Studio City Real Estate Market Recap - Week Ending August 14, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending August 14, 2016.

101 active listings on the market in Studio City (up from 88 last week and 100 two weeks ago) - prices range from $749,000 to $5,490,000

  • Median price:  $1,599,000 (last week: $1,599,000)
  • Average days on market: 69  (from 71 last week;  average cost per foot:  $595 (down from $597 last week)
  • 30 homes for sale over $2,000,000 (up from 28)
  • 42 price reductions  (up from 37 last week)

Pending Home Sales: 40 (down from 44 last week)  - prices ranging from $699,000 to $2,995,000

  • 4 new pending sales last week, (↓) from 9 last week

7 Sold Listings (8 last week)

  • Average Days on Market:  49 (↓)
  • Average Cost per foot:  $628 (↑)
  • Median Price: $1,700,000 (last week: $1,307,000)
PENDING SALES DOWN 56% IN STUDIO CITY.  ASK ME WHAT THAT MEANS TO YOU.  

PENDING SALES DOWN 56% IN STUDIO CITY.  ASK ME WHAT THAT MEANS TO YOU.  

13 New Listings Last Week in Studio City

7 Sold Listing Last Week in Studio City