Saturday, September 15, 2018

Today's Top Mansions

Which one is your  favorite. Check out "Today's Top 3 Mansions" everyday at:

#1   9719 Heather Road, Beverly Hills, CA 90210 is listed for sale at $24,500,000.  

Settled on nearly 4 acres, minutes from the heart of Beverly Hills, this exquisite 5 bedroom, 8 bath, 10,050 sq.ft. French contemporary estate has just completed an extensive renovation. Designed for entertaining, grand-scale interiors boast high ceilings, contemporary fixtures, marble finishes and floor-to-ceiling windows for abundant natural light throughout. Upscale living spaces include a professional chef's kitchen with breakfast nook, formal dining room, great room, library with bar, big-screen theater and climate-controlled wine cellar. Upstairs, the luxurious master suite features dual walk-in closets and baths, in-room bar, fireplace and private terrace. French doors open to sprawling grounds, complete with rolling lawns, expansive pool terrace, stunning fireplace, outdoor kitchen, plush seating, tennis court, mini golf course and a private vineyard overlooking majestic views of the city, ocean and mountains.

#2    19575 Collins Avenue, Sunny Isles Beach, Florida 33160 is listed for $22,500,000.  

Now This mesmerizing residence with 6 bedrooms, 8 baths and 17,015 sq.ft. represents the pinnacle of upscale oceanfront living. Encompassing the entire 3rd and 4th floors of the one of a kind Regalia building, this ultimate Beach House features 6BR/6+2BA. Step outside onto 360-degree wrap-around terrace and enjoy the direct ocean views of the Atlantic Ocean, Intracoastal, and breathtaking Miami skylines. Distinguishing this residence from all others, this modern oceanside villa is complete with a private 6,500 sf entertainment terrace with an infinity glass-faced pool and spa, summer kitchen, and raised terrace overlooking the ocean. Features include an impressive stainless steel Kosher chef's kitchen, custom bar and multiple living spaces to entertain. Live the true beachside lifestyle with the luxury of a full service building and 5-star amenities

#3     2186 Parkside Avenue, Hillsborough, CA 94010 is listed for $17,500,000.

Custom-built to the highest standards in 2013, this incredible 5 bedroom, 10 bath, 7,60 sq.ft.  estate on a 1.5-acre level and gated lot in the finest lower north location is truly breathtaking. Situated with tremendous street setback, this residence offers a vast front courtyard with bocce ball court, croquet lawn and two koi ponds with fountains. The superb rear grounds feature splendid stone patios, a large pool with spa and water features, a pool house with heated floors, kitchenette, and 2 bathrooms, expansive level lawn, tennis court, basketball court, and a stunning guest house with kitchen and full bath. The main residence consists of 5 bedroom suites, 6.5 baths, two family rooms, chic formal rooms, and a spectacular kitchen highlighted by custom Scavolini, cabinetry, and Miele, Wolf and Sub Zero appliances. Other amenities include a gym, secondary kitchen, walnut flooring and European mahogany windows and French doors. A gated motor court leads to a three-car garage with extra storage areas. Truly once-in-a-lifetime opportunity.

Today's Top 3 Mansions Medium Home Value 

#1    9719 Heather Road, Beverly Hills, CA 90210 is listed for sale at $24,500,000.

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

#2    19575 Collins Avenue #3, Sunny Isles Beach, Florida 33160 is listed for sale at $22,500,000.

The median home value in 33160 is $347,200. 33160 home values have gone up 5.8% over the past year and it is predicted they will rise 4.0% within the next year.

#3    2186 Parkside Avenue, Hillsborough, CA 94010 is listed for sale at $17,500,000.

The median home value in 94010 is $2,784,800. 94010 home values have gone up 13.0% over the past year and it is predicted they will rise 6.1% 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 Jump to 4-Month Highs
Sep 14 2018, 4:18PM

Mortgage rates had a bad day.  Even after a weaker reading on Retail Sales (something that normally helps), the bond market lost ground.  Unfortunately, that's consistent with the rest of the week as investors have largely shunned bonds.  Lower demand for bonds = higher rates.

Perhaps "shunned" isn't the perfect word.  Investors are indeed buying bonds, but there have been so many to buy this week that sellers have had to lower prices to get them out the door.  That's a bit of an oversimplification of the how things actually work, but the dynamic of higher supply driving higher rates is at the heart of the issue.  

Beyond that, investors are nervous about buying bonds too aggressively in an environment where wages are rising, retail sales are holding steady at long-term highs, consumer sentiment is setting long-term highs, and inflation is holding over 2%.  All of the above is consistent with rates continuing to move higher, even if some of this week's economic numbers didn't hit their forecast levels.

The net effect for mortgage rates was a moderate move just past recent highs.  From there, we'd have to go all the way back to the month of May to see anything higher.  At this point, there's not much room left between current rates and the highest levels in 7 years.  The best thing rates have going for them is the extent to which it looks like they have nothing going for them!  A bit of a paradox, I know, but keep in mind that "sure things" quickly get "priced in" to financial markets.  At some point, the obvious need to push rates higher will have run its course, and we'll be left with a paradoxical push in a more friendly direction to explain.

52 Week Range          Today   Yesterday           Low/High .

30 Yr FRM4.74%4.71%+0.033.93%4.79%
15 Yr FRM4.22%4.19%+0.033.23%4.22%
FHA 30 Year Fixed4.42%4.39%+0.033.50%4.50%
Jumbo 30 Year Fixed4.37%4.35%+0.024.12%4.81%
5/1 Yr ARM4.02%4.00%+0.023.15%4.03%