Wednesday, October 25, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      7825 Atlantic Way, Miami Beach, Florida 33141, with 7 bedrooms, 9 baths and 8,500 sq.ft. is listed for sale at $22,500,000.



Spectacular new contemporary OCEANFRONT home featuring impeccable architectural details with the finest materials and elegant finishes. This luxurious waterfront home offers 8500 sqft of living area + pool, spa, gym, summer kitchen, elevator, 2 separate guest suites, 24 hr security, 2000 sqft rooftop terrace plus parking for 7 cars. Enjoy the rare privacy & exclusivity of Altos Del Mar: a gated community of oceanfront residences located between 77th & 79th streets in Miami Beach.











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      6219 Camino De La Costa, La Jolla, CA 92037 with 4 bedrooms, 6 baths and 3,958 sq.ft. is listed for sale at $6,950,000.


We proudly present this once in a lifetime coastal estate located in La Jolla's desirable Lower Hermosa steps from Windansea Beach. This home offers majestic and panoramic ocean views from almost every room. A perimeter wall with gated entry provides private enjoyment and entertaining of the patios, gardens, pool and charming guest apartment. On the market for the very first time, this legacy estate is truly a jewel in the one of the finest locales in the world.














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     1201 Stone Canyon Road, Los Angeles, CA 90077 with 6 bedrooms, 7 baths and 6,101 sq.ft. is listed for sale at $11,995,000.

1201 Stone Canyon Rd, Los Angeles (City), CA 90077

A rare opportunity to own one of the largest lots on Stone Canyon. This property is very private with impeccable gardens, trees, and private hiking trails. The traditional style home was originally built in 1935 and has since been updated, but still holds a lot of its original charm. The property has 6 large bedrooms and 7 bathrooms. It also has a private salon and bar/study lounge. 1201 Stone Canyon sits on just over 2.7 acres and is a classic Bel-Air dream home. This property suited for an end user, but also has potential for an investment/development opportunity.

1201 Stone Canyon Rd, Los Angeles (City), CA 90077

1201 Stone Canyon Rd, Los Angeles (City), CA 90077
1201 Stone Canyon Rd, Los Angeles (City), CA 90077

1201 Stone Canyon Rd, Los Angeles (City), CA 90077

1201 Stone Canyon Rd, Los Angeles (City), CA 90077

1201 Stone Canyon Rd, Los Angeles (City), CA 90077

1201 Stone Canyon Rd, Los Angeles (City), CA 90077


 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       27555 North 103rd Way, Scottsdale, AZ 85262 with 4 bedrooms, 5 baths and 6,580 sq.ft. is listed for sale at $3,750,000.
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Elegant and Rustic Arizona-style on an elevated lot with panoramic views of Pinnacle Peak in Estancia * Extensive use of timeless reclaimed materials throughout the property includes hundreds of 150-year old barn beams, rusted corrugated metal, reclaimed barn wood siding, 100-year old wood flooring and hand carved doors from India * The main residence includes a master suite plus two guest suites, an office & a media room while the guest house includes a living area, bedroom ensuite and a loft sleeping area for kids * The courtyard entrance is a dramatic oasis of stacked boulders and flagstone surrounding a pool and spa with cascading waterfalls and multiple fire features *




















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      2028 Leavenworth Street, San Francisco, CA 94133 with 4 bedrooms, 6 baths and 4,816 sq.ft. is listed for sale at $10,000,000.



Certain opportunities come along once in a generation. A chance to purchase this new, dazzling view home of nearly 5,000 square feet is one of those opportunities. The ultimate in design and craftsmanship atop fabled Russian Hill, 2028 Leavenworth is the apex of luxury, style and utility. Rarely does a new home offer this attention to detail and commitment to the finest finishes, fixtures and state of the art components in a relaxed and natural setting. There is an organic sense to the home from the living wall ascending from the public rooms to the panoramic view roof deck. This home is an experience, not just a place to live. Come and view this extraordinary property and relish in the perfect harmony of design and craftsmanship.















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       11431 North Dogwood Lane, Woodway, WA 98020 with 5 bedrooms, 4 baths and 8,368 sq.ft. is listed for sale at $2,670,000.



Located on 2.57 secluded acres on Dogwood Lane in Woodway. This outstanding home features 5 bed, 4 bath, remodeled kitchen, office, Rec room, & 6-car garage. Property is fully-fenced w/ a security gate. It features lawns and forest for privacy. Pond w/ waterfall. The home has a cedar exterior, craftsmanship interior woodwork, high ceilings and skylights. A newly remodeled space w/ separate entrance, bath & balcony is ideal for a mother-in-law apartment or game-rec room. 






   

Today's Best Mortgage Rates
Mortgage Rates Jump to 3-Month Highs 
Oct 24 2017

Mortgage rates jumped abruptly higher today for many lenders after reports of an informal show of hands in favor of John Taylor as Trump's potential Fed Chair nominee.  Taylor is one of two candidates being seriously considered, and he's generally seen as being less rate-friendly than the other candidate, current Fed board member Jerome Powell.  Trump indicated he was "very very close" to making a decision yesterday, so markets are especially sensitive to headlines that seem to answer the question: how will be the next person to lead the world's biggest and most influential central bank?

The Fed doesn't specifically set mortgage rates, but Fed policies have far-reaching consequences for the broader bond/rate market.  Most mortgages are securitized--basically, they become bonds--and thus tend to move with substantial correlation to more mainstream bonds like 10yr Treasury Notes.  On that note (pun optional), 10yr yields broke over 2.42% for the first time since May 2017 today.  Some investors view this as evidence of a big-picture shift toward even higher rates.  They may be right!  But other investors are waiting to see who Trump actually nominates and are also keeping an eye on other variables like the European Central Bank's policy announcement coming up on Thursday, as well as domestic legislative efforts (especially tax reform potential). \

In the meantime, mortgage rates are as high as they've been since early July, but that's still the most alarming way to phrase the reality because the gap between the very lowest rates last week and this afternoon's highest rates is still less than one eighth of one percent for almost every lender.  That's $7/mo per $100k financed.  While that's not insignificant over time, it keeps rates operating in a historically narrow range and still much closer to long-term lows than anything else.                                                       
                                                                                                                      52 Weeks

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.02%3.98%+0.043.55%4.39%
15 Yr FRM3.31%3.28%+0.032.86%3.61%
FHA 30 Year Fixed3.65%3.60%+0.053.35%4.10%
Jumbo 30 Year Fixed4.20%4.17%+0.033.71%4.60%
5/1 Yr ARM3.24%3.21%+0.032.88%3.25% 

Today's Top Real Estate News Article
New Home Sales - A Blowout

By Jann Swanson
Mortgage News Daily

Analysts had predicted new home sales number would retreat again in September, on the heels of a 9.4 percent loss in August.  Whoops!

September's results from the U.S. Census Bureau and the Department of Housing and Urban Development were far beyond anyone's expectations. Sales of newly constructed single-family homes were at a seasonally adjusted annual rate of 667,000 units, an 18.9 percent month-over-month increase and 17 percent above the September 2016 pace.  The earlier estimate for August was revised upward, but only by 1,000 units to 561,000.
Analysts polled by Econoday had expected sales to be in the range of 540,000 to 590,000. The consensus was 555,000.

On a non-adjusted basis there were 52,000 new homes sold during the month compared to 45,000 in August.  Despite two hurricanes hitting the region in late August and early September, more than half of the sales, 31,000, were in the South.

At the end of the reporting period, the number of homes that were available for sale was an estimated 279,000, unchanged from August.  However, because of the dramatic increase in the rate of sales, the estimated inventory, which had finally climbed to a 6-month supply in August, dropped by a full month.

The average time a new home has been on the market since completion is 3.2 months. Of the homes sold in September, less than a third were ready for occupancy.
The median price of a home sold in September was $319,700 and the average price was $385,200.  The comparable prices in September 2016 were $314,800 and $366,100 respectively.

Sales were up in all four regions with two showing some real strength. Sales in the Northeast increased by 33.3 percent month-over-month and were 54.8 percent higher than a year earlier. The Midwest posted a 10.6 percent gain from August, but sales were down 2.7 percent from a year earlier.

Sales in the South surged by 25.8 percent and were 23.1 percent ahead of September 2016. The West saw sales increase by 2.9 percent and 4.4 percent from the two earlier periods.

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.