Studio City Real Estate Market Recap - Week Ending July 24, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending July 24, 2016.

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

  • Median price:  $1,592,000 (last week: $1,599,000)
  • Average days on market: 67 (down slightly from 72 last week and 76 two weeks;  average cost per foot:  $588 (down from $594 last week and $607 two weeks ago)
  • 30 homes for sale over $2,000,000 (down from 33)
  • 37 price reductions  (down from 39 last week)

Pending Home Sales: 50 (up from 49 last week)  - prices ranging from $534,900 to $3,699,000

  • 9 new pending sales last week, (↑) from 5 last week

4 Sold Listings (down from 11 last week)

  • Average Days on Market:  41 (↓)
  • Average Cost per foot:  $630 (↓)
  • Median Price: $1,349,500 (last week: $1,220,000)
Homes for sale on the rise in Studio City.

Homes for sale on the rise in Studio City.

15 New Listings Last Week in Studio City

4 Sold Listing Last Week in Studio City