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Greater Boston Market Trends Winter 2022
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Recently Sold by Engel & Völkers
66 Pershing Rd I $2,175,000
3 Claremont St I $2,375,000
33 Hancock St, #2 I $910,000
24 Lois Ann Court, #24 I $1,104,575
150 Appleton St #1D I $647,000
51-53 Cutler St #1 I $1,150,000
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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40 Hereford St, #1 I $1,955,000
280 Commonwealth Ave #106 I $850,000
931 Massachusetts Ave, #703 I $670,000
465 Beacon St, #1 I $905,000
319 A St #210 I $545,000
492 Beacon St #33 I $925,000
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Setting the tone for sophisticated real estate At Engel & Völkers Boston, we embrace our city’s simple ethos — we work hard, and we play hard. Our real estate advisors work each deal with the same drive and intensity as if they were purchasing the property for themselves.
Our advisors are not only the most successful in our area, they also share traits which align with Engel & Völkers’ culture, such as teamwork, passion, and competence. With our state-ofthe-art real estate tools and technology, premium brand recognition, and unrivaled market knowledge, we are able to offer our clients first class service during the purchase or sale process. We look forward to hearing from you soon and advising you on your next real estate deal.
Engel & Völkers Americas Year in Review: An impressive year for our company in 2021! 2021 Year in Review Video
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Table of Contents Recently Sold by E&V Introduction Winter Property Spotlight Virtual Marketing Suite Meridian Realty Group Back Bay Beacon Hill Brookline Cambridge Charlestown Jamaica Plain Medford Middleton Midtown Newton North End Seaport Somerville South End South Boston Waterfront West End EV by the Numbers About Engel & Völkers Engel & Völkers EDGE Shop and Dine Local Engel & Völkers Cares Molly Schoeck Bio
2-3 4 6-7 8-9 10-11 12-13 14 16-17 18 19 20 21 22 23-24 25 26 27 28-29 30-31 32 33 34 35 36 37 38 39 40
boston.evrealestate.com ©2020 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.
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Winter Property Spotlight 400 Stuart Street, Unit 17B I Back Bay
The Clarendon I 2 Bedrooms I 2 Bathrooms I 1,229 sq ft Remarkable opportunity to own a stunning 2 bed/ 2 bath residence at the luxurious Clarendon, a highly sought after full service building in the heart of Back Bay. Ideal layout with a spacious and open kitchen/ living/ dining area. Floor to ceiling windows encompass this home with iconic views of the Back Bay, Charles River and Cambridge. Imagine cooking in your chef’s kitchen with gas cooking, high end appliances and wine fridge all while looking out your windows at the lovely views surrounding you. Primary bedroom with spa like en-suite bath and two walkin closets is a great size and complete with floor to ceiling windows. The second bedroom is ideal for a den/office/ work out space/nursery-the options are endless! The amenities at The Clarendon will surpass your expectations; concierge, fitness center, owners lounge, children’s room, landscaped terrace w/grills and magnificent views, clubroom, conference room, lounge. Valet parking space incl. Convenient to all the best shops & restaurants.
106 Fulton Street, Unit 1A I Waterfront
Garage Parking I 3 Bedrooms I 2.5 Bathrooms I 2,057 sq ft Single family home living nestled in between Boston’s Waterfront and North End neighborhoods combining the uniqueness and character of the area with contemporary, custom high quality and energy efficient finishes. This 2057 sq ft luxury open concept home with 3 beds, 2.5 baths is ideal for everyday living as well as entertaining. The gourmet kitchen has European custom cabinetry, SubZero, Wolf & Asko appliances with a dramatic White Rhino Marble island countertop giving plenty of room for seating. Walnut hardwood floors complete the beauty of this upper level open space. Automatic electric front window shades allow light throughout the duplex providing privacy for this one of a kind condo. The lower level includes a glass staircase leading to the family room with original distressed Hickory ceiling beams, wood floors throughout, office, 2 additional bedrooms, full bath, spacious laundry room & storage. Enjoy direct entrty to your deeded garage parking. Concierge building.
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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Winter Property Spotlight 285 Columbus Avenue, Unit 803 I Back Bay
285 Columbus Lofts I 2 Bedrooms I 2 Bathrooms I 1,011 sq ft Search every luxe building view all updated properties in Boston ~ you will be hard pressed to find such perfection blending bespoke architectural design with warm livability as offered here. Elegant yet cutting edge architecturally significant designed PH showplace in a sought after boutique bldng. Have the finest of the Back Bay & South End & reside at a pivotal locale at the intersection of both. Artisan crafted finishes abound: custom oak flooring, Lemieux doors, hidden hinges, marble inlay foyer, tray ceilings w 24kt gold & silver leaf. Integrated A/V & custom humidification systems. Cook in the finest custom designed ARCLINEA kitchen, Italian marble counters, w full slab back splash & the finest MIELE appliances. Built in banquet creates a dining area that is both functional & referred to as cozy. Delight in the sumptuous primary suite with custom walk-in closet & en-suite bath. Smart home tech, lrg 2nd bdrm/den, concierge, rooftop deck, avail rental parking allows you the best of city life.
180 Beacon Street, Unit 2D I Back Bay
Valet Parking I 1 Bedroom I 1 Bathroom I 785 sq ft Remarkable and rarely available 1 bed/ 1 bath at a most prestigious Back Bay full service building. Ideal floor plan with wonderful views of the Charles River, breathtaking sunsets and the Back Bay skyline. Walk into the oversized living/ dining area ideal for entertaining complete with a Juliet balcony and views not to be missed. Kitchen with gas cooking, storage galore and great layout. Bedroom with a view and great closet space. Full service building with 24-hour concierge, fitness center, resident lounge, professional on site management, valet garage parking and a welcoming Zen garden front entrance area. 180 Beacon is prominently located near all the best shopping, world class restaurants and attractions Back Bay has to offer. Nearby all major highways and public transportation. A must see home!
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Engel & Völkers Virtual Marketing Suite
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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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 to our clients, we are able to provide 24/7 full service property management through our sister company, Meridian Realty Group (MRG). Meridian Realty Group offers a wide range of resources to provide hands-on management for owners, investors, residents and their properties. We specialize in associations from three to 100+ units. State-of-theart management and property accounting systems are in place to electronically pay condo fees, submit work orders, track rental activity for multifamily owners, and provide online access to building documents and monthly financials. We work closely with associations, condominium boards, and single and multifamily owners to establish and implement policies that will enhance the quality and value of your property or complex. Meridian Realty Group utilizes a unique team approach in offering comprehensive residential and multifamily 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. Email us today for a free on-site consultation at info@mrgproperty.com 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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Condo Maintenance Guide 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. 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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Back Bay Neighborhood Market Trends
Back Bay Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
76
76
$1,637,866
94%
Q4 2021
90
75
$2,166,194
95%
Data per MLSPIN
From the rich history of the homes and buildings to the trendy vibe of the shops and restaurants, Back Bay is a place many people wish to call their home. Our own office is located in the heart of Back Bay, and we are certainly happy to call it home! The number of condos sold increased 18% year-over-year for the fourth quarter. The average sales price drastically increased by 32%. The real estate market is thriving in our neighborhood. The current average list price for a condo in the Back Bay is $3,006,569 with 68 units on the market. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Back Bay condos Average price per square foot (Q4) 2018
$1,245
2019
$1,255
2020 2021
$1,215 $1,363
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Back Bay Featured Listings
285 Columbus Ave, #803 I $1,450,000
400 Stuart St, #17B I $2,150,000
434 Marlborough St, #B I $3,995,000
434 Marlborough St, #A I $975,000
180 Beacon St, #2D I $950,000
261 Commonwealth Ave, #4 I $890,000
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Beacon Hill Neighborhood Market Trends
Beacon Hill Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
45
46
$1,934,778
96%
Q4 2021
42
54
$ 1,510,277
96%
Data per MLSPIN
Brick rowhouses and sidewalks, beautiful doors and window boxes all add to the charm that can only be found in Beacon Hill. The number of condos sold remained steady year-over-year for the fourth quarter. The average sale price has dipped 22%. Days on market has increased 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 $3,447,030 with 30 units currently on the market. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Beacon Hill condos Average price per square foot (Q4) 2018 2019 2020 2021
$1,080 $1,198 $1,324 $1,216
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Brookline Neighborhood Market Trends
Brookline Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale Price/List Price %
Q4 2020
112
51
$1,099,555
95%
Q4 2021
110
51
$990,206
98%
Data per MLSPIN
Brookline offers a charming mix of vibrant urban life and attractive suburban amenities. Brookline is home to a variety of shops, restaurants and cultural institutions making it attractive to many home buyers. The number of condos sold remained steady year-over-year for the fourth quarter. The average sales price and days on market remained steady. The current average list price for a condo in Brookline is $1,259,735 with 31 active listings. The single family market remains fast moving with low inventory of only 12 homes for sale with an average list price of $3,219,583. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Brookline condos Average price per square foot (Q4) 2018 2019 2020 2021
$706 $685 $690 $729
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Brookline Featured Listing I Under Agreement 366 Kent Street
Set in the esteemed Longwood neighborhood of Boston’s finest suburb, this architectural treasure is a true urban oasis! The spacious foyer welcomes you to this home that is perfect for gracious entertaining or for casual family living. There is a large formal living room with a fireplace that opens onto a wonderful den overlooking an architecturally designed deck and pergola and carefully planned perennial garden. The eat-in-kitchen, from which you can walk out to the patio and garden is ideal for the at home chef and opens to a formal dining room for gatherings of family and friends. Up the elegant staircase is a grand sized bedroom with two walk-in closets and en-suite bath. An additional 3 other bedrooms, storage galore and one full bath complete this level. Highly soughtafter potential to build a third level. The lower-level features a separate entrance leading to a sitting area, au-pair/bedroom/office area, and a full bath all in the exclusive Lawrence School district.
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Cambridge Neighborhood Market Trends
Cambridge Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
157
35
$1,022,256
100%
Q4 2021
190
35
$1,035,719
101%
Data per MLSPIN
Cambridge is located directly across the Charles River from Boston. It is home to famous universities and highly-rated public schools. The number of condos sold increased 21% year-over-year for the fourth quarter. The average sales price and days on market remained steady. We are slowly starting to see more inventory come on the market. With students and professionals alike heading back to the Cambridge market, we are sure to see a strong Winter/ Spring market in your neighborhood. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Cambridge condos Average price per square foot (Q4) 2018 2019 2020 2021
$786 $817 $828 $883
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Charlestown Neighborhood Market Trends
Charlestown Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q2 2020 Q4
58 89
31 41
$831,234 $795,817
100% 99%
Q2 2021 Q4
145 62
79 33
$853,720 $830,184
101% 99%
Data per MLSPIN
Charlestown is steeped in history with brick townhouses in a waterfront neighborhood that is home to the Bunker Hill Monument. This quarter, the number of condos sold dipped 30%. The average days on market dropped 20%, yet the average sale price increased 4%. Over the past four years the “price per square foot” has remained very steady. We have a fabulous single family coming on the market, keep your eyes and ears open for more details!
Charlestown condos Average price per square foot (Q4) 2018 2019
$748$732 $726$711
2020
$772 $751
2021
$765 $789
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Jamaica Plain Neighborhood Market Trends
Jamaica Plain Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
98
37
$655,408
99%
Q4 2021
84
35
$679,072
100%
Data per MLSPIN
Jamaica Plain is a tight-knit neighborhood with serene green spaces with trails around the Jamaica Pond and through the vast Arnold Arboretum. The number of condos sold decreased 14% yearover-year for the fourth quarter. Days on market has gone down, as the pace of the market picks up. The average sales price has increased 4% - all signs of a strong Spring market ahead!
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Jamaica Plain condos Average price per square foot (Q4) 2018 2019 2020 2021
$511 $517 $548 $580
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Medford Neighborhood Market Trends
Medford Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
87
26
$737,796
102%
Q4 2021
93
28
$747,554
102%
Data per MLSPIN
Medford is one of Boston’s best kept secrets. Minutes from downtown Boston plus easy access to public transportation and filled with fabulous restaurants, shops and bars. The number of condos sold and days on market remained steady in the fourth quarter. Selling prices are still going for over their list price showing signs of strong market. Over the past four years the “price per square foot” has remained steady.
Medford condos Average price per square foot (Q4) 2018 2019 2020 2021
$365 $374 $410 $434
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Middleton Neighborhood Market Trends
Middleton Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
21
54
$952,000
98%
Q4 2021
17
32
$970,447
101%
SO LD !
Data per MLSPIN
113 Mill St EXT I $1,570,000 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Middleton is a highly sought after suburb, just North of Boston. Days on market has gone down significantly by 41% as it is a very strong seller’s market and inventory is selling swiftly. The average sales price has remained steady year-over-year in the fourth quarter. Properties are selling for over their list price. All signs are showing a competitive market in Middleton. If you have ever considered selling, now is the time!
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Midtown Neighborhood Market Trends
Midtown Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
8
57
$1,968,750
94%
Q4 2021
12
88
$1,584,866
97%
Data per MLSPIN
Boston’s Midtown is centrally located near Boston Common and home to many full-service buildings. The average sales price dropped due to the pandemic but is inching its way back up with an average list price currently at $3,232,875 and 32 units currently on the market for sale. Number of listings sold increased. The full service market in the Midtown neighborhood is certainly coming back.
Midtown condos Average price per square foot (Q4) 2018 2019 2020 2021
$1,225 $1,310 $1,211 $1,088
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C om in g
So on !
Coming Soon I One Winter Place PH Midtown
Modernity meets old world glamor in this Tribeca art gallery style home. Direct elevator access to 3,323 sqft of living space fit for Architectural Digest is sprawled regally over one floor. Two deeded garage parking spaces nearby and a private 1,100 sqft rooftop deck make this urban dwelling a true oasis of beauty, privacy and convenience. Elevate the art of entertaining with a show-stopping open concept living room and kitchen with Wolf gas range, double ovens, Sub-Zero fridge, beverage fridge, large center island and bar. This lovely area leads you directly into another expansive living space plus office reading area and half bath. Two king sized bedrooms with walk-in closets and en-suite spa bathrooms plus a gorgeous guest room lend themselves to an abundance of comfort and privacy. Storage galore, washer/dryer, central AC, and hardwood floors throughout complete this home. A stone’s throw away from the world famous Boston Common and all of the city’s most acclaimed neighborhoods, restaurants, and boutiques. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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Newton Neighborhood Market Trends
Newton Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
182
54
$1,596,456
99%
Q4 2021
140
33
$1,617,918
101%
Data per MLSPIN
Newton is located just seven miles West of downtown Boston and is home to one of our shops at 77 Union St in Newton Centre- stop by and visit us anytime! With a strong push to move to the suburbs, the number of single family homes dipped 23% year-over- year for the fourth quarter with lack of inventory still being an issue. In addition, the average sales price of a home increased a bit and remains steady. If you have ever considered selling your home in Newton, now is the time!
Newton Single Family Average price per square foot (Q4) 2018
$458
2019
$444
2020 2021
$487 $540
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North End Neighborhood Market Trends
North End Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
23
55
$723,326
98%
Q4 2021
14
65
$724,250
97%
Data per MLSPIN
The North End is one of Boston’s most historic neighborhoods, famous for its iconic streets, architecture and amazing restaurants. The number of listings sold decreased 39% due to lack of inventory. The average sale price increased slightly. The average days on market increased 18%; all good signs of a solid market. We are excited to be opening our 4th location in your neighborhood on Hanover St- keep your eyes out for our grand opening. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
North End condos Average price per square foot (Q4) 2018 2019 2020 2021
$901 $934 $907 $973
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Seaport District Neighborhood Market Trends
Seaport District Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
35
52
$1,749,330
97%
Q4 2021
36
59
$2,117,918
99%
Data per MLSPIN
The Seaport District is Boston’s newest Seaport condos neighborhood with an influx of vibrant Average price per square foot (Q4) luxury buildings. The number of condos 20 sold remained steady year-over-year in 2018 $1,249 the fourth quarter. The average sale price increased by 21%. Many units in these 2019 $1,474 luxury buildings are selling, continuing $1,608 to drive the average sale price up. Thanks 2020 to luxury buildings, the “price per square $1,638 foot” has gone up quite drastically over 2021 the past few years. The St Regis, joining the neighborhood Winter 2022, will be a wonderful luxurious addition!
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Somerville Neighborhood Market Trends
Somerville Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
123
42
$802,383
101%
Q4 2021
138
42
$829,896
101%
Data per MLSPIN
Somerville offers residents an urbansuburban feel with its close proximity to downtown Boston and many bars, restaurants, coffee shops and parks. The number of condos sold increased 12% year-over-year for the fourth quarter. Days remained the same and the average sale price increased 3%. Somerville continues to be a highly sought after neighborhood. Over the past four years the “price per square foot” has remained steady. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Somerville condos Average price per square foot (Q4) 2018 2019 2020 2021
$623 $598 $609 $682
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Somerville Coming Soon 255 Beacon Street
COMING SOON! 255 Beacon St, Unit 4D Somerville, MA By the Numbers: Bedrooms: 3 Bathrooms: 3 Total Living Area: 1,619 Outdoor Space: Yes, Private Roofdeck Parking: 2 Garage Storage: Yes, Private Elevator: Yes Whole Foods is around the corner, and Inman Square and Kirkland Village are minutes away. Harvard Sq, Central Sq, Porter Sq, the Red Line, fabulous local shops and restaurants are all nearby.
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South End Neighborhood Market Trends
South End Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q42020
96
61
$1,103,284
96%
Q4 2021
153
46
$1,328,294
100%
Data per MLSPIN
The South End is one of the most beloved and popular neighborhoods. The number of condos sold year over year for the fourth quarter had a significant increase of 59%. The average sales price increased 20%. The ratio of sale to list price (this is the amount buyers can expect to pay) increased 4%. In the fourth quarter of 2021 the average price per square foot increased drastically due to the closings of the neighborhood’s newest full service building, The Quinn. There are currently 73 condos on the market with an average list price of $1,769,689. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
South End condos Average price per square foot (Q4) 2018 2019 2020 2021
$1,009 $1,016 $977 $1,915
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South End Coming Soon 455 Massachusetts Avenue, Unit 3
Exquisite 2 bedroom home with custom details throughout and no detail overlooked. This outstanding home is located in the desirable South End. No expense was spared during the renovation of this stunning Italian designed chef’s kitchen with sleek contemporary imported cabinetry, gas cooking, integrated top of the line appliances, and wine fridge. Bright and airy over sized living/ dining area perfect for entertaining with custom blinds, bay window and recessed lighting. Private deck ideal for morning coffee or afternoon reading/cocktails. Two good sized bedrooms with ample closet space. Spa like tiled bath with glass enclosed shower. In unit w/d, magnificent dark hardwood floors, an abundance of storage and high ceilings throughout. This is the home you have been waiting for! Steps to the best the South End has to offer; fabulous restaurants, great shopping, beautiful parks, public transportation, Boston Medical Center & much more. A real South End gem!
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South Boston Neighborhood Market Trends
South Boston Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
125
58
$756,036
98%
Q4 2021
133
48
$844,826
99%
Data per MLSPIN
South Boston is home to many young professionals and families who are drawn to the vibrant community and convenient location. The number of condos sold increased 6% year over year for the fourth quarter. The average sale price increased 12%. With the increase of activity in the neighborhood, the days on market has decreased indicating a fast paced market. Come visit us at our South Boston location anytime- 493 East Broadway! 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
South Boston condos Average price per square foot (Q4) 2018
$730
2019
$726
2020 2021
$742 $797
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Boston Waterfront Neighborhood Market Trends
Waterfront Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
25
112
$1,385,977
95%
Q4 2021
33
66
$1,479,670
97%
Data per MLSPIN
Boston’s Waterfront has a rich history and is home to many full service buildings, the Harborwalk, and New England Aquarium. The number of condos sold increased 32% year- over-year for the fourth quarter. The ratio of sale to list price increased and the average days on market decreased 41%. The average sales price increased 7%. There are currently 14 units under agreement in the Waterfront and 28 for sale, the market is in full swing here and prices are going up.
Waterfront condos Average price per square foot (Q4) 2018 2019 2020 2021
$1,124 $1,022 $1,006 $1,062
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West End Neighborhood Market Trends
West End Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2020
5
63
$511,800
95%
Q4 2021
6
41
$646,333
98%
Data per MLSPIN
The West End has many luxury highrises and is conveniently located near Mass General Hospital, TD Garden, Museum of Science and The Charles River. Number of listings sold remained steady. The average sale price increased 26% showing signs of a strong Spring market ahead for the neighborhood. There are currently 4 condos under agreement with an average list price of $695,750. Over the past four years the “price per square foot” has remained steady. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
West End condos Average price per square foot (Q4) 2018 2019 2020 2021
$562 $692 $668 $664
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Engel & Völkers We are everywhere you want to be
From a specialty boutique to a worldwide real estate company, exceptional service drives our success.
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Engel & Völkers 955 offices in 33 countries Global marketing support
Fully dedicated team of experts Engel & Völkers manages a global marketing
Engel & Völkers marketing strategies and offerings
infrastructure out of our corporate headquarters
are rooted in data and research for optimal results
in Hamburg, Germany that supports our shops
--- at every level. By identifying the unique qualities of
and advisors worldwide. This support adds to the
a property and placing it in the context of current and
targeted marketing strategies delivered by our
trending market conditions, we then identify target
Americas headquarters in Manhattan to support the
market groups and create campaigns to provide
local markets served by our Engel & Völkers advisors.
maximum exposure of the property alongside
Each local shop then leverages the brands national
messaging and branding to attract the most qualified
and international resources and reach through its
buyers. Our creative approach is also backed by
dedicated marketing specialist who works with
consumer data and testing to ensure we highlight
each advisor to create customized, multi- channel
your property in the best light.
campaigns for each property we market.
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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The world deserves to see it. You deserve to sell it. Smart marketing. Extensive exposure.
Giving you the EDGE. Global reach with boutique style is what you can expect when working with an Engel & Völkers advisor here and around the world. Providing unprecedented reach of your property, Engel & Völkers offers the exclusive EDGE (Extensive Domestic & Global Exposure) platform designed to maximize online exposure of your listing to qualified buyers worldwide via a suite of highly trusted and strategic online and mobile marketing partners. But we don’t stop there. With a global network of more than 11,000 real estate professionals in more than 30 countries, we not only reach millions of consumers, but are able to collaborate with our fellow Engel & Völkers advisors to strategically handpick and refer buyers for the specific properties they seek … like yours. Let us provide the EDGE you need to sell your home and begin your next adventure.
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Support our Local Restaurants and Businesses Beehive 541 Tremont St, Boston 02116 Hailed as a must see Boston venue by Travel & Leisure, Zagat, and The New York Times, The Beehive is a wildly popular Bohemian eatery and bar located in The Boston Center for the Arts complex in Boston’s South End. Amongst the backdrop of an eclectic, funky, yet elegant space, you can enjoy delicious food, sumptuous cocktails, and world-class live music. The Parrish Café 361 Boylston St, Boston 02116 The Parish Cafe opened in November 1992. Its concept is simple, but fabulous! Owner Gordon Wilcox approached Boston’s famous chefs and asked them each to create a sandwich for the Parish Cafe menu. Each sandwich is named for the chef and the restaurant they are from. Since their menu items are created by other chefs their standards are extremely high, which shows through in their following. Neptune Oyster 63 Salem St, Boston 02113 Neptune Oyster is an oyster bar located in the North End of Boston, commonly referred to as, “little Italy”. Neptune Oyster is widely recognized as a premier spot to enjoy oysters and a lobster roll. Lines form for the raw bar & warm, buttered lobster rolls at this tiny, high-end oyster bar. A meal in Neptune Oyster’s cozy, refined space will be one to remember. Pellas Gallery 114 Newbury Street, Boston 02116 Contemporary art gallery whose primary goal is to discover the best new emerging artists with a focus on local talent. Pellas also exhibits works from prominent West Coast artists as well as international works from Japan, the UK, China and more. Gallery partners and engaged couple F. Alfredo Pellas and Isabel Arguello view every work at the Gallery as both an object of beauty, and as an appreciating investment for collectors. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Special Olympics
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Engel & Völkers is a proud champion of Special
Engel & Völkers Cares brokerages and together across time zones
Olympics, specifically focused on creating more
borders—it’s a common good that unites us. Every
inclusive communities through its Athlete Leadership
hour given, every dollar donated, every kind word
and Play Unified programs. We are committed to
spoken and every door opened creates opportunities
Engel & Völkers Cares
Special Olympics
giving back to and investing in the neighborhoods
for those who need it most. We believe that in order
Engel & Völkers is a proud champion of Special
brokerages and together across time zones and
in whichinclusive we live,communities we play and we raise our Leadership families. through its Athlete
hour given, every dollar donated, every kind word
our clients desirespecifically because these the places Olympics, focusedtoo on are creating more and Play Unified programs. We are committed to back to and investing in the neighborhoods Special giving Olympics athletes contribute to our story. our clients desire because these too are the places
From them we learn, we think differently and realize
to lead, we must empower to Every do the same. borders—it’s a common good that others unites us. spoken every opened creates opportunities Ask and how ourdoor shop specifically contributes to this for those who need it most. We believe that in order
amazing cause.
to lead, we must empower others to do the same.
in which we live, we play and we raise our families.
what we can accomplish as individuals, as local Special Olympics athletes contribute to our story. From them we learn, we think differently and realize what we can accomplish as individuals, as local
and
Ask how our shop specifically contributes to this amazing cause.
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CRAFTING BESPOKE HOMEBUYING EXPERIENCES IN BOSTON.
WE ARE ENGEL & VÖLKERS. Clients of Molly Schoeck receive exceptional customer service from a long-time Boston resident. Originally from Germany, Molly was formerly a Vice President at Commerzbank AG in Frankfurt, one of Europe’s most prominent financial services institutions. She now lives with her family in Cambridge where she moved to in 2015 from the Boston’s South End. She is very active with many neighborhood and business associations in both places. Her knowledge of Boston and the surrounding neighborhoods is extensive due to her deep involvement in the different communities and her consistent research and evaluation of the region’s real estate assets. Molly brings her global experience managing high net-worth individuals along with her exceptional marketing and negotiating skills to her real estate practice. She enjoys working with international parties in a variety of languages such as English, German and French. Her business affiliations are with the National Association for Realtors and the German-American Business Council of Boston – GABC. She is also an active volunteer and fundraiser for multiple philanthropic organizations. Molly is passionate about her work with the Leukemia & Lymphoma Society and actively volunteering for the Boston Medical Center’s “Grow Clinic” and working on their fundraising Committee. Since 2017 she is also a member on the Advisory Board for the American Repertory Theater in Cambridge. Personal interests include the arts, cooking, golf, skiing and very much so spending time with family and friends.
Molly Schoeck Engel & Völkers Boston 617-512-9139 molly.schoeck@evrealesate.com mollyschoeck.evrealestate.com
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
VISIT US ONLINE OR AT ONE OF OUR SHOPS Engel & Völkers Back Bay 46 Gloucester Street Boston, MA 02115
Engel & Völkers Newton 77 Union Street Newton, MA 02459
Engel & Völkers S. Boston/Seaport 493 E. Broadway Boston, MA 02127
617-936-4194
857-297-2000
617-294-1103
North End/ Waterfront location Coming Soon!
boston.evrealestate.com