Ryan Serhant Analyzes the Celebrity Real Estate Market
The Simpson family purchased this Encino home in 2001 for $2.1 million. With a current asking price of $4.395 million, the home is well above comps in the area. Ultimately, the Simpson's celebrity status is not valuable enough to net a $2 million profit -- certainly not in the current state of the Los Angeles real estate market. Still, they should see a profit of over $1 million if the home sells in the $3.5 million range.