Nick and Vanessa Lachey Cut Tarzana Asking Price by $500,000
Nick and Vanessa Lachey have lowered the asking price on their Tarzana, California, home by $500,000, to $7.6 million, according to Realtor.com. The reduction came one month after the couple first listed the property at $8.1 million in September.
The house sits at 4760 Amigo Avenue. People reported that the property has five bedrooms and nine bathrooms. The listing description from The Agency calls it a traditional East Coast-style estate built new in 2016. Mauricio Umansky and Craig Knizek are the listing agents.
The sale history matters for how the cut reads. The couple bought the property back from Naomi Osaka, and Robb Report reported that they paid $8 million for it. Realtor.com also reported in September that the Lacheys are leaving California.
Set against those figures, the new ask is roughly 5 percent below the reported purchase price of $8 million. The original $8.1 million list price sat about 1.25 percent above that figure, so the initial pricing left almost no room between the ask and what the couple had paid. The $500,000 cut is about 6.2 percent off the original ask.
For anyone who has not sold a home recently, the asking price and the sale price are different numbers. The ask is the seller's opening position. The price that changes hands depends on buyer demand, negotiation, and the terms of the contract. Sellers also pay transaction costs, the fees and commissions, typically including agent commissions and closing fees, that come out of the proceeds. A seller who nets less than the purchase price after those costs has a loss on the transaction, even if the house appreciated on paper during the years in between. The reported figures here are asking prices, so they describe the seller's stated position, not a completed sale.
The price history is more informative than the cut itself. A reduction one month into a listing is a move sellers often make when early interest or showings do not produce the offer they expected. It is also a standard way to reset a listing for a different buyer pool. The reporting does not establish which of those dynamics applies here, and the Lacheys' stated reasons for the move are not part of the record. What the figures do establish is a clear path: a list price set slightly above the purchase price, followed by a $500,000 reduction that brings the ask below what the couple paid.
Luxury property in Los Angeles-area markets trades on a longer timeline and with a smaller buyer pool than mainstream housing, so price adjustments of this size can take months to resolve.
In my view, the number to track is the closing price, which will be reported only once a transaction is complete. Until then, $7.6 million is the figure the sellers have chosen to put in front of buyers.
