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Avril Lavigne Cuts Price of House

Thursday February 07, 2008 09:45 AM EST

Avril Lavigne

David Livingston/Getty

Avril Lavigne apparently is as affected as much as anybody by the downturn in the housing market.

After two deals fell through, reports Forbes.com, the rocker, 23, has marked down the price for her Beverly Hills mansion, to $5.8 million.

The original price tag a year ago was $6.9 million.

The home is inside a gated community at the top of Mulholland in the Hollywood Hills, with a pool and tennis court on the grounds.
– Stephen M. Silverman