January 26, 2021
By Angie Week
History & Fun Facts regarding Bellflower
Median Prices in Bellflower are $637,500 & $580,000 for SFRs and Condos respectively. The median monthly rent for a 3-bedroom house is $2,350.
You will love living in Bellflower. The city is a family city with a old school feel. Lot of parks, great restaurants and very family oriented. The city is very ethnically diverse and has its own school district. Centrally located to the 91 freeway and 105 freeway and the Metro link. Adjacent to Lakewood and Cerritos.
Bellflower is a city located in southeast Los Angeles County, California, in the Los Angeles metropolitan area. It was founded in 1906 and became incorporated on September 3, 1957. As of the 2010 census, the city had a total population of 77,852, up from 72,878 at the 2000 census. As of the 2010 census, Bellflower is the 25th most densely populated city in the United States, of cities over 50,000 residents (and 8th most densely populated in California).
The city was founded by F.E. Woodruff in 1906 and originally named Somerset in 1909 when the post office was established. However, the Post Office Department rejected the name to prevent confusion with Somerset, Colorado. The present name is derived from the bellflower apple, which was grown in local orchards during the early 1900s.
Originally settled by small communities of dairy farmers of Dutch, Japanese, and Portuguese descent, Bellflower and neighboring Paramount served first as the apple and later the milk production centers for Southern California, until soaring post-World War II property values and threatened annexations by Los Angeles led by real-estate syndicates, forced most of the farmers to move several miles east to the Dairy Valley/Dairyland/Dairy City area (now the cities of Cerritos, La Palma, and Cypress). These farms were in turn divided up into large housing divisions for Los Angeles’s growing White American population which worked in the region’s high-tech, skilled industrial, and service positions. From the 1950s through the late 1960s, Bellflower Boulevard, the city’s main thoroughfare, was a thriving commercial strip for shopping. Numerous retail and franchise restaurant firms began on this street, which also featured middle- and high-end boutiques, arts and crafts shops, and other small shop keeps alongside larger department stores and banks. It is sister cities with Los Mochis, Sinaloa, Mexico.
Bellflower is reported to have a population of 77,852 with a median age of 34.1 and a median annual income of $49,360, according to the 2010 U.S. census.
Bellflower has 16 schools from (pre-school through high school), of which 7 is private/alternative education and 9 are public.
Public School Ratings
Schools with highest ratings:
Bellflower includes several parks, home of the beautiful Mayne Event Center for weddings and celebrations, the LA County Fire Museum and close to wonderful shopping at the famous Cerritos Mall, the Ironwood Golf Range and entertainment at the Cerritos Performing Arts Theater in nearby Cerritos.
Climate Comfort Index of 9.3 /10.
Real Estate Market
Bellflower is a great city to purchase because it’s very affordable. Median Home Purchase price is $515,000. Bellflower offers great home prices for first time homebuyers with single family and condos inventory. Because Bellflower used to have a lot of dairy’s, there are a lot of large lots that include multi-family units (1-4). Senior housing is also available.
|Single Family Residence||Condominium|
|Price Per Square Foot||$463||$333|
Here is the rental market in Bellflower:
|1 Bedroom||2 bedroom||3 bedroom||4 bedroom|
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Should I Wait For Housing To Crash Further Before I Buy A House? 3 Reasons The End of 2022 Could Be The Very Best Time To Jump In
Prices falling in expensive cities
In two-thirds of major regional housing markets — 98 out of 148 — prices continue to drop, especially in more expensive locations.
We may see expensive markets fall further, which if that happens sooner than later, would make it an excellent time to buy into an expensive market. This wouldn’t have registered as a possibility even a few months back.
It’s difficult to predict if this will happen. And if so, whether falling prices become offset by the federal interest rate hikes practically certain to arrive in the coming months.
The only way to know for sure is to wait until the latest rate hike sets in.
Meanwhile, keep in mind that — as with any investment — it’s best time to buy is usually when prices are low.
With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS article. M&M Membership...
The days of waiving contingencies such as appraisals and forgoing inspections are fading into the rearview mirror. Still, contract activity remains slightly competitive depending on your location.
At least 24% of buyers waived the inspection contingency in December 2022, according to the National Association of Realtors confidence survey, up from 16% a month prior and 19% one year ago. An additional 24% of buyers waived an appraisal contingency in December, up slightly from 16% in November and 21% a year ago.
Home inspection contingencies are particularly important because it can let you know if there’s a deal-breaking issue with the property before a purchase occurs. It can also help you negotiate repairs with the seller, which is becoming increasingly common in today’s market.
“If buyers have this short window to buy where they can get incentives to purchase, [they] would rather buy where they have an opportunity to really think about it, get an inspection, a financing contingency and not feel rushed,” Jeff Reynolds, broker at Compass and founder of UrbanCondoSpaces.com, told Yahoo Finance.