Studio City Real Estate Market Recap - Week Ending April 10, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending April 10, 2016.

70 active listings on the market in Studio City (down from 69 last week) - prices range from $799,900 to $8,500,000

  • Median price:  $1,769,200 (↓)
  • Average days on market: 72); average cost per foot:  $625 (↓)
  • 32 homes for sale over $2,000,000 (↑)
  • 32 price reductions (up from 30 last week)

Pending Home Sales: 37 (down from 45 last week)  - prices ranging from $750,000 to $2,500,000

  • 2 new pending sales last week (down from 11 last week)

6 Sold Listings (up from 2 last week and 3 two weeks ago):

  • Median Price: $1.331,250 (last week: $2,333,250)
  • Average days on market:  41  (↑)
  • Average cost per foot:  $627 (↑)

6 Sold Listings Last Week in Studio City

4434 Saint Clair, Studio City

Sales Price:  $750,000

Days on Market: 11

Cost per foot:  $816

Square feet: 919; 2 Beds/1 Baths. Special Notes:  Build or rehab and make your dream home; original condition Ranch Style is in need of updating.  Features wood floors throughout, wood beamed & vaulted ceilings, fireplace in living room, attached garage, with a large backyard and mature fruit trees. Great Opportunity to buy in School District Carpenter with upside potential.

11431 Sunshine Terrace, Studio City

Sales Price:  $1,076,000

Days on Market: 75

Cost per foot:  $659

Square feet: 1633; 3 Beds/2 Baths. Special Notes: This private hillside hideaway is flooded with light. It features high ceilings, skylights, and large windows. The home is nestled between front and rear gardens which adds to the inviting indoor/outdoor flow. The dual sided fireplace lends romance to both the living room and den. House also includes a guest studio as well as a detached garage that enters directly onto the property. 

4167 Klump, Studio City

Sales Price:  $1,290,000

Days on Market: 10

Cost per foot:  $514

Square feet: 2508; 4 Beds/4 Baths. Special Notes: On a knoll in prime Woodbridge Park, named one of L.A.'s top 10 neighborhoods per Los Angeles Magazine.  Updated home features an open entertainers floor plan with indoor outdoor flow to patios, living room with fireplace, large gourmet kitchen with stainless built-ins including Bosch and Perlick under counter fridge, granite counters, center island and breakfast bar adjoining spacious dining great room with French doors to grassy private yard, master suite with spa tub, dual vanity, walk in closet and French doors leading to private patio, guest suite with bath, and media lounge.

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12800 Sarah St, Studio City

Sales Price:  $1,372,000

Days on Market: 35

Cost per foot:  $548

Square feet: 2506; 4 Beds/4 Baths. Special Notes: Updated Tudor style home is tucked behind mature hedges, with an automatic fence for total privacy. With vaulted ceilings and six skylights, the house is flooded with tons of natural light that contrasts with the new dark wood floors. Newly remodeled kitchen features an 8 foot island, subzero refrigerator, Viking cook-top and custom cabinets. Other impressive features include, an updated den with charming built in's and an inset TV over the fireplace. French doors lead out to a lush grassy yard, with built in BBQ area. Upstairs the master bedroom has beautiful wood shutters, a decorative fireplace and a large bathroom.

3565 Berry Drive, Studio City

Sales Price:  $1,607,000

Days on Market: 65

Cost per foot:  $795

Square feet: 2022; 3 Beds/2 Baths. Special Notes:  Mini-estate-size fixer property is the most genuine mid-century home around: an authentic 1950s home on an estate size property, nearly 30,000 sq.ft. lot surrounded by natural vegetation, a creek and ample privacy. Nostalgic original mid century ambiance. A private driveway leads to a secluded cozy home: Other features of that era are hardwood floors throughout virtually every room, large windows that bring natural light and nature's greenery & beauty into the house. Pool area has views of hills. 3 car garage and a private home office behind. Seclusion and privacy and yet in the heart of Studio City Hills.

3676 Buena Park Drive, Studio City

Sales Price:  $1,800,000

Days on Market: 48

Cost per foot:  $431

Square feet: 4175; 5 Beds/5 Baths. Special Notes:  2015 construction South of the Blvd., attention to detail with designer fixtures and finishes. 24 foot vaulted ceilings upon entry and the open floor plan and generous use of windows fill the home with natural light. The open and spacious gourmet kitchen is family friendly with high end appliances and quartz stone island and counters & custom cabinetry. walk-in closets, large balconies with treetop and backyard views, custom tiled showers, cozy fireplace and stand alone designer bathtubs. The outside entertaining areas feature an outdoor kitchen & BBQ and easy to maintain environmentally friendly landscaped backyard. 

12 New Listings Last Week in Studio City