Our analysis of average price per square foot values in downtown Boston neighborhoods continues with Boston’s Beacon Hill, one of the most prestigious areas of the city to call home. Beacon Hill prices command a premium over some of the other neighborhoods that we have looked at, however, prices are in line with such neighborhoods as the Back Bay and the South End.
Thus far in 2008, according to the Boston MLS, the average price per square foot on Beacon Hill has been approximately $731 (median of $708). The data range, covering roughly 102 condos, runs from $494 to $1,283 per square foot. The lowest being $494 per square foot at 45 Mount Vernon Street Unit 1C, a 1,570 square foot two-bedroom two-bathroom unit. The average price per square foot of $731 is characteristic of Unit 9 at 1 Garden Street, a 630 square foot one-bedroom that sold for $460,000 in May after being on the market for approximately 62 days with an original listing price of $469,900. The high end was at 108 Mount Vernon Street Unit 5, a 2,128 square foot three-bedroom three-bathroom unit with a full floor, four-sided exposure and five bay windows that sold in May for $2,730,000 ($1,283 per square foot).
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