been more and more common recently.  It's nothing too scandalous--or even terribly interesting.  Lenders are simply less eager to follow every little juke and head-fake in bond markets when things have been so flat in the bigger picture.  The summertime phenomenon only adds to the apathy.  

The net effect is that lenders often find themselves with the need to adjust prices based on bond market movement in the previous business day.  In the current case, that means lenders are getting caught up with Friday afternoon's bond market improvement, thus allowing for lower rates on a day where bonds are technically weaker.

The coming days bring increasingly important economic reports.  These have the power to create more market movement than we saw at the end of last week and thus, a bigger change in mortgage rates, for better or worse.  For now, things have been holding exceptionally steady with an average top tier 30yr fixed rate of 4.0%.

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.02%4.04%-0.023.37%4.39%
15 Yr FRM3.31%3.33%-0.022.72%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.32%4.33%-0.013.47%4.60%
5/1 Yr ARM3.17%3.17%--2.80%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