Culver City Real Estate Market Report November 2012

Culver City is an up-and-coming areas of Los Angeles.  An incorporated city which is still commands some of the more affordable real estate on the Westside.

Let’s check in on how the Culver City real estate market did in November.

Culver City real estate, homes for sale

NOVEMBER CULVER CITY SINGLE FAMILY MARKET REPORT
# Homes List/Sales Price
 For sale  20 $350,000 to $1,265,000
 Under contract  31 $300,000 to $1,210,000
 Sold  21 $357,000 to $915,000
 November sold median price $665,000
COMPARISON TO OCTOBER
 For sale -4
 Under contract -12
 Sold =
 Sold median price -5.00%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 20 65 130 213
Average sold per month 20.00 21.67 21.67 17.75
Homes currently for sale 20 20 20 20
Months supply on the market  1.00 0.92 0.92 1.13

The Culver City single family homes market is heavily into a sellers market.  Not surprisingly so since they area always at a premium.  Inventory is low and the median price is rising.

Sellers Market Balanced Market Buyers’ Market
Less than 5 months 5 to 7 months More than 7 months

 Information provided by MLS/CLAW deemed reliable but not guaranteed

OCTOBER CULVER CITY  CONDO MARKET REPORT
# Homes List/Sales Price
 For sale 20 $210,000 to $855,000
 Under contract 31 $170,000 to $725,000
 Sold 8 $164,000 to $535,500
 October sold median price $352,450
COMPARISON TO SEPTEMBER
 For sale -7
 Under contract -18
 Sold -9
 Sold median price +16.32%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 11 41 90 198
Average sold per month 11.00 13.67 15.00 16.50
Homes currently for sale  20 20 20 20
Months supply on the market  1.82 1.46 1.33 1.21

The Culver City condo market is also doing well and favors sellers.  Sales are steady and the median price is up.

Previous market reports

Culver City Real Estate Market Report November 2012
Culver City 3rd Qtr Market Report 2012

Culver City Real Estate Half Year Market Report 2012

Homes for sale in Culver City

(Sample Listings)

  1. 2 beds, 2 full baths
    Home size: 1,132 sq ft
    Lot size: 22,110 sqft
    Year built: 1970
    Days on market: 1
  2. 3 beds, 3 full baths
    Home size: 1,077 sq ft
    Lot size: 6,510 sqft
    Year built: 1952
    Parking spots: 4
    Days on market: 1
  3. 2 beds, 2 full baths
    Home size: 916 sq ft
    Lot size: 4.85 ac
    Year built: 1973
    Days on market: 4
  4. 4 beds, 2 full, 1 part baths
    Home size: 2,068 sq ft
    Lot size: 6,166 sqft
    Year built: 1947
    Parking spots: 8
    Days on market: 4
  5. 2 beds, 3 full baths
    Home size: 1,739 sq ft
    Lot size: 12.06 ac
    Year built: 1997
    Days on market: 5
  6. 3 beds, 2 full baths
    Home size: 1,559 sq ft
    Lot size: 5,997 sqft
    Year built: 1930
    Parking spots: 2
    Days on market: 6
  7. 3 beds, 1 full, 1 part baths
    Home size: 1,723 sq ft
    Lot size: 6,835 sqft
    Year built: 1950
    Days on market: 6
  8. 1 bed, 1 full bath
    Home size: 764 sq ft
    Lot size: 2.58 ac
    Year built: 1971
    Days on market: 7
  9. 3 beds, 2 full baths
    Home size: 1,760 sq ft
    Lot size: 5,949 sqft
    Year built: 1936
    Days on market: 8
  10. 3 beds, 2 full baths
    Home size: 1,430 sq ft
    Lot size: 4,997 sqft
    Year built: 1946
    Days on market: 8

See all Culver City Real Estate for Sale.
(all data current as of 5/22/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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.

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