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Culver City Real Estate Market Report 1st Quarter 2012

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

It is always interesting to see how the Culver City real estate market is doing, especially watching its growth and now that the Expo Line is due to open there next month.

Culver City

The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Also, they reflect single family home sales only.

Number sold:  31, a 55% increase over the same period last year.

Median price:  $525,000, a 4.68% decrease over the same period last year.

There are currently 33 active listings.  So with an average sale of 10.33 homes per month, the absorption rate is 3.19 months, which means that is the time it will take  to sell the existing inventory.  A stable market is 6 months.  Anything below is a sellers’ market.

With only 33 Culver City homes for sale right now, and an absorption rate of 3 months, sellers in the area will do well to consider now as a good time to put their homes on the market.  There are buyers out looking.

See Culver City Housing Market Report 2011

Culver City homes for sale

Showing properties 1 - 15 of 57. See more Culver City Single Family Homes for Sale
(all data current as of 5/6/2012)

  1. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 2.0 baths
    Home size: 1,552 sq ft
    Lot size: 5,540 sqft
    Year built: 1944
    Parking spots: 2
    Days on market: 3
     
  2. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 3.0 baths
    Home size: 1,337 sq ft
    Lot size: 5,000 sqft
    Year built: 1951
    Parking spots: 2
    Days on market: 3
     
  3. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    2 beds, 1.0 baths
    Home size: 849 sq ft
    Lot size: 5,224 sqft
    Year built: 1951
    Days on market: 3
     
  4. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    4 beds, 2 full, 1 part baths
    Home size: 2,507 sq ft
    Lot size: 5,097 sqft
    Year built: 1939
    Parking spots: 2
    Days on market: 5
     
  5. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 1.0 baths
    Home size: 1,125 sq ft
    Lot size: 4,800 sqft
    Year built: 1947
    Days on market: 6
     
  6. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    2 beds, 1.0 baths
    Home size: 980 sq ft
    Lot size: 4,709 sqft
    Year built: 1947
    Days on market: 7
     
  7. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 2.0 baths
    Home size: 1,145 sq ft
    Lot size: 2,880 sqft
    Year built: 1953
    Parking spots: 2
    Days on market: 13
     
  8. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 2.0 baths
    Home size: 1,911 sq ft
    Lot size: 7,026 sqft
    Year built: 1955
    Days on market: 17
     
  9. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    2 beds, 1.0 baths
    Home size: 1,116 sq ft
    Lot size: 5,400 sqft
    Year built: 1928
    Days on market: 17
     
  10. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 2.0 baths
    Home size: 1,500 sq ft
    Lot size: 5,321 sqft
    Year built: 1951
    Days on market: 18
     
  11. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    4 beds, 2.75 baths
    Home size: 1,974 sq ft
    Lot size: 5,564 sqft
    Year built: 1927
    Parking spots: 2
    Days on market: 18
     
  12. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 2 full baths
    Home size: 2,079 sq ft
    Lot size: 5,750 sqft
    Year built: 1952
    Parking spots: 2
    Days on market: 19
     
  13. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    3 beds, 2.0 baths
    Home size: 1,302 sq ft
    Lot size: 4,800 sqft
    Year built: 1940
    Parking spots: 4
    Days on market: 19
     
  14. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    4 beds, 2.0 baths
    Home size: 2,099 sq ft
    Lot size: 5,229 sqft
    Year built: 1950
    Parking spots: 3
    Days on market: 20
     
  15. 0 medium Culver City Real Estate Market Report | First Quarter 2012
    2 beds, 1.0 baths
    Home size: 1,061 sq ft
    Lot size: 6,200 sqft
    Year built: 1927
    Parking spots: 2
    Days on market: 20
     

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

 

 

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Comments(8)

Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Culver City sure has come a long way since I relocated from So. California in 1990.  WOW -- look at the lovely homes and now an Expo Line which would make homes within walking distance a big plus.

May 07, 2012 03:49 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Culver City CA real estate sure has picked up, Jane - only a 3 month supply of active listings of homes for sale in Culver City.  That's really low.  Culver City homeowners looking to sell their home should call Jane Peters - now is a great time to sell.  

May 07, 2012 04:18 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Jane -- the first two years of my life were spent living in Culver City and my grandparents lived there until the mid 1970s -- many fond memories and now Downtown is very active with some excllent dining options too.   I'm sure the extension of the Expo Line is going to make it even more appealing.   

May 07, 2012 04:19 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Like my market, Culver City seems to be doing great too. Cheers to better and better news.

May 07, 2012 04:58 AM
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 - Another excellent market report for the Culver City area.  Loved the photograph!

May 07, 2012 05:59 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Carla,  Culver City has a lot to offer, that's for sure.

Juli,  thank you.  And I think so too.

Michael,  Culver City really has changed over the years and continues to do so.

Loreena,  we certainly hope so.

Laura,  thank you.  

May 07, 2012 09:21 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jane - Wow, that is a HUGE increase in homes sale in Culver City.

May 07, 2012 09:53 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Michelle,  it is indeed.  Culver City is doing well.

May 07, 2012 11:20 AM