Studio City Real Estate Market Recap - Week Ending May 8, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending May 8, 2016.

73 active listings on the market in Studio City (down from 74 last week) - prices range from $829,900 to $5,995,000

  • Median price:  $1,699,000 (last week: $1,785,000)
  • Average days on market: 73 (down from 75);  average cost per foot:  $582 (down from $622)
  • 25 homes for sale over $2,000,000
  • 31 price reductions  (down from 34 last week)

Pending Home Sales: 40 (down from 45 last week and 42 two weeks ago)  - prices ranging from $929,000 to $2,900,000

  • 8 new pending sales last week (down from 9 last week)

8 Sold Listings (up from 6 last week):

  • Median Price: $1.847,000 (last week: $1.287,500)
  • Average days on market:  38 (down from 56)
  • Average cost per foot:  $613 (↑)

14 New Listings Last Week in Studio City

8 Sold Listings Last Week in Studio City