Studio City Real Estate Market Recap - Week Ending November 13, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending November 13, 2016.

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My Studio City Living guide, just published.  Ask me for a copy.

My Studio City Living guide, just published.  Ask me for a copy.

  • Average days on market: 61 (↓)
  • Average cost per foot:  $617 (↓)
  • 27 price reductions (↓)

Pending  Home Sales: 34 (down from 45) prices ranging from $534,900 to $4,299,950

  • 3 new pending sales last week (down from 5 last week and 15 two weeks ago)

8 Sold Listings (7 last week)

  • Average Days on Market:  50 (↓)
  • Average Cost per foot:  $602 (↑) from $533)
  • Median Price: $1,597,500 (last week: $1,175,000)
Months Supply of Inventory up 26% in Studio City

Months Supply of Inventory up 26% in Studio City

New Listings down 41% in Studio City

New Listings down 41% in Studio City

Pending Sales down 39% in Studio City

Pending Sales down 39% in Studio City

Homes for Sale down 22% in Studio City

Homes for Sale down 22% in Studio City

8 New Listings Last Week in Studio City

8 Sold Listing Last Week in Studio City