Culver City Real Estate Market Report November 2012

Culver City Market Report / By / December 17, 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.

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)

Condo Condo
Land Land
Rental Rental
Single Family Single Family
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