Studio City Real Estate Market Recap - Week Ending August 2, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 8/2/2015.  

Active Homes for Sale in Studio City: 96  (down from 103) - prices ranging from $844,900 to $4,900,000

  • Median price:  $1,737,500 (↓) 
  • Average days on market:  53 (↓) ;  average cost per foot:  $575 (↓)
  • 6 luxury homes for sale over $3,000,000 (same as last week)
  • 34 price reductions (down from 39 last week)

Pending Home Sales: 48 (down from 53 last week)  - prices ranging from $450,000 to $3,495,000

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

7 Sold Listings (down from 12 last week):

  • Median Price: $1,086,000  (last week: $1,564,500 )
  • Average days on market:  32 (↓)
  • Average cost per foot:  $681 (↑)

7 Sold Listings Last Week in Studio City

12137 Cantura. Studio City

Sales Price:  $2,065,000

Days on Market: 49

Cost per foot:  $673

4 beds/4 baths.  East Coast traditional on one of the most coveted tree lined streets in the Silver Triangle and within the Carpenter Charter school district. Rebuilt in 2011. Separate structure /pool house, bath, bar area and garage encasing a private backyard designed for entertaining. Fabulous Master Suite with walk-in closet, pitched bead board ceiling and sumptuous bath opens to pool area. 

Tujunga Village

4065 Kraft, Studio City

Sales Price:  $1,755,000

Days on Market: 32

Cost per foot:  $715

 4 beds/3 baths. Located in Colfax Meadows, what LA Magazine named, One of the Ten Best Neighborhoods in LA, in the Carpenter Charter School District. Recipient of the highest ranking honor of Platinum Certification given by LEED: Leaders in Energy & Environmental Design. Architectural with mid century modernism with the ultimate in sustainability; a showcase for high end design & future technology.  Outdoor & indoor living merge seamlessly,  solar panels, significantly diminished energy & water usage, & superb overall function. 

Studio City Real Estate

3479 Berry Drive. Studio City

Sales Price:  $1,691,000

Days on Market: 46

Cost per foot:  n/a

3 beds/3 baths.  New Orleans Style private gated retreat, beautifully set in a peaceful woodsy setting on a huge lot. Guesthouse over  garage approximately 400 square feet. Floor plan features a fabulous gourmet kitchen with top of the line appliances; light filled living spaces and original architectural details. Sparkling pool, patios, balconies, and winding paths.on the property. 

4528 Morse. Studio City

Sales Price:  $1,086,000

Days on Market: 46

Cost per foot:  $592

3 beds/3 baths. 1940s ranch home beautifully remodeled and expanded for today's lifestyle. Master suite has its own large bath and his and hers closets. 290 sq. ft. converted garage has abundant additional storage. The backyard has mature landscaping, fruit trees,  large grassy area and a large patio with pagoda.

4214 Bakman. Studio City

Sales Price:  $1,010,000

Days on Market: 7

Cost per foot:  $734

3 beds/2 baths. Charming traditional on a quiet, tree-lined street.. Light and bright living room features beautiful hardwood floors, wood beamed ceilings and a cozy fireplace. Detached bonus room overlooks a sparkling pool and an expansive backyard, and features hardwood floors and a focal point brick fireplace.

4508 Ethel Ave. Studio City

Sales Price:  $850,000

Days on Market: 0

Cost per foot:  $726

2 beds/1 baths. Sold prior to processing.

4339 Wilkinson. Studio City

Sales Price:  $775,000

Days on Market: 43

Cost per foot:  $665

2 beds/1 baths. Fixer property in the Footbridge Square section of Studio City. Beautifully landscaped English garden in back yard and lots of shade. Interior just painted; recently roofed.

8 New Listings Last Week in Studio CIty