Overview
Defined by the twin parks of Blackstone and Franklin Squares, this neighborhood is home to all manner of Bostonians, who daily enjoy the characteristic iron gates and feature fountains of the historic parks. Situated just north of the Boston Medical Center, the Blackstone and Franklin Square neighborhood offers incredible dining, exciting nightlife, walkability, and easy access to public transport.
Location
Blackstone and Franklin Squares, two of the largest parks in Boston’s South End, serve as the cornerstone of this idiosyncratic sub-neighborhood. Designed by the famed architect Charles Bulfinch, the two “squares” were originally intended as one massive park. Today, Blackstone and Franklin Squares offer easy access to eateries and boutiques alongside nearby Washington Street and Shawmut Avenue not to mention a vitale playground for our four-legged friends.
$2M+ Luxury Market Data
In contrast to previous years, Franklin/Blackstone Sq had a relatively active year with sales priced $2M and above. 2024 saw four sales in this category, as opposed to only one in 2023. The total sales volume for these sales was $9,232,908, with an average of $1,238.18 per square foot.
Off-Market Sales Dominate High-End Deals
Interestingly, half of Franklin/Blackstone’s sales above $2M were off-market. These two off-market sales, Unit 5F and Unit 6F at 46 Wareham St, totaled $4,575,000 of the sales volume. Once again, working with someone who is able to give you intel on the off-market sales activity can prove invaluable.
History
It’s typically quiet in the Blackstone & Franklin Square sub-neighborhood in the $2M price range, but 2022 saw 8 sales over this threshold! That’s an increase from 2021’s 7 sales. The price per square foot retreated slightly to $1,007.75/SF from $1,104/SF in 2021 (not statistically very significant).
Neighborhood Specialists
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.
To learn more about changing market dynamics moving into 2025 check out our Perspective on the Boston Luxury Housing Market>
