Studio City Real Estate Market Recap - Week Ending November 29, 2015

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A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 11/29/2015.  

Active Homes for Sale in Studio City: 76 (down from 87 last week) - prices ranging from $799,000 to $6,500,000

  • Median price:  $1,699,000 
  • Average days on market: 74 (↑);  average cost per foot:  $588 (↑) 
  • 27 homes for sale over $2,000,000
  • 42 price reductions (down from 43 last week)

Pending Home Sales: 46 (55 last week)  - prices ranging from $600,000 to $2,995,000

  • 3 new pending sales last week (down from 8  last week)

8 Sold Listings (down from 11 last week):

  • Median Price: $1,539,750  (last week: $1,200,000 )
  • Average days on market:  99  (↑)
  • Average cost per foot:  $541

8 Sold Listings Last Week in Studio City

3768 Berry Drive, Studio City

Sales Price:  $3,995,000

Days on Market: 28

Cost per foot:  $714

Square feet: 5598;  Beds 4/Baths 6

Special Notes: This 2015 gated and private contemporary masterpiece in the Studio City hills and offering 16 foot ceilings, 4 bedrooms + media room, home gym, zero edge cascading salt water pool and spa, 5.5 bathrooms and great views of Studio City and mountains. Internationally recognized architect and design team Santiago Dieppa.

12431 Landale, Studio City

Sales Price:  $2,249,999

Days on Market: 111

Cost per foot:  $536

Square feet: 4195;  Beds 5/Baths 6

Special Notes: Newly constructed luxury home is positioned at the end of a cul-de-sac located near Ventura Blvd., LA River Walk, Weddington Golf Course, Beeman Park, 101 Freeway and more. Designed by well-known D-Design Company, this home features energy saving Nest climate controls, iPad docking systems, high quality Novu surround sound, Homewell touch screen home security system, Lutron Wireless lighting controls, complete Hikvision HD CCTV system and is pre-wired for future home automation and networking, built-in BBQ area and large Baja style salt-water pool and spa. 

3169 Dona Emelia, Studio City

Sales Price:  $1,850,000

Days on Market: 90

Cost per foot:  $681

Square feet: 2717;  Beds 4/Baths 5

Special Notes:  Immaculate remodel of a mid-century modern one story residence on outstanding view lot. No expense spared in selection of materials, fixtures and finishes for the most discriminating and sophisticated buyer. Seamless indoor-outdoor flow through top-of-the-line doors that fold open and lead to a gorgeous patio, spa and outdoor kitchen.

4313 Kraft, Studio City

Sales Price:  $1,742,500

Days on Market: 65

Cost per foot:  $478

Square feet: 3642;  Beds 4/Baths 4

Special Notes: : 2006 Traditional with attention to detail & high craftsmanship are evident throughout. Designed for both the formal & informal entertainer, the sunlit open floor plan flows with an easy elegance. The kitchen is an open concept culinary dream center fully appointed with with Teak countertops, Poggenpohl cabinetry, Viking Professional range, wine refrigeration & center island & breakfast bar. Glass French doors off the great room open to a beautifully landscaped backyard.

11690 Laurelcrest Drive, Studio City

Sales Price:  $1,337,500

Days on Market: 105

Cost per foot:  $397

Square feet: 3371;  Beds 5/Baths 5

Special Notes: This Studio City home boasts stunning panoramic valley views from the outside balconies. French doors in the breakfast room open to a long patio the entire width of the home. The family room offers a 2nd fireplace, and french doors out to a patio overlooking the flat side yard featuring a big gas fire pit and seating area as well as a large spa and waterfall. A second master suite has its own ensuite bath. A bonus room on the garage level may make a ideal office or gym, studio or teenagers pad.

3197 Dona Mema Place, Studio City

Sales Price:  $1,325,000

Days on Market: 224

Cost per foot:  $502

Square feet: 2639;  Beds 4/Baths 3

Special Notes:  Cul-de-sac home in the desirable hills of Studio City, remodeled and light and bright throughout. Double door entry to elegant open floor plan and view to luxurious backyard & pool. Family room with entertainment center, wet bar with marble counter & French doors to back yard with view, surrounded by a forest of privacy. 

4100 Bakman Ave, Studio City

Sales Price:  $1,219,000

Days on Market: 33

Cost per foot:  $532

Square feet: 2290;  Beds 3/Baths 3

Special Notes: Light and bright Studio City pool home, features a two story foyer, gleaming hardwood floors, and cozy family room complete with fireplace. The dining room, kitchen and family room all lead out to the back yard for  indoor/outdoor flow and recently installed solar electric panels. 

4143 Wilkinson, Studio City

Sales Price:  $810,000

Days on Market: 133

Cost per foot:  $484

Square feet: 1673;  Beds 3/Baths 2

Special Notes: Charming One Story Studio City Home Located in Desirable Footbridge Square - Classic Traditional Spanish home. This Home is Walking Distance to Ventura Blvd , Shops, Restaurants and the Award Winning Carpenter School and Studios. First time on the market since 1954

3 New Listings Last Week in Studio City