Culver City Property Values Back at Peak Levels?

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?

Views: 177

Comment

You need to be a member of Culver City Times to add comments!

Join Culver City Times

Comment by Les Goldberg on December 11, 2012 at 11:29am

My folks bought their home at 3851 Globe Ave. in 1947 for $11,500.   They sold it in 1979 for $99,000.   Not bad!

I was fortunate to grow up in CC where Johnnie's, The Rollerdrome, Keener's Ice Cream parlor and Culver Center were within walking or bike-riding distance.   

Comment by Scupine on December 3, 2012 at 4:13pm

I agree Evlynne. Thanks for the comment.

Comment by Evlynne Braithwaite Householder on December 1, 2012 at 6:37pm

This is good news for Culver City.  You point out correctly this property is near the freeway.

 The realtor who represented us in purchasing our Culver City home 14 years ago came by with the annual Holiday Banana Bread.  Yes, we have gotten it for every year since our first Christmas in our Clarkdale area home in 1998! 

I inquired how the market was looking,he told me "that there is not enough inventory for an area like Culver City with all the parks and good schools and that it has to offer." 

We are so fortunate to live in such a lovely community such as Culver City.

The Culver City Times is the news and social network for Culver City.  Stay informed.  Join now!

      • Got news you think everyone should know? Blog it.

• Have a show or attending a benefit? Put it on the calendar.
• Got video of the big game? Embed it.
• Photos of your business or the school play? Upload them.

For daily updates

Enter your email address:

Delivered by FeedBurner

Latest Activity

Zeyda Martinez posted an event
Thumbnail

The Help Group Kids Like Me Summer Camps at The Help Group

June 18, 2018 at 9am to August 13, 2018 at 2pm
Monday
DojO- posted an event
Thumbnail

RICKIE BYARS BECKWITH "Live in ‍‍‍Concert" @ The World STAGE "Encore Performance" ~ at The World Stage Art, Education and Performance Gallery "Best South L.A. Jazz Club" - LAWeekly

June 2, 2018 from 8pm to 10:30pm
Monday
Lucy Pollak posted an event
Thumbnail

Will Geer Theatricum Botanicum 2018 Summer Season at Will Geer Theatricum Botanicum

June 2, 2018 at 8pm to September 30, 2018 at 8pm
Sunday
Children's Book World posted events
May 11
Donald Shapiro posted a photo
May 7
DojO- commented on DojO-'s event DWIGHT TRIBLE's CosmicVibrations ~ "AwakenYourSenses" ~ at Holy Nativity Episcopal Church · Su., May 6th 6PM ~
May 5
Lucy Pollak posted an event
Thumbnail

Spill at LA Theatre Works at UCLA James Bridges Theatre

May 17, 2018 at 8pm to May 20, 2018 at 10pm
May 5
DojO- commented on DojO-'s event DWIGHT TRIBLE's CosmicVibrations ~ "AwakenYourSenses" ~ at Holy Nativity Episcopal Church · Su., May 6th 6PM ~
May 4

© 2018   Created by Culver City Times.   Powered by

Badges  |  Report an Issue  |  Terms of Service