There are 8 condos in the city of Cerritos available...all of them are short sales. There are different staghes in an approval a a short sale. Once a short sale is a approved the sale moves along more rapidly than that of the past. Most condos in that price range sell fast if its a regular sale and most likely it an all cash offer the ends up as the best offer. If you ahve a great credit score why rent? I believe we are close the the bottom of the market for several reasons.
I just put a client in a rental because both husband and wife re4ceived great job offers in LA. They sold their house in Palm Springs and work out here in LA and needed to sell quickly so rather than make a quick decision (21 days) on a few properties they wanted to take their times with in 6 months.
Let me know if there is anything else I can do for you.
Mark Anthony Ruiz