Tuesday, September 5, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

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

#1     3443 Padaro Lane, Carpintera, CA 93013 with 5 bedrooms, 7 baths 
and 5,979 sq.ft. is listed for sale at $18,900,000.

3443 Padaro Ln, Carpinteria, CA 93013

Breathtaking ocean and island views, stunning architecture and impeccable finishes combine to create a sophisticated beachfront lifestyle on coveted Padaro Lane. Offering a extensively remodeled appx. 6,000 sqft 4 bed/4.5bath main residence, large guest house, lighted clay tennis court and plunge pool on expertly poised on a gated 1.13 acre lot with 79' of beach frontage.

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013

3443 Padaro Ln, Carpinteria, CA 93013


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       210 West Orange Grove Avenue, Arcadia, CA 91006 with 6 bedrooms, 7 baths and 9,645 sq.ft. is listed for sale at $5,998,000.

Incredible gated trophy estate on a private, flat 50,369sq.ft. north/south facing lot in the exclusive Oaks, has a modern floorplan with downstairs master suite, guest house with full kitchen and fireplace, north/south facing lighted tennis court and elegant pool/spa. Imposing automatic gates welcome you onto the circular driveway accented with koi pond. Two-story grand entry with winding marble staircase and reception area immediately impresses. To your right is the elegant office with fireplace, custom built-ins and leaded glass windows with serene views of the mature grounds. The formal living room w/ 25ft barrel ceiling, second story overlook and elegant rotonda is perfect for entertaining. Downstairs master bedroom is breathtaking complete w/ fireplace, 2 sitting areas 


















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      7155 East Oakmont Drive, Paradise Valley, AZ 85253 with 5 bedrooms, 5 baths and 6,124 sq.ft. is listed for sale at $5,800,000.



Gorgeous corner golf-course lot Mediterranean villa with 21 Roystonea Royal palm trees like the Scarface mansion and Mar-a-Lago located on the most sought after street in Paradise Valley. Five beautifully proportioned bedrooms, all ensuite. Once in a while a home comes along that is so rich in artisanship and so loaded with flavor that mere words cannot truly do it justice. This timeless corner golf-course lot Mediterranean masterpiece is exactly that, with so much panache, grandeur and style that it's hard to imagine being lucky enough to call it home. 














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      5076 El Mirlo, Rancho Santa Fe, CA 92067 with 4 bedrooms, 5 baths 
and 5,302 sq.ft. is listed for sale at $3,780,000.


Perched high on a on a private parcel of 2.86 acres, with views to the Pacific Ocean, conveniently located on the West-side of the Covenant in Rancho Santa Fe, this enchanting Early California-Spanish Hacienda with guest house, pool with spa, elegant gardens with mature foliage is full of ease, beauty, and tranquility. The property offers an open flowing floorplan, with chef's kitchen, formal dining room, formal living room with fireplace and dual family rooms.














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       28 Spencer Court, Sausalito, CA 94965 with 4 bedrooms, 5 baths and 3,793 sq.ft. is listed for sale at $3,980,000.



Fantastic Panoramic City and Bay views. Mediterranean style  home with indoor/outdoor lifestyle, large usable yard, au-pair unit and separate studio with full bath.   2 Car garage and additional off street parking...Don't miss seeing this gorgeous 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       9818 NE 15th Street, Bellevue, WA 98004 with 5 bedrooms, 5 baths and 5,791 sq.ft. is listed for sale at $3,828,000.

This West Bellevue masterpiece is beyond compare. Commanding street appeal invites you into a warm, spacious home. Luxe details include hand hewn floors, rich stone and more. A thoughtful floor plan indulges your every wish. The kitchen, family room area is a dream with gourmet appliances, expansive island and indoor/outdoor dining areas. Fabulous master suite deck with vistas of Mt. Rainier and Bellevue. For indoor play, enjoy the amazing entertainment level. An easy walk to downtown Bellevue!









Today's Top Real Estate News
12 States Hit Price Peaks, 1 in 3 Metros are "Over-Valued"
Sep 5 2017, 9:38AM

By Jann Swanson
Mortgage News Daily

Black Knight Financial Services put a coda on home price reports for June while CoreLogic opened the next round for July. Both report another round of strong price gains during their respective periods.

Black Knight says its national-level Home Price Index (HPI) set another new record in June, rising 0.9 percent from May and 6.2 percent year-over-year. The Index is now at $281,000.  Home prices increased by 5.5 percent for the year-to-date through June.
While the 6.2 percent annual increase marks an acceleration from May's year-over-year gain of 6.1 percent, the rate of monthly appreciation is down 0.2 percentage point from May. 

It is the first time that measure has been lower than 1.0 percent since February.
May to June gains were posted in all 50 states with Michigan and Wisconsin leading at 1.9 and 1.8 percent respectively. Twelve of the 20 largest states established new price peaks during the month.

Carson City Nevada led among metropolitan areas for the second straight month with a 2.2 percent change, but Detroit was close on its heels at 2.1 percent. Among the nation's 40 largest metros, Las Vegas, Nashville, and Seattle have all seen year-over-year gains of 10 percent or higher

Moving into July, CoreLogic reports that prices measured by its HPI were up by 6.7 percent on an annual basis and increased by 0.9 percent from June. The year-over-year appreciation was identical to the increase in June, but the monthly gain decelerated from 1.1 percent.  So far this year the annual increases in the CoreLogic HPI have averaged 6.8 percent.



 "In July, home price growth in the Pacific Northwest and mountain states led the nation with the highest appreciation rates," said Dr. Frank Nothaft, chief economist for CoreLogic. "The sharp increase in prices in Washington and Utah has been especially striking, with home price growth in both states accelerating by 3 percentage points since the beginning of this year."

CoreLogic said its analysis of the largest 100 metro areas in the country found the housing stock in 34 percent of them to be overvalued while 28 percent were undervalued. Of the top 50 markets, 46 percent were deemed overvalued, 16 percent were undervalued and 8 percent were at value. The company's Market Conditions Indicators (MCI) categorizes home prices in individual markets by comparing home prices to their long-run, sustainable levels, which are supported by local market fundamentals, such as disposable income.   An overvalued housing market as one in which home prices are at least 10 percent higher than the long-term, sustainable level, while an undervalued housing market is one in which home prices are at least 10 percent below the sustainable level.

Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 5 percent on a year-over-year basis from July 2017 to July 2018, and on a month-over-month basis by 0.4 percent from July 2017 to August 2017. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

"Home prices in July continued to rise at a solid pace with no signs of slowing down," said Frank Martell, president and CEO of CoreLogic. "The combination of steadily rising purchase demand along with very tight inventory of unsold homes should keep upward pressure on home prices for the remainder of this year. While mortgage interest rates remain low, affordability cracks are emerging as over a third of U.S. top cities are now overvalued."
Today's Mortgage Rates
Mortgage Rate Rally Stalls Despite Weak Jobs Report
Sep 1 2017, 2:24PM

Mortgage rates were sideways to slightly higher today despite a weak reading of the Employment Situation (aka "the jobs report").  This is traditionally the most influential piece of economic data on any given month as far as bond markets (which drive mortgage rates) are concerned.  Recent intractability of inflation combined with several years of solid jobs gains have increasingly robbed this report of that historical influence.  

Don't get me wrong.  The jobs report is still a big trading day for markets.  It's just that we're not seeing bonds end up where past precedent would suggest.  Specifically, today's report would clearly suggest lower rates by the end of the day.  Instead, the average lender is slightly higher.  

Part of that has to do with the fact that rates improved fairly solidly for the past 2 months and that rally may be getting ready to take a breather.  There was also other economic data this morning that DID suggest rates move higher (ISM Manufacturing... another top-tier report, but not historically in the same league as the jobs data).

Ultimately, today only saw a token amount of weakness in bonds/rates.  With congress back in session next week and the European Central Bank set to discuss its bond buying plans in 2018, we should know more about whether the recent rate rally is bouncing or just leveling-off.                                                                                                                 
                                                                                                                       52 Week 
                
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.90%3.89%+0.013.37%4.39%
15 Yr FRM3.18%3.18%--2.72%3.61%
FHA 30 Year Fixed3.50%3.45%+0.053.20%4.10%
Jumbo 30 Year Fixed4.18%4.17%+0.013.50%4.60%
5/1 Yr ARM3.18%3.18%--2.80%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.