FUSION LITIGATION UPDATE Coming SOON! Subscribe to this blog to stay in the know.
Now for the recent sales activity: since there haven’t been any closed sales since October 2010 at Fusion (see my April Blog Post), I thought I’d recap and look back from Jan. 1 2010 to present day. The most important graphs in my May Market Report are the Graph Analysis of Recently Sold and On the Market Properties. These tell you exactly where the market stands.
Keep in mind, “normally” last year’s comps don’t matter much! In this case, it is helpful to see what the market was doing when there were closed sales. Also, just because a similar unit to yours sold last year for a certain price doesn’t guarantee that you would get that same amount–you might get more, you might get less. True value is determined when a willing buyer and willing seller agree on a price, an appraiser agrees on that price and escrow closes.
At Fusion, pricing also comes down to the location of your unit within the complex, upgrades and view from your windows and patio. In a buyer’s market, when there is plenty of inventory for them to choose from, buyers tend to look for negatives to justify a lower price. They will weigh pros and cons for the good things and also the negative things. If you think back to when you were buying your unit, the same thoughts you had at that time will usually be the same things today’s buyers are thinking.
I’m available for questions, comments, or to list your Fusion condo for sale. 🙂 So if you’d like to chat just reach out via email, text or vm. My cell is 310-728-5795.
Oh, by the way…I also list properties outside of Fusion. In case you have friends, family or associates who need to sell in the South Bay, I’m just an email, text or phone call away. Here are my current listings, and I am looking to increase my inventory list. Happy to help anyone you know who would appreciate my services.
Thanks for reading!