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The Real Deal Los Angeles

Submarket Snapshot: Homes in Culver City in Q1 2016

Luxury sales volume dropped in first quarter
A house at 5030 Rhoda Way in Culver City (via Martin Feinberg)

A house at 5030 Rhoda Way in Culver City (via Martin Feinberg)

Culver City saw 16 homes trade hands in the first quarter for more than $1 million, down from 33 in the fourth quarter of 2015, according to a report by the Agency.

The luxury residences sold for an average of $1.32 million, up slightly from $1.28 million in the previous quarter. They sold for an average of $643 a square foot, down from $653.

As of April 2016, 13 homes were listed in the submarket for an average price of $1.5 million, and $696 a square foot.