With properties selling over the million $ mark, one would think this up and coming neighborhood has reached its peak and may start to plateau. However, South Boston continues to evolve, developments are still underway, and the numbers continue to climb.
South Boston Condo Market Snapshot
Media outlets reported records high for South Boston back in 2015 so it’s hard to believe the 2019 numbers show a 37% jump in average sale price. The average price per square foot (PPSF) is up 35% from 2015.
*Sourced by Compass
Developments to Watch
According to BisNow, a transaction-filled 2019 shows South Boston as the heir to Kendall Square for life sciences, particularly the A Street corridor connecting West Broadway and Fort Point. With a leading industry moving in, home prices are almost guaranteed to continue going up signaling yet another boom redefining “up and coming.” Keep an eye out for these new developments.
200 Old Colony Ave.
Replacing the Notre Dame Education Center, 200 Old Colony is slated for a six-story building complete with 54 residential units and 9,500 square ground-floor space for the education center.
267 Old Colony Ave.
Recently board approved, the developer is proposing Large Project Review for a mixed-use project located at 267 Old Colony Avenue in South Boston. Proposal is 55 housing units, 3 commercial retail spaces and 60 parking spaces.
Across the street from 267 Old Colony, this under-construction development will feature 656 units plus retail space along Damrell Street between Old Colony Ave. and Dorchester Ave.
What’s currently available in the neighborhood?
Click the photo below to view a collection of available properties in South Boston. Looking to learn more about the South Boston lifestyle or set up a showing? Let’s talk!