Scary Spice Sells Her Home for Above the Asking Price
These days you’re seeing more and more tales of celebrities putting their homes on the market and having them sit in stasis for a year or more and then selling it for below asking price. So the recent news that Scary Spice was able to under her $3 million dollar home almost immediately – and for above asking price – has the Hollywood Hills real estate community buzzing. Is this a portent of better things to come in the housing market?
The home was put on the market in late March for just under $3 million and sold for $3.14 million. There are a couple of reasons for this. First, the housing market is improving. The hysteria of a few months ago is settling down and people are inching back to the market. But what also has to mentioned regarding this sale is star power. Yes, even people who can afford a 3 mil plus home get start struck, and there is more value in saying, “Scary Spice used to live here,” compared to “A soap opera actress you may not have heard of lived here once.” The caliber of the celebrity living in a home in the past has a lot to do with its future value. This is most certainly true of homes lived in by the Hollywood greats, like Cary Grant, but also a pop star like Scary Spice.
The home also happens to be one befitting a rock star – as it has an eight camera surveillance system, an outdoor living room, a saline pool with three waterfalls, and ocean and sprawling city views. In short, it is the top of Hollywood Hills real estate, which also has to do with its eventual selling price. At the same time, any news like this is good for Hollywood Hills real estate on the whole – showing that the region is still healthy and on the upswing.
About Susan Andrews:
Susan Andrews is a top producing real estate agent at prestigious Beverly Hills real estate firm, Hilton & Hyland. She specializes in Hollywood Hills, West Hollywood and Los Feliz real estate. Susan can be contacted at 323.829.8811 or by e-mail regarding her properties.
