Culver City Real Estate Trend, First Quarter 2013

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 Sales

Sold +/- Median +/- Active Median Pending
39 -27 $725,000 +8.29% 24 $809,450 38

Culver City condo sales 

Sold +/- Median +/- Active Median Pending
46 +8 $327,500 +5.30% 6 $375,500 56


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

Information taken from the MLS/CLAW deemed reliable but not guaranteed

Sales of single family homes was down significantly over the last Quarter of 2012.  Condo sales were up slightly and the median price was up in both categories.

However, there is still a severe shortage of inventory in both categories.  In an area with a high condo demographic there are only 6 units listed with 56 in escrow.

Culver city real estate is an extreme sellers’ market.

Previous Posts

Culver City Real Estate.  The Year in Review
Culver City Third Quarter Market Report

Homes for sale in Culver City