Studio City Real Estate Market Recap - Week Ending September 27, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 9/27/2015.  

Active Homes for Sale in Studio City: 105 (up from 104 last week) - prices ranging from $799,000 to $6,750,000

  • Median price:  $1,699,000 (↑) 
  • Average days on market: 64 (↑);  average cost per foot:  $582 (↓)
  • 7 luxury homes for sale over $3,000,000 (8 last week)
  • 46 price reductions (44 last week)

Pending Home Sales: 42 (same as last week)  - prices ranging from $715,000 to $2,999,000

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

5 Sold Listings (down from 12 last week):

  • Median Price: $1,942,500  (last week: $1,297,450)
  • Average days on market:  76 (↑)
  • Average cost per foot:  $529 (↓)

5 Sold Listings Last Week in Studio City

4228 Rhodes, Studio City

Sales Price:  $1,680,000

Days on Market: 43

Cost per foot:  $509

Square feet: 3298  Beds 4/Baths 5

Special Notes:  House designed by well known architect Richard Olander. Wonderful location in Footbridge Square Neighborhood.


12433 Kling St, Studio City

Sales Price:  $1,942,500

Days on Market: 97

Cost per foot:  $353

Square feet: 5500  Beds 5/Baths:  6

Special Notes:  New Construction, Cape Cod Smart Home.


4343 Bellingham, Studio City

Sales Price:  $1,915,000

Days on Market: 85

Cost per foot:  $479

Square feet: 4000  Beds 5/Baths:  6

Special Notes:  New construction Traditional in Footbridge Square and Carpenter School District.


4421 Laurelgrove, Studio City

Sales Price:  $2,020,000

Days on Market: 80

Cost per foot:  $585

Square feet: 3454  Beds 5/Baths: 5

Special Notes:  Modern completely rebuilt with open spaces, walls of glass, and great indoor/outdoor flow.


11472 Laurelcrest Drive, Studio City

Sales Price:  $2,590,000

Days on Market: 76

Cost per foot:  $886

Square feet: 2922  Beds 3/Baths: 3

Special Notes:  Modern architectural with amazing valley views, large flat lot and very private with lush landscaping.


New Listings Last Week in Studio City

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