Thursday, February 15, 2018


Today's Best Mansion...It's lavish. It's huge. It's grand. It's expensive.


#1     213 Park Lane, Atherton, CA 94027 with 5 bedrooms, 8 baths and 10,217 sq.ft. 
is listed for sale at $23,880,000.



Magnificent Menlo Circus Club property integrating classic architectural design with superbly appointed interiors. Spanning 3 levels and more than 10,200 square feet in the main residence the home works as well for day to day living as it does for grand entertaining. Tall ceilings, French walnut floors, artisan-carved fireplaces, and masterfully crafted millwork and cabinetry are apparent at every turn. Luxurious amenities are highlighted by a fitness center and spa room, each with private bath, plus a recreation lounge with theatre, full bar, and customized wine cellar. Elevator service to all 3 levels. 5 bedroom suites, including main and upper-level master suites, plus a one-bed guest house with full kitchen (840 sq.ft). The grounds of 1.25 acres are absolutely private. Pool, spa, and magnificent landscaped gardens. Midway between Silicon Valley and San Francisco, and minutes from Sand Hill Road venture capital centers and Stanford University. Menlo Park schools: Oak Knoll/Hillview



















Today's Top Real Estate News


Home prices hit record highs in more than half of US of cities



By Prashant Gopal
Bloomberg


1047 Summerwood Court, San Jose, CA 95132 with 4 bedrooms, 3 baths and 2,419 sq.ft. is listed for sale at $1,305,000. San Jose is the most expensive market in the US where the median price is $1.27 million.
Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings.

Prices for single-family homes, which climbed 5.3 percent from a year earlier nationally, reached a peak in 64 percent of metropolitan areas measured, the National Association of Realtors said Tuesday. Of the 177 regions in the group’s survey, 15 percent had double-digit price growth, up from 11 percent in the third quarter.

Home values have grown steadily as the improving job market drives demand for a scarcity of properties on the market. While prices jumped 48 percent since 2011, incomes have climbed only 15 percent, putting purchases out of reach for many would-be buyers.

The consistent price gains “have certainly been great news for homeowners, and especially for those who were at one time in a negative equity situation,” Lawrence Yun, the Realtors group’s chief economist, said in a statement. “However, the shortage of new homes being built over the past decade is really burdening local markets and making homebuying less affordable.”

Sales of previously owned homes, including single-family houses and condos, increased 4.3 percent to a seasonally adjusted rate of 5.62 million in the fourth quarter, the Realtors said. At the end of December, only 1.48 million existing homes were available for sale, 10.3 percent less than a year earlier.

The most expensive markets were San Jose, California, where the median price was $1.27 million, followed by San Francisco, the Irvine, California, area, Honolulu and San Diego.

The San Jose area had a 26 percent increase in prices, the biggest of any region, followed by Reno, Nevada, and the Putnam/Dutchess County area, north of New York City. The biggest decline was in Glens Falls, New York, where prices dropped almost 12 percent. Cumberland, Maryland, and Elmira, New York, followed.

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      2508 Ocean Front, Del Mar, CA 92014 with 5 bedrooms, 4 baths and 2,519 sq.ft. is listed for sale at $10,950,000.




Located on Del Mar's gorgeous white sandy beach, this home offers everything a beach house should with 35 frontage feet on the sand! The Great Room with fireplace and the Master Suite both front the ocean. Four additional generous sized bedrooms, and 2 car garage plus 3 additional parking spaces allows room for plenty of family and friends. Walk along the shore to abundant options for fine dining and shopping.



















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      310 North Carmelina Avenue, Los Angeles, CA 90049 with 6 bedrooms, 10 baths and 11,192 sq.ft. is now reduced to $19,995,000.





Brand new Modern Georgian Estate on pvt 35K+ sq ft tree-filled lot w/ deep setback, expansive flat pad and lovely vistas on qt & picturesque North Carmelina - one of BW's finest streets! Painstakingly designed,  built over a 4-year + period. Great street presence, huge custom windows, tall sun-filled spaces, refined detailing, extensive millwork, the most tasteful finishes imaginable, perfect floor plan and breathtaking gardens w/ true resort-like feel. Gracious FLR and FDR, expansive eat-in chef's kitchen/fam rm, sep complete catering/prep kitchen, inviting lib, adult fam rm w/ marble bar, lg scale theatre space, laundromat-sized laundry rm/staff kitchen, upstairs laundry rm, gym, mudrm and det GH/poolside cabana w/ BA. Bluestone terraces and beau grounds inc pl/spa, field-size lawn and gorgeous canyon setting. Hardwd floors which are unique to each rm, beau light fixtures and hardware thru-out, furniture grade built-ins,  FP, fire pit, fountain, outdoor shower, BBQ and spacious 3 car-garage. Special! 


























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      3847 18th Street, San Francisco, CA 94114 with 4 bedrooms, 5 baths and  5,000 sq.ft. is listed for $11,850,000.
    
    
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Hand crafted by D & C with 3 years of careful building and detail is this one of a kind architectural residence with a restored Victorian facade.  It is finished with the finest materials spanning 4 levels including a Boffi kitchen, dramatic steel staircase within the two level entry foyer, hand-scraped white oak flooring, indoor-outdoor atrium with 30 foot timber bamboo, custom interior wall paneling, elevator, 4 car parking, Savant home automation system, Lutron lighting, and steps from Dolores Park as well as the finest restaurants and boutiques.



















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      4206 132nd Avenue NE, Bellevue, WA 98005 with 5 bedrooms, 6 baths and 
6,854 sq.ft. is listed for sale at $4,498,000.




MN Custom Homes presents this luxurious modern farmhouse on a sprawling 1.2 acre Bridle Trails estate. Master wing on main includes master suite & executive office. Outdoor covered living area w/fireplace, cable & BBQ station. Grand 1,200SF bonus room with entertainment kitchen & theatre. Backyard features private wood burning firepit & excellent southern exposure. Smart home & green features include integrated lights, garage doors, nest, car charger & more. Nationally ranked Bellevue schools.











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      9979 East Toms Thumb, Scottsdale, AZ 85255 with 6 bedrooms, 10  baths and 10,800 sq.ft. is listed for sale at $5,575,000.


9979 E Toms Thumb, Scottsdale, AZ 85255

Silverleaf - Just completed Contemporary home like no other. Total of 15,600 Sq.Ft. under roof with 10,800 interior/livable space. 6Bd/8 full bath with two 1/2 baths - 6 minimum parking spaces with room for up to 10 cars! Home includes a detached poolside guest house. Reference floor plan in photos to see all of the areas. This home features top of the line interior finishes and architectural designs. 5,000+ bottle wine room with glass wall open to dining, home theater, game room, exercise room and even a well thought out dog/pet room! Home has state of the art home electronics and Lutron lighting system. Also, comes with 28 installed TVs! Top of the line appliances Wolf, Sub Zero, Miele, Asko and more. Landscaping and pool are being completed now so this brand new opportunity is ready for occupancy now! 

9979 E Toms Thumb, Scottsdale, AZ 85255


9979 E Toms Thumb, Scottsdale, AZ 85255


9979 E Toms Thumb, Scottsdale, AZ 85255




9979 E Toms Thumb, Scottsdale, AZ 85255



9979 E Toms Thumb, Scottsdale, AZ 85255



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     10 Rushing Water Lane, Steamboat Springs, CO 80487 with 6 bedrooms, 6 baths and 13,296 sq.ft. is listed for sale at $11,500,000.




Storm Mountain Ranch - A Legacy Ranch. Envision a 1,063 acre mountain ranch 3 miles to Steamboat, bordered by Routt National Forest on 3 sides with clear Rocky Mountain water flowing abundantly throughout the ranch, with incredible fishing, wildlife and scenery. As the owner, you, and your most fortunate guests, will enjoy the Hideout Cabin located in a box canyon and private enjoyment of the spectacular June Falls, among towering rock cliffs. The numerous natural attributes of this ranch are simple proof that Mother Nature does indeed play favorites. Additionally -     A Legacy Home. Envision a home with two years of careful, daily planning and home design followed by nearly 3 years of home construction with an eye for every detail ensuring distinct quality and style, throughout the entire home building process. This is a home unlike any other!!!























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      899 Enfield Street, Boca Raton, Florida 33487 with 6 bedrooms, 8 baths and 9,980 sq.ft. is listed for sale at $11,500,000.




New construction home on a direct intracoastal point lot in Boca Raton available at this time. An estate of significance, flawless design, and unparalleled construction & craftsmanship elevate this new construction masterpiece to a true work of art on 202' of water. Crafted with the intention to impress this gated 10,000 sf home from the Mary Widmer Luxury Collection has been designed to be one of the finest estates in Boca Raton. The East facing architectual marvel sited on an Intracoastal point lot provides a perfect panoramic experience of the best views living on the water has to offer. This masterfully constructed home features 6 bedrooms, 8 baths, Grand Salon, Office, Media Room, Club Room, Wine Station, TWO 50' docks, 7 car garage, and infinity edge pool & spa.




























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      7 Hubert Street, #10B, New York, NY 10013 with 4 bedrooms, 4 baths and 
3,253 sq.ft. is listed fr sale at $10,950,000.


https://newconstructionmanhattan.com/sites/default/files/imagecache/building_mobile_slider_2x/images/entry_7_hubert_street.jpg

A stunning Tribeca home with three sun flooded exposures sits high above the charming cobblestone streets in the celebrated 7 Hubert Condominium. Enter through the exquisitely appointed foyer then venture further to discover the sweeping corner living room bathed in sunlight from walls of beautifully arched south and west facing windows that showcase unobstructed city and Hudson River views. Soaring 12' ceilings and white oak hardwood floors create an open and airy expanse in which to relax and entertain. 7 Hubert Street Condominium is a premier address offering impeccable service on an idyllic Tribeca block. With a state-of-the-art fitness room, children's play room, private resident's storage, live-in superintendent and 24-hour doorman, this building is fully equipped with everything one needs at their fingertips. This intimate condominium is perfectly located just steps from cafs, fine dining and the picturesque Hudson River Park.














The Hubert

Today's Best Mortgage Rates.

Things Just Keep Getting Worse For Mortgage Rates
Feb 14 2018, 5:37PM


Mortgage rates surged higher today, moving easily to new 4-year highs.  Today's average conventional 30yr fixed rate is roughly one eighth of a percentage point higher than Wednesday of last week and more than half a point higher than the best rates seen in January.  A half point increase would cost roughly $90/mo in terms of monthly payments on a $300k loan.  In terms of actual "note rates" being quoted, 4.625% is now replacing 4.5% as the most prevalent quote on top tier scenarios.  That said, it's worth noting that there's a fair amount of variability from lender-to-lender and day-to-day at the moment.  This is typical for market conditions we're currently enduring.

As expected, today's specific culprit was the Consumer Price Index report (CPI).  This is the most important inflation report in the US and arguably the most important piece of economic data over the past 6-8 months.  While the mighty jobs report normally holds that title, there's  nothing new or surprising about a strong labor market  at the moment.  A gradual rebound in inflation, on the other hand, would be much bigger news for the economy and the bond market (bonds dictate rates).

Inflation is one of rates' quintessential enemies.  Higher inflation means the payments investors receive from bonds will have less buying power in the future.  When this morning's data showed that inflation was picking up more quickly than expected, investors rushed to account for that decrease in value.  They accomplish this by selling more bonds than they buy, thus pushing the price of those bonds lower.  When bond prices move lower, rates move higher. 

While today is an unpleasant extension of a broader move higher, nothing has fundamentally changed about that broader trend.  Expect it to continue until and unless we have a significant push back in the other direction--and one that lasts for more than a few days.  Rest assured, I'll be the first to let you know when such a bounce begins to materialize. 


52 Week Range Mortgage Rates

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!