Real Estate

Boston's Top Neighborhoods of 2016

Boston's Top Neighborhoods of 2016

top-neighborhoods-blog

 

With 2016 behind us, it's time to take a look at the numbers that defined the year in the Boston real estate market. Overall sales in Boston last year were $4,882,326,526, which represents an 11% increase over 2015. Of course, the big story of 2016 was the opening of Millennium Tower, which helped propel Midtown to the #4 spot, in terms of sales volume amongst neighborhoods for the year.

Using sales data accumulated from MLS-PIN, we have compiled the list of Boston's Top 10 neighborhoods in 2016 (according to overall sales volume). We have also provided the data from 2015, to gain an easy understanding of how the market changed in each neighborhood over the past year. Where does your neighborhood rank?

 

1. Back Bay

1-back-bay

2015

Sales Volume: $721,215,761 ( -.25%)
Units Sold: 398 (-.25%)
Average Sale Price: $1,812,100 ( -.006%)
Days on Market: 59 ( +13.6%)


2. South End

2-south-end

2015

Sales Volume: $643,840,514 (-8.8%)
Units Sold: 586 (-13.1%)
Average Sale Price: $1,098,704 (+5%)
Days on Market: 45 (-11.1%)


3. South Boston

3-south-boston

2015

Sales Volume: $420,180,497 (+7.7%)
Units Sold: 678 (-7.7%)
Average Sale Price: $1,098,704 (+5%)
Days on Market: 59 (-11.1%)


4. Midtown

4-midtown

2015

Sales Volume: $133,328,308 (+200%)
Units Sold: 84 (+103.6%)
Average Sale Price: $1,587,242 (+47.3%)
Days on Market: 88 (-12.5%)


5. Jamaica Plain

5-jamaica-plain

2015

Sales Volume: $333,775,651 (+4.3%)
Units Sold: 561 (-3.9%)
Average Sale Price: $594,966 (+8.6%)
Days on Market: 35 (+8.6%)


6. Dorchester

6-dorchester

2015

Sales Volume: $308,942,841 (+8.5%)
Units Sold: 692 (-4.3%)
Average Sale Price: $446,449 (+13.4%)
Days on Market: 54 (+14.8%)


7. Charlestown

7-charlestown

2015

Sales Volume: $278,022,482 (-4.1%)
Units Sold: 386 (-10.4%)
Average Sale Price: $720,265 (+7%)
Days on Market: 44 (-9.1%)


8. Beacon Hill

8-beacon-hill

2015

Sales Volume: $225,660,430 (-12%)
Units Sold: 174 (-13.8%)
Average Sale Price: $1,320,630 (+.3%)
Days on Market: 53 (+7.5%)


9. East Boston

9-east-boston

2015

Sales Volume: $102,498,255 (+22.8%)
Units Sold: 235 (+9.3%)
Average Sale Price: $442,339 (+10.7%)
Days on Market: 55 (-3.6%)


10. North End

10-north-end

2015

Sales Volume: $51,544,042 (+49.6%)
Units Sold: 80 (+6.3%)
Average Sale Price: $644,301 (+40.8%)
Days on Market: 41 (-2.4%)

 

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