Studio City Real Estate Market Recap - Week Ending August 21, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending August 21, 2016.

103 active listings on the market in Studio City (up from 101 last week and 88 two weeks ago) - prices range from $7p9,000 to $5,490,000

  • Median price:  $1,599,000 (last week: $1,599,000)
  • Average days on market: 67 (↓); average cost per foot:  $598 (↑)
  • 29 homes for sale over $2,000,000 (↓) 
  • 40 price reductions (↓)

Pending Home Sales: 40 (unchanged)  - prices ranging from $534,900 to $3,100,000

  • 9 new pending sales last week (up from 4 the previous week)

6 Sold Listings (7 last week)

  • Average Days on Market:  56 (↑)
  • Average Cost per foot:  $554 (↓)
  • Median Price: $1,700,000 (last week: $1,337,500)
Pending sales down 53% in Studio City

Pending sales down 53% in Studio City

19 New Listings Last Week in Studio City

6 Sold Listing Last Week in Studio City