“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Easiest Way To Increase A Property's Value And Avoid Value PITTfalls

Easiest way to instantly increase the value of home? Apparently, all you need to do is have an A List celeb move in!

Now I know that Brad Pitt has his hands full with SIX kids, so he probably doesn't have a lot of time on his hands to watch TV or read the news. So I guess it IS possible that he totally missed what has been going on with CA housing prices in the last couple of years.

Actually, Zillow's real estate market reports show that Malibu, where Pitt lived, is indeed posting increases in home prices. The Zillow Home Index from Q1 2009 over Q4 2008 showed an increase of 9.3% and Q1 2009 over Q1 2008 increased 3.4%.

What does this mean for Pitt's home? He bought the home in 2005 for 8 million. He just put it on the market for 18 million!!! 10 million appreciation?? I guess it is good to be an entertainment king.

Posted Wednesday Feb 04