Studio City Real Estate Market Recap - Week Ending November 8, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 11/8/2015.  

Active Homes for Sale in Studio City: 97 (up from 96 last week) - prices ranging from $725,000 to $6,500,000

  • Median price:  $1,699,000 
  • Average days on market: 65;  average cost per foot:  $568 
  • 29 homes for sale over $2,000,000
  • 43 price reductions (up from 41 last week)

Pending Home Sales: 58 (53 last week)  - prices ranging from $750,000 to $2,995,000

  • 8 new pending sales last week (down from 15 last week)

4 Sold Listings (down from 5 last week):

  • Median Price: $1,472,000  (last week: $1,175,000)
  • Average days on market:  44 
  • Average cost per foot:  $642 (↑)

7 Sold Listings Last Week in Studio City

12121 Viewcrest Road, Studio City

Sales Price:  $1,000,000

Days on Market: 48

Cost per foot:  $574

Square feet: 1743;  Beds 3/Baths 2

Special Notes: Developer's lot in the Silver Triangle.


11323 Valley Spring Lane, Studio City

Sales Price:  $1,000,000

Days on Market: 55

Cost per foot:  $593

Square feet: 1687;  Beds 3/Baths 2

Special Notes: Remodeled 1930's Traditional.  East of Tujunga Village.


4009 Coldwater Canyon, Studio City

Sales Price:  $1,075,000

Days on Market: 54

Cost per foot:  $470

Square feet: 2286;  Beds 3/Baths 3

Special Notes:  South of the Boulevard, set far back off the street.


4505 Morse Ave, Studio City

Sales Price:  $1,375,000

Days on Market: 7

Cost per foot:  $592

Square feet: 2323;  Beds 3/Baths 3

Special Notes: Corner lot, great neighborhood, single story home.


4324 Farmdale Ave, Studio City

Sales Price:  $1,750,000

Days on Market: 53

Cost per foot:  $467

Square feet: 3746;  Beds 5/Baths 5

Special Notes: 2006 East Coast Traditional in the coveted enclave of Colfax Meadows, designed by renowned LA based architect Richard Olander.


4545 Van Noord, Studio City

Sales Price:  $1,957,000

Days on Market: 69

Cost per foot:  $529

Square feet: 3701;  Beds 5/Baths 5

Special Notes: Brand-new two-story smart home with a spacious floor plan and graceful open staircase in the center of the home. All five bedrooms are en suite.


11920 Laurel Hills Road, Studio City

Sales Price:  $2,500,000

Days on Market: 314

Cost per foot:  $728

Square feet: 3432;  Beds 4/Baths 5

Special Notes: 1951 Mid-Century on large flat lot with tennis court and pool.


12 New Listings Last Week in Studio City