Studio City Real Estate Market Recap - Week Ending January 10, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 1/10/2016.

Active Homes for Sale in Studio City: 66 (down from 70 last week) - prices ranging from $750,000 to $6,995,000

  • Median price:  $1,729,000 
  • Average days on market: 65 (↑);  average cost per foot:  $627 (↑) 
  • 23 homes for sale over $2,000,000
  • 19 price reductions (down from 31 last week)

Pending Home Sales: 23 (down from 36)  - prices ranging from $760,000 to $2,725,000

  • 9 new pending sales last week (up from 4 last week)

8 Sold Listings (up from 2 last week):

  • Median Price: $1,454,999  (last week: $981,700)
  • Average days on market:  48 (↓)
  • Average cost per foot:  $588 (↑)

New Listings Last Week in Studio City:  16

8 Sold Listings Last Week in Studio City

13809 Blairwood Drive, Studio City

Sales Price:  $2,624,000

Days on Market: 43

Cost per foot:  $823

Square feet:  3190;  4 Beds/5 Baths. Special Notes:  Longridge Estates traditional, single story, "done to the nines" home sited on a 13,000 ft flat & private lot. The home was mostly rebuilt in 2012 by top designers. 


4209 Rhodes, Studio City

Sales Price:  $2,160,000

Days on Market: 17

Cost per foot:  $525

Square feet: 4116;  5 Beds/6 Baths. Special Notes: Coveted footbridge square, built in 2013, every detail and design is conducive to modern day living and the award-winning Carpenter School district, perfect for entertaining with its indoor/outdoor flow. 


12426 Landale, Studio City

Sales Price:  $2,050,000

Days on Market: 71

Cost per foot:  $529

Square feet: 3875;  5 Beds/6 Baths. Special Notes:  Newly constructed luxury home designed by an Ivy League architect, Di Nali Construction, architectural details and environmentally friendly amenities. Inspired by the love of technology and living green, this sophisticated smart house has LED lighting throughout, 10 foot ceilings on the first floor, security cameras, 220V electric car charger, an iPad wiring system and is equipped for future solar expansion. 


3646 Sunswept, Studio City

Sales Price:  $1,710,000

Days on Market: 54

Cost per foot:  n/a

Square feet: n/a;  3 Beds/4 Baths. Special Notes: Private Mediterranean Hideaway situated on long, private drive in Studio City hills with commanding valley views - saltillo tiled patio decking surrounding pool and spa many upgrades including Central Air and Heat - 27,941 sq. ft. lot.


3863 Berry Court, Studio City

Sales Price:  $1,199,999

Days on Market: 73

Cost per foot:  $395

Square feet: 3037;  3 Beds/3 Baths. Special Notes:  Modern in the Studio City Hills. Clean lines, mountain views and an organic modern vibe with multiple outdoor entertaining areas and a secluded terraced yard with expansive mountain views. 


11207 Laurie Drive, Studio City

Sales Price:  $1,125,000

Days on Market: 1

Cost per foot:  $385

Square feet: 2920;  4 Beds/3 Baths. Special Notes: Sold before processing.


4180 Elmer, Studio City

Sales Price:  $1,075,000

Days on Market: 95

Cost per foot:  $746

Square feet: 1468;  3 Beds/2 Baths. Special Notes:  1926 Spanish in Studio City's 'Woodbridge Park' neighborhood. Features include barreled living room ceiling, formal dining room, and French windows, loaded with charm and character. 


3841 Ridgemoor Drive, Studio City

Sales Price:  $550,000

Days on Market:  31

Cost per foot:  $725

Square feet: 759;  1 Beds/1 Baths. Special Notes: Charming 1937 Cottage in the Studio City Hills - fixer. Same Owner 44 yrs. Street to Street Lot. Sold as is.