Studio City Real Estate Market Recap - Week Ending 7/19/15

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 7/19/2015.  

Active Homes for Sale in Studio City: 101  (up from 98) - prices ranging from $715,000 to $4,900,000

  • Median price:  $1,750,000 (↓) 
  • Average days on market:  51 (↑) ;  average cost per foot:  $584 (↓)
  • 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

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

10 Sold Listings (up from 7 last week):

  • Median Price: $1,135,000 (last week: $1,135,000 )
  • Average days on market:  54 (↓)
  • Average cost per foot:  $589 (↓)

10 Sold Listings Last Week in Studio City

4458 Radford Ave. Studio City

Sales Price:  $2,800,00

Days on Market: 65

Cost per foot:  $559

5 beds/6 baths.  2015 custom built home designed by Arzuman Brothers, filled with rich details throughout and offers wainscoting, 9 ft custom doors, built-ins, custom hardwood flooring and cathedral-vaulted ceilings. A gourmet kitchen is fit with luxurious Wolf & Subzero appliances & breakfast bar. The large and bright family room includes a grand fireplace and direct access to the outdoor terrace. Fully functioning covered outdoor patio & living area with surround sound and a pool and spa.

11180 Valley Spring Place. Studio City

Sales Price:  $2,200,000

Days on Market: 59

Cost per foot:  $511

4 beds/4 baths.  Completely remodeled and enlarged home is sited on a private street.  Dark hardwood floors, a large formal dining room, roomy family room & an expansive living room with glass French doors opening to a grand backyard. Classic kitchen design,  large walk-in pantry, & center island. Kitchen opens to the spacious covered outdoor patio perfect for entertaining & outdoor dining. All of the bedrooms feat giant walk-in closets.

10735 Wrightwood Lane. Studio City

Sales Price:  $1,510,000

Days on Market: 17

Cost per foot:  $662

4 beds/3 baths.  Gated & Private Wrightwood Estates Mid-Century Retreat on over 1/2 acre with landscaped grounds a spacious pool & spa, lounging deck, dining patios, fountains, and grassy yard. Sliding glass doors seamlessly interconnect the indoor & outdoor living spaces. Pitched beam ceilings, skylights, built-ins & Maple floors.

3816 Laurel Canyon Blvd. Studio City

Sales Price:  $1,450,000

Days on Market: 54

Cost per foot:  $678

3 beds/3 baths.   First time on market in over 50 years, South of Ventura Boulevard on a completely flat 25,000 lot,  Gated private driveway leads to retreat with unlimited potential to renovate or build the home of your dreams. Located in the coveted Carpenter Charter School District:, and moments from Fryman hiking trails, and all the shops of Ventura Blvd.  

10816 Whipple St. Studio City

Sales Price:  $1,370,000

Days on Market: 97

Cost per foot:  $424

5 beds/3 baths.  Remodeled 3230 square foot home sits on an large lot with lush green gardens & trees and large pool. Open floor plan, master bedroom located on main level, guest house with 1 bed + 1 bath & kitchenette. 

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13038 DIckens St. Studio City

Sales Price:  $1,301,000

Days on Market: 5

Cost per foot:  $630

2 beds/2 baths.  Charming traditional home on tree-lined street, South of Ventura Blvd. Formal living room with crown molding, plantation shutters, fireplace & wood floors, and recessed lighting. Larger gourmet kitchen, stone tile floors throughout kitchen, breakfast area, & family room. Spacious master bedroom retreat has updated, luxurious bath with rain shower, spa tub & French doors leading to backyard Finished garage converted into sizable room with vaulted ceilings, recessed lighting, & wood-like floors. Private backyard has covered patio & pool/spa.

4132 Wilkinson. Studio City

Sales Price:  $1,296,750

Days on Market: 92

Cost per foot:  $528

4 beds/4 bath. Redone 2 Story home in Studio City. Home features open floor plan as you enter into the formal living and dining room with fireplace. Spacious kitchen. Master suite along with guest bedroom.

12344 Cantura. Studio City

Sales Price:  $1,250,000

Days on Market: 0

Cost per foot:  $780

2 beds/1 bath.  Sold for land value.

12124 Cantura St. Studio City

Sales Price:  $1,085,000

Days on Market: 139

Cost per foot:  $942

2 beds/1 bath.  Situated in an extremely desirable tree-lined neighborhood and remodel or completely new home. 

4424 Van Noord. Studio City

Sales Price:  $825,000

Days on Market: 15

Cost per foot:  $598

3 beds/2 baths.  Sold for land value.

16 New Listings Last Week in Studio City