Culver City, CA Real Estate News

By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Culver City is one of the up-and-coming areas of Los Angeles. It 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. How did Culver City real estate perform in the 2nd Quarter of 2013 compared with the 1st Qtr of 2013? Culver City Single Family Sales Sold +/- Median +/- Active Median Pending 58 +19 $725,000 +4.83% 28 $797,000 45 Culver City condo sales Sold +/- Median +/- Active Median Pending 63 +17 $327,500 +6.87% 17 $425,000 57   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...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Culver City is one of the up-and-coming areas of Los Angeles. It 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. How did Culver City real estate fare for the 1st Quarter of 2013 compared with the 4th Qtr of 2012? Culver City Single Family Sales Sold +/- Median +/- Active Median Pending 39 -27 $725,000 +8.29% 24 $809,450 38 Culver City condo sales  Sold +/- Median +/- Active Median Pending 46 +8 $327,500 +5.30% 6 $375,500 56   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...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
M-TV Awards 2013 in Culver City, CA Sony Studios is the home of the M-TV Awards!   I was just returning home from a showing in Century City. I love to take the fast  and easy short cut to Marina Del Rey, CA. If you are a local you know I am referring to Culver Blvd. It is better than taking the Freeway.   Needless to say this took my by Sony Studios in Culver City. I was wondering why where there so many young under 20 some people in line that went around two three sides of the Studio? Well now that I am watching the 10:00pm News I got my answer.   It was the M-TV Awards of 2013 that were held at Sony Studios in Culver City.   http://www.mtv.com/ontv/movieawards/2013/   http://www.mtv.com/news/articles/1705638/pitch-perfect-opening-mtv-movie-awards.jhtml   http://www.sonypicturesstudios...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
We have a new Pope Let’s Celebrate: Mysterious Wine Order in Culver City, CA We have a new Pope Let’s Celebrate: Mysterious Wine Order in Culver City, CA thanks to Page One on Google!   I have to admit I was very excited as I was watching the news… I heard the most interesting bit of News Trivia.  There is a Wine Store in Culver City, CA that received a very unusual order…. As you know I am a Wino so I my ears were peaked! J       Well let me share with you:   The “Redd Collection” (http://www.reddcollection.com/)   310-202-REDD (7333)   8440 Warner Dr, Unit C   Culver City, CA 90232         The Redd Collection received a call from a gentlemen, It just happened that the Owner Mike Carpenter answered teh phone. He was asked if his store had any 2008 Papale Primitovo di Munduria and when ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Culver City is 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. Let’s take a look at how Culver City real estate fared in 2012: Culver City Single Family Sales Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending 218  +66 $237,525 to $1,305,000 $649,500 +12.32% 22 $350,000 to $1,190,000 $2,897,000 23 Culver City condo sales  Sold +/- 2011 Range Median +/- 2011 Active Range Median Pending 198 +36 $137,000 to $750,000 $275,000 -7.25% 12 $324,900 to $1,200,000 $699,000 46   Sellers Market Balanced Market Buyers’ Market Less than 5 mon...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Outdoor Ice Skating during the winter in Culver City, CA 90230 I have written many a blog posts that there are Four Seasons in California for those non believers and the misinformedJ.  Here is one to refresh your memories (   http://actvra.in/LvV  )     Needless to say I felt that it was time for everyone to see with their own eyes. This winter has been particularly cold for us here in the Greater Los Angeles area. No we did not get too many cold day warnings, never the less there were a few times when the Weather Reporters suggested we bring in our outdoor plants and our pets for the night. I am amazed that people would need to have their pets outdoors, but that is another blog post from your Pet Friendly Realtor. As I was heading to Trader Joe’s in Culver City I saw children and adult...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
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. NOVEMBER CULVER CITY SINGLE FAMILY MARKET REPORT     # Homes List/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 history 1 month 3 months 6 months 12 months Closed transactions 20 65 130 213 Average sold per month 20.00 21.67 21.67 17.75 Homes currently for sale 20 20 20 20 Months supply on the market  1.00 0.92 0.92 1....
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
How is the Culver City real estate market doing?  Let’s see October’s stats.  OCTOBER CULVER CITY SINGLE FAMILY MARKET REPORT     # Homes List/Sales Price  For sale    24 $394,000 to $1,265,000  Under contract    43 $359,999 to $1,210,000  Sold    21 $510,000 to $1,305,000  October sold median price     $700,000 COMPARISON TO SEPTEMBER  For sale   +8  Under contract   +21  Sold   -3  Sold median price   -+9.63% MARKET ABSORPTION Market history 1 month 3 months 6 months 12 months Closed transactions 21 66 128 202 Average sold per month 21.00 22.00 21.33 16.83 Homes currently for sale 21 21 21 21 Months supply on the market  1.00 0.95 0.98 1.25   The Culver City single family homes market is heavily into a sellers market.  Not surprisingly so since they area always at a premium.  Inventor...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Culver City has many redevelopment projects scheduled for the coming three years. Most are "mixed use" Retail with Residential above, located on East Washington Boulevard near the new Metro Project. The city plans to address the parking issues for the surrounding Hayden Trac, Blackwelder and other projects by implimenting a Shuttle service to connect the surrounding Business Districts with the Metro. This, along with new parking projects including a :"robotic type" parking system should ease current parking strains. The city wishes to encourage walking and biking rather then car travel in the city. Although Culver City has some of the best downtown parking around (low cost and convenient) we still do not have enough for the growing demand. New Restaurants are slated to join West Culver ...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
How is the Culver City real estate market doing this year?   Let’s see how the thirds quarter compares to the same period in 2011. Single Family Sold Over 2011 Median Over 2011 Active Under Contract Avg Sale vs List 149  49  $640,000  1.03% 35  44 99.30% Condos Sold Over 2011 Median Over 2011 Active UnderContract Avg Sale vs List 107  37  $265,000 -12.38% 19  51 98.03% The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Single family home sales are up significantly over the same period in 2011 and and the median price is up.  Sellers are pretty much getting asking price for their homes. Condo sales are also up over the same period in 2011.  The median price is down over last year. Inventory is still extremely low and Culver City real estate continues to ...
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By Kim & Kristine Halverson, Sisters, Realtors
(Compass)
Summer Unplug Hours Just in from Culver City, "The Heart of Screenland." Even if you are outside of Culver City, follow these great tips on conserving energy for the hot end of summer days.  Summer Unpower Hours are Noon to 6 PMThe hottest part of the day is also the time when energy demand is at its highest - from 12 PM to 6 PM. Here are simple ways that the City of Culver City and the Community Energy Partnership* encourage you to reduce your energy usage during peak hours to help you save when it counts most: Keep the thermostat on your A/C set to 78ºF. Use your washer, dryer and dishwasher only during off-peak hours, preferably when they’re full. Make sure coffee pots, radios and other electronics have been switched off or are unplugged when not in use. Turn off your computer screen...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
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 sig...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Cheesy and Crappy Apartments for Rent in Culver City Los Angeles CA My daughter pointed these out to me this morning when we were visiting up in Culver City. They are adjacent to each other, on a busy street corner, at Overland and Woodbine in the Palms area, one facing the main road and the other facing the side street. I had to stop by to snap a photo on the way to the freeway to head home. The Chee Zee Apartments, in particular, are interesting. Did you catch the name of the management company? What's in a name?? Do you think these might draw renters' attention? Or scare them away? I didn't see any For Rent signs, and with this rental market things might be pretty good.
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By Tom Bashe
(SCA Real Estate - Call Now)
Lloyd Cullen Real Estate is a local Culver City Short Sale Realtor. As a Culver City Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our Culver City Short Sale Realtor to help answer any questions you have in regards to Culver City Short Sales. Short Sale My Culver City Home Lloyd Cullen is a local Culver City Short Sale Expert with experienced Culver City Short Sale Agents here to assist you.   Short Sale My Culver City Home We specialize in Short Sales for Culver City and Surrounding Areas Many people in the Culver City area are thinking about short selling their Culver City home. In fact, here at Lloyd Cullen Real Estate we have a Culver City Short Sale Expert that is experienced and able to help you ...
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By Tom Bashe
(SCA Real Estate - Call Now)
Lloyd Cullen Real Estate is a local Culver City Short Sale Realtor. As a Culver City Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our Culver City Short Sale Realtor to help answer any questions you have in regards to Culver City Short Sales. Culver City Short Sale Realtor Lloyd Cullen is a local Culver City Short Sale Expert with experienced Culver City Short Sale Agents here to assist you.   Culver City Short Sale Realtor We specialize in Short Sales for Culver City and Surrounding Areas Home sellers in financial distress may be advised by a Culver City Short Sale Expert to consider a Culver City California short sale. There is no guarantee that your bank(s) will approve the Culver City short sale pr...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
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. 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 mo...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
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 p...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
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 Culv...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
 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 31st and Escrow must close before September 30th. 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 own...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
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.    
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