Brighton price records likely to be set at one particular intersection

The average asking price for market-rate homes in Brighton as of mid-March was $691 a square foot, according to an analysis from real estate research site NeighborhoodX.

That average was culled from a range that ran from $456 a square foot to $976 (in the future 1650 Commonwealth Avenue). See the breakdown below.

The most interesting aspect of the Brighton housing analysis isn’t what’s going on price-wise as of now—instead, it’s what’s due to happen in the relatively near future.

“The intersection of Commonwealth and Washington is perhaps one of the most significant within Brighton,” Constantine Valhouli, NeighborhoodX’s research director, said over email. “It is across the street from the Whole Foods, with a Green Line stop, and a short walk to the nightlife of Harvard Avenue in Allston.

“These blocks will likely set price records for the neighborhood.”

Some final notes on the analysis: It focused on market-rate listings, and excluded foreclosures and short sales as well as properties positioned as development sites. In addition, where there were multiple listings in a new development, NeighborhoodX only included the top and bottom units on a per-square-foot basis in order to better reflect the neighborhood price range, rather than a single building.

• Brighton residential development would replace three-building Hotel Boston [Curbed Boston]