Thursday, April 09, 2009

Studio City Luxury Homes & Estates

There are currently 64 Studio City luxury homes and estates for sale priced from $950,000. Currently, the most expensive home on the market in Studio City is priced at $9,995,000 for a 7 bedroom, 10 bath home.

The graph above displays that the number of Studio City luxury homes is down 32% in March '09 compared to a year ago. What this means is that more home-buyers are entering the marketplace and snapping up luxury homes.

The number of homes in escrow is down 9% in March '09 compared to a year ago. The number of homes in escrow has increase over 70% during the past 4 months. This indicated that the luxury home market in Studio City might be turning around because of the low 4.75% 30 year fixed interest rates.

Do you own a home in Studio City? Instantly view active, pending, and sold homes in your neighborhood now. Don't be left wondering what your neighbors house sold for in Studio City.
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