The Rebirth of Compton
The Rebirth of Compton, California is here! Well at least I think it is! Many investors have purchased and rehabbed homes in Compton, California, which is referred to as "Hub City" due to it being centrally located to Los Angeles. Compton, like many urban cities, has a bad reputation from a small minority of it's citizens. In the 1980s, the city of Compton became popular in American, and around the world because it was the home town of many hip hop legends and rappers. To name a few, N.W.A., Dr. Dre, Kendrick Lamar, and The Game; Compton was called home to many famous athletes including DeMar DeRozan attended Compton High School, and Tayshaun Prince, Tyson Chandler and Brandon Jennings attended Dominguez High.
Compton's real estate market is rapidly improving with several homes listed close to or above the $300K price point. Compton is a city of rich diversity, and pride. Many middle class families have settled, and continue to migrate to Compton, where they can afford more house for their money. The Rebirth of Compton can be attributed to the City of Compton's Housing Choice Voucher (HCV) Homeownership Program that provides eligible applicants with 1% of the amount of the purchase price of a home towards closing costs. Compton also has two new housing developments the Willow Walk Housing Development and the Alameda Court Complex, both developments offer affordable living with modern amenities.
Compton Real Estate Market Report May 2013
In May 2013, Compton's median home price for single family residence homes was $219,000; this is a 33% increase from May 2012.
There were 71 New Listings in Compton (there was a total of 111 listings for SFR in May for Compton), with an average days on the market a merely 47 days! 85 Compton homes closed escrow in May. This is good new for Compton Home Sellers, especially that 99.9% of the homes that are sold receive the original listed price. The inventory levels in Compton are still low, with 1.3 month supply.
Featured Compton Home for Sale
1222 S. Whitemarsh Avenue
Compton, CA 90220
Listed at $249,900
The Rebirth of Compton is here! Enjoy this STANDARD SALE Compton home that is TURNKEY! This Compton home is stunning and features the most awesome curb appeal with beautiful views of the neighborhood. As you walk in to this amazing 3 bed 2 bath home (with 1,310 square feet) you are greeted by a open spacious living room that features an open floor plan. A remodeled kitchen with wood cabinets, brand new granite counters, tile flooring. All brand new paint with neutral tone color accented with white baseboards and white ceilings. Remodeled bathrooms with wood cabinet, tile floors and fixtures. All brand new carpet in bedrooms. Step out to a spacious fenced in backyard. What a great home for BBQ's and parties with family & friends to gather and enjoy.
Listing courtesy of Frontier Brokers, Inc