News and Online Community for Culver City - The New Scene
Using a property at 4348 Globe Ave. as an example, Dr. Housing Bubble, argues that housing prices are almost to peak, 2005 levels in Culver City. The property sold for $600,000 in January of 2005. It sold for $420,500 in April of 2012 (!!), but after some remodeling, it sold for $593,000 on November 11, 2012. Here's the whole price history:
I'm willing to bet that there are also examples that contradict Dr. Housing Bubble's assertion (and I realize that Globe Ave. properties are a bit funky -- pushed up against the 405 as they are).
Anyone like to share their evidence to the contrary?