Thursday, November 30, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

Legendary investor T. Boone Pickens is selling his enormous Texas ranch complete with it own Airport for $250,000,000

"I see this sale as a new beginning — for the new owners and for the recipients of my charitable giving the sale will spur," he said.

Legendary investor and oilman T. Boone Pickens has decided to put his enormous Texas ranch up for sale, and it comes with an equally enormous price tag of $250 million.
Mesa Vista Ranch, which encompasses more than 100 square miles of land in the Texas Panhandle, has long been a hunting and golfing getaway for Pickens, who cited his age and health as the primary motivators for his decision to sell.  Pickens has owned the ranch for 46 years.

"Selling the ranch is the prudent thing for an 89-year-old man to do. It's time to get my life and my affairs in order," Pickens said in a statement.

"There are many reasons why the time is right to sell the ranch now, not the least of them ensuring that what I truly believe is one of the most magnificent properties in the world winds up with an individual or entity that shares my conservation beliefs."

The property has its own airport and a number of different accommodations, including the 12,000-square-foot Lake House, the 33,000-square-foot Lodge, the 6,000-square-foot Family House, the 1,700-square-foot Gate House, the 1,600-square-foot Pub, and the 12,000-square-foot Kennel, which has space for 50 dogs. There's also a separate, single-story structure where ammunition, hunting gear, rifles, and shotguns are stored.

Outside, there's a lighted tennis court, a skeet/trap range and a golf course with two fairways. The Gate House, which is next to the golf course, has three bedrooms and three bathrooms.


Slide 11 of 23: ... a library, a 30-seat media room, and a commercial kitchen. The Family House, located west of the Lodge, has five bedrooms and five bathrooms.


Slide 10 of 23: The Lodge has 33,000 square feet in total, and the amenities include a wine cellar ...


The Lake House, pictured here, has 11,500 square feet of living space, plus 3,800 square feet of patios. The front door was once the entry to Bing Crosby's house.
Slide 13 of 23: There are many sculptures situated throughout the property.
Slide 3 of 23: Mesa Vista Ranch covers some 64,809 acres of land in the Texas Panhandle, northeast of Amarillo.
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      14105 Biscayne Place, Poway, CA 92064 with 5 bedrooms, 9 baths 
and 15,844 sq.ft. is listed for sale at $7,950,000.


Luxury Estate with Park-Like Grounds! Resting on four acres, hidden behind a private entrance gate, this Estate at the Heritage is the ultimate destination property. A large motor court and a foyer with 20' ceilings create an atmosphere of comfort and sophistication for this home, which offers a cigar lounge with 2 built-in humidors, wine tasting room and space for over 1200 bottles, and a full home theater with a snack bar. Riveting views of the Maderas Golf Course and the surrounding hills. See suppl. With elegant formal zones and European-inspired finishes such as micro-topped travertine floors, this iconic property makes a statement. The sleek gourmet kitchen is a showpiece of the latest technology and style, with its custom cabinetry, Caesarstone counters and commercial-grade appliances, including a gas range, plate warmer and 2 dishwashers. The adjacent solarium has soaring cathedral ceilings, mosaic stone floors and a water feature; the family room boasts a built-in trophy case, exposed beam ceilings and a fireplace. An elevator provides access to the upstairs bedrooms, which include an over-the-top master suite with a private balcony and retreat, 2 walk-in closets, 2 showers and 3 vanities. Added highlights of this nearly four acre residence include a pool and spa with an infinity edge and an adjacent fire pit, a guest house with a game room, a full gym, and a Roman steam spa, a five car garage, two tennis courts, and an outdoor entertaining pavilion with a full kitchen. Designed for those who want every conceivable amenity, along with the utmost in security and a unique history of ownership, this stunning private oasis is a trophy for the lucky buyer. Make it yours today!
















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     2880 Benedict Canyon Drive, Beverly Hills, CA 90210 with 5 bedrooms, 7 baths and 7,100 sq.ft. is listed for sale at $15,900,000.



At the end of a long gated driveway behind double gates, composed of 3.6 acres and situated on over a flat acre. Completely secluded one story modern estate completely rebuilt in every detail with architectural perfection and timeless style. Featuring one of the best and most dramatic living/great rooms in Los Angeles, media/screening room, gourmet kitchen, den/library, separate gym/spa, two story car collector's garage with elevated lift and speak easy card room, 5 bedrooms/7 baths. Walls of glass overlook panoramic canyon views, swimming pool, and beautiful grounds, championship sized tennis court. Located atop the famed tennis court row of Benedict Canyon.













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      18730 North 97th Place, Scottsdale, AZ 86266 with 5 bedrooms, 7 baths and 6,178 sq.ft. is listed for sale at $3,195,000



Estate home setting in Arcadia at Silverleaf! This Italian farmhouse style home was built by Argue Custom Homes, and ties together the best of classic styles with updated features. Located on an oversized corner lot, outdoor living opportunities abound with 4 distinct spaces to entertain (including 2 covered patio areas and a private spa patio). Home wraps around center courtyard garden with direct access to private guest house. Floorplan checks the boxes- great room concept, open kitchen, main-level master bdrm and office, guest house, 4 car garage, and private guest wing. Venetian plaster walls, extensive beam work, pocketing doors, wood plank & stone floors, 6 fireplaces, outdoor shower and home automation highlight some of the unique features that make this a timeless masterpiece! 










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      1301 Bella Oaks Lane, Rutherford, CA 94573 with 4 bedrooms, 6 baths and 4,329 sq.ft. is listed for sale at $7,900,000.


Iconic Turn-Key Estate: Bella Oaks conveys a sense of timeless luxury without being pretentious, successfully marrying rustic and refined characteristics. The 4 bedroom, 4.5 bath home welcomes Old-World charm with a relaxed feel. The distinctive use of natural elements, deliberate lines, and soft faded colors creates an elegant and comfortable turn-key home that offers commanding views of the surrounding foothills and vineyards from nearly every room. From its columned cabana with white-painted ceiling beams and fireplace, to its board and batten carriage barn, this versatile compound blends a century of American design into a single transcendent whole. A lush garden surrounds the home with roses, gardenias, hydrangeas, and olive trees, as well as a verdant lawn between the farmhouse, cabana, and barn. Balancing aesthetics and functionality beautifully, 1301 Bella Oaks offers multiple outdoor entertaining areas, gracious interiors, and practical design elements. A stunning and fully furnished rendition of a timeless classic, the French Farmhouse. 












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      26408 NE 70th Street, Redmond, WA 98053 with 7 bedrooms, 11 baths and 13,540 sq.ft. is listed for sale at $4,900,000.














Today's Best Mortgage Rates
Mortgage Rates Bounce to 2-Week Highs
Nov 29 2017, 3:14PM

Mortgage rates moved higher today, with most lenders quoting their highest rates in at least 2 weeks.  But before you let that worry you too much, know that the range of available rates has been so narrow over the past 2 weeks that it didn't take much to earn that dubious distinction.  In fact, today's rate change is pretty close to average.  It wasn't even enough for lenders to change "note rates" (the actual interest rate applied to a loan balance).  Instead, changes are more likely to be seen in the form of the upfront costs/credits associated with any given rate quote.  

Economic data has a longstanding relationship with interest rate movement.  With that in mind, it's fair to assume that this morning's strong GDP report had a negative impact on rates.  But that's not what market participants are focused on at the moment.  Tax reform (among other things) is the bigger issue at the moment.

The tax bill has had a pretty consistent relationship with rates.  The more likely it looks, the higher rates go.  If it passes, rates would probably continue higher.  That keeps the potential for volatility quite high in the coming days, especially in light of the other potential market flashpoints including a possible government shutdown.
                                                                                                                          52 Week
30 Yr FRM3.98%3.95%+0.033.84%4.39%
15 Yr FRM3.32%3.29%+0.033.12%3.61%
FHA 30 Year Fixed3.60%3.55%+0.053.35%4.10%
Jumbo 30 Year Fixed4.16%4.14%+0.024.10%4.60%
5/1 Yr ARM3.20%3.18%+0.022.98%3.25%

Today's Top Real Estate News Article
Pending Home Sales Rebound, Beating Expectations

By Jann Swanson
Mortgage News Daily

Pending home sales posted their first strong showing in three months in October, beating even the most optimistic of predictions.  The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) jumped by 3.5 percent compared to September, to a reading of 109.3.  The September index, originally reported at 106.0, unchanged from August, was revised down to 105.6.

The PHSI, a forward-looking indicator of existing home sales, is at its highest reading since June, but continues to run behind year-ago levels.  The October index was 0.6 percent below the same month in 2016.

Analysts polled by Econoday had expected the index to rise, but only by 0.6 to 2.5 percent.  The consensus estimate was 1.0 percent.

Lawrence Yun, NAR chief economist, says pending home sales in the South saw "a nice bounce back" after dual hurricanes in August and September and were the primary driver in the PHSI's increase.  However, he said, "Last month's solid increase in contract signings were still not enough to keep activity from declining on an annual basis for the sixth time in seven months. Home shoppers had better luck finding a home to buy in October, but slim pickings and consistently fast price gains continue to frustrate and prevent too many would-be buyers from reaching the market." 

The economist noted that homebuilders are trying to ramp up new home production in the face of labor shortages and cost challenges, but the supply and affordability problems continue.  The overall supply of homes drastically lags demand.  The inventory of available homes stood at 1.80 million at the end of October.

Adding to the problem, he said, was data from the 2017 Profile of Home Buyers and Sellers.  That NAR survey showed homebuyers typically living in their homes for 10 years, a survey record.  Prior to 2009 sellers remained in their homes for a median of six years before selling.
                                          
"Existing inventory has decreased every month on an annual basis for 29 consecutive months, and the number of homes for sale at the end of October was the lowest for the month since 1999," said Yun. "Until new home construction climbs even higher and more investors and homeowners put their home on the market, sales will continue to severely trail underlying demand."

Pending home sales increased in three out of four regions, inching up 0.5 percent in the Northeast to 95.0. This lags the October 2016 rate by 1.9 percent.  

The index in the Midwest was at 105.8, a gain of 2.8 percent but down 0.9 percent on an annual basis.  

The rebound cited by Yun carried pending sales in the South to 123.6 on NAR's index, up 7.4 percent from September and 2.0 percent higher than a year earlier.

The index in the West decreased 0.7 percent in October to 101.6, and is now 4.4 percent below a year ago. 

Yun forecasts that existing-home sales will finish out the year at around 5.52 million, up from 5.45 million in 2016, and representing growth of 1.3 percent.  He expects the national median existing-home price to increase around 6 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.
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