Fusion South Bay Market Update – Inventory on the Rise in 2012
Fusion South Bay is a unique real estate market in the South Bay as it is one of the only “newer” construction complexes near the beach. It is also unique in that it doesn’t always pattern the rest of the market and seems to come in waves with very few listings, then an abundance of listings, then back to low inventory. The complex had almost no sales in 2011 due to the threat of litigation against the original builder, but once that was resolved the flood of pent up demand quickly saw almost all of the active listings go into escrow. Since the beginning of 2012 we have seen 3 completed sales with 5 additional homes currently in escrow. Inventory had been down since January, but now has once again seen numbers on the rise with 5 active condos/townhomes for sale.
The current condos and townhomes range from the smallest floorplan at just over 1000 square feet priced at $385,000 to the largest of the units priced at just under $550,000 located at 5401 149th Place unit 11. The homes are located in an area of Hawthorne known as Hollyglen with it’s own school system and is located just across the street from Manhattan Beach.