Friday, October 13, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      4501 Camden Drive, Corona Del Mar, CA 92625 with 6 bedrooms, 8 baths and 10,168 sq.ft. is listed for sale at $24,000,000.


With an exquisite juxtaposition of raw and refined materials, this incredible estate was designed with exceptional materials, planning, detail & furnishings by Spinnaker Development. Spinnaker's newest and most innovative build to date incorporates traditional architectural materials and form while introducing a contemporary open floor plan concept, pursuing maximum ocean views. Dramatic and expansive indoor / outdoor living elements and modern technology are blended with custom and imported detailing to create a truly unique coastal living experience, ideal for the prestigious Cameo Shores Community. The gorgeous kitchen features a top of the line Wolf and Sub Zero suite with two Bosch dishwashers, beautiful Lumix countertops & a fully functional butler's kitchen. The master suite has custom made furnishings, including a pop up television cabinet, automated window treatments, his & her Toto washlets, round soaking tub, all slab steam shower, all with the Pacific Ocean as a backdrop. The dramatic entry includes a custom built twelve-foot mahogany door with hydraulic pivot and provides breathtaking views out to the mosaic glass tiled infinity edge pool with a glass bottom cantilevered over the living space below. The lower level has a dedicated movie theater with acoustic paneling and 137" screen, a great room for the sports enthusiast with 6 panel 4K media wall, oversized bar with all the amenities, walk in wine cellar, private grotto, as well as a private lower level suite. 







Today's Top San Diego Luxury Estates


The median home value in San Diego County is $552,400. San Diego County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.5% within the next year.

The median home value in Coronado is $1,488,500. Coronado home values have gone up 3.1% over the past year and Zillow predicts they will rise 1.3% within the next year. 

The median home value in La Jolla 92037 is $1,538,100. 92037 home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.0% within the next year.

The median home value in Solona Beach 92075 is $1,284,600. 92075 home values have declined -4.2% over the past year and Zillow predicts they will rise 2.0% within the next year. 

The median home value in Del Mar 92014 is $1,616,500. 92014 home values have gone up 3.0% over the past year and Zillow predicts they will rise 0.9% within the next year.

The median home value in Rancho Santa Fe is $2,698,700. Rancho Santa Fe home values have gone up 6.0% over the past year and Zillow predicts they will rise 0.7% within the next year. 

#1     6809 Alydar Corte, Rancho Santa Fe, CA 92067 with 8 bedrooms, 9 baths and 10,768 sq.ft. is listed for sale at $7,900,000.


Presenting an unparalleled setting for grand living, this exceptional custom residence behind the gates of Rancho Santa Fe's exclusive Del Rayo Estates enclave is without compare. Nestled on a 4.79-acre gated home site, the sprawling compound reveals a Mediterranean-inspired villa of approx 10,786sqft with 7 bedrooms, 7 full and 2 half baths, luxurious master suite, guest house, home theatre, wood-paneled office, resort like pool and spa, lighted tennis court, garage parking for 8 cars, privately gated.



















Today's Top LA Luxury Estate.


The median home value in Orange County is $689,800. Orange County home values have gone up 4.0% over the past year and Zillow predicts they will rise 1.1% within the next year
         
The median home value in Los Angeles County is $572,900. Los Angeles County home values have gone up 6.8% over the past year and Zillow predicts they will rise 1.5% within the next year.

The median home value in Newport Beach is $1,654,400. Newport Beach home values have gone up 5.3% over the past year and Zillow predicts they will rise 1.0% within the next year. 

The median home value in Santa Monica is $1,410,500. Santa Monica home values have gone up 2.2% over the past year and Zillow predicts they will rise 0.3% within the next year.

The median home value in Brentwood 90049 is $2,383,900. 90049 home values have gone up 0.9% over the past year and Zillow predicts they will fall -0.6% within the next year.

The median home value in Pacific Palisades is $2,731,400. Pacific Palisades home values have gone up 5.0% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Malibu is $2,933,500. Malibu home values have gone up 7.7% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Bel Air is $3,272,700. Bel Air home values have gone up 3.7% over the past year and Zillow predicts they will fall -0.3% within the next year

The median home value in 90210 is $4,892,500. 90210 home values have gone up 9.4% over the past year and Zillow predicts they will rise 0.9% within the next year.


#1     1540 Oak Grove Avenue, San Marino, CA 91108 with 5 bedrooms, 8 baths and 9,200 sq.ft. is listed for sale at $14,800,000.


This majestic French Provincial Estate located above Lacy Park exemplifies luxury and is situated on one of San Marino's most exclusive streets. Attention to every detail inside and out make this residence one of the most prestigious in all of Los Angeles. On the market for the first time in its history, this grand single story estate home is truly one of a kind. It was designed by renowned architects Robert Woolf and Robert Koch who are known for designs with high ceilings and intricate detail.
















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 home value in Maricopa County is $245,700.  Maricopa County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.4% within the next year.

The median home value in Scottsdale is $426,100. Scottsdale home values have gone up 3.8% over the past year and Zillow predicts they will rise 1.3% within the next year

The median home value in Carefree is $747,800. Carefree home values have gone up 5.9% over the past year and Zillow predicts they will rise 1.7% within the next year.

The median home value in Paradise Valley is $1,604,500. Paradise Valley home values have gone up 2.9% over the past year and Zillow predicts they will rise 0.7% within the next year.

#1     5333 East Palomino Road, Phoenix, AZ 85018 with 4 bedrooms, 10 baths and 10,031 sq.ft. is listed for sale at $5,000,000.


''El Palacio'' A Work of Art A Masterful Design And Old World One-Of-A-Kind Lavish Luxury Home Just Over 10,000 sf. With Over 1.2 Acres Of Lush Grounds All Uniquely Embodied In This 4 Bedroom 10 Bath Exclusive Estate. A Spectacular Location With Spectacular Views Of Camelback Mountain. This Estate Was Built For Entertaining & Yet Has A Cozy At Home Feeling To Enjoy Living Areas With Family & Guests. The Magnificent Decor Is Endless From The Extraordinary Fireplaces To The Intricate Custom Doors And Trim In Addition To The Mansion Style Kitchen. The Original Interior Cost Over $1000 Dollars Per Square Foot & Upgrades Cost Approximately $14 Million Dollars During The First 8 Years After It Was Built. Home Is Currently Getting Some Refinements, Should Be Completed 45 Day There Are Four Enormous Bedrooms and Private Bathrooms through out The Home Including a Elegant Master Suite and Guest Quarters.
















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,234,800. San Francisco County home values have gone up 10.7% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Marin County is $1,060,900. Marin County home values have gone up 8.6% over the past year and Zillow predicts they will rise 2.2% within the next year. 
     
The median home value in Santa Clara is $1,121,300. Santa Clara home values have gone up 10.0% over the past year and Zillow predicts they will rise 3.6% within the next year.        

The median home value in Sausalito is $1,289,700. Sausalito home values have gone up 7.6% over the past year and Zillow predicts they will rise 1.9% within the next year.          
The median home value in Tiburon is $2,509,800. Tiburon home values have gone up 5.7% over the past year and Zillow predicts they will rise 1.7% within the next year.

The median home value in Palo Alto is $2,660,200. Palo Alto home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in Los Altos is $2,852,400. Los Altos home values have gone up 3.7% over the past year and Zillow predicts they will rise 1.4% within the next year.         

The median home value in Saratoga is $2,531,200. Saratoga home values have gone up 7.6% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Atherton is $6,472,600. Atherton home values have gone up 6.8% over the past year and Zillow predicts they will rise 2.3% within the next year. 

#1      215 Cherry Street, San Francisco, CA 94118 with 6 bedrooms, 7 baths 
and 5,250 sq.ft. is listed for sale at $7,995,000.


Come home to this exceptionally elegant and comfortable single-family residence in one of San Francisco's most desirable neighborhoods. With 5,250 SQUARE FEET of modern living space, this expansive four-story home boasts SIX BEDROOMS and SIX AND A HALF BATHROOMS, presenting grandeur at every turn. Its timeless design and thoughtful layout creates remarkable interior and exterior spaces ideal for everyday living and entertainment in one of the world's most renowned cities, with easy access to surrounding areas and amenities.














Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $586,500. King County home values have gone up 14.9% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Kirkland is $692,100. Kirkland home values have gone up 18.0%         over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Seattle is $690,200. Seattle home values have gone up 14.3% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Bellevue is $842,900. Bellevue home values have gone up 15.7% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Mercer Island is $1,406,800. Mercer Island home values have gone up 10.5% over the past year and Zillow predicts they will rise 4.3% within the next year.

The median home value in Clyde Hill is $2,603,600. Clyde Hill home values have gone up 17.7% over the past year and Zillow predicts they will rise 6.4% within the next year.             

The median home value in Medina is $2,667,700. Medina home values have gone up 18.3% over the past year and Zillow predicts they will rise 6.2% within the next year.


#1      11011 SE Lake Road, Bellevue, WA 98004 with 3 bedrooms, 3 baths 
and 2,740 sq.ft. is listed for sale at $3,500,000.


Blue skies and dancing clouds act as a frame work for sunrises, sunsets and maritime performances. Resort living year round, clam bakes on the beach, s'mores at the fire pit, boating off the dock or weddings on the manicured lawns. Utter relaxation, bright and open, completely reinvented lake house. Freedom of open spaces with walls of windows on mostly one level, exceptional materials and design, endless perks, library loft, separate guest house, gated acreage. Unending views, a true treasure.
















Today's Best Mortgage Rates
Be Careful What You Read About Mortgage Rates Today
 
Oct 12 2017, 7:19PM


Mortgage rate data collection is tricky business.  Some sources rely on survey data that can have a limited collection window and a significant lag.  Other sources rely on incredibly aggressive quotes that tend to have caveats that limit the rates' availability and applicability to the average top tier scenario.  We take a different approach that takes all the potential distortion and confusion out of the process.  The result is the most accurate day-over-day mortgage rate movement available, and today's a good day for it.

Reason being: today is Thursday!  Why is Thursday cause for exclamation?  It's the day of the week that Freddie Mac's Primary Mortgage Market Survey is released.  This is the long-standing benchmark for mortgage rates as far as financial markets and news media is concerned.  There's nothing wrong with it over the long term.  It actually tends to track fairly well with our numbers (but again, over the long run). 

Over shorter time frames, Freddie's survey can miss the mark because only Monday and Tuesday carry much weight in determining a number for the entire week.  Last Tuesday was the best day of that week for rates and this Tuesday was the worst day of the week for rates.  As such, Freddie is reporting a big jump higher. 

Looking at the rest of the respective weeks, we see rates rise into the end of last week and fall each day of the current week.  In fact, there are more than a few lenders who are quoting better rates today than they did on ANY day in the previous week.  That improvement will be reflected in Freddie's numbers next week, assuming a market shock doesn't send day-over-day rates screaming higher tomorrow or Monday.

For what it's worth, we're still not talking about very big moves.  Most of the change from one day to the next has come in the form of the upfront costs associated with any given rate.  For example, if you were being quoted 4.0% on Tuesday, you'd still likely see 4.0% today, but with slightly lower closing costs (or a slightly higher lender credit, depending on your scenario). 
                                                                                 52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.96%3.97%-0.013.54%4.39%
15 Yr FRM3.25%3.26%-0.012.85%3.61%
FHA 30 Year Fixed3.60%3.60%--3.35%4.10%
Jumbo 30 Year Fixed4.16%4.17%-0.013.70%4.60%
5/1 Yr ARM3.21%3.20%+0.012.86%3.25%

Today's Top Real Estate News 

Comparing Housing Booms and Busts


By Jann Swanson
Mortgage News Daily

With home prices nearly back to where they were when the housing crisis began, CoreLogic's principal economist Molly Boesel compares the duration of the recent cycle to those of other downturns.  While there hasn't been a comparable period of performance nationwide, she looks at several regional ones.

After hitting peak in 2006, the national price level fell for five years, finally reaching bottom in March 2011.  Most other sources set the date for the bottom of the market to exactly a year later which may indicate they are using inflation adjusted numbers.  From peak to trough, prices fell 33 percent nationally. As of July 2017, CoreLogic data shows prices were approximating the 2006 level. 

Boesel compares these numbers to those of the Texas oil bust in the mid-1980's which resulted in a 16 percent decline over 3.5 years. The peak to recovery cycle in that downturn took nearly nine years.  In the early 1990s in California, defense and manufacturing job losses led to home price declines in that state. After falling by 15 percent over five and a half years, home prices in California fully recovered after eight years.  The U.S. home price decreases that started in 2006 were twice as severe as these two regional declines.



While national home price numbers are nearly back to their peak, the recovery is far from even. Nevada, where prices dropped the farthest of any state, 60 percent, the 11-year period that has elapsed has left the state 27 percent short of its March 2006 peak. In Colorado, on the other hand, prices fell 14 percent from an August 2007 peak but have now surpassed that peak by 42 percent.  Boesel calls Colorado "an extreme case" of rapidly rising prices, but says 34 states are now above their pre-crisis home price levels.


Boesel says inflation should also be factored into the pace of recovery.  From the peak in housing prices through this past July, the inflation has totaled just under 18 percent. When home prices are adjusted for that, the trough was deeper, down 40 percent from the beginning of the cycle, and the recovery shallower; prices remain 17 percent off the peak


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.