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BOSTON RESIDENTIAL MARKET

2016 Neighborhood Breakdown This radiant neighborhood is best known for its student popu- Typical Unit Sold in this Neighborhood lation due to its proximity to many colleges and universities. In recent years, an infl ux of immigrants and young professionals has taken an increasingly active role in the neighborhood. This varied mix of people creates one of the most energetic and di- 2 1 901 verse populations in . Harvard Avenue, Commonwealth Bedroom Bathroom Square Foot Avenue and Brighton Avenue host many ethnic restaurants and popular watering holes. The Honan-Allston branch public li- brary, named after the late Boston City Councilor Brian Honan, Condo Market (Average) Rental Market (Average) is a treasure of information and genuine resource for the entire community Sold for: Rented for: Fast Facts: $240K $1,391 • Average Sale Price per SF in 2016 has been $490 ($459 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 34.1% • Ranks 9th as Most Affordable Neighborhood in Boston Days on the Market: Days on the Market:

Price per Square Feet Over Time 30 36 $/SF days days

Sold at an Average of: 97.6 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate BACK BAY It’s easy to understand why the Back Bay is one of America’s Typical Unit Sold in this Neighborhood most desirable neighborhoods. , Boylston Street and Commonwealth Avenue are lined with unique shops, trendy restaurants and vintage homes, making the Back Bay an extremely fashionable destination for Boston residents and 2 2 1,312 visitors. In fact, it’s not uncommon to spot celebrities strolling Bedroom Bathroom Square Foot up and down these picturesque streets. This bustling neighbor- hood also houses the two tallest members of Boston’s skyline, the Prudential Center and the John Hancock Tower, in addition Condo Market (Average) Rental Market (Average) to architectural treasures such as and the . Sold for: Rented for: Fast Facts: $786K $2,597 • Average Sale Price per SF in 2016 has been $1,129 ($1,117 per Bedroom per Bedroom in 2015) • Total Sale Price per SF increase since 2009 was 34.7% • Ranks 2nd Most Expensive Neighborhood in Boston when it Days on the Market: Days on the Market: comes to price per bedroom (Condo)

Price per Square Feet Over Time 75 41 $/SF days days

Sold at an Average of: 101.7 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate BEACON HILL One of Boston’s oldest communities, Beacon Hill gets its name Typical Unit Sold in this Neighborhood from a beacon that once stood atop its hill to warn locals about foreign invasion. Approximately one square mile in size, Bea- con Hill is bound by Beacon Street, Bowdoin Street, Cambridge Street and Storrow Drive. Its architecture and lay- out is refl ec- 2 1.51020 tive of old colonial Boston, consisting of brick row houses with Bedroom Bathroom Square Foot beautiful doors, decorative iron work, brick sidewalks, narrow streets, and gas lamps. Beacon Hill is also home to the Mas- sachusetts State House and America’s fi rst African Meeting Condo Market (Average) Rental Market (Average) House. Charles Street, the neighborhood’s main thoroughfare, is lined with antique shops and restaurants. Beacon Hill has Sold for: Rented for: been home to many notable Americans, including Louisa May Alcott, Oliver Wendell Homes, Daniel Webster, Robert Frost, Sylvia Plath, and Senator John Kerry. $558K $2,308 Fast Facts: per Bedroom per Bedroom

• Average Sale Price per SF in 2016 was $974 ($924 in 2015) • Total Sale Price per SF increase since 2009 was 25.4% Days on the Market: Days on the Market: • Ranks 5th as Most Expensive Neighborhood in Boston (Condo Prices) Price per Square Feet Over Time 39 34 $/SF days days

Sold at an Average of: 99.5% of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate BRIGHTON Multi-family homes and condominiums lines the streets of this Typical Unit Sold in this Neighborhood welcoming neighborhood, which is located in the northwest corner of Boston, on the shores of the Charles River. Many of Brighton’s small businesses are located along Washington Street, which runs straight through Brighton Center to Oak 2 1.5924 Square. The Brighton Center Main Streets Program has been Bedroom Bathroom Square Foot actively attracting new businesses to the neighborhood, as well as offering grants for storefront renovations. St. Elizabeth’s Hos- pital and the Franciscan Children’s Hospital also call Brighton Condo Market (Average) Rental Market (Average) home. Families, young professionals and graduates students are all lured to Brighton for its tranquil yet dynamic atmosphere. Sold for: Rented for: Fast Facts: $273K $1,310 • Average Sale Price per SF in 2016 has been $531 ($487 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 28.5% • Ranks 10/23 as Most Affordable Neighborhood in Boston Days on the Market: Days on the Market:

Price per Square Feet Over Time 27 30 $/SF days days

Sold at an Average of: 97.6 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate CHARLESTOWN Situated on the banks of Boston Harbor and the Mystic River Typical Unit Sold in this Neighborhood on the north side of the city, Charlestown has translated its his- torical roots into a thriving 21st Century neighborhood. As the home to such signifi cant landmarks as the U.S.S. Constitution, the and the Navy Yard, Charlestown’s 2 21,124 allure has enticed a new generation of immigrants and young Bedroom Bathroom Square Foot professionals to join its traditionally Irish-American population. Residents, new and old, frequent the local restaurants and es- tablishments along Main Street and in City Square. Condo Market (Average) Rental Market (Average)

Sold for: Rented for: Fast Facts: $372K $1,821 • Average Sale Price per SF in 2016 has been $629 ($610 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 30.1% • It is very close to the average city condo price per square Days on the Market: Days on the Market:

Price per Square Feet Over Time 46 30 $/SF days days

Sold at an Average of: 98.1 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate DORCHESTER Dorchester, Boston’s largest neighborhood, is also one of its Typical Unit Sold in this Neighborhood most diverse. Long-time residents mingle with newer immi- grants from Ireland, Vietnam, and Cape Verde. The nation’s fi rst Vietnamese Community Center is located in , the heart of the Vietnamese community in Boston. Dorchester Av- 2 1.51,186 enue anchors the neighborhood business district with a unique Bedroom Bathroom Square Foot mix of ethnic restaurants, beauty salons, electronics stores, and pharmacies. Franklin Park, considered the “crown jewel” of Frederick Law Olmsted’s Emerald Necklace Park System, is Condo Market (Average) Rental Market (Average) located here. The Park features 527 acres of green space and walking paths, a zoo, and an 18-hole municipal golf course. Sold for: Rented for: Bordered by the Neponset River and Boston Harbor, Dorches- ter residents enjoy the riverfront amenities of Pope John Paul II Park as well as harbor beaches and boating opportunities. $212K $906 Fast Facts: per Bedroom per Bedroom

• Average Sale Price per SF in 2016 has been $363 ($323 in 2015) Days on the Market: Days on the Market: • Total Sale Price per SF increase since 2009 was 83.7% • Ranks 4th Most Affordable Neighborhood in Boston (Condo Prices) Price per Square Feet Over Time 51 39 $/SF days days

Sold at an Average of: 98.7 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate Originally a center of shipbuilding, East Boston has always been Typical Unit Sold in this Neighborhood a neighborhood of immigrants. Today its population is made up largely of Italian-Americans and immigrants from Central and South America and Southeast Asia. That diversity is refl ected in the neighborhood’s myriad of ethnic restaurants. The nation’s 2 1.5 968 fi rst branch library was built in East Boston in 1870. The hous- Bedroom Bathroom Square Foot ing is a mixture of old and new, including many restored triple- deckers. Logan Airport, is located here, making East Boston a gateway to people from around the world. Located across Bos- Condo Market (Average) Rental Market (Average) ton Harbor, East Boston residents enjoy fantastic waterfront views of the city skyline. Sold for: Rented for: Fast Facts: $217K $1,218 • Average Sale Price per SF in 2016 has been $412 ($387 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 33.6% • Condo Prices per Bedroom are below city average in East Days on the Market: Days on the Market: Boston.

Price per Square Feet Over Time 58 33 $/SF days days

Sold at an Average of: 99.2 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate FENWAY Perhaps most recognized as the home of and the Typical Unit Sold in this Neighborhood , Fenway/Kenmore also boasts many of the City’s top cultural institutions, including the Museum of Fine Arts and Symphony Hall. Fenway/Kenmore also has a strong academic presence, including Boston Latin School, America’s 1 1 764 fi rst public school, as well as several institutions of higher learn- Bedroom Bathroom Square Foot ing. Many of these undergraduate students, as well as young people throughout the city, are drawn to the lively bars and clubs along Lansdowne Street. The Fenway is another central Condo Market (Average) Rental Market (Average) thoroughfare that encircles the Back Bay Fens, the neighbor- hood’s preeminent green space, which was designed by Fred- Sold for: Rented for: erick Law Olmsted. Fast Facts: $382K $1,900 per Bedroom per Bedroom • Average Sale Price per SF in 2016 has benn $768 ($702 in 2015) • Total Sale Price per SF increase since 2009 was 25.9% • Ranks 8th Most Expensive Neighborhood in Boston (Condo Days on the Market: Days on the Market: Price/BR) Price per Square Feet Over Time 29 47 $/SF days days

Sold at an Average of: 98.9 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate FINANCIAL DIST. The Financial District, for the purpose of this report, encom- Typical Unit Sold in this Neighborhood passes Chinatown, The Leather District and The Waterfront neighborhoods or in other words most of Boston’s Downtown. These areas represent most of Boston’s center of business and government combine with great public spaces to form a dy- 2 1.5 1,137 namic downtown. It also serves as a sanctuary for shoppers, Bedroom Bathroom Square Foot offering everything from large department stores to cozy bou- tiques. It is also home to many of Boston’s most historic sites such as . Condo Market (Average) Rental Market (Average)

Sold for: Rented for: Fast Facts: • Average Sale Price per SF in 2016 has benn $880 ($825 in $632K $2,734 2015) per Bedroom per Bedroom • Total Sale Price per SF increase since 2009 was %31.5 • Ranks 3rd Most Expensive Neighborhood in Boston (Condo Price/BR) Days on the Market: Days on the Market:

Price per Square Feet Over Time 60 42 $/SF days days

Sold at an Average of: 101.7 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate HYDE PARK As Boston’s southernmost neighborhood, Hyde Park offers the Typical Unit Sold in this Neighborhood intangibles of city life as well as the open space more com- monly associated with the suburbs. The historic Neponset Riv- er runs through this neighborhood that was annexed to the City of Boston in 1912. Hyde Park’s unmatched community spirit is 2 1.51,046 on display in the many small shops and restaurants along Hyde Bedroom Bathroom Square Foot Park Avenue, River Street and Fairmount Avenue that make up the Cleary and Logan Square business districts. In the spring and summer, many city residents fl ock to Hyde Park to golf at Condo Market (Average) Rental Market (Average) the George Wright Golf Course, one of the city’s two municipal golf courses. Hyde Park’s charm has also captured the heart of Sold for: Rented for: former Mayor Thomas M. Menino, a lifelong resident. Fast Facts: $156K $847 • Average Sale Price per SF in 2016 has been $228 ($189 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 35.0% • Ranks 5th Most Affordable Neighborhood in Boston (Condo Days on the Market: Days on the Market: Price/SF)

Price per Square Feet Over Time 75 36 $/SF days days

Sold at an Average of: 104.7 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate Jamaica Plain, or “JP” as the locals call it, is a classic “streetcar Typical Unit Sold in this Neighborhood suburb” that has evolved into one of Boston’s most diverse and dynamic neighborhoods. The ethnically diverse area is home to many Latinos, young families, and a growing gay and lesbian community. Hyde and Jackson Squares have signifi cant Span- 2 1.51,258 ish-speaking populations. This blend of cultures is refl ected in Bedroom Bathroom Square Foot local businesses, such as the many different restaurants which line Centre Street, one of its main thoroughfares. Residents and visitors enjoy walking, biking, and running along Jamaica Pond Condo Market (Average) Rental Market (Average) situated on the Jamaicaway, part of Boston’s Emerald Neck- lace. Sold for: Rented for: Fast Facts: $241K $1,175 • Average Sale Price per SF in 2016 has been $452 ($430 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 23.1% • Ranks 8th Most Affordable Neighborhood in Boston (Condo Price/SF) Days on the Market: Days on the Market:

Price per Square Feet Over Time 43 38 $/SF days days

Sold at an Average of: 96.9 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate MIDTOWN Midtown is a live and work neighborhood located in the heart Typical Unit Sold in this Neighborhood of Boston’s Downtown. Bordered by and the Financial District, some of it’s most renowned places include pedestrian mall and shops. Midtown has witnessed a surge of reinvestment and its proximity to the 2 2 1,399 common makes it one of Boston’s most attractive neighbor- Bedroom Bathroom Square Foot hood and upcoming areas in the near future.

Condo Market (Average) Rental Market (Average) Fast Facts: Sold for: Rented for: • Average Sale Price per SF in 2016 has been $1,090 ($1049 in 2015) • Total Sale Price per SF increase since 2009 was 54.9% $829K $2,899 • Midtown is the Most Expensive Neighborhood in Boston per Bedroom per Bedroom (Condo Price/SF)

Days on the Market: Days on the Market:

Price per Square Feet Over Time 91 38 $/SF days days

Sold at an Average of: 103.1% of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate NORTH END The North End is one of Boston’s most historic neighborhoods. Typical Unit Sold in this Neighborhood Traditionally a fi rst stop for immigrants arriving in Boston, the North End is most well known as an enclave of Italian immi- grants. Today the North End is populated by a mixture of Italian Americans and young professionals who are attracted to the 2 1794 neighborhood’s tight-knit feel and access to downtown. Tour- Bedroom Bathroom Square Foot ists come from near and far to sample authentic Italian cuisine, enjoy a cannoli or a cappuccino, and explore its narrow streets. Condo Market (Average) Rental Market (Average) In recent years, a number of boutiques have opened in the North End specializing in everything from trendy clothing to jewelry. Sold for: Rented for: Fast Facts: $432K $2,222 per Bedroom • Average Sale Price per SF in 2016 has been $783. ($733 in per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 29.6% • Ranks 9th Most Expensive Neighborhood in Boston (Price/ Days on the Market: Days on the Market:

Price per Square Feet Over Time 42 35 $/SF days days

Sold at an Average of: 99.5 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate Once considered a “garden suburb” of Boston, today’s resi- Typical Unit Sold in this Neighborhood dents of Roslindale are still attracted to the neighborhood’s natural beauty. Locals walk and bike in the Arnold Arboretum, a 265-acre oasis that is part of Frederick Law Olmsted’s Emer- ald Necklace. Many of the neighborhoods’ large colonial homes 2 1.5 1,231 are being converted into condos to accommodate the infl ux Bedroom Bathroom Square Foot of young professionals and families. Roslindale Village is the city’s original Main Street district and now one of the city’s most vibrant, featuring several bistros, unique shops, and wireless Condo Market (Average) Rental Market (Average) Internet access. The MBTA Orange Line and Commuter Rail provide commuters with easy access to downtown. Sold for: Rented for: Fast Facts: $152K $1,181 per Bedroom per Bedroom • Average Sale Price per SF in 2015 was $308 ($289 in 2014) • Total Sale Price per SF increase since 2009 was 38.2% • 2nd Most Affordable Neighborhood in Boston (Price/BR) Days on the Market: Days on the Market:

Price per Square Feet Over Time 56 42 $/SF days days

Sold at an Average of: 100.9 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate ROXBURY Once a farming community, Roxbury is home to the histor- Typical Unit Sold in this Neighborhood ic Shirley Eustis House, the only remaining country house in America built by a British Royal Colonial Governor. Today this neighborhood, which serves as the heart of Black , is undergoing a renaissance. Hundreds of new busi- 2 2 1,341 ness and housing initiatives have revitalized the neighborhood’s Bedroom Bathroom Square Foot Dudley Square, Crosstown, and Grove Hall areas. The dramatic transformation of Blue Hill Avenue from a street lined with va- cant lots to a dynamic business district is one of former Mayor Condo Market (Average) Rental Market (Average) Menino’s proudest achievements. The Roxbury Center for the Arts, Culture, and Trade, which opened in 2005, celebrates the Sold for: Rented for: cultural richness of the community through the visual and per- formance arts Fast Facts: $169K $958 per Bedroom per Bedroom • Average Sale Price per SF in 2016 has been $313 ($319 in 2015) • Total Sale Price per SF increase since 2009 was 130.2% Days on the Market: Days on the Market: • Roxbury has had the highest year over year condo price ap- preciation Price per Square Feet Over Time 64 54 $/SF days days

Sold at an Average of: 100.3 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate SEAPORT DIST. Located on Boston Harbor, the Seaport District is the City’s fi - Typical Unit Sold in this Neighborhood nal frontier of development, as each parcel transforms from a waterfront parking lot or aging offi ce space to a brand new de- velopment. The Seaport District (formerly an industrial outland of ) is a location in its own right and anticipates 2 21,644 much development to come in future years. The infrastructure Bedroom Bathroom Square Foot of new roads, connectors to the Ted Williams Tunnel, I-90 E/W, and I-93 N/S, and two large government projects – the recently built Federal Courthouse and brand-new Boston Convention & Condo Market (Average) Rental Market (Average) Exhibition Center -- have paved the way for several new hotels and restaurants. Sold for: Rented for: Fast Facts: $1.1M $2,897 • Average Sale Price per SF in 2016 has been $1,176 ($689 per Bedroom per Bedroom in 2015) • Total Sale Price per SF increase since 2009 was 32.0% • Ranks 4th Most Expensive Neighborhood in Boston (Price/ Days on the Market: Days on the Market: BR)

Price per Square Feet Over Time 38 37 $/SF days days

Sold at an Average of: 100.3% of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate SOUTH BOSTON Once a predominantly Irish Catholic community, in recent years Typical Unit Sold in this Neighborhood South Boston has become increasingly desirable among young professionals and families who are attracted to the neighbor- hood’s strong sense of community and quick access to down- town and public transportation. People from all over the city 2 1.5 1,116 enjoy taking a stroll around Castle Island, a Revolutionary War- Bedroom Bathroom Square Foot era fort and 22-acre park that is connected to the mainland. “Southie Pride” is on full display in March when city residents fl ock to the neighborhood to enjoy the annual South Boston St. Condo Market (Average) Rental Market (Average) Patrick’s Day Parade. Sold for: Rented for: Fast Facts:

• Average Sale Price per SF in 2016 has been $587 ($554 in $337K $1,534 2015) per Bedroom per Bedroom • Total Sale Price per SF increase since 2009 was 37.6% • South Boston represents the median sale price/BR among all neighborhoods in Boston. Days on the Market: Days on the Market:

Price per Square Feet Over Time 50 30 $/SF days days

Sold at an Average of: 99.1 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate SOUTH END Located just minutes from downtown and the Back Bay, in re- Typical Unit Sold in this Neighborhood cent years the South End has become one of Boston’s most popular neighborhoods. It has attracted a diverse blend of young professionals, families and a vibrant gay and lesbian population to this Boston Landmark District. You will be sure to 2 1.51,148 notice the South End’s renowned Victorian brownstone build- Bedroom Bathroom Square Foot ings and homes as you walk along Tremont Street, Columbus Avenue and Avenue. Small business owners also enjoy the amenities of the South End and are supported by Condo Market (Average) Rental Market (Average) the national award winning Washington Gateway Main Streets Program. Some of Boston’s fi nest restaurants, a thriving arts Sold for: Rented for: community and nearly 30 parks also call the South End home. Fast Facts: $551K $2,122 • Average Sale Price per SF in 2016 has been $885 ($860 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 28.1% • Ranks 6th Most Expensive Neighborhood in Boston (Condo Days on the Market: Days on the Market: Price/BR)

Price per Square Feet Over Time 37 30 $/SF days days

Sold at an Average of: 97.9 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate WEST END The West End, considerably impacted by Urban Renewal of the Typical Unit Sold in this Neighborhood 1950’s and 60’s, is a small but signifi cant community tucked behind Beacon Hill. Drivers on Storrow Drive recognize the West End from the famed signs outside the West End Condo- miniums and Apartments that read “If You Lived Here...You’d 1 1 957 Be Home Now.” Historically an ethnically diverse and vibrant Bedroom Bathroom Square Foot neighborhood, the West End today is economically anchored by Massachusetts General Hospital. Condo Market (Average) Rental Market (Average)

Sold for: Rented for: Fast Facts: $449K $2,277 per Bedroom per Bedroom • Average Sale Price per SF in 2016 has been $614 ($574 in 2015) • Total Sale Price per SF increase since 2009 was 35.3% • Ranks 7th Most Expensive Neighborhood in Boston (Condo Days on the Market: Days on the Market: Price/BR) Price per Square Feet Over Time 33 41 $/SF days days

Sold at an Average of: 97.8 % of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate West Roxbury, located in Boston’s southwest corner, was origi- Typical Unit Sold in this Neighborhood nally part of the town of Roxbury and home to a 19th century experimental, utopian community frequented by such notable writers as Ralph Waldo Emerson, Nathaniel Hawthorne and Henry David Thoreau. Today, West Roxbury is known for its 2 1.5 1110 civic activism and youth programming. Its tree lined streets and Bedroom Bathroom Square Foot mostly single-family homes give this city neighborhood a sub- urban feel. Centre Street anchors the neighborhood’s business district, which consists of restaurants, banks, and shops. Resi- Condo Market (Average) Rental Market (Average) dents fl ock to Millennium Park, a former landfi ll that has been converted into 100 acres of trails, ball fi elds, and picnic areas. Sold for: Rented for: Fast Facts: $175K $991 • Average Sale Price per SF has been $331 in 2016 ($293 in per Bedroom per Bedroom 2015) • Total Sale Price per SF increase since 2009 was 20.6% • Ranks 3rd Most Affordable Neighborhood in Boston (Condo Price/BR) Days on the Market: Days on the Market:

Price per Square Feet Over Time 53 34 $/SF days days

Sold at an Average of: 100.1% of the List Price

2014 Data from MLS 2014 Data from MLS

www.charlesgaterealty.com @Charlesgate