Studio City Real Estate Market Recap - Week Ending January 24, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 1/24/2016.

Active Homes for Sale in Studio City: 74  (up from 69 last week) - prices ranging from $750,000 to $8,500,000

  • Median price:  $1,882,500 (↑)
  • Average days on market: 63 (↓);  average cost per foot:  $628 (↓)
  • 31 homes for sale over $2,000,000 (↑)
  • 14 price reductions (down from 17 last week)

Pending Home Sales: 32 (down from 34)  - prices ranging from $750,000 to $5,900,000

  • 8 new pending sales last week (up from 8 last week)

2 Sold Listings (down from 6 last week):

  • Median Price: $1,043,250  (last week: $1,267,250)
  • Average days on market:  160 (↑)
  • Average cost per foot:  $554 (↓)

2 Sold Listings Last Week in Studio City

3861 Reklaw Drive, Studio City

Sales Price:  $1,186,500

Days on Market: 96

Cost per foot:  $428

Square feet: 2770;  5 Beds/3 Baths. Special Notes:  Secluded retreat in the hills of Studio City behind a gate and wall of greenery. A lower level guest apartment has a bedroom, bath, living room, kitchen, and private entrance. Stone paths, a grassy lawn, and mature landscaping. Detached 2 car garage and additional off street parking. near Ventura Blvd shops and restaurants and in Carpenter School District.

3849 Mound View, Studio City

Sales Price:  $900,000

Days on Market: 224

Cost per foot:  $737

Square feet: 1323;  2 Beds/2 Baths. Special Notes: Charming cosmetic fixer with tons of potential in the Silver Triangle neighborhood of Studio City. Home features hardwood floors, high ceilings and a bonus/rec. room. 

11 New Listings Last Week in Studio City