Studio City Real Estate Market Recap - Week Ending July 3, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending July 3, 2016.

89 active listings on the market in Studio City (down from 95 last week) - p,rices range from $749,000 to $4,999,000

  • Median price:  $1,649,000 (same as last week)
  • Average days on market: 76 (up slightly from 73 last week;  average cost per foot:  $607 (down slightly from $610)
  • 29 homes for sale over $2,000,000 (down from 31)
  • 31 price reductions  (down from 34 last week)

Pending Home Sales: 54 (up from 51 last week)  - prices ranging from $600,000 to $2,685,000

  • 12 new pending sales last week (up from 7 last week)

5 Sold Listings (down from 8 last week)

  • Average Days on Market:  49 (↓)
  • Average Cost per foot:  $636 (↑)  
  • Median Price: $1,334,545 (last week: $1,265,000)

5 New Listings Last Week in Studio City

9 Sold Listing Last Week in Studio City