Boston has at least ten
neighborhoods where the average asking
price is over $1,000 per square foot, from the
South End ($1,052), Financial District
($1,087), Bay Village ($1,101), Fenway-
Kenmore-Audubon ($1,202), Beacon Hill
($1,206), Fort Point ($1,231), Back Bay
($1,299), Downtown Crossing ($1,751) and of course, the Seaport ($2,247).
While most of these neighborhoods are
clustered on the Shawmut Peninsula (“Boston
Proper”) section of the city, two of these
neighborhoods are outliers. Fenway-
Kenmore-Audobon is southwest of Boston
Proper, and the Seaport is just across the
channel, on the South Boston peninsula.
This suggests that, if current market trends
continue, prices in adjacent neighborhoods
may converge and cross that $1,000/sq.ft.
threshold. These neighborhoods include
Waterfront ($962/sq.ft.), North End ($870),
and South Boston ($752).
