Thursday, September 28, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

It's lavish. It's huge. It's grand. It's expensive.
#1      10 Serenty Lane, Alamo, CA 94507 with 12 bedrooms, 14 baths and 22,210 sq.ft. is listed for sale at $25,000,000.



Masterfully constructed Chateau with a main residence of over 12,000 sq.ft (per tax records), and additional improvements (pool house, car museum, music room, offices, etc.) totaling tens of thousands of additional square feet of finished space. 100+ acres, of which approximately 11 are fenced, and approximately eight are producing, with mature vineyards (per seller). Immediate, adjoining access to 100,000+ acres of dedicated open space (per SaveMtDiablo.org) for the avid equestrian, hiker, runner, mountain biker, and / or outdoor enthusiast. 15-20 car state-of-the-art car barn / museum (Car/ Motorcycle enthusiasts: As amazing as the rest of the home is, you have got to see this, to believe it!) Pool, Pool House, sophisticated mature gardens. Unparalleled privacy, and unobstructed, panoramic, 10+ mile views, of bucolic rolling hills that simply defy belief. You know you are just minutes from the City, but you can easily convince yourself that you are in the French countryside. 

















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      27475 Latigo Bay View Drive, Malibu, CA 90265 with 5 bedrooms, 6 baths 
and 7,102 sq.ft. is listed for sale at $6,000,000.



Overlooking Malibu's magical coastline, the plateau on which this estate is built takes advantage of the most iconic views including the cliffs of Little Dume Beach, the Queen's Necklace city-lights, Catalina and the open mountainous terrain below. Designed by John Kilbane and built by the current owners in the luxury gated neighborhood, Malibu Pacifica this property has never before been offered for sale! With over 4 acres, the resort style infinity pool/spa are surrounded by lush landscaping, huge patios and nice grassy areas; all positioned to capture the exceptional views. Inside the gated courtyard entry are soaring ceilings, large picture windows & sliding glass doors which welcomes an infusion of light & space. With approximately 7,100 sq/ft of living space & nearly 4,000 sq/ft of patio and deck areas, this estate is designed to live seamlessly both inside/outside. Worth mentioning: 4 car garage, downstairs guest apartment suite w/ kitchenette, all bedrooms en suite. 














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      6100 North Homestead Lane, Paradise Valley, AZ with 8 bedrooms, 9 baths and 7,631 sq.ft. is listed for sale at $3,200,000.



Luxury and Privacy. Private gated estate situated on a quiet cul-de-sac with mountain views. Functional floorplan, bedrooms en suite, Sports bar style room/media room, 3 separate buildings (main house, casita, exercise building), luxury finishes and appointments. Kitchen sub zero full-size refrigerator and freezer, 2 dishwashers, full viking gas range, electric cooktop, warming drawers, custom cabinets,double ovens, island, walk-in pantry. Spacious Master retreat with large bathroom featuring soaking tub, oversized walk-in steam shower with multi shower heads, dual sinks, 2 separate closets with customized interiors, 2 built-in safes. Sports bar/media room with mountain views, multiple refrigerators, ice maker, sink. Greatroom with wet bar.

















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      1141 Muirlands Vista Way, La Jolla, A 92037 with 4 bedrooms, 5 baths 
and 4,300 sq.ft. is listed for sale at $3,795,000.




The view you have been waiting for - a panoramic, unobstructed ocean and sunset view from most rooms of this lovely 4,300 square foot single level home, situated on just under an acre in the heart of the Muirlands. A major renovation completed in January 2016 enhances the already elegant lines of this traditional yet contemporary home. The home features a chef's kitchen, coved and beam ceilings in the family room, and formal living and dining rooms








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      725 Hurlingham Avenue, San Mateo, CA 94402 with 6 bedrooms, 4 baths and 4,180 sq.ft. is listed for sale at $3,998,000.


Rare offering of one of the Park's treasures. Built in 1913, this architectural masterpiece spreads across a large level lot enveloped by colorful landscaping and myriad mature trees. With spacious proportions from the entry up the wide stair case and hallways upstairs, this home was originally envisioned for upscale living and entertaining. The exquisite formal dining room and living room flank the spacious entry while upstairs 6 bedrooms wrap around the central staircase: a sitting room at the front with french doors, a master suite and an additional sunny bedroom with adjacent full bath on one side and 3 spacious bedrooms and a large newly remodeled full bath on the opposite side. Intricate wood paneling and moldings, high coved ceilings, antique lighting sconces, vintage glass doorknobs - period details abound. Yet, an eat-in kitchen, powder room, bright family room with french doors to the level backyard patio and pool area and 3 car garage are features for today's lifestyle. 














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       1343 98th Avenue NE, Clyde Hill, WA 980004 with 5 bedrooms, 6 baths and 6,348 sq.ft. is listed for sale at $3,699,000.




Custom built home in a desirable Clyde Hill neighborhood. No expense spared on the state of the art chef's kitchen with spacious walk in pantry. Master bedroom en suite fit with jetted tub, large shower, his and her WIC, and enclosed toilet with bidet. Roof top deck with 180 degree spectacular mountain and city views. Amenities throughout the home include sauna, surround sound, and central vacuum. Minutes from Bellevue shopping, restaurants, and parks.
















Today's Top Real Estate News

Housing Momentum "Drained" Per Pending Sales Data
Sep 27 2017, 10:10AM


By Jann Swanson
Mortgage News Daily

The prospects for home sales weakened further in August, and the National Association of Realtors® (NAR) has downgraded its sales forecast for the remainder of 2017. In what must be the gloomiest report in some time, NAR announced its Pending Home Sales Index (PHSI) slipped on a monthly basis for the fifth time in six months; the last increase was 1.5 percent in June.  NAR expects the two Hurricanes that hit Texas, Florida, and Georgia to result in slower activity going forward, pulling existing sales below 2016 levels.

The PHSI is a forward-looking indicator based on signed contracts to purchase existing homes. NAR said the measure retreated to 106.3, down 2.6 percent from both the July reading and that of August 2016.  It was also the fourth month out of the last five that the index has failed to outpace its year earlier levels. The August decline takes the index to its lowest level since it posted at 106.1 in January of last year.

The actual PHSI numbers reported today are far below even the most pessimistic expectations.  Analysts polled by Econoday had forecast a decline of 0.2 percent from the July reading.  The range of estimates ran from -0.6 percent to +1.2 percent.

Lawrence Yun, NAR chief economist, says this summer's "terribly low supply levels" have officially drained all of the housing market's momentum over the past year. "August was another month of declining contract activity because of the one-two punch of limited listings and home prices rising far above incomes," he said. "Demand continues to overwhelm supply in most of the country, and as a result, many would-be buyers from earlier in the year are still in the market for a home, while others have perhaps decided to temporarily postpone their search." 

Yun sees little relief from the housing shortages that continue to plague several areas and  believes the housing market has essentially stalled. There could be further complications from the hurricanes Harvey and Irma. The former's damage to the Houston area is already showing up in the August PHSI readings for the South, and Yun expects that will likely continue in the months ahead.  The temporary pause in activity in Florida in the wake of Hurricane Irma will slow overall sales even more in the South starting with the September pending sales report.

In light of the above, Yun now forecasts existing-home sales to close out the year at around 5.44 million, down from his previous forecast of 5.49 million. The new number is 0.2 percent lower than the 5.45 pace of sales last year, whereas an increase, albeit slight, of 0.7 percent had been expected.  He upgraded his estimate for appreciation, now putting the median gain at around 6 percent rather than the 5 percent predicted earlier. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

"The supply and affordability headwinds would have likely held sales growth just a tad above last year," Yun said.  "But coupled with the temporary effects from Hurricanes Harvey and Irma, sales in 2017 now appear will fall slightly below last year.  The good news is that nearly all of the missed closings for the remainder of the year will likely show up in 2018, with existing sales forecast to rise 6.9 percent."

The PHSI in the Northeast fell 4.4 percent to 93.4, and is now 4.1 percent below a year ago. In the Midwest, the index decreased 1.5 percent to 101.8, putting it 3.2 percent below the previous August.  

Pending home sales in the South retreated 3.5 percent to 118.8, down 1.7 percent year-over-year and the West PHSI at 101.3, is down 1.0 percent and 2.4 percent from the two previous periods. 

A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.  The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population
Today's Mortgage Rates
Mortgage Rates Jolted Higher By Tax Plans
Sep 27 2017, 4:49PM

First thing's first: mortgage rates didn't have nearly as bad a day as US Treasuries.  The latter serve as a general benchmark for the former, but can take cues from different sources with varying levels of intensity.  

Today's most widely-discussed cue was yesterday afternoon's release (or "leak") of Trump's tax plan.  It's essentially a thorough bullet-point list that serves as a starting point for a drawn-out legislative process.  At the end of the day, actual tax reform may be quite a bit different than the details being circulated today.  That fact may help explain why there wasn't a bigger, more unified reaction in other markets (like stocks).  

More simply put, if rates were truly reacting exclusively to the promise of economic strength due to tax reform, we'd expect to see movement in other markets to corroborate that story.  Instead, stocks and bonds were fairly disconnected--especially overnight  in Europe, when most of the weakness in bond markets happened.

Thankfully, the weakness in broader bond markets didn't transfer to mortgage rates any more than it did.  The average lender only saw a set-back of several days, thus leaving rates in line with last week's higher levels.  be aware though, rates could easily continue higher tomorrow as the mortgage world gets caught up with the broader bond market.  Bottom line, today's bond market weakness raises the risk of additional momentum toward higher rates.
                                                                               52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.98%3.95%+0.033.37%4.39%
15 Yr FRM3.26%3.24%+0.022.72%3.61%
FHA 30 Year Fixed3.60%3.60%--3.20%4.10%
Jumbo 30 Year Fixed4.20%4.18%+0.023.51%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.

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