TheMReport — News and strategies for the evolving mortgage marketplace.
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MDWELL Springtime —Still a Mix of Hot and Cold TOP SELLER'S MARKETS SACRAMENTO, CALIFORNIA SAN JOSE, CALIFORNIA SAN FRANCISCO, CALIFORNIA PHOENIX, ARIZONA WASHINGTON, D.C. Statistics: Median List Price: $279,000 Total Listings (Jan. 2012– Jan. 2013): -67.2% Median Age of Inventory (Jan. 2012–Jan. 2013): -64.93% Statistics: Median List Price: $561,500 Total Listings (Jan. 2012– Jan. 2013): -56.33% Median Age of Inventory (Jan. 2012–Jan. 2013): -35.06% Statistics: Median List Price: $729,000 Total Listings (Jan. 2012– Jan. 2013): -46.80% Median Age of Inventory (Jan. 2012–Jan. 2013): -34.11% Statistics: Median List Price: $209,500 Total Listings (Jan. 2012– Jan. 2013): -15.88% Median Age of Inventory (Jan. 2012–Jan. 2013): -15.94% Statistics: Median List Price: $429,000 Total Listings (Jan. 2012– Jan. 2013): -30.77% Median Age of Inventory (Jan. 2012–Jan. 2013): -21.59% It's a Fact… Inventories increased by 40.2 percent in Sacramento from last year's inventories. It's a Fact… Sellers can anticipate a profitable spring season because list prices rose by more than 25 percent in the area. It's a Fact… San Francisco is one of the top 10 MSAs with homes staying on the market for only 56 days. It's a Fact… Inventories have decreased by 15.88 percent since last year. It's a Fact… List prices have risen by 16.33 percent since last year. Hot Home: Like something out of a Hollywood movie, this house is more like a resort. Each of the four bedrooms in Il Segreto opens to its own private courtyard filled with leafy shade trees—perfect for a sunset dinner with companions. The pool area features four cabanas that look like they were plucked straight from Miraval and deployed to bring calm and serenity to the home's residents. The house has been completely refurbished from its original design in 1935 but has maintained its architectural integrity. It also includes a game room, a library with built-in shelving, a spacious den area, exterior fireplace, and gazebo and currently lists for $4.75 million. Hot Home: Debra Lee's $6 million manse has a great deal of history in its walls. The chairman and CEO of Black Entertainment Network has listed the D.C. pad, which features four bedrooms and six baths and was designed by the same architect who created the Kennedy Center and the museum of Modern Art in New York City. Yes, Edward Durrell Stone designed the home that once housed former Redskins owner George Preston Marshall and his predecessor, Jack Kent Cooke. The house also served as a fundraiser location for then democratic nominee Hillary Rodham Clinton. Hot Home: This hot home sits in a prime location in desirable Arden Oaks and features extraordinary handcrafted brick masonry on a 1.7-acre lot. Each of the five bedrooms is master suite-sized, and there are eight bathrooms in the home as well. For $3.75 million, the buyer also gets a gourmet kitchen and butler's kitchen, a full professional bar, a barber shop, wine cellar, massage room, executive office, full indoor spa with a steam room, sauna, Jacuzzi, and a large gym. The formal dining room features stunning built-in cherry cabinetry, and the home also boasts of a six-car garage with motor court. The pool has a waterfall that overlooks the tennis court and guesthouse. The house even has an elevator to take residents and guests to and from each room. 12 | The M Report Hot Home: This blingy estate is located in the tony Silver Creek Valley country club and is on the market for $3.3 million. The 13,100-square-foot palace features a garage that can house between seven and 14 vehicles, a weight room, an artists' and dance studio, a wine cellar, and bowling alley. This home is perfect for all of the sportsmen and women out there because it features a full gun range for the shooting enthusiasts and a complete wrestling ring for Gladiator lovers. Among some of the amenities are heated marble floors, a 22-foot foyer, a gym, and a movie theater. The home has seven bedrooms and eight bathrooms and one half bath. Hot Home: This four-story home is a remodel that combines the elegance of architectural tradition with contemporary interior spaces to give a family all the space they need. Natural light fills the fully detached home through its panoramic windows, skylights, and a three-story stairwell atrium. The home also features tall ceilings and doorways, deep crown moldings, rich paneling, and hardwood floors. The manse takes up an entire city lot and also has a newly landscaped garden, which provides a private and spacious retreat. It is currently listing for $6.5 million.