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