Studio City Real Estate Market Recap - Week Ending February 21, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 2/21/2016.

  • Median price:  $1,789,400
  • Average days on market: 72 (↑);  average cost per foot:  $667 (↑)
  • 23 homes for sale over $2,000,000 (↓)
  • 19 price reductions (up from 17 last week)

Pending Home Sales: 39 (same as last week)  - prices ranging from $750,000 to $2,675,000

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

3 Sold Listings (same as last week):

  • Median Price: $900,000 (last week: $1,999,000)
  • Average days on market:  83 (↑)
  • Average cost per foot:  $509 (↑)

3 Sold Listings Last Week in Studio City

4547 Simpson, Studio City

Sales Price:  $815,000

Days on Market: 90

Cost per foot:  $575

Square feet: 1477; 3 Beds/2 Baths. Special Notes: Charming traditional home with great curb appeal. Eat in kitchen includes new appliances and lots of storage, true master suite with ample closet space, fireplace and opens on to patio. The outdoor living space is truly a retreat with wonderful large covered patio and beautiful heated swimming pool. Very desirable location close to Tujunga Village's trendy shops and restaurants, neighborhood park and award winning Colfax Elementary school. 


3301 Laurel Canyon, Studio City

Sales Price:  $900,000

Days on Market: 127

Cost per foot:  $427

Square feet: 2108; 3 Beds/2 Baths. Special Notes:  Mostly flat 21,347 Sq. Ft. lot has unlimited potential to Renovate or Build the Home of your Dreams. Situated above the street. 


4295 Bakman, Studio City

Sales Price:  $1,750,000

Days on Market: 33

Cost per foot:  $548

Square feet: 3194; 4 Beds/3 Baths. Special Notes:  Rebuilt and expanded in 2015. A light and bright open floor plan creates an airy feel, massive formal living room is an incredible entertaining space. Gourmet chef's kitchen, with crisp white cabinetry, marble counters, subway tile backsplash, stainless steel appliances, and over-sized island with breakfast bar. Master suite with hardwood floors and bath with dual vanity, soaking tub, and glass shower. Relaxing backyard with a large grassy area and outdoor living space with fireplace. 


7 New Listings Last Week in Studio City