Studio City Real Estate Market Recap - Week Ending July 17, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending July 17, 2016.

93 active listings on the market in Studio City (up from 89 last week) - prices range from $749,000 to $4,975,000

  • Median price:  $1,599,000 (last week: $1,649,000)
  • Average days on market: 72 (down slightly from 76 last week;  average cost per foot:  $594 (down from $607)
  • 33 homes for sale over $2,000,000 (up from 33)
  • 39 price reductions  (up from 31 last week)

Pending Home Sales: 49 (down from 54 last week)  - prices ranging from $534,900 to $2,685,000

  • 5 new pending sales last week (↓) from 11 last week

11 Sold Listings (up from 5 last week)

  • Average Days on Market:  56  (↑) 
  • Average Cost per foot:  $716 (↑)  
  • Median Price: $1,220,000 (last week: $1,334,545)

11 New Listings Last Week in Studio City

11 Sold Listing Last Week in Studio City