Boston real estate is booming right now. The statistics don't lie. Many neighborhoods, including the Seaport, Kenmore-Fenway, Kendall Square, and Assembly Square areas, are seeing new luxury condos driving the market. But all over Boston, there is a big range in prices, from $111 per square foot for the lowest-priced listing in Roxbury to nearly $3,000 per square foot for the highest-priced ones in Back Bay, says Curbed. Allston-Brighton was recently named one of the country's 20 hottest neighborhoods, scoring high in walkability, public transit, entertainment and cost. Condos are selling faster and at higher prices than homes, with the most expensive areas being Midtown, Beacon Hill and Back Bay and the most affordable being Mattapan, Hyde Park and West Roxbury.
Those are the stats. They look pretty promising for young professionals, families, singles and couples looking to make the move to Beantown. However, making the decision to move to a particular city is about much more than just facts and figures. It's about making a connection with a community, putting down some roots and embracing your new city with open arms. It's more than just favorable statistics: the decision to move here is all about the heart and soul of Boston.
High Quality of Life
Turns out, Bostonians are quite fit. A recent report by the American Fitness Index named Boston the fifth healthiest city in the nation. Money magazine has called Boston the "best city in the Northeast." Now, the latest report by Deutsche Bank ranks Boston as the eighth best city in the the entire world when it comes to quality of life, according to the Boston Globe. The report took into consideration eight key factors:
- Purchasing power
- Health care
- Cost of living
- Property price to income ratio
- Traffic commute time
Ranking just behind Copenhagen (6) and Ottawa (7), the Hub outranked even some of Europe’s most beautiful cities, such as Amsterdam (9), Helsinki and Berlin (both 11).
Best of Both Worlds
Boston has long been known as a small town with all the benefits of big city life. This dichotomy allows those who live here to feel a part of a close knit community yet with access to world-class entertainment, restaurants, historical landmarks, museums and more. From its diverse culinary scene to its cutting edge advances in medicine and technology, Boston offers something for everyone, from sports fans to art lovers to ambitious entrepreneurs -- all co-existing with a deep sense of camaraderie, points out US News and World Report. It's historic on one hand and revolutionary on the other. It's the birthplace of so many significant points in history, boasting cultural, political and social moments in time that feel like they're jumping right off the pages of a history textbook.
At the same time, residents and visitors alike enjoy access to a modern metro area backed by rich cultural pride felt in all its many pockets, from Southie to East Boston to the Back Bay. Boston's appeal lies in its ability to bring people together (just take a look along the Charles on any given day and witness runners, joggers and walkers enjoying the sights en masse) while simultaneously allowing those same people to blend in and go about normal business.
Because of this, many subsets of the population are drawn to its beauty and magnetic charm, from new families and recent college graduates to retirees and seasoned professionals. No matter what stage of life you're currently in, from an eager new student at Boston University to a hungry financial investor on State Street, Boston has what you need.
Contact Home Town Brokerage at 617-877-1479 to learn more about what makes Boston such a great choice!