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
Culver City condo sales
|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.