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.
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.
