Politics · India Bureau
Hollywood couple slashes asking price on Los Angeles mansion
Sarah Michelle Gellar and Freddie Prinze Jr. have reduced the price of their Mandeville Canyon home to $9.95 million, marking a $550,000 cut just three months after listing. The move signals the couple's determination to find a buyer for their family residence.
LSN India ·
The American entertainment couple has adjusted their asking price for the luxury Los Angeles property, reducing it from the original listing price. The Mandeville Canyon home, which the pair purchased in 2013, is now on the market at $9.95 million following the recent price adjustment.
The price reduction comes relatively quickly after the property's initial listing, suggesting the owners are keen to complete the sale. Real estate market analysts often attribute such moves to the need for properties to attract serious buyers in competitive markets.
The residence has been the family home for the couple over the past decade. The decision to sell represents a significant shift for the household, which has maintained the property through various phases of their careers in the entertainment industry.
Property listings in the Mandeville Canyon area of Los Angeles typically command premium prices due to the neighbourhood's exclusivity and proximity to entertainment industry hubs. The adjusted price point may help broaden the pool of potential buyers interested in the upscale property.