With the latest 2 bedroom going into escrow there are officially no homes on the market. The difference between Fusion South Bay and Three Sixty is fairly striking
with inventory on the rise and homes sitting in the gated community of 360 South Bay and very limited number of homes hitting the market in Fusion. It’s not clear why there are so few homes for sale in Fusion for the past few months but we certainly hope to see some new listings in the future.
360 South Bay, Hollyglen And Del Aire Homes and Real Estate
Welcome to Three Sixty, Hollyglen and Del Aire in Hawthorne CA
Fusion South Bay is located in the Hollyglen area of Hawthorne CA. Hollyglen is a great alternative to neighborhoods like West Torrance and Southwood (Torrance) as it has a similar look and feel but prices are generally a bit more affordable. It’s also populare with commuters as it lessens the drive time by quite a bit with convenient access to the freeway. The neighborhood of Hollyglen sits west of the 405 Freeway, north or Rosecrans and south of El Segundo Blvd. Most of the homes in Hollyglen were post war 40’s and 50’s bungalows ranging between 900 and 1,400 feet. Prices have risen dramatically over the past few years with homes ranging between the low $700,000s to over a million. One of the strongest appeals to Hollyglen is the award winning Wiseburn School District. A past concern was the lack of a high school in the district but that’s changing with the completion of Wiseburn High School. At the top corner of the community sits Three Sixty at South Bay which is a very popular alternative to Fusion.
Three Sixty South Bay
Many home buyers that are interested in Fusion are also looking at 360. Three Sixty is a few years newer than Fusion and has amenities to rival a luxury hotel with multiple pools, jacuzzi, state of the art fitness center, incredible clubhouse rooms, dog park, multiple parks and a sport court with basketball and paddle tennis. There are a number of layouts and floorplans including the single family style detached Terrace homes, single level condos in the Flats and townhomes in the Courts, Row, Townes and more. Prices range from the low $600,000s for a studio in the Flats up to $1.3M for the largest of the Terraces.
Current Homes for sale in Hollyglen, Del Aire and 360 South Bay
First Quarter Recap – Home Sales in Fusion Through March
It’s been a slow year so far in Fusion with only 4 properties on the market in 2019 thus far. Currently there is only one active listing at 5403 149th Pl #4 which has
been on the market since mid January. It’s a beautiful home but a challenge to get in for a tour which is partially responsible for the long time on the market.
Currently one home is in escrow at 5406 #18 which is a 2 bedroom C floorplan that had been on the market for a while.
The only other activity for the year were two sales that have thus far closed in 2019. Both were 3 bedroom J units which are normally very rare but seemed to be a wave of them in 2018 early 2019. The home at 5512 W 149th Place Unit #11 sold off market in January (and was quickly rented out) but had been on the market in and out of escrow in 2018. The home at 5402 W 149th Place Unit#12 sold after one week. It was listed at $829,000 and sold at $820,000. It was a nicely upgraded unit but location was a bit of a challenge with views of the electrical substation.
5406 W 149th Place #18 – C Floorplan for Sale in Fusion for $735
**udate – as of 3/5/19 this home is now in escrow**
We’ve written quite a bit about the C floorplan currently for sale in the 5406 #18 as it’s surprising to see it still on the market. The
C floorplan is fairly rare and the appeal generally lies in the fact that it’s significantly bigger than the smallest A and B units (around 1,000 square feet), and it offers a 2 car attached garage (A and B units have a 1 car detached garage) My clients feedback indicates that the floorplan isn’t one of the preferred but again given the size difference between this and the smaller units it’s surprising to see it still on the market. It certainly appears to be an indication of a slowing market in a community that was white hot in 2018.
5406 W 149th Place #18
*Square footage numbers vary as tax records and builder records show a different amount of square feet. Information deemed reliable but not guaranteed and buyers advised to confirm all details.
5403 W 149th Place #4 in Fusion South Bay Listed for $799,000
We’ve written quite a bit about the E floorplan currently for sale in the 5403 #4 as it’s surprising to see it still on the market. The E floorplan is one of the most popular in the community and with the last sale being well over $800,000 it’s hard to see why this home is still for sale. It certainly appears to be a cooling of the real estate market in Fusion South Bay. The 5403 #4 home is one of the larger 2 bedroom layouts with around 1,400 square feet*
5403 W 149th Place #4
*Square footage numbers vary as tax records and builder records show a different amount of square feet. Information deemed reliable but not guaranteed and buyers advised to confirm all details.
Are the Two Current Listings and Indication That the Fusion Market is Slowing?
It wasn’t long ago that homes that came up for sale in Fusion didn’t last long. Sometimes things were overpriced and didn’t sell immediately
but anything priced right…sold quickly.
So is the fact that two homes have now been on the market a while an indication that the market is slowing?
In our opinion it definitely indicates a cooling in Fusion. Although the time of year and weather (hard to believe that weather might be a factor in Los Angeles!) have played a role in dampening (litterally) buyers moods to go and look at homes, that’s only a small part of the situation.
Of the two current listings, the home home at 5406 W 149th Place Unit#18 is now close to 2 full months on the market at 52 days (as of 3/1) That’s a long time compared with 2018 that saw an average of only 11 days on market! It’s a “C” floorplan which makes it a little hard to guage price (no C units have sold in quite a while) but at $735,000 it’s not too far out of line.
The other home currently on the market is an “E” floorplan at 5403 W 149th Pl # 4 that’s currently listed at $799,000. It’s a beautiful unit with upgrades throughout, custom paint, hardwood floors, and a interior location. This was certainly one of the high demand floorplans of the past few years so the fact that it’s now been on the market for 44 days is again surprising. Given that the last E unit sold at $825,000 and the last “F” unit (fairly similar) sold at $805,000, the home at 5403 #4 currently priced at $799,000 is not priced out of line.