Tuesday, August 29, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

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


#1       345 Relay Road, Aspen, Colorado 81611 with 7 bedrooms, 9 baths 
and 9,926 sq.ft. is listed for sale at $22,500,000.



This recently completed Cottle Carr Yaw designed home is artfully positioned within the untamed rural landscape of Double Bar X Ranch. This family compound is surrounded by a natural orchestra of mountains, mature trees, sweeping meadows and rural ranch land, graced by a 17-acre nature preserve which follows along Maroon Creek for nearly a third of a mile.The three structures collaborate to create a synergistic alchemy of character and lifestyle. The main house features soaring ceilings with 360 degree views unparalleled in their various perspectives. Views to the East include one of the most unique and intimate views of Red Mountain, the Hunter Creek Valley and Independence Pass. The views to the river are impressive and inspiring.  

















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      1479 Carla Ridge, Beverly Hills, CA 90210 with 4 bedrooms, 5 baths 
and 4,267 sq.ft. is listed for sale at $12,750,000.

Extraordinary Trousdale Contemporary designed by Jon Mandl with spectacular city views. The architecture of this fabulous home delivers clean lines with walls of glass and Fleetwood doors throughout that seamlessly fuse to integrate interior and exterior spaces and offer the ultimate Beverly Hills lifestyle with ideal space for entertaining in grand style. Incredible pivot front door to formal entry and spacious formal living room with fireplace and walls of glass to stunning views. The naturallight enhances a stunning kitchen, dining area, and family room that combine for a magnificent great room. The kitchen is complete with long center island, quartz countertops, and professional Miele appliances. The exceptional master suite with large walk-in closet and luxurious bath with dual vanity, soaking tub, and steam shower. 3 additional bedroom suites. Yard is complete with patios, viewing pavilion, grass area, fire pit, and sparkling pool and spa, all overlooking the shimmering vistas. 







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 homevalue 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      5551 East Orchid Lane, Paradise Valley, AZ 85253 with 5 bedrooms, 6 baths and 7,018 sq.ft. is listed for sale at $3,500,000.

Exceptional classic Santa Barbara with extreme quality, 10 inch travertine moldings thruout---walk in Wine Vault- kitchen family room with 10 foot automated pocket sliding glass walls radius glass viewing windows, newly installed white quartsite counters oversized bedroom suites, second family area or study sectioin off the spectacular three bedroom guest-children's wing--large exercise or second office area -----Presidential office off the Master wing with an additional bedroom suite world class landscaped with huge mature trees and a fabulous pool, spa, and outdoor fireplace---4 car epoxy sealed garage floor and its own electronically gated motor court Extreme quality thru-out and a Mummy Mountain view that sits in the yard.












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     14104 Rancho Tierra Trial, San Diego CA 92130 with 5 bedooms, 7 baths 
and 8,114 sq.ft. is listed for sale at $4,395,000.


$200,000 in recent upgrades--your own beautifully updated resort in guard gated Rancho Pacifica, perfectly located between CV, RSF and DM! On one of the best-placed corner lots and locations within this manicured yet natural setting sits this true single-level estate on nearly one acre. Perfectly oriented for maximum benefit of the south- and west-facing orientation, a stunning display of grand design and resort-style living with its own lagoon-entry pool, spa and outdoor living and entertaining areas.



 















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       303 Vista Linda Drive, Mill Valley, CA 94941 with 5 bedrooms, 6 baths 
and 4,845 sq.ft. is listed for sale at $4,795,000.
Stunning spacious remodeled home w mesmerizing views over MV golf course. 5bdr/5.5 baths. Incredible setting w southern exposure. Gorgeous kitchen w center island, breakfast area, fam room, master suite w sitting room, high ceilings, hardwood floors, 2 fireplaces, skylights, wainscoting, wonderful large pool, ipe decks, bluestone patios, 2+ car attached garage, rare to find such a large beautiful house on a private lot so close to downtown MV.











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      4648 95th Avenue NE, Bellevue, WA 98004 with 4 bedrooms, 5 baths 
and 6,000 sq.ft. is listed for sale at $9,400,000.

More Than a Residence...4648 Yarrow Point is a gallery of life experiences, carefully created to reflect the owner's worldwide travels in a profound experience that tempts the senses. A signature collection of hand selected wall finishes and art pieces that capture the feel of each individual room. Lose yourself in the tranquility of 6100 sq. feet of waterfront living, situated perfectly on a 27,800 square foot expanse. An entertainer's paradise that will most assuredly leave your guest in awe.





Today's Top Real Estate News


There are no more low-priced homes

By Diana Olick
CNBC.com
  • Home prices are higher at virtually every price point, but the gains are biggest at the low end where demand is highest.
  • The median price of a home sold in July hit $258,300, the highest July price on record, according to the National Association of Realtors.
  • "On the lower end, there is virtually no property at a very low price level anymore," said Lawrence Yun, chief economist of the Realtors group

Sales of both newly built and existing homes fell unexpectedly in July, and while it's just one month's data, it may be a signal that the housing market has hit an insurmountable hurdle. It is just plain too expensive. Home prices are higher at virtually every price point, but the gains are biggest at the low end where demand is highest.

The median price of a home sold in July hit $258,300, the highest July price on record, according to the National Association of Realtors. The Realtors divide sales figures into six different price "buckets" in their monthly report. Sales in the range of $100,000 or below were down 14 percent compared with a year ago, while sales of million-dollar and higher homes jumped nearly 20 percent.

More telling is that at the start of 2013, when home prices were just beginning to bounce off the bottom of the housing crash, the share of homes sold above $500,000 was just 9 percent of all sales. Today that share is more than 14 percent. The share of lowest-priced home sales today is less than half of what it was then as well.

"On the lower end, there is virtually no property at a very low price level anymore," said Lawrence Yun, chief economist for the National Association of Realtors. "The same property has been moved up to a different price bucket just because the prices have been rising strongly, over 40 percent price appreciation in the past five years. We are not getting the transactions on the lower end because there is virtually no inventory on the lower end."


As housing affordability weakens, more buyers are left out in the cold

In the wake of the housing crisis, investors bought thousands of low-priced, distressed homes, putting a price bottom on the market but also removing lower-priced inventory. The expectation at the time was that if prices jumped, the investors would sell. For the most part, they did not. In fact, investors continue to buy properties, even at peak prices today because both the rental market and the market to flip these homes are so lucrative.

"As long as affordable homes come on the market — either from builders building homes or investors selling rental properties — buyers are likely to buy," wrote Realtor.com's chief economist, Danielle Hale, after the sales release. "The biggest challenges continue to be on the more affordable end of the spectrum, where sales are slipping; meanwhile, we saw sales gains at higher price points, where inventory is more plentiful."

Homebuilders are continuing to increase production and selling homes they haven't even built at a historically fast pace. They are not, however, putting up low-priced homes, even though demand there is high. They argue they cannot make the margins work, given the high costs of land, labor, materials and regulation. The median price of a newly built home recently hit a record high.

Home price gains are now accelerating again, and overheating in several major markets where supply is lowest. Inventory nationally has been falling for nearly three years straight and was down 9 percent in July compared with a year ago. The Realtors' housing affordability index recently fell to the lowest level since 2008, even as mortgage rates hover near record lows.

"The fundamentals of housing demand remain strong, led by solid job gains, faster household formations, and low mortgage rates," wrote Benjamin Ayers, senior economist at Nationwide in reaction to Thursday's sales report. "These suggest that existing home sales should move higher as the year progresses, although actual sales will likely be held back by  the lack of inventory."


Today's Mortgage Rates
Mortgage Rates Still at 2017 Lows
Aug 28 2017, 5:32PM


Mortgage rates held steady today, as the news cycle was dominated by Hurricane Harvey.  That's not to say that natural disasters prevent movement in mortgage rates, but in today's case, there simply wasn't much else to talk about.  An auction of 5yr Treasury notes helped bond markets improve slightly in the afternoon.  When bonds improve, rates tend to move lower, but only a few lenders adjusted mortgage rates lower in the afternoon.

The lack of movement continues to be just fine for the average borrower, considering rates are at their lowest levels since November 2016.  The most prevalent conventional 30yr fixed rate for to tier scenarios remains 3.875%.  The lock/float outlook has been similarly calm, with minimal consequences for poorly-timed floating or premature locking.  This will change at some point, but it's been the case for nearly 2 months now, and especially true of the past 2 weeks.
52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.94%3.95%-0.013.37%4.39%
15 Yr FRM3.22%3.23%-0.012.72%3.61%
FHA 30 Year Fixed3.50%3.60%-0.103.20%4.10%
Jumbo 30 Year Fixed4.22%4.23%-0.013.50%4.60%
5/1 Yr ARM3.19%3.20%-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 on FaceBook.