Aledo Times Record - Aledo, IL
  • People Are Willing To Pay Way More For Homes Where Celebrities Used To Live [INFOGRAPHIC]

    • email print
  • Business Insider
    Everyone knows there are high markups in restaurants, bars, and most retail goods, but what about celebrity real estate?
    The folks at real estate website Movoto looked at a number of celebrity homes in the Los Angeles and Malibu areas to see if the prices of these homes were inflated compared to similar non-celebrity homes in the same area simply because a famous person used to live there.
    The answer, they found, is "yes" ... depending on the celebrity. Robert Pattinson's place in Los Feliz, for example, sold for 202% above the average home price in the neighborhood, but Katy Perry's Hollywood Hills home went for 27% below average.
    Here's an infographic Movoto created looking at 12 different homes and whether they fell victim to "celebrity inflation":
    Movoto celebrity home inflation
    See Also:
    SEE ALSO: The Most Expensive Celebrity Homes In New York City