Studio City Real Estate Market Recap - Week Ending September 25, 2016

A weekly recap and behind the scenes look at what happened in Studio City real estate home sales for the week ending September 25, 2016.

99 active listings on the market in Studio City (unchanged) - prices range from $699,999 to $3,750,000

  • Median price:  $1,699,000 (last week: $1,699,000)
  • Average days on market: 79 (↑); average cost per foot:  $588 (↓)
  • 38 homes for sale over $2,000,000 (↑)
  • 45 price reductions (↑)

Pending Home Sales: 50 (↑) prices ranging from $534,900 to $4,299,950

  • 13 new pending sales last week (same as the previous week)

5 Sold Listings (6 the previous week)

  • Average Days on Market:  21 (↓)
  • Average Cost per foot:  $599 (↓)
  • Median Price: $1,125,000 (last week: $1,267,500)
Months Supply of Inventory up 49%

Months Supply of Inventory up 49%

9 New Listings Last Week in Studio City

5 Sold Listing Last Week in Studio City