Why are there no homes for sale in Fusion South Bay?

The demand for homes in Fusion South Bay is fairly unbelivable at the moment.  The very few listings that come on the market seem to sell very quickly and are often at record prices, so why aren’t more owners selling their homes?

There’s no really easy answer to that.  Many owners and residents decide to hold on to Fusion properties as rentals once they’ve moved out.  There is a very strong rental market in Fusion due to the location, the fact that it’s gated, the Wiseburn School District, and the fact that it’s a fairly low effort place to live.

If you’re looking for a home in Fusion there will be some that come on the market, but if the past year was an indication it may be a while before we see any real increase in the inventory and available homes.

See the current listings in Fusion.

2017 – Fusion Townhome Sales Year in Review

What an incredible year it was in the gated community of Fusion South Bay.  Demand for these newer townhomes remained heated and homes prices reflected that with home values skyrocketing.  The influx of demand from nearby tech companies such as Google, Yahoo, Spacex and more added to the already strong demand.  Fusion, along with 360 South Bay, are two of the only recently built gated communities with such and ideal location and are a great alternative for buyer’s looking for Redondo or Manhattan Beach.  Below are all of the home sales in Fusion for 2017.  As of this post there are currently no active homes for sale in Fusion but check our current Fusion South Bay listings page as it’s continually updated or sign up for FREE listing updates and never miss a new listing again.

Address Sale Price/List Price Price Per Ft Bed/Bath Sq Feet Days on Mkt Sale Date
5406 W 149th PL #11 $570,000 / $590,000 $570.00 2/2,0,0,0 1000/ 88/88 01/06/17
5514 W 149th PL #11 $750,000 $418.99 3/2,0,1,0 1790/A 0/0 01/26/17
5403 W 149th PL #4 $720,000 / $719,000 $525.55 2/1,1,1,0 1370/A 58/58 02/23/17
5512 W 149th PL #3 $728,000 / $725,000 $516.31 2/3,0,0,0 1410/A 42/42 02/24/17
5514 W 149th PL #8 $582,000 / $589,000 $545.45 2/2,0,0,0 1067/S 3/150 03/06/17
5512 W 149th PL #12 $760,000 / $759,000 $503.31 3/2,0,0,0 1510/B 41/41 03/21/17
5510 W 149th PL #4 $732,500 / $720,000 $534.67 2/1,1,1,0 1370/A 4/4 04/27/17
5406 W 149th PL #9 $589,000 $571.84 2/2,0,0,0 1030/ 7/7 06/15/17
5510 W 149th PL #6 $809,900 / $814,900 $452.46 3/2,0,1,0 1790/B 67/67 07/05/17
5403 W 149th PL #14 $740,000 / $730,000 $524.82 2/3,0,0,0 1410/A 9/9 07/18/17
5511 W 149th PL #16 $669,900 / $649,000 $603.51 2/2,0,1,0 1110/A 5/5 08/02/17
5403 W 149th PL #8 $630,000 / $629,000 $611.65 2/2,0,0,0 1030/A 6/6 08/29/17
5510 W 149th PL #8 $593,000 / $595,000 $555.76 2/2,0,0,0 1067/SEE 3/3 09/08/17
5401 W 149th PL #13 $772,500 / $774,900 $563.87 2/3,0,0,0 1370/A 7/7 09/14/17
5512 W 149th PL #8 $645,000 / $620,000 $626.21 2/2,0,0,0 1030/B 6/6 10/05/17
5507 W 149th PL #7 $665,500 / $629,900 $665.50 2/2,0,0,0 1000/A 7/7 11/15/17
5514 W 149th PL #8 $645,000 / $640,000 $626.21 2/2,0,0,0 1030/A 18/18 12/12/17
5509 W 149th PL #3 $775,000 / $779,000 $549.65 2/1,1,1,0 1410/A 40/40 12/26/17

 

If You Have Considering Selling Your Home in Fusion….There Has Never Been a Better Time

Realtors are pretty well known for trying to create a sense of urgency.  Statements like the above are pretty common but sometimes they are very true.  As of January 4th there are no homes for sale in Fusion South Bay and the demand has only increased over the past 2 years as neighboring Manhattan Beach, El Segundo, Redondo and 360 South Bay values have risen sharply.

Of the past 4 sales in Fusion, 3 sold over the list price and the 4th sold only slightly below their list price.

Prices rose throughout the year in Fusion and continue to rise.  As an example the A and B floorplans were selling in the $575,000 range at the beginning of 2017 and by the end of the years the same floorplans were consistanly selling well into the mid $600,000.  With tightened supply comes and even greater demand.  We are contacted by several buyers a week looking for something in the community.  If you are considering selling your home, contact us or find out what your Fusion towhome is worth in today’s real estate market.

2017 Sales of A and B units in Fusion

Address Sale Price/List Price Price Per Ft Bed/Bath Sq Feet Days on Mkt Sale Date
5406 W 149TH PL #11 $570,000 / $590,000 $570.00 2/2,0,0,0 1000/ 88/88 01/06/17
5514 W 149th PL #8 $582,000 / $589,000 $545.45 2/2,0,0,0 1067/S 3/150 03/06/17
5406 W 149TH PL #9 $589,000 $571.84 2/2,0,0,0 1030/ 7/7 06/15/17
5403 W 149th PL #8 $630,000 / $629,000 $611.65 2/2,0,0,0 1030/A 6/6 08/29/17
5510 W 149th PL #8 $593,000 / $595,000 $555.76 2/2,0,0,0 1067/SEE 3/3 09/08/17
5512 W 149th PL #8 $645,000 / $620,000 $626.21 2/2,0,0,0 1030/B 6/6 10/05/17
5507 W 149th PL #7 $665,500 / $629,900 $665.50 2/2,0,0,0 1000/A 7/7 11/15/17
5514 W 149th PL #8 $645,000 / $640,000 $626.21 2/2,0,0,0 1030/A 18/18 12/12/17

Fusion Home Sales and Prices for September 2017

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Fusion South Bay saw two closed sales with a B floorplan at 5510 W 149th Pl # 8 sell just below the list price at $593,000 and an E floorplan at 5401 W 149th Pl # 13 also closing just below the list price at $772,500.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%

Summer Listings, Escrow and Closed Home Sales in Fusion South Bay

It’s been on the slower side in Fusion South Bay over the summer with inventory of new homes for sale continually on the low end.  There have been 8 homes on the market over the summer with 2 very news listings (as of 8/23/17), 2 pending home sales and 4 closed sales.  Of the 4 closed sales 1 sold at the list price, 2 above list price and one home sold below the list price.  Without question home prices in Fusion continue to rise with nearly every sale being a new price record.  Click to see the current homes for sale in Fusion South Bay

Status Address List Price Closed Price Beds/Baths Square Feet
Active 5403 W149th PL #10 $599,000 2/2,0,0,0 1030/A
Active 5401 W149th PL #13 $774,900 2/3,0,0,0 1370/A
In Escrow 5510 W149th PL #8 $595,000 2/2,0,0,0 1067/SEE
In Escrow 5403 W149th PL #8 $629,000 2/2,0,0,0 1030/A
Sold 5406 W149TH PL #9 $589,000 $589,000 2/2,0,0,0 1030/
Sold 5511 W 149th PL #16 $649,000 $669,900 2/2,0,1,0 1110/A
Sold 5403 W 149th PL #14 $730,000 $740,000 2/3,0,0,0 1410/A
Sold 5510 W 149th PL #6 $814,900 $809,900 3/2,0,1,0 1790/B

 

And then there were None – 0 Active Listings in Fusion to Start February

By Keith Kyle

There’s low inventory and then there is NO inventory. Unfortunately that’s where we are at in Fusion with the last of the active listings going into escrow. As it’s an ideal time to sell, it’s unusual to see so few homes on the market. In general the market picks up in February but with inventory having been so low for so long….we’ll just have to wait and see.

What Aren’t More People Selling in Fusion South Bay?

By Keith Kyle

With sky high prices, intense buyer demand and clearly a sellers market….why are so few homes coming on the market in Fusion?

That’s certainly a good question with no simple answer.  Perception is certainly a part of it as many homeowners think that if the value in their Fusion home $100,000 in the past year, why wouldn’t it go up another $100,000 in the next year.  It’s tough to keep in mind that there is a ceiling at some point and the rise in interest rates will, inevitably, slow the market down.

Another challenge for both buyers and sellers is the attempt to time the market.  This means sellers selling at the absolute peak and buyers buying at the low point.  In very rare cases this works for a lucky few but most don’t get so lucky and often times waiting can cost a lot of money.

While the bottom line is important to both buyers and sellers, each should focus on the motivations and reasons.   Selling a home is a big decision and there are factors equally important to maximizing profits.  As we’ve seen in the last few years it doesn’t take long to switch from a buyers market to a sellers market and then back again.

Whether you are interested in selling or just curious on the value of your home in Fusion South Bay, we would be happy to provide a free, and no obligation, value analysis on your home.

Fusion Sees a Strong Year in 2016 with 27 Sold Homes at an Average $665,000

By Keith Kyle

2016 was an incredible year in Fusion South Bay with home prices continually on the rise and most listings not lasting long before going into escrow.  There were 27 closed home sales in 2016 in Fusion with a average sales price of just under $665,000 and an average days on market of 25.  Compare this with the average price of $591,000 in 2015.  The least expensive home of the year was A floorplan a selling for $484,000 with the highest price a 3 bedroom J floorplan selling for $775,000.  Click here to see the current Fusion South Bay homes for sale.  Contact us for more information about current listings, the community of Fusion, or surrounding areas.


Address
Price
Price Per Foot Bed/Bath Sq Feet Days on Mkt
5514 W 149th PL #8 $484,000.00 $453.61 2/2,0,0,0 1067/AP 08/08/17
5402 W 149th PL #11 $550,000.00 $550.00 2/2,0,0,0 1000/A 26/26
5506 W 149th PL #9 $575,000.00 $558.25 2/2,0,0,0 1030/A 08/08/17
5400 W 149TH PL #9 $585,000.00 $567.96 2/2,0,0,0 1030/A 20/20
5512 W 149th PL #2 $612,000.00 $493.55 2/2,0,0,0 1240/A 39/39
5511 W 149th PL #2 $620,000.00 $500.00 2/2,0,0,0 1240/A 18/18
5514 W 149th PL #1 $633,000.00 $524.01 2/1,1,1,0 1208/B 05/18/17
5405 W 149th PL #15 $640,000.00 $516.13 2/2,0,0,0 1240/B 38/38
5401 W 149th PL #4 $644,000.00 $470.07 2/2,0,1,0 1370/A 29/29
5410 W 149th PL #2 $645,000.00 $520.16 2/2,0,0,0 1240/A 06/06/17
5408 W 149TH PL #16 $645,000.00 $533.94 2/2,0,1,0 1208/A 34/34
5406 W 149th PL #5 $650,000.00 $474.45 2/2,0,1,0 1370/A 0/0
5405 W 149th PL #16 $661,000.00 $547.19 2/2,0,1,0 1208/E 37/37
5401 W 149th PL #2 $665,000.00 $499.62 2/1,1,0,0 1331/B 06/06/17
5412 W 149th PL #15 $670,000.00 $503.38 2/1,1,0,0 1331/B 06/06/17
5402 W 149th PL #14 $685,000.00 $500.00 2/2,0,1,0 1370/A 46/46
5404 W 149th PL #4 $695,000.00 $463.33 2/2,0,1,0 1500/AP 23/23
5512 W 149th PL #13 $695,000.00 $507.30 2/2,0,1,0 1370/A 06/06/17
5412 W 149th PL #5 $700,000.00 $496.45 3/2,0,0,0 1410/S 45/45
5402 W 149th PL #17 $700,000.00 $525.92 2/2,0,0,0 1331/A 55/55
5412 W 149th PL #4 $705,000.00 $514.60 2/1,1,0,1 1370/A 11/11/17
5507 W 149th PL #3 $725,000.00 $514.18 2/2,0,1,0 1410/A 48/48
5401 W 149th PL #5 $729,000.00 $482.78 3/2,0,0,0 1510/B 08/08/17
5509 W 149th PL #5 $735,000.00 $487.40 3/2,0,0,0 1508/B 11/11/17
5404 W 149th PL #13 $765,000.00 $506.62 3/2,0,0,0 1510/B 06/06/17
5412 W 149th PL #6 $765,000.00 $460.84 3/2,0,1,0 1660/A 123/123
5507 W 149th PL #6 $775,000.00 $466.87 3/1,1,1,0 1660/A 09/09/17

Suddenly Some New Home Inventory in Fusion South Bay

By Keith Kylefusion-pool-spa

It wasn’t long ago that we were wondering if the market would ever slow down in Fusion.  We also wondered if list prices had gotten too high and whether some very excessive list prices would start to slow things down a bit.  It appears as though that might be the case as we are now beginning to see some price reductions and some list prices we thought were well out of line (keep in mind we’ve thought that before only to see yet a new record sales price) are starting to come down.

As of October 27th there are 4 homes on the market with several having been on for quite a while.   If you want to keep current on the real estate market in Fusion, fill out our request for to receive FREE email updates whenever a new home in Fusion comes on the market.

fusion_homes_for_sale_october_27th_2016

 

Have Prices Finally Gotten Too High in Fusion?

By Keith KyleFusion A Floorplan Kitchen

Home prices in Fusion, one of the South Bay’s only newer construction gated communities, has done nothing but go up in the past two years.  Prices that once seemed impossible are now the norm and many buyers are kicking themselves for not buying when the market was down.  As with any real estate market with skyrocketing prices….it has to end, or at least dramatically slow down, at some point.

The question is….are we at that point?  It’s a bit tough to say as part of the reason the few listings that are currently for sale are sitting (which hasn’t happened in a long time) is that they are priced beyond peak values.  3 bedroom units had been selling in the high $600,000s 16 months ago and the most recent new listing came out at an unbelievable $825,000.   See the home and all new home listings in Fusion South Bay here.

Only time will tell whether the slight slowdown is simply do to temporary overpricing or if the market has gotten too rich for buyers in general.

**We are not directly affiliated with Fusion at South Bay. Homes and units are all individually owned. We represent many buyers and sellers in the community but the homes for sale and past listings may be represented by other real estate professionals