This week, the median list price for Studio City, CA is $2,850,000, with the Market Action Index (MAI) at 35, up from last month’s 33. Inventory has increased to 69 properties, maintaining a slight seller’s advantage. Stay informed with the latest trends in the Studio City market!
Market Action Index
The Market Action Index tracks supply and demand balance:
- Current MAI: 35 (Slight Seller’s Advantage)
- Last Month’s MAI: 33
With home sales continuing to outpace supply, the MAI has been rising for several weeks. If this trend persists, expect upward pricing pressure in the coming months.
Market Narrative
The Studio City market remains competitive, with demand consistently exceeding available inventory. If supply continues to tighten, prices are likely to increase further. Buyers should be prepared for a fast-moving market, while sellers can take advantage of strong demand and rising values.
Real-Time Market Profile
Key market data for Studio City this week:
- Median List Price: $2,850,000
- Median Price of New Listings: $2,747,500
- Price per Square Foot: $957
- Average Days on Market: 129
- Median Days on Market: 105
- Price Decreased: 42% of listings
- Price Increased: 3% of listings
- Relisted Properties: 33%
- Inventory: 69 properties
- Median Rent: $12,318 per month
Market Segments
Studio City properties are categorized into four key segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,995,000 | 5,101 | 0.25 - 0.5 acre | 5 | 6 | 11 | 3 | 1 | 42 |
| $3,450,000 | 3,894 | 8,000 - 10,000 sqft | 5 | 4.5 | 43 | 1 | 2 | 112 |
| $2,399,000 | 2,940 | 0.25 - 0.5 acre | 4 | 3 | 62 | 1 | 2 | 119 |
| $1,775,000 | 1,933 | 6,500 - 8,000 sqft | 3 | 2.3 | 76 | 3 | 3 | 73 |
Conclusion
Studio City’s real estate market is showing increased activity, with rising demand and limited supply keeping sellers in a favorable position. Buyers should act quickly to secure properties, as continued MAI increases could lead to further price appreciation.
Contact Information
For expert guidance on Studio City real estate, reach out to the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest market insights in Studio City!
