Culver City Real Estate Market Report October 2012

How is the Culver City real estate market doing?  Let’s see October’s stats.  

Culver City real estate, homes for sale

 

OCTOBER CULVER CITY SINGLE FAMILY MARKET REPORT
# Homes List/Sales Price
 For sale  24 $394,000 to $1,265,000
 Under contract  43 $359,999 to $1,210,000
 Sold  21 $510,000 to $1,305,000
 October sold median price $700,000
COMPARISON TO SEPTEMBER
 For sale +8
 Under contract +21
 Sold -3
 Sold median price -+9.63%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 21 66 128 202
Average sold per month 21.00 22.00 21.33 16.83
Homes currently for sale 21 21 21 21
Months supply on the market  1.00 0.95 0.98 1.25

 
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 27 $225,000 to $615,000
 Under contract 49 $155,000 to $675,000
 Sold 17 $167,000 to $405,000
 October sold median price $303,000
COMPARISON TO SEPTEMBER
 For sale +3
 Under contract +8
 Sold -1
 Sold median price +5.04%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 17 48 100 204
Average sold per month 17.00 16.00 16.67 17.00
Homes currently for sale  27 27 27 27
Months supply on the market  1.59 1.69 1.62 1.59

 
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 3rd Qtr Market Report 2012
Culver City Real Estate Half Year Market Report 2012

Homes for sale in Culver City

(Sample Listings)

See all Culver City Real Estate for Sale.
(all data current as of 10/22/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,743 sq ft
    Lot size: 1,367 sqft
    Year built: 1973
    Parking spots: 2
    Days on market: 2
  2. 2 beds, 1 full bath
    Home size: 874 sq ft
    Lot size: 2,585 sqft
    Year built: 1946
    Parking spots: 2
    Days on market: 2
  3. 2 beds, 2 full, 1 part baths
    Home size: 1,326 sq ft
    Lot size: 7,644 sqft
    Year built: 1981
    Parking spots: 4
    Days on market: 2
  4. 3 beds, 1 full bath
    Home size: 1,154 sq ft
    Lot size: 8,501 sqft
    Year built: 1952
    Days on market: 6
  5. 2 beds, 1 full bath
    Home size: 945 sq ft
    Lot size: 4,978 sqft
    Year built: 1950
    Parking spots: 2
    Days on market: 6
  6. 2 beds, 1 full, 1 part baths
    Home size: 870 sq ft
    Year built: 1972
    Parking spots: 2
    Days on market: 7
  7. 1 bed, 1 full bath
    Home size: 810 sq ft
    Lot size: 6,254 sqft
    Year built: 1922
    Parking spots: 1
    Days on market: 7
  8. 4 beds, 1 full, 1 part baths
    Home size: 1,480 sq ft
    Lot size: 5,203 sqft
    Year built: 1949
    Parking spots: 4
    Days on market: 8
  9. 2 beds, 3 full baths
    Home size: 1,639 sq ft
    Lot size: 1,280 sqft
    Year built: 1984
    Days on market: 8
  10. 2 beds, 2 full, 1 part baths
    Home size: 1,800 sq ft
    Lot size: 7,503 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 8

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

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. 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!

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If you are an absentee owner, you’ll need 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.

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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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Comments

  1. HI Jane – Culver City has a very low absorption rate, and we are seeing very similar trends in this area as well.

  2. Let’s hope we get some more homes on the market soon.

  3. I think this is the story all around this area.

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