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Culver City Real Estate 2013 Market Report

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

Culver Cityis 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.

Culver City homes for sale 2013 market report

Let's take a look at how Culver City real estate fared in 2013 as compared to the previous year: Culver City Single Family Sales

Sold +/- 2012 Range Median +/- 2012 Active Median Pending
224 +6 $365,000 to $1,917,000 $779,750 +20.05% 22 $747,000 19

Culver City condo sales

Sold +/- 2012 Range Median +/- 2012 Active Median Pending
240 +42 $175,000 to $970,000 $365,500 +32.91% 16 $407,000 25

 

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 up slightly and quite significantly for condos. The median price was up substantially in both categories.

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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Comments(6)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Jane - You really serve your clients well with such in-depth market data and informationfor the Culver City area!

Jan 21, 2014 10:28 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Jane  i can always count on you to keep me up to date in the LA area

Jan 21, 2014 12:20 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Thanks for sharing this great market info. Have a terrific day ahead.

Jan 21, 2014 04:27 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Laura, thank you kindly.

Hannah, glad to be of service :)

David, thank you.

 

Jan 22, 2014 06:52 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Culver City Real Estate had a good year in 2013.  I hope 2014 continues that trend.

Jan 25, 2014 10:10 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Judi, me too.

Jan 26, 2014 02:56 AM