Culver City Homes For Sale. 2014 Market Report

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 2014 as compared to the previous year:

Culver City Single Family Sales

Sold +/- 2013 Range Median +/- 2013 Active Median Pending
195 -29 $450,000 to $2,000,000 $825,000 +5.80% 20 $1,174,394 20

Culver City condo sales

Sold +/- 2013 Range Median +/- 2013 Active Median Pending
230 -10 $229,000 to $997,000 $365,500 +12.33% 22 $428,950 31

 

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 were down for both single family homes and condos. The median price was up in both categories but not as much as it rose in 2013.

There remains a severe shortage of inventory in both categories which makes Culver City an strong sellers’ market.

Previous Culver City market reports

Homes for sale in Culver City

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