Culver City, CA

Lets take a look at the Culver City housing market, and how it did in 2011.

Market absorption really shows the picture. It shows the number of months it will take to sell the existing inventory based on the average sales per month. 6 months is a balanced market. Less than 6 months favors sellers and more than 6 months favors buyers.

The Culver City single family housing market definitely favors sellers. Although the median price is down over the previous year, the number of homes sold is up. Culver City being the up-and-coming area that it is, there is a shortage of good inventory.

Like the single family market, the Culver City condo market also favors sellers, even though the number of condos sold and median price are down. Inventory is low.

Culver city home sellers thinking of putting your property on the market, now is a great time.

Showing properties 1 - 15 of 107. See more Culver City Real Estate for Sale.
(all data current as of 2/25/2012)

1. $239,900 : 6505 GREEN VALLEY CIR, Culver City
   
   2 beds, 1 full, 1 part baths

   Home size: 972 sq ft

   Year built: 1970

   Parking spots: 4

   Days on market: 3
2. $376,000 : 3900 LENAWEE AVE, Culver City
   
   3 beds, 2 full baths

   Home size: 1,379 sq ft

   Year built: 1965

   Days on market: 5
3. $215,000 : 5870 GREEN VALLEY CIR, Culver City
   
   1 bed, 1.0 baths

   Home size: 1,141 sq ft

   Year built: 1970

   Days on market: 5
4. $499,500 : 11505 PATOM DR, Culver City
   
   3 beds, 2.0 baths

   Home size: 1,526 sq ft

   Lot size: 5,000 sq ft

   Year built: 1951

   Parking spots: 2

   Days on market: 5
5. $209,000 : 6525 Green Valley Circle #214, Culver City
   
   2 beds, 2 full baths

   Home size: 1,107 sq ft

   Lot size: 11.37 ac

   Year built: 1970

   Parking spots: 2

   Days on market: 8
6. $297,000 : 5625 Windsor Way #110, Culver City
   
   2 beds, 2 full baths

   Home size: 1,073 sq ft

   Lot size: 30,509 sq ft

   Year built: 1967

   Days on market: 8
7. $249,000 : 6150 Buckingham #112, Culver City
   
   1 bed, 1 full bath

   Home size: 869 sq ft

   Lot size: 26,468 sq ft

   Year built: 1967

   Parking spots: 1

   Days on market: 8
8. $210,000 : 5625 SUMNER WAY, Culver City
   
   1 bed, 1.0 baths

   Home size: 850 sq ft

   Year built: 1967

   Days on market: 9
9. $575,000 : 5423 JANISANN AVE, Culver City
   
   2 beds, 1 full, 1 part baths

   Home size: 1,129 sq ft

   Lot size: 4,990 sq ft

   Year built: 1950

   Parking spots: 2

   Days on market: 9
10. $160,000 : 4802 Hollow Corner rd. Rd 222, Culver City
    
    1 bed, 1 full bath

    Home size: 697 sq ft

    Lot size: 3.22 ac

    Year built: 1973

    Parking spots: 4

    Days on market: 12
11. $485,000 : 11260 OVERLAND AVE, Culver City
    
    3 beds, 2.5 baths

    Home size: 1,612 sq ft

    Year built: 1971

    Days on market: 15
12. $545,000 : 4710 MARSHALL DR, Culver City
    
    3 beds, 1 full, 1 part baths

    Home size: 1,055 sq ft

    Lot size: 6,000 sq ft

    Year built: 1951

    Parking spots: 4

    Days on market: 16
13. $475,000 : 11560 BRADDOCK DR, Culver City
    
    3 beds, 2.0 baths

    Home size: 1,218 sq ft

    Lot size: 5,840 sq ft

    Year built: 1955

    Days on market: 16
14. $680,000 : 4805 Berryman Avenue, Culver City
    
    4 beds, 2 full baths

    Home size: 1,900 sq ft

    Lot size: 8,500 sq ft

    Year built: 1979

    Parking spots: 2

    Days on market: 17
15. $399,000 : 4348 GLOBE AVE, Culver City
    
    2 beds, 1.0 baths

    Home size: 1,036 sq ft

    Lot size: 4,896 sq ft

    Year built: 1950

    Days on market: 17

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

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

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Read more: http://www.homejane.com/culver-city-housing-market-report-2011.html#ixzz1nUPIPDHG

With approximately 40,000 residents spread over nearly 5 square miles, Culver City is an incorporated city known for its movie studios.  MGM has moved, and Sony Pictures now has a large presence there.  Combining small town charm with big city amenities  Culver City is fast becoming a trendy destination for restaurants, movie theaters and art galleries, and the New York Times has called Culver City the “nascent Chelsea.

The Culver City phase of the Expo Line, a light rail from downtown to Santa Monica, is estimated to be completed in 2012, further raising the cache of living in this area.

Culver City homes for sale are still affordable by Los Angeles standards.

2010 Census results show the population of Culver City as 38,883 living in 17,491 housing units.

Useful Links:

The City of Culver City
Culver City Unified School District

Culver City Area Map

Other Los Angeles Neighborhoods

Did you know that Freddie Mac is offering incentives to buyers & buyer's agents?

I have read with great interest, that Freddie Mac is offering 3.5% closing cost assistance to buyers. At the same time they are offering $1200 bonus to the buyer's agent who bring the offer on Home Steps properties.

Conditions are you have to be in Escrow by July 31^st and Escrow must close before September 30^th. The purchaser must be an owner occupant, cannot be an investor buyer.

This is what I call a great way to stimulate the buyers to get off the fence and buy a home. In light of the fact that lenders have tightened up the requirements this helps that cash strapped buyer who has great credit but no money.

This is also a great way for Freddie Mac to reduce the large inventory of REO properties (bank owned properties). Hence this is a good move for the economy as well. Home ownership helps a myriad of ancillary business and the local Tax revenue will increase as well.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

There are currently 60 homes listed for sale in Culver City ranging in price from 300,000 (2 bedroom one bath home) to

1,169,000. M a 5 bedroom 3 bath home. The average days on the market is 52 days before sale. The average price at this

is showing as $659,706 the average Square Foot price is 700,816.

Demand remains high for Culver City Homes located within the Culver City School District Zoning, however, all homes are in

comptetion with Short-Sale and Forclosure property which drives prices down. When considering selling, be sure to consult

your Realtor as to the best pricing and marketing strategy.

Homownership Programs (edit/delete)

Cal STRS Home Loan: California State Teachers' Retirement System (CalSTRS) participants can use the CalSTRS Home Loan Program to refinance their existing home loan or to buy a new home.

Teacher Next Door Program: Teacher Next Door program offers HUD-owned, single family homes located in designated revitalization areas, to teachers at a 50 percent discount. This program will benefit teachers, the children they educate and the communities they serve.

HUD also provides law enforcement officers, teachers, firefighters, and emergency medical technicians with the opportunity to purchase homes located in revitalization areas at significant discount.

Purchasers must be employed as a full-time law enforcement officer, teacher, firefighter, or emergency medical technician, and must certify that they intend to continue such employment for at least one year following the date of closing. The eligible purchaser does not need to be a first-time homebuyer. However, the purchaser (or spouse) cannot have owned another home for one year prior to the time a bid for purchase is submitted, and the purchaser must agree to live in the HUD home as the principal residence for 3 years after move-in.