Luxury Home Sales Surge in Beverly Hills

Just ask Jennifer Aniston's accountant

By Dustin Lushing,  Newser Staff

Posted Oct 29, 2011 8:30 AM CDT

(Newser) – Luxury real estate in and around Beverly Hills is selling at a hot pace despite a swell in foreclosures on high-end homes elsewhere in the US, reports the Wall Street Journal. One high-profile example: Jennifer Aniston sold her mansion last summer for $36 million—nearly triple the $13.5 million she paid for it in 2006. It worked out to a record high $3,600-per-square-foot price.

In 2011, 25 homes in the region have been purchased for $10 million or more, outdoing the boom years of 2006 and 2007. Speculators and renovators are flocking to the 90210 action. A Lions Gate exec just sold the $9.8 million home he bought in 2009 to a Russian soccer player for $14.4 million, and a European businessman who bought a 20,000-square-foot house for $16.5 million last fall is now asking $25 million.

Jennifer Aniston: Smart home shopper.
Jennifer Aniston: Smart home shopper.   (AP Photo/Matt Sayles)
A sample of the local flavor: This is a file photo of the mansion once owned by Aaron Spelling.
A sample of the local flavor: This is a file photo of the mansion once owned by Aaron Spelling.   (AP Photo/Mark J. Terrill, File)
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