Culver City Real Estate Market Report October 2012

How is the Culver City real estate market doing?  Let’s see October’s stats.  

 

OCTOBER CULVER CITY SINGLE FAMILY MARKET REPORT
# Homes List/Sales Price
 For sale  24 $394,000 to $1,265,000
 Under contract  43 $359,999 to $1,210,000
 Sold  21 $510,000 to $1,305,000
 October sold median price $700,000
COMPARISON TO SEPTEMBER
 For sale +8
 Under contract +21
 Sold -3
 Sold median price -+9.63%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 21 66 128 202
Average sold per month 21.00 22.00 21.33 16.83
Homes currently for sale 21 21 21 21
Months supply on the market  1.00 0.95 0.98 1.25

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 27 $225,000 to $615,000
 Under contract 49 $155,000 to $675,000
 Sold 17 $167,000 to $405,000
 October sold median price $303,000
COMPARISON TO SEPTEMBER
 For sale +3
 Under contract +8
 Sold -1
 Sold median price +5.04%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 17 48 100 204
Average sold per month 17.00 16.00 16.67 17.00
Homes currently for sale  27 27 27 27
Months supply on the market  1.59 1.69 1.62 1.59

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 3rd Qtr Market Report 2012
Culver City Real Estate Half Year Market Report 2012

Homes for sale in Culver City

(Sample Listings)

  • List View
  • Map View
  • Grid View

See all Culver City Real Estate for Sale.
(all data current as of 8/17/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 
 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

Leave a Comment

Scroll to Top