Wednesday, April 25, 2012
I think the weather forecasters have it all wrong, it's 81 degrees and I don't see rain in our future.
Taken at City of Beverly Hills, CA
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Britney Spears Sells Beverly Hills Home For $1.25 Million More Than Asking Price - Forbes
Britney Spears Sells Beverly Hills Home For $1.25 Million More Than Asking Price
+ Comment nowsee photosTrulia.com
Click for full photo gallery: Inside Britney Spears' $4.25 Million Beverly Hills Home
Perhaps the painfully public meltdown of Britney Spears in 2008 was best summed in paparazzi images of the pop princess strapped down to a stretcher and being carted out of her Beverly Hills home to the hospital. Turns out a house with that kind celebrity infamy is worth some money: $4.235 million, to be exact.
Since that 2008 incident, Spears has been under a conservatorship in which her father, James, has handled all of her legal and financial decisions. Through that arrangement, a hearing had been scheduled for today on that Beverly Hills abode, which Spears has tried unsuccessfully to sell on and off since 2008. With a modest $2.995 million price tag, the estate was slated for probate sale, subject to court approval, in which a hearing today would likely culminate in a bidding war for the home.
Turns out, however, that a bidding war wasn’t necessary to offload the 15,930-square foot home since an eager anonymous buyer placed an offer last month that was more than $1.25 million over the asking price. The court just approved the deal yesterday, according to TMZ, blessing the sale and canceling today’s hearing.
Tucked inside the exclusive gated community of Summit, the Mediterranean villa had been up snapped up by Spears for a hefty$6.75 million in 2007, during the height of the housing bubble. The singer reportedly bought it on a whim, fully furnished. The Summit Circle estate touts five bedrooms including a master suite with his-and-her baths and fireplace, a maid’s quarter, a backyard with pool and spa and a three-car garage. The home’s sale status is “in escrow,” according its listing with the Sanborn Team, a realty team specializing in probate sales.
Perhaps not surprisingly, Spears has not occupied the home since her stretcher stint. Instead she started afresh in a one-acre Calabasas, Calif. rental called Chateau Suenos where she hid out from paparazzi, investing $700,000 into property upgrades. She moved out of that house in early 2011 and shortly thereafter, the estate headed for non-distressed real estate auction.
Now that the sale of the Beverly Hills home is approved, Spears will reportedly live with Jason Trawick, her former agent-turned-fiance, in a rental until they find digs they want to buy. Their temporary home will likely continue to be the $25,000-per-month Thousand Oaks rental the celebrity songstress settled on in December. That manse, boasting 10,000-square feet of living space, touts an infinity pool, a gym, a home theater and a pub with billiards table.
Since the pop princess ascended to stardom in 1999, she’s had 10 homes, including six she has personally owned. You can further track the real estate wheeling and dealing of the songstress here.
Zillow 
Trulia Britney Spears Sells Beverly Hills Home For $1.25 Million More Than Asking Price - Forbes
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Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Home Values Show Largest Gain Since 2006; Many Markets to Hit Bottom by Late 2012 | Zillow Blog
ome Values Show Largest Gain Since 2006; Many Markets to Hit Bottom by Late 2012
According to Zillow’s first quarter Real Estate Market Reports, which came out today, national home values posted their biggest monthly gain in nearly six years, and 19 of the 30 largest metros covered by Zillow have either hit a bottom, or will by the end of 2012.
The Zillow Home Value Index (ZHVI) rose 0.5% from February to March, marking the largest monthly increase since May 2006 – before home values peaked.
To further add to the good news, we expect some markets to experience substantial home value gains over the next 12 months. In the Phoenix metro, the Zillow Home Value Forecast shows a gain of 6.5% from March 2012 to March 2013. In Miami, home values are expected to climb 5.6%.
What does this mean for consumers?
“For people who have been waiting to time their home purchases close to the market bottom, it’s time to start shopping,” said Zillow Chief Economist Dr. Stan Humphries.
While we don’t expect to see national home values continue to climb at a rate of 0.5% per month, it’s safe to assume they won’t fall much further in most markets. The Zillow Home Value Forecast predicts a national bottom in home values in the fourth quarter of this year.
For further analysis, visit the Zillow Research page.
Home Values Show Largest Gain Since 2006; Many Markets to Hit Bottom by Late 2012 | Zillow Blog
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Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Tuesday, April 24, 2012
If you are a baseball fan or even if your not check out this amazing video Stadium Secrets™ from my friends at REP Interactive.
If you are a baseball fan or even if your not check out this amazing video Stadium Secrets™ from my friends at REP Interactive.
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
