Homes in Revere currently average $239 a square foot, according to an analysis of market-rate listings from real estate research site NeighborhoodX.
A wide range of prices produces that average: From $483 a square foot for a waterfront 3-BR, 3-BA house at 640 Revere Beach Boulevard (pictured) to $133 a foot for another house—a three-family with eight bedrooms—at 58 Orvis Road in West Revere.
The information is particularly handy given the recent news that an at least partially residential development could one day replace Revere’s Necco candy-manufacturing hub near the Wonderland Blue Line stop.
As NeighborhoodX co-founder Constantine Valhouli points out, other ground-up neighborhoods such as Somerville’s Assembly Row and Boston’s Seaport District have started in many cases to outpace older enclaves such as Back Bay in price—in other words, from a developer’s perspective, the projects have been runaway hits (so far).
Besides, a project at the Necco site could liven the area up a bit.
"The site's Blue Line access, along with the sheer size of the campus, could make a compelling argument for redevelopment in a way that strengthens Revere's connection to Boston,” Valhouli said in an email, “and could offer a South Boston-style playground for affluent young professionals.”
- Boston home prices at the start of May: Seaport leading [Curbed Boston]
- Revere’s Necco candy-making hub now in developers’ hands [Curbed Boston]