Greater Boston Market Trends I Carmelo Bari I Fall 2023

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Greater Boston Market Trends Fall 2023

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Recently Sold by Engel & Völkers

27 Williams St I $985,000

50 Driscoll St I $627,500

5 Irving Rd I $1,150,000

520 High St, Unit 24 I $570,000

191 Washington, Unit 315 I $590,000

41 Centre St, Unit 408 I $875,000

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194

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790 E Fourth St, Unit 2 I $630,000

29 Day St I $2,142,500

549 Columbus Ave, Unit 1 I $575,000

53 Corey St, Unit 3S I $685,000

330 Beacon St, Unit 115 I $2,200,000 (UAG)

295 Beacon St, Unit 42 I $1,575,000 (UAG)

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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 the 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 Fall 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 Carmelo Bari Bio

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©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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Fall Property Spotlight 147 Prospect St, #1 I Cambridge 4 Bedrooms I 3.5 Bathrooms I 2,537 sq ft I 2 Parking Spaces Tucked away on a private driveway awaits an exquisite Dutch style home serving as your oasis in the heart of Cambridge. As you approach the home, you are greeted with a grand formal entry with beautiful double-height ceilings and oversized windows flooding the space in natural light. Perfectly balanced with sleek and sophisticated details, the main level includes a formal living room, chef’s kitchen with a waterfall peninsula, custom cabinetry, and topof-the-line appliances. French doors lead from the family room to a serene backyard showcasing a picturesque patio, garden, and multilevel spaces for lounging and privacy.

55 Addington Rd, #1 I Brookline Meticulously Renovated I 3 Bedrooms I 2.5 Bathrooms I 1,691sq ft

Meticulously gut-renovated in 2018, this 3-bed 2.5 bath residence nestled on the leafy street of 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 double-sized custom shower. Ample storage abounds, with a capacious walk-in primary closet and built-in closet systems in every bedroom.Direct access to a designated parking spot

492 Beacon St, Unit 82 I Back Bay Garage Parking I 3 Bedrooms I 2.5 Bathrooms I ,1660 sq ft

Nestled within the historic charm of Boston’s Back Bay, this stunning condo is a true gem. Spanning 1,660 sq ft, this 3 bed/2.5 bath residence is a unique blend of modern luxury and timeless character. Located in a full-service building that was once a church, this property offers the privacy and space of a stand-alone townhouse while enjoying the conveniences of a fullservice luxury building. Sunlight bathes the interiors, showcasing the brand-new kitchen and inviting living area with a cozy fireplace. Primary bedroom stuns with soaring ceilings and cityscape and courtyard views complete w/ a perfect home office or meditation nook.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194

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Fall Property Spotlight 5 Sagamore Place I Lynnfield Private Cul-de-sac I 5 Bedrooms I 4+ Bathrooms I 7,176 sq ft Perched atop 1.5 acres spanning a beautiful sloping grass hill and overlooking 600 acres of conservation land. Designed as an open concept home, the floor plan is perfectly suited for entertaining and ease of daily living. The first floor includes a large living room, 4 season room, and bonus room used as a sunny office or playroom. A gracious dining room is complete with wainscoting and coffered ceiling molding. A luxury kitchen outfitted with an oversized quartz island seating 9 people and large pantry. A lower level patio/deck highlighting a spectacular heated gunite pool. Possible in-law apartment, flexible floor plan.

485-495 Harrison Ave, Unit 3509 I South End The Harrison Lofts I 2 Bedrooms I 2 Bathrooms I 1,386 sq ft

Stunning and spacious corner unit at The Harrison Lofts. Expansive 2-bed laid out of just under 1,400sq ft leaves opportunity for an easy addition of a third bedroom. Double wide entryway doors open to a chef’s dream kitchen featuring stainless steel appliances, gas cooktop, quartz island, and ample storage including a separate pantry. Incredible sunlight from NW exposure bathes a large living/dining/entertaining space featuring custom built-ins and city views.

King sized primary bedroom with walk-in closet and en-suite marble bathroom. Spacious second bedroom with ample closet storage and adjacent second marble bath. Brand new common roof deck overlooking Back Bay. Garage parking available for purchase.

300 Boylston St, #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

Q3 2022

83

57

$1,488,218

97%

Q3 2023

111

59

$2,977,101

98%

Data per MLSPIN

Back Bay’s rich history and 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 due to the Raffles Boston having 25+ closings this quarter. Average sales price jumped drastically by 100% due to the closings in our newest luxury building.

Check out the Raffles Dining experience it is extraordinary. The current average list price for a condo in Back Bay is $4,442,981 with 130 units on the market.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194

Back Bay condos Average price per square foot (Q3) 2020

$1,215

2021

$1,327

2022

$1,248

2023

$1,789

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Back Bay Featured Listings

110 Stuart St, #PH1 I $1,895,000

492 Beacon St, #STH I $1,975,000

274 Beacon St, #2R I $2,250,000

1 Huntington Ave, #408 I 2,498,000

295 Beacon St, #42 I $1,575,000

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

Q3 2022

30

46

$1,423,453

98%

Q3 2023

32

61

$1,672,334

99%

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 remained steady year-over-year in the third quarter.

Average sale price increased by 17%.

Days on market has increased 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 $4,088,617 with 30 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 (Q3) 2020

$1,201

2021

$1,197

2022

$1,194

2023

$1,266

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Brookline Neighborhood Market Trends

Brookline Neighborhood Statistics Listings Sold

Days on Market

Average Sale Price

Sale to List Price Ratio

Q3 2022

104

39

$1,057,662

100%

Q3 2023

109

34

$1,165,234

100%

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 (Q3) an acclaimed public school system make it singularly appealing. The number of condos 2020 $734 sold increased year-over-year for the third $727 quarter. The average sales price increased 2021 and days on market remained steady $782 showing a well paced market. The current 2022 average list price for a condo in Brookline 2023 $781 is $1,500,960 with 75 active listings. The single family market remains fast moving with only 24 homes for sale with an average list price of $5,500,746

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Cambridge Neighborhood Market Trends

Cambridge Neighborhood Statistics Listings Sold

Days on Market

Average Sale Price

Sale to List Price Ratio

Q3 2022

151

29

$1,083,103

101%

Q3 2023

143

38

$1,059,412

101%

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 5% year-overyear in the third 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 finish 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 (Q3) 2020 2021 2022 2023

$835 $874 $888 $938

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Cambridge I Just Listed 147 Prospect Street, Unit 1

Tucked away on a private driveway awaits an exquisite Dutch style home serving as your oasis in the heart of Cambridge. As you approach the home, you are greeted with a grand formal entry with beautiful double-height ceilings and oversized windows flooding the space in natural light. Perfectly balanced with sleek and sophisticated details, the main level includes a formal living room, chef’s kitchen with a waterfall peninsula, custom cabinetry, and top-of-the-line appliances. French doors lead from the family room to a serene backyard showcasing a picturesque patio, garden, and multilevel spaces for lounging and privacy. Additional amenities include a fully finished lower level featuring a spacious family room, wet bar with an entertaining space, a guest bedroom and a full bathroom.

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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 Q3 2020

58 63

31 25

$831,234 $900,209

100% 101%

Q2 2023 Q3 2021

145 40

79 24

$853,720 $892,248

101% 100%

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 37%. 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 (Q3) 2020

$764

2019 2021

$726 $764

2022

$819

2021 2023

$765$843

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Charlestown I Just Listed 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

Q3 2022

90

22

$756,523

103%

Q3 2023

89

40

$670,739

102%

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 third quarter. Days on market increased a bit and average sales price decreased 11%.

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 (Q3) 2020 2021

$570 $596

2022

$609

2023

$607

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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

Q3 2022

65

31

$696,096

102%

Q3 2023

77

19

$744,249

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 increased 38% and days on market decreased in the third quarter.

Selling prices are still going over their list price and the average sales price increased 7%, the market is certainly showing signs of a strong quarter ahead. Over the past four years the “price per square foot” has remained steady and increased year-overyear.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194

Medford condos Average price per square foot (Q3) 2020 2021 2022 2023

$453 $506 $509 $580

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Medford I Offer Accepted 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

Q3 2022

13

123

$1,703,346

98%

Q3 2023

33

58

$2,615,962

98%

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 54% with an average list price currently at $3,839,669 and 74 units on the market for sale, 23 of which are at Winthrop Center. Number of listings sold increased drastically, while days on market decreased by 53%.

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 (Q3) 2020

$1,055

2021

$1,069

2022 2023

$1,192 $1,593

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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

Q3 2022

168

32

$2,086,084

101%

Q3 2023

133

33

$2,046,588

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 21% year-overyear for the third quarter. In addition, the average sales price of a home decreased slightly, but are consistently going close to 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 (Q3) 2020 2021

$491 $534

2022

$571

2023

$583

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Property Feature 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

Q3 2022

27

49

$923,848

98%

Q3 2023

15

64

$822,433

97%

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 fall 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 (Q3) 2020 2021 2022 2023

$908 $940 $1,027 $1,051

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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

Q3 2022

14

71

$1,460,164

99%

Q3 2023

12

128

$3,073,500

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 (Q3) sold remained steady in the third quarter.

20 The average sale price more than doubled 2020 $1,618 in the third quarter! Many units in these luxury buildings are selling, continuing 2021 $1,675 to drive both activity and pricing in the $1,557 neighborhood up. The St. Regis has 2022 officially joined the neighborhood and is 2023 $1,998 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

Q3 2022

156

33

$852,471

100%

Q3 2023

113

52

$939,347

100%

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 28% year-over-year in the third 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 (Q3) 2020 2021

$637 $678

2022

$725

2023

$705

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Somerville I Featured Listing 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

Q3 2022

140

36

$1,260,331

100%

Q3 2023

139

36

$1,392,239

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 third quarter remained steady. The average sales price did increase 11%. The ratio of sale to list price (this is the amount buyers can expect to pay) dropped a bit. We are looking forward to seeing more inventory coming on soon, hopefully! There are currently 109 condos on the market with an average list price of $1,721,033.

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194

South End condos Average price per square foot (Q3) 2020

$1,037

2021

$1,034

2022 2023

$1,125 $1,140

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South End I Back on Market 485 Harrison Ave, Unit 3509

Stunning and spacious corner unit at The Harrison Lofts. Expansive 2-bed laid out of just under 1,400sq ft leaves opportunity for an easy addition of a third bedroom. Double wide entryway doors open to a chef’s dream kitchen featuring stainless steel appliances, gas cooktop, quartz island, and ample storage including a separate pantry. Incredible sunlight bathes a large living/dining/ entertaining space featuring custom built-ins and city views. King sized primary bedroom with walkin closet and en-suite marble bathroom. Spacious second bedroom with ample closet storage and adjacent second marble bath. The unit is complete with central AC / Heat, more storage, hardwood floors in a professionally managed building with a brand new common roof deck overlooking Back Bay. Steps away from some of the best shops and restaurants Boston has to offer, public transportation, and situated close to the highway, don’t miss out! Garage parking available for purchase.

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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

Q3 2022

142

33

$846,958

99%

Q3 2023

102

40

$852,696

99%

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 decreased 28% year-over-year for the third quarter.

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 (Q3) 2020 2021

$751 $806

2022

$795

2023

$804

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South Boston I Featured Property 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

Q3 2022

30

56

$1,482,033

96%

Q3 2023

26

97

$1,467,519

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 decreased 13% year-over-year for the third quarter. The ratio of sale to list price increased and the average days on market increased 73%. The average price per square foot has remained consistent.

With 17 units currently under agreement in the Waterfront and 45 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 (Q3) 2020

$995

2020

$1,093

2022

$1,071

2023

$1,104

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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

Q3 2022

4

44

$574,688

96%

Q3 2023

5

165

$463,960

99%

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 10 condos on the market with an average list price of $650,940 and 2 under agreement.

West End condos Average price per square foot (Q3) 2020

$636

2021

$642

2022

$674

2023

$661

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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 Ivory Pearl 1704 Beacon St, Brookline 02445 Ivory Pearl is a seafood-focused restaurant and raw bar. Simple cooking and refined presentation is the backbone of the culinary program. It’s supported by a passion for sourcing the best ingredients from New England and around the world. We will always be thinking about sustainability and supporting our local farmers and vendors who we have built relationships with over the years. A place where everyone is accepted and everyone’s ideas are heard. A culture of togetherness.

Eastern Standard 775 Beacon St, Boston 02215 Eastern Standard is finally back. Here’s what you can expect. Boston’s beloved brasserie and bar from Garrett Harker returns in a new location with nostalgic nods to the original. “We’re so excited to be home again,” Harker told Boston.com. “While we’ve been on a little break, we’re excited to pick up where we left off and to provide a really dynamic dining room for the city.” Celebrated for its convivial and classic vibe it is truly a place for everyone.

Jiang Nan Boston 177 Tremont St, Boston 02111 Elegant Chinese restaurant Jiang Nan is a popular stop in NYC, this is its first appearance in Boston — and there are lines out the door at dinnertime.

JIANG NAN inherits the ethnic cooking skills of Chinese cuisine, featuring Peking Duck, Xiao Long Bao, Grill Fish etc, as the signature dishes. We serve not only indulgent and comforting dining experiences, but also consistently high-quality food and ingredients with superior customer service.

Boston Burger Company Harvard Sq, Back Bay, Salem, Somerville This is the place to go for absolutely over-the-top burgers. Think stacked-tall combinations such as peanut butter, bacon, and fried cinnamon-and-sugar bananas (The King); mozzarella sticks, fried macaroni and cheese, onion rings, fries, bacon, golden barbecue sauce, and American cheese (the aptly named 420 Burger); and bacon, a stack of beer-battered onion rings, honey barbecue sauce, and American cheese (Killer Bee). Top off your meal with a famous “Freak Frappe”!

46 Gloucester Street • Boston, MA • 02115 boston.evrealestate.com 617-936-4194

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This year, our 60 Minutes for Special Olympics Event raised over $55,000 in a single day!

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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.

Carmelo is proud to be a part of Engel & Völkers. He is a seasoned entrepreneur, owning and operating some of Cambridge and Boston’s favorite restaurants and bars. Real estate has always been a big part of Carmelo’s life; over the past 15 years, Carmelo has owned and managed many multi-unit homes in the Greater Boston area. Carmelo’s guiding principle is simply to provide VIP service to every client and to share his market intelligence and insight every step of the way. Carmelo has experience working with professional, high-profile clients, adeptly meeting their every need with care. As his client, you will gain a dedicated partner who will focus on your best interests as he helps you achieve your real estate objectives.

For more information please visit carmelobari.evrealestate.com

Carmelo Bari Engel & Völkers Boston 46 Gloucester St Boston, MA 02115 781.724.8545 carmelo.bari@evrealesate.com

VISIT US ONLINE OR AT ONE OF OUR SHOPS Engel & Völkers Back Bay 46 Gloucester Street Boston, MA 02115

617-936-4194

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617-936-4194

Engel & Völkers Newton 77 Union Street Newton, MA 02459

857-297-2000

boston.evrealestate.com

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617-294-1103