Studio City Real Estate Market Recap - Week Ending April 17, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending April 17, 2016.

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

  • Median price:  $1,824,500 (↑)
  • Average days on market: 72;  average cost per foot:  $631 (↑)
  • 27 homes for sale over $2,000,000 (↓)
  • 32 price reductions (same as last week)

Pending Home Sales: 33 (down from 37 last week and 45 two weeks ago)  - prices ranging from $760,000 to $2,695,000

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

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

  • Median Price: $1.365,000 (last week: $1.331,250)
  • Average days on market:  62  (↑)
  • Average cost per foot:  $543 (↓)

9 New Listings Last Week in Studio City

6 Sold Listings Last Week in Studio City

12326 Laurel Terrace, Studio City

Sales Price:  $655,000

Days on Market: 52

Cost per foot:  $682

Square feet: 960; 2 Beds/1 Baths. Special Notes:   Urban Modern, pied-~-terre located in the Studio City, Silver Triangle. Clean Mid-Century home has not been on the market in over 20 years and it has been well cared for. Sun drenched interior has clean lines, hardwood floors and walls of glass that open to a large balcony off the living room. Nice sized bedrooms, marble tiled floors in the bath and adorable dining area off the kitchen. 

11353 Brill Drive, Studio City

Sales Price:  $715,000

Days on Market: 56

Cost per foot:  $698

Square feet: 1024; 2 Beds/1 Baths. Special Notes:  For buyers looking for a remodel, and investors and builders. Remarkable property south of Ventura Blvd in the Studio City Hills; many possibilities with this 3 bedroom 2 bathroom home set on a secluded street. Tiered backyard with lush fruit trees and foliage.  There is a downstairs that is not showing permits which adds approximately 1000 sq ft & additional bedroom and bath.

3995 Avenida del Sol, Studio City

Sales Price:  $975,000

Days on Market: 15

Cost per foot:  $564

Square feet: 2681; 3 Beds/3 Baths. Special Notes:   Architectural 70's Fixer located by Harvard Westlake School south of Ventura Blvd. Dramatic living room features two story vaulted ceilings, fireplace,and a wall of windows and doors leading out to back patio. Huge master suite with lots of closet space, vaulted ceilings, sauna, separate tub and shower. Glass doors lead from master suite to upper decking and yard. All bedrooms have vaulted ceilings. Huge upside potential. 

4428 Bellingham, Studio City

Sales Price:  $1,365,000

Days on Market: 91

Cost per foot:  $479

Square feet: 2850; 4 Beds/3 Baths. Special Notes:  Designer done located in prime Studio City. Many detailed architectural elements such as a fabulous staircase in the foyer and soaring ceilings. Both living room and family room have a fireplace and hardwood floors. Formal dining room opens to a gourmet kitchen with stainless appliances, including a Thermador range, double convection oven, Caesarstone counters & marble floors. Family room with built-ins, and French doors to an entertainers patio with pool and spa. Upstairs is a spacious private master suite. Downstairs fourth bedroom with built-ins, perfect for a home office. 

11431 Dona Teresa, Studio City

Sales Price:  $1,515,000

Days on Market: 84

Cost per foot:  $587

Square feet: 2580; 4 Beds/4 Baths. Special Notes:  Mid-century modern architectural house with spectacular mountain, canyon and city views. Home has many original features making this one of a kind opportunity to obtain remarkable views at an attractive price. 

4343 Teesdale, Studio City

Sales Price:  $1,890,000

Days on Market: 54

Cost per foot:  $494

Square feet: 3825; 4 Beds/4 Baths. Special Notes:   Cape Cod with a modern twist with French oak floors, paneled walls of washed gray, Thermador appliances, un-lacquered brass fixtures and pulls, Newport Brass, Toto, Caesarstone, Mr Steam, Crestron Smart House, are just a few of the incredible upgrades that will impress your buyers. Four bedrooms up, and a library down with incredible flow into a family room and kitchen combo overlooking a plunge pool/spa plus grassy yard and tall hedges for privacy.

12712 Landale, Studio City

Sales Price:  $2,375,000

Days on Market: 83

Cost per foot:  $494

Square feet: 4807; 5 Beds/6 Baths. Special Notes:  New construction house on a huge lot at the end of a cul-de-sac with access to Beeman park.  3 car garage, large salt water pool, and a grand 20ft entrance which blends seamlessly with the entire house to give it a bright open feeling with almost no hallways and 5 very large bedrooms with their own private bath and walk-in closet, and an office. Smart home with lavish white custom woodwork, marble, state of the art appliances, and also the warm hardwood floors, light and bright.