As we mentioned in a recent blog post, home sales in the gated community of Fusion South Bay was at an all time low. We thought that 22 was historically slow with
only 8 sales but that was proven outdated as 2023 saw only 6 homes sold in the year. Compare that to the biggest year of 2021 with 21 sold homes and you can see just how slow it is.
That said the home prices continued to go up and go up dramatically (keep in mind that very few sales means each sale impacts the median and average numbers more dramatically). The median sold price was almost $1,000,000 at $979,150 compared which was almost $100K higher than 2022 and $170,000 more than 2021.
Average home price for the 6 homes that sold was an immensly impressive $1,003,050 for 2023.
Take a look below at how 2023 Fusion real estate compared with the prior years.
- median list price of $985,000
- median sold price of $979,150
- median $ per foot of $736
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
2023 Home Sales in Fusion South Bay
| Type | Address | Sold Price | $ Per Sq Foot | Bed/Bath | Sq Feet | Sold Date | |
| TWNHS | 5514 W | 149th PL #12 | $1,020,000 | $720 | 3/2,0,0,0 | 1416/T | 12/19/2023 |
| TWNHS/A | 5403 W | 149th PL #6 | $1,190,000 | $717 | 3/2,0,1,0 | 1660/A | 11/27/2023 |
| TWNHS/A | 5404 W | 149th PL #7 | $1,155,000 | $645 | 3/3,0,0,0 | 1790/B | 6/27/2023 |
| TWNHS | 5403 W | 149th PL #1 | $910,000 | $753 | 2/2,0,1,0 | 1208/A | 6/26/2023 |
| CONDO/A | 5408 W | 149th PL #7 | $805,000 | $805 | 2/2,0,0,0 | 1000/A | 6/9/2023 |
| TWNHS | 5507 W | 149th PL #15 | $938,300 | $757 | 2/2,0,0,0 | 1240/ | 5/1/2023 |
few listings towards the end of the year. Overall it was a good year with 20 on market (MLS) home sales. The average asking price was $821,000 with the average sold price at $837,000 for the year….both are very big numbers compared with historical prices. Homes averaged a very short 11 days on the market before going into escrow.