Friday, January 12, 2018


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      81307 Amundsen Avenue, La Quinta, CA 92253 with 6 bedrooms, 9 baths and 17,000 sq.ft. is listed for sale at $29,750,000.


Dreams become reality inside this magnificent property on 2 acres at the exclusive Madison Club. Imagine hitting golf balls from your personal driving range while family and friends relax in the massive private pool just outside the 3500 SF guest home. Inside the expansive primary estate, enjoy the 3000 gallon saltwater fish tank, where the ocean meets the earth offering the essence of the sea right in your living room. Roast marshmallows next to your own private stream. Catch a movie in your private theater. Celebrate earth, water, air and fire as each element has been carefully and concisely brought together in this custom architectural opus. The property provides endless possibilities as each space has been precisely created to offer the ability to escape the day or gather with friends. This home maintains its welcoming warmth and comfort while incorporating Strategic design concepts, blended with stone, wood, glass, and textiles, achieving the ultimate in a luxury home. 




















Today's Top Real Estate News 

A Plague Of Million-Dollar Homes Haunts Real Estate



912 South Stanley Avenue, Los Angeles, CA 90036 with 3 bedrooms, 2 baths and 
2,005 sq.ft. is listed for $1,149,000.

Owning a million-dollar home isn't the rarity it used to be. 

The share of homes valued at more than $1 million has surged more than fourfold since 2002, according to new data from real estate site Trulia, which analyzed the luxury real estate market in the top 100 U.S. metropolitan areas. Across those regions, about 4.3 percent of homes are now worth at least $1 million, compared with about 1 percent in 2002, said Trulia senior economist Cheryl Young. 

Rising real estate values since the housing crisis have bolstered the price tags of many homes. Trulia found that $1 million doesn't necessarily denote a "luxury" home these days. In some cities -- think San Francisco -- they're the norm, rather than a marker of top quality. That puts pressure on lower-income buyers who can't afford to keep up with rising property prices, while cutting the amount of inventory available at prices below $1 million. 

The share of homes valued below $1 million is "decreasing at a rate we're surprised by," Young said. "It was 98.9 percent in 2002, and now it's 95.7 percent. That is pretty shocking."
Rising real estate values, tight inventory and a lack of new construction are contributors the surge in million-dollar homes. Yet another factor may be at play: rising income inequality, which has benefited the bank accounts of America's richest families. 

The top 0.1 percent of American earners, or those with $6 million in average income, have seen their incomes surge by 320 percent between 1980 to 2014, compared with just 42 percent for middle-income workers, according to research published last year by Gabriel Zucman and fellow economists. That has created a huge gulf in spending power between the richest Americans and the middle class, giving those at the top the buying power to spring for homes worth $1 million or more. 

It may explain why the share of homes worth $5 million or more is growing even faster. This segment is what Trulia describes as "the most luxurious homes available." To be sure, it remains a tiny part of the real estate market, accounting for just 0.28 percent of overall sales. Still, that figure is five times higher than in 2002, Trulia said. 

"It was interesting to think about whether $5 million is becoming the new $1 million," Young said. 

Young's analysis found that homes worth $5 million or higher tend to share a few traits, such as fabulous locations or views and "estate" or "park-like" grounds. They also tend to be larger than the median home and feature designs by well-known architects and designers. 
A few listings included unusual features like bulletproof glass and swim-up bars. And they have one other quirk: more bathrooms than bedrooms.

The market with the largest share of million-dollar homes is San Francisco, where two out of three homes have crossed the $1 million threshold, Trulia found. Five years ago, only 22 percent of San Francisco homes were valued at that amount. 

"The crunch is obviously happening at the starter segment. That's where affordability hits the hardest," Young said. "As that share grows, the people it impacts is the people at the bottom."

Here are the five metropolitan areas with the largest share of homes worth $1 million in 2017.

San Francisco: 66 percent, San Jose, California: 56.4 percent, Los Angeles: 23.8 percent, Fairfield County, Connecticut: 17.7 percent, Long Island, New York: 17.4 percent.


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      1121 Alameda Blvd., Coronado, CA 92118 with 6 bedrooms, 7 baths and 
4,737 sq.ft. is listed for sale at $4,699,000.



The well-designed living space includes a large gourmet kitchen, dining room open to courtyard. Amazing designer details. Ground floor en-suite bedroom plus detached, ground floor guest apartment. Ocean views from master and rooftop deck. Oversized garage. Home is 4,737 sq.ft. which is  1,300 sq ft larger than can be built today on similar sized lot. Upgraded solar, outdoor spa and fountain. Steps to Coronado beach. The ideal beach home and family retreat.

















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      25364 Prado De La Felicidad, Calabasas, CA 91302 with 6 bedrooms, 9 baths and 6,200 sq.ft. is listed for sale at $10,995,000.
25364 Prado De La Felicidad, Calabasas, CA 91302
Extraordinary Haute Living is to be found behind the Ultra Secluded, highly prestigious "Oaks of Calabasas". This 2 story custom Tuscan estate perched behind the chic communities 2nd Gate, offers a Mediterranean compound sitting on a 1.6 acre lot and approx. 11,000 sqft of living space. A Cathedral style entry way is the main ventricle through a floor plan that mimics the Italian Borgo Santo Pietro estate. Opposite the swanky grand chandelier foyer is a 14 seat Formal Dining room shrouding a 400+ bottle temp controlled wine cellar. A Custom 10 person theater with leather tapestry detail and ambient lighting sets the mood for the most discerning movie enthusiast. Huge Chef kitchen with double islands, commercial viking appliances and dual sinks is an open segway to a grand sitting room outfitted with vaulted ceilings, wood beams and smooth stucco throughout. Indoor and outdoor living is met by two sets of fleetwood pocket french doors opening to a resort styled backyard with an inviting swimming pool, Jacuzzi, outdoor kitchen and 2 pergolas for effortless lounging. Relax in the 4 person Sauna with teak finishes and retreat to the Master bedroom outfitted with tanzanite walls, spa like en-suite bath encased by 16 french 10ft mahogany doors. A second story provides the second of the 6 bedrooms and 2 of 9 baths with space for a studio or possible gym. Other features include open family room, control room for security cameras, controlled lighting, wifi and sound equipment. A large detached pool/guest house, 3 car garage with 10 car motor court and custom covered loggia with fireplace and heated patio floors complete this masterpiece. Multiple water features, manicured lawns all set to a movie like unobstructed backdrop with explosive mountain views for ultimate privacy. This extraordinary architectural masterpiece is not to be missed! 

25364 Prado De La Felicidad, Calabasas, CA 91302 

25364 Prado De La Felicidad, Calabasas, CA 91302

25364 Prado De La Felicidad, Calabasas, CA 91302

25364 Prado De La Felicidad, Calabasas, CA 91302

25364 Prado De La Felicidad, Calabasas, CA 91302

25364 Prado De La Felicidad, Calabasas, CA 91302

25364 Prado De La Felicidad, Calabasas, CA 91302

25364 Prado De La Felicidad, Calabasas, CA 91302


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      10525 East Rimrock Drive, Scottsdale, AZ 85255 with 7 bedrooms, 8 baths and 
9335 sq.ft. is listed for sale at $7,995,000.

One of the most "asked about" homes in Horseshoe Canyon of Silverleaf is now available. This exceptional estate is a one of a kind opportunity. Schultz Development created this 9,335 SF Ranch Hacienda masterpiece with 7 bed/8 bath and unsurpassed quality. Located on the 17th hole of the Silverleaf course, the 2.37 acres pick up 5 golf holes as well as spectacular and dramatic mountain and city light views. The guest casita has 3 bedrooms, living area and kitchen - perfect for guests/extended family. The main house's open plan flows seamlessly from space to space, both indoors and out. Also included: game room with view deck, exercise room, home theater, oversized gourmet kitchen and a resort style back yard with oversized pool, lawn area and covered patios.

















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      333 Locust Avenue, San Rafael, CA 94901 with 6 bedrooms, 5 baths and 6,170 sq.ft. 
is listed for sale at $5,900,000.


One-of-a-kind, exquisitely renovated, turn-of-the-century estate on ~5 private, sun-drenched acres, adjacent to thousands of acres of open space. Rooms of impressive scale w/vintage architectural detail. Luxurious master BR retreat. Gorgeous chef's kitchen/family room opens to outdoor living areas & swimming pool w/sweeping Mt. Tam views. Stunning grounds & gardens w/private access to open space. 2 gated entrances. Guest suite. Two 2-car garages.
















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      4496 East Mercer Way, Mercer Island, WA 98040 with 6 bedrooms, 6 baths and 6,600 sq.ft. is listed for sale at $2,379,000.

4410 E Mercer Way, Mercer Island, WA

Private gated estate with amazing spaces for formal and informal entertaining. Main level features guest suite, home office, chef's kitchen and large family room. Upper level master suite with fireplace, huge closets and spa bathroom with 3 additional bedrooms with adjoining baths. Lower level complete with very cool media room, another guest suite plus storage. Elevator to all levels, wine cellar, two laundry rooms, central vac, patios and wrap around decks combine to make this a fun retreat!

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

4410 E Mercer Way, Mercer Island, WA

Today's Best Mortgage Rates
Mortgage Rates Catch a Break With Help From Treasuries
Jan 11 2018, 3:51PM

Mortgage rates caught a break today, moving lower for the first time this week and pushing back from the highest levels since early July 2017.  Like yesterday, strong demand at a Treasury auction helped US bond markets, but notably, only the longer-term maturities (10yr and 30yr bonds were the big winners).  Fortunately, the bonds that underlie mortgage rates tend to correlate well with longer-term Treasuries.

Economic data also played a role with a weaker reading on inflation at the producer level.  Tomorrow brings the much more important reading on consumer-level inflation (via the Consumer Price Index or CPI).  If CPI is similarly weak, it could steel the resolve on the part of rates to hold to recent ceilings--potentially providing a base of operations for borrowers to consider a strategy other than locking early in the loan process. 
                                                                                                                         52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.14%4.15%-0.013.84%4.39%
15 Yr FRM3.46%3.46%--3.12%3.61%
FHA 30 Year Fixed3.75%3.75%--3.35%4.05%
Jumbo 30 Year Fixed4.29%4.30%-0.014.10%4.60%
5/1 Yr ARM3.21%3.22%-0.012.98%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!