🏡 June 2024 Luxury Real Estate Market Update & Trends for Culver City 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Culver City 🌟
🔼 Avg Sales Price: $1.96 million, 📈 UP 1%
🔻 Avg List Price $1.99 million, 📉 down 2%.
⚪️ Properties Sold: 12, no change -0%.
🔼 Days on Market: 37 📆, 📈 UP 41%.
🔼 $/Sq FT: $1033,📈 UP 2%.
Unlock the hidden wealth in your Culver City property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Culver City? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Culver City is a dynamic area known for its booming tech scene, historic movie studios, and vibrant urban environment. The city offers a delightful mix of modern homes, art galleries, and lively dining options, making it an increasingly popular place to live. Especially in the last few years, Culver City has seen significant growth and development. Whether you’re seeking a bustling urban vibe or a serene suburban feel, Culver City offers the best of both worlds.
Market Overview:
- Average Sales Price: The average sales price in Culver City is just under $2 million, marking a slight increase of 1% in June. This shows a steady demand for homes in the area, highlighting its growing appeal.
- Average List Price: The average list price is also just under $2 million, down about 2% from previous months. This small dip in listing prices might offer buyers a slight advantage in negotiations.
- Properties Sold: A total of 12 properties were sold in June, maintaining a steady pace compared to the last 90 days. This consistency indicates a stable market with continuous buyer interest.
- Days on Market: Homes in Culver City are spending about 37 days on the market, a significant increase of 41% in June. This could mean more opportunities for buyers to explore their options without the rush.
- Price per Square Foot: The price per square foot is just over $1,000, reflecting a 2% increase. This indicates a good balance between value and investment potential in the area.
Why Culver City?
Culver City is not just another suburb of Los Angeles; it’s a city with its own distinct identity and charm. Located directly southwest of Beverly Hills, Culver City provides easy access to the best of LA while offering a unique community feel. The thriving tech scene attracts young professionals, while the historic movie studios add a touch of old Hollywood glamour. The art galleries and dining options contribute to its lively cultural scene, making it a great place for both families and singles.
Real Estate Insights
For those considering buying a home, Culver City offers a mix of affordability and luxury. The steady prices and reasonable market times provide a stable environment for investment. Sellers can also take advantage of the high demand and the city's ever-growing popularity to get good returns on their properties.
Bottom Line
Culver City is a fantastic choice if you’re looking for a vibrant, growing community with a mix of urban and suburban lifestyles. The market trends show steady growth, making it a smart investment for both buyers and sellers.
Unlock the hidden wealth in your Culver City property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Culver City? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!