The prices in real estate in Culver City, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Culver City has increased strongly during the last 6 months. In April, the average price per sq.feet was $509. In May this price pretty much remained the same at a value of $490 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 150 %. The price per sq.feet has increased 113 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $625.25 to $703.5 during August, and September.
Based upon to the price in Culver City (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $1,241,670. In May This price remains at $1,209,724. During the following two months (June, July) the average price had a considerable increase of 130 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,407,555.25 to $1,193,155.5, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,166,961 they are 53 % more affordable than the average price for Culver City. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,296,823.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $628 / sq.feet, with an average $730 / sq.feet price in Culver City. The properties with the highest average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $822 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,166,961 it is 45 % cheaper than the average price in Culver City. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $764,934 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $481 / sq.feet followed by "Condo" priced at $589 / sq.feet. "Townhouse" is the most costly type of property with a $2,325 / sq.feet cost followed by "House" with an average price of $856 / sq.feet.