Studio City Real Estate Market Recap - Week Ending May 29, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending May 29, 2016.

76 active listings on the market in Studio City (down from 84 last week) - prices range from $600,000 to $5,995,000

  • Median price:  $1,699,000 (last week:  $1,695,000)
  • Average days on market: 67 (up from 64);  average cost per foot:  $611 (down from $620)
  • 24 homes for sale over $2,000,000 (up from 23)
  • 27 price reductions  (down from 32 last week)

Pending Home Sales: 48 (same as last week)  - prices ranging from $750,000 to $3,995,000

  • 14 new pending sales last week (up from 6 last week and 10 two weeks ago)

13 Sold Listing (up from 1 last week and 6 two weeks ago)

  • Average Days on Market:  55
  • Average Cost per foot:  $652
  • Median Price:  $1,335,775

10 New Listings Last Week in Studio City

13 Sold Listing Last Week in Studio City