Jamie's South End Series: Golden Triangle
From dollar dumplings at Banyan to Jazz Brunch at Beehive, or the burger at Deluxe; the Golden Triangle is like no other sub-neighborhood in Boston. The area is positioned just south of the Hancock Tower, west of the Financial District, and is under mile walk to Post Office Square. Since it’s so close to all of these bustling office hubs, commuters often find this neighborhood to be ideal!
This sub-neighborhood runs from Columbus Avenue, the South End/Back Bay borderline, to Tremont Street, the spine of the South End. In between are a handful of fantastic streets that support no shortage of high end homes. While picturesque Appleton Street arguably holds the most prestige, Chandler, Montgomery, Clarendon and Warren Avenue are not far behind. Plus, the smallest streets, Lawrence and Gray, add some intrigue to this sub- neighborhood.
The Golden Triangle had 25 sales and $70.7M in sales volume in 2022 down from $96M in 2021. Even though the sales volume decreased, the average price per square foot grew to $1,411 from $1,308 in 2021, an increase of about 7.8%.
Driving most of this sales action were two buildings The Atelier at 505 Tremont Street (9 sales) and The Bryant at 303 Columbus Avenue (5 sales). The top sale took place at The Atelier for $4,862,500. It was one of five deals in the South End that landed above $2,000/SF for the year. The most significant discount to asking price in the area came from 5 Lawrence Street where the small single family that was originally on for $2.5M closed at $2M. The buyer secured 20% off the asking price but is most assuredly facing a large renovation in their future!
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 sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >