April May June Quarter Total
2022 2,116,138$ 748,139$ 2,418,789$ 5,283,066$ 2023 175,687$ 200,320$ 220,013$ 596,020$ 2024 260,825$ 399,220$ 310,201$ 970,246$ Fiscal Year Budgeted RevenueActual Revenue Variance Variance % 2020/2021 5,550,000$ 8,533,467$ 2,983,467$ 53.76% 2021/2022 14,050,000$ 32,575,135$ 18,525,135$ 131.85% 2022/2023 11,000,000$ 9,655,756$ (1,344,244)$ -12.22% 2023/2024 8,000,000$ 7,381,656$ (618,344)$ -7.73% City of Culver City
Finance Department
Fourth Quarter of Fiscal Year 2023-2024
Real Property Transfer Tax Summary
$2,116,138 $175,687 $260,825 $748,139 $200,320 $399,220 $2,418,789 $220,013 $310,201 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2022 2023 2024
April
May
June
Real Property Transfer Tax 4th Quarter TotalsReal Property Transfer Tax Budgeted vs Actual Revenue
SALES VALUE HISTORY
THE COUNTY OF LOS ANGELES
Detached Single Family Residential Full Value Sales 01/01/2021 - 6/30/2024) Full Value Sales Median PriceYear Average Price Median % Change 13,008 $1,161,8412021 Q1 $785,000
16,629 $1,287,510 8.28%2021 Q2 $850,000
16,104 $1,292,648 0.59%2021 Q3 $855,000
15,224 $1,284,682 -0.58%2021 Q4 $850,000
12,278 $1,344,955 2.94%2022 Q1 $875,000
14,015 $1,427,823 6.51%2022 Q2 $932,000
11,268 $1,299,050 -6.12%2022 Q3 $875,000
8,715 $1,325,253 -3.43%2022 Q4 $845,000
7,772 $1,406,302 -0.71%2023 Q1 $839,000
10,013 $1,286,897 4.29%2023 Q2 $875,000
9,477 $1,291,847 2.86%2023 Q3 $900,000
8,397 $1,285,177 -0.11%2023 Q4 $899,000
7,643 $1,324,735 0.11%2024 Q1 $900,000
9,845 $1,372,479 5.56%2024 Q2 $950,000
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 Median Price Avg Price
Year
Sales Price
* Multiparcel transfers, quitclaim deeds, trust transfers, timeshares, and partial sales are excluded from this analysis.
This report is not to be used in support of debt issuance or continuing disclosure statements without the written consent of HdL, Coren & Cone
Prepared On 7/26/2024 By MV Data Source: Los Angeles County Recorder