Culver City Real Estate | Half Year Market Report 2012

Originally posted on August 22, 2012

Let’s check in on Culver City real estate and see how the first half of 2012 compares to the same period in 2011.

Culver City real estate, homes for sale

Single Family

Sold 2011* 1st Qtr* Median 2011* 1st Qtr* Active Contract Avg Sale vs List
83  +36%  +67.74%  $586,000  +1.91% +11.62% 39  53 98.66%


Sold 2011* 1st Qtr* Median 2011* 1st Qtr* Active Contract Avg Sale vs List
107  +28.92%  =  $260,000 -15.31% +3.56% 22  52 97.41%

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. 

*These figures are the difference over the previous time periods.

Culver City real estate has become a desirable commodity given the gentrification of the Downtown area and the recent extension of the Expo Line light rail to the area, which will be continued on to Santa Monica.

Single family home sales are up significantly over the same period in 2011 and the 1st Qtr of this year, and the median price rose 11.62% 2nd Qtr over first.

Condo sales are also up over the same period in 2011, the same as 1st Qtr this year.  The median price is down over last year but up over the 1st Qtr.

Inventory is extremely low.  With a total of 61 available properties for sale and 105 already under contract, Culver City real estate is going to be tough for home buyers out looking right now.  Hopefully sellers will start noticing that this is a great time for them to be putting their homes on the market.

Culver City Homes for Sale

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