Culver City Real Estate | Half Year Market Report 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%

Condos

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

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll neaed someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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