Studio City Real Estate Market Recap - Week Ending August 9, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 8/9/2015.  

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

  • Median price:  $1,772,500 (↑) 
  • Average days on market:  55 (↑) ;  average cost per foot:  $573 (↓)
  • 6 luxury homes for sale over $3,000,000 (same as last week)
  • 44 price reductions (up from 34 last week)

Pending Home Sales: 486 (down from 48 last week)  - prices ranging from $450,000 to $3,495,000

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

6 Sold Listings (down from 7 last week):

  • Median Price: $1,024,725(last week: $1,086,000 )
  • Average days on market:  31 (↓)
  • Average cost per foot:  $520 (↓)

7 Sold Listings Last Week in Studio City

4443 Farmdale. Studio City

Sales Price:  $2,070,000

Days on Market: 65

Cost per foot:  $531

5 beds/6 baths. Newly constructed luxury home is located within walking distance of the famed Tujunga Village.  Di Nali Construction fuses together traditional Cape Cod styled homes, high end contemporary finishes, comfort and top of the line conveniences to create an impeccable upscale retreat. Designed for your new green life with LED lighting throughout, security cameras, wired smart house controls, 220V electric car charger, aluminum clad windows and is equipped for future solar expansion.

12253 Laurel Terrace. Studio City

Sales Price:  $1,600,000

Days on Market: 12

Cost per foot:  $620

4 beds/4 baths. South of the Blvd, East coast inspired Silver Triangle Traditional.  Family focused living room, formal dining room, Great Room/Gourmet Kitchen/Breakfast Island, Wet Bar & Desk Area, plus powder bath on main level. Easy access to the nearby restaurants, freeways and award winning Carpenter Charter School.

12772 Hortense. Studio City

Sales Price:  $1,480,000

Days on Market: 16

Cost per foot:  $413

5 beds/4 baths. Two-story traditional with craftsman accents. Wide open floor plan opens to grand public space consisting of living, family and dining rooms with a huge granite center isle kitchen with commercial style appliances and breakfast area all flooded with natural light and easy access to rear patio / bbq and big grassy yard. 

12431 Rye. Studio City

Sales Price:  $1,250,500

Days on Market: 47

Cost per foot:  $548

3 beds/2 baths. Well landscaped exterior, this gated traditional home boasts curb appeal, with upgraded amenities, pool, converted garage and bonus room. The master bedroom has a large closet, built in storage area and an adjoining bathroom with a conveniently located laundry area. 

4091 Farmdale. Studio City

Sales Price:  $1,200,000

Days on Market: 36

Cost per foot:  $536

3 beds/2 baths. Single-story home,Carpenter School District, in Colfax Meadows.Hardwood Floors. Cook's kitchen, pool, and outdoor entertaining area. 

11829 Sunshine Terrace. Studio City

Sales Price:  $1,024,725

Days on Market: 11

Cost per foot:  $510

3 beds/2 baths.  South of Ventura and walking distance to Carpenter Elementary School and Ventura Boulevard!  2 story Mellenthin (birdhouse) country/traditional with pool on largely flat lot. First time on the market since the 60's. No deferred maintenance but the property needs cosmetic TLC. 

13 New Listings this week in Studio CIty