Today's post explores the top 5 most expensive cities and why their living costs are so high.

We're highlighting our property of the week from our friends at LeverageRE. Crowning a hilltop in Palos Verdes, an enchanting estate soaks in sea air and unobstructed panoramic views.

Paul Pierce is selling his Mediterranean in Calabasas for $11M. The expat Celtic turned ESPN analyst bought the 16,000 square-foot estate in 2009, three years after it was built.

Sam Worthington re-listed his property for $9.5M.

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Seth Rogen listed his longtime home at the beginning of last month, and it already has a pending offer. Built in 1923, the asking price for the Spanish-style bungalow is set at $2,125,000, $1.65M in 2006. Rogan stands to reap $360,000 in profit.

Jason Statham initially listed his fixer-upper in the Bird Streets of L.A. for $6.995M. We see his clout did nothing to improve the price; he realized, which is why we see a price cut eight months after the first listing.

Nicole Scherzinger has listed her LA home for $7,995,000. After five years, she's ready to let go of the four-and-four Desert Contemporary.

Ashton Kutcher and Mila Kunis still selling one of their extravagant properties in California.

Ellen DeGeneres and Portia de Rossi are listing a new property in Montecito, CA.

 

Justin and Hailey are looking to let go of their $9M mansion in Beverly Hills.

Gene Simmons has listed his Beverly Hills home for $22M.

Chelsea Handler has listed her Bel-Air property for $10.5 million.

Seth Rogen's LA home is on the market!

Katy Perry's additional home has been listed recently for $8M. ?