When comparing some of the popular downtown neighborhoods of Boston, the data shows buyers get more for their money in the South End than they might in Back Bay or Beacon Hill. In the past 6 months, 12 condos and 9 single family homes were sold in the South End for the $2 million range. The average sale price per square foot for single family property was $619 with an average living area of 3318 square feet. The average sale price per square foot for a condo was $837 with an average living area of 2407 square feet. The difference being many of the condos are in new construction, full-service buildings.
Located on a quiet one way street that runs the 2 blocks between Dartmouth Street and Berkeley Street, this renovated single family home was originally listed for $1,795,000. With 3 bedroom, 2.5 bathroom home sold in 17 days for $1,775,000.
This single family home is a perfect example of why pricing your home to sell is crucial in getting it sold. This 5700 square foot Victorian townhouse featured 6 bedrooms, 3 full bathrooms, and 2 half bathrooms. This home was renovated from top to bottom with no detail unnoticed and sat on the market for 586 days. I don’t know all the details about why it sat for long, but according to the MLS data it was listed in January 2011 for $3.5 million. The first price reduction was in October 2011 to $2.779 million and eventually expired at the end of online casino December. Then came back on the market in January 2012 for $2.629 million and was reduced again to $2.575 million in February. This single family was then re-listed with another office at the end of September 2012 for $2.575 million and was sold in 17 days for $2.325 million.
This home could have sat on the market for many reasons and I don’t know the particulars but based on the data, price may have been a major issue.
Wilkes Passage is a new construction, full service, luxury condo located on Washington Street. This 3 bedroom 2 bath 1892 square foot condo was tasteful, elegant, and spacious. Listed for $1,695,000 and sold for $1,775,000 in 3 days making it $938 per square foot, parking sold separate.
Union Park is perhaps the most desired street in the South End, which mean properties on Union Park are priced and sold at a premium. This condo featured 3 bedrooms, 3.5 bathrooms, high ceilings, original details, private patio, and parking. At 3,165 square foot, this parlor triplex was listed for $1,895,000 and sold for $1,842,500 in 9 days.
The South End offers living options for multiple lifestyles and at $2 million in the South End, a buyer can find something spectacular.