Friday, October 16, 2015

Studio City CA Real Estate Market Update

Studio city is located in the San Fernando Valley area in southern california. It is neighboring on the north east with Toluca Lake, on the north with North Holllywood, east with Universal City (Universal Studios) and on the west side with Sherman Oaks. It is an small city but real estate here is very pricey.
Active: As of today October 16, 2015 there are 87 available homes for sale in Studio City, CA. one of them is on notice of default the rest are standard sales.  Eleven home listings are under one million dollar the rest go from $1,030,000 to $6,500,000. Average days on the market: 61
Pending Status: There are 23 homes on pending status with prices starting at $730,000 all the way to $2,850,000. Two of them are homes on probate status and another two are short sales, the rest are standard sales, with an average of 45 days on the market.
Sold: Eleven homes closed escrow and only one was under 1 million the rest were above it; all of them were standard sales. Average days on the market 35 days.
Expired: Only 5 expired and alll of them were standard sales and priced above a million dollar. Average days on the market 115.
Canceled:  Three home listings were canceled, all of them above a million dollar, with an average of 91 days on the market.
 Hold do not show: 2 and one of them were on short sale, meanwhile the 3 Withdrawns were standard sales.
On the Tird Quarter (07/01/15- 09/30/15) 97 homes were sold. Minimum listing price $740,000, Selling Price $740,000 with 2 bedrooms, 1 bath, 943 sq ft home and 4804 sq ft lot.
Maximum Listing Price $ 3,795,000, Selling Price $ 3,400,000, with 6 bedrooms, 7 baths, 5593 sq ft home, 55,338 sq ft lot and 203 days on market.
Average Listing Price $1,590,818, Selling Price $ 1,560,519 with 4 bedrooms, 3 bath, 2633 sq ft home, 10,470 sq ft lot and 55 days on market.
 From all the sales, 4 were probates, 1 bank owned aka reo, 1 short sale and the rest standard sales.

Curious about your home value?  Check:

Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant  Real Estate News, Mortgages, Trends
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