Friday, January 5, 2018


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      34 Lagorce Circle, Miami Beach, Florida 33141 with 7 bedrooms, 10 baths and 11,000 sq.ft. is listed for sale at $38,000,000.



A masterful achievement of concept and design, this contemporary residence showcases exquisite craftsmanship, cutting edge design, eastern breezes and exceptional direct downtown views. Sitting on a 23,000 SF tip lot w/ 140' of WF and views stretching from Biscayne bay to Downtown Miami, on prestigious La Gorce Island, sits this 11,000 SF custom home. The home's outdoor spaces are designed to serve as a natural extension of the interiors. A zero-edge infinity pool, expansive terrace, outdoor kitchen, 400 SF dock, theatre, gym, guest house, meditation garden, 3 car garage, 200+ bottle wine room, sophisticated chef's kitchen, staff kitchen, maid's quarters, rooftop deck, mezzanine deck and a private elevator complete this residence that is the highest standard of luxury in the most coveted location .

















Today's Top Real Estate News 
November Construction Spending Comes in Hot
By Jann Swanson
Mortgage News Daily

Construction spending in November came in slightly above analysts' consensus for an increase of 0.6 percent.  Overall expenditures for construction put in place during the month were at a seasonally adjusted annual rate of 1.257 trillion, a 0.8 percent gain from October and up 2.7 percent from November 2016. The October estimate was revised up from $1.242 trillion to $1.247 trillion.

On a non-adjusted basis, November spending totaled $105.8 billion, down from $112.9 billion in October. Year-to-date spending through November was estimated at $1.138 trillion, a 4.2 percent increase over the same period in 2016.

Spending on private construction projects rose 1.0 percent to a seasonally adjusted annual rate of $964.3 billion.  This was ahead of the November 2016 pace by 2.6 percent.  Spending for the year-to-date through November was up 6.5 percent from last year.
The rate of private spending on residential construction was also up 1.0 percent from October, to $530.8 billion, a 7.9 percent improvement over one year earlier.  Spending on single family construction gained 1.9 percent to a rate of $274.1 billion, and was up 8.9 percent-over-year.  Multi-family spending drove down the overall residential gains, dropping 1.3 percent from October and coming in 1.7 percent behind the rate the previous November.

On a non-adjusted basis, residential spending for the month amounted to 44.1 billion, $24.0 billion of which was for single-family construction.  Year-to-date spending was $479.8 billion for all residential construction and $243.9 billion for single-family units.  Those figures represented increases of 11.5 percent and 9.0 percent respectively.

Improvements in residential spending for the first 11 months of 2017 led all private sector categories except commercial, which was up 14.7 percent, and transportation, which even after an 11.1 percent gain, was next to last in dollars spent.

Total public-sector spending rose 0.2 percent from October to a seasonally adjusted $292.7 billion, 1.8 percent above the November 2016 number. There was a 5.1 percent increase for the month in residential spending, from $6.6 billion in October to $6.9 billion. That increase provided most of the year-over-year increase of 5.2 percent.  Spending year-to-date totals $5.9 billion, a 3.2 percent decline from the first 11 months of 2016. 

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      1640 La Jolla Rancho Road, La Jolla, CA 92037 with 7 bedrooms, 10 baths and 13,375 sq.ft. is listed for sale at $13,500,000.




The home includes two four car garages and an indoor outdoor patio with sliding glass pocket walls for the ultimate in California living. The best room in the house is the 14 seat stair stepped movie theater with an oversized screen. There is a gorgeous home office with the finest walnut paneling and burl wood insets in the ceiling. For the wine lovers there is a 900 bottle walk in wine closet on the main level next to the bar and there is also a 4,000+ bottle elevator served wine basement.
















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      748 Palms Blvd., Venice, CA 90291 with 3 bedrooms, 3 baths and 2,600 sq.ft. is listed for sale at $4,495,000.


Expanded and completely re-imagined by the current owner/designer, this 2,600 sq. ft, three-bedroom Venice residence is both a rarity for the neighborhood and a thoughtful curation of the owner's worldly style. Set back far from the street, one enters this very private and tranquil compound through gates and courtyards with multiple water features before arriving at the frameless glass doors and sky-lit tower that distinguish the main entry. Polished concrete floors and 26-foot Fleetwood pocket sliders set the stage for an oversized living/dining room that seamlessly opens to a large backyard with loft-style pool house and BBQ while the adjacent kitchen offers white quartz counters and a beamed/tongue-and-groove ceiling. The sumptuous 900 sq. ft master suite comprises the entire second floor and boasts 26 feet of sliding pocket doors that open to a wrap-around deck overlooking the pool/spa, 11-foot ceilings, walls of custom walnut closets, and a mosaic-tiled wet room with soaking tub. 










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      8360 East Autoplane Drive, Carefree, AZ 85377 with 3 bedrooms, 4 baths and 4,132 sq.ft. is listed for sale at $2,822,650.



One of Skyranch's largest hangars and a premiere and stunning contemporary masterpiece, on the runway, and, next to the Top 100 Desert Forest Golf Course. Largest garage you will find in the area! This extraordinary home, featured on multiple tv shows, is designed for the pilot or car enthusiast who needs a super-sized 90 ft. wide hangar to store and showcase their collection. (4348 sq.ft) 16 ft clearance and holds a King Air, Citation or 20 cars, boats, RVs!! Even an RV hookup and full epoxy floor. The Great Room showcases the mountain and golf course views. large view windows into the hangar from the front entry and office. The original builders were restaurant owners, so you KNOW the kitchen makes sense! Upstairs office w/private view balcony Private pool,viking range, Many extras! 

















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     2430 Castro Street, San Francisco, CA 94131 with 4 bedrooms, 6 baths and 4,382 sq.ft. is listed for sale at $4,395,000.


With its dramatic modern architecture, bold design, gorgeous views, and incredible floor plan, this stunning new renovation achieves a new level for luxury modern homes. Spanning three levels and showcasing incredible scale and volume, this amazing home offers 4 bedrooms, 5.5 bathrooms, a dramatic living level perfect for entertaining, two separate media/family rooms, private sauna, and gorgeous outdoor living spaces. 2430 Castro Street is located on a flat block in a serene spot of Noe Valley, offering the perfect combination of contemporary design, stunning views, and the urban neighborhood lifestyle.

















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 12th Avenue N, Edmonds, WA 98020 with 5 bedrooms, 4 baths and 

5,286 sq.ft. is listed for sale at $2,250,000.



Striking architecture pairs nicely w/the breathtaking views savored from all levels of this custom-built home. It features a fabulous, versatile floor plan and is sited on a shy half-acre to take full advantage of the Sound and Mtn views. Discover the thoughtful renovations throughout w/attention to every detail, uncompromising quality and superior finishes from fine artisans. The stunning indoor pool is perfectly integrated into this pristine home. A rare find. Dramatic, sumptuous and light!


















Today's Best Mortgage Rates
Mortgage Rates Move Higher on Strong Economic Data
Jan 4 2018, 3:46PM

Mortgage rates moved higher today, following stronger economic data at home and abroad.  In general, stronger economic data implies better growth, higher stock prices and higher rates.  Although the traditional levels of correlation between data and rates have been thrown off for various reasons over the past year, we still see examples of that correlation from time to time.  Today was one of those days.

Economic data was stronger in Europe and Asia during the overnight session.  This resulted in bond markets moving toward higher rates even before the domestic economic data came out.  Today's most significant domestic data was the ADP Employment report, which showed payroll creation of 250k per month compared to forecasts calling for 190k.  This speaks to the potential for Friday's official numbers from the Labor Department (more important than ADP) to stage a similar performance (which would be bad for rates, all things being equal).

In today's case, bond traders weren't ready to send rates straight to the moon.  Bonds (which dictate rates) recovered most of their losses by the afternoon.  Several mortgage lenders adjusted rate sheets accordingly, but on average, today's rates are the highest since last Tuesday.  Specifically, the average lender is quoting 4.0-4.125% on top tier scenarios (30yr fixed, conventional).
                                                                                                                          52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.07%4.05%+0.023.84%4.39%
15 Yr FRM3.41%3.39%+0.023.12%3.61%
FHA 30 Year Fixed3.75%3.75%--3.35%4.05%
Jumbo 30 Year Fixed4.22%4.20%+0.024.10%4.60%
5/1 Yr ARM3.22%3.20%+0.022.98%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.   Happy New Year!  Thank you for reading my blogs. Today's Best Mansions has now been read by over 150,000 individuals!