Studio City Real Estate Market Recap - Week Ending April 4, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending April 4, 2016.

69 active listings on the market in Studio City (down from 73 last week) - prices range from $849,000 to $8,500,000

  • Median price:  $1,789,400 (↑)
  • Average days on market: 72 (↓); average cost per foot:  $640 (↓)
  • 27 homes for sale over $2,000,000 (↑)
  • 30 price reductions (down from 31 last week and 34 two weeks ago)

Pending Home Sales: 45 (up from 38 last week)  - prices ranging from $699,000 to $2,645,000

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

2 Sold Listings (down from 3 last week and 5 two weeks ago):

  • Median Price: $2,333,250 (last week: $1,200,000)
  • Average days on market:  34  (↑)
  • Average cost per foot:  $479 (↓)

2 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: Dynamic architectural lines and gleaming hardwood floors, a living room with pitched ceiling, fireplace, built ins, and oversized windows. Dining room is bright and airy with large picture windows and french doors leading to a deck. Game room with massive wet bar, fireplace, and direct access to an outdoor seating area. Master bedroom features rich wood built ins, built in bed with storage, and a master bath with sunken tub, dual vanity sink, and glass shower. Tiered gardens lead to a flat grassy area with water feature. Multiple spaces for outdoor entertaining. 


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: New construction with abundance of a natural light, high end finishes. A formal living room with vaulted ceilings, and French doors looking out over the front yard; elegant formal dining room with hardwood floors and paneled walls, with glamorous wine closet behind a glass door. Butler's pantry offers direct access to an incredible gourmet chef's kitchen with Thermador appliances, walk-in pantry, built-in breakfast nook, an oversized center island with dual Viking refrigerator drawers and two dishwashers accented beautifully by a custom chandelier. Open space flow into the spacious family room with coffered ceilings, fireplace, and a wall of doors that can be fully opened to provide seamless indoor/outdoor entertaining. 


11 New Listings Last Week in Studio City