Current Real Estate Market Trends:
Average price per square foot for Boston MA was $660, an increase of 10.6% compared to the same period last year. The median sales price for homes in Boston MA for Feb 10 to Apr 10 was $570,000 based on 180 home sales. Compared to the same period one year ago, the median home sales price increased 14%, or $70,000, and the number of home sales increased 4%.
The average listing price for homes for sale in Boston MA was $729,293 for the week ending May 12, which represents an increase of 2.6%, or $18,612, compared to the prior week. Popular neighborhoods in Boston include South End and Back Bay, with average listing prices of $793,018 and $1,883,189.
History of Boston:
Is the state capital, the seat of Suffolk County, and the largest city in Massachusetts. It is located in the eastern part of the state on Massachusetts Bay. It was incorporated as a city in 1822. No city in the U.S. is richer in historical associations than Boston, and no city has retained more of its original buildings as memorials to America’s past.
The first European settler was Rev. William Blackstone, who arrived in 1623, just three years after the Pilgrims had landed at Plymouth in 1620. He was joined by Puritans from England in 1630. They named their new town Boston, after the former home of many of them in Lincolnshire, England. Fourteen years later, the pioneer Bostonians set aside the first public park in the U.S.—the Boston Common. The following year, 1635, they opened the first free public school in America. Today, the Boston area is home to 68 colleges and universities.
Boston is a major industrial, financial, and educational hub and has one of the finest ports in the world. The city’s banking and financial services, insurance, and real estate sectors continue to drive Boston’s economy. Boston is also a leading city in health care, with 25 inpatient hospitals and numerous community health centers. The city’s unique cultural and historic heritage makes it a center of tourism, and its hotel industry ranks among the highest in the nation in occupancy. Boston’s other businesses are in high technology, biotechnology, software, and electronics.
The city’s tourist attractions include Faneuil Hall Marketplace, the JFK Library and Museum, the Museum of Fine Arts, the New England Aquarium, the USS Constitution, and many historic buildings and neighborhoods.