Studio City Real Estate Market Recap - Week Ending February 14, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 2/14/2016.

Active Homes for Sale in Studio City: 69  (up from 68 last week) - prices ranging from $849,900 to $8,500,000

  • Median price:  $1,789,400 (↓)
  • Average days on market: 69(↑);  average cost per foot:  $647 (↑)
  • 25 homes for sale over $2,000,000 (↓)
  • 17 price reductions (down from 19 last week)

Pending Home Sales: 39 (up from 34)  - prices ranging from $750,000 to $3,500,000

  • 7 new pending sales last week (up from 6 last week)

3 Sold Listings (down from 6 last week):

  • Median Price: $1,999,000 (last week: $1,287,000)
  • Average days on market:  62 (↑)
  • Average cost per foot:  $485 (↓)

3 Sold Listings Last Week in Studio City

12808 Halkirk, Studio City

Sales Price:  $2,060,000

Days on Market: 45

Cost per foot:  $528

Square feet: 3900; 6 Beds/6 Baths. Special Notes:  Modern Restoration of a 1930's English Country Celebrity Estate.  A touch of old world class mixed with all of today's updated amenities. Beautifully fenced & gated landscaped front yard, master retreat + attached office area and separate rec room/Guest Unit. New Chef's Kitchen w/Sub Zero, 36" Wolf & quartz stone counters that opens to the family room and entertainer's yard with pool, BBQ/Outdoor Bar area, and grassy play area.

4612 Van Noord, Studio City

Sales Price:  $1,999,000

Days on Market: 92

Cost per foot:  $439

Square feet: 4554;  5 Beds/6 Baths. Special Notes:   Brand new custom built home includes the rare amenity of a detached 3-car garage with separate entrance & a huge entertainer's backyard. Quality construction & attention to detail, contemporary design, entertainer's backyard with pool & spa, covered outdoor space & gas fire-pit, drought tolerant landscaping & circular driveway, make this home truly unique. 9500+ foot lot, Nest thermostats, multi-zone audio system, chef's kitchen, Sub-zero/Wolf appliances, high end designer light fixtures & "smart home" capabilities.

11400 Dona Pegita Drive, Studio City

Sales Price:  $1,210,000

Days on Market: 50

Cost per foot:  $487

Square feet: 2483; 3 Beds/3 Baths. Special Notes:  Mid Century Modern, single story home loaded with enormous potential. Situated in the Dona's streets of Studio City, this home is waiting for the right owner to re-energize it.

8 New Listings Last Week in Studio City