Studio City Real Estate Market Recap - Week Ending March 20, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 3/20/2016.

74 active listings on the market in Studio City (down from 80 last week) - prices range from $869,000 to $8,500,000

  • Median price:  $1,742,000 
  • Average days on market: 81 (↑); average cost per foot:  $649 (↑)
  • 24 homes for sale over $2,000,000 (↓)
  • 34 price reductions (up from 31 last week)

Pending Home Sales: 38 (up from 32 last week)  - prices ranging from $699,000 to $2,899,000

  • 10 new pending sales last week (up from 2 last week)

5 Sold Listings (up from 2 last week):

  • Median Price: $1,101,000  (last week: $1,689,500)
  • Average days on market:  68 (↓)
  • Average cost per foot:  $617 (↑)

5 Sold Listings Last Week in Studio City

3501 Laurel Canyon Blvd, Studio City

Sales Price:  $950,000

Days on Market: 162

Cost per foot:  $818

Square feet: 1161; 4 Beds/2 Baths. Special Notes: LAND VALUE ONLY, adjacent to the Fryman/Willacre Park set back approx 100 ft from the street down a long private drive, surrounded by mature trees Over 1 1/4 acres (55,320 sq ft) and consists of a large approx 15,000-18,000 sq ft lower pad.


12217 Valleyheat Drive, Studio City

Sales Price:  $950,000

Days on Market: 35

Cost per foot:  $882

Square feet: 1077; 2 Beds/1 Baths. Special Notes: Designer-finished, cottage in Footbridge Square, one of the finest neighborhoods in Studio City. Located in the award winning Carpenter Community Charter School District. Beautiful, light and bright eat in kitchen with quartz counters, Carrera marble and onyx inlay. Stainless steel appliances, farm sink, convection oven and dual range ovens and soft close lighted drawers. Hardwood floors, wood-burning fireplace, expansive French doors leading to the charming covered outdoor lounge area and spacious backyard. 


3716 Laurel Canyon Blvd, Studio City

Sales Price:  $1,101,000

Days on Market: 36

Cost per foot:  $413

Square feet: 2667; 5 Beds/3 Baths. Special Notes: Needs some TLC both home has plenty of equity.  Walk to Carpenter School.
 


2950 Dona Susana Drive, Studio City

Sales Price:  $1,668,000

Days on Market: 53

Cost per foot:  $493

Square feet: 3446; 4 Beds/4 Baths. Special Notes: Mid-century traditional in the East Donas; Newly remodeled kitchen features high end stainless appliances, dual convection ovens, Subzero fridge, custom cabinets, gleaming granite countertops, & adjoining breakfast room, views of mountains beyond & city from massive windows & view terraces. Idyllic, private backyard with rock wall waterfalls, rock pit, black bottom pool & spa, & built in outdoor BBQ. 


12414 Milbank, Studio City

Sales Price:  $2,549,000

Days on Market: 56

Cost per foot:  $489

Square feet: 5210; 5 Beds/6 Baths. Special Notes:  Cape Cod with Entertainers backyard. Enter to an open floor plan with an inviting great room and dining room with french doors leading to a garden with a waterfall fountain. The home features Control 4 & Smarthome technology, 2 zone HVAC, 2 car garage, laundry room, and a hi-tech speaker system throughout. On a beautiful tree-lined street; . designed by S&S Design Group.


8 New Listings Last Week in Studio City