Studio City Real Estate Year In Review 2015

Studio City Home Values Year In Review

Single Family Sales

349 Studio City Single Family Homes For Sale closed escrow in 2015. The average sales price was $1,432,346. Average sales price per square foot was $575. The highest price sale sold for $3,995,000 & boasted 4 bedrooms, 6 baths and 5,598 square feet. The lowest priced home, a short sale, had 2 bedrooms, 1 bath and 1,260 square feet and sold for $595,000. Average days on the market for all Studio City Single Family homes was 56.

Condos and Townhomes

200 Studio City Condos/Townhomes closed escrow in the same time frame. The average sales price was $540,123. Average sales price per square foot was $399. The highest sales price was $969,000 for a 3 bedroom 3 bath, 1,910 square foot condo. The lowest price sale was a condo with 1 bedroom, 1 bath, 700 square feet and sold for $265,000.

If inventory and interest rates remain low then 2016 should prove to be another great year for sellers. Right now there is a 2.3 month inventory of active listings in the San Fernando Valley making this a seller’s market. Six months is considered a balanced market.

Although the best way to get an accurate price opinion of your home is to have us visit we have made it quick and easy for you to get a pretty good idea with our Studio City Home Value Tool. In just two simple steps you will have up-to-date comps delivered to your inbox usually within minutes. Then you will be kept updated with new sales as they happen. Give it a try.

Want To Find Out The Value Of Your Studio City Home? CLICK HERE And Use Our Easy Two Step Home Value Tool

To Search The MLS For Studio City Homes For Sale CLICK HERE