Studio City Real Estate Market Recap - Week Ending May 3, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 5/3/2015.  

Active Homes for Sale in Studio City: 77 (up from 65) - prices ranging from $699,000 to $6,000,000

  • Median price:  $1,799,000 (↑)
  • Average days on market:  42() ;  average cost per foot:  $588 ()
  • 6 luxury homes for sale over $3,000,000; average cost per foot: $821 (), average days on market: 66 (↑)
  • 17 homes for sale from $2 to $3 million - average cost per foot - $629 (), average days on market:  47 ()

Pending Home Sales:  55 (up from 53)  - prices ranging from $399,000 to $3,942,000

  • Average cost per foot on pending home sales:  $535 ()
  • Average days on market on pending homes: 53 (↓)

11 Sold Listings (up from 6 last week):

  • Median Price: $965,000 (↓)
  • Average days on market:  73  (↑)
  • Average cost per foot:  $507 (↓)

3804 Carpenter, Studio City

Sales Price:  $1,525,000

Days on Market:  9

Cost per foot:  $438

4 beds/4 baths.   On a tree lined street where Carpenter Avenue meets Sunshine Terrace and within walking distance to restaurants, shopping, major studios & Carpenter Ave. Elementary School. Once the home of a famous Emmy Award Winning Hollywood Costumer.


3195 Dona Mema Place, Studio City

Sales Price:  $1,425,000

Days on Market: 299

Cost per foot:  $557

4 beds/3 baths.  At the end of a cul-de-sac, q remodeled, mid century in the Donas streets of the Studio City hills. Private large backyard with pool, fruit trees and flat grounds. Great for entertaining with easy indoor/outdoor open access from most rooms and view of the valley & mountains. 


11349 Canton Place, Studio City

Sales Price:  $1,250,000

Days on Market: 36

Cost per foot:  $662

3 beds/3 baths.   Secluded and private one story Midcentury just minutes from Ventura Blvd. The sunlit and bright house is perfect for indoor/outdoor California living with a pool and backyard surrounded by mature oak trees and lush vegetation. 


4421 Simpson Ave, Studio City

Sales Price:  $1,070,000

Days on Market:  58

Cost per foot:  $357

4 beds/4 baths.  Gated entry leads to a tranquil patio with plenty of room for entertaining. The main level offers a spacious kitchen, dining area, living room with soaring ceilings, fireplace and nook, den/office, laundry, 2 full bathrooms and a large bedroom with its own private entrance. The back yard features pool, spa, and patio with shaded area perfect for outdoor dining. 2 car covered carport with room for 4 additional cars in the driveway.


11744 Sunshine Terrace, Studio City

Sales Price:  $1,000,000

Days on Market: 57

Cost per foot:  $569

3 beds/2 baths. South of the Boulevard in the heart of Studio City. 2 story Cape Cod style house that has been very well maintained. Great curb appeal with water tolerant landscaping throughout the property.  Close to Ventura Blvd and Laurel Canyon for easy access to the Westside. Carpenter School District. 


11661 Laurelwood Drive, Studio City

Sales Price:  $965,000

Days on Market:  61

Cost per foot:  n/a

3 beds/3 baths.   Sweeping, panoramic views abound in this South of the Boulevard traditional home tucked into this Studio City hills quiet neighborhood. Great entertaining layout. Near coveted Carpenter school, Ventura Blvd's restaurants and shops, Fryman hiking trails, views from every room.


4435 Ethel Ave, Studio City

Sales Price:  $925,000

Days on Market:  125

Cost per foot:  $480

3 beds/2 baths.  New remodeled kitchen, and a pool, there is some upgrading and remodeling needed. This has an 8100 sq foot lot and over 1900 square feet of living space. 


4295 Bakman Ave, Studio City

Sales Price:  $915,000

Days on Market: 0

Cost per foot:  $597

2 beds/1 baths.  Sold before processing.


11671 Sunshine Terrace, Studio City

Sales Price:  $846,000

Days on Market:  99

Cost per foot:  $542

3 beds/2 baths.  South of the Blvd Remodeled home. It is located in a great location, just minutes away from shops, restaurants, and famous LA attractions. In the Carpenter School District. Home has been updated from top-to-bottom. 


11433 Laurelcrest Drive, Studio City

Sales Price:  $750,000

Days on Market:  5

Cost per foot:  $528

1 beds/1 bath. Cottage in the Hills of Studio City, almost 15,000 square feet of land with views, all downslope, sold for land value only.


3920 Blue Canyon Drive, Studio City

Sales Price:  $735,000

Days on Market:  42

Cost per foot:  n/a

3 beds/2 baths.   Great opportunity for owners, builders or developers to remodel this character 50's traditional home on large sized lot. House is a fixer. Property is sold in AS IS condition. Wonderful potential. Least expensive house South of Blvd. Walking distance to all that Studio City has to offer.