Studio City Real Estate Market Recap - Week Ending October 4, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 10/4/2015.  

Active Homes for Sale in Studio City: 94 (down from 105 last week) - prices ranging from $824,500 to $6,750,000

  • Median price:  $1,724,000 (↑) 
  • Average days on market: 64;  average cost per foot:  $578 (↓)
  • 5  homes for sale over $3,000,000 (7 last week)
  • 43 price reductions (46 last week)

Pending Home Sales: 42 (same as last week)  - prices ranging from $715,000 to $2,999,000

  • 7 new pending sales last week (same as last week)

6 Sold Listings (up from 5 last week):

  • Median Price: $1,460,000  (last week:  $1,942,500)
  • Average days on market:  47 (↓)
  • Average cost per foot:  $546 (↑)

6 Sold Listings Last Week in Studio City

13046 Ventura Blvd, Studio City

Sales Price:  $2,475,000

Days on Market: 82

Cost per foot:  $516

Square feet: 4800;  Beds 6/Baths 4

Special Notes:  "Modern Traditional" of :little Ventura".  Completely redone with many features.


11363 Dona Teresa, Studio City

Sales Price:  $1,880,000

Days on Market: 21

Cost per foot:  $522

Square feet: 3600;   Beds 5/Baths 4

Special Notes:  Private with great natural light in the Donas.  Indoor/outdoor flow; new systems.


3840 Alta Mesa  Drive, Studio City

Sales Price:  $1,520,000

Days on Market: 86

Cost per foot:  $687

Square feet: 2214;   Beds 3/Baths 3

Special Notes:  Architectural Modern with great views.  High ceilings. wood floors open concept home.


3325 Canton Way, Studio City

Sales Price:  $1,400,000

Days on Market: 41

Cost per foot:  $539

Square feet: 2596   Beds 4/Baths 3

Special Notes:  Mediterranean with high end features, and great backyard with pool, spa, and fireplace.


4085 Elmer, Studio City

Sales Price:  $1,390,000

Days on Market: 5

Cost per foot:  $622

Square feet: 2234  Beds 4/Baths 3

Special Notes:  Cul-de-sac home, Mid-Century Modern recently redone and remodeled by noted designer. Near Woodbridge Park and Tujunga Village.


12657 Kling, Studio City

Sales Price:  $890,000

Days on Market: 47

Cost per foot:  $431

Square feet: 2067  Beds 3/Baths 2

Special Notes:  First time on the market, huge flat lot, fixer in need of updating.  Very private.


11 New Listings Last Week in Studio City