Despite the improving luxury home market in Southern California, some celebrities have yet to find buyers and are adjusting their listing prices.
Among those loping off dollars is Sheryl Crow. The Grammy-winning singer listed her three-house compound in Hollywood Hills West at $15.95 million at the beginning of October and has since reduced it by $2 million. The new asking price of $13.95 million is a 12.5% cut.
The 11-acre property includes a Spanish Revival main house, a 1909 Craftsman, a cottage built in 1885, an infinity-style swimming pool and a pergola with a fireplace and barbecue.
Also lowering their sights are socialite Nicky Hilton, who has dropped the asking...