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

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 3/6/2016.

74 active listings on the market in Studio City - prices range from $750,000 to $8,500,000

  • Median price:  $1,794,200 (↓)
  • Average days on market: 76(↑);  average cost per foot:  $633 (↓)
  • 23 homes for sale over $2,000,000  (↓) 
  • 31 price reductions (up from 25 last week)

Pending Home Sales: 31 (down from 34 last week)  - prices ranging from $699,000 to $2,899,000

  • 5 new pending sales last week (up from 3 last week)

10 Sold Listings (up from 4 last week):

  • Median Price:$1,231,600  (last week: $2,899,000)
  • Average days on market:  65 (↑)
  • Average cost per foot:  $561 (↓)

10 Sold Listings Last Week in Studio City

12019 Laurel Lane, Studio City

Sales Price:  $2,450,000

Days on Market: 197

Cost per foot:  $520

Square feet: 4714; 5 Beds/4 Baths. Special Notes:   Gated Tudor Estate on nearly half an acre of privacy with great indoor/outdoor flow. First level with mostly wood floors. Living room with coved ceiling. Huge family room to views of outdoor fireplace and green forest. Pool with tranquil setting leads to one bedroom guest house with high ceilings and loads of closets. This rare estate sits at the end of a flat cul-de-sac on a street-to-street lot. 

12549 Kling, Studio City

Sales Price:  $2,036,000

Days on Market: 30

Cost per foot:  $387

Square feet: 5258; 5 Beds/5 Baths. Special Notes:  On nearly a full acre of matured, manicured grounds, this sprawling California Ranch is sited on the largest available estate parcel of land in Studio City. Designed by renowned landscape architect Stephen Ellberg, the grounds thrive with expanses of palms, gardens, & greenery. Detached fully complemented casita, a glass walled 2-room freestanding studio, & a main residence housing an additional self-contained wing. 3-car garage with massive loft space, & 10-car motor court. 

4229 Fair, Studio City

Sales Price:  $1,500,000

Days on Market: 56

Cost per foot:  $512

Square feet: 2926; 4 Beds/3 Baths. Special Notes:   Wide open expansive rooms flow seamlessly throughout with designer touches proving to provide a glowing example of modern meets traditional; gourmet kitchen fitted with professional grade appliances & Pental quartz counter tops, all guiding you seamlessly to your outdoor spaces providing the perfect setting for indoor/outdoor California living. An array of amenities include a custom made wine closet, surround sound, expansive redwood deck with glass fireplace. 

13001 Greenleaf, Studio City

Sales Price:  $1,475,000

Days on Market: 57

Cost per foot:  $666

Square feet: 2216; 3 Beds/3 Baths. Special Notes:  Charming modern traditional south of the boulevard situated on a tree lined street, remodeled home features a modern open floor plan, possible office/den space, and huge second story deck perfect for outdoor entertaining! Spacious backyard with patio, playhouse/shed and tons of room for a pool.

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12408 Sarah St, Studio City

Sales Price:  $1,313,200

Days on Market: 30

Cost per foot:  $448

Square feet: 2931; 6 Beds/4 Baths. Special Notes: Features include a master bedroom with french doors that lead out to the back yard, 2 1/2 baths downstairs, living room and family room with fireplaces, built in cabinet for tv, french doors that lead to back yard also surround sound with speakers, back yard patio, hardwood flooring throughout.  Separate room for laundry, crown molding, plantation shutters.

12436 Rye, Studio City

Sales Price:  $1,150,000

Days on Market: 66

Cost per foot:  $409

Square feet: 2809; 4 Beds/5 Baths. Special Notes:  Contemporary-modern home, located at the end of a cul-de-sac.  Spacious living room with high ceiling, gorgeous hardwood floors, fireplace and ample windows that bring natural light into the home - an ideal entertainer's floor plan. Downstairs a bedroom /bathroom suite for in-laws / guests plus a family room and a den, both have French doors leading to the pool, spa, back yard and the studio behind the 2 card garage. 

4313 Bellingham, Studio City

Sales Price:  $1,124,000

Days on Market: 77

Cost per foot:  $834

Square feet: 1347; 2 Beds/2 Baths. Special Notes:  Opportunity to build something magnificent in Footbridge Square; one of the finest neighborhoods in Studio City, ideally located on a picturesque, tree-lined street in the award winning Carpenter Community Charter School District.

11433 Laurelcrest Drive, Studio City

Sales Price:  $905,000

Days on Market: 31

Cost per foot:  $637

Square feet: 1420; 2 Beds/2 Baths. Special Notes:  Studio City Hills View Property, Build a dream home up to 6100 square feet on this Large 15,000 square foot Beautiful Lot. Down slope. Very Private, Property has Major Fixer House on it. Ideal for Builder/Developer. Seller has plans for Breathtaking Architectural Home with Pool and Spa. 

12855 Landale, Studio City

Sales Price:  $800,000

Days on Market: 51

Cost per foot:  $461

Square feet: 1735; 3 Beds/2 Baths. Special Notes:  Single family home with a separate one bed/one bath guest quarters. Enormous yard in back and a giant side patio perfect for entertaining.For developers, this property provides huge opportunity. 

4448 Kraft, Studio City

Sales Price:  $801,000

Days on Market: 51

Cost per foot:  $737

Square feet: 1087; 2 Beds/1 Baths. Special Notes:  Adorable, cozy fixer-home close to Tujunga Village. One of the 2 bedrooms is now a recording studio, remodeled bathroom and partially remodeled kitchen with laundry area next to it. Garage is converted to a Foley recording studio, this is a Fixer - in need of TLC.

5 New Listings Last Week in Studio City