All of the Sudden Some Homes on the Market in Fusion South Bay – 4/28/18

We haven’t seen much on the market recently in Fusion South Bay, one of the South Bay’s only relatively newer construction communities. There’s been a jump this past week with three new listings ranging from the smallest A floorplan up to the larger 3 bedroom. View all of the Fusion floorplans here. The prices are still reaching new heights with the A floorplan priced at $649,000 although the 3 bedroom was priced below the prices of the most recent comps both selling over $800,0000.

Current Fusion listings and pending home sales

How Do Fusion Home Prices Compare with 360 South Bay

360 South Bay and Fusion South Bay are two of the premier gated communities in the area.  Both communities are fairly new with 360 generally being built around 2012-2013 and Fusion being built around 2006.  New construction with ammenities that today’s buyers are looking for are very hard to find in a similar price range in the neighboring communities.  Both neighborhoods appealed to buyers that wanted the lifestyle of Manhattan or Redondo but couldn’t afford it.  Although todays buyers seem to be more focused on one or the other, they have long appealed to the same buyers.

View the current homes for sale in 360 and the current homes for sale in Fusion

The charts below show of the basic real estate market information.  It’s not always an apples to apples comparison as 360 offers everything from studio condos to large 4 bedroom “single family” style detached homes.  Fusion on the other hand offers 2 and 3 bedroom townhomes.  If you’re considering either community here are the basics:

Fusion 2018 (as of 4/18/18)
360 South Bay 2018 (as of 4/18/18)
5 homes on the market (2 active)
16 homes on the market
Average  per foot $577.79
Average  per foot $546
Median per foot $588.71
Median per foot $5555
Average price $783,333
Average price $925,813
Median Price $805,000
Median Price $845,000
Highest Sale $815,000
Highest Sale $1,199,000
Lowest Sale $649,000*
*currently active listing
Lowest Sale $698,000
Fusion 2017
360 South Bay 2017
18 homes on the market
65 homes on the market
Average  per foot $553.65
Average  per foot $504
Median per foot $552.70
Median per foot $501
Average price $687,628
Average price $842,485
Median Price $694,950
Median Price $808,000
Highest Sale $814,900
Highest Sale $1,260,000
Lowest Sale $589,000
Lowest Sale $525,000

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.

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.

Welcome to Fusion – Video Tour Of this Gated South Bay Community

Realtor and Fusion specialist Keith Kyle takes you on a quick video tour highlighting the homes and amenities of Fusion South Bay.  This wonderful gated community features newer homes at a much more affordable price than in the neighboring communities.  Ideally located near convenient freeway access the community is perfect for commuters.  Just a short drive to the beach, LAX, downtown Hermosa, Manhattan and El Segundo and close enough to the beach to enjoy almost year round temperate weather.

Welcome to Fusion South Bay

Fusion South Bay is one of the only gated communities in and around the Beach Cities and offers a great alternative to nearby Manhattan Beach, El Segundo and Redondo Beach. The community is ideally located just a short drive to the beach, LAX and the many shopping and dining activities in the South Bay. Built around 2006 and 2007 the complex offers all of the bells and whistles of newer construction in a safe and gated community.

**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