Your Real Estate Market Update

Studio City, CA

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



Studio City, CA

Thu Feb 21 2019
This week the median list price for Studio City, CA is $2,235,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 50. Click here to stay informed with the Studio City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Studio City, CA

Thu Feb 21 2019
This week the median list price for Studio City, CA is $2,235,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 50. Click here to stay informed with the Studio City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $2,235,000
Per Square Foot $694
Days on Market 133
Price Decreased 46%
Price Increased 0%
Relisted 38%
Inventory 50
Median House Rent $4,998
Most Expensive $8,995,000
Least Expensive $999,950
Market Action Index
Slight Seller's Advantage
39

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,772,500 5,031 0.5 - 1 acre 5 5 52 0 3 149
$2,659,000 4,242 0.25 - 0.5 acre 5 4 53 0 2 123
$1,799,000 2,784 0.25 - 0.5 acre 4 3 52 2 0 119
$1,360,000 1,965 6,500 - 8,000 sqft 3 1 57 0 5 142