Wednesday, January 10, 2018




Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      1172 Napoli Drive, Pacific Palisades, CA 90272 with 7 bedrooms, 9 baths and 13,343 sq.ft. is listed for sale at $20,500,000.


Prime Riviera Palisades Brand New East Coast Traditional on Napoli Drive. Spacious living room with fireplace, formal dining room with butler's pantry, study with built-ins, bar and guest suite. Gourmet chef's kitchen with breakfast area opening to a large family room with fireplace and oversized sliding doors leading to the private outdoor entertaining area, complete with pool, spa, outdoor BBQ and guest house. Upstairs master suite with separate sitting area, his and hers bathrooms and two large walk-in closets along with three spacious additional bedrooms. Downstairs basement level features a screening room, gym, family room with full bar and temperature controlled walk in wine cellar, and maid's room.























Today's Top Real Estate News 

End of 2017 Sees Homeowners and Appraisers More In Agreeance than in the Past Two Years

Cision PR Newswire

- Quicken Loans' National HPPI shows appraised values 0.50% lower than homeowners estimated in December

- Home values rose 0.65% nationally in December, with a 6.17% year-over-year increase, according to the Quicken Loans HVI



DETROITJan. 9, 2018 /PRNewswire/ -- The views of homeowners, and those who appraise their properties, are continuing to move closer together. Home appraisals were an average of 0.5 percent lower than what owners expected in December, according to the National Quicken Loans Home Price Perception Index (HPPI). These two data points have moved closer together since November, when appraised values were 0.67 percent lower than homeowners' estimates, and far improved from one year ago when there was a full 1 percent difference in valuation,




Increasing equity continues to be another source of good news for homeowners. The National Quicken Loans Home Value Index (HVI) reported the average appraisal value climbed 0.65 percent higher from November to December, and jolted ahead 6.17 percent compared to the previous December.

Home Price Perception Index (HPPI)

Appraisals in December were an average of 0.5 percent lower than what homeowners estimated at the beginning of the mortgage process. Although the average appraisal continues to lag homeowner estimates, the gap between the two numbers was narrower in December than it has been since March 2015. The current narrowing trend is in its seventh-straight month. While perceptions vary between metro areas, they are improving at the metro level. A negative value, which indicates that appraiser opinions are lower than homeowner perceptions, was only indicated in a quarter of metro areas measured by the HPPI.

"Appraisers and real estate professionals evaluate their local housing markets daily. Homeowners, on the other hand, may only think about their housing market when they see 'for sale' signs hit front yards in the spring or when they think about accessing their equity," said Bill Banfield, Quicken Loans Executive Vice President of Capital Markets. "This is reflected in the HPPI. The housing markets that are rising quickly, like those in the West, are having appraisal values increasing above owner estimates because owners don't realize just how quickly those markets are advancing."

Home Value Index (HVI)\

The HVI, the only measure of home value change based solely on appraisal data, showed promising growth. Values rose 0.5 percent from November to December, and 2017 ended on a strong note with the HVI rising 6.54 percent from January to December. The Northeast is the only region to show a monthly dip in value, but all regions reported annual growth – topping out with a 7.42 percent jump in the West.

"Homeowners received the gift of added equity this holiday season," said Banfield. "With several years of growth, owners may have more equity than they realize. Many consumers use the tax season at the beginning of the year to reevaluate their entire financial life. It also provides a good opportunity for them to consider how best to take advantage of their equity while mortgage interest rates and borrowing costs are still near record lows."


HVI
December 2017

January 2005 = 100
HVI
December 2017
vs.
November 2017
% Change
HVI
December 2017
vs.
December 2016
% Change
HPPI
December 2017

Appraiser Value vs. Homeowner Perception of Value*
HPPI
December 2016

Appraiser Value vs. Homeowner Perception of Value*
National Composite
105.77
+0.65%
+6.17%
-0.50%
-1.33%

*A positive value represents appraiser opinions that are higher than homeowner perceptions. A negative value represents appraiser opinions that are lower than homeowner perceptions.


Geographic
Regions

HVI
December 2017

January 2005 = 100
HVI
December 2017
vs.
November 2017
% Change
HVI
December 2017
vs.
December 2016
% Change
HPPI
December 2017

Appraiser Value vs. Homeowner Perception of Value*
HPPI
December 2016

Appraiser Value vs. Homeowner Perception of Value*
West
127.92
+0.55%
+7.42%
-0.24%
-1.06%
South
107.64
+0.39%
+6.37%
-0.53%
-1.34%
Northeast
99.03
-0.21%
+3.50%
-0.68%
-1.52%
Midwest
87.21
+0.03%
+6.46%
-0.71%
-1.45%

*A positive value represents appraiser opinions that are higher than homeowner perceptions. A negative value represents appraiser opinions that are lower than homeowner perceptions.


Metropolitan
Areas

HPPI
December 2017

Appraiser Value vs. Homeowner Perception of Value*
HPPI
November 2017

Appraiser Value vs. Homeowner Perception of Value*
HPPI
December 2016

Appraiser Value vs. Homeowner Perception of Value*
Dallas, TX
+3.17%
+3.25%
+2.09%
San Jose, CA
+2.55%
+2.11%
+1.07%
Denver, CO
+2.22%
+2.36%
+3.04%
San Francisco, CA
+2.22%
+1.93%
+1.79%
Seattle, WA
+2.20%
+2.19%
+1.39%
Boston, MA
+1.62%
+1.63%
+1.16%
Portland, OR
+1.25%
+1.47%
+2.14%
Charlotte, NC
+1.14%
+1.16%
+0.86%
Los Angeles, CA
+1.06%
+0.99%
+1.32%
Sacramento, CA
+1.03%
+1.06%
+0.81%
San Diego, CA
+1.03%
+1.13%
+0.55%
Kansas City, MO
+0.93%
+0.64%
+0.56%
Minneapolis, MN
+0.87%
+0.70%
+1.01%
Miami, FL
+0.84%
+0.86%
+0.01%
Phoenix, AZ
+0.65%
+0.46%
-0.74%
Las Vegas, NV
+0.63%
+0.61%
-0.61%
Riverside, CA
+0.47%
+0.32%
-0.07%
Washington, D.C.
+0.23%
-0.12%
-0.40%
Detroit, MI
+0.21%
+0.28%
-1.78%
Tampa, FL
+0.19%
-0.01%
-1.42%
New York, NY
-0.15%
-0.43%
-1.37%
Atlanta, GA
-0.28%
-0.36%
-0.79%
Houston, TX
-0.43%
-0.31%
+0.48%
Chicago, IL
-1.36%
-1.37%
-1.76%
Baltimore, MD
-1.78%
-2.24%
-2.62%
Philadelphia, PA
-1.91%
-2.33%
-2.94%
Cleveland, OH
-2.09%
-2.35%
-2.09%

*A positive value represents appraiser opinions that are higher than homeowner perceptions. A negative value represents appraiser opinions that are lower than homeowner perceptions.

About the HPPI & HVI
The Quicken Loans HPPI represents the difference between appraisers' and homeowners' opinions of home values. The index compares the estimate that the homeowner supplies on a refinance mortgage application to the appraisal that is performed later in the mortgage process. This is an unprecedented report that gives a never-before-seen analysis of how homeowners are viewing the housing market. The HPPI national composite is determined by analyzing appraisal and homeowner estimates throughout the entire country, including data points from both inside and outside the metro areas specifically called out in the above report.

The Quicken Loans HVI is the only view of home value trends based solely on appraisal data from home purchases and mortgage refinances. This produces a wide data set and is focused on appraisals, one of the most important pieces of information to the mortgage process.

The HPPI and HVI are released on the second Tuesday of every month. Both of the reports are created with Quicken Loans' propriety mortgage data from the 50-state lenders' mortgage activity across all 3,000+ counties. The indexes are examined nationally, in four geographic regions and the HPPI is reported for 27 major metropolitan areas. All indexes, along with downloadable tables and graphs can be found at QuickenLoans.com/Indexes.



Today's Top San Diego Luxury Estates.


The median home value in San Diego County is $560,800. San Diego County home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.7% within the next year
The median home value in Coronado is $1,553,700. Coronado home values have gone up 3.5% over the past year and Zillow predicts they will rise 2.7% within the next year. 

The median home value in La Jolla, 92037 is $1,573,200. 92037 home values have gone up  6.4% over the past year and Zillow predicts they will rise 3.7% within the next year.

The median home value in Solona Beach, 92075 is $1,277,500. 92075 home values have increased 8.1% over the past year and Zillow predicts they will rise 3.6% within the next year.  


The median home value in Del Mar, 92014 is $1,678,200. 92014 home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.7% within the next year. 

The median home value in Rancho Santa Fe is $2,733,200. Rancho Santa Fe home values have gone up 4.1% over the past year and Zillow predicts they will rise 2.9% within the next year.

#1      700 Front Street, Unit 2502, San Diego, CA 92101 with 3 bedrooms, 3 baths and 3,050 sq.ft. is listed for sale at $6,200,000.



Like a work of fine art created over time with exquisite attention to detail, this newly constructed residence was conceived, designed and created to reflect an urban lifestyle in a warm, contemporary style with sophisticated materials and state of the art technology. The design inspiration was to create a serene space and color scheme to compliment the magnificent views from every room. Two large balconies custom fitted with La Cantina stacking doors offer the ultimate indoor/outdoor experience 25 stories above the city and bay. Offered fully furnished with $100,000 worth of fine curated wines in the 218 bottle, one-of-a-kind, climate controlled wine vault. Walls are finished with Level 5 Drywall, the highest quality smooth wall finish available.


















Today's Top LA Luxury Estate.


The median home value in Orange County is $692,900. Orange County home values have gone up 4.1% over the past year and Zillow predicts they will rise 1.7.% within the next year. 

The median home value in Los Angeles County is $588,000. Los Angeles County home values have gone up 67.8% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in Newport Beach is $1,704,700. Newport Beach home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.2% within the next year. 

The median home value in Santa Monica is $1,502,700. Santa Monica home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Pacific Palisades is $2,884,200. Pacific Palisades home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Malibu is $3.081,600. Malibu home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Bel Air is $3,455,900. Bel Air home values have gone up 5.0% over the past year and Zillow predicts they will rise 2..2% within the next year.

The median home value in Beverly Hills, 90210 is $5,092,600. 90210 home values have gone up 7.5% over the past year and Zillow predicts they will rise 2.5% within the next year.

#1      310 North Carmelina Avenue, Los Angeles, CA 90049 with 6 bedrooms, 10 baths and 2,958 sq.ft. is listed for sale at $22,500,000.



Brand new Modern Georgian Estate on pvt 35K+ sq ft tree-filled lot w/ deep setback, expansive flat pad & lovely vistas on qt & picturesque North Carmelina - one of BW's finest streets! Painstakingly designed & built over a 4-year + period. Grt st presence, huge custom windows, tall sun-filled spaces, refined detailing, extensive millwork, the most tasteful finishes imaginable, perfect floor plan & breathtaking gardens w/ true resort-like feel. Gracious FLR & FDR, expansive eat-in chef's kitchen/fam rm, sep complete catering/prep kitchen, inviting lib, adult fam rm w/ marble bar, lg scale theatre space, laundromat-sized laundry rm/staff kitchen, upstairs laundry rm, gym, mudrm & det GH/poolside cabana w/ BA. Bluestone terraces & beau grounds inc pl/spa, field-size lawn & gorgeous canyon setting. Hardwd flrs which are unique to each rm, beau light fixtures & hardware thru-out, furniture grade built-ins, outdr FP, fire pit, fountain, outdr shower, BBQ and spacious 3 car-garage. Special! 






















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 $251,200. Maricopa County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Scottsdale is $434,700. Scottsdale home values have gone up 5.0% over the past year and Zillow predicts they will rise 2.4% within the next year.

The median home value in Carefree is $747,800. Carefree home values have gone up 0.8% over the past year and Zillow predicts they will rise 1.3% within the next year. 

The median home value in Paradise Valley is $1,638,100. Paradise Valley home values have gone up 2.2% over the past year and Zillow predicts they will rise 1.5% within the next year.

#1      125 Altair Avenue, Sedona, AZ 86336 with 4 bedrooms, 6 baths and 6,303 sq.ft. is listed for sale at $5,500,000.


This organically sophisticated sanctuary is sure to indulge your senses; unmatched in quality and luxurious appointments inside and out. Property is surrounded by dramatic red rock serenity, situated against national forest and located in the gated Aerie subdivision, a community just minutes from Enchantment Resort.Main residence offers 5,722-SqFt., living space and fully appointed 580-SqFt casita for guests. Designed and built in 2012 by Eric Brandt, Rick and Randy Morris. Exceptional outdoor living spaces include a negative edge pool, spa and lounge, state of the art roof top deck with outdoor movie theater, zen water features, fire-pits and more.




















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,276,000. San Francisco County home values have gone up 12.9% over the past year and Zillow predicts they will rise 4.3% within the next year. 

The median home value in Marin County is $1,081,500. Marin County home values have gone up 7.2% over the past year and Zillow predicts they will rise 3.9% within the next year.9
The median home value in Santa Clara County is $1,152,300.  Santa Clara County home values have gone up 17%.6 over the past year and Zillow predicts they will rise 8.8% within the next year.

The median home value in Sausalito is $1,362,900. Sausalito home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.9% within the next year. 

The median home value in Tiburon is $2,580,200. Tiburon home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.4% within the next year

The median home value in Palo Alto is $2,883,600. Palo Alto home values have gone up 15.6% over the past year and Zillow predicts they will rise 8.4% within the next year.         
            
The median home value in Los Altos is $3,118,100. Los Altos home values have gone up 13.1% over the past year and Zillow predicts they will rise 7.3% within the next year.         

The median home value in Saratoga is $2,715,800. Saratoga home values have gone up 14.5% over the past year and Zillow predicts they will rise 8.2% within the next year.    

The median home value in Atherton is $6,939,400. Atherton home values have gone up 11.8% over the past year and Zillow predicts they will rise 4.3% within the next year.

#1      224 Atherton Avenue, Atherton, CA 94027 with 5 bedrooms, 6 baths and 
4,270 sq.ft. is listed for sale at $9,100,000.



Stunning one acre estate in the heart of Central Atherton. The parklike grounds dotted with heritage oaks are perfect for both relaxing with your family and entertaining guests. Open floor plan and soaring ceilings bathed in natural light. Chef's kitchen with modern appliances, a large island, and plenty of storage is both functional and spacious. Enjoy breakfast with your family in the eat in kitchen or sit down for a formal meal in the dining room which opens to the expansive living room. The family room, perfect for that family game night, adjoins the kitchen and features french doors leading out to the backyard. 5 bedrooms, 4 baths + 2 half baths provide plenty of room. The master suite features a beautiful en-suite bath and spacious master closet. The guest house provides an additional bedroom, 1½ baths, full kitchen and laundry for guests. Close to Sand Hill Road, Stanford University with easy access to Silicon Valley, SFO, and SJC. Top rated Las Lomitas School District. 















Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $602,200. King County home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.3% within the next year

The median home value in Kirkland is $717,100. Kirkland home values have gone up 20.1%  over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Seattle is $708,600. Seattle home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.2% within the next year.

The median home value in Bellevue is $871,100. Bellevue home values have gone up 16.6% over the past year and Zillow predicts they will rise 6.3% within the next year.

The median home value in Mercer Island is $1,422,600. Mercer Island home values have gone up 7.9% over the past year and Zillow predicts they will rise 4.2% within the next year. 

The median home value in Clyde Hill is $2,650,900. Clyde Hill home values have gone up 18.7% over the past year and Zillow predicts they will rise 7.1% within the next year.

The median home value in Medina is $2,708,900. Medina home values have gone up 14.1% over the past year and Zillow predicts they will rise 6.3% within the next year.


#1      1104 17th Avenue E, Seattle, W 98112 with 8 bedrooms, 5 baths and 4,890 sq.ft. is listed for sale at $2,700.000.



This home is located on a large over-size lot, nearly a 1/4 acre in the heart of Capitol Hill. Because of its corner location and alley, one may be able to build a DADU or an additional garage with a dwelling unit or studio above. Grounds feature organic vegetable gardens and perennial flower beds. This house has a cross-gable form, with a wide front gable. The first floor is clad with brick, with stucco and half timbering above. An unusually wide decorative wood band separates the materials. The gabled entry, at the northwest corner, is at-grade, and has relatively small timbers, more typical of the English Arts and Crafts style than the heavier, more solid Tudor timbers. The south end has a second-story porch with a brick balustrade. The north end has a gabled porte chochere. Most windows are simple one-over-one sash, with some casements.Home has some updated plumbing and wiring but needs a kitchen and other remodeling to bring it up to current taste and standards.  Home was previously a Presbyterian Parson's Home and Office. The kitchen was moved upstairs in the 1950's, and two more kitchenettes added at that time for the minister, his family and visiting guests, so home has one large living area and two smaller separate units, including a loft-like art studio and a smaller "Mother-in-Law" type of unit in the lower level. 














Today's Best Mortgage Rates
Mortgage Rates Highest in 6 Months
Jan 9 2018, 3:51PM

Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher.  That's an uncommonly big 2-day move, and it brings rates to their highest levels since early July 2017. 

Of potentially more concern is the fact that the current rate spike is making an ominous suggestion about the broader trend.  Specifically, the last 3 months of 2017 saw rates consolidate in a mostly-sideways pattern.  We'd been waiting for a bigger break higher or lower.  Although there were some early warning signs that the breakout would be to the upside, this week has all but confirmed it.  The implication is for things to get worse before they get better.
                                                                                                                         52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.14%4.09%+0.053.84%4.39%
15 Yr FRM3.45%3.42%+0.033.12%3.61%
FHA 30 Year Fixed3.75%3.75%--3.35%4.05%
Jumbo 30 Year Fixed4.29%4.25%+0.044.10%4.60%
5/1 Yr ARM3.20%3.23%-0.032.98%3.25%
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


PS.   Thank you for reading my blogs. Today's Best Mansions has now been read by over 150,000 individuals!