Studio City, CA, remains a highly desirable location, balancing luxury living with vibrant community life. This report delves into the latest market trends, offering valuable insights for buyers and sellers.
Market Overview:
- Median List Price: $2,772,500
- Median Price of New Listings: $2,495,000
- Price per Square Foot: $981
- Average Days on Market: 73 days
- Median Days on Market: 42 days
- Price Decreased: 39%
- Price Increased: 1%
- Relisted: 15%
- Inventory: 82 homes
- Median Rent: $10,000
- Market Action Index: 36 (Slight Seller's Advantage)
Market Segments:
- Top Tier:
- Median Price: $4,996,500
- Average Size: 5,344 sqft
- Upper Tier:
- Median Price: $3,339,500
- Average Size: 3,184 sqft
- Lower Tier:
- Median Price: $2,295,000
- Average Size: 2,688 sqft
- Bottom Tier:
- Median Price: $1,499,000
- Average Size: 1,576 sqft
Market Dynamics:
- The market is slightly favoring sellers, with steady inventory and stable pricing.
- Median rent remains high at $10,000, reflecting the area's desirability.
- Homes in the top and upper tiers are moving relatively quickly, indicating strong demand.
Neighborhood Insights:
Studio City is renowned for its excellent amenities, top-rated schools, and proximity to entertainment hubs. The blend of urban convenience and suburban comfort makes it an ideal choice for families and professionals.
Contact Information:
For more information or to explore similar properties, please contact:
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
Whether you're looking to buy or sell in Studio City, our experienced team is here to assist you every step of the way. Reach out to Andrew or Fran for personalized advice and exclusive listings.
