Monday, January 22, 2018




Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1       4343 East Weber Canyon Road, Oakley, UT 84055 with 8 bedrooms, 9 baths and 16,800 sq.ft. is listed for sale at $30,000,000.

See the source image

Riverbend Ranch is a rare and unique 1,918 acre riverfront estate directly on the Weber River. This estate is a showpiece of craftsmanship featuring floor to ceiling walnut bookcases, hand-planed hickory flooring, and hand forged custom ironwork, mostly created on an Amish Farm with an Idaho schoolhouse supplying the reclaimed wood. The great room allows multiple gatherings of family graced by a fireplace, custom mahogany bar, and hand-crafted walnut coffered ceilings. The living space flows outside with pocket doors opening to the river on a stone patio with fireplace, firepit, dining area, lounge area, and spa,  all along the riverfront. Land your helicopter on the heli-pad, gear up in your outfitters room and fly fish right out your back door, hit the tennis court for a friendly match, or spend the day exploring all 2000 acres on your horse or ATV. The property includes a large riverfront barn meticulously landscaped for entertaining or hosting weddings. End your day with a beautiful sunset on your stone patio, with a fire crackling and the sound of the river rushing by. 25 minutes to Park City and Heber Airport and 50 Minutes to SLC Airport. 

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055

4343 E Weber Canyon Rd, Oakley, UT 84055


Today's Top Real Estate News

This Is How Long It Takes To Sell a House
 
CNN  Money

Three weeks.

That's how long it takes to sell a home these days, according the National Association of Realtors.

Five years ago, the median number of days on market was 11 weeks.


2480 State Highway 193, Cool, CA 95614 with 3 bedrooms, 4 baths and 4,081 sq.ft. was 
listed for sale at $3,399,999 and under contract after 1 date on the market.

Low housing supply has pushed up home prices and created multiple offer situations and bidding wars throughout the country.

"The inventory shortage and the growing economy and job creation has increased the interest in homebuying," said Lawrence Yun, chief economist for NAR. 

"There is just not enough inventory; people need to fight over the few homes available on the market."Historically, roughly 1.2 million new homes hit the market every year, he said, and so far this year, only 800,000 have been built. 

"It's been below that in prior years, and in the past decade greatly lower than that. Today's shortage is largely explained by a decade of underproduction."

In some hot housing markets, three weeks is an eternity.

"If we make it three weeks in our market, there is something wrong," said Darlene Umina, a real estate agent in the Boston area. "These days, you know within the first weekend whether the price was right." The median home price has shot up almost 9% in the past year to $561,300 in Boston, according to Zillow.

John Kasprzyk sold his home in Waltham, Massachusetts, in September in less than a week. The home hit the market on a Wednesday and he had an all-cash, inspection-free offer that was $41,000 above his asking price before the end of the weekend. It was one of 11 offers he received.

"We knew the market in that area was hot, but we didn't expect a cash offer to be this high," Kasprzyk said. "It was a big relief to walk away with equity."

He purchased the home five years ago for $455,000 and sold it for $630,000.

Across the country in San Francisco, one of the hottest markets in the country, real estate agent Erin Thompson has had buyers show up to an open house and hand her an offer. Offers well above the list price with no contingencies are common. "It can be very exhausting for buyers," she said.

To be successful, house hunters need to be prepared with a loan pre-approval letter, know their budget and home must-haves and be ready to dedicate their weekends and evening to touring homes -- and battling crowds.

Earlier this year, Umina hosted an open house where she had to stand outside to greet potential buyers because it was so packed. She ended up with 18 offers on that home, three were all cash.

To help get their foot in the door, buyers in Denver have increasingly been adding escalation clauses to their offers, where buyers pledge to beat a competing offer up to a certain amount.
Denver's market has been on fire recently, with home prices jumping more than 7% in the last year.

Steve Thayer, owner of Keller Williams Action Realty in Denver, said he's sold more than a dozen homes in less that two weeks so far this year -- many of them going after one weekend. He's also gotten a few blind offers from buyers before they've even seen a home.

"One of the challenges in this market is getting to Saturday [for the open house], he said. 

"People are begging to see the house early and before it's ready to show." 




Today's Top San Diego Luxury Estates


The median home value in San Diego County is $565,000. San Diego County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.5% within the next year. 
The median home value in Coronado is $1,572,800. Coronado home values have gone up 3.8% over the past year and Zillow predicts they will rise 2.3% within the next year.

The median home value in La Jolla is $1,899,900. La Jolla home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.2% within the next year.
               
The median home value in Solana Beach is $1,265,000. Solana Beach home values have gone up 13.9% over the past year and Zillow predicts they will rise 3.7% within the next year. 

The median home value in Del Mar is $2,309,800. Del Mar home values have gone up 3.7% over the past year and Zillow predicts they will rise 1.8% within the next year. 


The median home value in Rancho Santa Fe is $2,764,200. Rancho Santa Fe home values have gone up 5.8% over the past year and Zillow predicts they will rise 2.7% within the next year.

#1     999 Adella Avenue, Coronado, CA 92118 with 5 bedrooms, 8 baths and 
5,530 sq.ft. is listed for sale at $6,750,000.

999 Adella Ave, Coronado, CA 92118

This New Elegant Mediterranean was designed by Dorothy Howard, Architect and Built by Cavanaugh Construction. It' features a great room floor plan overlooking expansive Blue Stone patio with pool, waterfall wall and cabana with fireplace. Floors and stairs are French White Oak. 1st floor Master Bedroom Suite includes fireplace, large walk in closet and office. 1st floor guest room/pool room and bath. Upstairs are 3 bedrooms & baths, family room and a large rooftop panoramic view deck.

999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118
999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118


999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118

999 Adella Ave, Coronado, CA 92118
Today's Top LA Luxury Estate.


The median home value in Orange County is $699,500. Orange County home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.0% within the next year.

The median home value in Los Angeles County is $595,700. Los Angeles County home values have gone up 8.6% over the past year and Zillow predicts they will rise 3.3% within the next year.

The median home value in Newport Beach is $1,741,900. Newport Beach home values have gone up 5.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Santa Monica is $1,520,800. Santa Monica home values have gone up 9.0% over the past year and Zillow predicts they will rise 3.2% within the next year. 

The median home value in Pacific Palisades is $2,944,500. Pacific Palisades home values have gone up 9.8% over the past year and Zillow predicts they will rise 3.8% within the next year.

The median home value in Malibu is $3,169,400. Malibu home values have gone up 10.3% over the past year and Zillow predicts they will rise 4.0% within the next year.

The median home value in Bel Air is $3,513,900. Bel Air home values have gone up 6.7% over the past year and Zillow predicts they will rise 3.1% within the next year. 

The median home value in Beverly Hills, 90210 is $5,217,600. 90210 home values have gone up 9.5% over the past year and Zillow predicts they will rise 3.2% within the next year.

#1      10 Channel Vis, Newport Coast, CA 92657 with 5 bedrooms, 8 baths and 
9,762 sq.ft. is listed for sale at $22,800,000.




Dramatically positioned along Pelican Crest?s prized front row, 10 Channel Vista presents a refreshing modern aesthetic rarely available in the community. A comprehensive $6M renovation completed in December 2017 appointed the home with an assortment of sophisticated design elements, including white oak and travertine flooring, light fixtures and chandeliers by Apparatus & Ladies & Gentlemen,and  SubZero appliances throughout. The home?s unique orientation offers the region?s best view perspective, encompassing the ocean, Catalina Island, Harbor, city lights, Palos Verdes, Pelican Hill Golf Course, and crashing waves. The eminently liveable floorplan spans 3 levels and is host to 5 bedroom suites, open social spaces, home office (possible 6th bedroom) with views & balcony, temperature-controlled wine and cigar room, home spa with heated floors, a steam room, and quick-fill tub, home gym, and chic master suite with frameless, stand-alone shower, his and hers closets, and sprawling ocean views. The rear yard is an entertainer's paradise with infinity-edge pool and spa, fireplace, built-in BBQ, putting green, lawn, and covered outdoor dining area. An 8-car subterranean garage and fully integrated Savant system complete this one of-a-kind residence. 



















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 $252,400. Maricopa County home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Scottsdale is $435,800. Scottsdale home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Carefree is $743,200. Carefree home values have declined -1.0% over the past year and Zillow predicts they will rise 0.4% within the next year. 

The median home value in Paradise Valley is $1,641,900. 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      10040 East Happy Valey Road, Scottsdale, AZ 85255 with 3 bedrooms, 5 baths and 6,588 sq.ft. is listed for sale at $4,050,000.



Spectacular home nestled at the base of Pinnacle Peak. Quality craftsmanship and attention to detail at every turn. Great room design, master retreat, 2 guest suites including guest house, 3 full baths, 2 powder rooms, gourmet kitchen, pantry complete with refrigerator, sink, disposal and 2 dishwashers. Step-down wetbar, media room, 2 offices + more. Opulent master bedroom with private patio, his and hers walk-in closets. Luxurious master bath with 2 water closets, dual sinks, tub withjets. Interior design by Est Est. Complete surround sound t/o, including the outdoor living areas. Heated pool, spa, gas fireplace, built-in barbecue. 3 car garage - 2 of the 3 bays air-conditioned. Wine closet in garage. Desert Highlands world class amenities include a Jack Nicklaus championship golf course, newly designed clubhouse, state of the art fitness center, Highlands Racquet Club & more. A $75,000 membership fee is due from buyer at close of escrow. 



















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,293,700. San Francisco County home values have gone up 12.8% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Marin County is $1,094,700. Marin County home values have gone up 6.8% over the past year and Zillow predicts they will rise 5.1% within the next year. 

The median home value in Santa Clara County is $1,196,600. Santa Clara County home values have gone up 21.3% over the past year and Zillow predicts they will rise 8.5% within the next year.


The median home value in Tiburon is $2,638,200. Tiburon home values have gone up 6.1% over the past year and Zillow predicts they will rise 4.7% 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 $3,010,700. Palo Alto home values have gone up 21.0% over the past year and Zillow predicts they will rise 8.3% within the next year.

The median home value in Los Altos is $3,262,900. Los Altos home values have gone up 17.9% over the past year and Zillow predicts they will rise 7.6% within the next year.       

    
The median home value in Saratoga is $2,816,200. Saratoga home values have gone up 18.0% over the past year and Zillow predicts they will rise 7.8% within the next year. 

The median home value in Atherton is $7,257,800. Atherton home values have gone up 16.9% over the past year and Zillow predicts they will rise 7.4% within the next year.


#1      480 Mission Bay Blvd North, Unit 1405, San Francisco, CA 94158 with 3 bedrooms, 2 baths and 1,921 sq.ft. is listed for sale at $3,288,000.



Sophistication and luxury combined. Imagine sweeping, picture-perfect city & water views with a blend of comfort, class, and luxury-this is your fabulous new home! This 14th-floor residence boasts gorgeous hardwood floors, upscale appliances, floor-to-ceiling windows, high ceilings, & expansive views from every room. The residence is flooded with light and features three view bedrooms; one a Master Suite, two generous bathrooms, an outdoor patio, and air conditioning. Upgrades include custom closets, custom window treatments, and in-residence washer/dryer.












Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $608,000. King County home values have gone up 15.4% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Kirkland is $727,500. Kirkland home values have gone up 21.3% over the past year and Zillow predicts they will rise 6.9% within the next year

The median home value in Seattle is $718,700. Seattle home values have gone up 16.2% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Bellevue is $881,000. Bellevue home values have gone up 17.5% over the past year and Zillow predicts they will rise 5.8% within the next year.

The median home value in Mercer Island is $1,441,600. Mercer Island home values have gone up 8.1% over the past year and Zillow predicts they will rise 4.0% within the next year. 

The median home value in Clyde Hill is $2,680,500. Clyde Hill home values have gone up 18.3% over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Medina is $2,720,300. Medina home values have gone up 13.0% over the past year and Zillow predicts they will rise 5.8% within the next year.

#1      9202 SE 33rd Place, Mercer Island, WA 98040 with 4 bedrooms, 3 baths and 3,940 sq.ft. is listed for sale at $3,380,000.

This may be your last chance for an affordable waterfront home in a quiet neighborhood on MI's north side! What's on your wish list? Private waterfront.  Low maintenance. Level walk-out. Easy parking for 6+ cars. Year-round, deep water moorage.  It's all here! Classic, transitional architecture with elegant style is move-in ready or awaits your personal touches. Wide open views and gorgeous natural light. Private setting, gentle driveway, and 130' dock shared with one neighbor. Truly one of a kind.





















Today's Best Mortgage Rates
Worst Week Since June for Mortgage Rates.
Jan 19 2018, 6:24PM

Mortgage rates remained at 9-month highs today, with most lenders in worse shape than yesterday.  In the morning, the sky hadn't yet fallen, the average lender was right in line with yesterday's 9-month highs, but at least we weren't any worse off than yesterday.  Things changed in the afternoon as bond markets weakened abruptly.  Many lenders issued negative reprices, thus leaving the average lender noticeably higher than yesterday.

Today's weakness makes this the worst week for rates since late June and one of only 3 weeks with as much of a rate spike since 2016. For the third day in a row, I'm repeating the same mantra: any time we're pushing long-term highs, it's a good idea to remain defensive  in terms of locking vs floating.  The saving grace is that long-term highs typically precede extended periods of positivity for rates.  It's just a matter of figuring out if these long term highs are high enough to rebalance the scales in the bond market.
                                                                                                                           52 Weeks

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.23%4.22%+0.013.84%4.39%
15 Yr FRM3.59%3.58%+0.013.12%3.61%
FHA 30 Year Fixed4.00%4.00%--3.35%4.05%
Jumbo 30 Year Fixed4.36%4.35%+0.014.10%4.60%
5/1 Yr ARM3.29%3.29%--2.98%3.29%
Looking for more information?  Have a comment regarding any of today's 
mansions?  Need a Realtor referral?  Please 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!