Studio City Real Estate Market Recap - Week Ending August 23, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 8/23/2015.  

Active Homes for Sale in Studio City: 111  (up from 96 last week) - prices ranging from $849,000 to $6,500,000

  • Median price:  $1,699,000 (↓) 
  • Average days on market:  55 (↑) ;  average cost per foot:  $579 (↑)
  • 6 luxury homes for sale over $3,000,000 (same as last week)
  • 46 price reductions (up from 44 last week)

Pending Home Sales: 39 (down from 46 last week)  - prices ranging from $450,000 to $3,495,000

  • 9 new pending sales last week (same as last week)

8 Sold Listings (up from 6 last week):

  • Median Price: $1,473,750 (last week: $1,024,725 )
  • Average days on market:  60 (↑)
  • Average cost per foot:  $605 (↑)

8 Sold Listings Last Week in Studio City

11560 Dilling. Studio City

Sales Price:  $2,252,000

Days on Market: 53

Cost per foot:  $1166

3 beds/3 baths.  Great large flat lot in desirable Colfax Meadows.  Perfect lot to develop.


3743 Sunswept Drive,. Studio City

Sales Price:  $1,700,999

Days on Market: 160

Cost per foot:  $511

5 beds/4 baths.  New Construction by AIA architect Sandra Martin in the hills of Studio City with Views, over 3300 sq ft of open spaces and versatile floor plan. Features wall of windows, soaring ceilings, Brazilian walnut hardwood floors, and designer custom features Huge multipurpose room, perfect for in home office, media or exercise room, and wired for TV/internet/phone in every room. 


11264 Sunshine Terrace. Studio City

Sales Price:  $1,599,000

Days on Market: 60

Cost per foot:  $508

4 beds/4 baths.  South of the Blvd Tudor home with views on a corner lot. Period charm, built in 1926 by renowned Mr. Lankershim, and tastefully updated for today's needs. Premium finishes include recessed lights, a custom-built gourmet kitchen open floor plan and a library. Master retreat offers a sitting area & walk-in closet. Included in the square footage is a lower level, two-room getaway studio with separate entrance, kitchenette and ¾ bath.


3355 Wrightview Place. Studio City

Sales Price:  $1,500,000

Days on Market: 42

Cost per foot:  $711

3 beds/3 baths.  Shovel ready designer custom home project: Plans, Engineering, Soils and Geology approval plus Mulholland corridor approval all in place. Huge private lot located south of the boulevard. Massive frontage at the end of a great cul-de-sac in this much sought after Wrightwood Estates with great views. 


10773 Wrightwood Lane. Studio City

Sales Price:  $1,447,500

Days on Market: 7

Cost per foot:  $658

3 beds/3 baths. Wrightwood Estates with pool, grassy yard, media room, and outdoor kitchen/entertaining area. Amenities include: French Doors, Hardwood Floors, Stainless Steel Appliances, updated Bathrooms, a gorgeous Master Suite with Walk-in closet, entry courtyard plus double attached Garage with direct access.


12109 Cantura. Studio City

Sales Price: $1,180,000

Days on Market: 40

Cost per foot:  $650

4 beds/2 baths. Studio City's Silver Triangle on a historic shady tree lined street south of Ventura, extensively remodeled in 2011, and within walking distance to both shopping and the coveted Carpenter school. Master is a sanctuary with footed slipper tub, redone kitchen with Monogram appliances, and living areas have modern open floor plan. Large garage with redesigned drought resistant backyard and new fencing around entire property. 


11435 Sunshine Terrace. Studio City

Sales Price:  $1,100,000

Days on Market: 45

Cost per foot:  $413

3 beds/2 baths. Opportunity for the right family or investor. One spacious home, or as two separate quarters for the larger family. Backyard with a pool, BBQ and sitting area along with a hill top deck and beautiful city views. In addition to the upstairs 3 bedroom, 2 baths, there is a downstairs guest quarters with a sauna, bathroom, office space and a separate and private entry. 


3057 Laurel Canyon. Studio City

Sales Price:  $860,000

Days on Market: 71

Cost per foot:  $419

3 beds/2 baths.  Lender owned Traditional South of Ventura Boulevard. Master bedroom with walk-in closet. Backyard with pool, palm trees and steps that lead up to large deck. Fixer, needing TLC. 


 

11 New Listings Last Week in Studio City