Studio City Real Estate Market Recap - Week Ending May 1, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending May 1, 2016.

73 active listings on the market in Studio City (down from 74 last week) - prices range from $849,000 to $5,995,000

  • Median price:  $1,785,000 (↑)
  • Average days on market: 75 (↑);  average cost per foot:  $622 (↑)
  • 26 homes for sale over $2,000,000  (↑)
  • 34 price reductions  (↑)

Pending Home Sales: 45 (up from 42 last week and 33 two weeks ago)  - prices ranging from $799,500 to $8,500,000

  • 9 new pending sales last week (down from 11 last week and 5 two weeks ago)

6 Sold Listings (up from 5 last week):

  • Median Price: $1.287,500 (last week: $1.015,000)
  • Average days on market:  56 
  • Average cost per foot:  $581 (↑)

7 New Listings Last Week in Studio City

6 Sold Listings Last Week in Studio City

3600 Roberts View Place, Studio City

Sales Price:  $1,700,000

Days on Market: 91

Cost per foot:  $395

Square feet: 4305; 4 Beds/4 Baths. Special Notes: At the end of a private gated road surrounded by incredible views of hills, mountains, and city lights visible from every room. Hardwood flooring and luxury carpet fill the bright and open floor plan with recessed lighting throughout. Glamorous and radiant master suite with two skylights and countless windows to enjoy the most marvelous views of the valley, a private balcony, a fireplace, two separate walk-in closets, Media/family room has plenty of room to relax or entertain and contains built-in cabinetry and desk, and wiithin the award-winning Carpenter Community Charter School District. 

4205 Bellingham, Studio City

Sales Price:  $1,450,000

Days on Market: 43

Cost per foot:  $611

Square feet: 2374; 4 Beds/3 Baths. Special Notes:  Spanish on a corner lot in Footbridge Square, redone by Richard Olander, Entertainer's flow, the home welcomes you with a sweet covered porch and a foyer entry bringing you to the living room with fireplace and built-ins. Formal dining room opens to an outdoor garden, chef's kitchen with caesar stone, walk-in pantry and center-island incorporates seamlessly to the family room with sliding glass doors leading to the pool area. The master retreat with large custom walk-in closet spa like bath with separate tub and shower. Stunning oak floors and Spanish style tile throughout the first level. Large front yard, custom wood entry, pocket doors and artistic ironwork.

4000 Goodland Place, Studio City

Sales Price:  $1,400,000

Days on Market: 3

Cost per foot:  $699

Square feet: 2003; 3 Beds/2 Baths. Special Notes:  Located south of Ventura Blvd, meticulously remodeled and expanded 3 years ago with little expense spared. The property features a family room, formal living & dining room, large laundry room and  kitchen with Viking appliances, custom, furniture quality cabinetry, leather finished granite counters, glass subway tile back-splash and contrasting island with polished Brazilian quartzite counter-top. White picket fence and mature trees, this designer-done property has been smooth coated and features, new dual paned windows, wood floors, crown & base molding, new copper plumbing, electrical, roof, landscape, hard-scape, drainage, dual tank-less water heater's, finished attic, finished garage, abundant recessed lighting, new chimney with honed limestone fossil fireplace in the living room, Restoration Hardware style bathrooms, and an elegantly landscaped private entertainer's backyard.

4008 Goodland Ave, Studio City

Sales Price:  $1,175,000

Days on Market: 37

Cost per foot:  $575

Square feet: 2045; 3 Beds/2 Baths. Special Notes: Charming Spanish in the heart of Studio City, South-of-Boulevard cosmetic fixer with mature trees. Living room with fireplace, Formal dining room, Spacious family room with fireplace adjoins the kitchen. Kitchen with Viking stainless steel appliances including double ovens and 6-burner range. Hardwood flooris throughout, plantation shutters. Located in Dixie Canyon Charter district.

12739 Halkirk, Studio City

Sales Price:  $1,040,000

Days on Market: 50

Cost per foot:  $589

Square feet: 1765; 3 Beds/2 Baths. Special Notes: Gracious home in a very nice flat area south of Ventura, Breakfast room, formal Dining, newer cabinets in kitchen, laundry room behind kitchen. Living room, with fireplace and next to a wood paneled family room. Lovely area to walk and feel nature and the city very close to each other. 

4029 Coldwater Canyon Ave, Studio City

Sales Price:  $975,000

Days on Market: 110

Cost per foot:  $461

Square feet: 2116; 4 Beds/2 Baths. Special Notes: One story home with a pool, south of the blvd on a 9,554 sqft lot. Almost original interior features offers a clean slate for an investor. Needs a buyer to come in and give it some TLC. One bedroom converted into a studio apartment may not be permitted.