Allston & Brighton Market Update

Allston_Brighton-2Somerville, Fenway, and the Seaport are some of Boston’s hottest neighborhoods for new development, but you’re likely aware of that. Two other changing neighborhoods that have helped keep Boston booming with excitement, however, are  Allston and Brighton, where my wife and I recently moved to.

“Little Cambridge,” as it was formerly known, is an ever-emerging market in Greater Boston, and there is a lot to be excited about; including:

There’s more going on in Allston and Brighton than could fit into one blog post, but for the market watchers out there, this is what the Allston-Brighton condo market looked like in September 2014 as compared to the City as a whole:

 

Allston-Brighton vs Boston

Condominium Market Statistics

September 2014*

 

Allston-Brighton vs. Boston
Closed Sales 32 357
Median Sales Price $315,000 467,000
Sales Inventory 30 616
Days on Market 30 47
% of List Price Received 99.6% 98.8%
New Listings 37 539

 

If you’re looking to get into the Allston-Brighton condominium market, you won’t want to miss out on The Lancaster: a brand new 55-unit condominium complex with units starting in the $400K’s with a slated completion of late-spring 2015.

Interested buyers can join the official developer pre-sale notification list at: Lancasterboston.com for a chance to preview and purchase units before the competition heats up!


*Data courtesy of http://gbreb.com/gbar/localmarketreports/

Want to know more about the market? Contact Joshua Dawson today!







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