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Boston Condo Prices Continue to Dominate

Nearly every Boston neighborhood saw increases in 2015 as the Massachusetts real estate market continues to flourish. Click here to read our full Boston Market Report including single family, condominium, and multi family home statistics throughout the city. 

In a surprising turn of events, South End condo prices surpassed Beacon Hill in 2015, surging 14.9% to an average sale price of $983,404. With this increase, the South End has secured its spot as the second most expensive neighborhood in the city. Beacon Hill, on the other hand, saw a slight reduction of 2.6% to an average sale price of $842,633. The Back Bay continues to demand the condo market, rising 8.8% in 2015 to an average price of $1,613,552. The number of units sold in Charlestown increased from 262 to 319, accompanying a 7.6% rise in price. South Boston and Dorchester also jumped 13.4% and 12.2% respectively. 

Both Allston and Brighton saw magnificent leaps in condo values with increases of 18.1% and 21.3% respectively. Allston's average sale price now sits at $398,188 with 55 days on the market. Brighton condos' average sale price broke the $400,000 mark at $402,136 with a mere 31 days on the market. 

Review our full report including residential market data from 2006 through 2015. 

Jamaica Plain condo home values continued to climb in 2015 reaching an average sale price of $511,136, up 9.2% from 2014. Roslindale and West Roxbury saw historic leaps, jumping 13.0% to $366,614 and 19.8% to $342,657 respectively. These neighborhoods also saw significant rises in the prices of single family and multifamily homes. 

The positive changes in the market will continue to be true in 2016, but will require sophisticated navigation to ensure success. Dwell360's real estate agents use an innovative and progressive marketing approach to connect with today’s buyer. We combine a positive attitude, state-of-the-art digital marketing, and time-tested marketing tools that create an impact. Contact us to navigate through this changing time in real estate with agents both progressive and experienced in today’s market.

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