If there were a competition for the hottest LA neighborhood of the moment, Culver City would take the crown. Not only is there so much to see and do there that attracts Angelenos from all over the city, but the Westside community’s real estate market is also widely in-demand. People don’t just want to hang out there. They want to live there and enjoy the ample space and top-notch amenities the neighborhood has to offer.
To learn more about why Culver City is such a hot commodity, we chatted with Samantha Torres, our director of operations and resident Culver City expert, who has called the neighborhood home for 34 years. Keep reading for the pros of buying a property in Culver City, and advantages on selling, too.
Why Culver City is Hot for Buyers
1. Home value continues to increase.
“Home sale prices have gone up significantly year after year,” Torres says. The median Culver City home sale in 2004 was around 0.4 million. It’s now more than tripled to almost 1.4 million, and it shows no signs of slowing down. In the last quarter of 2019 alone, the average sold price of single-family homes in Culver City rose by 7.3 % compared to the previous year. This tells us that buying a property in Culver City is an excellent investment, so get in while you still can.
2. It has a strong community feel.
In a city as big as Los Angeles, it’s challenging to find a neighborhood that still provides that small-town vibe, but Culver City embodies that beautifully. “I feel it’s the best place to live because of the people that live there,” Torres says. “It’s such a strong community. Everyone really looks out for each other. You don’t find a lot of places where it just feels like home everywhere you go.”
That’s precisely why once people move to Culver City, they usually never leave. It’s a forever home type of neighborhood. And given that it has its own sought-after school district, it’s a family-friendly place you can expand into.
3. There’s so much to see and do.
As someone who was raised there, Torres has witnessed Culver City blossom over the years into the bustling epicenter of attractions that it is today. There are so many new restaurants and cool places popping up all the time. However, you still have all the good old mom and pop places that have been around forever, such as Tanner’s Coffee, Victor Jr’s, and The Conservatory for Coffee, Tea & Cocoa. Culver City is also very walkable, which is so refreshing in a traffic-jammed city like Los Angeles.
Why Culver City is Hot for Sellers, Too
As previously mentioned, once people plant roots in Culver City, they rarely ever leave. So the inventory of homes available for sale is very low. The last quarter of 2019 showed a decrease in homes for sale by 20.9% compared to the same time the previous year.
Low inventory is a good thing for sellers. With a high demand for homes in Culver City, your property will likely sell quickly and for a great price. So if you’ve been thinking about selling your Culver City property, Torres says, now is the best time.
Click here for our Market Pulse to see the latest neighborhood sales data for Culver City.