Studio City Real Estate Market Conditions & Reports, Studio City Market Trends, California

Market Commentary Provided by Anita Rich
If you can qualify, now is an exceptional time to buy a home in Studio City. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 818-632-2258

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Anita Rich
Keller Williams Realty
Encino, California
818-632-2258
anita@arichgroup.com
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Nearest Metro Area

Los Angeles

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$700,000 - View Graph Trend

Best Selling Price Range

$650,000 - $699,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 5-10%

Prices As % of Asking Price

80-85%

Multiple Offers?

Yes

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Studio City is

Increasing

Seller Activity for the past 90 days in Studio City is

Increasing

Is Financing Available For Qualified Buyers in Studio City?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

10-15%

Housing Hot Spots

Most cities within the Los Angeles County area are considered 'Housing Hotspots'. Studio City is adjacent to the Hollywood Hills as well. There are many restaurants and chic boutiques along the well known

Reason to Buy/Sell

Affordable prices for condos with good selection and competitive interest rates creates a perfect time to buy in Studio City! The public school system is much sought after as well. Excellent location in easy proximity to the west side of Los Angeles. The city expands from the flats to the hills leading to Hollywood Hills and is made more desirable by trees, and a fabulous trail maintained by the ''tree people

Average Sold Price

$700,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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