South of Washington Street – affectionately known as “SoWa” – and it’s unapologetic injection of artsy culture into the South End is well known around the broader city. Once home to warehouses and a smattering of artist studios, this sub-neighborhood has become a thriving residential and artisan community complete with galleries, studios, showrooms and high end condominiums.

SoWa stayed on our radar in 2022 with 4 transactions that contributed $8.9M to the sales volume in the South End. The top sale in this area was a condo at 1180-1200 Washington Street that sold for $2,750,000 and clocked $1,146/SF. The four sales here this year were in two buildings. The aforementioned 1180 Washington Street, Laconia Lofts, as well as Wilkes Passage at 1313 Washington Street. There was a plethora of activity on Wareham Street where new buildings have been coming online the last few years but it only resulted in one deal over $2M at 76 Wareham Street where a new construction condo notched nearly $1,600/SF. Expect a few more of these in 2023!

Looking into the near future, more residential development is happening quickly in this rather large sub-neighborhood. The much anticipated Flower Exchange project on Albany Street is a larger commercial development that will further energize the area in the years ahead. The spillover from continued development in the Ink Block area will also give a boost to SoWa lifestyle and pricing.