5406 W 149th Place #18 – C Floorplan for Sale in Fusion for $735

**udate – as of 3/5/19 this home is now in escrow**
We’ve written quite a bit about the C floorplan currently for sale in the 5406 #18 as it’s surprising to see it still on the market.  The
C floorplan is fairly rare and the appeal generally lies in the fact that it’s significantly bigger than the smallest A and B units (around 1,000 square feet), and it offers a 2 car attached garage (A and B units have a 1 car detached garage)  My clients feedback indicates that the floorplan isn’t one of the preferred but again given the size difference between this and the smaller units it’s surprising to see it still on the market.  It certainly appears to be an indication of a slowing market in a community that was white hot in 2018.

5406 W 149th Place #18

*Square footage numbers vary as tax records and builder records show a different amount of square feet.  Information deemed reliable but not guaranteed and buyers advised to confirm all details.

Are the Two Current Listings and Indication That the Fusion Market is Slowing?

It wasn’t long ago that homes that came up for sale in Fusion didn’t last long.  Sometimes things were overpriced and didn’t sell immediately but anything priced right…sold quickly.

So is the fact that two homes have now been on the market a while an indication that the market is slowing?

In our opinion it definitely indicates a cooling in Fusion.  Although the time of year and weather (hard to believe that weather might be a factor in  Los Angeles!) have played a role in dampening (litterally) buyers moods to go and look at homes, that’s only a small part of the situation.

Of the two current listings, the home home at 5406 W 149th Place Unit#18 is now  close to 2 full months on the market at 52 days (as of 3/1) That’s a long time compared with 2018 that saw an average of only 11 days on market!  It’s a “C” floorplan which makes it a little hard to guage price (no C units have sold in quite a while) but at $735,000 it’s not too far out of line.

The other home currently on the market is an “E” floorplan at 5403 W 149th Pl # 4 that’s currently listed at $799,000. It’s a beautiful unit with upgrades throughout, custom paint, hardwood floors, and a interior location.  This was certainly one of the high demand floorplans of the past few years so the fact that it’s now been on the market for 44 days is again surprising. Given that the last E unit sold at $825,000 and the last “F” unit (fairly similar) sold at $805,000, the home at 5403 #4 currently priced at $799,000 is not priced out of line.

**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