Monday, February 12, 2018


Today's Best Mansion


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


#1         30 Park Place #82, New York, NY 10007 with 3 bedrooms, 5 baths and  4,598 sq.ft. is listed for sale at $30,000,000.


Enjoy the highest outdoor space in the city from the four corner terraces that surround this full-floor penthouse. Masterfully designed by Robert A.M. Stern, this full-floor penthouse is a gracious, 4,500+ square foot three bedroom, 4.5 bathroom home that occupies the enviable position at the top of 30 Park Place. This one-of-a-kind property is located on the 82nd floor in the building's crown and boasts dramatic 360-degree views of the Manhattan skyline, Hudson River, East River, New York Harbor and beyond. A formal reception hall opens into a Living Room with expansive, unobstructed views of Midtown Manhattan, and both the Hudson and East Rivers. Terraces on either side measuring over 19' wide offer continuous views North, East and West from nearly 900' in the sky.















Today's Top Real Estate News


Will The Stock Market Affect Home Purhases?

By Jaymi Naciri
Realty Times

Will The Stock Market Affect Your Home Purchase?

The wild stock market of the past week has sent some into a panic and caused many others to take a closer look at their financial picture. But what is the stock market's impact on real estate, and should you worry if you're getting ready to buy a new home? Not much at this point, and not really, say financial experts.

So why isn't a 1,175-point drop - the largest single-day dip in history - not a concern? First, because most financial experts saw some sort of correction coming because of the robust market over the last two years (and, as many expected, the market bounced back with a 567-point gain on Tuesday, although there could be more volatility in the short term).

"The stock market has been on a roller-coaster ride since late last week, with a historic one-day plunge in trading, and a ripple effect that struck the rest of the globe Tuesday," said Inman. "But most economists will tell you the historic highs over the past two years were bound to result in a correction of sorts as investors reckon with the possibility of inflation and rising interest rates." 

Second, and most important to homebuyers, is the fact that any potential impact on real estate is expected to be nominal. "Real estate professionals, and potential homebuyers and sellers aren't immune to the fears that reverberated across trading floors on Friday and again on Monday, they said, "but analysts say the effect on home prices, sales volume and lending activity will be minimal and temporary."

Play the long game

Of course, the stock market isn't one size fits all, and, depending on where your investments lie, you may, understandably, be worried. Economists and financial planners have generally had similar advice to "average investors" wondering how to respond to the stock market's volatility: Think about your objectives and, "Stay put," said CNN Money. It's all about playing the long game.

"Are you saving for retirement? A future home purchase? If those goals are more than 10 years away, you probably don't have much to worry about. While it's hard to ignore the noise when the market experiences a dark day, it's important to take the emotion out of trading."

On the other hand, if you have a more immediate goal of buying a home and your down payment is tied to your investments, it's probably time to call your financial advisor and reevaluate your portfolio.

What does all of this mean for real estate?

That depends on what aspect of real estate you're talking about. Publicly traded real estate-based companies including "Realogy, Zillow, Redfin, News Corp, and Re/Max "posted modest losses between end of trading on Thursday and Monday's close," said Inman. Real estate investors also felt an immediate pinch. "The plunge also resonated through real estate investment trust stocks, resulting in a 2.9% drop in the FTSE NAREIT All Equity REIT Index Monday," said BISNOW. But, National Association of Real Estate Investment Trusts (NAREIT) "economist Brad Case said the 2.86% drop in the All Equity REIT index, though sizable, will be short-lived."

The potential for dipping consumer confidence can have a far greater impact on the overall economy and, specifically, the real estate market.

"Consumer confidence is a major consideration when people purchase durable goods and real estate," said ZACKS. "Few people are likely to commit to a big mortgage payment if they feel that their economic future is uncertain. When the stock market retreats and the value of portfolios declines, investors are impacted psychologically. Even if the portfolios are in IRAs, which will not be touched for years, people's confidence is shaken. Loss of confidence can spread like a virus, affecting others who have not been financially hurt but have nevertheless become unnerved."

Which leads us back to the overall economy. U.S. jobs data released last week showed that "wage growth is picking up," said CNN Money. Even small upticks in mortgage rates haven't slowed down the real estate market, especially in light of consistent news about rising rents across the country that can make owning a home more affordable than paying someone else's mortgage in many cities.

The stability of real estate as an asset should shield the industry - and those who are looking to be a part of it, even as stocks rise and fall. "Back when the internet bubble burst in the year 2000, during that period, that's when the housing market began to steadily rise," National Association of Realtors Chief Economist Lawrence Yun told Inman. "That means that as people felt their financial assets to be very volatile, people were looking for more stable assets, which they perceived that real estate could provide."

Today's San Diego Best Mansion




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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         8152 Run of the Knolls, Santaluz, CA 92127 with 6 bedrooms, 8 baths and 7,282 sq.ft. is listed for sale at $3,595,800.




Exquisite Santaluz Custom Estate Rests on 1.5+ stunning acres, boasting Endless Ocean, Mtn, City Lights, Sunsets & Resort Inspired Outdoor Amenities. Built by Master Builder Ed Hughes, this thoughtfully designed estate includes rich finishes, artisan detailing & luxurious amenities thru/out. An open, modern, bright & flowing floor plan perfectly blends relaxed living, entertainment spaces & seamless indoor/outdoor livability; creating the ideal Santaluz lifestyle. 














Today's Los Angeles Best Mansion


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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      14175 Mulholland Drive, Beverly Hills, CA 90210 with 10 bedrooms, 11 baths and 17,245 sq.ft. is listed for sale at $16,995,000.



Set atop famed Mulholland Drive this magnificently designed architectural estate resides on over 4 acres, offering an unparalleled lifestyle of seclusion, luxurious comfort & lavish entertaining. A long private driveway leads up to a spectacular setting with commanding views & a motor court for over 30 cars. This custom-designed home with over 17,000 square feet, encompasses 10 bedrooms, 11 bathrooms & floor-to-ceiling glass-lined walls with steel beams. Overlapping stone marble stairs & high-sloping angular ceilings with pyramid shaped skylights are exquisitely juxtaposed with lateral stairwells, connecting balconies & open spaces. Additional & unique features include a Koi pond & stream that flows throughout the estate. A resort-style pool with rock sculpture, slide & grotto along with a lighted North/South tennis court & outdoor dining terrace are specifically designed for concerts, fundraisers, or holiday parties. 









 

Today's San Francisco Best Mansion


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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    777 Lommel Road, Calistoga, CA 94515 with 4  bedrooms, 7 baths 

and  9,000 sq.ft. is listed for sale at $17,000,000.



Situated in the heart of Napa Valley just north of St Helena, surrounded by preserved Land Trust, this private 40 acre estate compound embodies the essence of Wine Country luxury. The main residence is constructed of weathered cedar, stucco and native stone Stunning valley views abound from the covered terrace, gardens, and the salt water infinity pool. Two guesthouses, one with full kitchen, and private pool, completes this stunning compound.













Today's Seattle Best Mansion


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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          10630 SE 22nd Street, Bellevue, WA 98004 with 6 bedrooms, 6 baths and 6,866 sq.ft. is listed for sale at $4,788,800.



Introducing the "Jewel of Enatai" presented by BDR Fine Homes. Fresh new Dutch Colonial design situated on a large, private 28K SF lot. 5 Bedroom Suites + Den. Signature GenSuite w/ full kitchen. Covered Outdoor Room w/ heaters, fireplace, TV & BBQ. Chef's Kitchen w/ separate Prep-Kitchen. Inviting Morning Room and large Exercise Room. Walk to new Enatai Elementary School. Build with the BDR Team, a proud 3-time winner of the coveted Builder of the Year Award.











Today's Phoenix Best Mansion


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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      7248 North Brookview Way, Paradise Valley, AZ 85253 with 5 bedrooms, 7 baths and 6,737 sq.ft. is listed for sale at $4,200,000.



2018 Complete Remodel, within Guard Gated community of ClearWater Hills. Paradise Valley's premiere View Community, Block Construction home with elaborate out of Restoration Hardware look and feel. Elegantly positioned; its statement entrance leads you to a beautiful Great room, Posh powder room, magnificent Chandelier lighting throughout, boutique closets, Designer style Master Bed & Bath, Chic family room off of chef kitchen w/ full butler's pantry for those who love to entertain, classic office/game room w/wet bar, lower level retreat with steam room, exercise room, wet bar in secondary family room w/separate entrance, 2 front & 2 rear patios complimented by one of community's largest Flat ''view'' lot; English Rose Garden, sports court, expansive backyard, all tiled resort like... extra wide lap pool/spa, outdoor fireplace and fire pit, putting green, Soccer field style/ grassy play area all surrounded by mountain and city light views, 4 car air conditioned garage and motor court with room for RV parking.


Today's Colorado Best Mansion


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The median home value in Denver is $393,900. Denver home values have gone up 6.7% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Avon is $587,800. Avon home values have gone up 6.0% over the past year.             

The median home value in Aspen is $1,453,600. Aspen home values have gone up 2.6% over the past year.

The median home value in Snowmass Village is $1,043,900. Snowmass Village home values have declined -0.9% over the past year

The median home value in Vail is $890,200. Vail home values have gone up 8.3% over the past year.

#1       Arthouse, Telluride, Colorado with 5 bedrooms, 6 baths and 3,744 sq.ft. is listed for sale at $5,950,000.





Centrally located in the heart of Town, the Transfer Telluride 5 bedroom residences are steps from the Gondola and Colorado Avenue with inspiring views, refined mountain modern interiors and premium custom finishes. Award winning Aspen architects, CCY, blends rich materials and textures found throughout Town with a fresh and forward look that responds to Telluride's historical context. Open concept living, spa inspired bathrooms, three terraces and attached garages create a residence that lives like a single family home. Participation in Transfer Telluride and engagement with its ongoing growth not only offers you and your family a thoughtfully designed residence in the heart of Town, it also supports the continuation of the arts and the preservation of Telluride's history. 
















Today's Florida Best Mansion



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The median home value in Palm Beach is $907,800. Palm Beach home values have gone up 7.8% over the past year and Zillow predicts they will rise 0.2% within the next year.

The median home value in Naples 34102 is $602,800. Naples home values have declined -3.9% over the past year and Zillow predicts they will fall -0.1% within the next year. 

The median home value in Key Biscayne is $1,106,500. Key Biscayne home values have declined -6.0% over the past year and Zillow predicts they will fall -4.5% within the next year.

#1          16160 Sunset Pines Circle, Boca Grande, Florida 33921 with 7 bedrooms,     10 baths and 7,500 sq.ft. is listed for sale at $13,500,000.




Prominently poised on the aquamarine shores of Gasparilla Pass on the north shore, this waterside masterpiece is an outstanding achievement in quality, design and artistry. An incredibly private 1.5 acre seaside location sets the stage for beautifully manicured eco-conscious grounds, a courtyard oasis pool and hot tub, private beach area, and a new boat dock and lift- the last permitted dock before the Gulf of Mexico. Orchestrated to impress and inspire, the property is crafted for both grand social occasions and quieter private moments, with gracious and expansive living, dining and family areas displaying only the finest materials. The luxuriously-appointed residence incorporates 7 bedrooms, including dual adjoining master retreats, with access to terraces and superb water or courtyard pool views. All bedrooms feature individually and exquisitely styled en-suite bathrooms. An elevator serves each of the 3 levels. The spacious, hand-made kitchen has been appointed to a professional grade to celebrate culinary excellence. A secluded inner courtyard oasis with sunshine exposure spans covered seating areas, a large heated swimming pool and hot tub, cascading water wall constructed with materials sourced from iconic landmarks, and a spacious al fresco dining, bar and barbecue area. Supremely constructed of concrete with solid HardiPlank cladding, the fortress-like property includes high-impact windows and doors, a galvalume metal roof and emergency generator. This is the property of a lifetime. 



















Today's New York Best Mansion

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The median home value in Manhattan is $1,396,100. Manhattan home values have gone up 17.7% over the past year and Zillow predicts they will rise 3.9% within the next year.

The median home value in Brooklyn is $769,800. Brooklyn home values have gone up 12.6% over the past year and Zillow predicts they will rise 3.4% within the next year. 

The median home value in Southampton is $1,507,400. Southampton home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.0% within the next year. 

#1         47 Dune Road, Quogue, NY 11959 with 6 bedrooms, 7 baths and 4,752 sq.ft. is listed for sale at $11,000,000.






If a gracious, beachy lifestyle is what you are looking for, this oceanfront home perfectly fits the bill. The shingled, 6-bedroom house, which is wrapped in quality decking, sits on a 1.4-acre parcel of land, spanning 102 feet of ocean frontage, on one of Dune Road's loveliest stretches - where preserved wetlands provide unobstructed views of the bay and the sunset. Recently enhanced by renovation, the house is luxurious: offering state-of-the-art systems, coffered ceilings, new woodflooring, marble counter tops, saline pool, roll-down storm shutters, and many other amenities. The atmosphere is relaxed, however, with an open-concept living area that encompasses several seating arrangements, a gourmet kitchen, dining area, and French doors that lead to a giant, mahogany deck complete with sparkling, gunite pool, a cabana with a full bathroom, and a private walkway to the beach. All bedrooms feature vaulted ceilings, water views and outdoor decks, and the Master Suite, with its own fireplace, spans the length of the house








Today's Best Mortgage Rates.


Mortgage Rates End Week in Line With 4-Year Highs

Feb 9 2018, 9:18PM

Mortgage rates experienced some ups and downs this week (mostly ups), but ultimately weren't able to capitalize on a few attempts to move lower.  Monday's initial rate sheets were the highest in years, but they were soon superseded by afternoon improvements that followed the massive stock sell-off.  Rates will often improve during a day where stocks are panic-selling because panicked dollars need safe havens to hide out in.  The bond market (the thing that dictates rates) only got a small fraction of the safe-haven demand created by the stock rout.  Add the volatility and confusion into the mix and lenders weren't too interested in making huge changes to rate sheets.

From there, the rest of the week never saw anything as promising for the rate outlook.  Wednesday afternoon and Thursday morning were especially bad, bringing rates to even higher 4-year highs than seen on Monday morning.  The underlying bond market was able to hold its ground without any new highs in 10yr Treasuries.  Mortgage rates closely track 10yr Treasury momentum, but this week provided a good example of how the two can vary.  To be clear, mortgage rates made a new high in the middle of the week while 10yr Treasury yields did not. 

In terms of rate momentum for analytical purposes and forecasting, Treasuries do much more to set the tone than mortgage rates.  As such, that ground-holding in Treasuries MIGHT be a positive sign, but no one should treat it as such from a lock/float standpoint.  We have too many recent examples of rates seemingly leveling off only to break higher .  In any event, next week's inflation data (Consumer Price Index) could dictate the next big move it comes in very far from expectations. 


52 Week Range Mortgage Rates


TodayYesterdayChangeLowHigh
30 Yr FRM4.50%4.49%+0.013.84%4.50%
15 Yr FRM3.86%3.85%+0.013.12%3.86%
FHA 30 Year Fixed4.30%4.30%--3.35%4.30%
Jumbo 30 Year Fixed4.55%4.54%+0.014.10%4.60%
5/1 Yr ARM3.45%3.42%+0.032.99%3.45%
Looking for more information?  Have a comment regarding any of today's 
mansions? Please text or email me at 619-944-8749 or furtree@msn.com. 
Most importantly have a great day! 

Cordially,  

Tom Furino

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