Greater
Boston Market Trends
Summer 2023
E Fourth St, #3 I $549,900
Beacon Street I $3,890,000
108 Gainsborough St, #4W I $589,000
106 Browne St, #2 I $950,000
287 Marlborough St, #C I $1,200,000
172 Green St, #5 I $850,000
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.
Engel & Völkers Americas Year in Review: Finishing out the year strong !
2023 Q2 Year in Review Video
Summer Property Spotlight
580 Washington St, #208 I Midtown
3 Bedrooms I 3 Bathrooms I 1,684 sq ft I Valet Parking
Corner unit with dramatic views of Washington St & Avenue de Lafayette. Freshly painted with sparkling new oak floors, the well-maintained kitchen features custom cabinetry, glass backsplash, granite countertops & Bosch appliances. The oversized living room with floor-to-ceiling windows is an ideal space for entertaining. Sound proof windows protect you from any lively city noise. Millennium Place offers 24-hour full-service concierge with the highest level of amenities, including valet garage parking, a resident club level with fitness center, private dining room, children’s play room, movie theatre, a private spa, and a yoga/pilates room.
27 Williams Street I Newton Single Family I 3 Bedrooms I 1.5 Bathrooms I 1,911sq ft
A charming single family with detached garage located on a quiet cul-de-sac yet close to everything! Great starter home, downsizing or in-between! First floor was completely renovated in 2008 making it modern and move-in ready. Enjoy a cozy living room with electric fireplace for ambience, large dining room, stylish kitchen, and new half bath on first floor. Spacious kitchen includes stainless steel appliances, gas cooking, custom built-in dry bar, and area for a kitchen table. Second floor has three sizable bedrooms and gorgeous marble bath with rain shower and deep jacuzzi tub. Appreciate a fully landscaped yard with wood deck, paved driveway, and Charles River Pathway at the end of the road.
191 Washington Street, Unit 315 I Brighton
New Construction I 1 Bedroom I 1 Bathroom I 498 sq ft
Luxury junior 1 bedroom at Stratus in Brighton is one of the few homes in the complex designed with a huge private patio which leads to additional common outdoor space. White kitchen has Bosch appliances including paneled refrigerator and dishwasher, and a stainless range and microwave. Wood flooring, In-unit laundry, Central AC, and bathroom with tiled shower and storage. Building amenities include Concierge, Fitness Center, Sauna, Pool, Library, Large Common Terrace with Grilling Station and Fire Pits on 3rd floor and Sky Lounge, Roof Deck and Game Lounge on 6th floor.
Summer Property Spotlight
485 Harrison Avenue, Unit 3509 I South End
Deeded Garage Parking I 2+ Bedrooms I 2 Bathroom I 1,386 sq ft
Stunning, spacious corner unit at The Harrison Lofts. Expansive 2 bed leaves opportunity for an easy addition of a 3rd bedroom. Double wide entryway doors open to a chef’s dream kitchen featuring stainless steel appliances, gas cooktop, quartz island, and ample storage. Incredible sunlight from NW exposure 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. Deeded garage parking, professionally managed building, and a brand new common roof deck overlooking Back Bay to help celebrate its new owners.
150 Dorchester Ave, Unit 514 I South Boston
Allele Lofts I 2 Bedrooms I 2 Bathrooms I 1,557 sq ft
Allele Lofts is all about open space. This is a rare high floor corner unit home, floors are stunning carbonized, vertical grain Bamboo. 672 sqft open L/R, D/R with an office area, high ceilings, 9’+ floor-ceiling windows & stunning city views from all windows & from your priv roof patio area only 2 floors up. The Chef’s kitchen with Caeser Stone counters, high quality German-made cabinets & Jenn-Air / LG, stainless steel appliances. Spread out in the main bedroom, with 2 floor-ceiling windows, large walk-in closet, ensuite bath with walk in shower, rain head & handheld, vessel sink & European style fixtures. A 2nd full bath is similar but offers a tub for convenience. 1 Garage Parking & full size W/D checks all the boxes.
1
Huntington
Ave, #408 I Back Bay
Valet Parking I 2 Bedrooms I 2 Bathrooms I 1,588 sq ft
Oversized 2 bedroom 2 bath in Trinity Place! Big open living area with dining and sitting alcoves sunlit by south facing windows and wood flooring. White chef’s kitchen is fully applianced and offers tons of cabinet storage with adjacent laundry and full bath. Both bedrooms are quite generous, each with double closets and lovely light. Primary includes a big en-suite bath. Building amenities include lovely common areas with 24/7 concierge and gym, spa/ massage room. Delightful Back Bay/Copley Square location with world class dining, shopping, nightlife and culture at your doorstep and around every corner. Your spot to enjoy city living at its finest!
Back Bay Neighborhood Market Trends
Back Bay Neighborhood Statistics
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 BackBayandwecanattesttothemajestic bustle! The number of condos sold remained steady while the average days on market increased. Average sales price decreased by13%eveningoutthemarket. The current average list price for a condo in Back Bay is $4,758,944 with 129 units onthemarket.However,wemusttakeinto considerationthisincludesinventoryfrom ournewestluxurybuilding,Raffles.
Beacon Hill Neighborhood Market Trends
Beacon Hill Neighborhood Statistics
Brick row houses with beautiful doors and gaslit cobblestone sidewalks lined with window boxes all add to the charm and mystiquethatcanonlybefoundinBeacon Hill. The number of condos sold dropped nearly 50% year-over-year in the second quarter.Averagesalepricealsodecreased. 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 $3,559,625 with 24 units currently on the market.
Brookline Neighborhood Statistics
Brookline offers a rare mix of urban living in an attractive suburban atmosphere. Its variety of restaurants, shopping and iconic cultural institutions backdropped against an acclaimed public school system make it singularlyappealing.Thenumberofcondos sold dropped 12% year-over-year for the second quarter. The average sales price increased and days on market remained steady showing a well paced market. The current average list price for a condo in Brookline is $1,434,484 with 58 active listings. The single family market remains fastmovingwithonly17homesforsalewith anaveragelistpriceof$4,215,407
Cambridge Neighborhood Market Trends
Cambridge Neighborhood Statistics
Cambridge is located directly across the Charles River from Boston. It’s home to world famous universities, highly-rated publicschoolsandanimmensecivicpride in its vibrant cultural scene. The number of condos sold decreased 12% year-overyear in the second quarter. The average sales price increased slightly. 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 yourneighborhood.
Cambridge I Just Sold 5 Brattle Circle, Unit 5
Set in an idyllic place close to historic Brattle Street, this well-appointed and pristine 2012 townhouse is ready for you to move in.The open-concept layout, modern kitchen, charming gas fireplace and access to a private garden patio make it an ideal space for entertaining and gathering with friends and family. Tranquility can be found on the next levels in expansive and sun-filled en-suite bedrooms. Adjacent to the primary bedroom is a third bedroom that offers further possibilities - a nursery for a family, home office or library for the avid reader. With an additional room in the lower level, in-unit laundry, multi-zone central air-conditioning and the easy to use direct access two-car garage makes this the perfect home. Close proximity to Harvard Square, Charles River and easy travel to downtown, I- 90 and Route 2.
Charlestown
Neighborhood Market Trends
Charlestown Neighborhood Statistics
Charlestownissteepedinhistorywithbrick townhousesinawaterfrontneighborhood 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 35%. The average days on market increased 25%, and the averagesalepriceincreased14%.Overthe pastfouryearsthe“pricepersquarefoot” has remained very steady. We recently listed and sold a fabulous single family in your neighborhood for top price- call for more information!
Jamaica Plain Neighborhood Market Trends
Jamaica Plain Neighborhood Statistics
Jamaica Plain is a beloved neighborhood intensely proud of its diverse population and politics with serene green spaces aroundJamaicaPondandthroughoutthe vast Arnold Arboretum and Franklin Park. The number of condos sold decreased 38% year-over-year for the second quarter. Days on market increased a bit and average sales price remained steady - all signs of a strong end to the Summer market and a busy Fall ahead! Over the pastfouryearsthe “pricepersquarefoot” hasremainedverysteady.
boston.evrealestate.com
Data per MLSPIN
Jamaica Plain Featured Listing
754 Centre St, Unit 15
Step outside your front door and enjoy being in the heart of Jamaica Plain! This spacious three bedroom corner penthouse condo in a historic Victorian brick building has awesome views, privacy, and tons of natural light from all directions. Enjoy an open layout designed for entertaining with fireplaced living room and 14 ft ceilings. Unit blends stylish upgrades and vintage charm, including in-unit laundry, stainless steel appliances, quartz counters, recessed lighting, stained glass transom, exposed brick, dark hardwoods, and large custom closets. Primary bedroom fits king-sized bed with room to spare! Enjoy two additional good-sized bedrooms great for roommates, guests or home office. Also included is a large exclusive use storage unit in basement. Great location close to hospitals, shops, restaurants, parks, Jamaica Pond, and public transportation. Professionally-managed condo association with a common courtyard and bike storage. Condo fee includes heat & hot water.
Medford Neighborhood Market Trends
Medford Neighborhood Statistics
Medford is one of Boston’s best kept secrets. It’s just minutes from downtown Boston, filled with fabulous restaurants, shopsandbars, pluseasyaccesstopublic transportation - who knew?! The number of condos sold decreased 26% while days on market increased in the second quarter. Selling prices are still going over their list price and the average sales price remaining steady, the market is certainly showing signs of a strong quarter ahead. Over the past four years the “price per squarefoot”hasremainedsteady.
Midtown Neighborhood Statistics
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 38% with an average list price currently at $3,686,233 and 73 units on the market forsale.Numberoflistingssoldincreased, whiledaysonmarketdecreasedby 56%. The full service market in the Midtown neighborhood is certainly coming back. Midtown’s newest development, The Residences at Winthrop Center is open and truly a stunning masterpiece. It is a mustseeproperty!
Newton Neighborhood Market Trends
Newton Neighborhood Statistics
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 Centrestopbyandvisitusanytime!Afterastrong push to move to the suburbs, the number of single family homes sold increased again by 38% year-over-year for the second quarter. In addition, the average salespriceofahomeincreased4%andis consistently going close to the list price. If you have ever considered selling your homeinNewton,nowisthetime!
Data per MLSPIN