Friday, October 27, 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 and 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      6177 El Tordo, Rancho Santa Fe, CA 92067 , 5 units with 10 bedrooms, 10 baths and 6,990 sq.ft. are on the market for $4,995,000.



Unique opportunity to acquire 5 designer furnished condo Villas with 2 BR/2BA each ranging in size from 1,174 to 1,677 Sq Ft. Located in the heart of the village in Rancho Santa Fe, CA this unique opportunity is just steps from the Inn at RSF, RSF Country Club and everything that the downtown village has to offer. Each Villa is a desirable corner unit with plenty of light and openness. All Villas enjoy gourmet kitchens, private patios, common area elevator, 2 covered parking spaces and 2 golf/social memberships to the exclusive RSFCC.









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      700 Berkshire Avenue, La Canada Flintridge, CA 91011 with 7 bedrooms, 
10 baths and 18,190 sq.ft. is listed for sale at $12,995,000.



The Crown Jewel Estate of La Canada Flintridge and Pasadena Showcase House for 2016, this magnificent home is believed to have been designed by noted architect Myron Hunt for Senator Flint. Originally known as the Dryborough Estate, the home was used in the 1976 movie W.C. Fields and Me was also the Pasadena Showcase house in 1987. The estate was renovated and updated recently on one of the most prestigious streets in La Canada Flintridge, the Mission Revival Mansion is surrounded by just under 2 acres of lush grounds, made up of three separate parcels, with the main house features four levels totaling 16,155 square feet (taped) with an elevator going through all levels. The separate guest house sits on its own parcel and 2023 SQ FT of living space




















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      5915 East Calle Del Sud, Phoenix, AZ 85018 with 5 bedrooms, 7 baths 
and 7,875 sq.ft. is listed for sale a $4,500,000.



This brand new custom showpiece, created by the ultra-talented team at Brimley Development is loaded with fresh design trends. A classic, modern vibe shines throughout every beautiful room, from the outstanding chef's kitchen to the breathtaking master retreat. Not a detail was overlooked from the hidden elevator to the restaurant style wet bar, and the finishes are absolutely exquisite. The butler's pantry off the kitchen, the morning bar in the master, and the magnificent wine wall in the dining room are just some of the stylish features that make this home so special, and quality millwork, artistic lighting and multiple custom fireplaces create an amazing atmosphere. The grounds are exceptional offering a gorgeous pool with water features, spacious spa, exposed brick fireplace, and bocce ball court, and fully retractable doors open to beautiful patios that look out onto the breathtaking landscape. Impeccable finishes, design perfection and magnificent ambience just begin to tell the story of the unique custom estate! 


















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      1492 Webster Street, Palo Alto, CA 94301 with 6 bedrooms, 5 baths 
and 4,223 sq.ft. is listed for sale at $8,998,000.



Beautiful 3-story colonial craftsman on park-like lot over 23000 sf. Re-built down to the studs and earthquake retrofitted in 1987. This remarkable Professorville property is a classic among Great American Homes - spacious & elegant, inviting & comfortable in its park-like setting, ready for a lifetime of abundant living or subdivided for development. More than 4200sf of living space rich in well-appointed rooms, all sun-drenched on 3 levels, plus an additional building of more than 1300sf - a potential guest cottage, now a carpentry shop & 4 car+ garage. All this & everywhere graced in delightful style: French doors, divided-light windows, beautiful tilework, plantation shutters, oak floors & cabinetry, multiple window seats, benches, bays & butcher block, door knobs of glass & a curving banister on crisp white spindles rising to a sunny upstairs landing & deep exterior balcony - a luxurious joy of a house. just minutes from Stanford, restaurants & shopping. Excel PA schools. 















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       9216 NE 13th Street, Clyde Hill, WA 98004 with 5 bedrooms, 7 baths 
and 5,667 sq.ft. is listed for sale at $3,998,000.


MN Custom Homes presents this stunning Contemporary on a private road. Green Home & Smart Home features throughout: solar panels, electric car charger, Alexa enabled garage doors, lights+power & much more. Main floor includes a guest suite, Sub-Zero/Wolf appliances, and 2 heated outdoor living areas. Master Suite includes fireplace, private deck, giant walk-in closet & spectacular Bath. Additional rec rooms include a Theatre, bonus play rooms. Nationally ranked Bellevue Schools.












Today's Best Mortgage Rates
Mortgage Rates Are Moving Quickly Higher
Oct 26 2017, 5:22PM

Mortgage rates are in a bit of trouble, having moved higher at the fastest pace since late June in the past few days.  If you've had occasion to read an update on mortgage rates from most major media outlets today, the news is actually worse than you've heard.  The most widely-cited source on any given Thursday is Freddie Mac's weekly Primary Mortgage Market Survey.  While accurate over time, it doesn't account well for day to day changes when things are volatile--especially if those changes occur between Wednesday and Friday.
Unfortunately, Wed/Thu of this week have been worse than any other consecutive days in terms of upward rate movement.  Whereas Freddie's survey suggests rates being roughly 0.06% higher versus last week, the average lender is offering rates today that are just over 0.125% higher compared to last Thursday.  That's an abrupt move for a 7-day window any way you slice it.

What's driving this and what's the damage?

First off, the damage could certainly be worse.  Rates are still near 4.0%, although many lenders are getting back up to 4.125% now, while the more aggressive lenders move up from 3.875% to 4.0% (for absolutely flawless scenarios).  

As for the causes, that's complicated because we can talk about short-term and long-term motivations--both are open to some level of interpretation.  In general though, we know that monetary (the Fed) and fiscal (the government) policy are both in focus.  The selection process for the next Fed Chair is a major consideration for the bond markets that underlie mortgage rates as the Chairperson does more than anyone to set the tone for the Fed's rate-setting policy going forward.  Fed rates, in turn, set the tone for momentum in broader bond markets.

On the fiscal side, both stocks and bonds are intently interested in whether or not lawmakers can pull off some iteration of tax reform.  The details of any such reform matter greatly as far as markets are concerned, but in general, the more hopeful it looks, the better it's been for stocks and the worse it's been for rates.

For now, the rate trend is unequivocally higher, and you should assume that can continue to be the case until we have overwhelming evidence to the contrary.
                                                                                                                           52 Weeks

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.09%4.06%+0.033.59%4.39%
15 Yr FRM3.36%3.34%+0.022.90%3.61%
FHA 30 Year Fixed3.75%3.75%--3.35%4.10%
Jumbo 30 Year Fixed4.26%4.25%+0.013.75%4.60%
5/1 Yr ARM3.25%3.25%--2.89%3.25
Today's Top Real Estate News Article

Luxury Homes Can't Keep Up With High Demand

By Diana Olick
CNBC.com
  • The top 5 percent of homes by price sold in the third quarter saw their values increase 4.9 percent compared with a year ago, hitting an average of $1.71 million, according to Redfin.
  • The number of homes for sale priced at or above $1 million fell just over 18 percent compared with the same period last year


The supply shortage that has been plaguing the nation's housing market for the past two years has now affected the most expensive homes.

The number of multimillion-dollar listings is suddenly dropping, and that is only making these pricey homes, well, pricier.

Luxury home exterior with pool

The top 5 percent of homes by price sold in the third quarter saw their values increase 4.9 percent compared with a year ago, hitting an average of $1.71 million, according to Redfin, a real estate brokerage.'

The higher prices are the result of a sharp decline in listings in the luxury sector. The number of homes for sale priced at or above $1 million fell just over 18 percent compared with the same period last year.

"There is still strong buyer demand for high-end homes," said Redfin's chief economist, Nela  Richardson. "Despite declining inventory, luxury sales soared in the third quarter."
Sales of homes priced at or above $1 million were up 11 percent from a year ago, while sales of homes priced at or above $5 million were up almost as much at 10 percent, Richardson explained.

At the ultra-high end, the number of homes priced at or above $5 million fell 19 percent. This  marked the first quarter in which super luxury listings fell year over year since Redfin began reporting on the luxury market in 2014.

Given the high demand, supplies will likely continue to fall. Homebuilders are turning their attention to the lower end of the market, where demand has been rising for years and where the lack of supply is acute. The average price for nonluxury homes was $336,000 in the third quarter, up 5.3 percent compared with a year earlier.

There are no more low-priced homes

Luxury homes are also selling faster, although not as fast as the rest of the market. Luxury homes in the third quarter sold on an average of 70 days, four days faster than a year ago. Nonluxury homes sold on an average of 53 days, a full week faster than last year.
There may be several reasons for the surge in luxury demand. The U.S. stock market has been on a tear all year, hitting new highs almost daily. Demand from foreign buyers, who tend to favor the luxury market, has also been strong.

Of course all real estate is local, and high-end homes are no different. The town of Longmont, Colorado, led the nation with the biggest annual price jump in the luxury sector. The average price increased 34.7 percent to $1.55 million compared with last year. Fort Lauderdale, Florida, also saw big gains in luxury prices, (+28.7 percent) as did St. Petersburg, Florida, (+19.6 percent).

The average price for a luxury home fell furthest in the third quarter in the cities of Delray Beach, Florida, San Francisco and Boca Raton, Florida, where prices fell 26.9 percent, 14.7 percent and 13.8 percent, respectively, compared with last year.

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.