Thursday, September 20, 2018


Today's Best Mansions


Which one is your favorite?   Check out "Today's Top Three Mansions" everyday at: todaysbestmansionsforsale.com


#1    67 Beverly Park Court, Beverly Hills, CA 90210 is listed for sale at $165,000,000.



Authentic Italian village encompassing the largest assemblage in Beverly Park. On over seven acres, accessed by its own street, this 20 bedroom, 23 bath, 28,660 sq.ft., one-of-a-kind property took over seven year to create. Expansive gates open to a 30 car courtyard surrounded by 40 foot tall Canary Island palms and a setting worthy of the best Italian palazzo. Inside the mansion experience every possible amenity from high ceilings to large and formal gathering areas to small and intimate spaces. A four plus acre backyard offers views to a pool with pool house, two-story guesthouse, tennis court, two bedroom guest house and a walking/jogging trail that surrounds the estate. A separate lot comes with possibilities for expansion or separate development. This is one of the finest estates ever offered in Beverly Hills.
















#2     680 Loyola Drive, Los Altos, CA 94024 is listed for sale at $21,800,000.




Now This is a rare opportunity to acquire four separate parcels that together create a distinctive estate compound on approx. 4.55 acres in a prime Los Altos location. Once owned by Robert Noyce, founder of Intel, the estate comprises a  main residence and  guesthouse with 7 bedrooms, 5 baths and 8,955 sq.ft. as well as numerous resort-style amenities including a unique swimming pool, tennis court, bocce court, putting green, two ponds, and a vineyard. Exceedingly private, the estate enjoys views of the bay, the mountains, and the first fairway of the Los Altos Golf and Country Club.  A bluestone terrace overlooks the estates flourishing Merlot vineyard.The offering of such a significant estate which combines privacy, provenance, a premier location and every imaginable amenity is a rare opportunity not to be missed.























#3   650 San Marco Drive, Fort Lauderdale, Florida 33301 is listed for sale at $16,490,000.




Exquisite gated southeast point lot estate with 5 bedrooms, 8 baths and 9,139 sq.ft. includes a mega yacht dock, 425' of deep water frontage and unsurpassed wide water views! Renovated in 2011, this is one of the most gorgeous properties in South Florida. Impeccable craftsmanship throughout, features include Venetian plaster walls, limestone and Siberian oak floors, beamed and coffered ceilings, fully equipped chef's kitchen, 2 fireplaces, wine cellar and gym. Crestron smart home, security system, impact doors and windows, full house generator. Lush landscaping and pristinely manicured grounds. Prime south Las Olas Isles location, just minutes to the inlet.






















Today's Top Three Mansions Medium Home Value 


#1        67 Beverly Park Court, Beverly Hills, CA 90210 is listed for sale at $165,000,000

The median home value in 90210 is $4,910,900. 90210 home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.8% within the next year.


#2       680 Loyola Drive, Los Altos, CA 94024 is listed for sale at $21,800,000.


The median home value in 94024 is $3,555,400. 94024 home values have gone up 17.8% over the past year and Zillow predicts they will rise 4.2% within the next year.  
      

#3        650 San Marco Drive, Fort Lauderdale, Florida 33301 is listed for sale at $16,490,000.

The median home value in 33301 is $530,900. 33301 home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.6% within the next year.



The 100 Top Luxury Real Estate Markets Medium Home Values for 2017 compared to 2018 YTD


Zip Code     Location                           2017/2018 Medium Sale Price

Today's Mortgage Rates


Mortgage Rates Knocking on 5% Ceiling
Sep 19 2018, 3:37PM

Mortgage rates are in bad shape.  At some point in the past 3 days (depends on the lender), top tier 30yr fixed rate offerings hit their highest level in 5 years, then 7 years.  For the first time since 2011, the most prevalent top tier rate is 4.875% (meaning a handful of lenders are at 4.75% or 5.0%).  If this trajectory holds, the average lender would be at 5% next week.

In order to make the past few days relevant for anyone who reads this, let's focus on the CHANGE between today's average rates and those seen less than a week ago.  From Friday the 14th, the average 30yr fixed quote is an eighth of a percentage point higher (.125%).  While we've seen moves that big in the past, with only 1 or 2 exceptions, we haven't seen anything like it in 2018.  And when we consider that it takes rates to their highest levels in 7 years, it's even more troubling.

Keep in mind that Freddie Mac releases its weekly mortgage rate survey tomorrow, which tends to be heavily weighted for Monday and Tuesday's rates.  As such, there will be a barrage of headlines that say rates moved higher this week, but they likely won't capture the full extent of the move.

As for underlying motivations behind the move, we talked in more detail about that yesterday

52 Week Range          Today   Yesterday           Low/High 


30 Yr FRM4.86%4.82%+0.043.93%4.86%
15 Yr FRM4.31%4.28%+0.033.23%4.31%
FHA 30 Year Fixed4.50%4.50%--3.50%4.50%
Jumbo 30 Year Fixed4.42%4.40%+0.024.12%4.81%
5/1 Yr ARM4.12%4.10%+0.023.15%4.12%