Studio City Real Estate Market Recap - Week Ending January 31, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 1/31/2016.

Active Homes for Sale in Studio City: 63  (down from 74 last week) - prices ranging from $760,000 to $8,500,000

  • Median price:  $1,839,000  (↓)
  • Average days on market: 67(↑);  average cost per foot:  $639 (↑)
  • 26 homes for sale over $2,000,000 (↓)
  • 15 price reductions (up from 14 last week)

Pending Home Sales: 35 (up from 32)  - prices ranging from $590,000 to $5,900,000

  • 7 new pending sales last week (down from 7 last week)

4 Sold Listings (up from 2 last week):

  • Median Price: $1,183,850  (last week: $1,043,250)
  • Average days on market:  103 (↓)
  • Average cost per foot:  $576 (↑)

4 Sold Listings Last Week in Studio City

13016 Woodbridge, Studio City

Sales Price:  $2,600,000

Days on Market: 167

Cost per foot:  $591

Square feet: 4400;  5 Beds/6 Baths. Special Notes:  New construction, Thermador appliances, custom cabinets and Carrera counters, family room with cathedral ceilings, fireplace, recessed lighting, master with free standing tub & shower, walk in closet, an abundance of closet space throughout, laundry, smarthome system (incl. Wifi, security camaras, surround sound, intercom) entertainers backyard with pool & spa, pool house with fireplace, bathroom & cabana.

3881 Berry Drive, Studio City

Sales Price:  $1,320,000

Days on Market: 109

Cost per foot:  $569

Square feet: 2318;  3 Beds/3 Baths. Special Notes:  Gated and private 15k lot,  mini estate comprised of two elevated lots in prime Studio City, south of Ventura Blvd.  Large open living room which spills onto an outdoor entertaining deck. A well appointed kitchen/dining room looks across the sparkling pool, outdoor fireplace and beautiful landscaping. Backyard is ideal for entertaining and is surrounded by a lush, tranquil setting. Award winning Carpenter School district.

3610 Berry Drive, Studio City

Sales Price:  $1,047,700

Days on Market: 61

Cost per foot:  $681

Square feet: 1538;  3 Beds/2 Baths. Special Notes:   Pristine mid-century modern home nestled in the prestigious Berry Hilltop of Studio City. Renovated with unparalleled taste and the finest materials. Impressive 180-degree city views from nearly every room, expansive deck and rear plateau terrace. The Home Renovation was completed In 2009. Extremely quiet neighborhood in the sought-after Carpenter School District. Above street level, gated and private. 

4439 Van Noord, Studio City

Sales Price:  $980,000

Days on Market: 75

Cost per foot:  $463

Square feet: 2118;  3 Beds/2 Baths. Special Notes:  Fresh paint, lush lawn & a pristine tree-lined street are some of the numerous enhancements inside this bright & open floorplan of over 2,100 sq. ft. Copper Plumbing, Newer A/C & ducts, newer window treatments, ceiling fans, crown moldings & direct access garage, highly sought after Dixie Canyon Elementary.

12 New Listings Last Week in Studio City