Is the Fusion Real Estate Market Cooling?

In 2018 homes for sale in Fusion South Bay didn’t last long.   The average days on market for homes that sold last year was only 10 days.  Given that those numbers don’t even tell the accurate picture (many homes had multiple offers within the first few days and negotiations took several days) so in general most homes sold within a week of being listed.  Thats incredible!

Is 2019 going to be different?

If the two current listings are any indication the answer is yes.   While they may somewhat be victims of bad timing and bad weather, the two homes for sale have been on the market far longer than last years average.  The “C” floorplan at 5406 W 149th Place Unit#18 which was priced at $735,000 went on the market on January 8th has now officially reached the one month mark. That was almost unheard of in 2018. The second home is a usually high demand “E” floorplan at 5403 W 149th Place Unit#4 and it has now been on the market for over 3 weeks. Given that the last two sales of “E” and “F” units (which are fairly similar and appeal to similar buyers) sold at $805,000 and $825,000 the $799,000 list price on 5403 W 149th Place Unit#4 is certainly appealing. The location is good and upgrades and condition is great. Only time will tell if this is just a temporary blip due to the time of year and weather, or the beginning of a cooling real estate market in Fusion.

**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