Wednesday, November 22, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com.
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It's lavish. It's huge. It's grand. It's expensive.

#1     10979 Chalon Road, Los Angeles, CA 90077 with 12 bedrooms, 24 baths and 31,000 sq.ft. is listed for sale at $90,000,000.


A New Modern Masterpiece that raises the bar for ultimate luxury, located through the Bel Air West Gate. The panoramic windows of this architectural home offer commanding views of the Bel Air golf course and the City beyond. Highlights of this designer home are listed but to experience the vastness, the attention to detail and incredible open flow of the floor plan one must tour it. 5,600 sq ft master suite including a spa, 12 bedroom suites and 23 baths are enveloped in this 31,000 sq ft home with another 40,000 sq ft of covered patios. 5 fully appointed bars, two lane bowling alley, theater, wine cellar, game room, private staff quarters, sports court, pavilion, pool cabana, infinity pool w/ waterfall & spa, putting green with 50 ft fire feature, motor ct w/ 70 car parking & 14 car custom garage. Included is a fully automated Creston system, Mitsubishi state of the art HVAC plus a commercial high speed 4000 lb Otis Elevator. 1.5 acres of land w/potential of expansion and guard house .






















Today's Top San Diego Luxury Estates

      
The median home value in San Diego County is $553,900. San Diego County home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Coronado is $1,481,600. Coronado home values have gone up 2.5% over the past year and Zillow predicts they will rise 0.6% within the next year. 

The median home value in La Jolla 92037 is $1,544,300. 92037 home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.4% within the next year.         

The median home value in Solona Beach 92075 is $1,295,200. 92075 home values have declined -3.0% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in  Del Mar 92014 is $1,616,500. 92014 home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Rancho Santa Fe is $2,682,700. Rancho Santa Fe home values have gone up 3.1% over the past year and Zillow predicts they will rise 1.1% within the next year.

#1     13911 Rancho Solana Trail, San Diego, CA 92130 with 5 bedrooms, 6 baths and 6,370 sq.ft. is listed for sale at $3,375,000.



Don't MISS This!! Chic, clean-line living just complete! A Design Revolution took place! New Kitchen, hardwood floors, new light fixtures, beautiful designer details throughout! OCEAN VIEWS, like New & Tucked perfectly at the end of a cul-de-sac, this custom built home in the premier Ranch & Coast guard gated community of Rancho Pacifica checks all the boxes. The Light filled home offers 5 generous bedroom suites, lovely outdoor living area with fireplace & adjacent BBQ and bltin bar.











Today's Top LA Luxury Estate.


The median home value in Orange County is $691,600. Orange County home values have gone up 4.3% over the past year and Zillow predicts they will rise 0.8% within the next year.

The median home value in Los Angeles County is $574,400. Los Angeles County home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Newport Beach is $1,633,100. Newport Beach home values have gone up 1.6% over the past year and Zillow predicts they will rise 1.9% within the next year. 

The median home value in Santa Monica is $1,398,900. Santa Monica home values have gone up 0.3% over the past year and Zillow predicts they will fall -0.1% within the next year.

The median home value in Brentwood 90049 is $2,391,500. 90049 home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.9% within the next year.

The median home value in Pacific Palisades is $2,724,500. Pacific Palisades home values have gone up 4.4% over the past year and Zillow predicts they will rise 0.9% within the next year.

The median home value in Malibu is $2,958,800. Malibu home values have gone up 8.5% over the past year and Zillow predicts they will rise 1.3% within the next year.

The median home value in Bel Air is $3,316,800. Bel Air home values have gone up 3.7% over the past year and Zillow predicts they will rise 0.2% within the next year

The median home value in Beverly Hills 90210 is $4,855,000. 90210 home values have gone up .54% over the past year and Zillow predicts they will rise 0.8% within the next year.

#1     75 Beverly Park Lane, Beverly Hills, CA 90210 with 8 bedrooms, 10 baths and 14,554 sq.ft. is listed for sale at $47,500,000.



One of the most impressive homes in the gated Beverly Park community, COMPLETE with a variety of amenities for the most discriminating owners. This Tuscan Vineyard Estate is surrounded by lush landscaping and towering palm trees. The large motor court with water fountain plus various private garages brings you to a grand exterior unlike any other. Enter into the 2 story soaring foyer with separate staircases and amazing floor-to-ceiling French doors leading out to the grounds. Downstairs in the basement, let vaulted ceilings enchant you, along with a sitting area and expansive wine cellar that can house all of the wine that is produced in the vineyard, on the property itself! The architecture of this home is unprecedented. It truly is a work of craftsmanship and art. Amenities include gym and mini "spa". 














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 $246,900. Maricopa County home values have gone up 6.4% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Scottsdale is $427,700. Scottsdale home values have gone up 3.9% over the past year and Zillow predicts they will rise 1.9% within the next year. 

The median home value in Carefree is $744,800. Carefree home values have gone up 3.8% over the past year and Zillow predicts they will rise 1.7% within the next year

The median home value in Paradise Valley is $1,616,600. Paradise Valley home values have gone up 2.8% over the past year and Zillow predicts they will rise 1.5% within the next year.

#1     42690 North 98th Place, Scottsdale, AZ 85262 with 4 bedrooms, 8 baths and 7,176 sq.ft. is listed for sale at $7,500,000.


First time ever on market, this soft contemporary residence presents a world of beauty and privacy. Offered along with two adjacent magnificent lots, for an impressive and rare total over 19 acres, the opportunity exists to create your own compound for extended family or simply live with nature and bask in the beauty of stunning mountain, city light and sunset views. Meticulously designed by renowned architect Terry Kilbane and created by master builder Jim Manship, this estate home combines stunning formal dining and entertaining spaces with daily living features including amazing master retreat, beautiful chef's kitchen showcasing cherry mahogany cabinetry, expansive office/study retreat and delightful media screening room. Seamless indoor to outdoor living.  














Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,237,100. San Francisco County home values have gone up 11.0% over the past year and Zillow predicts they will rise 2.3% within the next year.

The median home value in Marin County is $1,044,300. Marin County home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.7% within the next year. 

The median home value in Santa Clara County is $1,068,000. Santa Clara County 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 $1,292,200. Sausalito home values have gone up 7.2% over the past year and Zillow predicts they will rise 1.3% within the next year.                
The median home value in Tiburon is $2,510,000. Tiburon home values have gone up 5.7% over the past year and Zillow predicts they will rise 0.7% within the next year. 

The median home value in Palo Alto is $2,695,000. Palo Alto home values have gone up 8.3% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Los Altos is $2,873,100. Los Altos home values have gone up 4.5% over the past year and Zillow predicts they will rise 1.5% within the next year

The median home value in Saratoga is $2,560,300. Saratoga home values have gone up 8.5% over the past year and Zillow predicts they will rise 2.9% within the next year.   

The median home value in Atherton is $6,440,300. Atherton home values have gone up 4.5% over the past year and Zillow predicts they will rise 1.7% within the next year. 

#1      84 Selby Lane, Atherton, CA 94027 with 5 bedrooms, 4 baths and 6,170 sq.ft. is listed for sale at $7,580,000.
This home has a unique architectural design. It is located in West Atheron on a level 1.23 acre corner lot (per tax records) with trees surrounding the property. There is a outdoor spa, fenced tennis court, outdoor swimming pool, and large rear terrace. There is a outdoor cabana with full bath near the swimming pool. There is a three car attached garage. There are gates on two sides of the property to enter or leave the property.








Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $589,700. King County home values have gone up 14.8% over the past year and Zillow predicts they will rise 6.3% within the next year.

The median home value in Kirkland is $700,000. Kirkland home values have gone up 18.6%  over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Seattle is $695,600. Seattle home values have gone up 14.6% over the past year and Zillow predicts they will rise 6.1% within the next year.

The median home value in Bellevue is $846,500. Bellevue home values have gone up 15.0% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Mercer Island is $1,391,900. Mercer Island home values have gone up 8.5% over the past year and Zillow predicts they will rise 4.0% within the next year.

The median home value in Clyde Hill is $2,646,700. Clyde Hill home values have gone up 19.8% over the past year and Zillow predicts they will rise 7.8% within the next year.             

The median home value in Medina is $2,698,700. Medina home values have gone up 18.5% over the past year and Zillow predicts they will rise 6.5% within the next year.

#1     2841 103rd Avenue NE, Bellevue, W 98004 with 4 bedrooms, 5 baths and 
4,019 sq.ft. is listed for sale at $2,490,000.


A refined home situated on a beautiful lot!The S. facing bright yet private entry leads to a luxurious open floor plan encompassing a sleek and stylish gourmet kitchen that boasts quartz/granite counter top, 60' wide ref/frz, &branded appliances.The expansive family rm w/den wing leads opens up to a spacious covered deck w/mountain view.Elegant hardwood flooring,stunning powder room,Master bth w/heated floor &double headed shower, ensuite bedrooms, &4 car garage make this home perfect for anyone.












Today's Best Mortgage Rates
Mortgage Rates Holding Steady in Recent Range
Nov 21 2017, 3:34PM

Mortgage rates were unchanged today, on average, although a few lenders made small adjustments to rates sheets in response to bond market volatility.  Bond markets began the day heading into stronger territory (which implies lower rates), but gave up much of the gains by early afternoon.  That prompted a few lenders to raise the costs associated with prevailing rates.

In other words, markets didn't move enough for published interest rates to change.  Those tend to move in .125% increments and it takes an uncommonly big day in bond markets to push mortgage rates higher or lower by that much.  The "upfront costs" associated with a mortgage (origination and discount, typically) give lenders a way to fine-tune the overall cost of financing.  It's those costs that moved higher, but again, only for a few lenders.  Bonds were actually able to remain in positive territory overall (barely), hence the average lender offering similar rates versus yesterday.

Bond markets and mortgage banks are closed on Thursday for Thanksgiving and lenders won't be issuing rate sheets.  Friday is technically a half-day for bond markets, but availability of new rates and the ability to lock them varies widely.  Many lenders simply republish the same rate sheets from the Wednesday before Thanksgiving.
                                                                                                                               52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.98%3.98%--3.84%4.39%
15 Yr FRM3.32%3.31%+0.013.12%3.61%
FHA 30 Year Fixed3.65%3.65%--3.35%4.10%
Jumbo 30 Year Fixed4.18%4.18%--4.10%4.60%
5/1 Yr ARM3.17%3.20%-0.032.98%3.25%

Today's Top Real Estate News Article
Existing Home Sales Erase Summertime Losses
By Jann Swanson
Mortgage News Daily

Existing home sales continued a gradual recovery in October after a summer of sliding sales.  For the second straight month the National Association of Realtors® (NAR) is reporting that sales of previously owned homes increased, this time by 2.0 percent. Single-family houses, townhouses, condos, and townhouses sold at a seasonally adjusted annual rate of 5.48 million. The increase brought sales back to their strongest pace since June's rate of 5.51 million, but they are still running behind sales in October 2016 by 0.9 percent.
September's sales had been reported as up 0.7 percent from August, to 5.390 million, ending a three-month streak of losses.  That gain has now been revised down to 5.37 million.

Analysts had been looking for October sales in an annual range of 5.320 to 5.560 million.  The consensus of those polled by Econoday was 5.440.

Single-family home sales climbed 2.1 percent to a seasonally adjusted annual rate of 4.87 million from 4.77 million in September, but they are still running 1.0 percent behind the 2016 pace.  Existing condominium and co-op sales strengthened by 1.7 percent to a seasonally adjusted annual rate of 610,000 units, unchanged from a year earlier.

Lawrence Yun, NAR chief economist, says sales activity in October picked up for the second straight month, with increases in all four of the major regions. "Job growth in most of the country continues to carry on at a robust level and is starting to slowly push up wages, which is in turn giving households added assurance that now is a good time to buy a home," he said. "While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated." 

Added Yun, "The residual effects on sales from Hurricanes Harvey and Irma are still seen in parts of Texas and Florida. However, sales should completely bounce back to their pre-storm levels by the end of the year, as demand for buying in these areas was very strong before the storms."

The median price of an existing home sold during the month was $247,000, 5.5 percent higher than in October of 2016 and the 68th straight month of annual gains. The median existing single-family home price was $248,300 and the median condo price was $236,800. These were annual increases of 5.4 percent and 6.9 percent respectively.

Inventory continues to be a problem. The total supply decreased 3.2 percent to 1.80 million existing homes at the end of October, and is now 10.4 percent lower than a year ago.  The supply of homes for sale has fallen year-over-year for 29 consecutive months. The current number of listings is estimated at a 3.9-month supply given the October sales pace, down from 4.4 months a year ago.

Properties typically stayed on the market for 34 days in October, unchanged from last month and down from 41 days a year ago. Forty-seven percent of homes sold in October were on the market for less than a month.

"Listings - especially those in the affordable price range - continue to go under contract typically a week faster than a year ago, and even quicker in many areas where healthy job markets are driving sustained demand for buying," said Yun. "With the seasonal decline in inventory beginning to occur in most markets, prospective buyers will likely continue to see competitive conditions through the winter." 

The share of first-time buyers rose from 29 percent in September to 32 percent, 1 percentage point lower than their participation a year ago.  Individual (as opposed to institutional) investors purchased 13 percent of home sales compared to 15 percent in September but unchanged from the prior October. Twenty percent of transactions were all-cash and 4 percent of sales during the month were of distressed properties, down 1 point from last year.

NAR President Elizabeth Mendenhall criticizes the pending tax reform legislation in both the House and Senate as a direct attack on homeowners and homeownership. "Making changes to the mortgage interest deduction, eliminating or capping the deduction for state and local taxes and modifying the rules on capital gains exemptions poses serious harm to millions of homeowners and future buyers," she says. "With first-time buyers struggling to reach the market, Congress should not be creating disincentives to buy and sell a home. Furthermore, adding $1.5 trillion to the national debt will raise future borrowing costs for our children and grandchildren

Existing-home sales in the Northeast rose 4.2 percent to an annual rate of 740,000 in October but were unchanged from a year ago. The median home price was $272,800, annual appreciation of 6.6 percent.  

In the Midwest, sales inched forward 0.8 percent to an annual rate of 1.31 million, but remain 1.5 percent below a year ago. The median price was $194,700, up 7.1 percent.
Existing-home sales in the South rose 1.9 percent to an annual rate of 2.16 million, down 1.8 percent year-over-year. The median price gained 4.6 percent to $214,900.

The pace of annual sales in the West, 1.27 million units, represented a 2.4 percent increase from September and 0.8 percent from the previous October. Median prices rose 7.8 percent to $375,100.

NAR bases its existing home sales data on transaction closings from Multiple Listing Services.
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