Studio City Real Estate Market Recap - Week Ending 7/12/15

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 7/12/2015.  

Active Homes for Sale in Studio City: 98 (up from 96) - prices ranging from $715,000 to $4,900,000

  • Median price:  $1,799,000 
  • Average days on market:  47 (↓) ;  average cost per foot:  $586 (↑)
  • 8 luxury homes for sale over $3,000,000
  • 34 price reductions

Pending Home Sales: 55 (same as last week)  - prices ranging from $450,000 to $3,000,000

  • 11 new pending sales last week (9 last week)

7 Sold Listings (down from 10 last week):

  • Median Price: $1,135,000 (last week: $1,486,250 )
  • Average days on market:  60 (↓)
  • Average cost per foot:  $616 (↑)

7 Sold Listings Last Week in Studio City

11927 Ashdale Lane. Studio City

Sales Price:  $3,225,000

Days on Market: 42

Cost per foot:  $964

4 beds/3 bath. Architect to the Stars, Edward H. Fickett, FAIA, Mid-Century Modern home in Fryman Canyon Estate. Complete renovation with only the finest natural materials.  Glass doors give way to complete indoor/outdoor living. Salt water Pebble Tec pool & spa, outdoor shower, fireplace, & Viking BBQ, close to Fryman canyon walking trails.

11570 Dilling. Studio City

Sales Price:  $1,790,000

Days on Market: 0

Cost per foot:  $602

2 beds/2 bath.  23,000+ lot and pool in Colfax Meadows.

11725 Laurelcrest Drive. Studio City

Sales Price:  $1,325,000

Days on Market: 43

Cost per foot:  $693

3 beds/4 bath.  Gated, private and tranquil in the canyon, a traditional in the Hills of Studio City.  Lots of pathways and large trees, an oasis for someone who wants a home on a large flat plot in the hills with great light and wonderful views. Outdoor space also includes deck area with picnic table and BBQ area, large grassy areas as well as peaceful pathways to walk around the property. 

12437 Hortense. Studio City

Sales Price:  $1,135,000

Days on Market: 53

Cost per foot:  $519

3 beds/3 bath. Turnkey home with an open floor plan and excellent flow from the kitchen, living room and den  to the patio and pool. Master suite complete with ample closet space, and a newly done master bath.  Resurfaced  pool with pebblecrete and flagstone and surrounded by lush landscaping. 

4676 Laurelgrove. Studio City

Sales Price:  $1,110,000

Days on Market: 203

Cost per foot:  $403

4 beds/3 bath.  California Ranch Home in Prime Studio City, with an incredible  back yard that feels like a resort.  11,000+ square foot lot - the entire property is very private and oozes with charm & character, and is gated with circular drive and a large motor court! Spacious open floor plan with hardwood floors,  Spanish tile and Venetian plaster walls and stylish archways. 

3702 Willowcrest. Studio City

Sales Price:  $892,000

Days on Market: 48

Cost per foot:  $511

3 beds/2 bath. Original owner. Mid-Century Ranch corner lot. New paint, new landscaping and redone wood floors. Open and bright living and dining rooms with wood floors and fireplace. Kitchen with stainless Viking oven and microwave plus beautiful wood cabinets; just off the kitchen is a large bonus room. 

4458 St Clair. Studio City

Sales Price:  $888,540

Days on Market: 29

Cost per foot:  $589

3 beds/3 bath. 1930's Spanish with hardwood and paver flooring throughout, French doors leading to the yard and gardens. Kitchen includes a breakfast room and separate laundry area. Great master bedroom suite with large walk-in closet, sitting area, fireplace and glass doors that open to a patio. 

26 New Listings Last Week in Studio City