Celeb homes for sale: Kara DioGuardi, Christina Aguilera, Ashlee Simpson, Scarlett Johansson – all looking to sell for less than purchase price
When one sells, they all sell. This week, it’s the ladies who are hitting the market hard to offload their multi-million dollar mansions. We’re seeing American Idol judge Kara DioGuardi, Christina Aguilera, Ashlee Simpson-Wentz and Scarlett Johansson all list their homes for less than their purchase price.
American singer, songwriter, music publisher and most recently, American Idol judge Kara DioGuardi is apparently ‘uncontento’ with her Hollywood Hills pad. She must be itching to get out since she just reduced the asking price $101,000 to $1,649,000 for her three-bedroom Spanish-style retreat boasting city and canyon views. Not much of a dent in price reduction but it’s better than nothing!
2324 El Contento Dr. Los Angeles, CA 90068
Christina Aguilera is also selling her newly renovated modern masterpiece for a pretty $6.25M. The modern masterpiece includes a smart house, 12-person spa, 15-ft wide stainless steel fireplace and 25-ft waterfall – just to name a few things.
1443 Devlin Dr. Los Angeles, CA 90069
Ashlee Simpson-Wentz, Jess Simpson’s baby sister, is selling her precious Mediterranean Villa for $4M – slightly lower than the other two, but let’s be honest, it’s still out of our range!
And last but not least, we’ve got Miss Scarlett Johansson who just listed her gated Spanish Villa for sale. The villa includes a chef’s kitchen with “Big Chill” appliances, media room, maids quarters and a gated porte-cochere!
Who will it be next week?
Keep up with our celebrity home citings here!
1 commentFirst Local Ads testimonial – Joseph Hewey, Agent in Dallas, TX
Last week, I had a great conversation on Local Ads with Joseph Hewey, agent in Dallas, TX. Joseph has been a Local Ads subscriber for a little over a month and he’s had HUGE success! Check out his testimonial below:
Our conversation went something like this…
How did you hear about Local Ads?
I heard of Local Ads through a magazine that my company subscribes to and there was a promo where if I signed up for Trulia Pro, I could sign up for Local Ads. And so I did!
How long have you had Local Ads?
I’ve had Local Ads for a little over a month and I’ve already been contacted by two buyers. One directly called me after seeing my ad in Zip Code 75219. I’m currently in the process of closing a contract, tomorrow actually. We met the same afternoon the buyer contacted me and went into contract three days later.
How many markets are you in?
I’m currently in 5 zip codes. The two buyers who contacted me saw my ad in Zip Code 75219.
In his words:
I really like the idea of being able to buy 100% of my market and not have to worry that over time, competitors will come in and I’ll lose my market share. This is a really cool product and I’m super pleased with it!
Check out his ad below and see it live in 75219:
Do you have a testimonial you’d like to share with us? Please send it along to pr@trulia.com.
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Trulia’s February Price Reduction Report – Housing Market Shows Signs of Stabilizing
photo credit: woodleywonderworks
Today we announced that 21 percent of homes currently on the market in the United States as of February 1, 2010 have experienced at least one price cut. This represents the second straight month of home price reductions at this level, the lowest level since Trulia started tracking price reductions in April 2009, and a significant decrease since November 2009, when 26 percent of homes had at least one price reduction. The total dollar amount slashed from home prices dropped to $22.6 billion compared to $28.1 billion in November, a 19 percent decrease. The average discount for price-reduced homes continues to hold at 11 percent off of the original listing price.
California Seeing Less Reductions
Of the top 50 major U.S. cities*, only seven had price reduction levels at 30 percent or higher in February 2010, down from 21 in November 2009. Eight cities have seen a decline by more than one-third, and five of those cities are from the state of California: San Francisco, Oakland, Sacramento, San Jose, and San Diego.
“Seeing lower levels of price reductions nationally is an early indicator that we may be getting closer to a healthier real estate market. So far this year, we’ve seen more engagement by home buyers than we’ve ever seen before on Trulia and it shows no sign of slowing down,” said Pete Flint, Trulia co-founder and CEO. “However, the tax credit extension is scheduled to expire soon and last year’s experience indicates that sellers may begin to panic by reducing prices ahead of the deadline. We will be tracking this closely during the next few months to determine the overall health of the real estate market heading into the traditional summer buying season.”
The Tax Credit Effect
National price reduction levels peaked toward the end of last year, corresponding to the timing of the original November 2009 deadline for the Federal Housing Tax Credit. In the months following the extension of the tax credit we’ve seen the lowest levels of reductions since the report started in April 2009. National price reduction levels by month:
* February 2010 – 21%
* January 2010 – 21%
* December 2009 – 22%
* November 2009 – 26%
* October 2009 – 26%
* September 2009 – 26%
* August 2009 – 25%
* July 2009 – 25%
* June 2009 – 24%
Luxury Market Still Hardest Hit
Luxury homes (those listed at $2 million and above) continue to be hit the hardest by price reductions with an average discount of 14 percent. Additionally, luxury homes represent less than two percent of all current listings on Trulia, but are responsible for 25 percent of the $22.6 billion in home price reductions. The average discount for homes priced less than $2 million continues to hold at 10 percent.
February 2010 Price Reductions – Top 50 U.S. Cities
For more info on Trulia’s national home price reduction report, please visit our press release in the Trulia News Room
1 commentNew Video: Trulia Local Ads
Please join us for our 1st Trulia Local Ads webinar this Thursday February 11 at 10am PT / 1pm EST. Space is limited so please register today.
2 commentsTrulia CEO Pete Flint on CBS News: Homes – Where America Stands
According to CBS:
American retailers report that home sales are up, but sellers aren’t getting the amounts they used to. Ben Tracy reports on the housing market for the CBS News series “Where America Stands.”
Trulia CEO Pete Flint says- The #1 cause for Foreclosure is unemployment.
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