Saturday, September 23, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

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

#1      1800 S Ocean Blvd., Palm Beach, Florida 33480 with 7 bedrooms, 11 baths    and 24,000 sq.ft.is listed for sale at $46,000,000.
Extraordinary opportunity to own a private compound on nearly 2.5 acres of irreplaceable Palm Beach property. This gated compound offers a 1923 Mizner designed estate and guest house and has 300 feet of oceanfront property with a private beach and nearly 300' on the Lakefront with a dock. Swimming and lap pools, ponds grace the elaborate gardens with beautiful shade trees and privacy.


The waterfront property is 3 miles from Mar-a-Lago, the Palm Beach resort owned by President Donald T

https://static3.mansionglobal.com/production/media/article-images/77cc9314d844945e22dde1bccccce6fe/large_MN-AP532_MONTGO_M_20170831170159.jpg
Today's Top LA Luxury Estate.



The median home value in Orange County is $687,000. Orange County home values have gone up 3.9% over the past year.  Zillow predicts they will increase 0.8% within the next year.

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 Newport Beach is $1,684,600. Newport Beach home values have gone up 7.6% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Santa Monica is $1,405,700. Santa Monica home values have gone up 2.7% over the past year and Zillow predicts they will rise 0.3% 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 Pacific Palisades is $2,736,600. Pacific Palisades home values have gone up 6.0% over the past year.  Zillow predicts they will rise 1.1% within the 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      1233 Woodland Grove Court, Westlake Village, CA 91362 with 6 bedrooms,
8 baths and 14,000 sq.ft. is listed for sale at $11,900,000.


Italian Hill Top Masterpiece with spectacular views. Approx. 14,000 Sq.Ft of unprecedented quality and detail. Only the finest material has been used. Italian stones, mahogany doors, walnut floors, iron & glass doors, bronze colored vaulted ceilings, custom glazed walls, hand blown glass chandelier, hand carved cabinetry, sound system brings music everywhere. Well-appointed library, unbelievable gym & large game room. Wine cellar which needs to be seen to believe. Complete outdoor kitchen with pizza oven, dining area and fireplace. Atop 4.5 acres of gorgeous hardscape, pool, spa & landscaping and 6 car garage. Privately gated with complete privacy. Truly the most spectacular property you have ever seen!















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      11108 E Mariola Way, Scottsdale, AZ 85262 with 4 bedrooms, 5 baths 
and 7,277 sq.ft. is listed for sale at $3,950,000.
An Architectural Masterpiece of desert contemporary design, built on a hillside and uniquely capturing the magnificent panoramic views from every angle. Floor-to-ceiling butted glass walls; a vast wraparound patio; the dramatic and creative use of stone and rock; multiple fireplaces; a chef's kitchen; wine room; fitness area; the tranquility of an interior courtyard and water feature - and guests will feel right at home in the self-contained casita. This home represents elegant, sophisticated indoor-outdoor living on an incomparable scale - this is Desert Mountain living at it's finest.












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      439 La Crescentia Dr, San Diego, CA 92106 with 3 bedrooms, 4 baths 
and 3,098 sq.ft. is listed for sale at $2,750,000.
Panoramic city, bay and ocean views highlight this timeless mid-century home in secluded La Playa neighborhood. Dramatic entry introduces living and dining rooms with forever vistas. Entry level master suite captures views of harbor entrance, and kitchen orients to city and bay views. Downstairs family room and two additional bedroom suites enjoy easy access to deck and garden paths leading to pool. Expensive decks and patios invite relaxed enjoyment of San Diego bay and skyline.















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,228,000. San Francisco County home values have gone up 10.0% over the past year and Zillow predicts they will rise 2.6% within the next year.
      
The median home value in Marin County is $1,060,000. Marin County home values have gone up 9.2% over the past year and Zillow predicts they will rise 1.8% within the next year.

The median home value in Santa Clara County is $1,045,600. Santa Clara County home values have gone up 7.8% over the past year and Zillow predicts they will rise 2.3% within the next 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 median home value in Palo Alto is $2,639,200. Palo Alto home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.8% within the next year

The median home value in Los Altos is $2,840,900. Los Altos home values have gone up 2.8% over the past year and Zillow predicts they will rise 0.6% 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      1188 Diamond Street, San Francisco, CA 94114 with 6 bedrooms, 4 baths 
and 3,991 sq.ft. is listed for sale at $4,750,000.
Showcasing clean contemporary lines and bold design, 1188 Diamond Street is an incredible newly developed residence that has set the new standard for creative architecture and luxury finish. This amazing home features five bedrooms, four bathrooms, dramatic entertaining spaces, a stunning collection of outdoor areas, and spectacular views of San Francisco. The interior features magnificent modern construction, seamlessly merging elements of steel, glass, wood, and natural light to create the perfect blend of light and dark materials. 1188 Diamond sits at a prime Noe Valley location, easily walkable to gourmet restaurants, lively cafes, trendy boutiques, and beautiful parks.










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      1118 Lakeview Blvd. E Unit 4, Seattle, WA 98102 with 3 bedrooms, 3 baths 
and 3,860 sq.ft. is listed for sale at $2,800,000.

Your one of a kind penthouse is perched perfectly above Lake Union; your lifestyle built on the rock-solid foundation of historic Seattle & the new economy: Capitol Hill & South Lake Union; location & convenience. A secure elevator delivers you directly to impressive levels of award winning luxury architecture; generously sized rooms with jaw-dropping unobstructed views to forever take your breath away. Several private outdoor decks deliver entertaining options for every occasion. Very unique!










Today's Top Real Estate News
Home Equity Increases, Average Gains Vary Widely 
Sep 21 2017, 2:05PM

Rising home prices continue to fuel fast growth in household equity.  CoreLogic said on Thursday that owners of mortgaged properties in the U.S. (roughly 63 percent of all homes) gained an aggregate of $766 billion in additional equity between the second quarter of 2016 and the same quarter this year.  This is an increase of 10.6 percent in nationwide equity over that period.

The average increase for each homeowner was just under $13,000, but the distribution is far from even across the states. A few states in the west, notably Washington, Hawaii, and California, with equity gains of $40,000, $33,000 and $30,000 respectively, have offset much poorer performances elsewhere. Homeowners in Alaska saw their equity decline by an average of $1,200 and Delaware homeowners also posted a tiny loss.



On the other side of the ledger, the number of underwater homes declined by 10 percent from the first quarter of 2017, to 2.8 million properties, or 5.4 percent of mortgaged homes. A year earlier 7.1 percent of mortgaged homes had been underwater, a total of 3.6 million properties. This is an annual decrease of 22 percent. Negative equity had peaked at 26 percent of mortgaged properties in the fourth quarter of 2009.

Nevada, the state most heavily impacted by the foreclosure crisis, still has the highest negative equity share, 10.62 percent.  It is followed by Florida at 10.03 percent and Illinois at 9.56 percent.

"Over the last 12 months, approximately 750,000 borrowers achieved positive equity," said Dr. Frank Nothaft, chief economist for CoreLogic. "This means that mortgage risk continues to decline and, given the continued strength in home prices, CoreLogic expects home equity to rise steadily over the next year."

The aggregate value of negative equity rose slightly from Q1 to Q2, from $284.2 billion to $284.4 billion, an 0.1 percent gain.  However, it dropped by approximately $700 million or 0.2 percent from Q2 2016 to the same quarter this year.

"Homeowner equity reached $8 trillion in the second quarter of 2017, which is more than double the level just five years ago," said Frank Martell, president and CEO of CoreLogic. "The rapid rise in homeowner equity not only reduces mortgage risk, but also supports consumer spending and economic growth."

CoreLogic estimates another 5 percent increase in home values would lift another half-million homes into positive equity. 
Today's Mortgage Rates
Rates Show Resilience But Not Without Help
Sep 22 2017, 4:27PM


Mortgage rates held their ground yesterday.  That was a refreshing development given the abrupt move higher over the past 2 weeks and a relatively threatening reaction to Wednesday's Federal Reserve events.  Now again today, rates have managed to hold their ground.  In some cases, lenders improved by token amounts.  If yesterday was refreshing, today would be doubly so.

But the refreshment comes with caveats.  We don't really know what the natural direction would have been for rates today because underlying markets were clearly affected by overnight headlines regarding North Korea potentially testing an ICBM with a Hydrogen warhead in the Pacific Ocean.  In general, these sorts of headlines lead investors to shed risk--something that frequently takes the form of selling stocks and buying bonds.  When investors buy bonds, rates move lower.

Bottom line, the North Korea news helped bond markets (which drive mortgage rates) overnight, and investors were hesitant to push back too hard against that bond rally.  This means we'll be waiting until next week before being able to see whether or not this recent display of resilience can stand on its own two feet.

                                                                                  52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.97%3.97%--3.37%4.39%
15 Yr FRM3.27%3.27%--2.72%3.61%
FHA 30 Year Fixed3.60%3.60%--3.20%4.10%
Jumbo 30 Year Fixed4.20%4.20%--3.51%4.60%
5/1 Yr ARM3.20%3.21%-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.