Studio City Real Estate Market Recap - Week Ending 7/5/2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 7/5/2015.  

Active Homes for Sale in Studio City: 96 (up from 87) - prices ranging from $715,000 to $4,900,000

  • Median price:  $1,799,000 (↑)
  • Average days on market:  49 (↓) ;  average cost per foot:  $583 (↓)
  • 8 luxury homes for sale over $3,000,000

Pending Home Sales: 55 (down from 59)  - prices ranging from $450,000 to $3,395,000

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

10 Sold Listings (down from 8 last week):

  • Median Price: $1,486,250 (last week: $1,027,500 )
  • Average days on market:  61 (↑)
  • Average cost per foot:  $582(↑)

10 Sold Listings Last Week in Studio City

12040 Laurel Lane. Studio City

Sales Price:  $740,000

Days on Market: 70

Cost per foot:  $784

2 beds/1 bath. Home is on a charming cul-de-sac south of the Blvd. This is an ideal home for an investor looking for prime location property to flip or a family looking for walking distance to award-winning Carpenter Community Charter Elementary school. 


12600 Rye, Studio City

Sales Price:  $1,030,000

Days on Market: 70

Cost per foot:  $664

3 beds/2 baths. Mid-century home with contemporary improvements accented by period details. Glass bi-fold doors extend onto an expansive original stone patio, adjacent yard and pergola offer a  hotel-spa inspired ambiance, and are surrounded by an Indonesian Ironwood fence. The property is pleasantly landscaped with water-conscious plants in both the front and back. 


4037 Coldwater Canyon, Studio City

Sales Price:  $1,250,000

Days on Market: 42

Cost per foot:  $634

3 beds/3 baths. Turnkey East Coast traditional, rich in privacy and character, with pool, spa, fire pit, botanical flowers and gardens. Recent upgrades include walk in closet in the master, newly done master bathroom, new plumbing, fencing, driveway/pathway, outdoor deck and patio. 


4257 Shadyglade, Studio City

Sales Price:  $1,250,000

Days on Market: 80

Cost per foot:  $604

3 beds/2 baths. Charming pool home in the Carpenter School District. Located in the sought after Footbridge Square neighborhood of Studio City, this updated one story home perfectly blends the traditional Mellenthin like design with a modern flair.  Corner lot, an ideal lay-out for entertaining. The expansive Great Room boasts high ceilings and offers an abundance of light with floor to ceiling windows that overlook the backyard with pool, lush yard and private patio. 


4060 Kraft. Studio City

Sales Price:  $1,435,000

Days on Market: 56

Cost per foot:  $394

3 beds/4 baths. Dramatic exterior styling is a fitting introduction to the contrasting contemporary inside. The interiors feature elements of fine artistic design, flowing simplicity with intelligent form & function. Ceilings are geometrical; walls are curved. 1,300 square foot master suite with vaulted ceilings, double-sided fireplace, sitting room, private office, & skylit bath. Carpenter Charter School District & moments from major studios &  Tujunga Village.


3136 Dona Marta, Studio City

Sales Price:  $1,537,500

Days on Market: 32

Cost per foot:  $618

4 beds/3 baths.  Spacious, light and bright with an easy modern feel.  Excellent floor plan with indoor/outdoor flow. Fleetwood doors and windows look out to picturesque outdoor area with sparkling pool, palm trees and bamboo stand. Split level backyard has upper level garden with zen feel, fire pit and valley views. Large en suite master with view and beautifully remodeled designer master bathroom. Gorgeous dark parquet floors throughout. Desirable Carpenter School District.


3942 Eureka Drive, Studio City

Sales Price:  $1,675,000

Days on Market: 147

Cost per foot:  $497

4 beds/4 baths. Newly constructed with soaring high ceiling, great room (could be media room) with views of hills, living room with views of trees, formal dining area and a chef's kitchen with views of a stupendous back yard.. Bonus room used now as a home office / Studio (with separate entrance) and a large storage area, pool & spa with water falls and water jets, electronically controlled lights display and a large sitting area. Hi-tech cable, video & surveillance camera.


4228 Farmdale, Studio City

Sales Price:  $2,008,750

Days on Market: 

Cost per foot:  $

5 beds/5 baths. Custom-built 2010 East Coast Traditional in Colfax Meadows, and in the coveted Carpenter Charter School District. Ceilings soar; sunlit rooms are in perfect scale. Glass French doors provide seamless access from the indoors to the out & open to the terrace & sparkling pool. Five en-suite bedrooms including a magnificent master.


12621 Sarah, Studio City

Sales Price:  $2,575,000

Days on Market: 23

Cost per foot:  $523

5 beds/7 baths. Stunning two-story custom traditional home with contemporary touch. Approx. 5,000 sq. ft. home on a wide lot with over 11,000 sq. ft. Open and spacious floor plan with a courtyard and covered patio. Downstairs guest room with its own bath. All upstairs bedrooms with their own bathroom and walk-in closet, upstairs family room with pitched high ceilings.  Detached cabana/outside living with a bathroom. 


10894 Willowcrest Place, Studio City

Sales Price:  $3,400,000

Days on Market: 26

Cost per foot:  $849

5 beds/6 baths. Completely remodeled to the studs in 2015. New Cape Cod/Transitional Mini Estate is a beautifully appointed, artistic, creative wonderland inside and out. The home sits on 2/3 acre of landscaped grounds and views from every level. This private, gated home sits at the end of a quiet cul-de-sac secured by perimeter fencing, outdoor kitchen, dining, multi level water feature, huge pool, spa, day beds, fire pit and an entertainer's lanai. 


3 New Listings Last Week in Studio City