Studio City Real Estate Market Recap - Week Ending January 17, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 1/17/2016.

Active Homes for Sale in Studio City: 69  (up from 66 last week) - prices ranging from $750,000 to $8,500,000

  • Median price:  $1,759,000 (↑)
  • Average days on market: 65 (↑);  average cost per foot:  $636 (↑) 
  • 26 homes for sale over $2,000,000 (↑)
  • 17 price reductions (down from 19 last week)

Pending Home Sales: 34 (up from 23)  - prices ranging from $799,000 to $5,900,000

  • 6 new pending sales last week (down from 9 last week)

6 Sold Listings (down from 8 last week):

  • Median Price: $1,267,250  (last week: $1,454,999)
  • Average days on market:  90 (↑)
  • Average cost per foot:  $576 (↓)

6 Sold Listings Last Week in Studio City

4045 Denny, Studio City

Sales Price:  $690,000

Days on Market: 76

Cost per foot:  $439

Square feet: 1572;  3 Beds/4 Baths. Special Notes:  Probate - No court confirmation required. Remodeled home with unpermitted guest unit  - new kitchen features granite counter tops, new cabinetry and stainless steel appliances. New paint inside and out. New hardwood floors and upgraded carpeting. Vaulted ceilings.


4411 Radford, Studio City

Sales Price:  $785,000

Days on Market: 24

Cost per foot:  $576

Square feet: 1364;  3 Beds/2 Baths. Special Notes:  Opportunity to add value to this charming Studio City home in the sought after neighborhood of Landale Square on a 5,000 square foot lot. 


3527 Coldwater Canyon, Studio City

Sales Price:  $1,005,000

Days on Market: 45

Cost per foot:  $561

Square feet:  1791;  3 Beds/2 Baths. Special Notes: Tucked away on a private gated road off of Coldwater Canyon surrounded by lush greenery and serenely on almost 3/4 acre. Resort style mid-century inspired floor plan featuring hardwood floors and big windows out to the canyon views. Direct access from the master out to the pool.


3556 Mound View, Studio City

Sales Price:  $1,529,500

Days on Market: 125

Cost per foot:  $548

Square feet:  2791;  3 Beds/3 Baths. Special Notes: Former celebrity owned gated retreat in the "Silver Triangle," Carpenter Community Charter Elementary School District,  This home showcases quality upgrades and attention to detail, stunning distressed hardwood floors and an open floor plan with three fireplaces, French doors and recessed lighting.


11285 Laurie Drive, Studio City

Sales Price:  $1,692,775

Days on Market: 198

Cost per foot:  $705

Square feet:  2400;  5 Beds/3 Baths. Special Notes: Spectacular 180 degree view property with 80 foot entertainer's deck and breathtaking view and a newly re-tiled pool, spa, and complete privacy. Bring your decorating ideas and personal touch to make this rare find your dream home. Almost 13,000 SF lot with room to expand.


11345 Brill Drive, Studio City

Sales Price:  $2,400,000

Days on Market: 74

Cost per foot:  $629

Square feet:  3818;  4 Beds/5 Baths. Special Notes: Montecito in Studio City, meticulously renovated from top to bottom, inside and out. Dramatic living room with vaulted beam ceiling, the most spectacular stained glass view, glass enclosed library/office with lush landscaping and valley views. Wonderful family/game room w/beamed ceilings, French doors open to the grass yard, patios. Culinary kitchen w/breakfast area built in, a Spanish style fountain, serene views and several outdoor patio lounges. Gracious gated home sits on a 15,332, sq ft lot with park-like grounds. A fabulous and private yard w/several dining areas and room for a pool.


10 New Listings Last Week in Studio City