On May 19, 2012 – Los Angeles Times article notes that "celebrity sellers have little effect on home prices". It notes Sharon and Ozzy Osbourne sold their Malibu La Costa beach home for 21% less than the original asking price of $10,000,000 and finally selling at $7,925,000 in April 2012.
The article notes that "home value is too complicated, with lots of variables" the season, the location, the quality of home." Ellen Galeski said it well when she comments "typically what adds value is what they do to the home." "The homes of stars are often redone by designers who have fabrics made for draperies, use time-consumming methods such as Venetian painting or travel abroad to select the marble." One such example is Jennifer Aniston's home where "she did a beautiful job on that house. Done to the nines with every convenience that one could think of for a bachelor or a bachelorette– quality walls, floors, ceilings."
If you are interested in leasing, purchasing a property or selling a property in Malibu, Pacific Palisades, Calabasas or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
