Beacon Hill spans roughly one-square mile and is one of New England’s most sought-after neighborhoods with its tranquil charm and historic roots dating back nearly 400 years. Beautiful brownstones and row houses fill the tree-lined cobblestone streets and maintain the 19th century charm with authentic gas-lit lanterns.
While Beacon Hill is certainly a quiet residential neighborhood, the area offers an abundance of options for shopping and dining. One of the most charming streets in the neighborhood, Charles Street, boasts specialty boutiques, sidewalk coffee shops and fine dining.
Just a short walk to Back Bay, the North End, and Midtown, Beacon Hill provides residents access to even more dining, entertainment, and shopping experiences. The neighborhood also borders the Esplanade and the northern portion of the Boston Common and Public Garden, perfect for afternoon strolls or runs along the Charles River.
Much like we saw in Back Bay, we saw a dramatic 50% decline in total units closed compared to Q2 2019 (60 last year, versus 30 closings this year).
Historically, Boston’s most exclusive (and oldest) submarket, there have been only a few new developments of any scale.
The Archer Residences, slated to deliver in summer of 2020, was delayed to fall 2020 due to the COVID-19 pandemic.
Last year Q2 – 40 Beacon – a five unit luxury condo located on the Boston Common, delivered three units (priced at $4.75M, 9.75M, and a whopping $15.75M), which drove up prices significantly. In Q2 2020, no new multiple unit condo building delivered in Beacon Hill.