Tuesday, September 19, 2017

Today's Best Mansion

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

#1     900 Stradella Road, Bel Air, CA 90077 with 5 bedrooms, 9 baths and 14,213 sq.ft. is listed for sale at $45,000,000

Bel Air's newest and most exciting offering. By far one of the best/most unique promontories with panoramic 280 degrees views from Downtown LA to ocean. Sited on close to 1 acre, completely secluded from street with a gated, long drive. Surrounded by the most significant hi-end luxury estates, this 1-of-a-kind, brand new estate is designed by Saota Architecture and is their 1st highly anticipated property in L.A. The design is a departure from the conventional contemp with warm finishes/rich textures/chic wall coverings. The use of limestone/wood/steel thru-out provide a sophisticated elegance. Set back with large motor court and oriented towards explosive views. Great room, formal dining room, designer kitchen, study, solarium, wine room and theater. Master with dual baths and large view terrace. 3 additional en-suites upstairs. Indoor wellness center with massage therapy area, gym, sauna, steam shower, bath and Zen garden. Outdoor dining rm, infinity pool/spa overlooking a mesmerizing blanket of city lights. 


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      1822 Marcheeta Place, Los Angeles, CA 90069 with 4 bedrooms, 7 baths 
and 6,000 sq.ft. is listed for sale at $21,750,000.

Brand new architectural, designed by Paul McClean. Warm Modernism with 12 foot ceilings, limestone floors coupled with a stunning wood paneled ceiling provide an aura of calm sophistication. Years in planning and construction, this home exudes the highest quality including a 70 foot book-matched marble exterior wall for privacy and a custom wood paneled ceiling. Dazzling water feature graces the entrance which leads to the first split-level swimming pool in all of the Bird Streets. Thespectacular Master suite is comparable to the finest hotels in the world with an incredible walk-in closet and master bath. The lower level is free flowing with large entertaining spaces, a custom bar and an intimate cigar lounge. The custom designed gym with a full steam/sauna room, an epic suede lined screening room with seating for 18, and a "car museum" that can display 10 vehicles completes this rare offering.

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      4921 East Calle Del Medio, Phoenix, AZ 85018 with 6 bedrooms, 6 baths 
and 6,876 sq.ft. is listed for sale at $3,200,000.

This exquisite modern ranch retreat is located on one of the premier streets in the heart of Arcadia with sweeping views of Camelback Mountain. As you approach this property with its extensive front lawn, inviting entertaining front porch, large stone fireplace and soaring wood ceilings, you are struck by the attention to detail and extraordinary design. This pristine home with multiple living spaces was designed for both family flexibility and entertaining, with a total of 9135 square feet, comprised of 5853 feet in the main house, 2363 feet in the open finished basement and 920 feet in the studio/guest house. The dream kitchen has every culinary amenity including a French Lacanche Volnay range with an artisan crafted metal range hood. The stately library is stunning with rich handcrafted bookcases, an impressive stone fireplace and gorgeous picture windows and French doors that perfectly frame the magnificent outdoor scene. Every bedroom and bath is simply beautiful with each one having its own special attention to detail. The studio/guest house is perfectly positioned on the estate overlooking the beautiful pool and lush grounds. The home has the highest quality construction materials and finishes, many are eco-friendly and "Green" certified. Some of the upscale finishes include custom built-in cabinetry in every room, imported hand painted tile, soapstone and exotic wood counter tops, soaring vaulted wood planked beam ceilings, stone fireplaces, brilliant lighting, and wide planked hardwood flooring. The grounds include numerous entertaining patios, a large Ramada with stone fireplace, an amazing resort style pool, set beneath impeccable Camelback Mountain views. Flood irrigation is available from Arcadia Water. These few details begin to tell the story of the captivating and creative design elements that are throughout this home. This property has it all.

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      3619 Corona,  Del Mar, CA 92625 with 5 bedrooms, 6 baths and 7,168 sq.ft. 
is listed for sale at $26,900,000.

This never-before-offered masterpiece by renowned architect Brion Jeannette enjoys the best oceanfront location in Corona Del Mar with five levels of unparalleled views and one-of-a-kind private beach access. Designed to maximize natural light and the endless ocean, coastline (to Palos Verdes), Jetty, beach, and crashing whitewater views, this gated estate is tucked into the cliffs between two of the coast's best beaches and is exceptionally private. This incomparable residence spans five bedrooms, seven baths and approximately 7,000 sf of seaside luxury, with interiors designed by the noted Calvin Smith using the highest quality artisan materials, authentic European elements and an exceptional eye for beauty and detail. Nearly every room has a stunning ocean view, with highlights including two incredible master suites, a chef's kitchen, formal dining room, living room, family room, breakfast room and a lower level with full bar, library, fitness room, and 250-bottle wine cellar. The grounds include a large, gated stone-paved motor court, expansive view terraces on every level, a lower level terrace with spa and fountain, and a secluded beachside cabana with fire pit and private stairs to your own stretch of beach. Smart Home with every tech amenity.

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       2130 Forest View Avenue, Hillsborough, CA 94010 with 4 bedrooms, 5 baths and 3,664 sq.ft. is listed for sale at  $4,995,000.

Remodeled French Contemporary in sought after Hillsborough Oaks, offers 4BR 4.5BA of single level convenience, plus a spacious pool house with a 5th full bath. The superior layout includes a spacious master bedroom plus 2 additional BR suites together while a 4th BR suite is off the opposite side of the home for privacy. The gorgeous top of the line kitchen is next to the family room with custom built-in speakers, shelving and opens directly to the outdoor entertainment areas, which include an inviting pool, flat play area, outdoor kitchen and pool/guest house perfect for a gym or multi-purpose room. A large step down living room and elegant dining room are perfectly situated for your formal gatherings and the homes semi circle driveway offers ample guest parking.

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      9803 SE Shoreland Drive, Bellevue, WA 98004 with 5 bedrooms, 4 baths 
and 5,690 sq.ft. is listed for sale at $4,488,888.

JayMarc Homes introduces The Idea House;425 Magazine's featured home for 2017!
This luxurious master-piece, with stunning views of Meydenbauer Bay/Bellevue skyline, combines custom designs with SMART home technology.No detailed spared;Gourmet Kitchen with custom concrete Island,matching the fireplace surround, powder and Mastertub.Countless windows+stacking doors expands the Great Room.This home also includes a wine cellar,elevator and a artistically designed back yard with a custom Built-in BBQ.

Today's Top Real Estate News

Adults who opt not to have kids cause ripple effects in U.S. housing market.

By Adina Solomon 

The Washington Post

Townhomes in Portland, Oregon

The housing market evolves as fewer families have children.The continued downward trend of fewer children, smaller families, and delayed marriages in the United States is accompanied by a growing demand for smaller homes close to urban centers, The Denver Post reports.

At 62 births per 1,000 women aged 15 to 44, the U.S. fertility rate is at its lowest levels yet, since the Centers for Disease Control and Prevention started keep records in 1909. And in 2015, over 70% of U.S. households had no children living in them, according to the Census Bureau’s American Housing Survey.

Not surprisingly, home features such as big yards and nurseries are becoming low priorities for such households, the Denver Post reports, as smaller families opt for townhouses and condos. Home builders and developers are, and will continue, to adapt accordingly, as:
Demand for condos and townhouses will strengthen in the future compared to McMansions, which use too much land to remain cost-effective in most urban areas.

Sara Moran’s closet in her Colonial house, built in 1920, once served as a nursery for a past homeowner. But Moran and her husband don’t need that nursery. They have no plans to extend beyond the confines of their two bedrooms and small yard in Stratford, Connecticut
“Because we’re not going to have kids, I don’t really worry about having a big yard. Same with having more room,” she said. “We’re never going to have kids and ever feel like we’re going to be expanding.”

The fertility rate in the United States has fallen to its lowest levels since the Centers for Disease Control and Prevention began keeping records in 1909. The general fertility rate is the total number of births per 1,000 women age 15 to 44. According to provisional data, the rate last year was 62 births per 1,000 women.

The decrease in the number of people having children affects the real estate market and decisions.

“Clearly, it’s not a one-year change,” said Lawrence Yun, chief economist at the National Association of Realtors. “It’s been occurring throughout the years here in the U.S. and many developed countries [with] smaller family size, delayed marriages, fewer kids, so all these trends, and how does this impact housing or could impact housing for the long haul.”
In 2015, just over 70 percent of households had no children living there, a growth of three percentage points over 2011, according to the U.S. Census Bureau’s American Housing Survey.

The numbers grow starker when filtered by age. Compared with four years earlier, the number of people 25 to 29 years old and 35 to 44 who didn’t have kids in their household grew by more than 5 percent. The number of 30- to 34-year-olds without children rose by 4 percent.

Those statistics for people age 25 to 44 outpace the 3 percent growth in childless households across all age groups.

“The fact that we’re having smaller-size families I think naturally means that the demand for smaller-size housing would get greater interest than before,” Yun said.

Robert Dietz, chief economist at the National Association of Home Builders, said people generally look for 800 square feet of home per person in the household.
Moran said not many people want a two-bedroom house such as hers because they anticipate having children. But she and her husband, who bought their home in 2015, are content with their 1,200 square feet.

“Even our real estate agent said, ‘It’s going to be too small. You’re going to want to move,’ ” Moran said. “I kept saying, ‘Well, I’m not having children, so it doesn’t really matter.'”
Sam Keeney bought her two-bedroom, one-bathroom ranch house in April. She was looking for a condo, but she didn’t want to be too picky because real estate sells quickly in Nashville.

“I didn’t want anything large because being child-free, I’m not planning to need a house to grow into, but I did want some space to be able to have friends over and entertain,” Keeney said.

The house sits in an urban area closer to work and things to do.

“I wanted a neighborhood that still felt like a neighborhood, so not one of these that’s been replaced by putting two McMansions on the same lot situation,” she said.

About 90 percent of buyers with children younger than 18 at home bought a detached single-family house, according to the National Association of Realtors’ 2016 Profile of Home Buyers and Sellers. But for those without children at home, that number fell to 79 percent. Instead, more chose townhouses and condos.
Today's Mortgage Rates
Mortgage Rates Continue Pushing Recent Highs
Sep 18 2017, 3:55PM

Mortgage rates resumed their recent uptrend today, after taking a quick break to end the week last Friday.  The result is another push up to the highest levels in just over 3 weeks. The average scenario is being quoted rates that are about an eighth of a point higher compared to the lows seen in early September.  The most prevalent top-tier conventional 30yr fixed rates still range from 3.875% to 4.0%, but the latter is increasingly in the spotlight.  
Context is important when it comes to this recent rate spike.  The market movement that preceded it was arguably "too good," with rates benefiting from an unusual combination of geopolitical risk surrounding North Korea and event risk surrounding Hurricane's Harvey and Irma.  It's not that markets responded to those events in unexpected ways--simply that the particular confluence of events was unexpected.  In that sense, the recent rate spike simple gets us back to where we otherwise might have been, albeit in a somewhat abrupt manner.

The best candidate for the "next big thing" will be the Fed Announcement coming up on Wednesday.  After moving higher over the past week and a half, rates are ready to digest the Fed's message from a more neutral position.  Even so, it still makes more sense to stay on guard against upward pressure until and unless we see renewed momentum toward lower rates.
                                                                                                                       52 Week
30 Yr FRM3.96%3.94%+0.023.37%4.39%
15 Yr FRM3.24%3.22%+0.022.72%3.61%
FHA 30 Year Fixed3.60%3.50%+0.103.20%4.10%
Jumbo 30 Year Fixed4.20%4.19%+0.013.51%4.60%
5/1 Yr ARM3.22%3.20%+0.022.80%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.


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.