Greater Boston Market Trends I Spring 2024

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Greater Boston Market Trends

Spring 2024

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46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194 Recently Sold by Engel & Völkers 21 Hancock St, Unit 3 I $700,0000 330 Beacon St, Unit 115 I $2,238,000 386 Riverway, Unit 6 I $645,000 42 Beach St, Unit 9C I $619,000 42 Rutland Sq, Unit 3 I $1,800,000 147 Prospect St, Unit 1 I $2,350,000 2
180 Beacon St, Unit 1A I $1,070,000 20 Pearl St I $2,100,000 556 E 5th St, Unit 1 I $735,000 33 Glenwood Rd, Unit 1 I $966,000 580 Washington St, Unit 8F I $920,000 45 Province St, Unit 2103 I $1,620,000 3

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At Engel & Völkers Boston, we embrace our city’s simple ethos — work hard, play hard, treat clients like family. Our advisors work each transaction with the same care and diligence as if they were purchasing or selling themselves.

We’re not just the most successful in the area, we reflect the Engel & Völkers’ culture of teamwork, passion, and expertise. With state-ofthe-art real estate tools and technology, global luxury brand recognition and unrivaled market and marketing dexterity, we deliver concierge class service during your purchase or sale process and beyond.

Call on us for your next transaction. Our bold strategies and individual counsel are crafted to impart the information you’ll need to make informed decisions in an increasingly complex real estate marketplace.

46 Gloucester Street
617-936-4194
• Boston, MA • 02115 boston.evrealestate.com
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Recently Sold by E&V Introduction Spring Property Spotlight
Marketing Suite Back Bay Beacon Hill Brookline Cambridge Charlestown Jamaica Plain Medford Midtown Newton North End Seaport Somerville South End South Boston Waterfront West End Marketing with Power Engel & Völkers EDGE Shop and Dine Local Engel & Völkers Cares Meridian Realty Group 2-3 4 6-7 8-9 10-11 12 13 14-15 16-17 18 19 20-21 22 24-25 26-27 28-29 30-31 32-33 34 35 36 37 38 39 40-41 5 Table of Contents ©2023 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Information about any property described was provided solely by seller(s) without verification by the broker(s) therefore broker(s) is/are not responsible for the accuracy of the information contained herein. Buyer should take any and all steps necessary to verify said information. Offerings are subject to prior sale, price change or withdrawal without notice. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act. An Equal Opportunity Employer. Equal Housing Opportunity. boston.evrealestate.com
Virtual

Spring Property Spotlight

9 Medford St, Unit 407 I Somerville

Metro 9 I 1 Bedroom I 1 Bathroom I 697 sq ft

6 Whittier Place, Unit 8P I West End

Welcome to Metro 9, where urban living meets industrial chic on the Somerville/Cambridge Line. This spectacular loft is tailor-made for those who appreciate modern comfort and edgy design. This end-unit is sure to impress, boasting high ceilings and oversized windows. The open-style kitchen/living makes it ideal for everyday living and entertaining: the convenience of central AC, in-unit laundry, and 1-car parking. Amenities include on-site property mgmt, exercise room, a coffee bar, an art gallery, and a dog grooming area. When it’s time to unwind, head up to the 360-degree rooftop deck for unbelievable panoramic views of Boston and beyond.

Whittier Place I Studio I 1 Bathroom I 542 sq ft

Welcome to your urban oasis perched high above Storrow Drive. This studio condo offers a luxurious retreat with views of the Charles River, where evenings reveal stunning sunsets. Convenience meets comfort near MGH and premier medical institutions, blending work and leisure seamlessly. Enjoy garage parking for easy access, and a 24-hr concierge for peace of mind. Inside, a smartly designed space maximizes comfort and style with a wall of windows flooding the room with light. Step outside onto your private balcony and let the soothing views of the river and skyline transport you to a state of relaxation. Nearby, Beacon Hill’s charm awaits, along with Whole Foods for gourmet delights.

621 E 1st St, Unit B6 I South Boston

2 Garage Parking Spaces I 3 Bedrooms I 2 Bathrooms I 1,870 sq ft

Welcome to the “Edison on First” created in 2017 by one of S. Boston’s most reputable developers. Residence B6 is one of a kind unit offering an expansive kitchen & living room open floor plan ideal for entertaining, including an attached private deck (7x22) gas lined for grilling. The chef’s kitchen features brilliant white quartz countertops & island, commercial grade Wolf/ Sub Zero appliances, beautifully detailed coffered ceilings, European styled cabinetry plus wet bar. The primary bedroom includes a large walk-in closet and ensuite bath with dual vanity, steam shower and a soaking tub. Deeded private roof deck space overlooking the Boston skyline.

46 Gloucester
boston.evrealestate.com 617-936-4194
Street • Boston, MA • 02115
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Spring Property Spotlight

40 Traveler St, Unit 412 I South End

Siena I 1 Bedroom I 1 Bathroom I 618 sq ft

285 Columbus Ave, Unit 207 I South End

Explore your urban sanctuary, seamlessly integrated into the heart of Boston. This exquisite residence boasts contemporary luxury living in a newer construction (2018) building full of amenities to make living easy. The gourmet kitchen features top-ofthe-line stainless steel appliances, a quartz waterfall countertop, and custom cabinetry. An efficient layout topped off with private outdoor space makes this move-in ready condo an easy choice! Residents of this boutique building enjoy access to a 24/7 concierge service, a fully-equipped gym, and feel free to host a party on the rooftop deck outfitted with a grill, a TV, and sweeping views across the city.

Columbus Lofts I 2 Bedrooms I 2 Bathrooms I 1,240 sq ft

Incredible light and wonderful streetscape views from the many windows in this lovely unit. Situated perfectly for contemporary living where historic Back Bay meets the vibrant South End. Large living spaces are bathed in light and perfect for lounging and entertaining with recessed lighting and oversized windows throughout. A stone-topped island provides seating for dining and chatting with the cook! Great chef’s kitchen with sleek dark wood cabinetry and stone countertops complemented by premium stainless appliances. Natural light suffuses two generous bedrooms - two baths and laundry complete the unit interior. Upstairs offers a common roofdeck with lots of seating and panoramic views of the skyline.

130 Mount Auburn St, Unit 507 I Cambridge

Harvard Square I 3 Bedrooms I 3 Bathrooms I 1,720 sq ft

Rarely are homes offered for sale at the full service Luxury University Green! Discover this flexible 3-bed, 3-bath, 3 patio, 1720 sq ft trophy penthouse duplex condo at the edge of Harvard Square. Occupying the top two floors with elevators at both levels. Open Living area with den has a patio and fireplace. Meticulously upgraded throughout with open living space enhanced by the soaring barrel-vaulted ceiling and an attic easement offering additional space. This fine residence enjoys rich mahogany stained oak hardwood floors & crown molding on the 5th floor. The generous main bedroom offers ensuite bath & a private patio. 1 Garage parking space.

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46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194 Engel & Völkers Virtual Marketing Suite 8
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Back Bay Neighborhood Market Trends

Back Bay Neighborhood Statistics

BackBay’srichhistory,trendyrestaurants, and nightlife create a vibrant atmosphere everyone wants to be part of. Our own office is located in the heart of Back Bay and we can attest to the majestic bustle! The number of condos sold decreased 13% this quarter. Average sales price decreasedby17%thisquarter.Thecurrent average list price for a condo in Back Bay is $4,269,635 with 141 condos on the market.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 46 78 $3,488,054 96% Q1 2024 40 86 $2,896,937 97%
Data per MLSPIN Average price per square foot (Q1) Back Bay condos 2021 $1,242 2022 $1,426 2023 $1,557 2024 $1,578 10
Back Bay Featured Listings 280 Beacon St, #65 I $1,890,000 492 Beacon St, #STH I $1,975,000 411 Marlborough St, #9 I $1,100,000 1 Huntington Ave, #408 I $1,998,000 295 Beacon St, #2 I $1,795,000 300 Boylston St, #907 I $2,450,000 11

Beacon Hill Neighborhood Market Trends

Beacon Hill Neighborhood Statistics

Brick row houses with beautiful doors and gaslit cobblestone sidewalks lined with window boxes all add to the charm and mystiquethatcanonlybefoundinBeacon Hill. The number of condos sold dropped 37% year-over-year in the first quarter. Average sale price increased slightly. Days on market has decreased pointing to a more balanced market and we predict more inventory to come on the market in the coming weeks. The current average list price for a condo in Beacon Hill is $2,978,946withonly39unitscurrentlyon themarket.

Gloucester Street • Boston, MA • 02115 boston.evrealestate.com

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617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 19 108 $1,236,281 98% Q1 2024 12 62 $1,236,875 99%
Average price per square foot (Q1) Beacon Hill condos Data per MLSPIN 2021 $1,211 2022 $1,138 2023 $1,176 2024 $1,220 12

Brookline Neighborhood Statistics

Brookline offers a rare mix of urban living in an attractive suburban atmosphere. Its variety of restaurants, shopping and iconic cultural institutions backdropped against an acclaimed public school system make it singularlyappealing.Thenumberofcondos sold decreased year-over-year for the first quarter. The average sales price increased 16% and days on market decreased showing a well paced market. The current averagelistpriceforacondoinBrooklineis $1,563,210with87activelistings.Thesingle familymarket isseeingmoreinventorywith 45homesforsaleatanaveragelistpriceof $4,561,911.

Brookline Neighborhood
Trends
Market
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 63 59 $1,036,814 98% Q1 2024 57 52 $1,204,909 98%
per MLSPIN Average price per square foot (Q1) Brookline condos 2021 $713 2022 $773 2023 $751 2024 $785 13
Data

Cambridge Neighborhood Market Trends

Neighborhood Statistics

Cambridge is located directly across the Charles River from Boston. It’s home to world-famous universities, highly-rated publicschoolsandanimmensecivicpride in its vibrant cultural scene. The number of condos sold decreased slightly yearover-year in the first quarter. The average sales price decreased 12%. Our listings in Cambridge are not lasting long! With students and professionals alike heading back to the Cambridge market, we are sure to see a strong start to the year in yourneighborhood.

Gloucester Street • Boston, MA • 02115

boston.evrealestate.com

46
617-936-4194
Cambridge condos Average price per square foot (Q1) Data per MLSPIN 2021 $837 2022 $914 2023 $930 2024 $899
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 84 55 $1,233,996 99% Q1 2024 81 53 $1,083,412 101% 14
Cambridge

Cambridge I Just Listed 130

Mount Auburn St, Unit 507

Rarely are homes offered for sale at the full service Luxury University Green, only 4 sales in the past 4 years! Discover this flexible 3-bed, 3-bath, 3 patio, 1720 sq ft, trophy penthouse duplex condo at the edge of Harvard Square. Occupying the top two floors w elevators at both levels. Open Living area with den has a patio & a fireplace. Meticulously upgraded throughout w open living space enhanced by the soaring barrel-vaulted ceiling an attic easement offering additional space. This fine residence enjoys rich mahogany stained oak hwd floors & crown molding on the 5th flr & a blend of carpeting / hdwd on the 4th. The recently updated open kitchen has high-quality imported tiles & cabinetry, Fisher Paykel refrigerator & the finest Wolfe induction range. The generous main bdrm offers ensuite bath & a private patio. Close to the Red Line, MIT, MGH, & downtown Boston. Residents enjoy a spacious reception room, an expansive outdoor patio area & formal gardens.1 garage space & 24/7 concierge

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Charlestown

Neighborhood Market Trends

Charlestown Neighborhood Statistics

Charlestownissteepedinhistorywithbrick townhousesinawaterfrontneighborhood that is home to the Bunker Hill Monument, the Navy Yard and endless stories of its colorful past. This quarter, the number of condos sold dipped 21%. and the average days on market dropped. The average sale price increased 8%. Over the past four years the “price per square foot” has remained very steady. We recently listed and sold a fabulous single family in your neighborhood for top price- call for more information!

46 Gloucester Street • Boston, MA • 02115
617-936-4194
boston.evrealestate.com
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q2 2020 58 31 $831,234 100% Q2 2021 145 79 $853,720 101% Charlestown condos Data per MLSPIN 2021 $726 2019 $726 2021 $765
99% 23 99%
Average price per square foot (Q1) $765 2023 $774 $852 16

Jamaica Plain Neighborhood Market Trends

Plain Neighborhood Statistics

Jamaica Plain is a beloved neighborhood intensely proud of its diverse population and politics with serene green spaces aroundJamaicaPondandthroughoutthe vast Arnold Arboretum and Franklin Park. The number of condos sold remained steadyyear-over-yearforthefirstquarter. Days on market decreased, yet average sales price drastically increased by 30%. However, prices still continue to go over the list price. Over the past four years the “pricepersquarefoot”hasremainedvery steadywithaslightbumpmostrecently.

boston.evrealestate.com

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Gloucester Street • Boston, MA • 02115
617-936-4194
Average price per square foot (Q1) Jamaica Plain condos 2021 $571 2022 $577 2024 $640 2023 $573 Jamaica
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 44 52 $645,922 99% Q1 2024 39 34 $837,408 101% 18
Data per MLSPIN

Medford Neighborhood Statistics

Medford is one of Boston’s best kept secrets. It’s just minutes from downtown Boston, filled with fabulous restaurants, shopsandbars, pluseasyaccesstopublic transportation - who knew?! The number of condos sold increased 53% and days on market decreased in the first quarter showing the market is ramping up here again. Selling prices are still going over their list price and the average sales price increased 21%, the market is certainly showing signs of a very strong quarter ahead.Overthepastfouryearsthe “price persquarefoot”hasremainedsteady.

Medford Neighborhood
Market Trends
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 47 62 $665,013 99% Q1 2024 72 34 $804,151 100%
condos Average price per square foot (Q1) Data per MLSPIN 2021 $447 2022 $530 2023 $490 2024 $581 19
Medford

Midtown Neighborhood Market Trends

Midtown Neighborhood Statistics

Boston’s Midtown is centrally located near Boston Common and driven in part by the many full-service buildings. The average sales price jumped a staggering 28% with an average list price currently at $3,213,981 and 83 units on the market for sale, 29 of which are at Winthrop Center. Numberoflistingssoldanddaysonmarket both increased. The full service market in the Midtown neighborhood is certainly comingback.It’snewestdevelopment,The ResidencesatWinthropCenterisopenand trulyastunningmasterpiece.Itisamustsee property!

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 11 125 $2,176,818 96% Q1 2024 14 143 $2,781,071 97%
Midtown condos Average price per square foot (Q1) Data per MLSPIN 2021 $1,023 2022 $1,315 2023 $1,301 2024 $1,561 20

1 Franklin St, Unit 2412

Experience unparalleled sophistication and exclusivity in this stunning 2-bedroom plus den, 2-bathroom condo perched on the 24th floor of Boston’s prestigious Millennium Tower. Boasting designer finishes with a meticulous kitchen including Poggenpohl cabinetry, Sub-Zero refrigerator, Thermador appliances, and oak floors. Embrace breathtaking south-facing views of Back Bay, the Boston Commons, and Charles River through floor-to-ceiling windows that bathe the interior with natural light. Entertain in style in the open concept kitchen, dining, and living area. As a resident of Millennium Tower, indulge in a wealth of amenities including a state-of-the-art fitness center, spa, 75-foot lap pool, and exclusive access to the Resident Club Lounge complete with private dining and bar, screening room, billiard parlor, library, multi-sport simulator room, outdoor terrace, and more. Enjoy the convenience of 24-hour concierge service and valet parking.

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Featured Listing
Midtown I

Newton Neighborhood Market Trends

Newton Neighborhood Statistics

Newton is located just seven miles West of downtown Boston and built around 13 distinct village centers - each with its own character. It’s also home to one of our shops at 77 Union St. in Newton Centrestopbyandvisitusanytime!Afteraslight diplastquarter,thenumberofsinglefamily homes sold increased by 12% year-overyear for the first quarter. In addition, the average sales price of a home increased 32% showing signs of a strong quarter ahead. Ifyouhaveeverconsideredselling yourhomeinNewton,nowisthetime!

46 Gloucester Street •
617-936-4194
Boston, MA
02115 boston.evrealestate.com
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 58 43 $1,882,522 100% Q1 2024 65 61 $2,482,849 99%
Average price per square foot (Q1) Newton Single Family 2021 $492 2022 $551 2024 $587 2023 $567 22
Data per MLSPIN

Property Feature

7 Eagles Nest Lane I Boxford

Incredible Post & Beam historical home on a picturesque and rare Boxford cul-de-sac. Gorgeous 2-acre level lot with stone walls and planting beds is surrounded by expansive newly constructed homes. Gracious fire placed living and formal dining are both highlighted by warm wood flooring, exposed beams and oversized windows allowing for sun splashed living and entertaining spilling onto big rear patio overlooking the lawns. Big eat-in kitchen with breakfast nook and first floor laundry room. Enjoy plenty of cabinet storage with stone-topped workspaces and stainless steel appliances adjacent to sky lit great room with wood burning stove and sliders to deck. Upper floors feature a big primary bedroom with 2 walk-in closets and en-suite bath and three more bedrooms and bath over two floors with great attic storage. Excellent neighborhood with large lots in the coveted Masconomet School District with easy commuter options. Truly a singular offering!

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North End Neighborhood Market Trends

North End Neighborhood Statistics

The North End is one of Boston’s most historic neighborhoods, famous for its iconic streets and historic figures, architecture and amazing culture and restaurants. Finally we are seeing some inventory in the North End with number of listings sold nearly doubling yearover-year. Average sales price has also jumped19%comparedtolastyear.We’re excited to announce our fourth Engel & Völkers location at 345 Hanover Street is flourishing- stop by anytime! We are sure tohavesomegreatcoffeeandpastrieson hand at all times.

46 Gloucester Street •
boston.evrealestate.com 617-936-4194
Boston, MA
02115
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 11 42 $738,804 98% Q1 2024 21 56 $877,690 99%
North End condos Average price per square foot (Q1) Data per MLSPIN 2021 $813 2022 $778 2023 $880 2024 $985 24

Property Feature I Under Agreement

43 Sheafe St I North End

Rare North End Investment Opportunity. Great opportunity for conversion or quick refresh to maximize rents. Corner building with lots of windows and has been thoughtfully maintained. Top floor currently owner’s child occupied as tenant and all units are on lease for next several months. 4 units, 4 floors approximately 3900 sf, 2 Bed, bonus room and 1 bath per floor. Expansion possibilities for roof deck and large basement with high ceilings for possible additional unit. Each unit has lots of windows and great views of the park, dog park and West End and North Station skyline from the upper floors. Sheafe is a quiet side street in the very heart of the North End where great food, nightlife, history and easy commuter options reign. All units are occupied please allow 24 hours for all showing requests.

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Seaport District Neighborhood Market Trends

Seaport District Neighborhood Statistics

The Seaport District is Boston’s newest neighborhood with an influx of vibrant luxury buildings. The number of condos sold increased with the average sale price dropping off in the first quarter! Many units in these luxury buildings are selling, continuing to drive both activity and pricing in the neighborhood up. The St. Regis has officially joined the neighborhood and is certainly a wonderful addition to have! Looking forward to seeing what project comes to the area next.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 13 49 $3,057,154 99% Q1 2024 17 107 $2,299,765 97%
Data per MLSPIN 2 Average price per square foot (Q1) Seaport condos 2021 $1,547 2022 $1,498 2022 $1,980 2024 $1,696 26

Property Feature I Under Agreement

326 A St I Seaport District

Rarely available, this 2400 square foot brick and beam loft located in the Seaport area presents a unique opportunity for customization. The loft features a distinctive architectural style with exposed brick walls and wooden beams, creating a charming and industrial atmosphere. The open layout allows for flexible design options, giving the future owner the freedom to personalize the space according to their preferences. The Seaport district is known for its vibrant atmosphere, with proximity to waterfront views, trendy restaurants, and cultural attractions. This loft offers a blend of historic charm and modern amenities, making it an appealing option for those looking for a unique and customizable living space in a sought-after location. One deeded parking space and storage round out this spectacular find.

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Somerville Neighborhood Market Trends

Somerville Neighborhood Statistics

Somerville offers its proud residents an urban/suburban feel with proximity to downtown Boston and many bars, restaurants, coffee shops and parks. The numberofcondossolddropped17%yearover-year in the first quarter. Days on market and the average sale price both increased. Somerville continues to be a highly sought after neighborhood. Over the past four years the “price per square foot”hasremainedsteady.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 66 82 $924,258 99% Q1 2024 55 89 $1,014,480 99%
condos Average price per square foot (Q1) Data per MLSPIN 2021 $642 2022 $691 2023 $637 2024 $701 28
Somerville

Somerville I

33 Glenwood Rd, Unit 1

33 Glenwood Street unit 1 is a perfect home for commuters not wanting to be far from downtown. Only a few blocks from Magoun Square, which loaded with restaurants and shops, plus a 3-minute walk to the Maxwells Green MBTA (Green Line). This beautiful two-bedroom condo features an open floor plan ideal for entertaining and daily family life. The chef’s kitchen has Viking appliances, waterfall quartz countertops, a large island and oversized pantry. The living area offers a spacious living & dining area with hardwood floors throughout, custom window treatments, floor to ceiling stone wall fireplace and built-in speakers. An oversized primary suite awaits you with his & hers walk in closets, large windows, blackout shades and built in speakers. The primary bath is beautifully designed with a walk-in shower, double vanity, and a large stand-alone tub to relax in after long day.

SOLD
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South End Neighborhood Market Trends

South End Neighborhood Statistics

The South End is one of the most beloved andpopularneighborhoodsintheCity. Its iconic brick rowhouses were the first in thenation;addarichsocial,shoppingand dining scene and it’s no wonder there are so many “lifers!” The number of condos sold year-over-year for the first quarter decreased 20%. The average sales price did increase 10%. The ratio of sale to list price(thisistheamountbuyerscanexpect to pay) stayed steady. There are currently only 127 condos on the market with an averagelistpriceof$1,614,821.

46 Gloucester Street •
617-936-4194
Boston, MA
02115 boston.evrealestate.com
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 65 65 $1,364,342 99% Q1 2024 52 64 $1,505,139 100%
Average price per square foot (Q1) South End condos 2021 $1,008 2022 $1,091 2023 $1,157 2024 $1,105 30
Data per MLSPIN

South End I Featured Listing

285 Columbus Ave, Unit 207

Incredible light and wonderful streetscape views from the many windows in this lovely unit. Situated perfectly for contemporary living where historic Back Bay meets the vibrant South End. Large living spaces are bathed in light and perfect for lounging and entertaining with recessed lighting and oversized windows throughout. A stone-topped island provides seating for dining and chatting with the cook! Great chef’s kitchen with sleek dark wood cabinetry and stone countertops complemented by premium stainless appliances. Natural light suffuses two generous bedrooms - two baths and laundry complete the unit interior. Upstairs offers a common roofdeck with lots of seating and panoramic views of the skyline. You’ll enjoy living in proximity to Copley Square and all the dining, boutique shopping and recreation that make Back Bay and Southenders for life! Boston’s famed public library and cultural hubs are at your doorstep with easy commutes along bike paths, highway and Logan Airport access.

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South Boston Neighborhood Market Trends

South Boston Neighborhood Statistics

South Boston is a neighborhood on the move,hometomanyyoungprofessionals and families drawn to the vibrant community and convenient location. The number of condos sold decreased year-over-year for the first quarter. The average sale price increased 7% pointing to a strong market ahead. Buyers are out looking, so if you have ever considered selling in South Boston, now might be an idealtimetolistyourproperty!Comevisit us at our South Boston location anytime493EastBroadway!

Gloucester Street • Boston, MA • 02115

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boston.evrealestate.com 617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 66 62 $875,073 98% Q1 2024 56 64 $932,973 98%
Data per MLSPIN Average price per square foot (Q1) South Boston condos 2021 $715 2022 $749 2024 $791 2023 $750 32

South Boston I SOLD 621 E Broadway, Unit B6

Welcome to the “Edison on First” created in 2017 by one of South Boston’s most reputable developers. Residence B6 is one of a kind unit offering an expansive kitchen & living room open floor plan ideal for entertaining, including an attached private deck (7x22) gas lined for grilling. The chef’s kitchen features brilliant white quartz countertops & island, commercial grade Wolf/Sub Zero appliances, beautifully detailed coffered ceilings, European styled cabinetry plus wet bar. The primary bedroom includes a large walk-in closet enhanced with LED recessed lighting and en-suite bath with dual vanity, steam shower and a generously sized soaking tub. Both baths include tiled floors & showers, quartz countertops and chrome accents. The 2nd bedroom is large in size with plenty of closet space. The 3rd room works perfectly as a flex space for an office/guest room. Deeded private roof deck space overlooking the downtown Boston skyline. 2 deeded garage parking. Next to the L Street Development

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Boston’s Waterfront Neighborhood Market Trends

Waterfront Neighborhood Statistics

Boston’s Waterfront, beyond it’s salty air and glorious views, has a rich history as well. It’s home to many full service buildings, the Harborwalk, and New England Aquarium. The number of condos sold remained steady for the first quarter. The average sale price jumped drastically this quarter and increased 35% year-over-year. The average price per square foot has remained consistent. With 18 units currently under agreement in the Waterfront and 46 for sale, the marketisinfullswing.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 14 71 $1,818,786 97% Q1 2024 11 108 $2,454,309 96%
Waterfront condos Average price per square foot (Q1) Data per MLSPIN 2021 $948 2022 $1,010 2023 $1,324 2024 $1,263 34

West End Neighborhood Market Trends

West End Neighborhood Statistics

The West End, with its glorious Charles River views and iconic Zakim Bridge, sits adjacent to the famed Beacon Hill and has many luxury high-rises. It’s also conveniently located near Mass General Hospital, TD Garden (home of the World Champion Boston Celtics and Bruins) and the Museum of Science. The number of listings sold stayed the same and days on market decreased. Interest remains highinthisneighborhood,ifyouhaveever considered selling, now is the time! There arecurrentlyonly10condosonthemarket withanaveragelistpriceof $634,180and 11currentlyunderagreement.

Listings Sold Days on Market Average Sale Price Sale to List Price Ratio Q1 2023 9 110 $600,544 97% Q1 2024 9 78 $550,389 98%
Average price per square foot (Q1) Data per MLSPIN 2021 $627 2022 $609 2023 $637 2024 $616 35
West End condos
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194 36
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Support our Local Restaurants and Businesses

Parla

230 Hanover St, Boston 02113

An Italian kitchen steeped in Mediterranean roots, with a modern edge. Parla is a carefully constructed union of old and new. From the speakeasy inspired décor to the 200 year old reclaimed Kentucky barn wood that adorns the walls, Parla provides an ambiance that is equally rustic and elegant. The menu is a curious and whimsical departure from traditional Italian-American fare. Chef Ernesto crafts inventive dishes using unique ingredients with familiar flavors.

Cedar Grove Gardens

36 Milton St, Dorchester 02124

Opened in 1980, their intention was to provide the neighborhood with bedding plants and perennials. Fresh cut flowers, arrangements and bouquets were completely an afterthought. They have evolved into a full service flower and gift shop & garden center. For the last 15 years we have branched out to provide the area with unique and unusual gifts from local and global providers.

June Bug

251 Washington St, Somerville 02143

June bug is a new concept from the team at field & vine. The food follows the same philosophy and is sourced locally and in-season. The cuisine is casual with emphasis on the beautiful maine built wood fire oven. we cook naturally leavened pizzas, fun salads, wood fire roasted veggies and more. We hope our space feels playful and inviting to you. We hope to have you over often and share memories and this life with you.

Somaek 11 Temple Place, Boston 02111

Somaek pays homage to the cuisine Bissonnette fell in love with while cooking with his mother-in-law, Soon Han—so much so that she is officially titled as the restaurant’s consulting chef. The menu, written in both Korean and English, celebrates traditional dishes and a robust banchan menu that includes, but is not limited to, four different kimchi, seasoned cucumbers, and stewed potato. Not to be missed is Cartin’s convivial cocktail menu.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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We are proud to announce that the Engel & Volkers network raised $281,960 for Special Olympics in 2023.

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Meridian Realty Group Full Service Property Management

Selling pretty properties isn’t our only goal. Keeping them pretty is part of our service.

24/7 Full Service Property Management Division

As part of Engel & Völkers’ service, we offer 24/7, full service property management through our sister company, Meridian Realty Group (MRG). Meridian offers wide ranging resources providing hands-on management for owners, investors, residents and their properties. We specialize in associations from three to 100+ units. State-of-the-art management and property accounting systems are in place to electronically pay condo fees, submit work orders, track rental activity for multi-family owners, and provide online access to building documents and monthly financials. We work closely with associations, condominium boards, and single and multi-family owners to establish and implement policies that will enhance quality and property values.

Meridian Realty Group utilizes a unique team approach providing comprehensive residential and multi-family property management services. Our senior principals have over 100 years of combined experience in property management; creating programs and services tailored for each individual client.

Preventive maintenance is the regular inspection and repair of equipment and facilities to prevent extensive, costly damage from occurring over time. Preventive maintenance can go a long way toward reducing the overall cost of your condominiums, as large expenditures for repairs and replacements can often be avoided by a careful attention to detail. Following a thorough condominium preventive maintenance checklist can help you to increase the attractiveness of your property.

Email us today for a free on-site consultation at info@mrgproperty.com

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617-936-4194
Gloucester Street • Boston, MA • 02115 boston.evrealestate.com
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Condo Maintenance Guide

Landscaping

Landscaping not only adds value, but can increase the enjoyment of your home. Whether it be in the common or private areas of your association, picking the right plantings and materials is important to maximize enjoyment for all.

Building Overview

Now is a great time to make your front entrance welcoming. Whether it is a fresh coat of paint or a new set of planters, it’s the small inexpensive things that can make a world of difference. Don’t forget to review your vendors from last year. Were you happy with the snow removal, leak repairs, heating, management company responsiveness, etc.? If not, make a couple of calls to see who else might better fit your needs.

Inspections

Perform regular inspections on all equipment and facilities that are subject to damage or normal wear and tear. Inspect such things as roofs, insulation, ventilation systems and appliances to ensure that they are operating safely and efficiently.

Cleaning

Stick to a regular cleaning schedule for fixtures such as air ducts and exterior siding to ensure that dirt, mildew and other buildup does not cause any damage. Clean and replace filters in heating and air conditioning units, as well as appliances such as washing machines and dryers, to prevent fire damage. New or cleaned filters also help to keep electricity costs down, as the appliances can operate more efficiently with an unrestricted flow of air.

Pest Control

Bring pest control specialists into your condominiums at least once per year. Common pests can increase their populations rapidly and can quickly infest an entire property, causing extensive damage to interiors and electrical infrastructure. Act proactively to ensure that pests do not gain a foothold in your properties, and respond quickly to any pest complaints.

Testing

Test emergency equipment such as sprinkler systems, smoke alarms and fire extinguishers to ensure that they remain in working order. Properly maintained safety equipment can prevent a small mishap from becoming a major disaster. Fire escapes need to be certified every 5 years per the Commonwealth of Massachusetts. Elevators need state inspections on a scheduled basis.

Sealants

Reapply all sealants before a problem occurs. Sealants on steps, decks, bricks, exterior paint and window caulking can corrode over time, exposing your property to the risk of internal damage. Keeping on top of these items not only helps to keep your structure strong, it can also cut down on energy, assessments, and repair bills in the future.

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46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194 42 VISIT US ONLINE OR AT ONE OF OUR SHOPS boston.evrealestate.com Engel & Völkers S. Boston/ Seaport 493 E. Broadway Boston, MA 02127 617-294-1103 Engel & Völkers Newton 77 Union Street Newton, MA 02459 857-297-2000 Engel & Völkers North End/ Waterfront 345 Hanover Street Boston, MA 02113 617-936-4194 Engel & Völkers Back Bay 46 Gloucester Street Boston, MA 02115 617-936-4194

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