Your Real Estate Market Update

Studio City, CA

Single-Family Homes

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



Studio City, CA

Wed Jul 17 2019
This week the median list price for Studio City, CA is $1,795,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 80. 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

In the last few weeks, 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. Watch for an up-shift in the MAI before price stability is achieved.

Studio City, CA

Wed Jul 17 2019
This week the median list price for Studio City, CA is $1,795,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 80. 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

In the last few weeks, 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. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Studio City market.
Median List Price $1,795,000
Per Square Foot $724
Days on Market 93
Price Decreased 43%
Price Increased 1%
Relisted 21%
Inventory 80
Median House Rent $8,200
Most Expensive $7,980,000
Least Expensive $935,000
Market Action Index
Slight Seller's Advantage
37

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$4,847,500 5,433 0.5 - 1 acre 5 5 14 3 1 129
$2,287,000 3,223 0.25 - 0.5 acre 4 3 55 1 2 84
$1,586,995 2,539 8,000 - 10,000 sqft 3 2 63 2 4 74
$1,249,500 1,879 6,500 - 8,000 sqft 3 1 65 3 2 85