This week, the median list price for Studio City, CA is $2,799,000, with the Market Action Index (MAI) at 34, down from last month’s 35. Inventory has increased to 76 properties, maintaining a slight seller’s advantage. Stay informed with the latest Studio City market trends!
Market Action Index
The Market Action Index tracks supply and demand balance:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 35
While the market has remained stable, low inventory levels continue to favor sellers. However, if inventory continues to rise, price adjustments could follow.
Market Narrative
The Studio City real estate market has reached a relative balance, with demand matching supply. Prices have recently resumed upward pressure, but further trends will depend on inventory shifts and buyer activity.
Real-Time Market Profile
Key market data for Studio City this week:
- Median List Price: $2,799,000
- Median Price of New Listings: $2,189,000
- Price per Square Foot: $976
- Average Days on Market: 124
- Median Days on Market: 95
- Price Decreased: 38% of listings
- Price Increased: 3% of listings
- Relisted Properties: 34%
- Inventory: 76 properties
- Median Rent: $12,468 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 |
|---|---|---|---|---|---|---|---|---|
| $5,150,000 | 5,101 | 0.25 - 0.5 acre | 5 | 5.5 | 13 | 1 | 1 | 42 |
| $3,495,000 | 3,894 | 0.25 - 0.5 acre | 5 | 5 | 46 | 1 | 2 | 119 |
| $2,395,000 | 2,785 | 8,000 - 10,000 sqft | 4 | 2.5 | 64 | 1 | 1 | 119 |
| $1,650,000 | 1,742 | 6,500 - 8,000 sqft | 3 | 2 | 75 | 4 | 4 | 84 |
Conclusion
Studio City remains a slight seller’s market, with low inventory supporting stable prices. Watch for further changes in the Market Action Index, as rising inventory could shift the market dynamic.
Contact Information
For expert insights and real estate opportunities in Studio City, 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!
