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Culver City Real Estate - Housing Market Trends

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

If you are looking at Culver City real estate with an eye to buying a home, or you are thinking of selling your home in Culver City, you are probably wondering how the housing market did in 2010.

Culver City Real Estate Market Trends, Culver City Housing Market Report

Culver City still remains a desirable place to live.  It is an artistic community with an ever growing number of restaurants opening.  And the metro line in phase one of constructions, slated to carry passengers from downtown to Santa Monica, is only going to increase the housing values in the area.

Culver City real estate still remains affordable, and if you have any interest in income property, Culver City does not have rent control!

So how did Culver City real estate do in 2010?

Culver City Real Estate Market Trends, Culver City Housing Market Report

The Culver City single family housing market remains very strong.  Inventory is fairly low, average days on the market are under 2 months, average sales prices are steady and the sales vs list price is high.  The single family market is a sellers' market.

Culver City Real Estate Condos Market Report, Culver City Real Estate Housing Trends

The Culver City condo market, is slowing down, although is still quite balanced, with just over 6 months of inventory, which indicates a buyers' market.  Average prices are fairly steady, average days on the market under 3 months, and sales vs list price reasonably high.

If you are looking at buying or selling a Culver City home, now is not a terrible time.

Map of Culver City, CA


View Culver City, California in a larger map

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Comments(22)

Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Bruce,  this is the Culver Hotel.  Originally co-built by Charlie Chaplin.  It is a historical landmark.

Jan 20, 2011 06:01 AM
Andi Grant
310-508-4354 | FirstTimeHomeBuyerRealEstate.com - Los Angeles, CA
Helping 1st time buyers and home sellers in LA!

Jane -- Culver City is great!  It's vibrant like Belmont Shore without the shore but an even more fantastic location in terms of freeway, westside beaches/marina and upscale shopping. :)

Jan 20, 2011 06:07 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Jane, Love the Culver Hotel picture AND your current stats!

Jan 20, 2011 06:08 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Andi,  Culver City is well situated for access to the beach and marina.  And the downtown does remind me a little of Belmont Shores.

Bill,  thank you.  I was waiting for you to come by and check on me :)

Jan 20, 2011 06:15 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Jane, I am going to 'steal' your idea of the chart. Really impressed - and very nicely put. (I did 2010 reports for some towns where I work - but this is simply great.)

Jan 20, 2011 06:21 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Praful,  steal away.  Imitation is the highest form of flattery.  This is second generation anyway.

Jan 20, 2011 06:26 AM
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Nice job Jane, you should do a post on the history of house that Chaplin built...

Jan 20, 2011 06:42 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Gerry,  oy!  Another post.

Jan 20, 2011 06:47 AM
Kim McMahon
Executive Realty Group - Skokie, IL

Jane~ Nice post! I'm jealous on two levels..... no snow!!  and how did you do those graphs (please share :)

Jan 20, 2011 07:13 AM
Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

The numbers seem to indicate that homes and condos in Culver City are still moving at a fairly quick pace. That's good news for you and good news for those looking to sell.

Jan 20, 2011 07:34 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Jane--Very detailed report on the housing sales statistics for Culver City. You really are the expert for the area!

Jan 20, 2011 10:25 AM
Lee & Carol Barbour, REALTORS
Murphy and Hayesville, NC; Hiawassee, Blairsville, Blue Ridge GA - Murphy, NC
Mountain Living Team in Murphy NC and North GA

We agree, that building is gorgeous and love your Market Absorption charts, Jane!

Jan 20, 2011 12:58 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

David,  thank you very much.  You're not doing a bad job yourself.

Kim,  Someone was kind enough to give me the graphs.  They are Excel.  Email me if you want the scoop.

Craig,  good news indeed.

Teri,  thank you kindly.

Carol,  thank you too.

Jan 20, 2011 01:25 PM
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Jane - great stats ... and interesting absorption rates  ... contrasted to others in SoCal ... they seem really similar!  What is that building?  ... It's great.

Jan 20, 2011 03:38 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Jack,  thank you.  That is the Culver Hotel, originally co-built by Charlie Chaplin and a historical monument.

Jan 20, 2011 04:03 PM
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

Culver City has an excellent stable market.  Your charts are impressive, indicative that you are the market expert.

Jan 20, 2011 04:33 PM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Jane, it looks like Culver City is a very balanced market.  I like the way you present your information - always easy to read.

Jan 20, 2011 04:48 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Leolinda,  thank you.

Juli, thanks also.

Jan 20, 2011 04:53 PM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Jane,

I really like reviewing your market absorption statistics.  Culver City shows stability and I know Cherise would like the artistic value of the community... g

Jan 21, 2011 05:53 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Gordon,  you should come check it out.

Jan 23, 2011 09:47 AM