Thursday, September 14, 2017

Today's Best Mansion

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

#1      4343 East Weber Canyon Road, Oakley, Utah 84055 with 8 bedrooms, 9 baths and 16,800 sq.ft. is listed for sale at $30,000,000.

Riverbend Ranch is a rare 1,918 acre riverfront estate directly on the Weber River. This 16,800 SF home is a showpiece of craftsmanship featuring floor to ceiling walnut bookcases, hand-planed hickory flooring, and hand forged custom ironwork, mostly created on an Amish Farm with an Idaho schoolhouse supplying the reclaimed wood. The great room allows multiple gatherings of family graced by a custom mahogany bar, and hand-crafted walnut coffered ceilings. The living space flows outside with pocket doors opening to the river on a stone patio with fireplace, and firepit, all along the riverfront. Land your helicopter on the heli-pad, gear up in your outfitters room and fly fish right out your back door, hit the tennis court for a friendly match, or spend the day exploring all 2000 acres on your horse or ATV. The property includes a large riverfront barn meticulously landscaped for entertaining or hosting weddings. 25 minutes to Park City and Heber Airport and 50 Minutes to SLC Airport. 

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      9374 Beverly Crest Drive, Beverly Hills, CA 90210 with 5 bedrooms, 6 baths 
and 7,034 sq.ft. is listed for sale at $11,950,000.


Newly designed and decorated, this is an absolutely stunning contemporary with massive city and ocean views from every room in the house. Gated and private from the street the glass entry opens into a spacious entry with commanding 180-degree views. The master suite is on this level- it is large with a sitting area, fireplace, and terrace. You can watch the sunset over the Pacific Ocean from bed! Richly appointed master bath with dual vanities and luxurious walk in closet. A floating glass and stainless steel staircase open to the impressive great room with high ceilings, wet bar, fireplace and dining with wall of glass windows. The high-tech kitchen is large with a breakfast bar, dining area, and terrace. There are three additional bedrooms suites all with terraces plus maid/office and a huge media room/family room open to the infinity pool. A dramatic, bold, exciting home to live and entertain. 

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      6101 North 59th Place, Paradise Valley, AZ 85253 with 5 bedrooms, 7 baths 
and 5,975 sq.ft. is listed for sale at $4,250,000.


On fabulous, private 2.17 acres behind electronic gates with outstanding views of Camelback Mtn+Praying Monk,this property is located in one of the most prestigious P.V. areas w/estates over $11 million. A mix of classic elegance and comfort,finishes incl graceful arched windows,mahogany doors,floors of Brazilian cherrywood,carved shell niches,angled clay air-returns,cherrywood cabinetry + hand-hewn beamed ceilings. The chefs kitchen opens to a beautiful breakfast rm and big family rm. An elegant master has an exercise rm + separate his/her bathrooms. In the magnificent view backyard, walk on a path thru expansive lawns,specimen plants,mature foliage, intimate patios + seating areas to the heated pool. Guests will enjoy the charming 1 bdrm+ livingrm casita. Lots of space to add outdoor recreational activities as a sport court or tennis court.The 4 car garage has a 2 car oversized extended garage which can fit a large boat or additional cars.



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      880 Coronado Avenue, Coronado, CA 92118 with 5 bedrooms, 5 baths 
and 4,004 sq.ft. is listed for sale at $4,195,000.

880 Coronado Ave, Coronado, CA 92118

Brand new, to be completed late Spring 2018. Relaxed luxury home one block to the beach with open living spaces, one bedroom on the first level and an elevator to the second floor. Gourmet kitchen with pantry, office and large master retreat. Indoor, outdoor living spaces includes a spacious front porch, covered patio off the great room, balcony extending across the entire front of the second story and a roof deck. Designed to embrace the moderate weather and coastal lifestyle.

880 Coronado Ave, Coronado, CA 92118

880 Coronado Ave, Coronado, CA 92118

880 Coronado Ave, Coronado, CA 92118

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      12501 Zappettini Court, Los Altos Hills, CA 94022 with 6 bedrooms, 8 baths 
and 8,625 sq.ft. is listed for sale at $9,750,000.

Just-completed new villa with GreenPoint rating, Three levels with 6 bedroom suites and 7.5 total baths, Office, recreation room, versatile home theatre, wine cellar, bar, and fitness center plumbed for sauna, Approximately 8,625 square feet of living space and over 10,000 square feet* with covered areas, Attached 3-car garage with EV wiring, Immense front yard with mature pine trees and beautifully manicured grounds, Expansive rear paver stone terrace plus outdoor kitchen, Approximately 1.18 acres with electric gated entrance.

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

12501 Zappettini Ct, Los Altos Hills, CA 94022

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      2390 Tekiu Road NW, Seabeck, WA 98380 with 6 bedrooms, 7 baths 
and 10,152 sq.ft. is listed for sale at $2,600,000.

Nestled in forested privacy, this Hood Canal waterfront estate boasts breathtaking views and unmatched serenity. Modern yet traditional, it is a signature work of architect Lionel Pries. Handcrafted quality brings the old-world charm of a fine European manor to this home on 8 acres of prime waterfront. This unique property is a rare find that boasts 500 feet of beach, a 300 foot deep-water dock, a 3-bedroom gatehouse plus a chauffeur's apartment and guest cottage.

Today's Top Real Estate News

Home Prices Surged 7.7 Percent in August as Inventory Fell 12.4 Percent

By Alina Ptasznski
Redfin Media

Hurricane Harvey sent Houston home sales down 29 percent while new listings tumbled 12 percent  Home prices in August surged 7.7 percent, the largest year-over-year price gain since May 2015. The national median sale price was $293,000, flat from July. None of the metro areas Redfin tracks saw prices decline in August. The median value of off-market homes in August was $251,000, as measured by the Redfin Estimate, up 0.7 percent from July.

Sales in August fell 5.5 percent compared to last year, the largest decline posted since July 2016. This follows the 5 percent decline posted in July by the Redfin Housing Demand IndexThe number of homes for sale plunged 12.4 percent, the largest year-over-year decline in a 23-month streak of declining inventory. The number of new listings in August was down 1 percent from a year ago, leaving just 2.8 months of supply. Less than six months of supply signals the market is tilted in favor of sellers.

In the San Jose, Calif. metro area, inventory plummeted 50 percent in August compared to a year ago, leaving less than a one-month supply, the lowest of all markets Redfin tracks.

Nearly a quarter (24.9%) of homes sold above their list price. The average sale-to-list ratio was 98.5 percent. The typical home that sold in August went under contract in 39 days, two days longer than July’s record-setting pace, typical of a seasonal slowdown.

“The real estate market still favors sellers, with strong demand and rising prices, but perhaps less so now than earlier in the year,” said Redfin CEO Glenn Kelman. “Newly listed homes are selling faster in 2017 than in 2016, but whereas in April the market was nine days faster than the 2016 market, in August it was five; the gap between 2016 and 2017 is narrowing slightly. Normally such differences wouldn’t be worth mentioning, but Redfin managers of coastal markets where demand has been strongest are now reporting that some buyers are stepping back from higher prices.”

Forty-three percent of homes listed for sale in July were priced higher than their concurrent Redfin Estimate, a measure of a home’s value and prediction of its eventual sale price, compared to 46 percent in July. The median list price-to-Redfin Estimate ratio was 100.2 percent, which means the typical home for sale last month was priced in line with its estimated value.

Market SummaryAugust 2017Month-Over-MonthYear-Over-Year
Median sale price$292,9000.0%7.7%
Homes sold268,8002.3%-5.5%
New listings302,400-2.2%-1.0%
All Homes for sale749,100-4.4%-12.4%
Median days on market392-5
Months of supply2.8-0.2-0.2
Sold above list24.9%-1.7%1.3%
Median Off-Market Redfin Estimate$250,6000.7%
Average Sale-to-list98.5%-0.1%0.4%

Harvey Hits the Houston Housing Market, But Inventory Still High by Comparison
Hurricane Harvey slammed Houston in the last week of August, when many of the month’s pending home sales were scheduled to close. While most real estate activity halted for a few days immediately following the storm, Redfin agents reported rebounding buyer interest, tours and offers in the final days of the month.

Houston sales fell 29 percent year over year, as buyers backed out of purchasing homes due to flood damage. Lenders also required homes to be reinspected before allowing homes closings to move forward, causing some home settlements to be delayed. Flood damage is limiting the number of homes being listed for sale. New listings declined 12.2 percent compared to last August. Despite the decline in new listings, inventory was still up 5.7 percent compared to last year.

Prices grew 4 percent from last August and Redfin chief economist Nela Richardson predicts homes prices will rise at a faster pace due to the storm.

“Houston has been one of the few big-growth cities gaining inventory this year, but the flooding abruptly wiped out a sizable chunk of the housing stock” said Richardson. “As seen from other weather events, the lack of supply will cause both rents and home prices to rise in the near term.”

“Looking ahead to Irma’s impact in the Southeast, we are just now starting to gather information as power is being restored to parts of the region. Based on Redfin home tour request data, we know that touring has all but halted in Florida in the past week,” said Richardson.

Other August Highlights
  • Seattle, WA was the fastest market, with nearly half of all homes pending sale in just 8 days, down from 10 days from a year earlier. Portland, OR and Denver, CO were the next fastest markets with 11 and 12 median days on market, followed by Boston, MA (13) and Tacoma, WA (13).
  • The most competitive market in August was San Jose, CA where 73.8% of homes sold above list price, followed by 72.3% in San Francisco, CA, 67.3% in Oakland, CA, 51.3% in Seattle, WA, and 48.1% in Tacoma, WA.
  • Seattle, WA had the nation’s highest price growth, rising 16% since last year to $522,000. Fort Lauderdale, FL had the second highest growth at 15.6% year-over-year price growth, followed by Cincinnati, OH (14.5%), Las Vegas, NV (14%), and San Jose, CA (13.4%).
  • No metros saw a price decline in August.
  • Detroit, MI had the highest month-over-month increase in the value of off-market homes up 3%, as measured by the Redfin Estimate, this mirrored price growth for on-market homes, up 5.3% year over year.
  • Columbia, SC saw the largest decline in sales since last year, falling 93.2%. Home sales in Newark, NJ and Houston, TX declined by 75.3% and 29.1%, respectively.
  • 4 out of 75 metros saw sales surge by double digits from last year. Camden, NJ led the nation in year-over-year sales growth, up 22%, followed by Baton Rouge, LA, up 21%. Baltimore, MD rounded out the top three with sales up 19% from a year ago.
  • San Jose, CA had the largest decrease in overall inventory, falling 49.9% since last August. Oakland, CA (-31.8%), San Francisco, CA (-30.9%), and Tampa, FL (-26.8%) also saw far fewer homes available on the market than a year ago.
  • Austin, TX had the highest increase in the number of homes for sale, up 13.9% year over year, followed by New Orleans, LA (8.3%) and Houston, TX (5.7%).
Redfin Estimate
  • The median list price-to-Redfin Estimate ratio was 94.1% in San Francisco, the lowest of any market. This indicates the typical home for sale in August was listed at a price 5.9% below its estimated value. Only 8.9% of homes in San Francisco were listed for more than their Redfin Estimate.
  • Conversely, the median list price-to-Redfin Estimate ratio was 103% in Miami, FL and 102.6% in West Palm Beach, which means sellers are listing their homes for more than the estimated value in those metro areas. In Miami, 64.6% of homes were listed above their Redfin Estimate.
Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750 thousand or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin MetroMedian Sale PriceMonth-Over-MonthYear-Over-Year
Albany, NY$213,5001.7%4.1%
Allentown, PA$200,0005.9%0.1%
Atlanta, GA$218,000-3.1%4.8%
Austin, TX$296,000-0.9%3.1%
Bakersfield, CA$220,000-3.5%6.8%
Baltimore, MD$265,000-4.8%1.0%
Baton Rouge, LA$199,000-0.5%3.6%
Birmingham, AL$189,200-3.0%7.2%
Boston, MA$463,000-1.5%6.2%
Buffalo, NY$150,0001.1%10.0%
Camden, NJ$185,0002.5%0.5%
Charlotte, NC$230,000-3.0%4.5%
Chicago, IL$238,000-4.0%2.6%
Cincinnati, OH$177,500-0.3%14.5%
Cleveland, OH$146,0000.6%6.6%
Columbia, SC$152,00025.6%0.0%
Columbus, OH$191,000-4.5%5.5%
Dallas, TX$280,000-1.8%8.3%
Denver, CO$375,000-1.3%8.4%
Detroit, MI$129,900-0.1%5.3%
Fort Lauderdale, FL$260,0004.0%15.6%
Fort Worth, TX$225,0000.0%12.5%
Fresno, CA$255,0000.6%8.2%
Grand Rapids, MI$183,000-2.0%8.9%
Greenville, SC$194,600-2.2%8.6%
Hampton Roads, VA$224,900-1.4%0.0%
Honolulu, HI$565,000-1.7%5.6%
Houston, TX$234,0001.7%4.0%
Indianapolis, IN$162,000-3.3%5.9%
Jacksonville, FL$208,000-6.3%5.3%
Kansas City, MO$199,000-0.5%4.8%
Knoxville, TN$184,000-0.5%7.0%
Las Vegas, NV$245,0000.0%14.0%
Long Island, NY$438,000-1.0%5.7%
Los Angeles, CA$589,9000.0%8.2%
Louisville, KY$179,000-3.0%2.3%
Memphis, TN$169,9000.1%6.9%
Miami, FL$280,0001.8%7.7%
Milwaukee, WI$212,0000.5%8.7%
Minneapolis, MN$252,0000.4%5.0%
Montgomery County, PA$309,000-0.7%4.7%
Nashville, TN$274,6001.0%13.3%
New Orleans, LA$200,000-9.1%5.6%
Newark, NJ$389,2008.4%0.1%
Oakland, CA$698,1000.5%13.1%
Oklahoma City, OK$165,000-0.5%3.1%
Omaha, NE$185,0000.8%2.8%
Orange County, CA$665,000-2.1%4.2%
Orlando, FL$226,8000.8%8.5%
Oxnard, CA$580,0000.9%5.5%
Philadelphia, PA$189,900-5.0%6.7%
Phoenix, AZ$245,0000.0%6.5%
Pittsburgh, PA$165,0001.9%7.0%
Portland, OR$376,000-1.1%8.5%
Providence, RI$256,000-3.4%6.3%
Raleigh, NC$265,000-0.2%8.6%
Richmond, VA$242,0000.0%6.6%
Riverside, CA$340,000-2.0%6.2%
Rochester, NY$145,0003.6%8.2%
Sacramento, CA$377,0000.5%7.7%
Salt Lake City, UT$287,500-0.8%8.5%
San Antonio, TX$215,0002.4%4.9%
San Diego, CA$550,0001.5%10.0%
San Francisco, CA$1,250,000-1.9%10.0%
San Jose, CA$975,000-0.1%13.4%
Seattle, WA$522,000-1.4%16.0%
St. Louis, MO$174,600-3.5%4.0%
Tacoma, WA$310,000-1.6%8.8%
Tampa, FL$214,000-0.5%9.7%
Tucson, AZ$195,5000.3%4.5%
Tulsa, OK$159,900-4.2%2.5%
Warren, MI$194,900-2.5%3.1%
Washington, DC$390,0000.0%1.3%
West Palm Beach, FL$263,0000.4%6.2%
Worcester, MA$269,9002.8%9.3%

Homes Sold

Redfin MetroHomes SoldMonth-Over-MonthYear-Over-Year
Albany, NY9958.3%-10.4%
Allentown, PA8415.7%-12.2%
Atlanta, GA9,809-3.7%-11.8%
Austin, TX3,012-4.3%-4.2%
Bakersfield, CA7730.9%-4.1%
Baltimore, MD4,92723.0%18.8%
Baton Rouge, LA966-3.3%21.2%
Birmingham, AL1,385-1.1%-13.7%
Boston, MA5,6575.1%-6.1%
Buffalo, NY1,0673.1%-22.9%
Camden, NJ1,9042.9%22.5%
Charlotte, NC3,8490.5%-1.3%
Chicago, IL11,0552.1%-15.3%
Cincinnati, OH2,4377.2%-4.6%
Cleveland, OH2,8596.8%3.4%
Columbia, SC55-45.5%-93.2%
Columbus, OH3,1162.9%0.4%
Dallas, TX5,9782.7%-4.5%
Denver, CO5,2731.4%-5.3%
Detroit, MI1,9973.9%-10.9%
Fort Lauderdale, FL3,11810.4%-10.6%
Fort Worth, TX3,198-0.2%-7.3%
Fresno, CA9329.6%4.7%
Grand Rapids, MI1,561-0.3%-6.8%
Greenville, SC1,161-0.7%0.8%
Hampton Roads, VA2,2286.8%-2.4%
Honolulu, HI93515.9%13.1%
Houston, TX5,865-22.2%-29.1%
Indianapolis, IN3,1790.0%-0.6%
Jacksonville, FL2,238-4.9%-10.9%
Kansas City, MO3,3040.6%-4.1%
Knoxville, TN1,3192.6%2.7%
Las Vegas, NV3,9555.8%3.0%
Long Island, NY3,2454.9%4.3%
Los Angeles, CA7,45116.3%4.4%
Louisville, KY1,61710.1%4.9%
Memphis, TN1,292-0.9%-1.6%
Miami, FL2,6695.1%-10.0%
Milwaukee, WI1,9821.2%-13.6%
Minneapolis, MN6,4390.7%-8.9%
Montgomery County, PA2,7171.4%-6.0%
Nashville, TN3,549-2.2%-6.5%
New Orleans, LA1,241-3.1%-4.2%
Newark, NJ598-3.2%-75.3%
Oakland, CA2,6957.1%-2.6%
Oklahoma City, OK1,807-3.5%-9.2%
Omaha, NE1,305-2.0%-9.2%
Orange County, CA3,10912.5%0.1%
Orlando, FL4,1014.4%-3.0%
Oxnard, CA8222.6%-4.5%
Philadelphia, PA2,268-1.3%-8.4%
Phoenix, AZ8,0363.0%2.4%
Pittsburgh, PA2,2945.5%-3.1%
Portland, OR3,6822.6%-9.2%
Providence, RI2,0434.4%-0.6%
Raleigh, NC2,57011.1%4.4%
Richmond, VA1,7873.9%-3.2%
Riverside, CA5,56610.3%3.2%
Rochester, NY1,2285.0%-13.6%
Sacramento, CA3,0996.4%-6.9%
Salt Lake City, UT1,7552.1%-10.5%
San Antonio, TX2,579-3.9%-8.8%
San Diego, CA3,4413.9%-5.1%
San Francisco, CA964-1.0%-7.3%
San Jose, CA1,5432.2%5.4%
Seattle, WA5,2266.8%-0.6%
St. Louis, MO4,018-1.1%-4.5%
Tacoma, WA1,7045.6%8.6%
Tampa, FL5,5400.5%-2.9%
Tucson, AZ1,331-5.1%-4.7%
Tulsa, OK1,0171.5%-23.8%
Warren, MI4,2067.4%-10.6%
Washington, DC9,031-8.5%5.2%
West Palm Beach, FL2,732-2.3%-10.2%
Worcester, MA1,1214.9%-5.6%

New Listings

Redfin MetroNew ListingsMonth-Over-MonthYear-Over-Year
Albany, NY1,1431.3%-3.5%
Albuquerque, NM1,441-0.8%5.9%
Allentown, PA1,031-2.7%-4.1%
Atlanta, GA10,144-1.9%3.4%
Austin, TX3,332-13.3%7.8%
Bakersfield, CA1,0301.7%-1.9%
Baltimore, MD4,133-8.0%-1.8%
Baton Rouge, LA1,147-9.0%16.2%
Birmingham, AL1,5470.7%-0.3%
Boston, MA4,833-3.5%1.2%
Buffalo, NY1,420-0.7%11.3%
Camden, NJ2,1973.4%7.4%
Charlotte, NC4,183-1.2%6.1%
Chicago, IL12,215-3.6%-4.0%
Cincinnati, OH2,6330.7%-0.5%
Cleveland, OH3,184-0.5%4.7%
Columbia, SC1,199-4.3%-5.1%
Columbus, OH3,366-2.4%12.5%
Dallas, TX6,755-7.7%4.3%
Denver, CO5,601-2.5%-7.5%
Detroit, MI2,6800.6%2.4%
Fort Lauderdale, FL3,9156.2%-4.7%
Fort Worth, TX3,567-8.3%-1.6%
Fresno, CA1,0292.4%9.2%
Grand Rapids, MI1,9068.8%3.3%
Greenville, SC1,2731.5%1.8%
Hampton Roads, VA2,5391.1%-0.4%
Honolulu, HI1,0550.2%6.8%
Houston, TX8,020-23.8%-12.2%
Indianapolis, IN3,428-1.1%3.8%
Jacksonville, FL2,8549.3%7.0%
Kansas City, MO3,533-4.4%3.9%
Knoxville, TN1,439-0.6%8.5%
Las Vegas, NV4,2011.7%-1.8%
Long Island, NY3,033-12.0%2.3%
Los Angeles, CA8,032-3.7%-14.2%
Louisville, KY1,632-7.3%1.2%
Memphis, TN1,4887.3%4.3%
Miami, FL4,2325.3%0.9%
Milwaukee, WI2,1090.2%-5.6%
Minneapolis, MN6,249-2.3%-1.8%
Montgomery County, PA2,511-1.0%5.7%
Nashville, TN4,0761.3%-1.5%
New Orleans, LA1,464-10.2%-5.2%
Newark, NJ2,747-2.6%9.1%
Oakland, CA2,766-6.2%-4.9%
Oklahoma City, OK2,147-4.6%-4.2%
Omaha, NE1,305-1.8%-3.0%
Orange County, CA3,180-3.8%-14.5%
Orlando, FL4,4791.4%0.6%
Oxnard, CA9363.7%-0.5%
Philadelphia, PA2,6481.6%2.0%
Phoenix, AZ8,7269.4%4.0%
Pittsburgh, PA2,7550.5%1.5%
Portland, OR3,915-4.4%-10.2%
Providence, RI2,3705.9%-0.8%
Raleigh, NC2,425-5.5%-3.8%
Richmond, VA1,816-0.9%1.5%
Riverside, CA6,062-2.6%-16.9%
Rochester, NY1,324-0.4%8.4%
Sacramento, CA3,7771.5%1.8%
Salt Lake City, UT2,30011.6%1.8%
San Antonio, TX3,122-8.4%2.5%
San Diego, CA3,743-2.4%-6.2%
San Francisco, CA972-3.1%-2.1%
San Jose, CA1,422-2.4%-8.6%
Seattle, WA5,337-5.3%0.6%
St. Louis, MO4,427-4.9%-0.6%
Tacoma, WA1,786-10.4%-4.8%
Tampa, FL5,9861.2%0.3%
Tucson, AZ1,5608.0%5.5%
Tulsa, OK1,317-4.8%-10.8%
Warren, MI5,079-0.2%3.8%
Washington, DC8,587-5.0%4.7%
West Palm Beach, FL3,6086.3%0.0%
Worcester, MA1,2006.1%3.7%

All Homes for Sale

Redfin MetroAll Homes for SaleMonth-Over-MonthYear-Over-Year
Albany, NY3,176-1.4%-23.0%
Albuquerque, NM3,616-29.0%-13.8%
Allentown, PA2,811-13.9%-24.5%
Atlanta, GA30,4616.0%-12.0%
Austin, TX8,278-4.9%13.9%
Bakersfield, CA2,157-3.0%-16.7%
Baltimore, MD10,516-5.7%-18.8%
Baton Rouge, LA3,221-10.0%2.0%
Birmingham, AL5,503-5.0%-12.9%
Boston, MA7,596-9.1%-21.3%
Buffalo, NY2,402-8.1%-26.3%
Camden, NJ7,650-1.5%-8.3%
Charlotte, NC12,846-0.8%-5.2%
Chicago, IL40,714-4.2%-12.6%
Cincinnati, OH8,099-1.8%-14.1%
Cleveland, OH9,124-3.0%-14.6%
Columbia, SC3,610-6.5%-15.9%
Columbus, OH7,297-1.2%-7.8%
Dallas, TX13,696-7.3%4.9%
Denver, CO7,205-4.1%-11.3%
Detroit, MI4,627-2.0%-18.6%
Fort Lauderdale, FL12,523-8.4%-11.1%
Fort Worth, TX6,340-9.2%-10.0%
Fresno, CA1,585-6.3%-17.1%
Grand Rapids, MI2,8473.6%-12.0%
Greenville, SC3,949-3.1%-10.2%
Hampton Roads, VA7,981-4.7%-9.2%
Honolulu, HI3,079-6.4%-3.7%
Houston, TX27,242-6.4%5.7%
Indianapolis, IN7,498-2.4%-17.9%
Jacksonville, FL6,559-3.5%-16.8%
Knoxville, TN4,719-4.5%-14.2%
Las Vegas, NV10,037-4.0%-26.8%
Long Island, NY10,749-5.9%-17.5%
Los Angeles, CA15,976-8.3%-17.8%
Louisville, KY3,280-3.7%-11.8%
Memphis, TN3,259-3.4%-21.3%
Miami, FL17,100-3.1%-7.6%
Milwaukee, WI6,350-3.6%-13.8%
Minneapolis, MN12,336-3.7%-14.5%
Montgomery County, PA7,373-0.8%-13.6%
Nashville, TN9,643-1.8%4.4%
New Orleans, LA6,0752.9%8.3%
Newark, NJ10,199-5.6%-10.8%
Oakland, CA2,698-13.6%-31.8%
Oklahoma City, OK6,152-4.0%-5.2%
Omaha, NE2,0220.0%-16.1%
Orange County, CA7,336-7.4%-21.2%
Orlando, FL9,769-7.8%-20.4%
Oxnard, CA1,614-7.2%-19.6%
Philadelphia, PA7,5560.1%-10.1%
Phoenix, AZ18,741-4.2%-14.2%
Pittsburgh, PA10,340-1.2%-8.8%
Portland, OR6,264-3.1%-6.1%
Providence, RI5,800-0.6%-18.8%
Raleigh, NC6,262-16.4%-11.0%
Richmond, VA3,598-4.2%-14.0%
Riverside, CA14,320-6.7%-19.9%
Rochester, NY2,500-4.5%-25.9%
Sacramento, CA5,519-3.1%-18.5%
Salt Lake City, UT3,555-15.3%-10.5%
San Antonio, TX8,195-5.6%-3.7%
San Diego, CA5,690-6.7%-24.6%
San Francisco, CA1,136-13.1%-30.9%
San Jose, CA1,261-19.3%-49.9%
Seattle, WA5,092-4.9%-23.9%
St. Louis, MO12,747-7.4%-10.5%
Tacoma, WA2,549-5.1%-22.0%
Tampa, FL11,877-8.6%-26.8%
Tucson, AZ4,455-1.7%-8.3%
Tulsa, OK4,119-12.6%-4.0%
Warren, MI8,7130.2%-18.7%
Washington, DC17,721-6.1%-12.5%
West Palm Beach, FL13,038-3.3%-4.3%
Worcester, MA2,158-2.0%-24.0%

Median Off-Market Redfin Estimate

Redfin MetroEstimateMonth-Over-Month
Albany, NY$204,6001.0%
Allentown, PA$194,4000.4%
Atlanta, GA$188,9000.5%
Austin, TX$288,100-0.3%
Bakersfield, CA$198,4000.4%
Baltimore, MD$243,8000.4%
Baton Rouge, LA$152,3000.7%
Birmingham, AL$138,2000.8%
Boston, MA$455,7000.6%
Buffalo, NY$145,2001.4%
Camden, NJ$185,9000.6%
Charlotte, NC$174,0001.3%
Chicago, IL$231,0000.6%
Cincinnati, OH$152,7000.6%
Cleveland, OH$129,6000.7%
Columbia, SC$104,500-5.7%
Columbus, OH$167,7000.9%
Dallas, TX$233,8000.7%
Denver, CO$373,8000.5%
Detroit, MI$80,7003.0%
Fort Lauderdale, FL$237,6000.7%
Fort Worth, TX$189,7000.8%
Fresno, CA$231,8001.3%
Grand Rapids, MI$145,4000.1%
Greenville, SC$151,6000.8%
Hampton Roads, VA$212,7000.3%
Honolulu, HI$662,6000.2%
Houston, TX$191,7000.4%
Indianapolis, IN$144,4001.0%
Jacksonville, FL$193,0001.8%
Kansas City, MO$170,6001.3%
Knoxville, TN$135,6000.8%
Las Vegas, NV$228,8001.6%
Long Island, NY$410,2001.1%
Los Angeles, CA$574,1000.8%
Louisville, KY$154,3000.6%
Memphis, TN$122,9001.5%
Miami, FL$271,5000.5%
Milwaukee, WI$189,1000.6%
Minneapolis, MN$240,2000.6%
Montgomery County, PA$304,3000.5%
Nashville, TN$219,0001.1%
New Orleans, LA$175,2000.6%
Newark, NJ$317,100-0.3%
Oakland, CA$701,8000.6%
Oklahoma City, OK$135,200-0.8%
Omaha, NE$156,8000.2%
Orange County, CA$670,0000.7%
Orlando, FL$207,7000.8%
Oxnard, CA$571,0000.7%
Philadelphia, PA$182,1000.2%
Phoenix, AZ$244,2000.6%
Pittsburgh, PA$134,9000.2%
Portland, OR$369,200-1.1%
Providence, RI$275,0001.2%
Raleigh, NC$242,5000.5%
Richmond, VA$205,8000.5%
Riverside, CA$332,1000.8%
Rochester, NY$135,4000.8%
Sacramento, CA$375,4000.5%
Salt Lake City, UT$292,3000.9%
San Antonio, TX$175,2000.6%
San Diego, CA$551,5000.6%
San Francisco, CA$1,200,4000.2%
San Jose, CA$1,037,7001.4%
Seattle, WA$503,5001.1%
St. Louis, MO$146,4001.2%
Tacoma, WA$304,0001.0%
Tampa, FL$195,1000.7%
Tucson, AZ$189,0000.7%
Tulsa, OK$133,500-0.7%
Warren, MI$194,9001.0%
Washington, DC$371,3000.3%
West Palm Beach, FL$245,6000.3%
Worcester, MA$262,6000.9%
Today's Mortgage Rates
Mortgage Rates Stabilize Despite More Bond Market Weakness
Sep 13 2017, 3:13PM

Mortgage rates held steady today, and were slightly lower in some cases.  That's not entirely logical at first glance because the bonds that dictate mortgage rates suggested the opposite.  Considering a 2-day time frame helps us reconcile this paradox.  Bonds had improved by the end of the day yesterday, albeit slightly.  Lenders, however, didn't account for that improvement by changing rates yesterday.  Instead, they made their adjustments with this morning's rate sheets.  Bonds were unchanged to slightly stronger this morning.  Today's weakness arrived after most lenders already had rate sheets out for the day.

Applying the same logic discussed above, we could reasonably expect tomorrow morning's rates to be slightly higher, unless bond markets happen to improve significantly overnight or early tomorrow morning.  Either way, there's potential for volatility following the Consumer Price Index report at 8:30am.  This is the most important data on inflation at the moment, and inflation is currently an important consideration for Fed policy (which, in turn, is one of the key considerations for rates!).

Risk-averse borrowers and originators see today as a good lock opportunity amidst the general move toward higher rates this week.

52 Week
30 Yr FRM3.93%3.94%-0.013.37%4.39%
15 Yr FRM3.21%3.22%-0.012.72%3.61%
FHA 30 Year Fixed3.50%3.50%--3.20%4.10%
Jumbo 30 Year Fixed4.20%4.21%-0.013.51%4.60%
5/1 Yr ARM3.21%3.22%-0.012.80%3.25

Thanks for reading "Today's Best Mansions"

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importantly, have a great day.


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.