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.

Why So Many 3 Bedrooms Selling in Fusion Lately?

Since the original development in Fusion South Bay, 3 bedroom homes have always been rare to the market.  Usually there are only a few 3 bedrooms that sell during the year due primarily to the lower numbers of larger units.  Most of the units in Fusion are two bedrooms with each building having a very limited number of three bedroom homes.  For some reason in the later parts of 2018 and early 2019 3 bedrooms seem to be the norm…not the exception.  The last 2 homes that have sold in Fusion have been “J” floorplans with all 3 bedrooms on one level.  Of the last 8 sales in Fusion 4 were larger 3 bedrooms….that’s just unheard of in the past 5 years.

Most recent sales in Fusion South Bay

2 Homes Currently for Sale in Fusion – 1/31/19 Market Update

In years past  “only” 2 weeks on the market wouldn’t have meant anything….that hasn’t been the case over the past two years with homes in Fusion often going into escrow in the first week and some selling before they even hit the market.  The average days on market for the homes that sold in Fusion in 2018 was 11.  With one home currently for sale and  on the market for 15 days and another on the market for over three weeks, does that indicate a slight slowdown or just a temporary blip due to the time of year and weather?  This is normally a slower time of year so we’ll know more as to whether the market heats up along with the weather.

As of 1/31 there are two active listings in Fusion.  The first is a “C” floorplan at 5406 W 149th Pl # 18 that is priced at $735,000 and the other an “E” floorplan at 5403 W 149th Place Unit#4 currently priced at $799,000.  E floorplans had been one of the highest demand layouts over the past 2 years.

Want and easier way of keeping current with new listings.  Tell us just a little about your home search and received free email listing alerts when a new home hits the market in Fusion.

Get To Know the Neighborhood – Wiseburn School District

One of the elements that makes Fusion at South Bay such a great community  is the award winning Wiseburn School District.  Although located in the city of Hawthorne, Hollyglen residents attend this award winning school system.    One of the main concerns residents have had over the years is the lack of a local high school.  Students that graduated from the local middle school were often then enrolled in the Centinela Valley district.  As of 2015 a bond measure was passed for the construction of a local high school that will be located in nearby El Segundo.

From a real estate perspective the Wiseburn School District has a significant impact on housing values.  Homes in the district are generally priced considerably higher than those outside of the district boundaries…even if just a few blocks away.  See the current homes for sale in that attend the Wiseburn School District**

The Wiseburn Unified School District is a small  public school system in the El Segundo/west Hawthorne area that serves the Wiseburn communities of Del Aire, Hollyglen, and Wiseburn.

The Wiseburn Unified School District has entered into a  partnership with the Da Vinci Charter Schools  since 2009.  These independent charter schools were locally created to provide a high school option for Wiseburn students.  As mentioned above, in 2015 a bond measure was passed allowing for the construction of the Wiseburn High School campus that would house the three separate Da Vinci Charter Schools.

District Boundaries

As the Wiseburn district is hightly sought after the district has boundary requirements for local residents.  The district boundaries are roughly Sepulveda Boulevard on the west, Marine Avenue on the south, Imperial Highway on the north, and Inglewood Avenue on the east.  **Please note that we are providing the following for information only and cannot guarantee eligibility to the district.  Please consult with the district offices to determine residency restrictions and elegibility for the district.

Northern Boundaries  

  • Elementary school is Juan De Anza located at 12110 S Hindry
  • South of Imperial Highway to W. 127th Place, street numbers start with 5000 on all east-west streets between Aviation Boulevard and Felton Avenue.
  • Only the west side of Felton Avenue between Imperial Highway and W. 121st Street, but both sides of Felton Avenue south of W. 121st Street.
  • Avaire South Bay Apartments on 11622 Aviation Boulevard with a 90304 zip code.
  • The apartment complex on 5211 Pacific Concourse Drive and 11775 La Cienega Boulevard, both with a 90045 zip code.
  • ThreeSixty at South Bay homes on the corner of Aviation Boulevard and El Segundo Boulevard.

Southern Boundaries

  • Elementary schools are Juan Cabrillo and Peter Burnett
  • The eastside of the 405 Fwy – South of El Segundo Boulevard to W. 138th Street, numbers start with 4800 and end with 5199 between La Cienega Boulevard and Inglewood Avenue.  Only the west side of Inglewood Avenue between El Segundo Boulevard and W. 138thStreet.  (Please note, that the following are not in the Wiseburn District: houses numbered 4800-5199 on W. 139th Street to Rosecrans Avenue, as well as numbers higher than 13811 on La Cienega Boulevard, Oceangate Avenue, Shoup Avenue, and Inglewood Avenue.  These homes belong to the Lawndale School District).
  • The westside of the 405 Fwy – South of El Segundo Boulevard to Rosecrans Avenue numbers run from 5236-5550 and 13300-14100.
  • The condominiums on Marine Avenue, numbered 5401-5497, Units A & B, south of Rosecrans Avenue.
  • Fusion at South Bay homes on Aviation between Marine Avenue and Rosecrans Avenue.

The northern and southern boundaries west of Aviation Boulevard are Imperial Highway and Rosecrans, respectively with Sepulveda.  The area is part of the City of El Segundo and is mostly commercial space.

School Addresses:

Juan de Anza Elementary School
Kindergarten – Fifth Grade
12110 S. Hindry Avenue, Hawthorne, CA 90250
Phone: (310) 725-2100

Peter Burnett Elementary School
Third – Fifth Grade
5403 W. 138th Street, Hawthorne, CA 90250
Phone: (310) 725-2151

Richard Henry Dana Middle School
Sixth – Eighth Grade
5504 W. 135th Street, Hawthorne, CA  90250
Phone: (310) 725-4700

Current Homes for Sale in the Wiseburn School District**



**This information is provided for refererence and we make no assurances that the homes above are in the Wiseburn District. Please consult with the school district for to confirm residency status and whether the homes are in the district boundaries. For more information visit the Wiseburn District Website and school boundary page.

Fusion 2018 – Year in Review

2018 was a great year for home sales in Fusion At South Bay, one of the South Bay’s only newer construction gated communities.  There were 17 home sales with the low price of the year at $670,000 for a 1,000 (est) foot B floorplan and the highest price of the year was $855,000 for a 3 bedroom J unit.  The unit originally sold even higher but ran into appraisal issues.  The average price per foot (which doesn’t necessarily mean as much as usual as some realtors use the builders data, showing larger square footage, and some realtors use the tax assessor’s data, which is often much smaller) was $597 and median price per foot was at $602.  Located in the Hollyglen neighborhood of Hawthorne, Fusion sits just across the street from Manhattan Beach which lends itself to an even higher demand as many buyers are priced out of the adjacent neighborhoods.  The homes were generally built in 2006-2008 (with some variance).  Although there are currently no active homes for sale we do update our active Fusion listings page so visit to see any new listings.

Average days on market was 11 for the year….incredible.

Address
Model
Closed Price – List Price
Price per foot
Bed/ Baths
Sq Feet
Close Date
5404 W
149th PL #12
J
$815,000  $798,000
$455.31
3/1,1,1,0
1790/OTH
3/23/2018
5410 W
149th PL #14
F
$805,000  $785,000
$570.92
2/3,0,0,0
1410/A
3/30/2018
5511 W
149th PL #15
D
$730,000  $699,000
$588.71
2/2,0,0,0
1240/A
4/5/2018
5509 W
149th PL #10
A
$680,000  $649,000
$680.00
2/2,0,0,0
1000/A
5/24/2018
5403 W
149th PL #6
J
$803,000  $798,900
$483.73
3/3,0,0,0
1660/A
5/30/2018
5507 W
149th PL #8
B
$700,000  $679,000
$679.61
2/2,0,0,0
1030/A
6/7/2018
5514 W
149th PL #2
D
$746,999  $759,000
$602.42
2/2,0,0,0
1240/A
6/8/2018
5405 W
149TH PL #10
A
$650,000  $629,000
$650.00
2/2,0,0,0
1000/
6/27/2018
5408 W
149th PL #4
E
$825,000  $810,000
$602.19
2/1,1,1,0
1370/A
7/10/2018
5510 W
149th PL #8
B
$670,000  $675,000
$650.49
2/2,0,0,0
1030/A
7/20/2018
5408 W
149th PL #7
A
$690,000  $649,000
$669.90
2/2,0,0,0
1030/B
8/3/2018
5401 W
149th PL #9
B
$685,000  $679,000
$641.99
2/2,0,0,0
1067/A
8/14/2018
5506 W
149th PL #2
D
$715,000  $725,000
$576.61
2/2,0,0,0
1240/A
8/21/2018
5400 W
149th PL #7
J
$855,000  $880,000
$477.65
3/2,0,1,0
1790/O
9/7/2018
5507 W
149th PL  #9
B
$695,000  $680,000
$674.76
2/2,0,0,0
1030/A
9/20/2018
5507 W
149th PL #11
J
$844,000  $847,500
$471.51
3/3,0,0,0
1790/OTH
10/4/2018
5404 W
149th PL #10
B
$685,000  $675,000
$665.05
2/2,0,0,0
1030/A
10/9/2018

What’s Nearby? Downtown Manhttan Beach

Downtown Manhattan Beach

There are endless reasons that make Manhattan Beach such a unique and special town, and certainly one of them is the small town charm.  As with any good town, the heart of the city is located in the downtown shopping and dining area.  Only this town center sits just steps from one of the nicest beaches in the world and it’s hard Evening in Downtown Manhattan Beachnot to be amazed and dazzled by the location.  With a variety of restaurants both casual and fine dining, sports bars to catch the games, a boutique and hip hotel and shops for just about everyone, downtown Manhattan Beach really epitomizes the casual yet elegant feel of the city itself.  In addition to the abundance of activities in the center of the city, just a short walk down the street leads you to the sand of world famous Manhattan Beach as well as the Manhattan Beach pier, Roundhouse Aquarium, and the bike and walk paths of The Strand, Manhattan Beach’s oceanfront walk.

Map of downtown Manhattan Beach.

MAP-Directory_map_highres

Multiple Open Houses in Fusion South Bay 8/25 and 8/26

BUILDING YOUR DREAMS
ONE HOME AT A TIME

KEITH KYLE

proudly presents 

BEDROOMS   |   3  BATHS  |  1,790 SQ FT HOME (BTV)

   

 OFFERED AT $847,500

   

PUBLIC OPENS
SAT. & SUN., 1-4PM
   
Beautiful and rare 3 bedroom “J” floor plan in the gated community of Fusion South Bay 
KEITH KYLE
REALTOR® | DRE# 01712785

 

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Our Newest Fusion Listing – Beautiful 3 Bedroom “J” Layout

  • 5507 W 149th Place #11
  • Listed for $847,500
  • 3 bedroom, 2 1/2 bath
  • 1,790 sq feet (based on builder specs…buyer to verify)
  • Gated community of Fusion South Bay

Welcome home to this stunning and rare 3 bedroom “J” floorplan in Fusion South Bay. This home was originally a model home & offers upgrades rarely seen in the community. This highly sought after layout offers all living spaces on a single level and the flexible floorplan allows for the layout to adapt to every lifestyle. Bathed in natural light with oversized windows and high ceilings throughout, the home offers a spacious and bright living room with built in entertainment center, recessed lights, custom designed/ fitted carpeting with beautiful tile flooring underneath, plantation shutters and more. Perfect for todays lifestyle, the living room open to both dining room and the the kitchen. The stunning kitchen is the showcase of the home with upgrades throughout…granite counters, stainless appliances, 6 burner Wolf range and a large island perfect for entertaining. With 2 spacious bedrooms plus a beautiful master suite on the same level as the living spaces once inside it can feel more like a single family home. Master suite offers numerours upgrades including ceiling fan (a rare find in Fusion), custom tile work in the bathrooms, walk in closet and more. Additional features of the home include 2 car attached side by side garage, air conditioning and great privacy due to it’s location in Fusion. Fusion is a fantastic gated community with pool, spa, basketball court, playground and more and the Manhattan Beach adjacent location is just a short drive to the beach.  Contact listing agent Keith Kyle  or 310.251.2344 with Vista Sotheby’s International Realty for more info or for a private showing.

What Makes Fusion South Bay Townhomes Unique?

Fusion South Bay is a rarity in the South Bay.  With undeveloped land almost unheard of there are simply no places to build new housing developements.  While new construction single family and small townhome complexes are all the rage in this hyper active real estate market, larger complexes are a different animal altogether.

Fusion South Bay was built on former industrial land and, along with 360 South Bay, offers one of the only newer community in the area.  What makes Fusion so ideal is the combination of location (just east of Manhattan Beach and a short drive to the beach) price, and age.  As the homes were built around 2006 and 2007 they offer the feel of new construction with contemporary architecture and many of the updated features that home buyers are looking for such as air conditioning, granite counters, open layouts and more.

Location:  Fusion South Bay is located close to very high priced neighborhoods of Manhattan Beach and Redondo Beach.  In addition to feeling like they’re a part of these coastal towns, the complex also offers much better commuting options as it’s closer to freeway access than the Beach Cities.  Another fantastic aspect to Fusion is that it sits in the Hollyglen area of Hawthorne but unlike much of Hawthorne, it offers access to the award winning Wiseburn School District

Price:  Fusion is a great alternative to neighboring communities as you get far more for your money.  Something of a similar age in Redondo Beach could be $150K or more higher than Fusion.  As of this post the smallest 2 bedrooms which are the A and B floorplans start in the low $600,000 with the larger 3 bedroom J units selling over $800,000.  Homes in 360 South Bay are priced well above that and HOA dues in Fusion are also considerably less at just around $200 a month.

Age:  While there are plenty of new 2 and 3 on a lot townhomes in Redondo Beach the prices for those units have reached an all time high.  Fusion condos and townhomes gives that same feeling of mondern construction as a much lower price.  While each home is different with some builder upgrades in most but not all, the homes still have all of the modern features most people are looking for.

For buyers feeling priced out of the South Bay cities of Manhattan Beach, Hermosa, El Segundo and Redondo Beach, Fusion South Bay is a great alternative.

See the current Fusion homes for sale or contact us for more information about this great community.

All of the Sudden Some Homes on the Market in Fusion South Bay – 4/28/18

We haven’t seen much on the market recently in Fusion South Bay, one of the South Bay’s only relatively newer construction communities. There’s been a jump this past week with three new listings ranging from the smallest A floorplan up to the larger 3 bedroom. View all of the Fusion floorplans here. The prices are still reaching new heights with the A floorplan priced at $649,000 although the 3 bedroom was priced below the prices of the most recent comps both selling over $800,0000.

Current Fusion listings and pending home sales

**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