Studio City Real Estate Market Recap - Week Ending September 6, 2015

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 9/6/2015.  

Active Homes for Sale in Studio City: 102  (down from 111 last week) - prices ranging from $849,000 to $6,500,000

  • Median price:  $1,698,500 (↓) 
  • Average days on market:  64 (↑) ;  average cost per foot:  $575 (↓)
  • 5 luxury homes for sale over $3,000,000 (down from 6 last week)
  • 45 price reductions (down from 46 last week)

Pending Home Sales: 40 (up from 39 last week)  - prices ranging from $715,000 to $2,895,000

  • 11 new pending sales last week (up from 9 last week)

7 Sold Listings (down from 8 last week):

  • Median Price: $1,460,000 (last week: $1,473,750)
  • Average days on market:  36 (↓)
  • Average cost per foot:  $610 (↑)

7 Sold Listings Last Week in Studio City

3630 Bellfield Way, Studio City

Sales Price:  $2,665,000

Days on Market: 57

Cost per foot:  $748

5 beds/6 baths.  Architectural Modern with salt water pool, spa, grassy yard and City Light Views situated on a large captivating Resort Style lot. Incredible Indoor/Outdoor flow, magazine quality details:  vaulted ceilings, white oak Hardwood floors, state of the art Thermador kitchen, custom cabinetry, Quartz countertops, breakfast bar, Family/Media room, 2 Luxurious Master Suites with one on main level all located in prime Studio City Hills "Wrightwood Estates" location. 


11731 El Cerro Lane. Studio City

Sales Price:  $2,030,000

Days on Market: 78

Cost per foot:  $689

3 beds/4 baths.  Located on a cul-de-sac in the exclusive neighborhood of Fryman Estates, private and gated home offering a fabulous setting on over 17,000 sq f in a  single level estate. Expansive yard, perfect for entertaining, features a heated pool, spa, grassy play area, mature trees, landscaping, and built-in BBQ with island.


3730 Wrightwood Drive, Studio City

Sales Price:  $1,640,000

Days on Market: 11

Cost per foot:  $669

4 beds/3 baths.   Single-story designer showplace in the Wrightwood Estates. Entertainer's dream home features gleaming hardwood floors throughout, beautifully beamed ceilings, spacious living and family room each with a fireplace, and a custom cook's kitchen. Exceptional scale and walls of glass, a beautifully landscaped yard, sparkling pool.


3343 Wrightwood Drive, Studio City

Sales Price:  $1,460,000

Days on Market: 50

Cost per foot:  $623

3 beds/3 baths.  Walled, private, charming home with open feel and flooded with natural light and breathtaking views from almost every room. The home was featured in Metropolitan Home Magazine (Sept/Oct 1999) and extensively remodeled by the former owner who was a designer.


4369 Farmdale, Studio City

Sales Price:  $1,115,000

Days on Market: 2

Cost per foot:  $652

2 beds/3 baths. Highly Coveted Colfax Meadows in Studio City! This beautifully renovated home completed in 2013 offers an extremely versatile floorpan. En-suite bedrooms with stunning custom designer bathrooms. Gleaming wood floors throughout, newer dual pane windows, recessed lighting, detached garage which doubles as a game room. Ample storage loft in garage! Private backyard with inviting pool & spa. Carpenter charter school district.


3633 Goodland Ave, Studio City

Sales Price:  $1,105,000

Days on Market: 47

Cost per foot:  $498

3 beds/3 baths. Located at the end of a cul-de-sac & backing to the Santa Monica Conservancy for added serenity & privacy, this multi-level remodeled 3 bedroom 2.5 bathroom home was designed to maximize space and efficiency. Clean lines, soaring ceilings, crown moldings, numerous skylights,  & decorative lighting enhance the sun-filled floor plan. Common rooms include a great room with fireplace & walls of French doors that open to a large patio, a spacious family room with fireplace, an eat-in gourmet kitchen with custom cabinetry, granite counters, and built-in SubZero.


12717 Kling St, Studio City

Sales Price:  $985,500

Days on Market: 6

Cost per foot:  $353

4 beds/3 baths. Trust Sale, No Court Confirmation Required, This is a Great Opportunity to Design Your Dream Home in a Fantastic Studio City Neighborhood!! 


New Listings Last Week in Studio City