It can be nearly impossible to define a starter home in the Boston area. That’s largely because real estate is so expensive here versus much of the rest of the U.S. Still, it is possible to break down what a starter home might be by neighborhood, using sales and inventory data to eliminate certain types of housing right off the bat.
In South Boston, that can mean doing away with single-families as they tend to be both more expensive and much rarer than the famed enclave’s more readily available condos. And, as for those condos, the median sales price for them during the last three months of 2019 was $737,500, according to appraiser Miller Samuel and brokerage Douglas Elliman.
So, it’s safe to say that a Southie starter home is a condo in decent shape and asking under $737,500. What might those be then? These.Read More