Thursday, August 31, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

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

#1        8383 Lone Palm Drive, Cambria, CA with 5 bedrooms, 8 baths 
and 8,700 sq.ft. is listed for sale at $20,195,000.



Casa Pacifica. Exquisite Ocean Front Dream Home approx 8700 sqft on 15 (+-) acres. Located next to Hearst Ranch preserve between Cambria and San Simeon on the Central Coast of California. 1000+ feet of sandy beach. Woodruff Construction highest quality home, all the amenities you could imagine, endless horizon views, totally private. Ag zoned, plant crops, garden, bring your pets, livestock, horses. Enjoy bluff top sunset walks. Nothing else like it on the Central Coast.      

















Today's Top LA Luxury Estate.



The median home value in Los Angeles County is $569,800. Los Angeles County home values have gone up 6.7% over the past year, Zillow predicts hey will increase 1.5% within the next year.

The median home value in Brentwood, 90049 is $2,384,700. Brentwood home values have gone up 1.3% over the past year.  Zillow predicts they will go down -0.6% within the next year

The median home value in Malibu is $2,915,000.  Malibu home values have gone up 5.9% over the past year.  Zillow predicts they will increase 0.7% within the year.

The median home value in Bel Air, 90077 is $3,253,200  Bel Air home values have gone up 3.3% over the past year.  Zillow predicts they will go down  -0.9 within the year.

The median home value in Beverly Hills 90210 is $4,910,000.  Beverly Hills home values have gone up 9.4% over the past year.  Zillow predicts they will increase 1.1% within the next year. 

#1      1015 Chautauqua Blvd. Pacific Palisades, CA 90272 with 7 bedrooms, 7 baths and 7,544 sq.ft. is listed for sale at $6,795,000.



Elegant custom built Clark Remington East Coast traditional is located near the highly anticipated Caruso Village, restaurants and schools.This stunning home will stand the test of time, with amazing attention to detail including high ceilings, crown moldings, wainscoting and custom built-ins by Brendan Cowman. This seven-bedroom, six-and-a half-bathroom home is an entertainer?s dream, with a gourmet kitchen offering designer finishes and top-of-the-line appliances, including two dishwashers, an oversized island, butler?s pantry, walk-in pantry and large breakfast area. The home also features an office, formal living and dining room and family room with French doors that lead to a private and lush backyard, complete with two patios, built-in BBQ and fountain. The spacious master suite includes a fireplace, terrace and oversized dual closets.There is a huge lower level with a game/media room, gym, two bedrooms and bonus rooms. And finally, a rooftop deck with tree top and ocean views! 













Today's Top Phoenix Luxury Estate 

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 Valleyhome values have gone up 1.6% over the past year. Zillow predicts they will increase 2.2% within the next year.

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 $424,700.Scottsdale home values have gone up 3.7% over the past year.  Zillow predicts they will increase 1.9% within the next year. 

The median home value in Carefree is $754,300. Carefree home values have gone up 6.6% over the past year.  Zillow predicts they will increase 2.2% within the next year.

The median home value in Paradise Valley is $1,611,300.  Paradise Valley home values have gone up 3.0% over the past year. Zillow predicts they will increase 1.2% within the next year.

#1      6702 East Paradise Drive, Scottsdale, AZ 85254 with 4 bedrooms, 5 baths 
and 5,267 sq.ft. is listed for sale at $2,295,000.

6702 E Paradise Dr, Scottsdale, AZ 85254


Designed and built to perfectly blend indoor/outdoor living. The centerpiece of this home is the open kitchen/living space with 2 commercial-grade, 48 ft sliding walls of glass opening to over 1500 sf of covered patio and the sparkling negative edge pool, a steel truss patio cover perfect for entertaining or family time. This sophisticated desert dwelling boasts unique design features at every turn. Gleaming concrete floors, great room w/ 16 ft high open ceiling with steel trusses. Barn doors w/ imported German hinge hardware, steel windows and doors, 15X15 island-granite w/ Waterfall sides. 8 ft solid doors with steel frames throughout and home automation system. View from all main living areas through a total of 77 ft of glass doors to a fully landscaped acre that includes a 1 bedroom 723 sq ft guest house with kitchen, Ramada with grape vines, raised garden beds, and mature fruit trees. See all the Features in the Documents tab. A truly unique CUSTOM home in a convenient 'heart of Scottsdale' location. 

6702 E Paradise Dr, Scottsdale, AZ 85254

6702 E Paradise Dr, Scottsdale, AZ 85254

6702 E Paradise Dr, Scottsdale, AZ 85254

6702 E Paradise Dr, Scottsdale, AZ 85254

6702 E Paradise Dr, Scottsdale, AZ 85254
Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $550,900. San Diego County home values have gone up 6.7% over the past year. Zillow predicts they will remain even 2.9% within the next year.

The median home value in Coronado is $1,510,700. Coronado 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 La Jolla, 92037 is $1,505,200.  La Jolla home values have gone up 5.6% this past year.  Zillow predicts they will increase 1.8% within the next year.

The median home value in Solana Beach 92075 is $1,2997,100. Solana  Beach home values have gone down - 0.2% this past year. Zillow predicts they will rise 2.1% within the next year.

The median home value in Del Mar 92014 is $1,607,200 Del Mar home values have gone up 1.9% over the past year.  Zillow predicts they will increase 1.2% within the next year.

The median home value in Rancho Santa Fe is $2,685,800. Rancho Santa Fe home values have increase 5.8% over the past year and Zillow predicts they will increase 0.6% within the next year.

#1      2211 Ocean Front, Del Mar, CA 92014 with 4 bedrooms, 5 baths and 2,750 sq.ft. is listed for sale at $8,450,000.

2211 Ocean Front, Del Mar, CA 92014

Nestled on the corner of 22nd St in Del Mar located just steps away from the sand, this stunning, fully renovated, Cape-Code style beach home offers fine finishes, privacy & ocean views throughout. The 3BD/3.5BA main home features large retractable glass doors that open to the patio-allowing for entertaining & dining al-fresco. A private courtyard complete with a pool, built-in BBQ & outdoor shower leads you to a detached 1BD/1BA guest house. Luxurious coastal living awaits!

2211 Ocean Front, Del Mar, CA 92014

2211 Ocean Front, Del Mar, CA 92014

2211 Ocean Front, Del Mar, CA 92014

2211 Ocean Front, Del Mar, CA 92014

2211 Ocean Front, Del Mar, CA 92014

2211 Ocean Front, Del Mar, CA 92014

2211 Ocean Front, Del Mar, CA 92014

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 10,0% over the past year.  Zillow predicts they will decrease by 2.6% within the year.

The median home value in Sausalito is $1,283,700. Sausalito home values have gone up 7.3% over the past year. Zillow predicts they will rise 1.6% within the next year. 

The median home value in Tiburon is $2,478,600. Tiburon home values have gone up 4.5% over the past year.   Zillow predicts they will rise increase 1.4% within the next year. 

The medium home value in Saratoga is $2,502,100.  Saratoga home values have gone up 6.6% this past year.  Zillow predicts they will increase 1.8% within the next year. 

The median home value in Atherton is $6,463,200. Atherton home values have gone up 8.6% over the past year and Zillow predicts they will increase 2.2% within the next year.

#1     20445 Via Santa Teresa, San Jose, CA 95120 with 4 bedrooms, 6 baths            and 9,878 sq.ft. is listed for sale at $5,500,000.
This stunning Mediterranean style estate built in 2007 was finished with every detail in mind. Boasting 9,878 SQFT of living space, 4.3 Acres of land, resort style infinity pool overlooking sprawling views of Almaden Valley. Enjoy the stunning views from 5 outdoor seating areas complete with outdoor kitchen. Entertain in the game room with full wet bar, pool room or theater or relax in the private wine cellar. Large master bead room & private guest quarters on first floor. Full home wired with top of the line technology systems, solar farm and detached finished auto facility with boat parking and gym.














Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in Kirkland is $688,800.  Kirkland home values have gone up 18.8% over the past year.  Zillow predicts they will rise 8.1% within the next year.

The median home value in Seattle is $690,300. Seattle home values have gone up 15.5% over the past year. Zillow predicts they will rise 6.5% within the next year.

The median home value in Bellevue is $839,600. Bellevue home values have gone up 16.3% over the past year. Zillow predicts they will rise 6.8% within the next year. 

The median home value in Mercer Island is $1,413,600, Mercer island home values have gone up 11.4% over the past year.  Zillow predicts they will rise 5.2% with the next year.

The median home value in Clyde Hill is $2,545,800. Clyde Hill home values have gone up 15.7% over the past year. Zillow predicts they will rise 6.9% within the next year.

The median home value in Medina is $2,628,400. Medina home values have gone up 17.1% over the past year and Zillow predicts they will rise 6.5% within the next year.

#1      1521 2nd Avenue, #2400, Seattle, WA 98101 with 2 bedrooms, 2 baths 
and 1,824 sq.ft. is listed for sale at $2,915,000.

1521 2nd Ave Apt 2400, Seattle, WA 98101


A rare opportunity to own this NW facing home overlooking Pike Place Market, Elliott Bay and the Olympics! Offering 1,824sf, 2 bedroom, 2 bath with gracious open living spaces & chef's kitchen designed for exceptional living and entertaining. Superior interior finishes, jetted tub with view, air conditioning, Crestron, surround sound, secure parking space and storage. Option for work studio. This home is leased to tenants. Concierge 24/7, gym, yoga room, boardroom, playroom, sky lounge and BBQ.

1521 2nd Ave Apt 2400, Seattle, WA 98101

1521 2nd Ave Apt 2400, Seattle, WA 98101

1521 2nd Ave Apt 2400, Seattle, WA 98101

1521 2nd Ave Apt 2400, Seattle, WA 98101

1521 2nd Ave Apt 2400, Seattle, WA 98101



Today's Top Real Estate News


Southern California home prices surged in July, as the already white-hot housing market saw heavy demand amid a persistent housing shortage.

By Andrew Khouri
LA Times



The six-county area’s median price climbed 7.7% from a year earlier to $501,000, according to a report released Tuesday from CoreLogic. That was the greatest jump in nearly 2½ years and put the median just $4,000 shy of its all-time high set in the summer of 2007.

In some areas of the Southland, including Los Angeles and Orange counties, the median had already surpassed bubble-era highs — and hasn’t stopped climbing.

The median price in L.A. County in July was $575,000, up 8.1% from a year earlier. In Orange County, prices rose 7.9% to $690,000.

Across the region, sales dipped 2.3% from a year earlier, in part because of the shortage of listings.

“There’s no inventory,” said Cody Coffman, a Redfin real estate agent on the Westside of L.A.. “It’s causing [selling] prices to go significantly over asking.”

In Riverside County, the July median price surged 9% to $365,000. Prices rose 7% in San Bernardino County to $305,000; 6% in Ventura County to $554,500; and 8.6% in San Diego County to $537,750.

 

The rebound — now in its sixth year — has been driven by a steadily improving economy, rock-bottom mortgage rates and a severe shortage of homes listed for sale.

The high cost of housing is increasingly raising concerns that California is becoming inhospitable to those of modest means, particularly in the urban centers of the San Francisco Bay Area and Southern California.

As of 2015, about a third of California homeowners paid housing costs deemed unaffordable, according to an analysis from Harvard University’s Joint Center for Housing Studies.
Renters have it worse, the analysis showed, with more than half paying over 30% of their income on housing costs, the threshold where costs are typically considered a burden.

Economists say the primary driver of the state’s woes is a lack of home building relative to population and job growth, a dynamic that stretches back decades. To help solve the problem, they have advocated making it easier for developers to build more densely in California cities, something also key to lowering commute times.

For now, many young families are ditching coastal areas for far-flung communities in San Bernardino and Riverside counties, where developers are busy constructing homes and the demand for housing was reflected in the latest data.

The two counties were the only ones that saw an increase in sales from a year earlier and prices were up sharply as well, though they remain more than 15% below their bubble peaks. And that’s without accounting for inflation.

State legislators are working on a package of bills aimed at alleviating the affordability crisis.
The bills, which face a Sept. 15 deadline for passage, would ease some development restrictions and offer funding for below-market homes, though housing groups and state officials note the proposals are a modest effort and hardly a cure.

According to the Case-Shiller index, which also was released Tuesday, prices in June in L.A. and Orange counties rose 5.61%, up from 5.55% in May. While the index lags, it is considered a more accurate gauge of the market’s direction.

Today's Mortgage Rates
Higher Today, But Still 2nd Best Day of 2017 For Rates
Aug 30 2017, 4:32PM

Mortgage rates were technically higher today vs yesterday, but unless you've been following day-to-day movements under a microscope, you probably won't mind.  Reason being: apart from yesterday, today's rates are still easily the best we've seen since early November 2016.  Most of yesterday's rate quotes will be the same, though the upfront costs may be slightly higher today.  3.875% remains the most prevalent top-tier 30yr fixed rate.

In general, the bond markets that underlie mortgage rate movement have been doing a good job of maintaining their composure at the best levels of the year.  Given that yesterday's improvement was motivated by unexpected headlines (North Korean missile launch) it wouldn't have been a surprise to see a sharper pull-back today.  That said, the coming days are not without risk, and yesterday's lock/float thoughts remain relevant (i.e. the persistent improvement in rates adds to the potential for a pull-back).   

The next 2 days have the biggest movement potential of the week as far as scheduled events are concerned.  There are several important economic reports as well as the more active trading associated with the final day of the month (not to mention the first day of the following month).

                                                                                                                       52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.90%3.88%+0.023.37%4.39%
15 Yr FRM3.19%3.17%+0.022.72%3.61%
FHA 30 Year Fixed3.50%3.50%--3.20%4.10%
Jumbo 30 Year Fixed4.18%4.17%+0.013.50%4.60%
5/1 Yr ARM3.19%3.18%+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.