Fusion 2018 – Year in Review

2018 was a great year for home sales in Fusion At South Bay, one of the South Bay’s only newer construction gated communities.  There were 17 home sales with the low price of the year at $670,000 for a 1,000 (est) foot B floorplan and the highest price of the year was $855,000 for a 3 bedroom J unit.  The unit originally sold even higher but ran into appraisal issues.  The average price per foot (which doesn’t necessarily mean as much as usual as some realtors use the builders data, showing larger square footage, and some realtors use the tax assessor’s data, which is often much smaller) was $597 and median price per foot was at $602.  Located in the Hollyglen neighborhood of Hawthorne, Fusion sits just across the street from Manhattan Beach which lends itself to an even higher demand as many buyers are priced out of the adjacent neighborhoods.  The homes were generally built in 2006-2008 (with some variance).  Although there are currently no active homes for sale we do update our active Fusion listings page so visit to see any new listings.

Average days on market was 11 for the year….incredible.

Address
Model
Closed Price – List Price
Price per foot
Bed/ Baths
Sq Feet
Close Date
5404 W
149th PL #12
J
$815,000  $798,000
$455.31
3/1,1,1,0
1790/OTH
3/23/2018
5410 W
149th PL #14
F
$805,000  $785,000
$570.92
2/3,0,0,0
1410/A
3/30/2018
5511 W
149th PL #15
D
$730,000  $699,000
$588.71
2/2,0,0,0
1240/A
4/5/2018
5509 W
149th PL #10
A
$680,000  $649,000
$680.00
2/2,0,0,0
1000/A
5/24/2018
5403 W
149th PL #6
J
$803,000  $798,900
$483.73
3/3,0,0,0
1660/A
5/30/2018
5507 W
149th PL #8
B
$700,000  $679,000
$679.61
2/2,0,0,0
1030/A
6/7/2018
5514 W
149th PL #2
D
$746,999  $759,000
$602.42
2/2,0,0,0
1240/A
6/8/2018
5405 W
149TH PL #10
A
$650,000  $629,000
$650.00
2/2,0,0,0
1000/
6/27/2018
5408 W
149th PL #4
E
$825,000  $810,000
$602.19
2/1,1,1,0
1370/A
7/10/2018
5510 W
149th PL #8
B
$670,000  $675,000
$650.49
2/2,0,0,0
1030/A
7/20/2018
5408 W
149th PL #7
A
$690,000  $649,000
$669.90
2/2,0,0,0
1030/B
8/3/2018
5401 W
149th PL #9
B
$685,000  $679,000
$641.99
2/2,0,0,0
1067/A
8/14/2018
5506 W
149th PL #2
D
$715,000  $725,000
$576.61
2/2,0,0,0
1240/A
8/21/2018
5400 W
149th PL #7
J
$855,000  $880,000
$477.65
3/2,0,1,0
1790/O
9/7/2018
5507 W
149th PL  #9
B
$695,000  $680,000
$674.76
2/2,0,0,0
1030/A
9/20/2018
5507 W
149th PL #11
J
$844,000  $847,500
$471.51
3/3,0,0,0
1790/OTH
10/4/2018
5404 W
149th PL #10
B
$685,000  $675,000
$665.05
2/2,0,0,0
1030/A
10/9/2018

Off Market Sale at 5512 W 149th Pl # 11?

We recently noticed a 3 bedroom condo at 5512 W 149th Pl # 11 coming on the MLS at $850,000 but immediately was a pending sale.  This is often the case when something sells off market but is put on the MLS for various reasons.  The home had been on the market priced at $835,000 back towards the end of summer but the owner decided to pull it off of the market.  If the seller did end up getting this new price or higher that might have been a beneficial delay.  We’ll keep you posted when we have more information.

As of this writing there is another 3 bedroom on the market at 5402 W 149th Place Unit#12.  3 bedroom units are fairly rare as the bulk of the units in Fusion are 2 bedrooms so it’s especially rare to see 2 different 3 bedroom units on the market.

Want an easier way to keep up with new home listings in Fusion?  Sign up for free email alerts anytime a new home hits the market.

Finally a New Listing Coming on the Market in Fusion

It’s been a while since anything was for sale in Fusion but we’re getting word that something new is finally coming on the market.  Later this week we should see a “J” floorplan come on the market around $829,000.  Visit our current listings in Fusion page later in the week to take a look or contact us to ask about this upcoming listing.

Latest Fusion South Bay Real Estate News

It’s been a busy market in Fusion with a number of new listings, new escrows, price changes and closed sales. Here’s the latest:

  • 5507 #11 – This is a 3 bedroom J floorplan which is usually very rare but when this hit the market late in August this was the 3rd J unit on the market.  This beautiful home went into escrow quickly and is scheduled to close escrow on September 28th.  List price was $847,500
  • 5512 #11 – This was another 3 bedroom J floorplan that was initially listed at $850,000.  When 5507 was put on the market this home was reduced to $835,000.   They had an offer but the seller decided to pull it off of the market and it’s no longer available.
  • 5404 #10 – This is one of the smaller “B” 2 bedroom units currently active on the market and priced at $675,000.  We believe they’ll have multiple offers and it will be in escrow shortly.
  • 5403 #4 – This is a larger 2 bedroom originally priced at $815,000 and recently reduced to $799,000 and is still active.  It’s a nice unit that faces the interior.
  • 5507 #9 – This is another smaller “B” floorplan that was a relocation.  It sold quickly with multiple offers and is currently pending
  • 5400 #7 – This was yet another 3 bedroom “J” floorplan unit that faced the interior but was towards the end of the complex.  It came out at a fairly huge number of $880,000 and quickly went into escrow.  The unit will close this week at a record sales price for the community.

For more information on all of these visit the current Fusion South Bay listings, or see the recent sales activity in this gated community.

Multiple Open Houses in Fusion South Bay 8/25 and 8/26

BUILDING YOUR DREAMS
ONE HOME AT A TIME

KEITH KYLE

proudly presents 

BEDROOMS   |   3  BATHS  |  1,790 SQ FT HOME (BTV)

   

 OFFERED AT $847,500

   

PUBLIC OPENS
SAT. & SUN., 1-4PM
   
Beautiful and rare 3 bedroom “J” floor plan in the gated community of Fusion South Bay 
KEITH KYLE
REALTOR® | DRE# 01712785

 

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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

March 2018 Fusion Update – 2 Pending Sales, One Recent Close and No Active Listings

The trend of extremely low housing inventory in Fusion South Bay continues with March 2018 starting and no active homes for sale in one of the Beach Cities only gated communities.  If you would like to be notified when a new Fusion South Bay home hit’s the market tell us about your search and we’ll be happy to help.

*The homes below may be represented by other realtors. We are providing the following listings as a service to our clients and web visitors

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

 

Fusion Home Sales and Prices for September 2017

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Fusion South Bay saw two closed sales with a B floorplan at 5510 W 149th Pl # 8 sell just below the list price at $593,000 and an E floorplan at 5401 W 149th Pl # 13 also closing just below the list price at $772,500.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%

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

 

**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