The most expensive neighborhood in Boston for condos by average list price is the Back Bay. Since January of 2010, the average condo is listed for $1,587,184 vs. $1,030,026 in Beacon Hill. The average sold condo in the Back Bay comes in at $1,254,137 compared to $811,938.
Another indicator is to look at the price per square foot in the different Boston, MA Neighborhoods. Currently the average price per square foot being offered in the Back Bay is $645 compared to $870 a square foot in Beacon Hill.
Another way to look and figure out what the most expensive neighborhood in Boston, MA is to look at the range of properties for sale. Currently as of April 16th, there are 84 properties for sale ranging from a 336 square foot studio listed at $249,000 to a sprawling 5000 square foot 4 Bedroom condo with the sellers asking $9.950 million. The Back Bay is a bigger neighborhood, so therefore there are more homes and a larger range. It will take $209,000 to buy a 401 square foot studio in the Back Bay and ranges to $16.990 million for an 8,000 square foot Penthouse.
So what is the verdict on what is the most expensive neighborhood in Boston? I consider it a draw… Both neighborhoods are great investments for a buyer looking to purchase a new home and sellers have enjoyed steady values on their homes, even through one of the worst markets since the great depression.
Top 5 Most Expensive Homes in Back Bay
Top 5 Most Expensive Homes in Beacon Hill
Whether you are thinking about buying or selling a home in Boston including the Back Bay or Beacon Hill, then give Jeffrey Chubb of RE/MAX Select a call today. His years of experience, aggressive marketing packages and tough as nails negotiations tactics help his sellers sell their homes faster and for money while buyers enjoy an average purchase price that beats his competitors. You can reach Jeffrey at 617-480-2600 or visit him on the web at www.MoveWithChubb.com. All figures are considered reliable, but not guaranteed and were compiled from mlspin.