Wednesday, December 20, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1     1451 Brickell Avenue, Penthouse #1, Miami, Florida 33131 with 4 bedrooms, 
8 baths and 9,425 sq.ft. is listed for sale at $42,000,000.

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Personally designed by Carlos Ott, the Penthouse at Echo Brickell is the only residence occupying the upper floors of this iconic building . Featuring a two-story layout with breathtaking views of Biscayne Bay, the Atlantic Ocean, and Downtown Miami. The residence offers direct elevator access, an indoor 26-foot lap pool, private gym, sky garden, and over 2,000 square feet of 8-foot deep terraces. Interiors feature 23-foot ceilings, with floor-to-ceiling windows, marble flooring, 7-foot Italian entry doors, and Poliform kitchen cabinets. The building has full concierge services. Echo Brickell is an innovative, contemporary tower at the epicenter of Miami's fastest growing metropolitan neighborhood.


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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      7567 Montien Road, San Diego, CA 92127 with 4 bedrooms, 6 baths and 
7,025 sq.ft. is listed for sale at $3,295,000.


This Magnificent Custom Santaluz Estate HAS IT ALL!! Movie Theater that seats up to 15 with a 12' x 7' screen, Sports Bar set up for multiple TV's, Guest Suite with kitchenette, washer/dryer, walk in pantry, and separate entrances, Whole House Music System, 60' x 30' Pool with Spa and Waterfalls, Great Room with Built-in Bar, Gourmet Kitchen with Butler's Pantry, Temp-Controlled Wine Cellar, Nice Large Backyard with View, High Ceilings in Bedrooms, Office with Fireplace and Built-ins, See Supplement. . Master Suite features Fireplace, Massive Walk-In Closet, Big Jacuzzi Tub, Steam Shower, Sauna, and Private Outdoor Spa. New carpet and paint throughout. 












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     1445 Edgecliff Lane, Pasedna, CA 91107 with 6 bedrooms, 7 baths 
and 6,046 sq.ft. is listed for sale at $24,999,999.

 


A once in a lifetime opportunity to acquire a World Class estate. One of a kind property, a Mediterranean European villa with spectacular views of the city, making it a private paradise. A magnificent entry with dramatic high ceilings. The main house is surrounded with beautiful grounds, a sparkling outdoor salt water swimming pool and spa with waterfalls as well as many areas for large scale entertaining. In addition to the Main House, there is a complete 2 bedroom and 1.75 bath Guest House and a basement which is used as a gym and game room. The property is sold in AS IS condition. Owner is a real estate California broker. 













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      4821 East Exeter Blvd., Phoenix, AZ 85018 with 4 bedrooms, 5 baths and 
5,400 sq.ft. is listed for sale at $4,250,000.
Location Location Location: Surrounded by the most prestigious homes in all of Arcadia, this gated, Belgian Farmhouse designed by Candelaria and built by Nance Construction sits on one of the best lots in all of Arcadia. Large Private Exeter lot features lush, mature landscape designed by Berghoff. Handcrafted elements include hand applied plaster walls, reclaimed Cream Brick walls and fireplaces, Waterworks Plumbing Fixtures/Tile, 4 bed and bath with 2 powder baths, Private Office with fireplace and built in shelves/desk, Dining Room with special white oak built in china cabinet, Large Master Suite with fireplace and large custom closet with island, Butler's Pantry with reclaimed brick/glass wine unit, ice maker and polished nickel sink, Kitchen is completely equipped with white oak kitchen island, Viking/Wolf/Sub Zero appliances, walk-in pantry, mudroom and laundry with 4 Electrolux machines, 3 car garage. Lot is gated yet has beautiful front patio/fireplace to entertain your neighbors and friends and a private rear yard that must be seen. Barbecue patio/eating space/fountain/veggie gardens off kitchen, large fire pit and limestone patio and a brand new pool/spa with Ramada and fireplace.  Lutron Lighting system/speakers/AV ready/wired for security cameras 











Today's Top San Francisco Luxury Estate

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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      16410 Reynolds Drive, Morgan Hill, CA 95037 with 5 bedrooms, 6 baths and 
5,305 sq.ft. is listed for sale at $3,588,888 




This Estate is located on one of the most premier streets in the Paradise Valley area of Morgan Hill. This home lacks nothing! Wine cellar, downstairs master bedroom suite, office with custom built-ins and Murphy bed, 3 en suite bedrooms and large upstairs bonus room. The property still has the formal living room and dining room for entertaining but the heart of the home is the approximately 1,500 sq.ft. kitchen and family room with 12 ft. disappearing Lanai doors leading to the outdoor living area. The Grand pavilion with fireplace overlooks the pool, waterfall, spa, fire pit,outdoor kitchen and bar. Words can't capture the beauty of this home. Hardwood and Travertine floors throughout, high end appliances, butlers pantry, 3 fireplaces, solar for pool, 4 car garage with plenty of storage, alarm, security cameras, approximately 2.12 acres of plush landscaping and much more! Over $850,000 in upgrades throughout. 




















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     1130 Grand Avenue, Seattle, WA 98122 with 3 bedrooms, 4 baths and 4,093 sq.ft. is listed for sale at $2,400,000.


Panoramic Views of Lake WA, Bellevue skyline, and Cascades greet you at the door and on every level! The Storybook Tudor boasts views of Mt Rainier and serene sunrise colors dance on the lake setting the stage for aw-inspiring elegance. A seamless floorplan w/abundant windows grace every rm w/natural light. Perfectly appointed Gourmet Kitchen awaits the chef, Carrara marble surfaces, marble flrs and finest ss appl's. Inviting master w/5pc bath and deck. An Entertaining grand size sun and rec room, come see!


















Today's Best Mortgage Rates
Mortgage Rates Surge to Recent Highs 
Dec 19 2017, 4:47PM

Mortgage rates surged higher today, ultimately making it back to levels not seen since late October in some cases (depending on the lender).  Part of the reason rates were able to cover so much ground in a single day is that the recent range has been exceptionally narrow.  In fact, it wouldn't be too surprising to see the same interest rate quoted today and yesterday with the difference being higher closing costs for today's quote.  All that having been said, many borrowers will actually be looking at the next eighth of a percent (.125%) higher in rate.

Given that the tax bill passed the House today (actually, it looks like it may have to go for a revote tomorrow, due to a technicality), it's easy to assume the move in rates is related.  It's not.  The move in rates is it's own animal, having to do with the year-end trading environment in bond markets and other esoteric motivations not related to any headline events.  As unsatisfying as that may be, it's actually better than giving credit to the tax bill for serving as the inception of some new thrust toward even higher rates.  That doesn't mean such a thrust isn't on the horizon, but if it is, it's not a factor of anything that happened today
   
                                                                                                                     52 Week
                                                                                                                        .
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.05%3.97%+0.083.84%4.39%
15 Yr FRM3.35%3.30%+0.053.12%3.61%
FHA 30 Year Fixed3.65%3.60%+0.053.35%4.05%
Jumbo 30 Year Fixed4.19%4.13%+0.064.10%4.60%
5/1 Yr ARM3.25%3.21%+0.042.98%3.25%
Today's Top Real Estate News Article

Homebuilding Activity Stronger Than Forecast

By Jann Swanson
Mortgage News Daily

After a surprisingly good report in October, with all three measures of residential construction activity rising significantly, analysts were expecting a little give back in November.  That happened with both building permits and construction completions, but housing starts outpaced even analysts' most optimistic forecasts.

The Census Bureau and the Department of Housing and Urban Development report that starts in November rose 3.3 percent from October to a seasonally adjusted annual rate of 1,297,000.  Analysts polled by Econoday has been looking for a range of 1,191,000 to 1,290,000, with a consensus of 1,240,000.  The gain however, got an assist from a downgrade in the October number, from 1,290,000 to 1,256,000. The November increase put starts 12.9 percent above their pace a year earlier. 

Single-family starts were estimated at an annual rate of 930,000, a 5.3 percent increase from the revised (from 877,000) October figure of 883,000 and 13.0 percent higher than the prior November number.  Starts in buildings with five or more units were at a rate of 359,000, an 0.8 percent and a 11.1 percent gain on a monthly and an annual basis.
On a non-adjusted basis there were 98,400 residential units started in November, down from 109,000 in November.  Single-family starts declined from 75,200 to 67,900.

Permits for residential construction declined from October by 1.4 percent to a seasonally adjusted annual rate of 1,298,000 units, remaining 3.4 percent ahead of the same month in 2016. The October rate was revised to 1,316,000 from the original estimate of 1,297,000.
Analysts had expected permits to be at a rate of 1,250,000 to 1,310,000 with a consensus of 1,270,000.   

Single family permits were at a rate of 862,000, an uptick of 1.4 percent from the October number which was revised upward from 839,000 to 850,000.  The November rate was 9.7 percent higher than a year earlier.  Multi-family permits were issued at a 395,000 units rate, down 8.8 percent and 7.7 percent from the two earlier periods.

On a non-adjusted basis there were 96,500 permits issued, 61,700 for single-family units. In October the respective numbers were 114,000 and 70,900.

Units were completed at an annual rate of 1,116,000, down 6.1 percent from a month earlier and 7.2 percent from last November. The October rate was revised down from 1,232,000, to 1,189,000.

Single family completions fell 4.6 percent from a 788,000 rate (revised from 793,000) in October to 752,000 in November, and were 1.8 percent lower than a year earlier.  Multifamily units were completed at a rate of 353,000, down 10.4 percent month-over-month and 17.1 percent year-over-year.

On a non-adjusted basis there were 93,000 units completed during the month, 65,700 of them single-family houses. In October the comparable numbers were 107,700 and 73,000.
At the end of November there were 1,110,000 units under construction with 499,000 of them single-family units.  Permits had been issued for 155,000 units (80,000 of them single-family) for which construction had not yet started.

Starts in the Northeast dropped by 39.6 percent from October but were 4.8 percent higher than in November 2016. Permits were down 5.7 percent compared to October, and 3.4 percent year-over-year. Completions rose by 8.5 percent and gained 39.1 percent on an annual basis.

In the Midwest there was a decline of 12.9 percent in the rate of starts compared to the previous month and there were 19.0 percent fewer year-over-year. Permitting was also down, losing 4.7 percent and 1.6 percent from earlier levels. Completions were 17.6 percent higher than in October but down 3.3 percent annually.

The South seems to have come back from the construction declines related to the late summer hurricanes. Starts rose in by 11.1 percent and 18.9 percent compared to October and the prior November respectively. Permits were up by 1.4 percent compared to October and 5.6 percent on an annual basis. Completions dropped 6.5 percent and 15.3 percent from the two earlier periods, perhaps also reflecting hurricane delays.

The West saw a 19.0 percent increase in starts from the previous month and they were 27.9 percent above the same month in 2016. Permits lost 3.0 percent from the October rate but were up 4.7 percent from a year earlier. Completions retreated by 25.7 percent compared to October and 8.2 percent year-over-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