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Neighborhoods 2015.Indd BOSTON RESIDENTIAL MARKET 2016 Neighborhood Breakdown ALLSTON 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 Boston. 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. Newbury Street, 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 Trinity Church and the Boston Public Library. 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 10201.5 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 Bunker Hill Monument and the Navy Yard, Charlestown’s 2 1,1242 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 Fields Corner, the heart of the Vietnamese community in Boston. Dorchester Av- 2 1,1861.5 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 EAST BOSTON 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 Fenway Park and the Typical Unit Sold in this Neighborhood Boston Red Sox, 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.
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