Thursday, December 21, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      301-317 Murray Place, Southampton, NY 11968 include 9 bedrooms, 12 baths and 11,610 sq.ft. are listed for sale at $100,000,000.


This renowned oceanfront estate in the Village of Southampton consists of two lovely custom built French chateau-style residences within the prestigious and historic Murray Compound.   The homes are sited on approximately 6 acres with the option to be purchased individually. 317 Murray Place sits on a 3.6 acre lot and features 3 bedrooms, 6 bathrooms and 7,010 sq.ft. This property has over 200 ft. of direct oceanfront.  The second residence located at 301 Murray Pl has 5 bedrooms,  5 baths, 4,600 square feet and was built in 1998 on 1.84 acres. 

The lovely custom French chateau-style main residence was built to maximize its stunning ocean vistas beyond its Rosa Rugosa covered dune. It is approached by a long private drive as its deep-toned stucco faade rises over the front parking court. Enter through the massive front doors and stone archway, up a double-plus height curved plaster-walled stair with custom carved iron railings to main landing. The arches theme repeats from the living/great room with enormous carved stone fireplace, to floor-to-ceiling height windows that open outside to a series of tiered stone patios down to the oceanside, 50'x20' swimming pool. 

Back inside, the formal dining room, with its own carved fireplace, opens to the professional-grade kitchen with family room, both that open to ocean-facing covered outdoor patio suitable for hosting large parties. Off the main floor, a separate staircase leads to two identical guest bedroom suites. A grand staircase rises to the master bedroom suite with its own entry foyer, sitting room, fireplace, arched windows opening to a private beach view deck, and two separate bathrooms with dressing closets. An elevator services all three floors. The ground level includes a service entry, laundry facility, wine cellar, separate one-bedroom apartment, and 2-car garage. The residence was built on over 330 pilings, and includes its own power generator. Much of the stone work in its numerous archways and floors were imported, and experts were employed to realize the vision of this French chateau on the ocean.














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      5727 Baja Mar, La Jolla, CA 92037 with 4 bedroom s, 7 baths and 7,420 sq.ft. is listed for sale at $4,995,000.



This beautiful three-story home has astonishing panoramic southern views from Mission Bay to Coronado. Situated on a private cul-de-sac it features ,a three car garage, master bedroom on the main level with large walk-in closet, huge vaulted ceilings in the formal living room and family room as well as two large extra rooms downstairs, great for entertaining and/or a threatre. This is definitely a property you don't want to miss!

















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     47775 Canyon Court, Indian Wells, CA 92210 with 4 bedrooms, 5 baths
 and 9,840 sq.ft. is listed for sale at $8,495,000.



This truly magnificent Guy Dreier design offers 9,840 sq. ft. and is perfectly perched at the Desert's most prestigious address, The Vintage Club. Offering complete privacy and panoramic mountain views this desert contemporary has everything you've come to expect in this resort-like setting. There are many aspects of the home to be admired from the walls of glass that complement the indoor/outdoor living, to the grand master suite with a large sitting area and impressive fireplace. An awe-inspiring master bath offers a central fireplace that opens to the shower, a steam shower,sauna, exercise area, and outdoor patio with a shower, spa, fire-pit and lounging bed. The gourmet kitchen is as unique with a large skylight that opens to the skies. Three guest suites are located along a private corridor with beautiful garden and mountain views. Offered with Guy Dreier designed furnishings. 




















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     7175 East Camelback Road, Unit 1202, Scottsdale, AZ 85251 with 2 bedrooms, 
3 baths and 3,363 sq,ft, is listed for sale at $3,595,000.


Beautiful penthouse with extraordinary views. Exceptional 2 bedroom, 2.5 bathroom, 3,363 sqft condo at the luxurious, and ideally located, Scottsdale waterfront residences. Gorgeous Camelback mountain and sunset views, huge balcony, office, large gourmet kitchen, open split floor plan, wood and stone flooring, and carpeted bedrooms. This exceptional tower offers 24 hour security, concierge & valet services, fitness center, breathtaking rooftop pool, spa, and club room with fireplaces, reading nooks, and areas to relax and entertain. All this within a comfortable walking distance of fashion square mall, old town Scottsdale, and the many fine restaurants, boutiques, art galleries, and areas of entertainment.













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     751 Shiloh Terrace, Santa Rosa, CA 95403 with 5 bedrooms, 8 baths and 8,055 sq.ft. is listed for sale at $8,500,000.



Maison Sur Le Lac is situated overlooking Shiloh Lake on more than 7.5 private acres. This elegant French country estate includes an expansive main home with extensive use of limestone, a separate guest home, infinity edge pool and spa, sprawling lawns, bocce court, olive trees surrounded by formal gardens and stunning views. This European inspired masterpiece exudes elegance and gracious living in the wine country for the discriminating buyer.

















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     2460 73rd Avenue SE, Mercer Island, WA 98040 with 6 bedrooms, 7 baths and 4,965 sq.ft. is listed for sale at $3,380,000.



Luxurious new construction in desirable First Hill. Timeless with modern edge;fabulous open plan great for entertaining or everyday living. Magnificent great room with 2 fireplaces,multiple seating areas & formal dining that opens to expansive covered ironwood deck. Gourmet's kitchen; main floor guest; den; luxe master with Lake & territorial views; upstairs bonus; lower level rec;wine room. Sophisticated palette & high quality finish;wide white oak hardwoods,designer lighting...a superb offering.








Today's Best Mortgage Rates
Mortgage Rates Highest Since Late October
Dec 20 2017, 2:26PM


Mortgage rates continued higher today, largely due to momentum in bond markets (which dictate rates) carrying over from yesterday.  Trading was far less active today and the movement was much smaller.  Even so, any amount of additional weakness would have been enough to confirm a shift in what had been an exceptionally flat rate range over the past 3 months.

The average lender has moved an eighth of percentage point (.125%) higher in rate over the past 2 days, leaving them right in line with late October's levels.  Unfortunately late October marked a brief period of highs rates, and you'd have to go back to early July to see anything similar.  On a final, downbeat note, we haven't seen conclusively higher rates since May 2017.

As we discussed yesterday, bond markets are making these moves for their own reasons, without regard for the Tax bill that passed it's re-vote in the House today (and the Senate's first and only vote overnight).  To be clear, the tax bill has been a big deal for rates--just not over the past 2 days.  The fact that its passage aligns with market volatility is utter coincidence. 

There's always a bit of uncertainty when it comes to market movement in the 2nd half of December.  Markets won't really be firing on all cylinders until the 2nd week of January.  All we can know for now is that a sideways trend has given way to new trend toward higher rates.  It will take significant improvements before abandoning that outlook.  As such, floating one's rate makes even less sense than it did before.

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.09%4.05%+0.043.84%4.39%
15 Yr FRM3.40%3.35%+0.053.12%3.61%
FHA 30 Year Fixed3.75%3.65%+0.103.35%4.05%
Jumbo 30 Year Fixed4.23%4.19%+0.044.10%4.60%
5/1 Yr ARM3.25%3.25%--2.98%3.25%
Today's Top Real Estate News Article
Existing Home Sales Post Largest Gains Since 2015
Dec 20 2017, 10:55AM


By Jann Swanson
Mortgage News Daily

Existing home sales pulled off a hat trick in November, and the third successive monthly increase was a substantial one.  The National Association of Realtors® (NAR) says sales rose 5.6 percent from October to November, reaching their strongest pace in nearly 11 years.

Sales of existing single-family homes, townhomes, condos, and cooperative apartments were at a seasonally adjusted annual rate of 5.81 million, up from a revised (from 5.48 million) 5.50 million sales in October. The increase brought sales to a level 3.8 percent higher than in November 2015, and the highest since December 2006.

(As a technical aside, NAR says the November increase is the largest monthly gain since December 2015 when the rate of sales jumped 12.1 percent.  This was due in part to delayed closings resulting from the rollout of the Know Before You Owe initiative.)
Analysts polled by Econoday were not expecting such strong results following the previous two months of gains. They were looking for results in the range of 5.43 million to 5.77 million with a consensus of 5.44 million.

There was a 4.5 percent increase in single-family home sales to an annual rate of 5.09 million from 4.87 million in October. Those sales are now up 3.2 percent from last November's 4.93 million-unit pace.  Sales of existing condominium and co-op units jumped by 14.3 percent to a seasonally adjusted annual rate of 720,000 units in November, and are now 7.5 percent ahead of last year.

Lawrence Yun, NAR chief economist, says home sales in most of the country expanded at a tremendous clip in November. "Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end," he said. "As evidenced by a subdued level of first-time buyers and increased share of cash buyers, move-up buyers with considerable down payments and those with cash made up a bulk of the sales activity last month. The odds of closing on a home are much better at the upper end of the market, where inventory conditions continue to be markedly better."   

The median existing-home price for all housing types in November was $248,000, a 5.8 percent annual rate of appreciation, from the $234,400 median in November 20.  It was the 69th straight month of year-over-year gains.

The median price of an existing single-family home was $248,800, up 5.4 percent from November 2016. The median price of an existing condo unit rose 8.8 percent to $242,500.  
The market continues to tighten as the available inventory dropped another 7.2 percent by the end of November.  Total housing inventory is considered to be a 3.4-month supply at the existing rate of sales, with 1.67 million existing homes for sale.  The inventory shrunk year-over-year by 9.7 percent, the 30th consecutive month of annual decreases.  In November 2016 there were 1.85 million homes for sale and a 4.0-month supply.

"The anticipated rise in mortgage rates next year could further cut into affordability if these staggeringly low supply levels persist," said Yun. "Price appreciation is too fast in a lot of markets right now. The increase in homebuilder optimism must translate to significantly more new construction in 2018 to help ease these acute inventory shortages."
Distressed sales represented 4 percent of sales, as they had for the previous three months.   One year ago, foreclosures and short sales accounted for 6 percent of sales. This November, 3 percent of sales were foreclosures and 1 percent were short sales.

First-time buyers accounted for 29 percent of sales in November, down 3 percentage points both from October and a year ago. Individual investors bought 14 percent of the homes sold, up from 13 percent in October.  Twenty-two percent of home sale transactions were all cash, the highest share since May and 2 points more than in October.

 "The elevated presence of investors paying in cash continues to add a layer of frustration to the supply and affordability headwinds aspiring first-time buyers are experiencing," said Yun.

"The healthy labor market and higher wage gains are expected to further strengthen buyer demand from young adults next year. Their prospects for becoming homeowners will only improve if more lower-priced and smaller-sized homes come onto the market." 

Typical marketing time in November was 40 days, up from 34 days in October. Forty-four percent of homes sold in November were on the market for less than a month.
On the topic of tax reform, NAR President Elizabeth Mendenhall, says it's good news that homeowners can continue to count on tax incentives such as the mortgage interest deduction and the state and local tax deduction if the proposed bill becomes law.

"Only 6 percent of homeowners have mortgages exceeding $750,000, and only 5 percent pay more than $10,000 in property taxes, but most homeowners won't itemize under the new regime," she said. "While we're pleased that important homeownership incentives such as the capital gains exclusion survived in conference, additional changes are required to truly incentivize homeownership in the tax code."

Sales were strong in every region but the West.  Sales of existing homes jumped 6.7 percent in the Northeast, to an annual rate of 800,000, matching the November 2016 rate. The median price in the region was $273,600, a 4.0 percent annual increase.  

The Midwest performed even better, with sales surging 8.4 percent to an annual rate of 1.42 million.  Sales are now 6.8 percent above a year ago. The median price was $196,100, up 8.8 percent.

Existing-home sales in the South expanded 8.3 percent to an annual rate of 2.34 million, a 4.0 percent year-over-year gain. The median price grew 4.8 percent to $216,200.

The West saw sales decline by 2.3 percent to an annual rate of 1.25 million, remaining 2.5 percent above a year ago. The median price was $375,100, up 8.2 percent from November 2016.
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