Known as a college neighborhood, Brighton has become so much more. Businesses are following New Balance’s lead setting up shop in Brighton and mix-used developments are popping up. And then there’s the new Boston Landing commuter rail stop providing a much-needed link to the rest of the city. With so much happening, Brighton has landed on my up and coming neighborhood radar.
Brighton Condo Market Snapshot
Average sale price and average price per square foot have both been steadily climbing since 2015 with a big jump in 2018. A look at year-end 2018 shows a 32% increase in average sale price and a 38% increase in average price per square foot (ppsf) from 2015. A large increase is a definite signal of an up and coming neighborhood. The stats aren’t quite as high in 2019, but still show a strong indication of a rising market with the average sale price up from 18% and average price per square foot up 20% from 2015.
Developments to Watch
1515 Commonwealth Ave.
This project will redevelop an old hospital transforming it into a 34,000 square foot, 17-story high residential building with plenty of green space.
Now serving as world headquarters for New Balance, this mix-used development is like a city in itself. The project includes a 325,000 square foot sports complex that will serve as the official practice facility of the Boston Bruins. There’s also plenty of office, retail, and residential space along with a hotel and new train station.
What does your dollar buy in Brighton?
According to 2019 Q2 data, the median price for a condo is $452,000. Compare this to the $890,00+ median price for a condo in neighboring Brookline and you can see why savvy home buyers are taking a second look at Brighton.
Click the photo below to view a collection of available properties in Brighton. Looking to learn more about the Brighton lifestyle or set up a showing? Let’s talk!