Growth has been the story of the downtown Boston real estate market almost since the growth of hi-tech
Overall downtown Boston is growing, less affordable — it’s true. The average cost of a square foot of home in almost all on downtown Boston is north of $1,000 per sq ft., a fact that has driven many to the surrounding suburbs.
Within the downtown Boston real estate market itself, of course, there is great variability. Affordability varies from neighborhood to neighborhood.
Are you ready to invest in the downtown Boston real estate market?
Looking for a quiet neighborhood with views of both the Boston Common or Charles River? Look no further than Beacon Hill real estate.
Avg price per sq ft: $1,229.00
Avg sales price: $1,719,016
Convenient commutes to anywhere in downtown Boston, proximity to the airport and great investment opportunities make the Boston Seaport District a hot neighborhood right now. Homeowners here enjoy the quiet parks and water view walk-ways as well as shopping and dining in within the heart of the Boston Seaport District
Avg price per sq ft: $1,714.00
Avg sales price: $2,716,377
A historic part of Boston with classic brownstone buildings, Back Bay still bears the large trees and greenery up Commonwealth avenue, charismatic streets and cohesive feel of a planned community. Back Bay is also more expensive than most of downtown Boston real estate.
Avg price per sq ft: $1,250.00
Avg sales price: $1,783,250
The “best of both worlds” for the downtown Boston real estate home buyer seeking a neighborhood with great parks and restaurants as well as convenient commuting. Boston Midtown, is also one of Boston/s most diverse neighborhoods.
Avg price per sq ft: $1,774,302
Avg sales price: $1,186.00
Attention, investors: Despite showing one of the biggest home value gains of all the downtown Boston real estate over the past year, Boston’s North End still has one of the lowest price per sq ft (under $1,000.00 per sq ft) for downtown Boston real estate.
Avg price per sq ft: $703,546
Avg sales price: $915.00