Weekly Top Ten Real Estate Hot List Tue: 09-25-2012
After having his home on the market for two years, Ryan is now celebrating the upswing in this year’s real estate market that has seen a huge boost in sales. The 2012 market started off with a refreshing boost in sales starting in early spring and continuing through summer. Even when the home-selling season normally slows as children start school, brisk sales have continued, making this the best year since 2006 for sellers, and showing long suffering agents that there really is light at the end of a long, dark tunnel.
Ryan originally purchased the Hollywood Hills home from Kevin Costner in 2006 for $11.5 million, who bought it from Richard Dreyfuss in 1995 for $2.7 million. Ryan just sold it for $11 million, which some say netted him over a one million dollar loss. But does that really matter when he recently bought Ellen and Portia’s estate for $37.5 million? He was also one of the lucky ones who didn’t have to cut his price by 50 or 60% to get it sold, like so many owners of high-end properties have had to do. So, though some love to gossip about Ryan’s huge loss, we think he did just fine. Considering the price of his new digs, that little loss probably didn’t warrant a hiccup.
Totally opposite in ambiance from Ryan’s newly purchased bright white “Ellen” home, his recently sold Mediterranean-style property exudes warm rustic elegance in its design and materials. The villa is comprised of 10,000 square feet with 6 bedrooms, 7 baths, a gym, wine cellar, screening room, pool and tennis court.