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.
Following Pilot Block, the Golden Triangle had the second highest dollar value of sales over $2 million in the South End this past year. With 2021’s $2M+ sales summing to $96,174,400, the area achieved an astonishing 2.3x the sales volume as it did in 2020. The average price per square foot remained relatively constant, decreasing slightly from $1,318 in 2020 to $1,308 in 2021, a difference of less than 1%.
This area continues to harbor its fair share (and then some) of off- market transaction. In 2021, close to 50 percent of the $2M+ sales in the area were recorded “off-market,” meaning the availability of these homes did not register on sites like Zillow or Redfin. In order to get access to the best homes, one must have an advocate within the tightly knit brokerage community in the South End. Similarly, to get top pricing as a seller it’s prudent to use one of less than 15 agents who know this area like the back of their hand!
Plans for the Benjamin Franklin Institute of Technology made some progress in 2021 as the technical college announced more plans for its new campus in Nubian Square. In September of 2020, developer Related Beal filed plans for approval of a mix of senior housing and office space on the 1.2 acre site in this strategic Golden Triangle setting that it had acquired in 2019. It would be the first major project (over 50 units) in this area since Atelier was built at 505 Tremont St in 2005. Construction on this project is still not expected to commence in the near term (2022).
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For more sales data and details on it’s sub-neighborhoods check out our Boston Luxury Real Estate Review >