We wish all of you at Fusion, in the South Bay and all across the US a very happy and safe 4th of July weekend. Enjoy and stay safe out there!
The newest additon to the Fusion real estate market is a new “A” floorplan unit located at 5512 W 149th #7. The A unit is one of the two smallest layouts with 2 bedrooms and 2 baths and just over 1,000 square feet. Priced at $699,000 it’s priced quite a bit higher than the last “B” (similar size and layout) that was aggressively priced at $650,000 but quite a bit less than the other unit on the market that was just reduced from $749,000 to $719,000.
Information on 5512 W 149th St #7 Listed for $699,000
It’s certainly not an easy time to predict what the real estate market in Fusion South Bay is going to do. This is normally when the market starts picking up steam but the coronavirus certainly slowed that down dramatically. At the beginning of 2020 there were no homes for sale for months. Then all of the sudden there were 3 and none sold immediately (one sold quickly but fell out of escrow). Now 2 of the 3 have sold and the reason the 3rd is likely still on the market is the price. We’ve discussed this one in the past but at $749,000 it doesn’t appear that they priced it on the recent sales or market value.
This will be a good turn of events for sellers, but buyers may have missed their very short chance to take advantage of slightly higher inventory and lower demand.
While there is no shortage of uncertainty at the moment, there’s definitely some compelling reasons to consider buying a home in Fusion at the moment. Here are just a few reasons it might be a time to consider making the move….
- Low interest rates: Interest rates are extremely low at the moment and this means lower payments every month….for the rest of your mortgage (assuming it’s fixed). Lower interest rates means your purchasing power goes further….sometimes much further and a loan that might have been challenging to qualify before may now be much easier.
- Low HOA dues: Many buyers don’t calculate all of the costs and HOA can often significantly impact your monthly cost. Fusion has always had a very low monthly HOA which can help qualify for more
- Several homes on the market: While just a month ago there were no homes for sale, there are now 3 (as of 4/20). This may mean that sellers are more willing to negotiate a lower price or better terms
- Great schools: The award winning Wiseburn School District only improved with the addition of the high school. Great schools make great communities and keep home values solid in every market.
Current Fusion South Bay Homes for Sale
After months of having no homes for sale in this gated community, we now have 3 for sale. All three came on the market in a flurry and as timing is everything…..it’s probably not ideal….unless you’re a home buyer. Whereas buyers were scrambling for anything, they now have options and likely some negotiating power. We never would have imagined this a few months ago but oh how things have changed.
Current Homes for Sale in Fusion South Bay
It’s pretty hard to believe that not a single home had come on the market in Fusion in the past 3 1/2 months and now we have three new listings. The latest addition is a B floorplan which is the smallest layout and priced accordingly. This layout offers 2 bedrooms and 2 baths and is a perfect starter type home for those looking to go from a rental to home ownership. The home is in a nice part of the community a bit less impacted by some of the various commercial and industrial property that is visible from other sides of Fusion. The usual low HOA fees in Fusion makes this a pretty attractive listing. Contact us for more information on this home.