Studio City Real Estate Market Recap - Week Ending October 23, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending October 23, 2016.

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My Studio City neighbors cover story; 'Reinventing the Neighborhood'

My Studio City neighbors cover story; 'Reinventing the Neighborhood'

  • Average days on market: 80 (↑)
  • Average cost per foot:  $615 (↑)
  • 32 price reductions (↑)

Pending Home Sales: 47 (down from 54) prices ranging from $534,900 to $4,299,950

  • 5 new pending sales last week (same as last week)

8 Sold Listings (same as last week)

  • Average Days on Market:  60 (↑)
  • Average Cost per foot:  $670 (↑) from $617
  • Median Price: $1,119,500 (last week: $1,355,000)
MONTHS SUPPLY OF INVENTORY UP 32% IN STUDIO CITY

MONTHS SUPPLY OF INVENTORY UP 32% IN STUDIO CITY

Average days on market down 19% in Studio City

Average days on market down 19% in Studio City

Average sales price up 21% in Studio City

Average sales price up 21% in Studio City

7 New Listings Last Week in Studio City

8 Sold Listing Last Week in Studio City