How do you deal with an issue like Boston? Because of its patchwork structure, the area may be intimidating to visitors and locals alike—especially when it comes to choosing where to call home.
As the 2022s begin, this is particularly true. Tens of thousands of new apartments and condominiums are expected to be built over the next decade, not to mention the millions of square feet of commercial space that will also be built. Myriad communities and towns have lost their distinct identities as a result of this new growth. The task of deciding on a place to call home just became a whole lot tougher.
Fear not, though. Take a deep breath and reflect on the following seven points as we enter the new decade. Also most of the buyers also look for home remodeling service Boston, let us know and we will clear that special topic.
Price is not an issue for them (re: not astronomically expensive, as is typical of much of Greater Boston). They’re also within walking distance of Boston’s business district. And! A lot is going on in each of them, yet they aren’t boring or stale. Here are the places where to live in Boston.
- Charlestown
Overlooking the Charles River, Boston’s oldest neighborhood is just a short Orange Line or bus journey from the city’s central business district. Bunker Hill Monument, 1830s townhouses, and the oldest pub in Massachusetts are just a few examples of the area’s combination of history and contemporary street-level activity. Charlestown is a hive of activity and a short walk away.
The cost is reasonable as well. Boston-based research company the Warren Group reports that Charlestown’s typical condo selling cost was $715,500 in 2019. A few thousand more than in 2018, and a big increase over 2008’s $415,000 total. Even yet, the city’s average apartment price is $705,000.
Charlestown’s famed townhouses, on the other hand, are a different story. In 2019, the typical price for a single-family home in the neighborhood was $1.2 million, an increase of $200,000 over the previous year, and over twice the citywide median of $625,000.
- Chelsea
A municipality in Massachusetts declared bankruptcy for the first time since the Great Depression in 1991 when Chelsea. Because of its proximity to downtown Boston, it has been steadily coming back ever since, and presently provides the most competitive home rates in the greater Boston area.
There are also three- and four-bedroom homes for sale in Chelsea that would cost the same in Boston or Cambridge if they weren’t located in Chelsea. A Chelsea condo sold for $375,000 on average in 2019, while a single-family home sold for $445,000 on average, according to the Warren Group.
- Boston’s East Side
In the foreseeable future, Eastie will be in the same price bracket as the North End and the Government Center. This is mostly owing to the tidal wave of construction that has engulfed the area in recent years, the majority of which has been on or near the coastline.
That much is clear from the data. In 2010, the average East Boston apartment sold for $212,500. Amount in 2019: $572,500 Warren Group reports that the median price of a single-family home has risen from $216,075 at the beginning of the decade to $599,500.
But! For the most part, these values fall significantly below citywide averages. See where we’re headed? Given its proximity to downtown Boston, Eastie is still an excellent value. If you wait much longer, you’ll miss out on this opportunity. These are the facts.
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