Studio City Real Estate Market Recap - Week Ending July 26, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 7/26/2015.  

Active Homes for Sale in Studio City: 103  (up from 101) - prices ranging from $715,000 to $4,900,000

  • Median price:  $1,795,000 (↑) 
  • Average days on market:  55 (↑) ;  average cost per foot:  $577 (↓)
  • 6 luxury homes for sale over $3,000,000 (down from 8 last week)
  • 39 price reductions (up from 34 last week)

Pending Home Sales: 53 (down from 55 last week)  - prices ranging from $450,000 to $3,495,000

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

12 Sold Listings (up from 10 last week):

  • Median Price: $1,564,500 (last week: $1,135,000 )
  • Average days on market:  40 (↓)
  • Average cost per foot:  $538 (↓)

12 Sold Listings Last Week in Studio City

4302 Teesdale. Studio City

Sales Price:  $2,500,000

Days on Market: 8

Cost per foot:  $690

5 beds/6 baths.  Sold before processing


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4226 Beeman Ave. Studio City

Sales Price:  $2,250,000

Days on Market: 31

Cost per foot:  $578

5 beds/6 baths. 2015 Nantucket / Cape Cod, several newly built custom homes on the street.  Kitchen with top of the line Sub-Zero and Wolf appliances.  All 5 bedrooms are suited. Crestron Smart Home, temperature controlled wine room.


3221 Oakdell Road. Studio City

Sales Price:  $2,210,000

Days on Market: 72

Cost per foot:  $564

4 beds/5 baths.   Fryman Estates almost totally rebuilt in 2007 w/ Pebble-Tec heated pool/spa.. Master suite has french doors to private patio. Outside entry room is separate with own entrance & bathroom. 


4137 Troost. Studio City

Sales Price:  $2,078,000

Days on Market: 41

Cost per foot:  $498

5 beds/6 baths.  Colfax Meadows, built in the late 1990s with updates.


3957 Eureka Drive. Studio City

Sales Price:  $1,950,000

Days on Market: 21

Cost per foot:  $433

5 beds/6 baths.  Mediterranean, newly built.   Media room, wine cellar, 4 fireplaces, gourmet cook's kitchen with 2 viking refrigerators, heated, pool and spa, large flat lot.


12532 Sarah. Studio City

Sales Price:  $1,679,000

Days on Market: 27

Cost per foot:  $533

5 beds/6 baths.   Single story home on a large corner lot. Features include two fireplaces, indoor/outdoor speakers, video security system,  pool bath/changing room, hardwood and tile floors in most rooms, and mature trees.  


11557 Sunshine Terrace. Studio City

Sales Price:  $1,450,000

Days on Market: 60

Cost per foot:  $539

4 beds/5 baths.  Turn key home south of the blvd in the Studio City Hills. Light and bright with 20 foot cathedral ceilings in the living room.  Master Suite downstairs Finished garage with 1/2 bath. Great views from each room.


12808 Halkirk. Studio City

Sales Price:  $1,400,000

Days on Market: 21

Cost per foot:  $382

5 beds/6 baths.    1930's Country English home fixer, the former residence of comedian Bud Abbott. Spacious rooms with high ceilings throughout. Large pool and spa.. Maid's room has a separate entrance. 


3622 Potosi, Studio City

Sales Price:  $1,140,000

Days on Market: 106

Cost per foot:  $540

4 beds/3 baths.  Studio City Hills Retreat with Canyon views! Remodeled with open floor plan. Downstairs master bedroom features canyon views, and large walk in closet. . Large two car finished garage.


4379 Farmdale. Studio City

Sales Price:  $1,100,000

Days on Market: 12

Cost per foot:  $877

2 beds/1 baths.  Built in 1927, with original charm & architectural details. Located in this highly sought after Colfax Meadows, Carpenter School, sold for land value. 


4537 Simpson Ave. Studio City

Sales Price:  $855,000

Days on Market: 70

Cost per foot:  $534

2 beds/1 baths.  Highlights:  character and charm, converted garage, spacious front yard with white picket fence, open floor plan, remodeled kitchen, pool, Colfax School District.


3608 Avenida del Sol. Studio City

Sales Price:  $801,000

Days on Market: 9

Cost per foot:  $533

2 beds/2 baths. Hilltop escape, mid-century architectural elements and great views of the canyon and surrounding hills.


6 New Listings Last Week in Studio City