Fusion South Bay real estate and townhomes for sale

Fusion South Bay Real Estate and Homes for Sale

What Are Contingencies in an Escrow During a Home Sale?

by

What Does Contingent Mean on a House Sale?

By Matt Goeglein at Fidelity National Title

In the context of a house sale, “contingent” typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the sale of the buyer’s current home.

For example, if a buyer makes an offer on a house and the offer is accepted by the seller, the sale may be contingent on the buyer obtaining financing within a specified period of time. If the buyer is unable to obtain financing, the sale may fall through.

Another common contingency is a home inspection. If the inspection reveals significant issues with the property, the buyer may have the option to renegotiate the terms of the sale or back out of the deal altogether.

Contingencies are designed to protect both the buyer and seller in a real estate transaction. They give the buyer an opportunity to ensure that the house is in good condition and that they can obtain financing, while also giving the seller some assurance that the sale will go through if the conditions are met.

Types of Home Contingencies

There are several types of contingencies that can be included in a home sale contract. Here are some of the most common.

Financing contingency: This contingency specifies that the sale of the home is contingent on the buyer obtaining financing. If the buyer is unable to secure financing within a specified timeframe, the contract may be voided.

Appraisal contingency: This contingency specifies that the sale of the home is contingent on the home appraising for at least the purchase price. If the appraisal comes in lower than the purchase price, the buyer may have the option to renegotiate the price or back out of the deal.

Inspection contingency: This contingency specifies that the sale of the home is contingent on a satisfactory home inspection. If the inspection reveals significant issues with the property, the buyer may have the option to renegotiate the terms of the sale or back out of the deal.

Sale contingency: This contingency specifies that the sale of the home is contingent on the buyer selling their current home within a specified timeframe. If the buyer is unable to sell their current home, the contract may be voided.

Title contingency: This contingency specifies that the sale of the home is contingent on the seller having clear title to the property. If there are issues with the title, the contract may be voided or the seller may need to take steps to clear the title before the sale can proceed.

It’s important to note that contingencies can vary depending on the specifics of the contract and the state or region where the sale is taking place. It’s always a good idea to consult with a real estate professional or attorney to ensure that your contract includes the appropriate contingencies for your situation.

I Guess We’ll Have to Talk About Something Else….Still No Homes in Fusion

by

As one of the top realtors in the community of Fusion in Hawthorne…..I just can’t figure it out. While other nearby commmunities such as Manhattan VillageFusion South Bay townhomes for sale in Hawthorne and Three Sixty just keep rolling along at a pretty steady pace….there is just nothing for sale in Fusion.

We put together a report every year comparing the number of sales to the previous years and 2023 YTD is the slowest year we’ve ever seen. In 2021 there were 21 homes sold in Fusion…..then things got slow.  2022 saw only 8 sales all year long and then in 2023 there have only been 4 with no listings in the past 2 months.

Making it even more odd is that all 4 were not on the market until May so basically there were no listings in the first quarter and now zero  listings in the 3rd quarter. We don’t have a definitive explanation as it’s certainly not a lack of demand as nearby neighborhoods and communities show. We’re guessing that the usual Fusion owners that might be looking to sell and buy something larger, or different, are worried about the interest rates on a purchase and simply think it’s the wiser choice to stay put. Regardless nobody is selling and it’s making for a VERY slow year.

Normally this would be the section in our post where we say “see the current homes for sale in Fusion”……this year that just hasn’t been possible.

2023 YTD Home Sales in Fusion.  

Address Price $ Per foot Bed/Bath Sq Foot Sold Date
5408 w 149th PL #7 $805,000 $805.00 2/2,0,0,0 1000/A 6/9/2023
5403 w 149th PL #1 $910,000 $753.31 2/2,0,1,0 1208/A 6/26/2023
5507 w 149th PL #15 $938,300 $756.69 2/2,0,0,0 1240/ 5/1/2023
5404 w 149th PL #7 $1,155,000 $645.25 3/3,0,0,0 1790/B 6/27/2023

2023 (YTD as of 8/25/23 – 4 home sales

median list price of $895,000
median sold price of $924,150
median $ per foot of $755

2022 – 8 home sales

median list price of $899,000
median sold price of $894,305
median $ per foot of $721

2021 – 21 home sales

median list price of $815,000
median sold price of $820,000
median $ per foot of $649

2020 – 18 home sales

median list price of $799,000
median sold price of $792,500
median $ per foot of $607

2019 – 14 home sales

median list price of $752,500
median sold price of $751,000
median $ per foot of $587

2018 – 17 home sales

median list price of $699,000
median sold price of $715,000
median $ per foot of $602

2017 – 18 home sales

median list price of $684,000
median sold price of $694,950
median $ per foot of $552

2016 – 26 home sales

Median list price of $652,500
median sold price of $663,000
median $ per foot of $505
2022 Home Sales in Fusion South Bay

3 Bedroom J Unit Now For Sale in Fusion South Bay

by

New “J” Floorplan Home Just Listed at $1,099,000

Residence J floorplan in Fusion South Bay
3 bedroom residence J floorplan in Fusion South Bay

We were excited that a third home was hitting the market in  the gated community of Fusion South Bay, but the two that hit the market a little  over a week ago are now both already in escrow so we’re down to just the one.

This most recent listing is a desirable and somewhat rare J floorplan that’s basically all on one level.  The J sits above the other 3 bedroom G layout so there are a lot of stairs from the entry and especially from the garage but once there’s it’s a fantastic layout and floorplan.  All three bedrooms are on one side of the home with kitchen, living and dining on the other making for a nice open style layout.

The location in the community is in one of the furthest east buildings.  While this isn’t necessarily ideal given what some of the east facing units look over, #7 basically looks west so not as impacted as some of the other homes in the building.  The home is nice with some upgrades including hardwood floors and granite countertops.  As with all of the homes in Fusion the home enjoys central heat and AC.

Fusion has a very nice pool and spa, small playground, half court basketball and small grassy areas for the dogs.  Take a look below to see the details and photos of this newest listing.

Fusion is also located in the community of Hollyglen in Hawthorne and enjoys the award winning Wiseburn School District.

View the MLS listing details below.

5404 W 149th Pl #7 Basics

  • 3 bedrooms
  • 2.5 bathrooms
  • 1,790 square feet per builder plans….tax records shows 1,660
  • $330 monthly HOA
  • 2 car attached garage
  • Built in 2007
  • Listed at $1,099,000
  • Listed by Paul Buller – Paul Buller Properties – 310-218-9256

Contact Fusion real estate specialist Keith Kyle with Vista Sotheby’s International for more information

5404 W 149th Place Unit#7, Hawthorne, CA 90250 – $1,099,000

See the Homes that Sold in Hollyglen and Del Aire in April 2023

by

7 Homes Sell in Hollyglen and Del Aire in April

Welcome to the month that was in April.  Things started to pick up a bit in the real estate market of Hollyglen and Del Aire of which Fusion is a part of.  There were 7 homes that sold during the month at an average price of $1,045,229.  Homes averaged a brief 36 days before going into escrow.  If you are looking for a home in the area see the current homes for sale in Hollyglen and Del Aire neighborhoods of Hawthorne.

April 2023 Home Sales and Home Prices in Hollyglen and Del Aire

Home Type Address Price $ Per Foot Bed/Bath Sq Feet Year
SFR/D 5357 W 122nd ST $685,000 $624 3/1,0,0,0 1097/A 1950/ASR
SFR/D 5525 W 124th ST $870,000 $696 3/1,0,1,0 1250/A 1950/ASR
SFR/D 5124 W 135th ST $879,000 $1,249 2/1,0,0,0 704/A 1948/ASR
SFR/D 13423 Glasgow PL $1,005,000 $668 3/1,1,0,0 1504/A 1955/ASR
SFR/D 13211 Delafield ST $1,203,000 $1,074 3/2,0,0,0 1120/P 1955/PUB
SFR/D 5522 W 134th ST $1,360,000 $788 3/1,1,0,0 1725/A 1955/ASR
TWNHS/D 5237 Pacific Terrace $1,560,000 $756 4/2,0,1,0 2064/P 2014/PUB

 

What On Earth Happened to Fusion Home Sales? 8 Sales in 2022

by

The Slowest Year on Record for Townhome and Condo Sales in Fusion

My oh my has the real estate market in Fusion South Bay slowed this year.  There were 2o townhomes and condos that sold in the gated community of Fusion in 2021.  As of this post there have been only 8 closed sales in Fusion in 2022…..and the last one sold at the beginning of September.  We’ve posted in the past about year over year comparisons and every year since 2014 there have been about 18 homes a year that sell so six……is a bit off of the mark.

We haven’t even seen a listing in months at this point so look like 8 is the number for 2022.  Normally we would put a link in this post to the current homes for sale in Fusion…..unfortunately that wouldn’t accomplish much at this point.

Let’s hope 2023 picks up the listings and available homes a bit!

Here are the 8 homes that sold in 2022

Address Price $ Per Foot Bed/Bath Sq Feet Sold Date
5402 W 149th PL #17 $889,610 $668.38 2/2,0,0,0 1331/S 3/14/2022
5405 W 149th PL #12 $1,023,750 $726.06 3/2,0,0,0 1410/P 3/25/2022
5404 W 149th PL #11 $844,000 $844.00 2/2,0,0,0 1000/A 4/15/2022
5406 W 149th PL #14 $985,000 $718.98 2/2,0,1,0 1370/A 5/9/2022
5410 W 149th PL #4 $899,000 $656.20 2/2,0,1,0 1370/P 6/6/2022
5514 W 149th PL #2 $899,000 $725.00 2/2,0,0,0 1240/A 7/27/2022
5400 W 149th PL #18 $836,000 $686.37 2/2,0,1,0 1218/D 8/10/2022
5405 W 149th PL #9 $850,000 $825.24 2/2,0,0,0 1030/A 9/15/2022

2 Bed 2.5 Bath “C” Floorplan for Sale at 5400 W 149th Pl #18 in Fusion

by

**Please note that this post was from 2022 and 5400 W 149th Pl #18 sold for over the list price at $836,000

New to the market as of 7/6 is a fairly rare C floorplan 2 bed 2.5 bath townhome in the gated community of Fusion South Bay.  We don’t see all that many C units hit the market.  What make the C floorplan notable is that it offers probably the largest open layout of any two bedroom layout in the community.  The main level (on the second floor) is one big open space with nothing separating the kitchen, dining and living room.   It’s ideal for most and a bit odd or some as it’s SO open.  Usually the placement of furniture goes a long way but however it’s laid out it’s a great space.   Lowest level consists only of the side by side 2 car garage (there is a wall in between the 2 single doors).   Main level offers the big open space as mentioned earlier along with 1/2 bath.    Top floor offers the primary suite along with a guest bedroom as well as side by side laundry closet.  Another nice feature of the C floorplan is that it has a fairly nice sized balcony/patio along with a second narrower covered balcony.

The last sale of a C floorplan unit was $860,o00 in October of 2021.  That one was quite a bit more upgraded and a better location within the community.

As with all condos and townhomes in Fusion, the home has central A/C and is part of the award winning Wiseburn School District.

5400 W 149th Pl #18 Basics

  • 2 bedrooms on upper level
  • 2.5 bathrooms
  • 1,218 square feet*(btv)
  • $293 HOA dues
  • Priced at $825,000
  • Listing by Tiffany Chin – Keller Williams Larchmont – 323-762-2600

Contact Fusion real estate specialist Keith Kyle with Vista Sotheby’s International to request for more information

As with all of the layouts in Fusion the square footage differs between the tax records and the original buider plans.  According to the listing agent the home was measured at 1,218 square feet but cannot guarantee accuracy.

5400 W 149th Pl #18, Hawthorne 90250 – Listed for $825,000