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HomeUSData reveals the Californian neighborhoods losing celebrity appeal

Data reveals the Californian neighborhoods losing celebrity appeal

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Image by cvcportoalegre from Pixabay

New research reveals the Californian regions where celebrities want to relocate from. Beverly Hills is most impacted, with ten celebrities currently listing their homes for sale in the area. Hidden Hills follows closely, with eight celebrities actively attempting to sell their properties since January.

Newly released data unveils the Californian regions where celebrities most consider relocating from, indicating a changing perception of Beverly Hills.

The research, conducted by sweepstake casino Vegas Gems, gathered data from every celebrity real estate report since January 2023, tracking the property relocations of over 370 A-listers across the United States. The analysis discovered the California areas experiencing lower demand in the luxury real estate market.

Beverly Hills, renowned as the most iconic neighborhood in Los Angeles, appears to show a trend of residents moving away from its famous palm-lined streets. Formerly home to stars like Rihanna, Russ Weiner, and Lee Daniels, this year has seen several celebrities choosing to relocate elsewhere. Mark Wahlberg, for instance, made headlines by completing the sale of his Beverly Hills mansion in February for a record-breaking $55 million as he opted for a move to Nevada. Additionally, notable music figures such as Drake, Charlie Puth, and Lil Uzi Vert are among the ten celebrities making efforts to sell their Beverly Hills residences and explore other living options.

The top Californian areas celebrities are relocating from:

County Area Houses Sold Houses on Market Total
Los Angeles Beverly Hills 4 6 10
Los Angeles Hidden Hills 3 5 8
Los Angeles Central Malibu 2 5 7
Los Angeles Studio City 6 1 7
Los Angeles Hollywood 2 4 6
Los Angeles Brentwood 3 1 4
Los Angeles Hancock Park 4 0 4
Los Angeles Encino 0 4 4
Santa Barbara Montecito 2 2 4
Los Angeles Bel Air 2 2 4

 

Nestled in the western San Fernando Valley, Hidden Hills has traditionally provided its exclusive community with a sense of privacy amidst the bustling city of Los Angeles. However, eight celebrities, including mega-stars like Kim Kardashian, Madonna, and Sylvester Stallone, attempted to sell their properties since January. The listed prices for these residences range from $2.3 million to $17.2 million. Notably, Jessica Simpson, French Montana, and Nicollette Sheridan also currently have their properties on the market in this renowned secluded neighborhood.

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Heading down the coast, Central Malibu has seen seven celebrities selling off their beachfront abodes. Located along the scenic Pacific Coast Highway, recent reports indicate that Cher, Halle Berry, and Pia Zadora are currently transitioning away from coastal living. Despite the recent move of Beyonce and Jay-Z into the area, this year has also seen the departure of Megan Fox and Dean Cain to new locations.

 Studio City, a creative hub within the sprawling metropolis of Los Angeles, has witnessed the departure of seven A-listers from their properties. Notable names such as Meghan Trainor, Miles Teller, Chloe Grace Moretz, Elizabeth Perkins, and Roddy Rich have all been part of this trend. Janel Parrish is also actively seeking a buyer for her property, continuing the trend of celebrity transitions in the area.

In the world-renowned entertainment capital of Hollywood, reports indicate that six celebrities are seeking to distance themselves from this cultural epicenter. Notably, Laura Harrier and Perez Hilton have already completed transactions this year, while others like Danny McBride, Matthew Weiner, and Gerald Casale are actively promoting their property listings.

The research also revealed that in BrentwoodHancock ParkEncinoMontecito, and Bel Air, four celebrities each are making efforts to sell their homes.

Commenting on the research, a spokesperson for Vegas Gems said, “In the evolving landscape of the entertainment industry, celebrities are also changing their property mindsets. The introduction of new measures, notably the Los Angeles ‘Mansion Tax,’ adds an additional layer to this transformation. Sellers are now faced with a heftier transfer tax, potentially slowing down celebrities’ real estate portfolios.

With a Los Angeles properties listing at an average of $20.5 million, the research may suggest that celebrities are looking to explore other areas in California, particularly those showing evidence of a price decline, such as San Francisco, Berkeley, and Santa Cruz.”

The top Californian areas celebrities are relocating from

 

County Area Sold Selling
Los Angeles Beverly Hills 4 6
Los Angeles Hidden Hills 3 5
Los Angeles Central Malibu 2 5
Los Angeles Hollywood 2 4
Los Angeles Studio City 6 1
Los Angeles Brentwood 3 1
Los Angeles Hancock Park 4 0
Los Angeles Encino 0 4
Santa Barbara Montecito 2 2
Los Angeles Manhattan Beach 1 2
Los Angeles Westwood 3 0
Los Angeles Bel Air 2 2
Los Angeles Loz Feliz 2 1
Los Angeles Sherman Oaks 2 1
Los Angeles Nichols Canyon 1 2
Riverside Palm Springs 1 2
Riverside La Quinta 1 2
Los Angeles Western Malibu 2 1
Los Angeles Calabasas 2 0
Los Angeles Venice 1 1
Los Angeles Beverly Glen 0 2
Los Angeles Silver Lake 2 0
Los Angeles Atwater Village 1 1
Los Angeles North Beverly Park 1 1
Los Angeles Woodland Hills 1 1
Los Angeles Hollywood Dell 1 1
Los Angeles Topanga 1 1
Los Angeles Laurel Canyon 1 1
Los Angeles Hollywood Heights 0 2
Los Angeles Bell Canyon 0 2
Los Angeles Eastern Malibu 0 2
Los Angeles Glendora 1 0
Los Angeles Hermosa Beach 1 0
Los Angeles La Canada Flintridge 0 1
Los Angeles Westchester 1 0
Los Angeles Mar Vista 0 1
Los Angeles Pacific Palisades 0 1
Los Angeles West Hollywood 0 1
Los Angeles Fairfax 0 1
Los Angeles South Beverly Park 1 0
Los Angeles Burbank 1 0
Los Angeles La Canada Flintridge 0 1
Los Angeles The Bird Streets 0 1
Riverside Palm Desert 0 1
Riverside Indio 1 0
San Diego Point Loma Heights 1 0
San Diego Middletown 1 0
San Diego Fairbanks Ranch 1 0
San Diego Rancho Santa Fe 0 1
Orange County Dana Point 1 0
Los Angeles Glendora 1 0
Orange County Yorba Linda 1 0
Orange County Shady Canyon 0 1
Orange County Newport Beach 0 1
Los Angeles Monte Nido 1 0
Ventura Thousand Oaks 1 0
Los Angeles Agoura Hilla 0 1
Ventura Lake Sherwood 0 1
Ventura Hidden Valley 1 0
Santa Barbara Hitchcock 0 1
Santa Barbara Gaviota 0 1
Sacramento Elk Grove 1 0
El Dorado Lake Tahoe 0 1
Santa Clara Morgan Hill 0 1
Sonoma Sebastopol 0 1
Sonoma Glen Ellen 1 0
San Mateo Moss Beach 1 0
Alameda Oakland 0 1
Marin Tiburon 0 1
San Francisco San Francisco 1 0
Los Angeles Century City 0 0
Los Angeles Tarzana 0 0
Orange County Newport Coast 0 0
Los Angeles Mint Canyon 0 0

 

Sources: Redfin, Zillow, Realtor, Mansion Global, Robb Report

Methodology: Upon receiving notification of a celebrity real estate transaction, the collected data is applied to pinpoint the property address of each celebrity. This address is then meticulously tracked using platforms like Redfin or Zillow to identify sales and relocations.

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