How is the Culver City real estate market doing? Let’s see October’s stats.
| 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)
Showing properties
1 - 10 of 75.
See more Culver City Real Estate for Sale.
(all data current as of
5/23/2013)
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$249,000 : 5650 Sumner Way #106, Culver City2 beds, 1 full, 1 part baths
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$475,000 : 5013 MAYTIME LN, Culver City3 beds, 2.0 baths
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$1,250,000 : 3858 GIRARD AVE, Culver City5 beds, 4.0 baths
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$470,000 : 4937 Maytime Lane, Culver City3 beds, 2 full baths
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$549,000 : 11260 OVERLAND AVE, Unit 3A, Culver City3 beds, 2.5 baths
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$947,000 : 10615 FLAXTON ST, Culver City3 beds, 2.5 baths
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$599,000 : 4740 Sawtelle Boulevard, Culver City3 beds, 1 full bath
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$1,019,000 : 3959 MIDWAY AVE, Culver City3 beds, 2 full, 1 part baths
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$749,000 : 11242 BRADDOCK DR, Culver City3 beds, 2 full baths
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$429,000 : 5651 SUMNER WAY, Unit 302, Culver City2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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HI Jane – Culver City has a very low absorption rate, and we are seeing very similar trends in this area as well.
Let’s hope we get some more homes on the market soon.
I think this is the story all around this area.