Studio City Real Estate Market Recap - Week Ending October 9, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending October 9, 2016.

OUR STUDIO CITY NEIGHBORS COVER STORY - AUGUST 2016

OUR STUDIO CITY NEIGHBORS COVER STORY - AUGUST 2016

  • Average days on market: 78 (↑)
  • Average cost per foot:  $608 (↑)
  • 32 price reductions (↓)

Pending Home Sales: 55 (up from 50) prices ranging from $534,900 to $4,299,950

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

5 Sold Listings (10 last week)

  • Average Days on Market:  31 (↓)
  • Average Cost per foot:  $509 (↓) from $655
  • Median Price: $924,000 (last week: $1,892,500)
MONTHS SUPPLY OF INVENTORY UP 68% IN STUDIO CITY

MONTHS SUPPLY OF INVENTORY UP 68% IN STUDIO CITY

AVERAGE SALES PRICE UP 21% IN STUDIO CITY

AVERAGE SALES PRICE UP 21% IN STUDIO CITY

 

9 New Listings Last Week in Studio City

5 Sold Listing Last Week in Studio City