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The Slowest Market in Fusion We've Ever Seen

By
Real Estate Agent with Vista Sotheby's International 01712785

As one of the top realtors in the community of Fusion in Hawthorne.....I just can't

Fusion South Bay townhomes for sale in Hawthorne

 figure out why the real estate market is SO slow and nobody is selling their homes. Fusion South Bay is a smaller gated community so there are bound to be ups and downs but never like this.

We put together a report every year comparing the number of sales to the

 previous years and 2023 YTD is the slowest year we've ever seen.

In 2021 there were 21 homes sold in Fusion.....then things got slow.  2022 saw only 8 sales all year long and then in 2023 there have only been 4 with no listings in the past 2 months. Making it even more odd is that all 4 were not on the market until May so basically there were no listings in the first quarter and now zero listings in the 3rd quarter.   Compare that with the 2016 which was the busiest year with 26 home sales and you get the picture.

While other nearby communities such as Manhattan Village and Three Sixty South Bay just keep rolling along at a pretty steady pace....there is just nothing for sale in Fusion.

We don't have a definitive explanation as it's certainly not a lack of demand as nearby neighborhoods and communities show. We're guessing that the usual Fusion owners that might be looking to sell and buy something larger, or different, are worried about the interest rates on a purchase and simply think it's the wiser choice to stay put.

Regardless nobody is selling and it's making for a VERY slow year. Normally this would be the section in our post where we say "see the current homes for sale in Fusion"......this year that just hasn't been possible.

2023 YTD Home Sales in Fusion.  

Address Price $ Per foot Bed/Bath Sq Foot Sold Date
5408 w 149th PL #7 $805,000 $805.00 2/2,0,0,0 1000/A 6/9/2023
5403 w 149th PL #1 $910,000 $753.31 2/2,0,1,0 1208/A 6/26/2023
5507 w 149th PL #15 $938,300 $756.69 2/2,0,0,0 1240/ 5/1/2023
5404 w 149th PL #7 $1,155,000 $645.25 3/3,0,0,0 1790/B 6/27/2023

2023 (YTD as of 8/25/23 - 4 home sales

  • median list price of $895,000
  • median sold price of $924,150

2022 - 8 home sales

  • median list price of $899,000
  • median sold price of $894,305 

2021 - 21 home sales

  • median list price of $815,000
  • median sold price of $820,000

2020 - 18 home sales

  • median list price of $799,000
  • median sold price of $792,500

2019 - 14 home sales

  • median list price of $752,500
  • median sold price of $751,000 

2018 - 17 home sales

  • median list price of $699,000
  • median sold price of $715,000

2017 - 18 home sales

  • median list price of $684,000
  • median sold price of $694,950 

2016 - 26 home sales

  • median list price of $652,500
  • median sold price of $663,000