Home > Culver City Real Estate Market
Spring 2020 Market Update
Now is an exceptional time to buy a home in Culver City. Low interest rates with steady home prices makes a perfect combination for buying a home! Call for more information 310-735-7970, or email Lori@LoriWayne.com for additional details.
Average Sold Home Price: $750,000

Average Time on Market: 10-30 days

Best Selling Price Range: $750,000 - $799,000

Existing Home Prices for the past 90 days: No Change

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Decreasing

Seller Activity for the past 90 days: No Change

Multiple Offers? Yes

Multiple Offers Commentary: Multiple Offers seems a common occurrence in most ’Hot’ real estate markets. A buyers best competitive advantage is to act quickly when they encounter a home they really like and to be realistic about the numbers when submitting an offer.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: Qualified buyers can still take advantage of low interest rates.

Housing Inventory: Limited Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: New Industries

Nearest Metro Area: Los Angeles

Housing Hot Spots: Most cities within the Los Angeles County area are considered ’Housing Hotspots’, however Culver City’s location within the West LA corridor makes it equally a housing

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Mortgage Rates for Apr 4th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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HouseHunt, Inc.
Specializing in Culver City Real Estate
19671 Beach Blvd. Suite 206
Huntington Beach, California 92648
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(Because current market conditions can change rapidly in any given marketplace,
please check with Top Agent for current Culver City, CA market conditions before acting on this information.)
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