Studio City Real Estate Market Recap - Week Ending August 7, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending August 7, 2016.

88 active listings on the market in Studio City (down from 99 last week and 100 two weeks ago) - prices range from $749,000 to $4,975,000

  • Median price:  $1,599,000 (last week: $1,599,000)
  • Average days on market: 71  (from 73 last week;  average cost per foot:  $597 (down from $583 last week)
  • 28 homes for sale over $2,000,000 (down from 33)
  • 37 price reductions  (up from 33 last week)

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

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

8 Sold Listings (9 last week)

  • Average Days on Market:  59 (↑)
  • Average Cost per foot:  $592 (↑)
  • Median Price: $1,307,000 (last week: $1,505,000)
PENDING SALES DOWN 38% IN STUDIO CITY.  ASK ME WHAT THAT MEANS TO YOU.  

PENDING SALES DOWN 38% IN STUDIO CITY.  ASK ME WHAT THAT MEANS TO YOU.  

8 New Listings Last Week in Studio City

8 Sold Listing Last Week in Studio City