Wednesday, September 27, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

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

#1      10711 Strait Lane, Dallas, Texas 75229 with 10 bedrooms, 21 baths 
and 37,000 sq.ft. is relisted and reduced to $27,995,000.

Escape to this Caribbean Resort like property with 4.4 acres, 10 minutes from Downtown Dallas. This in incredible estate designed by Robbie Fusch consist of a Family Living side and an Recreational, Guest Living side for a total of 10 Bedrooms, 11 Full Baths and 10 Half Baths. Endless entertaining opportunities with a one of a kind amenities list; Indoor Basketball Court, Outdoor Sport Court and Tennis Court, a Bowling Alley, 10 Car Garage, Multiple Kitchens, Movie Theaters, Cabana's and Guest Suites. To top off the amenities list, a Water Park with Three Slides, an Interactive Lazy River with Animatronics, Waterfalls, a Grotto, Dive Platform with Zip Line, and a Palapa with Outdoor Entertaining Space. Now reduced from $32,000,000 to $27,995,000.!!!

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      671 Latimer Road, Santa Monica, CA 90402 with 5 bedrooms, 7 baths 
and 5,655 sq.ft. is listed for sale at $18,000,000.


This Architectural Masterpiece by Chu + Gooding Architects is nestled off Latimer Rd in coveted SM Canyon. This exceptionally well designed home on an expansive lot is perfectly positioned to capture light throughout the day. This home opens to a natural setting and includes; glass walled living room w/ wood burning fp, dining room ideally placed for open entertaining & sliding glass walls to large outdoor patios, wood burning fireplace near pool, open chef's kitchen w/ butler's pantry, cozy media room, 5 large bedrooms, 5 bathrooms and 2 powder rooms, extra reading nooks, & 2 private offices. The manicured large grassy backyard with pool & spa is filled with exceptional mature sycamore trees and ancient redwood trees all abutting a private creek side garden which offers an abundant wildlife setting. This exquisite piece of dramatic contemporary architecture on one of the most private, serene roads near the Pacific ocean is a rare paradise.

















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       37 Biltmore East, Phoenix, AZ 85016 with 8 bedrooms, 11 baths 
and 10,293 sq.ft. is listed for sale at $6,200,000.



Spectacular Value; Grand European Estate on the famed Biltmore Circle now Reduced by $2.5M Commercial Grade Construction, Imported Materials, and Elegant Finishes Create a Statement Home. Italian Slab Marble, Gold Leaf, Crackled Molding, Crystal Chandeliers, and Custom Elevator Grace this 8 BR Residence. Dramatic Foyer with Floating Staircase, Stunning Formal Living Room and Dining Salon are sure to Impress. Clive Christian Kitchen Opens To Comfortable Family Room with Signature FP. Moroccan Inspired Game Room with Bar Captures Essence of Casablanca. Romantic Master Suite Enjoys Major Closet. Premium Golf Course Lot with Perfect Mountain Views Frame Patio Living and Tiled Pool. Main Home +2 BR Guest House + Private 3-Suite Guest Quarters Lives like 3 Homes for an Ideal Family Compound. 




















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      1685 Marisma Way, La Jolla, CA 92037 with 5 bedrooms, 5 baths and 4,824 sq.ft. is listed for sale at $4,600,000.




This private and pristine luxury home is situated on a useable half-acre lot in the coveted West Muirlands neighborhood of La Jolla. Newly rebuilt in 2016 this gorgeous residence offers incredible craftsmanship & elegant custom finishes throughout. The open flow of the home allows for interactive family living and entertaining. Bi-Folding doors off the kitchen and living leads to the covered patio and expansive lush backyard. Ocean and sunset views from the second story and roof deck will memorize you.









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      101 Spruce Street, San Francisco, CA 94118 with 4 bedrooms, 4 baths 
and 4,000 sq.ft. is listed for sale at $8,250,000.



Elegant Estate has an east-facing facade and front door, yet the home 'lives' on one of the best blocks of Jackson Street - a flat block surrounded by stately homes. Foyer features a delightful window seat beneath the wrought-iron staircase. LR with fireplace and verdant streetscape outlooks. Formal diningroom opens to the brkfst rm overlooking the garden with South exposure. Remodeled kitchen with stainless appliances and granite counters. Butler's pantry with elevator that services every level..  Master suite with a peek of the bay, a remodeled bath, and a large walk-in closet. Top floor family room with bay views, full bath, roof top terrace,  spectacular Presidio and Bay views.  











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      3914 W Barrett Street, Seattle, WA 98199 with 5 bedrooms, 6 baths 
and 7,240 sq.ft. is listed for sale at $5,,960,000.




Grand Mediterranean estate with two structures, sparkling pool, spa and unmatched city-and-water views.Main house has spacious interiors with high ceilings, top-notch surfaces andantique accents. Gorgeous kitchen, living, dining rooms,  incredible master suite, 8 fireplaces, game room with full bar, and an elevator!  Second home has 3 bedrooms, two view patios, dramatic 2-story family room. A remarkable oasis in Magnolia with nonstop views and impeccably landscaped grounds.











Today's Top Real Estate News

Home Prices Still Rising; Other Indicators Leveling Off
Seattle was again the superstar among the 20 cities covered by Case-Shiller, reporting a 13.5 percent annual rate of appreciation,

The S&P CoreLogic Case-Shiller U.S. National Home Price Index accelerated again in July, posting a 5.9 percent year-over-year gain compared to 5.8 percent appreciation in June.  The non-seasonally adjusted monthly change was down slightly, 0.7 percent compared to 0.9 percent, while the seasonally adjusted gain ticked up from 0.4 to 0.5 percent.



The 10-City Composite rose by 5.2 percent from its level in July 2016, besting the June annual increase of 4.9 percent. That index rose 0.8 percent on a non-adjusted monthly basis and posted a 0.4 gain after adjustment.  The 20-City Composite also accelerated, going from a 5.6 percent annual change in June to 5.8 percent in July.  The non-adjusted and adjusted monthly indices were up 0.7 and 0.3 percent respectively. All 20 cities had price increases before seasonal adjustment, 17 afterward.

Analysts polled on their expectations for the 20-City Composite were on target with a year-over-year estimate of 5.9 percent and a seasonally adjusted monthly change of 0.3 percent.  Econoday, which conducted the survey also advised readers to keep an eye on upcoming Case-Shiller reports for August and September, which will include data on cities hit by the two recent hurricanes.

Seattle was again the superstar among the 20 cities covered by Case-Shiller, reporting a 13.5 percent annual rate of appreciation, overshadowing the 7.6 percent increase posted by Portland, Oregon and Las Vegas's 7.4 percent gain. Twelve cities reported greater price increases in the year ending in July versus the year ending June.  Both Seattle and Portland's annual returns show housing prices in the highest tier to be the most stable while housing prices in the low tier are the most volatile.


David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices provided the following analysis of July's results. "Home prices over the past year rose at a 5.9 percent annual rate," he said.  "Consumers, through home buying and other spending, are the driving force in the current economic expansion.

"While the gains in home prices in recent months have been in the Pacific Northwest, the leadership continues to shift among regions and cities across the country. Dallas and Denver are also experiencing rapid price growth. Las Vegas, one of the hardest hit cities in the housing collapse, saw the third fastest increase in the year through July 2017.

"While home prices continue to rise, other housing indicators may be leveling off. Sales of both new and existing homes have slipped since last March. The Builders Sentiment Index published by the National Association of Home Builders also leveled off after March. Automobiles are the second largest consumer purchase most people make after houses. Auto sales peaked last November and have been flat to slightly lower since.

"The housing market will face two contradicting challenges during the rest of 2017 and into 2018. First, rebuilding following hurricanes across Texas, Florida and other parts of the south will lead to further supply pressures. Second, the Fed's recent move to shrink its balance sheet could push mortgage rates upward."

As of July 2017, average home prices for the MSAs within the 10-City and 20-City Composites are back to their winter 2007 levels.  The National Index is now 5.1 percent higher than its pre-recession peak in the summer of 2006. The two composites are not yet fully recovered and remain 2.2 percent below the 20-City peak and 4.8 percent lower for the 10-City.  All indices are at least up 45 percent from the lows set in early 2012.

The S&P CoreLogic Case-Shiller Home Price Indices are constructed to accurately track the price path of typical single-family home pairs for thousands of individual houses from the available universe of arms-length sales data. The National U.S. Home Price Index tracks the value of single-family housing within the United States. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50 percent appreciation rate since January 2000 for a typical home located within the subject market. 

The National Index has a new all-time high of 194.00, up from last month's peak of 192.60.  The 10- and 20-City Composites had readings of 215.50 and 201.99 respectively.  Los Angeles claims the highest index reading at 266.27 and Cleveland the lowest at 116.89.  
Today's Mortgage Rates
4th Straight Day Without Bad News For Mortgage Rates
Sep 26 2017, 3:09PM

Mortgage rates improved moderately today, making this the 4th straight business day without any new weakness (aka "higher rates").  It's necessary to include "days that haven't been bad" in that tally because two of them merely saw rates hold flat.  That's about as much of a victory as we have been able to hope for ever since Septembers abrupt little rate spike began just over 2 weeks ago.  

What are we talking about here in terms of actual damage?  Well, not much in the bigger picture.  In worst-case scenarios, some borrowers may have seen their rate quotes move an eighth of a percentage point higher during this time.  In general, "improvement" and "deterioration" have been best-measured by the upfront costs associated with any given rate quote while conventional 30yr fixed rates themselves have remained in a 3.875%-4.00% range for top tier scenarios.  

                                                                                                                     52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.95%3.97%-0.023.37%4.39%
15 Yr FRM3.24%3.27%-0.032.72%3.61%
FHA 30 Year Fixed3.60%3.60%--3.20%4.10%
Jumbo 30 Year Fixed4.18%4.20%-0.023.51%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