CULVER CITY
CONDOMINIUM SALES CULVER CITY MARKET OVERVIEW - JANUARY
In Culver City there were 10 single family home sales in January 2014, up from 8 in January 2013 and a 55% decrease from the 22 sales closed last month. The average list price for single family home sales in January 2014 was $716,840 almost matching $751,488 for January 2013. For the three-month period from November to January 2014, the average list price was 23% higher than the same period of the prior year. Average sales price for January 2014 was $711,550, compared to that of November through January 2014, which was $837,392. Comparing January 2014 to December 2013, Culver City saw a 23% decrease in average sale price, and a 2% decrease compared to same month of the prior year.
CONDOMINIUMS (CONDOS) NOV - JAN 2014 Average List Price Average List Price per Square Foot
ALL $431,441 $380.06
< $1M $431,441 $380.06
$1M - $3M $$-
> $3M $$-
Average Sold Price
$430,547
$430,547
$-
$-
Average Sold Price per Square Foot
$379.27
$379.27
$-
$-
Total Condos Sold
32
32
-
-
Total Condos for Sale at End of Period
25
-
-
-
Average Monthly Supply of Inventory
2.3
-
-
-
100%
100%
0%
0%
Average Sold Price/Original List Price Ratio
CONDOS NOV - JAN 2013
ALL
< $1M
$1M - $3M
> $3M
Average List Price
$331,111
$331,111
$-
$-
Average List Price per Square Foot
$289.70
$289.70
$-
$-
Average Sold Price
$336,521
$336,521
$-
$-
Average Sold Price per Square Foot
$294.43
$294.43
$-
$-
Total Condos Sold
36
36
-
-
Total Condos for Sale at End of Period
5
5
-
-
0.4
0.4
-
-
102%
102%
0%
0%
Average Monthly Supply of Inventory Average Sold Price/Original List Price Ratio
CONDOS JAN/JAN COMPARISON
ALL
< $1M
$1M - $3M
> $3M
Average List Price
30%
30%
0%
0%
Average List Price per Square Foot
31%
31%
0%
0%
Average Sold Price
28%
28%
0%
0%
Average Sold Price per Square Foot
29%
29%
0%
0%
Total Condos Sold
-11%
-11%
0%
0%
Total Condos for Sale at End of Period
400%
-100%
0%
0%
Average Monthly Supply of Inventory
463%
-100%
0%
0%
-2%
-2%
0%
0%
Average Sold Price/Original List Price Ratio (Source: MLS/CLAW)
19