Ellen DeGeneres cleans up on sale of Santa Barbara home


The real estate market might be soft as over a million homeowners face the prospect of default, but we can all take comfort in this bit of news: Ellen DeGeneres has sold her Santa Barbara estate for $20 million -- 27% more than she paid just one year ago.

That kind of return is reminiscent of the heady days of the bubble. Santa Barbara real estate sales fell 40% this past October from a year earlier, according to the Wall Street Journal. Median prices fell 9.2%, according to research firm DataQuick. But Santa Barbara has been a bright spot, with sales up 25%. The median price of a home in Santa Barbara is an astounding $1.28 million.

Congratulations to Ms. DeGeneres for her investment savvy. Recently, Sarah Gilbert wrote about Kelsey Grammar's real estate speculation forays on our sister blog, Luxist.

If following the real estate deals of celebrities is something that interests you, the frequently-updated Big Time Listing Blog should keep you happy.

Reader Comments (Page 1 of 3)

Symbol Lookup
IndexesChangePrice
DJIA-1.6712,502.81
NASDAQ-8.132,839.08
S&P 500+0.641,316.63

Last updated: May 22, 2012: 08:36 PM

Hot Stocks

General Electric

19.18+0.06(+0.31)

Alcoa

8.49-0.11(-1.28)

Apple Inc

556.97-4.31(-0.77)

Google Inc 'A'

600.80-13.31(-2.17)

Bank of America

6.98+0.15(+2.20)

Wal-Mart Stores

63.73+0.69(+1.09)

Exxon Mobil Corp

81.95-0.09(-0.11)

Ford

10.19-0.01(-0.10)

Citigroup

26.92+0.67(+2.55)

IBM

196.82-0.94(-0.48)

Yahoo

15.29-0.29(-1.86)

Starbucks

53.37-0.33(-0.61)

Microsoft

29.76+0.01(+0.03)

Home Depot

48.26+0.65(+1.37)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1337733391982 ms.