Biggest Celebrity Home Price Cuts

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Courtesy of Luxist

Stars Not Immune to Slow Market

Even the rich and famous are not immune to the battered real estate market, as celebrity after celebrity is forced to lower his or her asking price. Nicolas Cage has had to cut the price on one of his homes by $17.5 million, and former football standout Brian Bosworth has trimmed the asking price on his Malibu home (pictured) by $5 million, click through our gallery to see which stars are taking the biggest hits in today's housing slowdown.

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Los Angeles Market

Number of homes for sale12708
Number of sales last month318
Average market value$493,281
Average list price$539,976
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Los Angeles Demographics

Population Density8,388
Household Median Income$42,529
Households1,313,785
Cost Of Living131
Comfort Index46
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Middle School145
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