It’s been a while since we’ve seen a short sale in Fusion (or anywhere else in the area for that matter) but one just came on the market. The reason short sales are so rare these days is that with values in Fusion rising so rapidly it’s hard to understand just how anyone could be underwater. Having said that it does still happen on occasion. The current 3 bedroom unit is price well below the current market at $650,000 but whatever number is accepted has to be approved by the bank and that’s always the challenge. To learn more about short sales and foreclosures visit our South Bay foreclosure information page at KeithKyleHomes.com.
By Keith Kyle
July 2016 saw 2 record breaking sales in Fusion South Bay with no real end in sight. The first home was at 5507 W 149th Pl #3 and was a 2 bedroom “F floorplan” that sold at a whopping $725,000. That is a number that hadn’t even been seen on 3 bedroom homes a year or so ago.
The second home was located at 5402 W 149th Pl #17 and was a smaller D floorplan that sold for $700,000. Those are well beyond peak prices and both set new records. Each unit was very nicely done and had some great finishes but these were both prices that would have been absolutely unthinkable a year ago.