Thursday, February 1, 2018


Today's Best Mansionwww.todaysbestmansionsforsale.com


It's lavish. It's huge. It's grand. It's expensive!
#1      33218 Pacific Coast Highway, Malibu, CA 90265 with 4 bedrooms, 6 baths and 5,254 sq.ft. is listed for sale at $50,000,000.

Photo of 33218 Pacific Coast Highway

Never before on the market, a celebrity couple transformed this residence into a one-of-a-kind beach compound. Very private and secluded beach-side estate on a park-like setting of 3 natural manicured acres w/mature trees, panoramic ocean views and path to beach. Long driveway winds past a tennis court to a newly renovated 2-story home. The main floor offers a great rm w/floor-to-ceiling sliding glass doors w/panoramic views, a sitting and dining area, media rm, gourmet island kitchen, w/breakfast bar and a large wraparound deck w/fire pit. The large ocean view master suite has a fireplace, sitting area, 2-separate spa-like baths and dressing closets is located on the 2nd level along w/2-private entrance en-suite bdrms situated around a large interior courtyard. A 4th large rm w/ocean views is used as a media rm, but could also function as a home office or 4th bdrm. A 3rd private entrance en-suite bdrm includes an island kitchen, spa-like bath and large closet. 3-car garage w/ample guest parking.





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See the source image











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Today's Top Real Estate News 

The 15 American cities where competition to buy a home is fiercest.


It's a tough time for Americans to buy a home.
  • Over-demand for homes is ruling the housing market in many cities.
  • Buyers in the best position to buy a home typically have mortgage financing in place, a credit score above 680, and a down payment above 15%.
  • But many markets, like San Francisco and San Jose, have an over saturation of these buyers, leading to heightened competition.
US housing supply remains low and prices keep rising, making the competition among buyers the fiercest it has been in years.

Over-demand is ruling the market in many cities. In San Francisco, a home sold for nearly $1 million over its asking price last October in order to pre-empt a bidding war.
    In a recent report, LendingTree identified the most competitive markets for buyers right now based on 2017 mortgage loan data. LendingTree looked at 1.5 million mortgage requests for new home purchases across the 100 largest US cities and then ranked each city based on three criteria:
    1. The share of buyers who shop for a mortgage before they find the house they want. It's more appealing to sellers when a buyer is pre-approved for financing well before making an offer.
    2. The average down payment as a percentage of the purchase price. A high down payment can help buyers qualify for an even larger mortgage amount or a lower interest rate on the loan.
    3. The percentage of buyers who have a credit score above 680. Someone with a prime credit score has more financing options available to them.
    The cities where the most buyers have financing in place, a down payment above 15% of the purchase price, and a prime credit score were ranked by LendingTree as the most competitive.

    Check out the 15 most competitive places to buy a home in the US right now:

    15. Las Vegas, Nevada



    Average down payment: 14%
    Buyers with prime credit: 49%
    Buyers pre-shopping for a mortgage: 62%


    14. Madison, Wisconsin



    Average down payment: 15%
    Buyers with prime credit: 54%
    Buyers pre-shopping for a mortgage: 58%

    13. Phoenix, Arizona



    Average down payment: 15%
    Buyers with prime credit: 50%
    Buyers pre-shopping for a mortgage: 60%

    13. Phoenix, Arizona

    13. Phoenix, Arizona

    Average down payment: 15%
    Buyers with prime credit: 50%
    Buyers pre-shopping for a mortgage: 60%


    12. Boise, Idaho

    12. Boise, Idaho

    Average down payment: 15%
    Buyers with prime credit: 49%
    Buyers pre-shopping for a mortgage: 61%


    11. Boston, Massachusetts

    11. Boston, Massachusetts

    Average down payment: 16%
    Buyers with prime credit: 57%
    Buyers pre-shopping for a mortgage: 57%


    10. Sacramento, California

    10. Sacramento, California

    Average down payment: 15%
    Buyers with prime credit: 49%
    Buyers pre-shopping for a mortgage: 63%


    9. Portland, Oregon

    9. Portland, Oregon

    Average down payment: 14%
    Buyers with prime credit: 54%
    Buyers pre-shopping for a mortgage: 63%


    8. Honolulu, Hawaii

    8. Honolulu, Hawaii

    Average down payment: 16%
    Buyers with prime credit: 59%
    Buyers pre-shopping for a mortgage: 58%


    7. Seattle, Washington

    7. Seattle, Washington

    Average down payment: 15%
    Buyers with prime credit: 55%
    Buyers pre-shopping for a mortgage: 62%


    6. Los Angeles, California

    6. Los Angeles, California

    Average down payment: 17%
    Buyers with prime credit: 52%
    Buyers pre-shopping for a mortgage: 62%


    5. Ventura, California

    5. Ventura, California

    Average down payment: 16%
    Buyers with prime credit: 57%
    Buyers pre-shopping for a mortgage: 60%


    4. San Diego, California

    4. San Diego, California

    Average down payment: 16%
    Buyers with prime credit: 57%
    Buyers pre-shopping for a mortgage: 61%


    3. Denver, Colorado

    3. Denver, Colorado

    Average down payment: 16%
    Buyers with prime credit: 56%
    Buyers pre-shopping for a mortgage: 65%


    2. San Jose, California

    2. San Jose, California

    Average down payment: 19%
    Buyers with prime credit: 64%
    Buyers pre-shopping for a mortgage: 59%


    1. San Francisco, California

    1. San Francisco, California

    Average down payment: 18%
    Buyers with prime credit: 63%
    Buyers pre-shopping for a mortgage: 60%




    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      8092 Doug Hl, San Diego, CA 92127 with 5 bedrooms, 7 baths and 10,002 sq.ft. is listed for sale at $8,749,000




    Imagine enjoying private resort style living that is inviting, captivating, luxurious and comfortable with commanding views from the lake, mountains and golf course, all the way to the Pacific Ocean. Discover all of this and more at the Crown Jewel of Santaluz, San Diego's premier, gated lifestyle community noted for its Tuscan like hillsides, miles of hiking and biking trails that encompass over 3,800 acres with only 836 homes within the gates.

















    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     2955 East Road, Santa Barbara, CA 93108 with 3 bedrooms, 6 baths and 
    8,240 sq.ft. is listed for sale at $40,000,000.


    A once in a lifetime opportunity and breathtaking views of ocean and mountains greet you upon arrival to this extraordinary, contemporary estate nestled in the hills of Montecito. This 8.24 acre property features quintessential California indoor/outdoor comfort and luxurious Balinese and Asian-influenced design.The entry gate opens to a long, private driveway winding up to the house. As you ascend, lush landscaping displays a diverse array of plants creating a striking environment. At the top of the drive, the expansive estate appears with its exquisite detail to exterior walls and overhangs made from afromosia wood.Torii gates invite you across an expansive koi pond to the front entry where, through a glass wall the heart of this remarkable residence, the Great Room, is seen. 
















    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      7004 North Invergordon Road, Paradise Valley, AZ 85253 with 6 bedrooms, 
    10 baths and 15,000 sq.ft. is listed for sale at $13,950,000.


    This sprawling, private appx 5 acre mountainside estate boasts 15,000+ square feet & offers 6 bdrm suites, 10 baths & includes almost every imaginable detail to class & quality one could dream of. Exquisitely appointed with custom light fixtures; beautiful flooring throughout; stone carved Italian marble columns; incredible chef's kitchen; butler pantry; game room; wine tasting room & storage room for 1400+ bottles; custom office; sound proof 12 seat home theater; private gym; oversized pool w/see through viewing area from lower level family/game room; fire pots; a beautiful mountainside waterfall & a separate guest/housekeeper/chef quarters.This estate features incredible indoor/outdoor entertaining with absolutely amazing southern views & some of the best sunrise and sunsets in all of AZ 



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    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      60 Monte Avenue, Atherton, CA 94027 with 5 bedrooms, 8 baths and 
    11,401 sq.ft. is listed for sale at $17,500,000.



    Privately positioned on just over one acre in a premier Menlo Circus Club location, this 3-level residence, exudes chic sophistication and modern elegance. Neutral colors and rich mahogany allow furniture, lighting and art to be the focal point of each room. 5 bedroom suites - one on the main floor and 4 up including the elegant master suite. The lower level includes a wine cellar by Paul Wyatt, theatre by Russ Berger, rec room with built-in media center and full bar, and a fitness center with mirrored walls and spa bath with separate steam and shower rooms. Resort-like grounds feature a pool/spa, sweeping limestone terrace, pool house with full bath, barbecue and fireplace pavilions. Additional amenities include metal framed windows and doors in Kitchen/FR by Hopes, retractable electronically controlled sun shades in the public rooms, two 2-car attached garages with epoxy flooring, and built-in cabinetry. Menlo Park schools.



















    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      5632 East Mercer Way, Mercer Island, WA 98040 with 5 bedrooms, 6 baths and 7,380 sq.ft. is listed for sale at $3,788,000.


    Traditional elegance on a private 2 acre estate on Mercer Island. A dramatic foyer w/ dual staircases and lake views welcomes you. 7,380SF of luxury including guest quarters, home theatre, 6 fireplaces, 4 car garage, multiple flex rooms. Smart systems and high-end amenities: Leviton home automation; Crestron A/V; Sub Zero, Miele and Bosch appliances. No compromises here: all 5 BDRs en suite, custom millwork, ideal blend of formal and informal spaces. Award winning schools, easy commute - its all here!















    Today's Best Mortgage Rates.
    Mortgage Rates Hold Steady Despite Upbeat Fed
    Jan 31 2018

    Mortgage rates managed to hold steady today, on average (some lenders were slightly better while others were slightly worse) despite a more upbeat economic assessment from The Federal Reserve.  The Fed releases a statement on monetary policy 8 times a year.  These statements let markets know what the Fed is thinking and how it is planning on approaching policy in the future.  They also serve as venues to announce changes in the Fed's policy rate, the "Fed Funds Rate," which has a bearing on almost all other rates (including mortgages).

    The Fed wasn't expected to hike rates with today's statement, and this wasn't one of the 4 meetings a year where they release updated forecasts.  That meant markets were left to glean any actionable info from the verbiage of the statement.  Despite some anxiety in the marketplace about the Fed potentially making bigger changes to its guidance, the actual statement was reasonably close to the previous version.  The only potential hang-ups were a few tweaks that gave more credit to recent economic strength and improvements in the inflation outlook. 

    A stronger inflation outlook is bad for bonds and interest rates, all other things being equal.  But today's statement didn't do any new damage to the already gloomy rate situation.  That's because market participants didn't hear anything from the Fed that wasn't already clearly understood.  In other words, the Fed essentially re-stated what was already obvious.  Rates have been moving for other reasons recently, and those motivations supersede minor course corrections from the Fed.  

    The broader trend in rates remains negative.  It has been and will continue to be the case that we need to see a much bigger and longer-lasting bounce in rates before we can entertain anything else.  Needless to say, floating and hoping for a bounce is not the right strategy at the moment, even though it will end up looking like a good idea in hindsight one of these days.
                                                                                      52 Weeks                                                      
    ProductTodayYesterdayChangeLowHigh
    30 Yr FRM4.34%4.35%-0.013.84%4.39%
    15 Yr FRM3.71%3.71%--3.12%3.71%
    FHA 30 Year Fixed4.10%4.10%--3.35%4.10%
    Jumbo 30 Year Fixed4.44%4.45%-0.013.37%4.60%
    5/1 Yr ARM3.35%3.36%-0.012.98%3.37%
    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!