Fusion South Bay real estate and townhomes for sale

Fusion South Bay Real Estate and Homes for Sale

Fusion Real Estate – 2019 First Half Recap

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The real estate market in Fusion South Bay has seen some ups and downs in terms of the number of homes sold in the first half of 2019.  The year started fairly strong with two listings closing in January.  The next sale didn’t close until a few months later.  May and June were fairly busy with a 6 homes selling but July completely slowed down in the Fusion real estate market.

Overall we’ve seen 14 homes on the market in 2019 with 1 current home for sale in Fusion, two in escrow and 10 closed sales and one home being pulled off of the market.  While average home prices don’t mean quite as much due to the various floorplans it’s still good to know.  Average list prices were $751,000 with average sold prices for 2019 at $765,000 indicating a very strong seller’s market.  Average price per foot has been $603.

Fusion Homes on the Market in 2019

Status
 

Address
Price
$ Per Foot
Bed/Bath
Sq Feet*
Sold/List Date
Sold
5512 W

149th PL   #11
$848,000
$510.84
3/3,0,0,0
1660/A
1/7/2019
Sold
5402 W

149th PL   #12
$820,000
$493.98
3/2,0,1,0
1660/A
1/22/2019
Sold
5406 W

149th PL   #18
$710,000
$639.64
2/1,1,1,0
1110/A
4/2/2019
Sold
5403 W

149th PL   #4
$799,000
$583.21
2/1,1,1,0
1370/A
5/1/2019
Sold
5412 W

149th PL   #4
$807,000
$589.05
2/1,1,1,0
1370/A
5/14/2019
Pending
5412 W

149th PL   #10
$685,000
$685.00
2/2,0,0,0
1000/A
5/25/2019
Sold
5507 W

149th PL   #15
$720,000
$580.65
2/1,1,0,0
1240/A
6/18/2019
Sold
5401 W

149th PL   #14
$785,000
$556.74
2/2,0,1,0
1410/A
6/19/2019
Sold
5510 W

149th PL   #4
$799,000
$583.21
2/3,0,0,0
1370/A
6/27/2019
Sold
5400 W

149th PL   #9
$669,000
$649.51
2/2,0,0,0
1030/A
7/1/2019
Sold
5506 W

149th PL   #10
$695,000
$695.00
2/2,0,0,0
1000/A
7/9/2019
Pending
5403 W

149th PL   #15
$720,000
$580.65
2/2,0,0,0
1240/A
7/17/2019
Active
5402 W

149TH PL   #8
$699,000
$699.00
2/2,0,0,0
1000/
7/22/2019

The Weather May Be Hot, But the Fusion Real Estate Market is Not

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While we should be seeing numerous homes in Fusion come on the market each month in the summer….that’s not the case.

What should be a pretty ideal time to list homes for sale given the weather and the season seems to be a big dud so far. Normally we see a good number of new listings in Fusion during summer. Whether people are just in town on vacation, looking for homes in the Wiseburn School District so they can enroll their kids before September, or just realizing it’s cooler near the beach, summer is usually a busy season.

View the current homes for sale in Fusion South Bay

Not this year with almost no homes currently on the market. There are currently 2 homes in escrow and a third “H” floorplan was just pulled off of the market after 71 days on the market. Just today a new listing finally came available priced at $699,000 which is the smallest “A” floorplan.

Here’s to hoping the market picks up and gets hot….like the weather finally has.

Recent listings, escrows and sold homes in Fusion

Status Address List Price or Sold Price $ Per Ft Bed/Bath Sq Feet* List Date or sold date
Active 5402 W 149TH PL   #8 $699,000 $699.00 2/2,0,0,0 1000/ 7/22/2019
Pending 5403 W 149th PL   #15 $720,000 $580.65 2/2,0,0,0 1240/A 7/17/2019
Pending 5412 W 149th PL   #10 $685,000 $685.00 2/2,0,0,0 1000/A 5/25/2019
Sold 5400 W 149th PL   #9 $669,000 $649.51 2/2,0,0,0 1030/A 7/1/2019
Sold 5506 W 149th PL   #10 $695,000 $695.00 2/2,0,0,0 1000/A 7/9/2019
Sold 5507 W 149th PL   #15 $720,000 $580.65 2/1,1,0,0 1240/A 6/18/2019
Sold 5401 W 149th PL   #14 $785,000 $556.74 2/2,0,1,0 1410/A 6/19/2019
Sold 5510 W 149th PL   #4 $799,000 $583.21 2/3,0,0,0 1370/A 6/27/2019
Sold 5403 W 149th PL   #4 $799,000 $583.21 2/1,1,1,0 1370/A 5/1/2019
Sold 5412 W 149th PL   #4 $807,000 $589.05 2/1,1,1,0 1370/A 5/14/2019
Cancelled 5400 W 149th PL   #4 $799,000 $498.44 2/2,0,1,0 1603/B 7/11/2019

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

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**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.

5403 W 149th Place #4 in Fusion South Bay Listed for $799,000

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We’ve written quite a bit about the E floorplan currently for sale in the 5403 #4 as it’s surprising to see it still on the market.  The E floorplan is one of the most popular in the community and with the last sale being well over $800,000 it’s hard to see why this home is still for sale.  It certainly appears to be a cooling of the real estate market in Fusion South Bay.  The 5403 #4 home is one of the larger 2 bedroom layouts with around 1,400 square feet*

5403 W 149th Place #4

*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?

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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.

Why So Many 3 Bedrooms Selling in Fusion Lately?

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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