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
5. $5.9 Million – Boylston Street – 2 Bedroom, 2.1 Bath spanning 3222 Square Feet
4. $5.9 Million – Marlborough Street – 3 Bedroom, 4 Full Bath, 2 Half Bath Condo Spanning 5841 Square Feet
3. $7.95 Million – Boylston Street – 4022 Square Foot Condo with 3 Bedrooms and 4 Full Baths
2. $12.7 Million – Boylston Street – 4922 Square Foot with 3 Bedrooms, 2.1 Baths
1. $16.990 Million – Boylston Street – 8,000 Square Foot Penthouse Apartment
Top 5 Most Expensive Homes in Beacon Hill
5. $1.975 Million – Providence Street – 2 Bedroom, 2 Full Bath Built in 2009 spanning 1507 Square Feet
4. $2.15 Million – West Cedar Street – 3 Bedroom, 2.1 Bath Condo with 2481 Square Feet
3. $2.95 Million – Mount Vernon Street – 2747 Square Foot Condo with 3 Bedrooms, 3.1 Baths
2. $3.799 Million – Beacon Street – 3075 Square Foot Condo with 3 Bedrooms and 2.1 Baths
1. $9.950 Million – Beacon Street – 4 Bedroom, 3.1 Bath Condo Spanning 5000 Square Feet
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.