Friday, September 15, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

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

#1      881 San Ysidro Lane, Santa Barbara, California with 7 bedrooms, 11 baths 
and 9,454 sq.ft. is listed for sale at $19,500,000.


Sensational Cliff May architectural estate. Expansive, private & rare 4.25 flat and useable acreage w/ sweeping ocean and magical mountain views. Lovingly rebuilt/redefined while staying true to the original single level U shaped architecture. 7 bedrooms, 10 bathrooms. Indoor/outdoor flow from every room flooded w/ natural light. High ceilings, open beam skylights, Chefs kitchen, magnificent oxygenated pool, sport court. New onsite water well preserves lush orange orchards, expansive verdant lawns and mature landscaping. Separate guest house/maid quarters currently being used as a fully equipped gym & guest room. 6 car garage & room for large events, tennis court, equestrian etc. 2 APNs included in list price. A incomparable Estate! 





















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      4425 Haskell Avenue, Encino, CA 91436 with 8 bedrooms, 12 baths 
and 14,900 sq.ft. is listed for sale at $11,999,000.
Welcome to your dream home in the heart of Encino with over 14,000 sq. ft. of living space. Upon entry you will be greeted by high ceilings and a sweeping double staircase that highlight the meticulous craftsmanship and attention to detail that went in to this newly constructed home. This estate has eight total bedrooms and twelve bathrooms situated on an appx. 26,000 square foot lot. Main level has a home theater, sauna, indoor pool, wine cellar, office, maids quarters and two separate two cargarages with direct entry. Second level features large master suite with dual walk-in closets and dual bathrooms along with 4 additional en-suite bedrooms, laundry and sitting area. Grounds include a sports court, putting green, outdoor BBQ and sun drenched pool and a cabana that make this the ideal home for entertaining, true California indoor/outdoor living. The two story detached pool house has a full kitchen and living room, two bedrooms and two bathrooms. A truly spectacular must-see.

















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      3890 North Canyon Ranch Drive, Tucson, AZ 85750 with 3 bedrooms, 
5 bedrooms and 5,188 sq.ft. is listed for sale at $4,395,000.

 
Highly custom contemporary located in the world renowned Canyon Ranch Health and Fitness Resort in Tucson, AZ. Designed and constructed by respected architect/builder, John Campisano. Precision throughout this signature custom build beginning from the front door. Portuguese limestone 36'' sectioned tiles with fluid transition from the interior and line the exterior pool deck and front entry. Remote start aluminum-clad built-in fireplaces in living, family, and master rooms. 3 beautiful modern bedrooms all with ensuite baths perfect for guests. Family room allows the ability to bring the outside in with sliding wall of doors. Outdoor entertaining with breathless views of the Rincon and Catalina Mountain ranges. Zero scape pool overlooks Sabino Creek. Come experience this gorgeous home! Portuguese Limestone was laid 1 tile per day in the building for absolute preciseness. Limestone walls in different areas of the home, soaring ceilings with reflective recessed dimmable lighting throughout the entire home. Caesarstone countertops in kitchen with custom inlaid electrical pop-outs and modern lift kitchen cabinets. Anigre wood throughout with matching wood seams flowing from cabinet to cabinet. Miele appliances with 2 dishwashers, bread warmers and extra refrigeration in the kitchen and master bathroom and ornate, highly custom hanging light fixture illuminates kitchen area. Master bedroom has continuing gorgeous views of the mountains and bathroom is a continuation of the Canyon Ranch Spa experience with double-sided walk-in shower and dual master closets and jonny rooms. Aluminum clad mullion style moulding wall of windows in living room, dining room, office, and family room with remote controlled blinds throughout home. Jerusalem stone lined walls in sections of the home and 'floating wall' Anigre wood partitions between dining/office. Centralized media control for surround sound using internet based or CD based entertainment. Stainless steel outdoor barbeque, signature architectural patio overhang provides shade in sitting poolside. Custom 5 zone AC system. Fully functional laundry room with apple red washer/dryer, stainless utility sink, bountiful Anigre wood storage cabinets and 20 bottle wine chiller. Oversized 3 bay garage. Central tankless hot water system. Home is situated on the Canyon Ranch two mile walking/running path and has cobblestone lined neighborhood roadway and home boasts exposed aggregate front entry and very tastefully landscaped front yard.












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      2345 Via Siena, La Jolla, CA 92037 with 4 bedrooms,5 baths and 3,057 sq.ft. 
is listed for sale at $3,295,000.
Style l Sophistication l History l Masterfully & entirely remodeled w/ only the finest materials, the single-level, inviting design seamlessly blends interior luxury w/ outdoor practicality. Enjoy breathtaking North Shore La Jolla views from the vaulted living room, sumptuous master suite, & rooftop deck. Formerly the residence of Nobel Prize winning physicist Dr. Maria Goeppert Mayer, the opportunity to enjoy an estate of such relevance and uncompromising luxury is rare. See lifestyle video & 3D.













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       6 Cliff Road, Belvedere Tiburon, CA 94920 with 6 bedrooms, 6 baths 
and 5,230 sq.ft. is listed for sale at $7,200,000.



From the moment you enter the private verdant garden with limestone path leading to this French country-inspired home, you feel as though you have stepped into a serene waterfront sanctuary. The approximately 5,230 square foot home is located on prestigious Cliff Road and is defined by grand, light-filled living spaces, manicured stepped grounds and panoramic views spanning from the San Francisco skyline to the Golden Gate Bridge to Mount Tamalpais. The home comprises three levels. The main level is entered through a formal foyer with curved vaulted ceilings and stone floors leading to living and dining areas, a family room adjacent to an updated gourmet kitchen, a library and multiple view-side terraces. The lower level is accessed by a triple-height, dramatic spiral stone staircase and features an expansive master suite with dual walk-in closets, spa-like bath and sitting room, an en suite bedroom and two additional bedrooms. Below is an approximately 410 square foot guest house with private access, wet bar and full bath. A detached two-car garage, home gym, established rose garden with meandering gravel paths and a front yard oasis with fountain, pergola and fire table further this grand cliff side home.















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      1000 Waterfront Drive, Medina, WA 98039 with 5 bedrooms, 6 baths 
and 6,120 sq.ft. is listed for sale at $8,168,000.


Medina's introduction to World Design. Culmination of gathering, traveling, setting precedent, provoking impact as a springboard for tomorrow. Propelling us forward: '4 segment stone parasol' court. Art as a considered collection; Leather~wrap basin-pedestal; Milk glass and nickel; Raw oak juxtaposed against Herringbone. Cashmere walled Master Suite; Culinary core fusion: metals, stone, high polish planes, slab marble, subway tile. Theatre of exquisite grounds; 'Tony interior' screening room.


















Today's Top Real Estate News



Flippers Flounder but Fail to Flop

In 2nd-QTR, home flipping rate plateaus as average flipping returns decline for third consecutive quarter.


ATTOM Data Solutions reported Thursday that 53,638 single family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6% of all home sales during the quarter. The home flipping rate of 5.6% in Q2 2017 was down from 6.9% in the previous quarter but unchanged from a year ago.

For the report, a home flip is defined as a property that is sold in an arms-length sale for the second time within a 12-month period.

The report also showed an average gross flipping profit of $67,516 for homes flipped in the second quarter, representing a 48.4% return on investment (ROI) for flippers — down from 49.0% in the previous quarter and down from 49.6% in Q2 2016 to the lowest level since Q3 2015.



More than 35% of homes flipped in Q2 2017 were purchased by the flipper with financing, up from 33.2% in the previous quarter and up from 32.3% a year ago to the highest level since Q3 2008.

The estimated total dollar volume of financing for homes flipped in the second quarter was $4.4 billion, up from $3.9 billion in the previous quarter and up from $3.4 billion a year ago to the highest level since Q3 2007.

Among 101 metropolitan statistical areas analyzed in the report, those with the highest percentage of Q2 2017 home flips purchased with financing by the flipper were Colorado Springs, Colorado (68.4%); Denver, Colorado (56.1%); Boston, Massachusetts (53.3%); Providence, Rhode Island (51.7%); and San Diego, California(49.0%).

"Across California the gross dollar profits available for property flips remains one of the highest in the country; however low market inventories, increases in home prices, and decreasing home affordability have decreased the number of opportunities available to secure prospective properties to invest," said Michael Mahon, president at First Team Real Estate, covering the Southern California housing market.

Other markets in the top 10 for share of home flips purchased with financing were Seattle (49.0%) and Phoenix (46.6%).

"It is good to see the substantial drop in Seattle-area home flipping activity in the second quarter compared to the previous quarter, but the year-over-year growth is somewhat concerning," said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market. "Home flipping can function to inflate home prices in a region, which, as we saw in the run-up of the housing bubble, is not a good thing. That said, given the absolute number of flips relative to the total number of home sales (5.4%), it is not a huge cause for concern, at least not yet."

Counter to the national trend, 54 metropolitan statistical areas — 53% of the 101 metro areas analyzed in the report — posted a year-over-year increase in home flipping rates in the second quarter, led by Baton Rouge, Louisiana(up 72%); Rochester, New York (up 39%); Daphne-Fairhope-Foley, Alabama (up 29%); New York (up 24%); and Modesto, California (up 24%).

Today's Mortgage Rates
Mortgage Rates at 3-Week Highs
Sep 14 2017, 2:51PM

Mortgage rates moved higher today, despite resilience in underlying bond markets.  If you were to ask bonds, they'd vote for rates remaining flat--well, sort of.  There is a timing issue that I brought to your attention yesterday where mortgage lenders had yet to adjust for yesterday afternoon's bond market weakness (weaker bonds = higher rates) and were thus more likely to start today with higher rates, all other things being equal.

That's exactly what happened.  And while it does mean that rates are higher than they were yesterday, we're actually seeing some supportive cues in bond market for the first time all week.  Specifically, bonds have held fairly steady today--something they've had a hard time with recently.  It's early to say for sure, but this could be the first sign that this week's corrective uptrend in rates is running out of steam.

All told, that correction resulted in most lenders moving up an eighth of a percentage point (.125%) in rate.  The average top tier conventional 30 yr fixed quote is hovering somewhere between 3.875% and 4.0%.                                                                           
                                                                                                                      52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.95%3.93%+0.023.37%4.39%
15 Yr FRM3.23%3.21%+0.022.72%3.61%
FHA 30 Year Fixed3.50%3.50%--3.20%4.10%
Jumbo 30 Year Fixed4.22%4.20%+0.023.51%4.60%
5/1 Yr ARM3.22%3.21%+0.012.80%3.2



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.