Hollywood Hills Luxury Homes Sale

Oscar-winning actress Jodie Foster is saying “Bye, Bye, Birdie!” to her secluded Hollywood Hills estate located in the famed Bird Streets section. Foster had originally had a little trouble in attracting the right buyer to the property, but it seems all has ended well as the actress has moved on to a luxurious Beverly Hills home.

Foster originally listed the home at 9219 Flicker Way in Los Angeles for $6.4 million in June 2013, but after languishing on the market for over a year Foster chopped the price first to $5.75 million and finally to $4.995 million in order to finalize the sale.

It’s hard to imagine that such an exquisite property had any trouble on the market. The home has roughly 6,000 square feet of living space that includes five bedrooms and six bathrooms. Built in the Spanish style, the home is intensely private, much like its former owner. The home features a rear entrance, courtyard pool area and brick patio that are completely secluded with the help of high-reaching hedges on all sides.

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Inside the home is equally spectacular with a luxurious master suite that includes a sitting area, walk-in closets, fireplace and sauna. The drama of the interior is taken up a notch with dark-beamed, vaulted ceilings and luxurious accents throughout the kitchen and dining areas including large butcher-block counters, bay windows and balconies.

Foster originally bought the charming villa in 1995 from model Cheryl Tiegs. Since then the actress has been flip-flopping properties all around Los Angeles. Foster sold a Beverly Hills mansion in January 2012 for $8.3 million, only to pick up another in June 2012 for $11.750 million which is believed to be her primary residence.

West Hollywood Home Prices Continue Gaining Trends

In spite of the multiple price downgrades Foster had to go through in order to sell her home, it seems that homes on the West Hollywood housing market have been gaining value through much of the last year. Altos Research, a California-based real estate analytics company, reports that as of October 10, the median single-family home value in West Hollywood is $2,943,723.

Prices have been on a flatline for the last few weeks, but trends over the last year have shown a general progression up, with only slight dips and stalls noted overall.

Demand has also been strengthening in the West Hollywood market as indicated by Altos’ unique value that measures the relationship between buyer demand and seller inventory. The MAI is currently above the neutral value of 30, which indicates that there are more buyers wanting to get in on the West Hollywood market, giving sellers a slight edge in pricing their homes a little more competitively.

The advantage is slight however, and in the coming months, which are typically quiet for the real estate market, it will be interesting to see how buyers and sellers continue to interact with one another.

If you are interested in learning more about West Hollywood homes, please contact our team of luxury property experts today.

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