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Culver City is one of the up-and-coming areas of Los Angeles. It is one of the more sought-after neighborhoods due to its place on the Expo line which runs from Downtown Los Angeles, to be continued to Santa Monica, and the gentrification of its downtown area with boutiques, galleries and restaurants. How did Culver City real estate fare for the 1st Quarter of 2013 compared with the 4th Qtr of 2012? Culver City Single Family … [Read more...]
Culver City is one of the up-and-coming areas of Los Angeles. Culver City is one of the more sought-after neighborhoods due to its place on the Expo line which runs from Downtown Los Angeles, to be continued to Santa Monica, and the gentrification of its downtown area with boutiques, galleries and restaurants. Let's take a look at how Culver City real estate fared in 2012: Culver City Single Family Sales Sold +/- 2011 Range Median +/- … [Read more...]
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. 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 … [Read more...]
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 … [Read more...]
How is the Culver City real estate market doing this year? Let's see how the thirds quarter compares to the same period in 2011. Single Family Sold Over 2011 Median Over 2011 Active Under Contract Avg Sale vs List 149 49 $640,000 1.03% 35 44 99.30% Condos Sold Over 2011 Median Over 2011 Active UnderContract Avg Sale vs List 107 37 $265,000 -12.38% 19 51 98.03% The numbers are taken from the MLS/CLAW and are … [Read more...]
Let's check in on Culver City real estate and see how the first half of 2012 compares to the same period in 2011. 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 … [Read more...]
It is always interesting to see how the Culver City real estate market is doing, especially watching its growth and now that the Expo Line is due to open there next month. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only. Number sold: 31, a 55% increase over the same period last year. Median price: $525,000, a 4.68% decrease over the same period last year. There are currently 33 active listings. So … [Read more...]
Lets take a look at the Culver City housing market, and how it did in 2011. Market absorption really shows the picture. It shows the number of months it will take to sell the existing inventory based on the average sales per month. 6 months is a balanced market. Less than 6 months favors sellers and more than 6 months favors buyers. The Culver City single family housing market definitely favors sellers. Although the median price is down over the previous year, the number of homes … [Read more...]
The Culver City real estate market report below shows the market absorption trend for single family homes. What is an absorption rate? This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month. This helps in determining the pricing of homes being put on the market and what kind of market it is. If you have a 10 month selling cycle and want to sell in 5 months you would need to price … [Read more...]
Based on the Culver City Third Quarter Market Report, the median home prices have fallen 6%. The number of sold homes in Culver City has dropped 20%. The properties on the market in any given month where a buyer could have written a first position offer to purchase it at any time during that month. Different from Months Supply of Inventory below. The number has increased 3%. The number of properties going into contract on any given month shows the sales activity. This has … [Read more...]
