NeighborhoodX - Back Bay (Nov. 2018)

As of November2018 202November2018, the average asking price for Back Bay is $1,287 per square foot. However, the individual properties that comprise this average range from $827/sq.ft. (a 707 sq.ft. studio condo at 255 Commonwealth Ave. #1 asking $585,000) to $3,857/sq.ft. (a 3,500 sq.ft. 3BR condo at 776 Boylston St. #E9-A asking $13,500,000).

Why do we report price ranges as well as average price per square foot? We believe that this gives a more complete picture of the neighborhood's pricing. Specifically, a price range gives a sense of the bargains that may still exist in established neighborhoods, but which may be obscured by the average figure. And these ranges also give a sense of the upper end of pricing in emerging neighborhoods.