Somerville, 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:
- a brand new MBTA stop on the horizon, along with much-needed consolidation of some B-Line stops (gets a thumbs up from this Green Line commuter);
- Allston’s “Green District” has brought luxury living and high-end amenities without the price tag seen in other parts of Greater Boston (my wife and I are happy residents);
- New Balance World Headquarters will soon welcome the Boston Bruins to the neighborhood; and
- Barry’s Corner, which could be the next Davis Square.
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
|Median Sales Price||$315,000||467,000|
|Days on Market||30||47|
|% of List Price Received||99.6%||98.8%|
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!