East Boston Condos for Sale & Rent
East Boston is one of the hottest real estate markets for renters and buyers. However, in this case, buyers have a real advantage. Today, it's possible to make the transition to homeownership while paying less than you would for a rental. This is why many young professionals are choosing to call this hip area home. In the past few years, East Boston has gone from up and coming to here and now. Its current status as one of the best places for affordable luxury earned it Curbed's Boston Neighborhood of the Year Award in 2013. Since most areas are still accessibly priced, it's one of the best buys outside of Boston proper.
East Boston Neighborhoods
If you're a first-time condo buyer or if you want to upsize or upgrade, there are several neighborhoods to consider. Luxury properties are plentiful near Maverick Square and along the Jeffries Point waterfront. This is where you'll find modern loft-style apartments in mixed-use buildings that have phenomenal views of Boston. Jeffries Point has historic residential areas with three-story townhomes and five-story walk-ups. It also has commercial zones with factories and warehouses that are slowly being converted into loft-style apartments and luxury condos.
Neighborhoods that embody East Boston's overall affordability include Orient Heights, Central Square, Eagle Hill and areas west of Chelsea Street and the Lewis Mall. Condos in historic homes and mid-century developments can be found in the northerly Orient Heights area where you'll be surrounded by single-family homes.
East Boston has broken its own sales record with a modern loft-style condo that closed for $1.3 million in late 2014. However, most listings are in the $200,000 to $400,000 range. The median price for an East Boston condo is approximately $307,000. New listings are coming on the market in the upper $300,000s. In terms of square footage, listing prices are trending at $400, but sale prices are hovering around $320 per square foot on average.
Luxury Properties in East Boston
Modern developments and loft conversions, particularly near the waterfront, have made East Boston a top destination for luxury living. It has been compared to trendy sections of Fort Point where well-to-do professionals have set up residence in premium warehouse conversions. In East Boston, residents enjoy the same urban lifestyle and amenities at more accessible prices. Porter 156, the Gumball Factory and a series of new developments around the East Pier offer luxury loft-style condos. Aesthetically, the units have exposed wooden beams, industrial-chic brick walls and floor-to-ceiling windows. These raw loft-style features are paired with eco-friendly bamboo floors and updated kitchens with stainless steel appliances and top-of-the-line fixtures. Plus, buyers can add parking spaces and secure storage a la carte.
East Boston is one of the fastest growing neighborhoods in the metropolitan area. With demand increasing, now is a great time to get into a top-tier condo without paying premium prices. Boston City Properties is the area's leading condo and rental broker. We offer simple client-first services that make it easy for you to find a property that fits your requirements. To start your search, click the property locator button. We'll send you information about the latest condos to hit the market in East Boston, and we can go from there.