Monday, October 30, 2017




Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1       1627 East Valley Road, Santa Barbara, CA 93108 with 8 bedrooms, 13 baths and 22,019 sq.ft. is listed for sale at $45,000,000.


Reminiscent of the grand villas of Lake Como, this magnificent Montecito estate affords space, privacy and luxury on nine expansive acres overlooking the Pacific. Fostering an unparalleled indoor-outdoor lifestyle, grand-scale interiors flow seamlessly to sweeping ocean and mountain-facing terraces. Tiered gardens, a reflecting pond, European-style pool and pavilion, tennis court, organic fruit and vegetable orchard and 2-bedroom guest house epitomize modern luxury and timeless sophistication.













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      2116 Balboa Avenue, Del Mar, CA 92014 with 4 bedrooms, 5 baths 
and 5,600 sq.ft. is listed for sale at $9,800,000.



Enjoy spectacular whitewater ocean, sunset & Del Mar racetrack views from this extraordinary seaside Villa in Olde Del Mar. Situated on an impressive 15,000 sq. ft. parcel, this gated residence was built with a meticulous attention to detail & quality craftsmanship throughout. 4BR/4.5 baths plus a den, office, imported marble & mahogany wood flooring, wine room and entry level master suite w/1,000 sq. ft. loggia. Expansive yard with large grassy area, flagstone patios, fire pit, vanishing edge pool & spa.













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      1350 Benedict Canyon Drive, Beverly Hills, CA 90210 with 6 bedrooms, 9 baths and 10,875 sq.ft. is listed for sale at $10,495,000.


Luxury at its finest. Voluminous scale with incredible natural light in every room. This Mediterranean villa was completely remodeled down to the studs and is designed with the finest materials. The open flow between rooms is an ideal layout for grand scale entertaining. Boasting 40-foot ceilings and a 24-foot custom, iron entry door, an oversized formal dining room with separate catering kitchen, and generous ensuite bedrooms with enormous closets. Additional features include a five-car direct entry garage, professional quality theater, wet and dry saunas, elevator to all three levels, and a 600 bottle wine storage. The exquisite and lush backyard offers complete privacy and includes an outdoor kitchen, covered cabana with electricity, pool, and spa for the perfect California living experience. 














 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     3350 Bar Circle A Road, Prescott, AZ 63011 with 3 bedrooms,, 6 baths 
and 11,073 sq.ft. is listed for sale at $5,000,000.

3350 Bar Circle A Rd, Prescott, AZ 86301

Take in sweeping, unobstructed views of city lights and mountains is this meticulously-designed home. This Tuscan retreat, named Casa di Buona Fortuna, which stands for House of Good Fortune is where the old west charm of Prescott, meets the ultimate in modern living. The home features vaulted ceilings with wood trusses and exposed beams, 
3 spacious en-suite bedrooms, 5 bathrooms, steam shower, oversized tubs, 6 fireplaces, heated pool, spa, sauna, gourmet kitchen, peaceful deck, movie theater, 6+ car garage, wine room and green energy technology. With all this home has to offer, you'll be hard pressed to ever want to leave.

3350 Bar Circle A Rd, Prescott, AZ 86301

3350 Bar Circle A Rd, Prescott, AZ 86301

3350 Bar Circle A Rd, Prescott, AZ 86301

3350 Bar Circle A Rd, Prescott, AZ 86301

3350 Bar Circle A Rd, Prescott, AZ 86301

3350 Bar Circle A Rd, Prescott, AZ 86301

3350 Bar Circle A Rd, Prescott, AZ 86301


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      181 Fremont, San Francisco, CA 94105 #69B with 2 bedrooms, 3 baths and 3,199 sq.ft. is listed for sale at $14,000,000.


Gracious entry foyer. Sweeping northeast, southeast, and southwest floor-to-ceiling views. 10' ceilings in living room and bedrooms. Living room with corner entertainment cabinet. Hideaway kitchen with sliding panels, double oven, refrigerator and freezer, dual dishwashers, dual wine storage, breakfast nook, bar with seating, and service pantry. Master bedroom with southeast and southwest views and walk-in closet. Master bathroom with freestanding soaking tub, separate shower, dual water closets, and dual vanities. Second bedroom with en-suite bathroom and walk-in closet. Large den with sliding door.







Image result for 181 fremont, san francisco, ca 94105 photos



181 Fremont, San Francisco, CA



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       5659 42nd Avenue W, Seattle, WA 98199 with 5 bedrooms, 4 baths 
and 7,130 sq.ft. is listed for sale at $3,500,000.

5659 42nd Ave W, Seattle, WA 98199

Award winning architect, Vassos Demetriou creates a unique blend of traditional Mediterranean style and contemporary architectural features in this 5 Bed/4 Bath masterpiece! If you love expansive water views, spectacular sunsets, and fresh sea breezes, then this magnificent home is it! Classic and contemporary interior spaces feature calming color palettes, solid custom millwork, and rich detailing that give this home a true sense of heritage and warmth with an elegant yet easy attitude.

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

5659 42nd Ave W, Seattle, WA 98199

Today's Best Mortgage Rates

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

How to know when to drop the asking price on your home
By Diane Oleck
CNBC
  • It's a seller's market, but that doesn't mean every house will sell at any price.
  • If a listing is overpriced and sits on the market for too long, it gets stale.
  • The average time on the market for all homes nationally was 34 days in September,according to the National Association of Realtors, down from 39 days in September 2016.
Image result for real estate for sale signs photos


High demand and low supply have made it a seller's market pretty much all over the country, and especially for lower-priced homes.

That does not mean every house will sell or sell quickly. Price is still important, especially as some markets begin to overheat.

The low number of listings has made the market more competitive, pushing prices higher at a fast clip. Nationally, prices are up about 7 percent from a year ago, and in the hottest markets they are up double digits. Still, a house can be overpriced, and today's savvy house hunters can smell an overpriced house a mile away.

If a listing is overpriced and sits on the market for too long, it gets stale. Potential buyers will see the time on market and click past your listing, often without even looking at it. That is why it is best to lower your asking price before your listing hits the stale stage.
So when is that?

"I typically drop the price after the second week on the market," said Laura Barnett, a real estate agent with RE/MAX DFW Associates in the Dallas area. "But I may be more aggressive than most. Usually just in $5,000 to $10,000 reductions for the most part."
Barnett said she rarely had to drop prices in the last few years because the Dallas market was just that hot. Instead, the norm was multiple offers and sale prices above ask.
"But there is a strange change that is in the air, and sellers are starting to have to humble a bit. I would not say it is a buyer's market, but a new balance between buyers and sellers has been hitting us since August," Barnett said.
"Sellers are starting to have to humble a bit." -Laura Barnett, Dallas-area real estate agent
That may be because home prices have hit a tipping point in affordability. There is only so much buyers can handle after a multiyear run-up in prices. Of course, every market is different, and some markets may have overheated, while others are still competitive.

The average time on the market for all homes nationally was 34 days in September, 
according to the National Association of Realtors. That is down from 39 days in September 2016. But markets like Seattle and Denver are still seeing homes sell in just a few weeks.
It would be easy to say that all you need to do is price your house correctly and competitively in the first place, and then you won't have any problems, but there are several schools of thought on when to be competitive and when to test the market.

"I don't believe in 'testing the market,' but … if we enter the market that might be pushing the top of the range, we can easily gauge response within seven to 10 days," said Dana Rice, a real estate agent with Compass in the Washington, D.C., area.

"It's almost a certainty that if we don't get an offer within that first 10-day period, then we've missed the mark," she added.

If the home doesn't sell in two weeks, Rice said, she then considers a price cut.
"And we've had a lot of success doing a rapid price adjustment and bringing those same buyers back — the ones who liked the property in the first place who will view the price adjustment as 'the seller is listening to me,' and most buyers want to feel that the seller is listening to them," she said.

It can also be beneficial to reach out to people who may have toured the home first and let them know that there may be a price cut coming. The buyer may make an offer that is slightly above your intended cut.

What sellers should do

If you and/or your agent are considering a price cut, first research your neighborhood, right down to the ZIP code, to see how long it takes most homes to sell. Then look at homes that sold after a price cut.

"From your research, calculate the average price reduction of pending sales in your ZIP code over the previous three to six months. Get a rough idea of how much you will have to lower your price," advises Steve Cook, editor of Real Estate Economy Watch.
"Then compare your rough final price with current listings in your market. Find the average of those homes and reduce your rough price by the list-to-price ratio to get a price that will beat the competition," he said.

Once a price is reduced, all listing websites will be able to see that, and some will send an alert to buyers. Real estate agents will also market a price reduction, both on the front-yard sign and the online listing.

While a price drop can bring in more buyers, it can also turn off some buyers who might have been on the fence, fearing that the home is not as desirable as they thought.
Cook recommends that if you don't need to sell quickly, you might consider taking the home off the market for a few months and then relisting at a lower price.

"Your listing will look like a new listing, and you will avoid the stigma of the price reduction," said Cook

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.