The prices in real estate in Culver City, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Culver City has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $760. In the following month the price per sq.feet decreased to $664. In the following two months the price per sq.feet has barely changed, going from $712 to $714.5 per sq.feet. The price per sq.feet has had a considerable deflation of 70 % 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 $713.25 to $499.5 during April, and May.
Based upon to the price in Culver City (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $1,153,378. In January This price remains at $1,193,043. In the following two months the average price has remained the same with regard to the previous two months from $1,173,210.5 to $1,200,408. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,186,809.25 and $1,225,697 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,209,724 they are 56 % more affordable than the average price for Culver City. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,241,632.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $669 / sq.feet, with an average $490 / sq.feet price in Culver City. The properties with the highest average prices have 3 bedrooms. They are 73 % more expensive than the average followed by properties with 2 bedrooms with a price at $719 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,209,724 it is 45 % cheaper than the average price in Culver City. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $768,004 it is 17 % 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 $485 / sq.feet followed by "House" priced at $534 / sq.feet. "Townhouse" is the most costly type of property with a $2,337 / sq.feet cost followed by "Duplex" with an average price of $692 / sq.feet.