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Culver City Real Estate 2nd Quarter 2013 Market Report

Posted by janepeters on July 15, 2013
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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.

Culver City real estate, 2nd qtr 2013 in review

How did Culver City real estate perform in the 2nd Quarter of 2013 compared with the 1st Qtr of 2013?

Culver City Single Family Sales

Sold +/- Median +/- Active Median Pending
58 +19 $725,000 +4.83% 28 $797,000 45

Culver City condo sales

Sold +/- Median +/- Active Median Pending
63 +17 $327,500 +6.87% 17 $425,000 57

 

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 showed a healthy increase over the 1st Quarter of 2013.   Condo sales were also up and the median price increased in both categories.

There continues to be a severe shortage of inventory in both categories. In an area with a high condo demographic there are only 17 units listed with 57 in escrow.

Culver city real estate remains¬† an extreme sellers’ market.

Previous Posts

Culver City Real Estate Trend, 1st Quarter 2013
Culver City Real Estate. The Year in Review
Culver City Third Quarter Market Report

Homes for sale in Culver City

[idx-listings linkid=”167825″ count=”15″ showlargerphotos=”true”]
 

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