Does a 4 in Front Look Less Strange Now?

By Dave Fratello | April 22nd, 2015

We don't have to go back too far, or dig too deep, to talk about the rarity of $4M+ listings in the Tree Section.

New to market is a home that's neither new nor enormous – 2104 Flournoy (5br/5ba, 4300 sqft.) but does boast a large yard (on its 8600+ sqft lot).

They're starting at $4.900M.

A $4M+ listing could be expected right over by Martyrs, sure. That's a rarefied market unto itself.

(And you could argue that 2104 Flournoy gets some Martyrs glow, even if it's not on the teen streets running up from Ardmore that you'd normally call prime Martyrs blocks.)

Besides the Martyrs area, in the rest of the Trees? You can count the $4M+ sales on one hand.

This is now the third listing of the year in the Trees with a 4-handle, and one's already sold.

3311 Elm Avenue Manhattan Beach CAThe sale was at the already-much-discussed 3311 Elm (6br/7ba, 5165 sqft, 8800 sqft lot), new construction in a Cape Cod style in the very northeastern quadrant of the Trees. Sold price: $4.569M.

Then you've got the new construction at 750 30th (5br/7ba, 5070 sqft), currently asking $4.699M.

Last year, you saw 769 33rd (6br/5ba, 4900 sqft., 7400 sqft. lot) sell for $4.100M off-market.

One other 2014 listing in the Trees that listed over $4.0M got offers close, but alas, no sale was made.

2015 is a different bird, ain't it?

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