Nascent urban planning efforts in the early 19th century were modeled after powerful European cities and formed the framework for a neighborhood that has generally thrived for going on 200 years. Of note, these streets were once under water. Today, through the city’s commitment to preservation, its Parisian style boulevards and brownstone based buildings gradually merge together with the so-called “high spine” of the city lending the Back Bay a best-of-all-worlds appeal and making it an enviable place to call home.
2021 was a remarkable, bounce-back year for Boston’s $2M+ residential sales market. Take a look at how the $2M+ sales volume compares over the years in the Back Bay Market.
For our data tracking purposes, we break the Back Bay into four smaller clusters. Each one is detailed in the following pages and has its own culture within a culture appeal.
Lower Back Bay is the closest to the Boston Common and features the grandest townhouse living in Boston. Upper Back Bay gracefully fades from the Lower Back Bay border into the Charlesgate and Fenway areas where students maintain a stronger foothold. To the south is the Prudential area, dominated by full service residential offerings and commercial office towers. Stretching to Copley Square it takes advantage of more lenient height restrictions. Finally, St. Botolph, for which Boston was named, is a quiet sub-neighborhood bordering the South End in the southwestern corner of the Back Bay.
2021: Luxury ($2M+) Market Insights
Back Bay achieved 154 sales (up from 125 in 2020) worth $802M in dollar volume in 2021. That’s a 23.2% increase in transactions and 19.5% increase in dollar volume from 2020. Back Bay’s $802,070,682 in sales volume made up almost 40% of Boston’s $2M+ market in 2021.
$802,070,682Total Sales Volume
$1,915Avg. Price Per Sq. Foot
154Number of $2M+ Properties Sold
76Number of $4M+ Properties Sold
Data sourced from MLS Pin on single family and condo properties over $2 million.
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 Back Bay sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >
This Italian steakhouse in the Boston Park Plaza Hotel boasts a glam dining room & high-end fare.
64 Arlington St, Boston, MA 02116
Elegant bistro crafting acclaimed French-Mediterranean cuisine in refined surroundings.
223 Columbus Ave, Boston, MA 02116
Seafood is served every which way, including dishes made with tinned fish, at this charming raw bar.
281 Dartmouth St, Boston, MA 02116
Longtime favorite for fine seafood dining in a wood-lined interior or on the sidewalk patio.
761 Boylston St, Boston, MA 02116
High-end, elegant steakhouse known for classic steaks & sides, brunch & an extensive wine list.
793 Boylston St, Boston, MA 02116
Brandt family beef, New England seafood, seasonal produce, decadent desserts, a world-class wine list, outstanding service and warm hospitality.
A truly American experience.
161 Berkeley Street, Boston, MA 02116
The Capital Grille steakhouse is Boston’s premier destination for fine dining and fine wine.
900 Boylston St, Boston, MA 02115
Boasting floor-to-ceiling views of the Public Garden, The Bristol is Boston’s best restaurant for fine dining, drinks and conversation at all times of day.
200 Boylston Street, Boston, Massachusetts 02116