Wednesday, November 29, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com.

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

#1      19 Burrma Road, Llyod Harbor, New York 11743 with 8 bedrooms, 12 baths and 20,000 sq.ft. is listed for sale at $55,000,000.


Sassafras, traditional Tudor In private cove on 47 acres of waterfront property including 20,000 sq.ft. estate home with 25 rooms. The grand entry has 48' Cathedral Ceiling, Great hall, study, formal dining room with outdoor terrace and waterviews. Grand living room and an enclosed dining veranda, master bedroom suite with views of Long Island Sound.  Two addtitional  5,500 sq.ft. guest houses, dock /private beach /extensive gardens.



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Today's Top San Diego Luxury Estates


The median home value in San Diego County is $555,800. San Diego County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.7% within the next year
The median home value in Coronado is $1,529,100. Coronado home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.4% within the next year. 

The median home value in La Jolla, 92037 is $1,532,000. 92037 home values have gone up  4.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Solona Beach, 92075 is $1,297,500. 92075 home values have declined -0.8% 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 $1,613,200. 92014 home values have gone up 0.7% over the past year and Zillow predicts they will rise 0.5% within the next year. 

The median home value in Rancho Santa Fe is $2,650,800. Rancho Santa Fe home values have gone up 0.8% over the past year and Zillow predicts they will rise 0.9% within the next year.

#1      911 1st Street Coronado, CA 92118 with 4 bedrooms, 6 baths and 5,646 sq.ft. is listed for sale at $6,499,000.



Magnificent Coronado Bay front home at fabulous price. Out of almost every room, there is constant change and excitement from this amazing property. Situated discreetly off of 1st St, home has minimal maintenance and maximum enjoyment! Exquisite finishes with artistic use of stone, bronze and custom glass. Elevator services all 3 floors with one bdrm on entry level. 3 car garage plus small boat garage on bay side with ramp and gate to access bay from your own home.








Today's Top LA Luxury Estate.



The median home value in Orange County is $692,900. Orange County home values have gone up 4.0% over the past year and Zillow predicts they will rise 0.5% within the next year. 

The median home value in Los Angeles County is $576,900. Los Angeles County home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.2% within the next year.

The median home value in Newport Beach is $1,654,500. Newport Beach home values have gone up 1.5% over the past year and Zillow predicts they will rise 0.6% within the next year. 

The median home value in Santa Monica is $1,401,400. Santa Monica home values have gone up 0.2% over the past year and Zillow predicts they will fall -0.3% within the next year

The median home value in 90049 is $2,404,100. 90049 home values have declined -0.8% over the past year and Zillow predicts they will fall -1.2% within the next year.

The median home value in Pacific Palisades is $2,743,900. Pacific Palisades home values have gone up 3.7% over the past year and Zillow predicts they will rise 0.5% within the next year.

The median home value in Malibu is $2,974,700. Malibu home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Bel Air is $3,316,000. Bel Air home values have gone up 2.0% over the past year and Zillow predicts they will fall -0.2% within the next year.

The median home value in Beverly Hills, 90210 is $4,890,900. 90210 home values have gone up 4.5% over the past year and Zillow predicts they will rise 0.5% within the next year. 

#1     801 Alston Road, Santa Barbara, CA 93108 with 8 bedrooms, 12 baths and 18,150 sq.ft. is listed for sale at $14,750,000,



The Graholm Estate is one of the original magnificent Santa Barbara hilltop estates from the last century, taking full advantage of the majestic views of the Pacific Ocean, Santa Barbara Harbor, and Montecito Valley from its approx. 7.43-acre hilltop perch. The home was designed by architect Roland Sauter for David Gray, whose family was one of the original shareholders in Ford Motor Company. Construction of the approx. 18,150 sq. ft. grand Spanish Colonial Revival estate began in 1918. The restored and remodeled home now enjoys extraordinary modern amenities. The new features of the grand estate w/ 8 bdrms, 9-full baths, and 3-powder rooms, include a gourmet center island kitchen w/ 28-ft. vaulted, beamed ceilings, classic Spanish-style patterns and finishes, rich textures, massive wood-beamed ceilings, massive, arched French doors and windows, Batchelder Spanish-tile floor throughout the public rooms, custom wrought-iron balustrades, 7-fireplaces, two 4,000-bottle wine cellars, a pub room, estate office, craft room, media/game room, arcade room, staff bedroom, and several balconies and terraces all opening to the dramatic ocean views and stunning landscaped grounds accented w/ fountains and towering Eucalyptus and Redwood trees. The mid-century 2,800 sq.ft. 3-bedroom, 3-bath guesthouse feature a large den w/ fireplace, full kitchen, another upstairs den, a game room, laundry, its own pool area, and decks w/ incredible ocean, island and Santa Barbara Harbor views. This is an entertainers dream! The quarter mile drive from the massive arched entry gate leads up to the main house. The drive continues around the entire perimeter of the property past expansive gardens and allows parking for 100 people. Spectacular ocean-view gardens and terraced grounds offer a distinct collection of unique gathering places for large social functions, or intimate family events. There are several balconies and terraces that open to dramatic ocean views and stunning landscaped grounds.
























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 $248,200. Maricopa County home values have gone up 6.3% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Scottsdale is $427,600. Scottsdale home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.8% within the next year.

The median home value in Carefree is $745,700. Carefree home values have gone up 1.9%         over the past year and Zillow predicts they will rise 1.5% within the next year. 

The median home value in Paradise Valley is $1,621,200. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.

#1      7022 North Invergorden Road, Paradise Valley, AZ 85253 with 4 bedrooms, 
6 baths and 9,000 sq.ft. is listed for sale at $8,750,000.

7011 N Invergordon Rd, Paradise Valley, AZ 85253

They said it could never be built and it was!! Situated on approximately 7 acres, this 9,000 sf gated estate completed in 2000 was designed by Lash McDaniel and incorporates the preserved ridge-line of Mummy Mountain into a one-of-a-kind architectural build. The famous estate took a five year construction process and fine finishes seen throughout include Red Iron steel construction, plaster walls, polished marble flooring, Santa Fe hand-carved wood, under-lit Onyx countertop, dual guest apartments, negative-edge pool and state-of-the-art home automation and infrastructure. This truly unique "Eagle's Nest" at Mummy Mountain boasts 270-degree panoramic views of Paradise Valley, Four Peaks, McDowell Mountains and Superstition Mountain. 

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

7011 N Invergordon Rd, Paradise Valley, AZ 85253

Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,249,600. San Francisco County home values have gone up 11.8% over the past year and Zillow predicts they will rise 2.3% within the next year. 

The median home value in Marin County is $1,058,400. Marin County home values have gone up 6.1% over the past year and Zillow predicts they will rise 1.2% within the next year.

The median home value in Santa Clara County is $1,093,600. Santa Clara County home values have gone up 12.1% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Sausalito is $1,326,600. Sausalito home values have gone up8.6% over the past year and Zillow predicts they will rise 0.7% within the next year. 

The median home value in Tiburon is $2,559,300. Tiburon home values have gone up 6.9% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Palo Alto is $2,728,800. Palo Alto home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.0% within the next year.         
            
The median home value in Los Altos is $2,926,900. Los Altos home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.4% within the next year.         

The median home value in Saratoga is $2,579,400. Saratoga home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.9% within the next year.    

The median home value in Atherton is $6,585,600. Atherton home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.8% within the next year.

#1      26052 West Fremont Road, Los Altos, CA 94022 with 5 bedrooms, 5 baths and 4,968 sq.ft. is listed for sale at $7,395,000.



French country inspired estate in a coveted close to town location. This 5 bedroom 4.5 bath home was extensively renovated approximately 10 years ago and offers high end materials and quality craftsmanship. Master bedroom retreat with spa like bath, impressive living rooms and large dining room, chefs kitchen, wine cellar and so much more. Country setting with vineyard and orchard. Walk to downtown Los Altos and Bullis Elementary school.













Today's Top Seattle Luxury Estate

Image result for Seattle  

The median home value in King County is $592,300. King County home values have gone up 14.2% over the past year and Zillow predicts they will rise 5.5% within the next year

The median home value in Kirkland is $706,900. Kirkland home values have gone up 18.8%  over the past year and Zillow predicts they will rise 6.5% within the next year.

The median home value in Seattle is $697,700. Seattle home values have gone up 14.1% over the past year and Zillow predicts they will rise 5.4% within the next year.

The median home value in Bellevue is $853,500. Bellevue home values have gone up 14.7% over the past year and Zillow predicts they will rise 5.5% within the next year.

The median home value in Mercer Island is $1,380,200. Mercer Island home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.0% within the next year. 

.The median home value in Clyde Hill is $2,636,300. Clyde Hill home values have gone up 19.1% over the past year and Zillow predicts they will rise 7.2% within the next year.

 The median home value in Medina is $2,709,200. Medina home values have gone up 16.7% over the past year and Zillow predicts they will rise 6.3% within the next year.


#1      1920 4th Avenue, #2403, Seattle, WA 98101 with 2 bedrooms, 3 baths 
and 1,878 sq.ft. is listed for sale at $2,295,000.




Rare coveted West facing,  Escala. Penthouse style luxury, 300 sq ft west view balcony. coveted private vestibule. Rich hardwood floors throughout, expansive 10ft walls of windows capture breath taking views of Puget Sound, Olympics, and Western sunsets. Chef's kitchen, Pedini cabinets, gas cooktop, oversized grand kitchen island, master suite features custom walk-in closet & spa-like 5 piece bath. World class location and amenities. Min to Amazon -24/7 concierge, 2pkg/1stg.

















Today's Best Mortgage Rates
Mortgage Rates Improve Slightly Despite Market Volatility
Nov 28 2017, 4:47PM


Mortgage rates improved modestly today as markets digested tax bill headlines and the confirmation hearing for new Fed Chair Jerome Powell.  As the head of the institution that has the biggest impact on short-term rate momentum, Powell is an important figure.  Markets already felt like they knew him pretty well, but today was his first time in the hottest of seats (fielding questions from US Senators seeking to advance some political agenda almost completely unrelated to Powell's new job duties). 

Not only did Powell handle himself well, but he struck a more rate-friendly tone than was generally expected.  Bond markets (which underlie day-to-day rate movement) liked what they heard, as did stocks (which also benefit from easier Fed policy). 

The afternoon was dominated by tax bill headlines which put pressure on rates to move back up.  By the end of the day, the volatility left bond markets largely unchanged.  Lenders put out rate sheets in the morning that were slightly better than yesterday's and only a few of them repriced to higher rates in the afternoon (not quite enough weakness in bonds for widespread reprices). 
                                                                                                                          52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.95%3.96%-0.013.84%4.39%
15 Yr FRM3.29%3.30%-0.013.12%3.61%
FHA 30 Year Fixed3.55%3.60%-0.053.35%4.10%
Jumbo 30 Year Fixed4.14%4.15%-0.014.10%4.60%
5/1 Yr ARM3.18%3.16%+0.022.98%3.25%
Today's Top Real Estate News Article

Home Price Gains "Appear Unstoppable"


By Jann Swanson
Mortgage News Daily

In October, David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, said home price increases "appear unstoppable." The latest reports on both the S&P CoreLogic Case-Shiller Home Price Indices and the House Price Index (HPI) from the Federal Housing Finance Agency (FHFA) do nothing too disprove that point.

The Case-Shiller National Index, which covers all nine U.S. Census divisions, was up 6.2 percent in September compared to a 5.9 percent annual increase in August. There was little change in the monthly index, with an increase of 0.4 percent before seasonal adjustment and 0.7 percent after, compared to gains of 0.5 and 0.7 percent in August.

The 10-City Composite Index grew 5.7 percent in the 12 months ended in September, up from a 5.2 percent gain posted in August.  The 20-City Composite posted a 6.2% year-over-year gain, up from 5.8% the previous month.  The 10-City monthly results were 0.5 percent unadjusted and 0.6 percent adjusted; the 20-City was 0.4 percent and 0.5 percent respectively.  15 of the 20 cities reported gains in September before seasonal adjustment, while all 20 cities reported increases afterward.  



Seattle appears firmly planted in first place among the 20 cities, reporting a 12.9 percent increase in home prices for the year ended in September.  Las Vegas followed with a 9.0 percent, and San Diego was up 8.2 percent.  Thirteen cities reported greater price increases in the year ending September 2017 versus the year ending in August.  

Blitzer said, "Home prices continued to rise across the country with the S&P CoreLogic Case-Shiller National Index rising at the fastest annual rate since June 2014.  Home prices were higher in all 20 cities tracked by these indices compared to a year earlier; 16 cities saw annual price increases accelerate from last month. Strength continues to be concentrated in the west with Seattle, Las Vegas, San Diego and Portland seeing the largest gains. The smallest increases were in Atlanta, New York, Miami, Chicago and Washington. Eight cities have surpassed their pre-financial crisis peaks."

"Most economic indicators suggest that home prices can see further gains. Rental rates and home prices are climbing, the rent-to-buy ratio remains stable, the average rate on a 30-year mortgage is still under 4 percent, and at a 3.8-month supply, the inventory of homes for sale is still low. The overall economy is growing with the unemployment rate at 4.1 percent, inflation at 2 percent and wages rising at 3 percent or more. One dark cloud for housing is affordability - rising prices mean that some people will be squeezed out of the market."

As of September 2017, average home prices for the MSAs within the 10-City and 20-City Composites are back to their winter 2007 levels.  The National Index is now 5.9 percent higher than it was at its peak in July 2006, while the 10- and 20-City composites are within 1.5 percent and 4.0 percent of passing their previous peaks. All three indices have risen 45 percent or more from their spring 2012 troughs.

FHFA reports that home prices were up 1.4 percent in the third quarter, which ended on September 30, and gained 6.5 percent on an annual basis.  The change from August was 0.3 percent.  The FHFA HPI rose 0.7 percent from July to August and 6.7 percent on an annual basis, so the September numbers would indicate some slight slowing in appreciation.  However, this index has swung between faster and slower rates of appreciation on nearly a monthly basis all year,

Home prices on the HPI, which is based on home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac, rose in all 50 states and the District of Columbia from the third quarter of 2016 to the third quarter this year. The top five increases were posted in the District of Columbia, 11.6 percent; Washington State, 11.5 percent; Hawaii and Arizona, each at 10.0 percent; and Nevada, 9.6 percent. All 100 of the largest metro areas also posted annual gains with the Seattle metro area up front at 14.6 percent.

Of the nine census divisions, the Pacific division experienced the strongest annual appreciation, posting an 8.9 percent gain since the third quarter of last year and a 1.7 percent increase since the second quarter of 2017.  House price appreciation was weakest in the Middle Atlantic division, where prices rose 4.8 percent annually.

Analysts polled by Econoday had expected the price increases to continue. They were looking for an 0.6 percent increase in the FHFA HPI, stronger than the 0.3 percent reported.  The consensus for the Case-Shiller 20-City Composite was an increase of 0.4 percent unadjusted and an annual gain of 6.2 percent, both of which were spot-on.

The S&P CoreLogic Case-Shiller Home Price Indices are constructed to accurately track the price path of typical single-family home pairs for thousands of individual houses from the available universe of arms-length sales data. The National U.S. Home Price Index tracks the value of single-family housing within the United States. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50 percent appreciation rate since January 2000 for a typical home located within the subject market. 

The National Index has a new all-time high of 195.51, up from last month's peak of 195.05.  The 10- and 20-City Composites had readings of 217.27 and 203.50 respectively.  Los Angeles claims the highest index reading at 268.05.  Detroit reclaimed the low rung on the ladder after losing it to Cleveland for several months. Detroit's reading is 117.65  
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