Fusion South Bay real estate and townhomes for sale

Fusion South Bay Real Estate and Homes for Sale

First Quarter Recap – Home Sales in Fusion Through March

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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 hasBeautiful A unit interior spaces in Fusion 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

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**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.

Are the Two Current Listings and Indication That the Fusion Market is Slowing?

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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.

So How Do You Find Out About Fusion Listings Before They Hit the Market?

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Many buyers are interested in finding out about listings before they hit the market…or even better….listings that won’t be coming on the market.  The advantages are obvious and knowing about homes before others can be a tremendous help when searching for a home in a seller’s market.

So how do you find out about these “off market” or “pocket” listings?

Choosing a realtor that specializes in the Fusion community and has a deep network of both owners and realtors is critical.   It’s also critical to work with an agent that is contantly reaching out to those owners and agent to get information not readily available.  We pride ourselves on being top agents in both the Fusion and  360 communities.  We often hear of listings that never make it to the MLS.

For buyers the key is not only to work with a realtor that may know of off market listings, but being ready if the right home comes along.  Unfortunately off market listings don’t stay off market for long, so being ready in terms of loan approval, finances, etc. is an important step.

We are happy to provide our clients with the information we get through our networks but we can only do this for our exclusive clients (not working with another agent) and home buyers that are ready and eager to find that perfect home.  If you would like our help contact us or fill in our Fusion listing alert request page and let us know you are interested in off market listings.

Why So Many 3 Bedrooms Selling in Fusion Lately?

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Since the original development in Fusion South Bay, 3 bedroom homes have always been rare to the market.  Usually there are only a few 3 bedrooms that sell during the year due primarily to the lower numbers of larger units.  Most of the units in Fusion are two bedrooms with each building having a very limited number of three bedroom homes.  For some reason in the later parts of 2018 and early 2019 3 bedrooms seem to be the norm…not the exception.  The last 2 homes that have sold in Fusion have been “J” floorplans with all 3 bedrooms on one level.  Of the last 8 sales in Fusion 4 were larger 3 bedrooms….that’s just unheard of in the past 5 years.

Most recent sales in Fusion South Bay

2 Homes Currently for Sale in Fusion – 1/31/19 Market Update

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In years past  “only” 2 weeks on the market wouldn’t have meant anything….that hasn’t been the case over the past two years with homes in Fusion often going into escrow in the first week and some selling before they even hit the market.  The average days on market for the homes that sold in Fusion in 2018 was 11.  With one home currently for sale and  on the market for 15 days and another on the market for over three weeks, does that indicate a slight slowdown or just a temporary blip due to the time of year and weather?  This is normally a slower time of year so we’ll know more as to whether the market heats up along with the weather.

As of 1/31 there are two active listings in Fusion.  The first is a “C” floorplan at 5406 W 149th Pl # 18 that is priced at $735,000 and the other an “E” floorplan at 5403 W 149th Place Unit#4 currently priced at $799,000.  E floorplans had been one of the highest demand layouts over the past 2 years.

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