Questions to Ask Before You Buy a Fixer Upper in Glassell Park
Tracy King Realty
Washington Homes, Tracy King
Perfectly situated in the center of LA County, convenient to all of LA's major freeways and with a range of affordable housing opportunities, homes for sale in Compton are always in demand.
The City of Compton, located in South Los Angeles, is widely referred to as LA's "hub city" due to the fact that it is located in the geographic center of Los Angeles County. A young community with an average age of 25, it is one of the oldest cities in Los Angeles. Public interest in Compton homes for sale has seen a sharp increase in recent years due to its range of affordable housing in 29 constituent neighborhoods.
The median home sale price in Compton trends at approximately $280,000. Distressed properties usually account for around 15% of homes on the market. The median home size stays pretty consistent at 1,170 square feet with a median square foot cost of $246 per. A typical mortgage is $1,589.
Compton is an extremely ethnically diverse and multicultural city with a population of just under 100,000. Many notable individuals in the arts (music and television) are or have been residents there. It is bordered by the unincorporated areas of Willowbrook, West Compton, Rancho Dominguez as well as the cities of Carson, Long Beach Paramount and Lynwood.
Real estate in Compton consists mostly of single family homes, condos, townhomes and duplexes on typical medium to large-sized lots. Property and homes in Compton are always in demand due to low inventory of homes on the market.
The City of Compton provides opportunities for homebuyers looking to flip properties for quick profit. Also, the opportunities for purchasing distressed properties - homes in foreclosure or short sale status - are plentiful.
Compton is easily accessible to five major Los Angeles freeways. Because of its schools (K-12 as well as a community college), a library, sixteen parks spread over 118 acres with community centers and many opportunities for recreation for youth, adults and seniors, Compton is regarded as a great place to live, work, and raise a family.
When choosing a Compton real estate agent ... experience matters!
Because demand for homes in Compton, CA is typically high and inventory is typically low, real estate in Compton has become a seller’s market. Both buyers and sellers, then, are advised to work only with real estate agents who are experienced and intimately familiar with Compton's real estate market to represent them in the transaction.
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