Average condo sales prices per square foot
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Last week Curbed Boston posted this image from the Collaborative Companies which shows the average condo sales prices per square foot in a number of Boston neighborhoods and surrounding towns.
Laura Ahmes-Gollinger from the Collaborative Companies explains in the post how this is impacting younger would-be buyers and renters,”The effect of this migration causes a gentrification of these neighborhoods as these new buyers (and renters) demand the residential infrastructure necessary to support their live/work/play convenient urban lifestyles. Somerville is a great example of this with the huge foodie scene, extension of the green line in planning, and the major plans for development and residential housing that we will see in the coming years. In contrast, foreign buyers and empty-nesters will continue to live in the heart of the city and are willing to pay high prices for these amenity-rich, full-service, maintenance-free lifestyles.”
The map makes Southie still look like a deal – that is if you can still find any since inventory is snapped up in hours. You can read the full article here.
BosGuy 