Overview
The Lower Back Bay virtually screams prestige. Nudging up against Beacon Hill on the banks of the Charles River, Lower Back Bay is one of the the city’s premier sub-neighborhoods. “Lower” addresses on Comm Ave, Marlborough and Beacon Streets provide a canvas for the “who’s who” of Boston to make their lavish abodes.
Location
Bounded by the Charles River to the north, Lower Back Bay’s western edge runs along Dartmouth Street from the river to Stuart street, which forms its southern boundary. Its eastern edge runs along Arlington Street from the river to Boylston, where it juts eastward to Charles Street. In this corner it adds three prestigious, full-service condominium complexes in One Charles, the Four Seasons Residences and the Heritage on the Garden.
Market
In 2023, 52 properties traded above $2M, up from 66 in 2022. The average price per square foot in the area increased to $2,095/sq. Ft. and the sales volume was also the highest that it has been for some time in this neighborhood: $274,680,899. Interestingly, one property contributed almost 10% to this volume number, and it wasn’t the top sale! 122 Commonwealth Ave sold twice (!), once in January and again in October, trading at the same price both times: $14,400,000 ($3,474/sq. ft. ). It’s rare to see something like this happen in the city but is yet another example of how strong that ultra luxury market was in 2023.
We believe when real estate consumers are presented with a complete and robust spread of data, in conjunction with their personal preferences, decisions can be reached with the most confidence.
For more Lower Back Bay sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >
