Celebs Who Lost Money Selling A Home in 2011

Adam Brody

This star of “Scream 4″ bought his Los Angeles home from Fred Durst in 2006 for a cool $2.2 million. It seems the 3 bedroom, 2.5 bathroom home with pool, sunroom and tree-top views suited the up and comer for 5 years, but unfortunately for Brody, selling a home wasn’t as much fun as buying. He sold the home in 2011 for $1.85 million.

John Mayer

Ladies’ man John Mayer has famously lost his heart a few times, but that’s not the only thing he lost. In January 2011, he also lost $408,000 when he sold his 3 bedroom, 3 bathroom Pacific Palisades home for $1.292 million. With its stained glass front door, tennis court and custom-built two-car garage, the home had served as a landing pad for the often-touring Mayer since he bought it in 2006 for $1.7 million.

Christina Aguilera

Christina Aguilera may soon be singing the blues, because she recently sold her Los Angeles home for a $346,000 loss after 3 years on the market. She bought the 6500 square foot house in 2003 for $5 million, and enjoyed its four bedrooms, seven bathrooms and recording studio for five years before listing the house in 2008 for $8 mil. No takers forced Aguilera to drop the price, finally selling in September 2011 for $4,653,815.

Nicholas Cage

Nicholas Cage has had some bad luck in the last few years – with his movies, his taxes and also his real estate. Cage purchased a mansion on Rhode Island in 2007 for a whopping $15.7 million, but just one year later put it back on the market for $15.9 million. But with the steep price and the economic downturn, there were no takers. The mansion finally sold in 2011 for a paltry $6.2 million, which just goes to show that sometimes selling a home isn’t for the wild at heart!

John Krasinski

John Krasinski proves that success on TV doesn’t mean success in real estate. The star of the hit show The Office bought his 1300 square foot, country-style West Hollywood home in 2006 for $1.05 million. The remodelled kitchen and high ceilings suited him fine, but perhaps he and actress Emily Blunt wanted a bigger home after they got married. The house was originally put on the market in March 2011 for $945,000, and sold in June for $880,000.

Some of these celebs lost much more than others. Does "star power" help celebrities recoup their loses more than the average consumer?

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