Studio City Real Estate Market Recap - Week Ending March 13, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 3/13/2016.

80 active listings on the market in Studio City (up from 74 last week) - prices range from $760,000 to $8,500,000

  • Median price:  $1,742,000 (↓)
  • Average days on market: 76;  average cost per foot:  $642 (↑)
  • 25 homes for sale over $2,000,000  (↑) 
  • 31 price reductions (same as last week)

Pending Home Sales: 32 (up from 31 last week)  - prices ranging from $699,000 to $2,899,000

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

2 Sold Listings (down from 10 last week):

  • Median Price: $1,689,500  (last week: $1,231,600)
  • Average days on market:  121 (↑)
  • Average cost per foot:  $530 (↓)

2 Sold Listings Last Week in Studio City

3168 Dona Sofia Drive, Studio City

Sales Price:  $1,480,000

Days on Market: 157

Cost per foot:  $523

Square feet: 2829; 3 Beds/4 Baths. Special Notes: 1960's contemporary at the end of a quiet cul-de-sac in the Studio City hills. Open kitchen with dining area, living room with fireplace surrounded by glass, powder room, office nook, laundry room and maid's room + bath on first level. Second level with enormous master & en-suite bath remodeled in 2015 with outdoor deck. The house is set back from the street with privacy fencing, huge brick patio entrance, and rear gardens and yard. 

4077 Kraft, Studio City

Sales Price:  $1,899,000

Days on Market: 84

Cost per foot:  $533

Square feet: 3564; 5 Beds/6 Baths. Special Notes:  Mediterranean on tree-lined cul de sac. True chef's kitchen, boasting a 6 burner range with warming shelf, dual ovens, gorgeous cabinetry, granite countertops, a massive center island and wine fridge. A cozy family room off the kitchen, a stone fireplace, and french doors opening to the entertainer's backyard. Spacious bedrooms with high ceilings. Master suite with private balcony; tropical backyard perfect for entertaining, with a covered outdoor living space, built in BBQ, pool & spa. Located within the Carpenter School District (per availability).

10 New Listings Last Week in Studio City