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Greater Boston Market Trends Winter 2023/ 2024
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Recently Sold by Engel & Völkers
94 McCormack Rd I $657,000
29 Day St I $2,142,500
330 Beacon St, Unit 115 I $2,238,000
53 Corey St, Unit 3S I $685,000
485-495 Washington St, Unit 3509 I $1,400,000
177 Thorndike St, Unit F I $2,400,000
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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150 Dorchester Ave, Unit 514 I $1,300,000
5 Sagamore Place I $3,200,000
24 Hammond Rd I $1,450,000
295 Beacon St, Unit 42 I $1,575,000
572 E Broadway, Unit 4 I $580,000
11 Pembroke St, Unit 1 I $799,000
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Setting the bar for sophisticated real estate services
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 • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Table of Contents Recently Sold by E&V Introduction Winter Property Spotlight Virtual 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 Jayne Kramer Bio
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boston.evrealestate.com
©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.
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Winter Property Spotlight 295 Beacon St, Unit 2 I Back Bay Newly Renovated I 3 Bedrooms I 2.5 Bathrooms I 1,652 sq ft Beautifully renovated duplex. This unit melds classic charm with modern luxuries—10 ft ceilings, west-facing windows, a decorative fireplace, and hardwood floors. The open-concept living room and brand new chef’s kitchen create an ideal entertaining space. Spacious primary bedroom features a walkin closet and ensuite bath with a marble shower and double vanity. Two additional bedrooms, full bath, walk-in laundry room, ample storage, and central air complete this unit. Enjoy incredible views of Boston skyline and Charles River from one of the city’s best roof decks. Just outside your door is world-class dining & shopping on Newbury Street.
6 Whittier Place, Unit 10N I West End Whittier Place I 2 Bedrooms I 2 Bathrooms I 1,387 sq ft
Stunning renovation. Enjoy city views, abundant natural light, and a well-designed layout. The spacious living room is perfect for entertaining, featuring an enclosed balcony with custom sliding doors, offering flexibility as a sunroom or office. A white kitchen with large peninsula opening seamlessly to the living area maximizes cabinet space, and is equipped with a gas range, microwave, dishwasher & wine fridge. Two generous bedrooms accommodate king beds, with the main bedroom containing cedar closets and ensuite bath.The building underwent high-end designer renovations in 2019, transforming interior common areas with marble finishes. Professionally managed with a 24/7 concierge and onsite management.
280 Beacon St, Unit 65 I Back Bay Elevator Building I 2 Bedrooms I 2 Bathrooms I 1,286 sq ft
Highly desirable residence: elevator building, with onsite super and an impressive rooftop deck. This unit boasts an open-concept kitchen/living/dining area & boasts captivating views of the Charles River and Cambridge. Custom built-ins provide ample storage & classic character in the main living space. The chef’s style kitchen is ideal for entertaining, equipped with massive island, abundant storage, top-tier appliances, and lovely granite countertops. The front facing bedroom has panoramic views, an en-suite bath, two closets and nook. The second bedroom is well appointed with excellent storage and an en-suite bath featuring a sleek glass shower.
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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Winter Property Spotlight 55 Addington Rd, Unit 1 I Brookline Gut Renovated I 3 Bedrooms I 2.5 Bathrooms I 1,691 sq ft Meticulously gut-renovated in 2018 nestled on the leafy street in Brookline’s Aspinwall Hill, is a perfect blend of timeless elegance and modern convenience. Bathed in natural light, the inviting living space opens to a chef’s kitchen showcasing top-of-the-line Wolf and SubZero appliances, and elegant quartz countertops. Spa-like primary bathroom with double sinks, a custom-tiled shower, and a luxurious deep soaking tub. The second full bath offers equally generous proportions, featuring its own doublesized custom shower. Ample storage abounds, with a capacious walk-in primary closet and built-in closet systems in every bedroom. Designated parking.
45 Province St, Unit 2103 I Midtown Private Terrace I 2 Bedrooms I 2 Bathrooms I 1,318 sq ft
Step into the epitome of modern upscale living on the 21st floor of 45 Province. This exquisite residence offers breathtaking panoramic views and an ideal layout for hosting unforgettable gatherings. Embrace the natural light pouring through floor-to-ceiling windows, and a delightful private balcony that invites you to savor the surroundings. The kitchen is a luxurious haven. Inside, you’ll discover elegant bamboo floors, numerous upgrades, and ample storage. Effortless home control upgrades simplify your life, while two full bathrooms enhance convenience. Luxury amenities including valet parking, concierge support, a cinema room, a fully-equipped fitness center, a private swimming pool, and a rooftop terrace.
300 Boylston St, Unit 907 I Back Bay Heritage on the Garden I 2 Bedrooms I 2.5 Bathrooms I 1,840 sq ft
Glorious southwest corner unit. More than 1,800 sq ft of prime living space is beautifully laid out to accommodate your cosmopolitan lifestyle. Charming entrance foyer with powder room opens into expansive sunlit living and dining areas with several built-in displays and a private balcony. The chef’s kitchen is oversized with granite topped workspaces and an adjacent laundry room with new washer/dryer. Across the foyer lies a large primary suite with double walk-in-closets and spa-inspired 4-piece bath en-suite. The second bedroom features a bay windows and its own en-suite bath. One full garage space and storage unit are included in sale.
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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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Back Bay Neighborhood Market Trends
Back Bay Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2022
61
59
$1,772,275
98%
Q4 2023
73
53
$2,899,076
99%
Data per MLSPIN
Back Bay’s rich history, trendy restaurants, 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 increased 20% this quarter. Average sales price jumped drastically by 64% due to two closings in our newest luxury building, Raffles Boston. The units closed at $16.7M and $13.6M! The current average list price for a condo in Back Bay is $4,801,667 with only 87 condos on the market. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Back Bay condos Average price per square foot (Q4) 2020
$1,209
2021
$1,357
2022
$1,306
2023
$1,595
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Back Bay Featured Listings
280 Beacon St, #65 I $1,980,000
492 Beacon St, #STH I $1,975,000
274 Beacon St, #2R I $2,250,000
1 Huntington Ave, #408 I 2,200,000
295 Beacon St, #2 I $1,950,000
300 Boylston St, #907 I $2,600,000
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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 2022
33
81
$1,516,125
97%
Q4 2023
23
66
$1,712,565
98%
Data per MLSPIN
Brick row houses with beautiful doors and gaslit cobblestone sidewalks lined with window boxes all add to the charm and mystique that can only be found in Beacon Hill. The number of condos sold dropped 30% year-over-year in the fourth quarter. Average sale price increased by 13%. 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 $3,802,471 with only 17 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) 2020
$1,324
2021
$1,216
2022
$1,211
2023
$1,338
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Brookline Neighborhood Market Trends
Brookline Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2022
92
43
$1,111,903
98%
Q4 2023
77
34
$1,028,775
99%
Data per MLSPIN
Brookline offers a rare mix of urban living in an attractive suburban atmosphere. Its variety of restaurants, shopping and iconic Brookline condos cultural institutions backdropped against Average price per square foot (Q4) an acclaimed public school system make it singularly appealing. The number of condos 2020 $690 sold decreased year-over-year for the fourth $728 quarter. The average sales price and days 2021 on market decreased showing a well paced $752 market. The current average list price for 2022 a condo in Brookline is $1,701,272 with 46 2023 $735 active listings. The single family market remains fast moving with only 15 homes for sale at an average list price of $5,729,133.
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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 2022
131
44
$1,047,141
99%
Q4 2023
100
40
$1,108,641
100%
Data per MLSPIN
Cambridge is located directly across the Charles River from Boston. It’s home to world famous universities, highly-rated public schools and an immense civic pride in its vibrant cultural scene. The number of condos sold decreased 24% year-overyear in the fourth quarter. The average sales price remained steady. 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 your neighborhood. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Cambridge condos Average price per square foot (Q4) 2020 2021 2022 2023
$828 $880 $908 $938
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Cambridge I Just Listed 19 Cameron Ave, Unit 19
Can’t split your allegiance for Cambridge and Somerville – Welcome Home! Move and relax in a completely rehabbed open concept unit on a leafy street just off Mass Ave down the block from the Community Path. Great light and high ceilings lend a spacious feel to living and dining spaces in this upper duplex. Great chef’s kitchen with Frigidaire professional line SS appliances, elegant shaker style cabinets and granite counters invites conversation with guests. One bedroom and bath on the first level plus an office/den as a bonus. The primary bedroom with an ensuite bath featuring designer double vanity and glass shower door plus second bedroom complete upstairs. Bedrooms are all nicely sized with good closets and wood floors. In unit laundry hookups, extra storage and common rear patio.
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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 2022 Q4 2020
58 43
31 39
$831,234 $862,414
100% 99%
Q2 2023 Q4 2021
145 35
79 36
$853,720 $860,640
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, the Navy Yard and endless stories of its colorful past. This quarter, the number of condos sold dipped 19%. The average days on market remained steady, and the average sale price dropped 1%. 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 boston.evrealestate.com 617-936-4194
Charlestown condos Average price per square foot (Q4) 2020
$751
2019 2021
$726 $787
2022
$812
2021 2023
$765 $795
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Charlestown I Under Agreement 52-54 Russell Street, Unit 2B
This beautifully renovated 1bedroom/1bath plus an office space is located on sought after Russell Street in Charlestown. The bright living space opens into the recently updated kitchen with stunning white cabinets, granite counter tops with white back splash and stainless steel appliances. There is a sliding door off the living space to a quaint deck that brings an abundance of natural light into the unit, making the space open and inviting. The spacious bedroom offers a large California closet and polished hardwood floors throughout. The private deck offers a generous space, perfect for grilling and watching the sunset with amazing views of the city and Bunker Hill Monument and steps leading down to a spacious lush garden common area. Exclusive use of storage room right outside the unit. A must see!
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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 2022
62
36
$690,247
100%
Q4 2023
68
46
$730,861
101%
Data per MLSPIN
Jamaica Plain is a beloved neighborhood intensely proud of its diverse population and politics with serene green spaces around Jamaica Pond and throughout the vast Arnold Arboretum and Franklin Park. The number of condos sold remained steady year-over-year for the fourth quarter. Days on market increased and average sales price increased 6%. However, prices still continue to go over the list price. Over the past four years the “price per square foot” has remained very steady. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Jamaica Plain condos Average price per square foot (Q4) 2020 2021 2022 2023
$548 $582 $591 $610
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Jamaica Pond in Boston’s Jamaica Plain. Getty Images
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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 2022
70
4
$666,169
100%
Q4 2023
47
36
$738,981
101%
Data per MLSPIN
Medford is one of Boston’s best kept secrets. It’s just minutes from downtown Boston, filled with fabulous restaurants, shops and bars, plus easy access to public transportation - who knew?! The number of condos sold decreased 33% and days on market increased in the fourth quarter leveling off the market in this area. Selling prices are still going over their list price and the average sales price increased 11%, the market is certainly showing signs of a strong quarter ahead. 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
Medford condos Average price per square foot (Q4) 2020 2021
$487 $463
2022
$545
2023
$539
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Medford I SOLD 94 McCormack Ave
Sought-after street in North Medford – a charming 3-bedroom, 1-bathroom house that is the perfect opportunity for first-time homebuyers or those seeking a condo alternative. This single-level home offers all the benefits of spacious living in a sought-after neighborhood just minutes from Boston and public transportation. As you enter this recently updated home, you’ll immediately notice the beautiful hardwood floors and the open floor plan, allowing a seamless flow between the living room, dining area, and eat-in kitchen. Step outside and enjoy a massive fenced-in landscaped yard already planted with fruit trees, grapes, and more. If you are looking for a large outdoor paradise, this is your home. This home offers many close by amenities like Jim’s Market, Carr Park, The Fells and more. Possible expansion opportunities.
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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 2022
17
101
$2,276,706
95%
Q4 2023
15
105
$3,153,133
97%
Data per MLSPIN
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 39% with an average list price currently at $3,466,750 and 52 units on the market for sale, 26 of which are at Winthrop Center. Number of listings sold and days on market remained steady. The full service market in the Midtown neighborhood is certainly coming back. It’s newest development, The Residences at Winthrop Center is open and truly a stunning masterpiece. It is a must see property!
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Midtown condos Average price per square foot (Q4) 2020 2021 2022 2023
$1,211 $1,088 $1,123 $1,632
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Midtown I Featured Listing 45 Province St, Unit 2103
Step into the epitome of modern upscale living on the 21st floor of 45 Province. This exquisite 2-bedroom residence offers breathtaking panoramic views and an ideal layout for hosting unforgettable gatherings. Embrace the natural light pouring through floor-to-ceiling windows, and a delightful private balcony that invites you to savor the surroundings. The kitchen is a luxurious haven featuring a Sub-Zero fridge and Bosch appliances. Inside, you’ll discover elegant bamboo floors, numerous upgrades, and ample storage thanks to custom-built closet systems. Effortless home control upgrades simplify your life, while two full bathrooms enhance convenience. Luxury amenities including valet parking, round-the-clock concierge support, a cinema room, a fully-equipped fitness center, a private swimming pool, and a rooftop terrace offering views worthy of a magazine cover. This is THE dream luxury, city living!
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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 2022
109
33
$1,730,760
99%
Q4 2023
91
53
$1,851,866
101%
Data per MLSPIN
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 Centrestop by and visit us anytime! After a strong push to move to the suburbs, the number of single family homes sold decreased for the first time in awhile by 17% year-overyear for the fourth quarter. In addition, the average sales price of a home increased is consistently going above the list price. If you have ever considered selling your home in Newton, now is the time! 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Newton Single Family Average price per square foot (Q4) 2020 2021
$487 $540
2022
$542
2023
$590
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Property Feature I Under Agreement 11 Canonicus Ave I Martha’s Vineyard Getaway
LOCATION LOCATION LOCATION! Nestled on the picturesque island of Martha’s Vineyard, this historic charming 3 bedroom, 1.5 bathroom single family home is a tranquil oasis awaiting your arrival. The location of this home is truly exceptional. Oak Bluffs is known for its vibrant community, stunning beaches, and a wide array of dining and entertainment options. You’ll be just moments away from the bustling downtown area with its shops, restaurants, and cultural attractions, making it easy to enjoy all that Martha’s Vineyard has to offer. Visionaries take note! 11 Canonicus Ave offers you a gorgeous water view with access to the beach, a wrap around porch and an expansive backyard. The heart of this home is the spacious sun filled dining area that offers tons of natural light. Whether you’re looking for a year-round residence or a seasonal retreat, 11 Canonicus is a rare find that offers both comfort and convenience in one of New England’s most coveted islands!
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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 2022
17
43
$1,043,647
98%
Q4 2023
11
45
$952,840
98%
Data per MLSPIN
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. Limited inventory in the neighborhood is softening the market a bit, but we expect proprties to come on the market fast and furious for the spring market ahead. We’re excited to announce our fourth Engel & Völkers location at 345 Hanover Street is flourishing- stop by anytime! We are sure to have some great coffee and pastries on hand at all times. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
North End condos Average price per square foot (Q4) 2020
$907
2021
$997
2022
$1,010
2023
$993
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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 2022
15
74
$1,788,667
98%
Q4 2023
17
57
$1,609,915
98%
Data per MLSPIN
The Seaport District is Boston’s newest neighborhood with an influx of vibrant Seaport condos luxury buildings. The number of condos Average price per square foot (Q4) sold remained steady with the average 20 sale price dropping off a bit in the 2020 $1,608 fourth quarter! Many units in these luxury buildings are selling, continuing 2021 $1,623 to drive both activity and pricing in the $1,447 neighborhood up. The St. Regis has 2022 officially joined the neighborhood and is 2023 $1,455 certainly a wonderful addition to have!
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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 2022
92
49
$832,667
99%
Q4 2023
80
74
$935,146
99%
Data per MLSPIN
Somerville offers its proud residents an urban/suburban feel with proximity to downtown Boston and many bars, restaurants, coffee shops and parks. The number of condos sold dropped 13% yearover-year in the fourth 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” has remained steady.
46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Somerville condos Average price per square foot (Q4) 2020 2021 2022 2023
$609 $668 $677 $692
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Somerville I Under Agreement 33 Glenwood Rd, Unit 1
33 Glenwood Street is a perfect home for commuters not wanting to be far from downtown Boston. Only a few blocks from Magoun Square, 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 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. In the lower level of the home, you can find the 2nd bedroom, full bath, washer/dryer plus additional storage.
29 Day Street SOLD
Better than a single family! Superior design finishes crafted into wonderful spaces indoors & out. Glorious entry with stained glass opens into expansive sunlit living + dining for effortless entertaining spilling outdoors. Open kitchen with sleek top of the line cabinetry, gleaming stone counters, premium stainless appl + expansive island. Upstairs offers exceptional primary with private deck, walk-in closets and en-suite spa bath. Top floor opens into stupendous home office with sitting area, tree top views and skylights. Landscape architect designed outdoor areas bursting with mature plants in both yard & private patio. Parking for 2 cars in driveway.
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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
Q4 2022
72
43
$1,396,530
99%
Q4 2023
66
44
$1,484,578
99%
Data per MLSPIN
The South End is one of the most beloved and popular neighborhoods in the City. Its iconic brick rowhouses were the first in the nation; add a rich social, shopping and dining scene and it’s no wonder there are so many “lifers!” The number of condos sold year-over-year for the fourth quarter decreased 8%. The average sales price did increase 6%. The ratio of sale to list price (this is the amount buyers can expect to pay) stayed steady. We are looking forward to seeing more inventory coming on soon, hopefully! There are currently only 53 condos on the market with an average list price of $1,897,206. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
South End condos Average price per square foot (Q4) 2020
$977
2021
$1,915
2022
$1,173
2023
$1,173
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South End I Under Agreement 42 Rutland Square, Unit 3
Oversized and sun filled Penthouse duplex located on quiet residential square in historic South End. This beautiful home features two large bedrooms with generous baths off each bedroom, both feature pretty ceramic or marble tiling with Master bath featuring a large double shower. Additional features include AC, gas ht and cooking, hardwood floors throughout, private laundry, generous closet and storage space. The kitchen boasts marble counter tops with chef style stainless steel appliances and lots of cabinet space for storage. The kitchen opens to an oversized living room with a gas fireplace, convenient office nook located off of the living room. This stunning home also has a wonderful private roof deck offering panoramic views of the city. Additionally, condo rights to build deck off of the dining/kitchen area are included.This townhouse is located near the Orange, Green lines and commuter rail. Also steps to tennis courts, parks, restaurants, shopping, Museums and hospitals.
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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 2022
57
55
$758,254
97%
Q4 2023
60
49
$969,534
98%
Data per MLSPIN
South Boston is a neighborhood on the move, home to many young professionals and families drawn to the vibrant community and convenient location. The number of condos sold increased year-over-year for the fourth quarter. The average sale price increased 28% pointing to a strong spring market ahead. Buyers are out looking, so if you have ever considered selling in South Boston, now might be an ideal time to list your property! 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) 2020 2021 2022 2023
$742 $798 $764 $824
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South Boston I SOLD 572 E Broadway, Unit 4
Great opportunity for an investor or end-user! Penthouse living in one of the most desirable locations in South Boston! Situated on the East side, this 1-bed, 1-bath top floor condo sprawls over 700 sqft leaving ample space for a work from home lifestyle. Custom kitchen featuring spacious granite countertop and stainless steel appliances including updated gas stove! Large living room flooded with light includes updated windows, skylight, and gas fireplace. Massive primary bedroom includes ample storage and breathtaking landing currently being upgraded and rebuilt with views of the Boston skyline. Central air / heat, in-unit washer / dryer, and well-maintained condo association round out this unit you do not want to miss. Situated steps from the beach, some of the best restaurants Southie has to offer, and Bus 9 and 10 that will bring you right into Back Bay, this condo checks all the boxes!
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Boston’s Waterfront Neighborhood Market Trends
Waterfront Neighborhood Statistics Listings Sold
Days on Market
Average Sale Price
Sale to List Price Ratio
Q4 2022
22
95
$1,413,141
96%
Q4 2023
23
68
$1,333,739
97%
Data per MLSPIN
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 fourth quarter. The ratio of sale to list price increased and the average days on market decreased 28%. The average price per square foot has remained consistent. With 7 units currently under agreement in the Waterfront and 35 for sale, the market is in full swing. 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
Waterfront condos Average price per square foot (Q4) 2020
$1,006
2020
$1,062
2022
$1,018
2023
$1,083
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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 2022
4
125
$549,750
96%
Q4 2023
3
101
$758,000
95%
Data per MLSPIN
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 decreased but interest remains strong. If you have ever considered selling, now is the time! There are currently 6 condos on the market with an average list price of $559,483 and 4 currently under agreement.
West End condos Average price per square foot (Q4) 2020
$668
2021
$664
2022 2023
$535 $607
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46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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Support our Local Restaurants and Businesses Citizen Public House & Oyster Bar 1310 Boylston St, Boston 02215 The Citizen Pub is a modern neighborhood tavern located behind Fenway Park. Our menu is a fresh twist on Tavern Cuisine. The bar program features craft cocktails, world-class wines, and a selection of more than 400 whiskeys, including hand-selected single barrels crafted just for Citizen. We are also home to Boston’s first whole pig roast, a family-style dinner for 10+ that starts with a local raw bar. A must try next time you are in the Fenway neighborhood. Bar Volpe 170 W Broadway, Boston 02127 Created, based on the time Chef Karen Akunowicz spent working and living in Italy, drawing on her time as a pasta maker. Chef Karen lived, and cooked in Italy where she spent 5 months working at a small Pastificio learning to make pasta with the Nonnas of Modena. If pasta is the heart of this restaurant, then the wood-fired grill is the soul. the wood fired grill adds yet another dimension to the food and atmosphere of the restaurant. Four Spoons I 796 Beacon St, Newton 02459 Little Spoon I 952 Great Plain Ave, Needham 02492 Assembled by a friendly Thai group of friendship. A very well sophisticated four people have sincerely entered into the partnership with running a business together. This restaurant is built up with the nest of love, care, and attempt. We truly believe that Four Spoons will be thoroughly served & enthused to the dearest customers with happiness, joyfulness, and satisfaction. Our spoon would share the exquisite foods and delectable beverages from the kitchen. D.W. French 1391 Boylston St, Boston 02215 You may be most familiar with chef Douglass Williams as the force behind Mida, Boston’s excellent Italian restaurant dishing out cheesy focaccia, pizza, & plates of creamy gnocchi cacio e pepe at locations in the South End, Newton, and East Boston. The chef has built an ode to French food and culture, nodding to a core part of his culinary training. The Fenway brasserie is a glamorous stop for garlicky escargot, beef bourguignon sandwiches, steak and tuna tartare, and regional cheese and charcuterie boards. 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 46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194
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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.
CRAFTING BESPOKE HOMEBUYING EXPERIENCES IN BOSTON.
WE ARE ENGEL & VÖLKERS. It’s an exciting time in the real estate market in Boston. Jayne is an International Real Estate Advisor with Engel & Völkers Boston, part of a premium global network of real estate professionals. As a Real Estate Advisor, Jayne has worked with clients from ages 19-95. She is detail oriented and takes an analytical approach to real estate through extensive research to give sellers and buyers relevant data in order to make the right decision whether they are first-time home buyers or long-time investors. She has substantial experience in home renovations and historic restoration, having completed multiple projects. Jayne has a reputation as a tough negotiator, and has worked closely with landlords, asset managers, building engineers, insurance consultants, lease administrators, home inspectors, attorneys, and mortgage brokers. Learn more at jaynekramer.com Jayne D. Kramer - Engel & Völkers Boston International Real Estate Advisor I Associate Broker 46 Gloucester Street Boston, MA 02115 Mobile: 617.266.6006 jayne.kramer@evrealestate.com
©2019 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
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VISIT US ONLINE OR AT ONE OF OUR SHOPS Engel & Völkers Back Bay 46 Gloucester Street Boston, MA 02115
617-936-4194
Engel & Völkers North End/ Waterfront 345 Hanover Street Boston, MA 02113
617-936-4194
Engel & Völkers Newton 77 Union Street Newton, MA 02459
857-297-2000
boston.evrealestate.com
Engel & Völkers S. Boston/ Seaport 493 E. Broadway Boston, MA 02127
617-294-1103