Studio City Real Estate Market Recap - Week Ending June 19, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending June 19, 2016.

89 active listings on the market in Studio City (down from 92 last week) - prices range from $749,000 to $5,995,000

  • Median price:  $1,699,000 (same as last week)
  • Average days on market: 73 (up from 68;  average cost per foot:  $605 (down from $615)
  • 32 homes for sale over $2,000,000 (up from 30)
  • 36 price reductions  (down from 40 last week)

Pending Home Sales: 55 (up from 48 last week)  - prices ranging from $600,000 to $2,648,500

  • 14 new pending sales last week (down from 7 last week)

5 Sold Listings (up from 3 last week)

  • Average Days on Market:  59  (↑)  
  • Average Cost per foot:  $671  (↑)  
  • Median Price:  $1,850,000 (↑)  

10 New Listings Last Week in Studio City

5 Sold Listing Last Week in Studio City

4518 Laurelgrove, Studio City

Sales Price:  $868,000

Days on Market: 48

Cost per foot:  $694

Square feet: 1249; 2 Beds/2 Baths. Remodeled single story home in a sought-after neighborhood. Upgraded throughout including a spacious kitchen with new cabinetry, quartz counter tops, stainless appliances and a breakfast bar. Other amenities include beautiful wood laminate floors, private backyard with new wood deck, patio complete with  pond and waterfall. 

4376 Irvine, Studio City

Sales Price:  $1,039,000

Days on Market: 24

Cost per foot:  $793

Square feet: 1258; 3 Beds/2 Baths. Freshly renovated home in the sought after Colfax Meadows area of Studio City. Home is updated throughout; a courtyard separates the home from the street, affording you privacy as well as additional outdoor living space off of the living room. The master bedroom has an en suite bath, a walk in closet, and french doors leading to the lush and very private backyard. It has an open floorplan, it's light and bright, and is only a short walk to Tujunga Village. 

12449 Hortense, Studio City

Sales Price:  $1,850,000

Days on Market: 79

Cost per foot:  $513

Square feet: 3700; 5 Beds/6 Baths. Newly constructed East Coast Traditional with comfort & gracious ambiance, eloquently expressed in the finest of finishes & building elements. The inspired exterior has a vibrant presence. Radiant interiors express the latest in modern living. Sunlit rooms are in perfect scale. Luxurious baths are adorned in Carrera marble. The inspired kitchen is a culinary masterpiece appointed with top-of-the-line Thermador appliances & handmade tile. Walls of folding glass give way to the terrace, waterfalls, baja pool & spa & BBQ island: The ideal setting for warm, relaxed poolside lounging by day; cool gatherings & lavish entertaining under the stars by night. 

4170 Kraft, Studio City

Sales Price:  $2,365,000

Days on Market: 24

Cost per foot:  $639

Square feet: 3700; 5 Beds/5 Baths. Colfax Meadows new construction combines rustic charm with modern luxury. Wide planked weathered oak flooring and high ceilings throughout. Formal living room with custom fireplace and adjacent formal dining with wood-accented ceilings and butler's pantry. Gourmet chef's kitchen with Thermador appliances, Michelangelo Carrera marble counters, custom glazed cabinetry, and walk-in pantry. Family room with wood ceilings, fireplace, and bi-folding doors opens out to a covered outdoor living space. Master suite with fireplace, walk-in closet, and spa-like bath with soaking tub and glass shower. A true entertainer's home with indoor/outdoor speakers, outdoor living room, pool, spa, and stacked stone water feature. 

3415 coldwater Canyon, Studio City

Sales Price:  $3,770,000

Days on Market: 119

Cost per foot:  $694

Square feet: 5432; 6 Beds/7 Baths. Winner of Wall Street Journal's Home of the Month and majestically positioned atop a long driveway on a 2-acre knoll, straddling the border of BHPO & Studio City, an unparalleled estate-compound (w/guest house) Re-imagined from the ground up, & realized w/the efforts of the best in their respective trades, this modern interpretation of luxurious living must be experienced firsthand to be appreciated. Shaws original farm sinks, Wolf double range with custom stainless-steel tile backsplash, Tigerwood flrs, Kohler bathtubs, Toto Neorest automatic toilets & a Kagan Water System. Architecturally designed to be light, bright, & airy, this home boasts a central great-room with 24ft wood ceilings & exposed cross beams. Generously proportioned windows & glass doors frame views of surrounding lush grounds, a pool w/spa, panoramas of hills, & lights of the valley below.