Fusion South Bay real estate and townhomes for sale

Fusion South Bay Real Estate and Homes for Sale

Fusion Home Sales and Prices for September 2017

by

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

by

Fusion South Bay Real Estate Market UpdateFusion South Bay townhomes

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

Recent home activity in the gated community of 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

 

And then there were None – 0 Active Listings in Fusion to Start February

by

By Keith Kyle

There’s low inventory and then there is NO inventory. Unfortunately that’s where we are at in Fusion with the last of the active listings going into escrow. As it’s an ideal time to sell, it’s unusual to see so few homes on the market. In general the market picks up in February but with inventory having been so low for so long….we’ll just have to wait and see.

Suddenly Some New Home Inventory in Fusion South Bay

by

By Keith KyleFusion South Bay townhomes for sale in Hawthorne

It wasn’t long ago that we were wondering if the market would ever slow down in Fusion.  We also wondered if list prices had gotten too high and whether some very excessive list prices would start to slow things down a bit.  It appears as though that might be the case as we are now beginning to see some price reductions and some list prices we thought were well out of line (keep in mind we’ve thought that before only to see yet a new record sales price) are starting to come down.

As of October 27th there are 4 homes on the market with several having been on for quite a while.   If you want to keep current on the real estate market in Fusion, fill out our request for to receive FREE email updates whenever a new home in Fusion comes on the market.

 

 

Have Prices Finally Gotten Too High in Fusion?

by

By Keith KyleFusion A Floorplan Kitchen

Home prices in Fusion, one of the South Bay’s only newer construction gated communities, has done nothing but go up in the past two years.  Prices that once seemed impossible are now the norm and many buyers are kicking themselves for not buying when the market was down.  As with any real estate market with skyrocketing prices….it has to end, or at least dramatically slow down, at some point.

The question is….are we at that point?  It’s a bit tough to say as part of the reason the few listings that are currently for sale are sitting (which hasn’t happened in a long time) is that they are priced beyond peak values.  3 bedroom units had been selling in the high $600,000s 16 months ago and the most recent new listing came out at an unbelievable $825,000.   See the home and all new home listings in Fusion South Bay here.

Only time will tell whether the slight slowdown is simply do to temporary overpricing or if the market has gotten too rich for buyers in general.

Rare Short Sale in Fusion

by

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 5 patiocame 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.

See more information and details on 5509 W 149TH Pl # 6 for sale in Fusion.