Cerritos was very slow to recover from the real estate collapse, but that recovery eventually happened in 2013. It all came in a steady surge, throughout the following years and it’s one of few areas where the current value average actually exceeds the previous value average.
The typical home in Cerritos can command close to $690,000, which is a very fair sum for the area. Over the past year housing values have gone up 4.6% with expectations for housing values to rise by another 0.4% in the coming year.
The market is exceedingly healthy, and foreclosure is incredibly rare in Cerritos. It has also become more in favor of sellers giving you an upper-hand if your property is in condition to be sold without the need for repairs or upgrades.
If your house isn’t selling, it’s probably because you aren’t in a petition to compete. This is often the case with real estate that's in bad shape. Even great houses may not sell fast enough when homeowners find themselves in an urgent situation that requires a fast sale.