Studio City Real Estate Market Recap - Week Ending May 15, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending May 15, 2016.

79 active listings on the market in Studio City (up from 73 last week) - prices range from $829,900 to $5,995,000

  • Median price:  $1,695,000 (last week: $1,699,000)
  • Average days on market: 70 (down from 73);  average cost per foot:  $582 (no change)
  • 23 homes for sale over $2,000,000 (down from 25)
  • 33 price reductions  (up from 33 last week)

Pending Home Sales: 47 (up from 40 last week and 45 two weeks ago)  - prices ranging from $799,900 to $2,900,000

  • 10 new pending sales last week (up from 8 last week)

6 Sold Listings (down from 8 last week):

  • Median Price: $1.505,000 (last week: $1.847,000)
  • Average days on market:  40 (up from 38)
  • Average cost per foot:  $541 (down from $613)

12 New Listings Last Week in Studio City

6 Sold Listings Last Week in Studio City

3384 Canton Lane, Studio City

Sales Price:  $2,582,000

Days on Market: 28

Cost per foot:  $533

Square feet: 4842; 5 Beds/6 Baths. Special Notes:  Contemporary estate is located on a huge 20,000 +- lot in the coveted Studio City Hills on a quiet secluded cul-de-sac. Features include: hardwood floors throughout, stainless steel appliances, beautiful finishes in the kitchen and bathrooms, guest house (living room, kitchen, 2 bedrooms and 2 bathrooms), light and bright indoor-outdoor flow, pool & spa, huge grassy yard perfect for play and entertaining, Carpenter Community Charter School District.

4365 Farmdale, Studio City

Sales Price:  $1,995,000

Days on Market: 35

Cost per foot:  $465

Square feet: 4289; 5 Beds/5 Baths. Special Notes: Sophisticated and Elegant appointed Cape Cod is immaculate. Farmdale will leave your family and guests with feelings of warmth, sophistication and elegance. You're surrounded in the front and back by meticulously maintained private hedges that only years of grooming and attention can achieve. Located in coveted Colfax Meadows and the Carpenter School District with Tujunga Village only a stroll away.

11212 Canton Drive, Studio City

Sales Price:  $1,560,000

Days on Market: 92

Cost per foot:  $473

Square feet: 3297; 4 Beds/4 Baths. Special Notes: Charming French Country Home with English Gardens, South of Blvd. Set at the end of a quiet cul-de-sac, perched on a gentle knoll and surrounded by lush landscape. Home features include a beautiful living room with hardwood floors, fireplace and built-in bookshelves. Family room also features a warm fireplace, french doors to gardens and is open to the gorgeous country kitchen. Kitchen includes a huge center island, Sub Zero frig, double Viking oven,and cooktop, custom cabinetry including a built-in china hutch, built-in window seat along the beautiful bay window and rich hardwood plank flooring. 

3156 Dona Sofia Drive, Studio City

Sales Price:  $1,450,000

Days on Market: 64

Cost per foot:  $592

Square feet: 2451; 3 Beds/3 Baths. Special Notes: 1960s contemporary classic sited on a sublime cul-de-sac in the East Donas;. The exterior is a lush, eco-friendly fusion of natural stone, floral, & greenery. Inside, a desirable floor plan awaits, designed for both the formal & informal entertainer. Wood floors grace the living areas. Interior colors are crisp & bright. Bedrooms are well proportioned with expansive walk-in closets. The master suite features an adjoining bonus room perfect for the home office, nursery or additional closet space for the fashionista. The inspired, newly remodeled kitchen is well appointed with stainless steel appliances, gleaming granite countertops, & adjoining breakfast room. 

11480 Amanda Drive, Studio City

Sales Price:  $1,400,000

Days on Market: 0

Cost per foot:  $509

Square feet: 2751; 3 Beds/3 Baths. Special Notes: Gated estate site on charming quiet country lane chosen by celebrities and other privacy seekers for lovely home settings. Potential overload here with endless opportunities to create something special and to expand footprint of current house, lot shape, size, location of pool.

4224 Teesdale, Studio City

Sales Price:  $1,225,000

Days on Market: 19

Cost per foot:  $676

Square feet: 1812; 2 Beds/2 Baths. Special Notes:  Great location and so many possibilities home in prime Studio City. Private front porch. Close to trendy restaurants, golf, tennis, parks, library, Universal Studios, upscale shops, and the Studio City Farmer's Market.