Studio City Real Estate Market Recap - Week Ending July 31, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending July 31, 2016.

99 active listings on the market in Studio City (down from 100 last week and 93 two weeks ago) - prices range from $534,900 to $4,975,000

  • Median price:  $1,599,000 (last week: $1,592,000)
  • Average days on market: 73 (up from 67 last week;  average cost per foot:  $583 (down from $588 last week and $594 two weeks ago)
  • 33 homes for sale over $2,000,000 (up from 30)
  • 33 price reductions  (down from 37 last week)

Pending Home Sales: 44 (down from 50 last week)  - prices ranging from $829,000 to $2,995,000

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

9 Sold Listings (up from 4 last week)

  • Average Days on Market:  52 (↑)
  • Average Cost per foot:  $565 (↓)
  • Median Price: $1,505,000 (last week: $1,349,500)
Months supply of Inventory up 266% in Studio City.  Ask Me what that means to you.  

Months supply of Inventory up 266% in Studio City.  Ask Me what that means to you.  

6 New Listings Last Week in Studio City

9 Sold Listing Last Week in Studio City