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Saturday, March 17, 2007

Celebrity Real Estate Increasing in Value

The sub-prime market may be suffering, but not the primo market. Ozzy Osbourne's house on Doheny Road in Beverly Hills, has has increased in value by almost a million dollars during the last 30 days to $14,652,700. According to zillow.com, the Osbourne's home value went up by $951,086. In the last year, the house increased in value by 81%.

Other celeb abodes include Jennifer Aniston and Brad Pitt's former BH home on Ridgedale Drive, which went up by $31,558 in the last 30 days. Demi Moore and Bruce Willis's former Malibu beachfront home spiked $530,792 last month. Even the Buffy the Vampire Slayer house in Torrance, CA increased by $25,297.

This is in spite of the fact that the average California home has dropped in value by half a percent in the previous 30 days and average US home has dropped by a similar amount.

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