The Waterfront neighborhood is nestled directly on Boston’s Harbor, between the North End, Financial District, and Seaport District. The Waterfront neighborhood is a vibrant community with a wealth of amenities and public transportation options that caters to a ‘live-work-play’ lifestyle.
Many original wharf buildings (Union, Lewis & Commercial) that date back 200 years have been converted to condominiums that feature exposed brick & beams and wood burning fireplaces. Newer construction buildings such as Battery Wharf, The Intercontinental & Rowes Wharf add a luxury element to this housing market. Most importantly, homes on Boston’s Waterfront are known for their spectacular views of the Harbor & City.
Walking distance to the Greenway, Christopher Columbus Park and some of Boston’s best restaurants in the North End.
The Waterfront continues to be one of Boston’s most stable housing markets, with relatively minimal COVID impact during Q2. Year-over year sales volume decreased by only 10 units (27%) while the average sale price saw a modest decline of 17%. The Waterfront continues to be one of Boston’s most affordable markets, with 1 bed condos averaging under $1,000 per sq/ft ($838,000).
The average price per sq/ft vs. Q1 only declined $8.
The number of closings vs. Q1 only declined by 2 during Q2.
Very little new construction and limited inventory help control values year-over-year on the Waterfront.
Proximity to the North End, Airport, and Faneuil Hall continues to drive demand in the Waterfront