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Winter 2012 Market Update
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
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| Average Home Price | $700,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $650,000 - $699,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Studio City is | Increasing |
| Seller Activity for the past 90 days in Studio City is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| 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 |
| Nearest Metro Area | Los Angeles |
| 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 |
| Average Sold Price | $700,000 - View Graph Trend |
Studio City Local News
The Rich Group Loves Studio City - Tuesday December 15th, 2009 7:04pm
Studio City is and will forever be the Beverly Hills of the San Fernando Valley.
No matter what the rest of the California real estate market might look like, Studio City is always a choice for buyers because this small city is elegant without being pretentious. For example there are many intimate restaurants and boutiques with personable service and an international flair, excellent schools, and beautiful homes which all make Studio City a very desirable location in which to take root for both families and the Jet Set.
Gourmet eateries and grocers such as Whole Foods (www.wholefoods.com) and Artesian Cheese Gallery (http://artisancheesegallery.com) allow the Pampered Chef (www.pamperedchef.biz/richlifecuisine) in us all to grow and enjoy worldly tastes right here in our little city. A gourmet farmers market is held every Sunday from 8am to 1pm on Ventura Place (connecting Laurel Canyon and Ventura boulevards). The street is blocked off to vehicular traffic so f... [ + Read Full Article ]
Contact Information
Anita Rich
818-632-2258
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Anita Rich
Keller Williams Realty
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 818-632-2258
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