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Condo prices in Seaport and Back Bay soar
Average sale prices drop year over year in Charlestown, Beacon Hill, and South End.
The average sales price of a condo in the Seaport and Back Bay surged in the third quarter this year, according to a report Douglas Elliman Real Estate released Thursday.
The average sale prices of $1,573,159 in the Back Bay and $2,319,610 in the Seaport in the third quarter reflect cost jumps of 63.9% and 61.3% year over year.
Meanwhile, the average cost per square foot hit a record high in Downtown Boston: $1,360. And sales rose year over year there for the first time in seven quarters, according to the report.
In a faint ray of hope for condo buyers, prices slipped, but only slightly, in Charlestown, the Back Bay, and the South End, Douglas Elliman reported.
| NEIGHBORHOOD | Q3 AVERAGE SALES PRICE | % CHANGE Y-O-Y | COST PER SQ. FT. |
|---|---|---|---|
| DOWNTOWN | $1,599,421 | 32.5% | $1,360 |
| BACK BAY | $2,860,794 | 63.9% | $2,145 |
| BEACON HILL | $1,573,159 | -5.1% | $1,322 |
| CHARLESTOWN | $886,281 | -7.1% | $822 |
| FENWAY | $964,133 | 3.4% | $1,127 |
| MIDTOWN | $2,049,979 | 12% | $1,535 |
| NORTH END | $1,004,832 | 6.8% | $1,040 |
| SEAPORT | $2,319,610 | 61.3% | $1,816 |
| SOUTH BOSTON | $876,760 | 10.8% | $799 |
| SOUTH END | $1,312,993 | -2.9% | $1,125 |
| WATERFRONT | $1,618,639 | 30.9% | $1,264 |
| WEST END | $728,603 | 14.2% | $744 |
| DOWNTOWN BOSTON LUXURY* | $6,050,150 | 74.2% | $2,478 |
* Downtown Boston – Luxury reflects the top 10% of sales.
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