Studio City Real Estate Market Recap - Week Ending November 6, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending November 6, 2016.

  • Average days on market: 81 (↑)
  • Average cost per foot:  $638 (↑)
  • 30 price reductions (↓)

Pending Home Sales: 45 (down from 51) prices ranging from $534,900 to $4,299,950

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

7 Sold Listings (8 last week)

  • Average Days on Market:  77 (↓)
  • Average Cost per foot:  $553 (↓) from $613)
  • Median Price: $1,175,000 (last week: $1,862,500)

AVERAGE DAYS ON MARKET UP 132% IN STUDIO CITY

AVERAGE DAYS ON MARKET UP 132% IN STUDIO CITY

MONTHS SUPPLY OF INVENTORY UP 53% IN STUDIO CITY

MONTHS SUPPLY OF INVENTORY UP 53% IN STUDIO CITY

HOMES FOR SALE DOWN 18% IN STUDIO CITY

HOMES FOR SALE DOWN 18% IN STUDIO CITY

7 New Listings Last Week in Studio City

7 Sold Listing Last Week in Studio City