Celebrity Real Estate: Katy Perry, Reese Witherspoon & Leonardo DiCaprio

John Mayer’s main squeeze, Katy Perry, has finally sold her Hollywood Hills house, but it was more of a whisper than a roar. According to the Los Angeles Times, Perry nabbed $5.565 million for the Mediterranean-style house – about $1 million less than she paid back in 2011, when she was in the midst of her ultimately unsustainable marriage to Russell Brand.

Perry has a new place in Hollywood Hills. She bought three properties to create her own custom compound in May 2013.

Hollywood Hills is clearly the place for celebrity residents-- or at least Perry. Want to be the pop singer's neighbor? Check out Hollywood Hills homes currently on the market -- you can even try looking for the most affordable homes in the Hills.

The wolves of real estate took a bite out of the equity Leonardo DiCaprio was trying to recoup from his home at 23736 Malibu Colony Rd.

Originally listed for sale for $23 million, DiCaprio tried riding out the bumpy real estate recovery by renting his compound for as much as $75,000 and $115,000 a month. Malibu real estate is pretty hot, however. Current median home values hit at $2,190,300 and many of the beachfront homes for sale are priced over that.

However, once the sizzling summer rental season was over, Leo relisted the property with a $4.1 million price cut before “The Wolf of Wall Street” star accepted $17.35 million in December. With his home base now in Manhattan, where he lives in an eco-friendly pad in Battery Park, DiCaprio has put Los Angeles in his rearview mirror – for now.

Reese Witherspoon, wound up accepting less than half of the $10 million she originally asked for her Ojai ranch. The Tennessee native had slashed the list price several times ($10M; $8.9M; $7.25M and $5.9M) before settling on a bid of $4,983,500. That’s even less than Witherspoon paid for the 7-acre ranch back in 2008, when she bought it from designer Kathy Ireland for $5.8 million.

It's not that Ojai doesn't have an appealing real estate market; many celebrities have previously and currently, called the area home. John Krasinski and Emily Blunt bought a home there in October 2012 — and it was rumored that Robert Pattinson hid out at Witherspoon’s ranch to avoid the paparazzi after he broke it off with Kristen Stewart.