Let’s check in on Culver City real estate and see how the first half of 2012 compares to the same period in 2011.
Single Family
| Sold | 2011* | 1st Qtr* | Median | 2011* | 1st Qtr* | Active | Contract | Avg Sale vs List |
| 83 | +36% | +67.74% | $586,000 | +1.91% | +11.62% | 39 | 53 | 98.66% |
Condos
| Sold | 2011* | 1st Qtr* | Median | 2011* | 1st Qtr* | Active | Contract | Avg Sale vs List |
| 107 | +28.92% | = | $260,000 | -15.31% | +3.56% | 22 | 52 | 97.41% |
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.
*These figures are the difference over the previous time periods.
Culver City real estate has become a desirable commodity given the gentrification of the Downtown area and the recent extension of the Expo Line light rail to the area, which will be continued on to Santa Monica.
Single family home sales are up significantly over the same period in 2011 and the 1st Qtr of this year, and the median price rose 11.62% 2nd Qtr over first.
Condo sales are also up over the same period in 2011, the same as 1st Qtr this year. The median price is down over last year but up over the 1st Qtr.
Inventory is extremely low. With a total of 61 available properties for sale and 105 already under contract, Culver City real estate is going to be tough for home buyers out looking right now. Hopefully sellers will start noticing that this is a great time for them to be putting their homes on the market.
Culver City Homes for Sale
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