What Makes Fusion South Bay Townhomes Unique?

Fusion South Bay is a rarity in the South Bay.  With undeveloped land almost unheard of there are simply no places to build new housing developements.  While new construction single family and small townhome complexes are all the rage in this hyper active real estate market, larger complexes are a different animal altogether.

Fusion South Bay was built on former industrial land and, along with 360 South Bay, offers one of the only newer community in the area.  What makes Fusion so ideal is the combination of location (just east of Manhattan Beach and a short drive to the beach) price, and age.  As the homes were built around 2006 and 2007 they offer the feel of new construction with contemporary architecture and many of the updated features that home buyers are looking for such as air conditioning, granite counters, open layouts and more.

Location:  Fusion South Bay is located close to very high priced neighborhoods of Manhattan Beach and Redondo Beach.  In addition to feeling like they’re a part of these coastal towns, the complex also offers much better commuting options as it’s closer to freeway access than the Beach Cities.  Another fantastic aspect to Fusion is that it sits in the Hollyglen area of Hawthorne but unlike much of Hawthorne, it offers access to the award winning Wiseburn School District

Price:  Fusion is a great alternative to neighboring communities as you get far more for your money.  Something of a similar age in Redondo Beach could be $150K or more higher than Fusion.  As of this post the smallest 2 bedrooms which are the A and B floorplans start in the low $600,000 with the larger 3 bedroom J units selling over $800,000.  Homes in 360 South Bay are priced well above that and HOA dues in Fusion are also considerably less at just around $200 a month.

Age:  While there are plenty of new 2 and 3 on a lot townhomes in Redondo Beach the prices for those units have reached an all time high.  Fusion condos and townhomes gives that same feeling of mondern construction as a much lower price.  While each home is different with some builder upgrades in most but not all, the homes still have all of the modern features most people are looking for.

For buyers feeling priced out of the South Bay cities of Manhattan Beach, Hermosa, El Segundo and Redondo Beach, Fusion South Bay is a great alternative.

See the current Fusion homes for sale or contact us for more information about this great community.

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.

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

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

 

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

**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