Studio City Real Estate Market Recap - Week Ending October 30, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending October 30, 2016.

  • Average days on market: 79 (↑)
  • Average cost per foot:  $627 (↑)
  • 31 price reductions (↑)

Pending Home Sales: 51 (up from 47) prices ranging from $534,900 to $4,299,950

  • 15 new pending sales last week (up from 5 last week)

8 Sold Listings (same as last week)

  • Average Days on Market:  120 (↑)
  • Average Cost per foot:  $613 (down from $670)
  • Median Price: $1,862,500 (last week: $1,119,500)
Pending Sales down 45% in Studio City

Pending Sales down 45% in Studio City

Months Supply of Inventory up 47% in Studio City

Months Supply of Inventory up 47% in Studio City

New Listings up 41% in Studio City

New Listings up 41% in Studio City

9 New Listings Last Week in Studio City

8 Sold Listing Last Week in Studio City