Boston’s Charlestown is stark evidence that the old real estate adage about location is true: Prices in the neighborhood grow less expensive the farther one gets from the waterfront.
See the recent analysis from NeighborhoodX below. The two priciest market-rate listings in Charlestown right now are condos in the Navy Yard on the waterfront.
The least expensive ones are clustered inland. In between are listings in Monument Square toward the neighborhood’s middle.
“The Navy Yard is dominated by condo conversions and new construction, offering amenities and water views,” NeighborhoodX research director Constantine Valhouli said over email. “Monument Square offers single-family and multifamily houses that are more affordable on a per-square-foot basis.
“And the most affordable properties are at the far western edge of the neighborhood, near what is currently an industrial zone.”
As Valhouli pointed out, though, that could always change: Somerville’s Assembly Row, where prices have set records for that city next to Charlestown, was once an industrial site.
- Nearly half of Assembly Row’s condos sold a year before opening [Curbed Boston]
Loading comments...