Thursday, January 25, 2018




Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      630 Nimes Road, Los Angeles, CA 90077 with 7 bedrooms, 15 baths and 
35,378 sq.ft. is relisted for sale at $72,000,000. 




French Provencial chateau with exquisite attention to detail with interior rooms designed and executed with absolute precision and creativity on one of the most sought after streets in Bel Air, a street commanding prices greater than anywhere in the country. The property provides a scale and size no longer allowed in Bel Air and has sprawling gardens and grounds and views from downtown to the ocean, a true 280 degree panorama. A completely private and gated estate over 35k feet on 2.2 acres with 2 master suites and 8 additional bedrooms plus staff and offers a professional screening room, grand ballroom, 5000+ bottle wine cellar, loggia and terraces, infinity pool, spa, 14 fireplaces, elevator, Moroccan room, Turkish hummam, gym, card room, commercial kitchen and much more. 

Pool view of Le Belvédère stunning Bel Air luxury real estate located on 630 Nimes Rd, Los Angeles, CA 90077











Today's Top Real Estate News 
Best Year For Home Sales Since 2006, Despite Headwinds
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Despite a poor showing in December, existing home sales in 2017 were the best levels in 11 years. The National Association of Realtors® (NAR) said the year finished with 5.51 million sales of existing single-family homes, townhomes, condos, and cooperative apartments. This edged out, by 1.1 percent, the 5.45 million sales in 2016 to have the highest number of transaction since 6.48 million were sold in 2006.  

In December, however home sales declined by 3.6 percent to a seasonally adjusted annual rate of 5.57 million and were 1.1 percent higher on an annual basis.  November sales were revised down from 5.81 million to 5.78 million.  

Many analysts had expected a decline in December, although not one so large.  Estimates from those polled by Econoday ranged from 5.50 million to 5.90 million units, with a consensus of 5.75 million.

Single-family home sales dropped by 2.6 percent to a seasonally adjusted annual rate of 4.96 million from 5.09 million in November but remain above the 4.91 million pace of a year ago. Existing condominium and co-op sales fell 11.6 percent to a seasonally adjusted annual rate of 610,000 units in December and are up 1.7 percent on an annual basis.

Lawrence Yun, NAR chief economist, says the housing market performed remarkably well for the U.S. economy in 2017, but wasn't as good as it might have been.  The year brought substantial wealth gains for homeowners and historically low distressed property sales. 

"Existing sales concluded the year on a softer note, but they were guided higher these last 12 months by a multi-year streak of exceptional job growth, which ignited buyer demand," he said. "At the same time, market conditions were far from perfect. New listings struggled to keep up with what was sold very quickly, and buying became less affordable in a large swath of the country. These two factors ultimately muted what should have been a stronger sales pace."

Added Yun, "Closings scaled back in most areas last month for this same reason. Affordability pressures persisted, and the pool of interested buyers at the end of the year significantly outweighed what was available for sale."

The median existing-home price for all housing types in December was $246,800, a 5.8 percent rate of appreciation for the year and was the 70th straight month of year-over-year gains.  Last December the median price was $233,300.  The median existing single-family home price also rose 5.8 percent year-over-year to 248,100. Condos performed even better with a 6.4 percent annual increase to a median of $236,500.

The inventory of available homes fell another 11.4 percent in December to 1.48 million, and is now 10.3 percent lower than a year ago (1.65 million).  The inventory has declined year-over-year for 31 consecutive months and is currently estimated at a 3.2-month supply, the lowest level since NAR began tracking in 1999.

"The lack of supply over the past year has been eye-opening and is why, even with strong job creation pushing wages higher, home price gains - at 5.8 percent nationally in 2017 - doubled the pace of income growth and were even swifter in several markets," said Yun.

The share of first-time buyers increased from 29 percent in November to 32 percent, unchanged from a year ago.  Individual investors had a 16 percent share of sales, up from 14 percent both last month and in December 2016.  All cash sales accounted for 20 percent of transactions in December and averaged 21 percent for the year.

"Rising wages and the expanding economy should lay the foundation for 2018 being the turning point towards an uptick in sales to first-time buyers," said Yun. "However, if inventory conditions fail to improve, higher mortgage rates and prices will further eat into affordability and prevent many renters from becoming homeowners."

Properties typically stayed on the market for 40 days, the same as in November, but 12 days shorter than in December 2016.  Forty-four percent of homes sold in December went under agreement in less than a month.

Distressed sales - foreclosures and short sales - made up 5 percent of sales in December compared to 4 percent in November. Four percent of sales were foreclosures and 1 percent were short sales.

NAR President Elizabeth Mendenhall, says improving the new tax law is a top priority for Realtors® in 2018. "Especially in high-cost, high-taxed markets, there's still big concern that the overall structure of the final bill diminishes the tax benefits of homeownership in a way that would adversely affect home values and sales over time," she said. "As the housing market adjusts to the new law, Realtors® will be listening to their clients and communicating to lawmakers ways to ensure owning a home is truly incentivized in the tax code."

The slide in sales affected all four of the nation's regions.  Sales were down 7.5 percent in the Northeast to an annual rate of 740,000, 2.6 percent below a year ago. The median price in the region was $261,400, 3.0 percent higher than in December 2016.

In the Midwest, existing-home sales dipped 6.3 percent to a rate of 1.33 million, remaining 1.5 percent above a year ago. The median price rose 7.8 percent to $191,400.

Sales in the South decreased 1.7 percent to an annual rate of 2.30 million, an annual gain of 3.1 percent. The median price increased by 5.8 percent to $221,200.

There was a 1.6 percent decline in sales in the West, to 1.20 million units, 0.8 percent fewer than in December 2016.  The median price in the West was $367,400, up 7.3 percent from December 2016.


Today's Top San Diego Luxury Estates

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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      8316 Prestwick Drive, La Jolla, CA 92037 with 4 bedrooms, 5 baths and 
4,647 sq.ft. is listed for sale at $6,800,000


La Jolla's most dazzling panoramic views to La Jolla Cove, signature architect design, and a magnificent site with quick access to beach, village and freeways make this modern contemporary residence an incomparable prize. Designed by renowned Ken Ronchetti to embrace sweeping views from the whitewater coastline of La Jolla Shores to The Cove, open sea, hillsides, and nightlights.












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     1871 Marheeta Place, Los Angeles, CA 90069, ready to build vacant site with approved plans for 8 bedroom, 12 bath and 24,305 sq.ft. estate is listed for sale at $14,995,000.



Own The Top Of Marcheeta: An unappalled opportunity to own 2 consecutive parcels totaling nearly 1.5 Acres of flat land atop Doheny Estates sited at the end of a trophy cul-de-sac. Extraordinary plans by Zoltan Pali totaling over 23,000 SQFT of Living Space, not limited by normal height restrictions, and elevated above street level allowing for a second story and the utmost privacy with incredible views from first and second floor! The project has been balanced and refined to perfection after years of painstaking work. A true masterpiece that can never be duplicated. The size, scale, and grandeur of an estate in Beverly Park with the benefits of being in the Bird Streets. Permits, Plans issued and paid for and ready to commence building tomorrow. 
















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      22831 North Via Ventosa, Scottsdale, AZ 85255 with 5 bedrooms, 7 baths and 10,463 sq.ft. is listed for sale at $6,750,000.

 
Your very own hilltop estate. Boasting over 10,000 amazing Sq/Ft of luxury. Perched mountainside on OVER 13 ACRES, this fabulous masterpiece is architecturally stunning. 360 degrees of breathtaking views. Located in the posh gated community of Canyon Heights. This majestic home defines luxury. Featuring lavish amenities including top of the line appliances, library, home theatre, butlers pantry, two laundry rooms, elevator, soaring ceilings attached guest suite, negative edge pool, oversized spa and separate 1,350 SqFt guest house. Imagine crossing over a desert wash via a suspended window lined walkway to enter the luxurious master suite complete w/exercise room, sauna, jetted tub, his & hers water closets w/ bidet, & much more!Private security gate at both entrance of community and home Private security gate at both entrance of community and home! 


















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      18929 Monte Vista Drive, Saratoga, CA 95070 with 4 bedrooms, 5 baths and 4,672 sq.ft. is listed for sale at $5,499,000.


 
Exceptional luxury gated estate nestled in one of the most highly sought out neighborhoods in Saratoga. Dramatic architecture with stunning timeless appeal. Spectacular entry foyer. Open floor plan design with soaring ceilings. Spacious gourmet kitchen with large island, custom cabinets, stone counter tops and all the latest amenities. Kitchen opens to large family great room. Beautiful hardwood floors. Landscape/grounds are amazing. Remarkable pool with pebble-tech finish. Dramatic water features, custom stone, lighting and other choice materials create this 5-Star resort experience. Sport court and much more... Saratoga schools! Perfect for the California lifestyle!!
















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      2033 2nd Avenue, #PH2, Seattle, WA 98121 with 2 bedrooms, 3 baths and 
2,842 sq.ft. is listed for sale at $5,995,000.



The view from above! This unique Penthouse was originally the Developer's own unit & offers nearly 3,000 SF of luxurious living w/ sweeping city, mountain & water views. The incredible private rooftop terrace is one-of-a-kind & offers an outdoor kitchen w/ Viking appl, jacuzzi & fire-pit. A commercial grade kitchen, 2 fpl, 2 addl balconies, separate work studio & privately gated 4 car garage complete this sanctuary. 24hr doorstaff, rooftop deck with dog run, gym, spa, business center & guest suite.

http://images.century21northhomes.com/Listings/MLS/1083/1082768/0C9AF1CE201381E5E4C0C643B20AD64E.Jpg?width=650&height=487&scale=both&lang=en-US















Today's Best Mortgage Rates
Mortgage Rates Can't Catch a Break
Jan 24 2018, 3:34PM


After taking just one day off from the prevailing move higher, mortgage rates were back at it today, heading back to the worst levels in more than 9 months.  The average lender is now back in line with the highs seen 2 days ago on Monday afternoon.  Over slightly longer time-frames, rates have risen an eighth of a percentage point since last week, a quarter of a point from 2 weeks ago, and 3/8ths of a point since mid December.  That makes this the worst run since the abrupt spike following 2016's presidential election. 

Unfortunately, this trend won't necessarily stop simply because things have "gotten bad."  While it's true that the economic effects of higher and higher rates will eventually have a self-righting effect, that could take months--even years to play out.  While this doesn't necessarily mean that rates will continue a linear trend higher in the coming months, it does mean the current trend is not our friend, and that it would take some huge changes in bond market trading levels before it made sense to lower our defenses.  
                                                                                                                             52 Week
30 Yr FRM4.27%4.25%+0.023.84%4.39%
15 Yr FRM3.64%3.61%+0.033.12%3.64%
FHA 30 Year Fixed4.05%4.00%+0.053.35%4.05%
Jumbo 30 Year Fixed4.40%3.37%+1.033.37%4.60%
5/1 Yr ARM3.33%3.32%+0.012.98%3.33%
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!