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Market Trends
Commentary Provided byAnita 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 |
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| Report Date | Winter 2010 | ||
| 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. Click here for full article... | |||
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Anita Rich
Keller Williams Realty Encino, California 818-632-2258 anita@arichgroup.com Agent Home Page 
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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 families can roam freely, enjoying not only international organic produce but also a petting zoo, a train ride and the ever popular pony rides.
Parents in Studio City enjoy the confidence that their children are being trained by excellent teachers. Greatschools.com gave Studio City a 10-out-of-10 rating based on test results (http://www.greatschools.net/california/studio-city/) and there is a wide range of magnet, public, and private schools to choose from.
This range and variety of resources is why residents of Studio City can find anything and everything their little hearts desire right in their close-knit neighborhood. This means, of course, that home prices are still at a prime, though for what you're getting, for the "location, location, location," and with our help they can also be affordable.
The Rich Group has been working real estate in Studio City for more than 25 years and we'd be happy to answer any questions you might have about the area, the homes, or why we love it here so much!
Sincerely,
Anita Rich of The Rich Group
www.arichgroup.com
Send me an Email
818-632-2258
