Boston High-End Market Watch 2006-2016

We are pleased to introduce a market report that covers high-end real estate activity in Boston’s top residential neighborhoods. This adds to the geography covered by our other LandVest High-End Market Watches – Norfolk and Middlesex Counties plus Cape Cod. It will be issued periodically.

This report is written by LandVest brokers who cover the Boston market, as they keep their finger on the pulse of local market activity.


Market Highlights

  • Neighborhoods include: Back Bay, Bay Village, Beacon Hill, Charlestown, Financial District, Jamaica Plain, Midtown, North End, Seaport, South Boston, South End, Theater District, Waterfront.
  • High-end sales = sales > $1 MM
  • High-end condo inventories are keeping pace with the proliferation of luxury full-service developments throughout the city.  High-end home inventory is the lowest in 6 years.
  • 2016 was a record year for sales for both high-end homes and condos.
  • The South End neighborhood enjoys strong high-end home sales, as an affordable alternative to other neighborhoods.
  • Midtown and the Seaport District have become established areas for high-end condo sales


Active Listings

Single family

2016 listings (77) were down nearly 30% vs. 2015, which was the highest period for high-end active listings at 108.

2016 single family inventory is the lowest since 2010.

Boston High-End Market Watch 2006-2016



2016 listings (586) were down 11% vs. 2015, which was a record year at 655 listings. 2016 high-end condo listings are up 130% since 2006. This reflects the proliferation of luxury, full-service condominium developments in Boston.

Boston High-End Market Watch 2006-2016

High-End Sales

Single family

2016 experienced record sales of 107 high-end homes, up 5% vs. 2015

03 Hig-End Sales Single


2016 experienced record sales of 727 high-end condos, up 20% vs. 2015.
04 Hig-End Sales Condo

2016 Highest Sales

Single family – 197 Marlborough Street sold for $12 MM
This luxury new construction residence spans over 7500 square feet. Built with an elevator, this residence has 5 bedrooms, 5+ bathrooms, two outdoor spaces and garage parking for 2 cars.

Condo – Hooper Mansion PH 6 at 448 Beacon Street sold for $13.25 MM
This residence is located in a boutique luxury building with a concierge for 6 residences. The penthouse spans over 6000 square feet on the top level, with direct elevator access. The home features a private rooftop garden and garage parking for 2 cars. Sold for over $2,000/ square foot.

197 MARLBOROUGH STREET hooper mansion


Highest & Average Sale

Single family – Highest $12 MM Average $2.17 MM

05 Highest & Avrg sale


Condo– Highest $13.25 MM Average $2.12 MM, a record
05 Highest & Avrg sale


Days on Market

Single family

53 days, lowest in 10 years. Boston’s high-end home market is experiencing a period of low inventory, coupled with higher buyer demand.

06 Days on Market Single



70 days, roughly even with 2015 and 2014. Boston’s high-end condo market is experiencing a period of quick sales fueled by strong demand.
07 Days on Market Condo


High-End Sales by Neighborhood | Boston

(Refer to New Heights blog from 2015)

08 High-End sales Map


Single family

The South End leads the area for the 10-year period, with 276 high-end sales, followed by Beacon Hill at 246. Back Bay’s remaining grand residences are small in number, so it trails the South End and Beacon Hill with 77 over the 10-year period.

In 2016, Charlestown had the most high-end sales, at 32, followed by the South End at 25. These neighborhoods are drawing more buyer activity, as they are considered more affordable.

09 Single Table




Back Bay had highest sales over the 10-year period, at 1,760. The South End is the next leading neighborhood with sales of 1,074. These 2 neighborhoods also lead 2016 in high-end sales, with 201 and 173 respectively.

In 2016, Midtown comprised nearly 20% of overall sales, due largely to the continued sell-out of Millennium Tower and re-sales at Millennium Place. As reported earlier, Seaport District is emerging, with 24 high-end sales, compared to no high end sales from 2009 -2013. South Boston jumped to 50 high-end sales, up from 17 in 2015.

10 Condo Table

2016 LandVest Significent Sales

 BB0114 cropped2  MA1895_11_CC
Back Bay | 282 Beacon Street
Sold: $4,400,000
Terry Maitland & Nicole Monahan represented the buyer
Waterfront | Battery Wharf Unit 4607
Sold: $1,950,000
Terry Maitland & Nicole Monahan represented the seller


LandVest is looking forward to a strong and productive 2017, and is already working on a number of exciting new projects.

For more information on our great properties, go to, or if we can be of assistance, please contact:

 Amy L. Donovan


 Terry Maitland


 Nicole Monahan


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