Homes sales up, prices down in San Fernando Valley:In yet another encouraging sign for the Valley's housing market, sales increased 13 percent in May from a year ago, one of the best performances since late 2009, a Realtor association said Friday. Last month 567 previously owned houses changed owners, 66 more than in May 2011, said the Van Nuys-based Southland Regional Association of Realtors. Sales increased 11 percent from 512 in April. "I think we're finally starting to see the increase in activity ... we've been hearing about the last couple of months," said Jim Link, the association's CEO. The median price of a Valley home fell 6 percent to $375,000 last month from $399,000 a year ago and in April. Home sales figures released Thursday by the San Fernando Valley Economic Research Center at Cal State Northridge showed a 25 percent jump in sales last month. The center tracks the market from Glendale through Calabasas. The Realtors figures cover Toluca Lake through Calabasas.
Miley Cyrus’ House: A $3.9 Million Mansion:Miley Cyrus, also known as Destiny Hope Cyrus, was born into a showbiz family. Her father, Billy Ray Cyrus, charmed the pants off of America with his “ear-wormy” country crossover hit, “Achy Breaky Heart”, back in the early 90s. He went on to a respectable country career in the US and abroad, and parlayed that into an equally successful acting career. When he and his wife had their first child, it only stood to reason that she would be a performer too. However, Miss Cyrus went on to far eclipse her father, starring in the ridiculously popular Disney series, “Hannah Montana”, that launched a string of successful tours, clothing lines, spin-off movies, accessories, toys, and the list goes on. Miley Cyrus became a money making machine, and when she decided to leave her “tween” roots behind, and attempt a more “adult” career releasing an official studio album, and shifting her focus to movies, the future looked bright. Unfortunately, like many young stars that attempt to make the transition into adult stardom while remaining in the public eye, she tripped up… quite a lot actually. From wearing clothes that alienated her still rather young audience, and more importantly, their parents, to indulging in Hollywood teen behavior that made the wrong kind of headlines, to appearing in projects that left her fans cold, Miss Cyrus has stumbled her way into Tinseltown adulthood with far less grace than one might hope. Her most recent effort, “LOL”, a remake of the French film of the same name, has received almost no publicity, grossed less than the cost of a college education in its first week open worldwide, and has been thoroughly savaged by the few critics that have seen it. Welcome to adulthood, Miley. Just under a year ago, in a further bid to establish herself as an emancipated adult, she purchased a (third) home in Studio City, California. The 5,713 square foot, single storey ranch-style house, contains five bedrooms, and six and half bathrooms. She purchased it for $3.9 million dollars, and like many mansions in California, it features floor-to-ceiling windows in almost every room, a massive lawn, a swimming pool, and an open plan central living area. The master bedroom has its own sitting area with a fireplace and skylight, a very large master bath/spa, and a private patio. There is a separate suite attached to the main house, on the other side of the garage, for visiting family members. A gargantuan stone fireplace dominates the open-plan dining and living space. At a mere nineteen, she is on house number three. While her real estate choices clearly point to an adult sense of self, she may want to spend a bit more time choosing her projects (and behavior), and less on choosing new property.
Jennifer Aniston and Justin Theroux buy a $22 million home together in Bel-Air Los Angeles:Actress Jennifer Aniston and her boyfriend Justin Theroux, an actor who also wrote the blockbuster films Tropic Thunder and Iron Man 2, are set to jointly purchase a home for roughly $22 million in Los Angeles's Bel-Air neighborhood, according to a person familiar with the matter. The 8,500-square-foot home, which is listed for $24.9 million, is owned by Robert Maguire, who founded real-estate company Maguire Properties Inc. Mr. Maguire first put the A. Designed by Los Angeles architect A. Quincy Jones in 2008, but has taken it on and off several times since then. Last year, he re-listed the property for $29 million before reducing it. The four-bedroom, seven-bathroom midcentury home has floor-to-ceiling glass windows and ocean views. It's situated on 3 acres and includes a separate guest house, pool, and a vineyard. The property sits on more than three acres of land and has views of both the city and the Pacific Ocean. It also has an open floor plan with glass walls, a pool, vineyards and a guest house. Aniston, 42, and Theroux, a 40-year-old actor who also co-wrote the screenplays for "Iron Man 2," "Tropic Thunder" and the new "Rock of Ages" film, have been dating since at least May of 2011 and co-starred in the movie "Wanderlust," which was released in October. The two moved in together after Aniston sold her Bevely Hills home for $36 million in July and then rented a two-bedroom house in the Hollywood Hills. It was reported then that they were looking for a home to buy together.