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Culver City, CA Real Estate News

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
(Sotheby's & Knipe ERA)
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 California Properties)
 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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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Homownership Programs (edit/delete)Homeownership Programs !TeachersCal 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, fire...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Is Real Estate a Good Investment? when approached correctly, real estate can be an incredible investment, but it can’t be approached haphazardly. It’s an investment like any other. Some people have made quite a bit of easy money in real estate during market booms,others ..no so much. Some things to consider when looking at Real Estate as an investment   Investments are rated by three main criteria Liquidity (can you get your cash out easity) Safety (how easy it is to lose your cash) Rate of Return (what will you make off your cash, as compared to putting it into the bank) You won't find all three in any one investment. Investments that might offer a high rate of return, are usually low in safety! While very safe investments will not be liquid and have a lower rate of return. Leverage us...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Culver City Car Show Saturday, May 7thCulver City Car ShowSaturday, May 7, 20119AM-3PM400+ Classic Cars & Hot Rods Food, Music, Vendors & More!Come to Downtown Culver City for the Seventh Annual Cruisin' Back to Culver City Car Show on May 7, 2011! 100's of classic cars and hot rods from all across California will be on display, as well as great exhibitors and vendors. George Barris, car customizer extraordinaire, creator of the Batmobile, the Munsters' Koach, the Beverly Hillbillies' jalopy and so many more great vehicles from the Movies & TV, is coming back to his roots in Culver City! Some of his great creations will be on display alongside great classic cars & hot rods from all across California! On Culver & Washington between Duquesne & InceFor More Information Call 310-499-4840www...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Homeownership Programs ! Teachers 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...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Hot New Kitchen Trends -(courtesy Ortner) Update your kitchen with some of the hottest interior decorating trends. Kitchens are a tricky room to update or decorate because it can be outrageously expensive getting new counter tops, flooring, appliances and accessories. But not all kitchen decorating projects need to be all-inclusive. Approach a kitchen decorating project with a reasonable budget and a good foundation of knowledge in kitchen trends. Knowing what is cutting edge trendy versus last year's trendy can stretch a kitchen decorating budget much further and keep the kitchen looking fresh and new much longer. Kitchen Color TrendsGrey is really gaining popularity in kitchens. For decades brown was the neutral for kitchen cabinets and often expressed in different woods but a pickled...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
There are currently 50 homes for sale in Culver City.   Dorene Slavitz   **Email for More Pictures or Information   Dorene.Slavitz@coldwellbanker.com   (310)305-4264 or (213) 705-4270 lic#01825570   Last Run: 03/23/2011 at 1:13:43 PM   Status: Active Areas: (28) Culver City Active   PH S AR ADDRESS LP BR BA SF LSZ YB MAP LD ST DATE MLS DOC(S)     1. 12  A  28 4837 BELOIT AVE $450,000 3 1.00 1,367 5,100 1947 672/F4 03/14/11 03/14/11   1 2. 10  A  28 5159 Inglewood $429,900 2 1.00 0   1958 672/F6 01/04/11 01/04/11     2 3. 11  A  28 11829 JEFFERSON BLVD $425,000 2 2.00 950 2,482 1953 672/F6 02/28/11 02/28/11   3 4. 1  A  28 11343 UTOPIA AVE $404,000 2 1.00 905 8,088 1950 672/F5 11/23/10 11/23/10   4 5. 2  A  28 5169 Inglewood Boulevard $350,000 2 2.00 773 2,500 1953 03/16/11 03/16/11     ...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
Venice Garden and Home tour, in association with the Neighborhood Youth Association and Las Doradas Childrens Center of Venice Will feature some 30 Gardens and Lovely Homes in Venice that showcase the Unique and inspired spaces that have been created by the area's talented Hardscape, Building Architects and Landscape Architects. The Tour Date is Saurday May 7,2011 from 10-5 Starting at 804 Broadway @ Pleasant View in Venice. To Participate contact barbab/events:(310)821-1857 or barbara@venicegardentour.org Online ticket information at www.venicegardentour.org. Come and join us for what will be a very enjoyable day in Venice!
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
A few Steps to prepare your home for Sale. De-Personalize.  Buyers can't see past your family photos and personal items, and you don't want them to be distracted! You want buyers to imagine their own photos on the walls. "  You want buyers to say, "I can see myself living here, and I can imagine my furniture..my  friends enjoying this home." De-Clutter and Organize!  We collect an amazing quantity of  "lovely and necessary items."  Some of our family members are collectors of toys, stamps, magazines and more! But if your collectable   has not been used in a year, you can probably do without it. Consider donating to your favorite  charity . The remainder can be boxed up and stored for your move. Remove all books from bookcases. Pack up knickknacks and clean off kitchen counters. Hang shi...
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By Dorene Slavitz, Experienced. Ethical. Outstanding Results!
(Residential & Commercial Real Estate)
The City of Culver City along with the AQMD (Air Quality Management District) are co-sponsoring a project to add trees to Culver City Park areas. They are using trees native to California such as Oak, Pine and Sycamores. AQMD has establlished this partnership in order to assist local cities in building healthy urban forrests all across Southern California. Trees Provide Oxygen Control Noise Pollution Provide Windbreaks Shelter for Wildlife Food for Wildlife Slow storm water runoff Clean the soil Provide Shade and Cool Community members are invited to attend the March 1, 2011 meeting of the Parks, Recreation and Community Services (PRCS) Commission to view the conceptual plans for the Culver City Tree Planting Partnership Project.  The Project is cosponsored by the City of Culver City an...
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