It’s certainly not an easy time to predict what the real estate market in Fusion South Bay is going to do. This is normally when the market starts picking up steam but the coronavirus certainly slowed that down dramatically. At the beginning of 2020 there were no homes for sale for months. Then all of the sudden there were 3 and none sold immediately (one sold quickly but fell out of escrow). Now 2 of the 3 have sold and the reason the 3rd is likely still on the market is the price. We’ve discussed this one in the past but at $749,000 it doesn’t appear that they priced it on the recent sales or market value.
This will be a good turn of events for sellers, but buyers may have missed their very short chance to take advantage of slightly higher inventory and lower demand.