Culver City Real Estate Price Trends: Retail, Industrial, and Residential
Culver City and most of Los Angeles have experienced a sustained uptrend for several months in both commercial and residential real estate. The bottom was reached over a year ago and prices are rising.
SOURCE: LoopNet – December 2013
Both Retail and Industrial Real Estate in Culver City continue to increase in price from the low that was hit in mid-2012.
Source: MLS, January 2014
Residential prices in Culver City and the Marina have surprisingly decrease while the rest of Greater Los Angeles has increased significantly. Perhaps, residential prices increased so rapidly during the seasonal buying months that the offseason needed a correction. Expect Culver City Residential Real Estate Prices to pick up in the Spring and mimic the Culver City Commercial Real Estate prices that have remained steadily increases both in the retail and industrial sectors.