Your Real Estate Market Update

Studio City, CA

Single-Family Homes

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



Studio City, CA

Tue Jun 18 2019
This week the median list price for Studio City, CA is $1,799,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 87. 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

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Studio City, CA

Tue Jun 18 2019
This week the median list price for Studio City, CA is $1,799,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 87. 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

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $1,799,000
Per Square Foot $696
Days on Market 88
Price Decreased 41%
Price Increased 0%
Relisted 21%
Inventory 87
Median House Rent $7,000
Most Expensive $7,980,000
Least Expensive $962,600
Market Action Index
Slight Seller's Advantage
36

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$4,495,000 5,807 0.5 - 1 acre 5 5 5 1 0 112
$2,288,500 3,322 6,500 - 8,000 sqft 4 3 38 4 3 96
$1,689,000 2,613 8,000 - 10,000 sqft 3 2 58 3 0 95
$1,297,000 1,873 6,500 - 8,000 sqft 3 1 69 5 3 52