Studio City Real Estate Market Recap - Week Ending March 27, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending 3/27/2016.

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

  • Median price:  $1,695,000 (↓)
  • Average days on market: 79 (↓); average cost per foot:  $653 (↑)
  • 23 homes for sale over $2,000,000 (↓)
  • 31 price reductions (down from 34 last week)

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

  • 3 new pending sales last week (down from 10last week)

3 Sold Listings (down from 5 last week):

  • Median Price: $1,200,000  (last week: $1,101,000)
  • Average days on market:  30 (↓)
  • Average cost per foot:  $568 (↓)

3 Sold Listings Last Week in Studio City

4333 Camellia, Studio City

Sales Price:  $2,348,000

Days on Market: 51

Cost per foot:  $624

Square feet: 3765; 5 Beds/6 Baths. Special Notes: Situated in the coveted Colfax Meadows neighborhood, this custom designed home perfectly balances modern sophistication and timeless style that features Smart home technology, and is located in the award winning Carpenter school district. Clean lines with an open layout, fine oak flooring, high end finishes, tongue & groove ceilings, and plenty of natural light throughout. Gourmet kitchen featuring a butler's pantry, Wolf 8 burner stove, over-sized kitchen island, open faced glass Subzero fridge and freezer, & a cozy breakfast nook. Folding glass doors open the family area to the deck and pool.

12405 Hortense, Studio City

Sales Price:  $1,200,000

Days on Market:  9

Cost per foot:  $647

Square feet: 1856; 3 Beds/3 Baths. Special Notes: Gated & private on a sprawling flat corner lot - over 1/4 acre with a heated pool, huge grassy yard & parking for 5+ cars. Vistas everywhere you look; trees, flowers, pretty homes, open skies...A few of the highlights are a nice master suite with Euro-style bathroom, real oak wood floors, central air/heat, security system, dual pane windows, full 2-car garage, plantation shutters, crown moulding, recessed lights, updated electrical. All appliances included. Ready for immediate occupancy or custom tailor to your dream estate.

4461 Van Noord Ave, Studio City

Sales Price:  $1,185,000

Days on Market: 31

Cost per foot:  $434

Square feet: 2731; 5 Beds/4 Baths. Special Notes: Lovely expanded traditional on a sweeping corner lot in prime Studio City! Sparkling pool and 300 square foot covered outdoor living room (not part of the 2731), three bedrooms downstairs include a second master or in-law/guest suite. Two bedrooms up include a spacious bedroom w charming views and luxurious master with wrap-around deck with west facing sunset views, soaring ceilings, walk in closet, and luxurious oversize shower with custom tile. 

4 New Listings Last Week in Studio City