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Charlestown

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Charlestown

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Charlestown

Historic & Captivating

Founded in 1629, Charlestown is Boston’s oldest neighborhood. Small and friendly, this neighborhood is located on a landmass separated from the rest of Boston by the Charles River and Boston Harbor.

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More About Charlestown

The community is known for its impeccably maintained historic homes and industrial buildings, along with many well-known dining experiences.

Charlestown offers the historic charm of gas lamps and brick sidewalks as seen in Beacon Hill, but for a more reasonable price and is popular among young professionals and families. Residents spend a day at one of the many historic sites situated in this neighborhood, including the Bunker Hill Monument and the Navy Yard, the oldest shipbuilding facilities in the United States Navy that houses the USS Constitution. Historic rowhouses and small parks make Charlestown one of Boston’s hidden gems.

Charlestown

Charlestown

Market Insights

  • 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 in the second quarter, 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 condo building in Beacon Hill delivered multiple units.
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