Celebs love to play the real estate game, so ET looked into who's buying and who's selling the hottest properties in town.
Celebrities love to play the real estate game, so ET looked into who's buying and who's selling the hottest properties in town.
It's been a transition period for Justin Bieber, who has a new glass house to go along with his new blond hair.
The property, located in Beverly Hills, is somewhat of a landmark and the Biebs is renting it for roughly $60K a month.
While Bieber's 7,500-sq. ft. home came ready to go, Reese Witherspoon is working on a fixer-upper. She just bought a historic home in Nashville for just under $2 million.
"It's a project that's going to take me a while," Reese said of restoring the home. "It's something I'm going to do little by little. It's a passion project for me."
On the selling side are stars like former Baywatch star David Charvet, who has turned into a salesman in the real estate game.
David is a high-end home builder with his own company, Joan's Builders Group. He and wife Brooke Burke-Charvet are selling their mansion for $13 million.
"Celebrities can make a lot of money out of real estate," said David Parnes of Million Dollar Listing Los Angeles. "I know that Ellen DeGeneres recently purchased a house and then Sean Parker came and bought that house from her for a lot more money. I think it really does influence the price. People want to buy a celebrity house -- celebrities want to buy a celebrity house."
But even the celeb real estate market can take a hit from time to time. Michael Douglas and Catherine Zeta-Jones' Bedford, N.Y, estate sold for under the $8.1 million asking price, going for $7.5 million.
Faye Dunaway's West Hollywood duplex also took a price drop, (added comma) going from $1.75 million to $1.55 million.
Watch the video for more.
