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Jane Peters' Blog

By Jane Peters | Agent in Los Angeles, CA

Culver City Real Estate Market Report November 2012

Culver City is an up-and-coming areas of Los Angeles.  An incorporated city which is still commands some of the more affordable real estate on the Westside.

Let’s check in on how the Culver City real estate market did in November.

Culver City real estate market report November 2012
NOVEMBER CULVER CITY SINGLE FAMILY MARKET REPORT


# HomesList/Sales Price
 For sale
 20$350,000 to $1,265,000
 Under contract
 31$300,000 to $1,210,000
 Sold
 21$357,000 to $915,000
 November sold median price

$665,000
COMPARISON TO OCTOBER
 For sale
-4
 Under contract
-12
 Sold
=
 Sold median price
-5.00%
MARKET ABSORPTION
Market history1 month3 months6 months12 months
Closed transactions2065130213
Average sold per month20.0021.6721.6717.75
Homes currently for sale20202020
Months supply on the market 1.000.920.921.13

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 MarketBalanced MarketBuyers’ Market
Less than 5 months5 to 7 monthsMore than 7 months

 Information provided by MLS/CLAW deemed reliable but not guaranteed

OCTOBER CULVER CITY  CONDO MARKET REPORT


# HomesList/Sales Price
 For sale
20$210,000 to $855,000
 Under contract
31$170,000 to $725,000
 Sold
8$164,000 to $535,500
 October sold median price

$352,450
COMPARISON TO SEPTEMBER
 For sale
-7
 Under contract
-18
 Sold
-9
 Sold median price
+16.32%
MARKET ABSORPTION
Market history1 month3 months6 months12 months
Closed transactions114190198
Average sold per month11.0013.6715.0016.50
Homes currently for sale 20202020
Months supply on the market 1.821.461.331.21

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 Real Estate Market Report November 2012
Culver City 3rd Qtr Market Report 2012

Culver City Real Estate Half Year Market Report 2012

Homes for sale in Culver City


Buying or Selling Los Angeles Real Estate

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If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

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Read more: http://www.homejane.com/culver-city-real-estate-market-report-november-2012.html#ixzz2FWcPWI2M

Comments

By Sharon Paxson,  Sat Dec 22 2012, 07:29
Culver City has a low absorption rate, and great report here Jane.
By Jane Peters,  Sat Dec 22 2012, 12:41
Sharon, yes it does, and thank you.

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