Wednesday, December 6, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      200 Star Meadow Road, Whitefish, Montana with 17 bedrooms, 20 baths  and 33,000 sq.ft. is listed for sale at $33,000,000.
 
An extraordinary 1,900 acre offering just minutes from Whitefish. 1,400 acres enjoys ultimate privacy bordered by national forest while the additional 500 acres is open and undeveloped along the Stillwater River. Three exceptional homes and two guest log cabins are included on the larger parcel. Sweeping mountain and valley views only get better as the property elevation increases nearly 1,000 feet from it's eastern edge to the west border. Two private lakes, miles of walking trails and a "waterfall park" create an unparalleled setting on this private estate.  
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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       7171 Country Club Drive, La Jolla, CA 92037 with 3 bedrooms, 4 baths and 3,856 sq.ft. is listed for sale at $5,250,876

7171 Country Club Dr, La Jolla, CA 92037

Welcome to La Bianca Dimora!where quality craftsmanship, timeless architecture, and a meticulous attention to detail converge to create what can only be described as a masterful work of art. Showcasing sweeping views over the La Jolla Country Club golf course to the Pacific Ocean, this just-completed, Marengo Morton designed Spanish Contemporary provides the perfect balance between cutting-edge convenience and old-world charm (continued in supplement). Aesthetically pleasing in every regard, the floor plan’s functionality is coupled with absolutely stunning interior appointments such as hand-tooled, natural plaster walls, African acacia hardwood and handmade terra-cotta tile flooring, custom cabinetry by Borrelli Design, and an extensive use of stone throughout .Completely renovated in 2017 with an original year built of 1990 per assessor’s records. This is a truly unforgettable experience in a Village-close and distinguished Country Club locale.

7171 Country Club Dr, La Jolla, CA 92037

7171 Country Club Dr, La Jolla, CA 92037

7171 Country Club Dr, La Jolla, CA 92037

7171 Country Club Dr, La Jolla, CA 92037

7171 Country Club Dr, La Jolla, CA 92037

7171 Country Club Dr, La Jolla, CA 92037

7171 Country Club Dr, La Jolla, CA 92037
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7171 Country Club Dr, La Jolla, CA 92037
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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     340 Old Ranch Roacd, Bradbury, CA 91008 with 10 bedrooms, 18 baths and 18,867 sq.ft. is liste for sale at $19,799,000.


Enjoy a life of luxury in this stunning two-story, Mur-Sol masterpiece located on 4.16 artfully landscaped acres in the exclusive Bradbury Estates. This elegant modern Mediterranean-style home features unrivaled craftsmanship with the finest amenities built new in 2010. Impress your guests from formal entertaining to casual indoor/outdoor living. The 2500 sq ft guest house features 3 bedrooms/2 baths with bamboo floors, gourmet kitchen with Viking appliances and its own 2-car garage. The fully equipped indoor batting cage(40ftx86ft) could easily be converted to your very own bowling alley, banquet/entertaining/play room or even a RV size garage!















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      5196 East Roadrunner Road, Paradise Valley, AZ 85253 with 5 bedrooms, 
7 baths and 8,459 sq.ft. is listed for sale at $6,200,000.


Sitting high and elegantly in the coveted Paradise Valley, this custom estate is the epitome of luxury living. Designed by Mark Candeleria, and located near Paradise Valley Country Club, is a masterpiece of design and impeccable craftsmanship. The interior spaces reflect French Transitional glamour with beautiful white marble floors from the Greek Island of Thassos and limestone, marble and onyx counters. Sophisticated finishes and classic architectural elements include hand-carved groin vaulted ceilings, custom cabinetry throughout, a mahogany library and lavish spa-like master suite. The top-of-line chefs kitchen is clad with premium finishes and opens to great room with wine room and wet bar. Entertaining abounds with state-of-the-art theatre room, separate guest house, six fireplaces and charming courtyards. Incredible views of city lights and sweeping mountains wrap around a fully tiled pool and spa, 22ft BBQ bar, fireplace and fire pit. With its elegance, serenity and unparalleled privacy, this is the ultimate estate for those who are seeking life?s best.











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      24580 Ruth Lee Court, Los Altos, CA 94024 with 5 bedrooms, 5 baths 
and 5,089 sq.ft. is listed for sale at $5,649,000.   


Stunning almost-new contemporary estate with panoramic views of the foothills*Prestigious Ruth Lee neighborhood comprised of extraordinary custom estates*Generous 34,848 parcel offers a historic fruit and walnut orchard*Dazzling valley views from almost every room in the home*Spacious gourmet kitchen boasts huge island with prep sink, custom granite and cabinetry*Four bedrooms en-suite with remodeled and updated lower baths*Elegant Zen-like master bed and bath with soaking tub, separate shower and dual sinks*Downstairs family room with access to private wrap-around patio.
















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     6402 East Mercer Way, Mercer Island, WA 98040 with 4 bedrooms, 5 baths and 6,819 sq.ft. is listed for sale at $6,500,000.

6402 East Mercer Wy, Mercer Island, WA 98040

Waterfront living at its finest! Newly Constructed by Legacy Homes of WA. Classic architecture w/ a refreshing twist. Sweeping 180 degree lake views in the spa-like Owners Suite on upper floor. Second Master Suite on main. Elevator accessing 3 floors. The Lake Room on lower level is reminiscent of a world class resort where guests move freely between indoor and outdoor spaces for year round entertaining. Terraced lawn leads to new  dock w/ deep water moorage and 75 of Lake WA shoreline.


6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

6402 East Mercer Wy, Mercer Island, WA 98040

Today's Best Mortgage Rates
Mortgage Rates Steady to Lower
Dec 5 2017, 4:58PM

Mortgage rates were more intuitive today with most lenders keeping things unchanged at first.  This matched the movement in underlying bond markets, where today's trading levels in the morning (when most lenders put out the first rate sheet) were roughly in line with yesterday's.  

As the day progressed, however, bonds began to improve steadily.  This improvement was enough for many lenders to issue positive reprices in the afternoon (i.e. new, lower rates for the day).  While every little bit helps, we're only talking about a token change in most cases.  The average borrower will see the improvement in the form of slightly lower upfront costs, with no change in the actual note rate.

The average lender continues quoting conventional 30yr fixed rates at 4.0% for top tier scenarios.  This hasn't changed fore more than 2 months.
                                                                                             52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.00%4.00%--3.84%4.39%
15 Yr FRM3.34%3.34%--3.12%3.61%
FHA 30 Year Fixed3.60%3.60%--3.35%4.10%
Jumbo 30 Year Fixed4.16%4.17%-0.014.10%4.60%
5/1 Yr ARM3.20%3.21%-0.012.98%3.25%
Today's Top Real Estate News Article

The Most Overvalued Housing Markets Aren't the Ones You'd Expect

By Clare Trapasso
Realtor.com


core-logic-overvauled-markets             



With home prices reaching heights unheard of across the nation, it all may seem scarily reminiscent of the factors that led up to the housing crash. Is this the worst type of real estate déjà vu?

Reality check time! Another crash is altogether unlikely since some of the primary drivers of the crisis—easy credit and an abundance of new construction and homes on the market—are no longer present. These days, more-qualified buyers with stronger credit scores are receiving the bulk of the mortgages and there's a dearth of homes for sale and not enough new ones going up to meet demand.

But about half of the largest 50 markets in the U.S. are overvalued, according to a recent CoreLogic report. The research company compared October's home prices and local household incomes to historic norms, starting in 1976, to figure out which markets were out of whack, or overheated. About 36% of the largest 50 metros were deemed fairly valued, and 14% were undervalued.
The report concluded that metros such as Las Vegas, New York City, and Denver are overvalued when taking into consideration the income of residents. Home prices in those markets rose 10.2%, 3.6%, and 8.3%, respectively, year over year.

“For the overvalued markets, the [home] prices look kind of high compared to local incomes," says Frank Nothaft, CoreLogic's chief economist. "[But] I don’t think we’re going see a crash."

Instead, he expects price growth to slow down or even dip a little if mortgage rates rise, which they're expected to do next year.
In a twist, San Francisco, where the median home price is a staggering $899,050, was considered "at value." ( Inside San Francisco's city limits, it's even higher, at $1,300,000, according to realtor.com® data.)

Wait, this famously pricey market is not overvalued?!

It's all relative, according to Nothaft. "Prices [in the Bay Area city] have always been very high compared to the local households," he says. "Families have adapted to that. That's just the norm for San Francisco."

Nationally, home prices shot up 7% year over year in October and rose 0.9% from September, according to the report. They are anticipated to go up an additional 4.2% through October 2018.

"The acceleration in home prices is good news for both homeowners and the economy because it leads to higher home equity balances," Frank Martell, president and CEO of CoreLogic, said in a statement. "However, for entry-level renters and first-time homebuyers, it leads to tougher affordability challenges."

On a statewide basis, the lowest annual price upticks were in West Virginia, at just 0.4%. Rounding out the five smallest increases were New Mexico, at 2.1%; Wyoming, at 2.2.%; Oklahoma, at 2.3%; and Washington, DC, at 2.4%.

Prices shot up the most in Washington state, home to Seattle, where they jumped 12.5% year over year. That was followed by increases of 10.1% in both Nevada and Utah, 9% in Idaho, and 8.2% in both Colorado and Michigan.

Though prices are up and a chosen market may be overvalued, potential buyers needn't look elsewhere.

"If you've got the financial wherewithal and have saved up for the down payment and closing costs and you’ve found a home in a neighborhood you really like, you are well-positioned to buy a home," Nothaft says.

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