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EAST BOSTON

This page is not cluttered with historical or demographic data. That information is available elsewhere. The focus here is on the things which you should find important. Instructions for viewing East Boston real estate listings are found at the bottom of this article...

Kenmore Square Citgo Sign

East Boston is home to slightly more than 38,000 people, with the median income per household around $31,000. Its current demographic is a true potpourri of cultures, with groups of residents of Italian, Central American, South American, Vietnamese, and even Irish descent populating various enclaves of the neighborhood - Orient Heights, the historic hill in East Boston, remains the heart of the Italian community in East Boston.

Isolated from the city by water and the airport, Eastie’s tree-lined streets and copious three-deckers are home to a diverse and vibrant Latin American community - in fact, one of the centers of Latino culture in New England. East Boston is also bordered by Winthrop, Revere, and the Chelsea Creek.

Though "Eastie" has a spectacular view of the downtown skyline, the community's rents and property values have increased more slowly than the rest of the metro-Boston region. This slower growth can be attributed to factors such as: the isolated nature of the neighborhood, difficulties of real estate development along the waterfront, and the negative attitude towards Logan Airport that local East Boston residents have perpetuated.

Boston Skyline

East Boston housing is a mix of historic buildings and new dwellings, with many three-deckers lining neighborhood streets. In recent years, homeowners have been restoring the historic homes of the area to their former glory. Maverick Square is busy, but you’ll want to make the walk up to Day Square to get a better sense of the turf. East Boston is home to six community gardens, managed by various organizations. Participating gardeners at some of the gardens are assigned small plots which they may plant as they like, in exchange for a nominal annual dues payment.

The MBTA provides a plethora of services to get you from East Boston to wherever you want to be!

Boston is a city of neighborhoods by means of annexation. Access the City of Boston's official website, including the neighborhood of East Boston. If you have school-age children, East Boston lies in the Boston Public School district. BPS's transportation policies are outlined here. Excel Academy Charter School, a charter middle school and Central Catholic School are located in East Boston.

Although East Boston appears to be fairly quiet, it is always wise to check if there is reported criminal activity in the area in which you plan to buy/live. The Boston Police Department also has a web page dedicated to East Boston which you can access for their latest news.

To keep up with daily goings on you can check in online with Eastie Times, EastBoston.com, Boston City Paper or, of course, the Boston Globe, Boston Globe's East Boston section, and the Boston Herald.

If you have a specific property in mind that you think you might like to buy, The City of Boston maintains a database for the City Assessor which you can access to see what value the City gives the property and what the annual taxes are. Boston does offer a residential tax break for primary residences for which you might need to apply after your purchase.

Sold Statistics for East Boston

Single Family:
2012 - 25 sales. List Price - $265,996 Sale Price - $251,036   Market Time - 107 days
2011 - 33 sales. List Price - $219,061 Sale Price - $201,362   Market Time - 110 days
2010 - 22 sales. List Price - $235,211 Sale Price - $222,598   Market Time - 58 days

East Boston sales have remained fairly constant for the past 3 years hovering around 2 dozen or so each year. In spite of more sales in 2011 over 2010 and 2012, the average sale price for 2011 was significantly lower than that of 2010 and 2012. However, 2012 seems to have made up for the deficit of 2011 with its average sale price climbing about 20%!

Condominiums:
2012 - 91 sales. List Price - $217,119 Sale Price - $209,419   Market Time - 108 days
2011 - 62 sales. List Price - $235,014 Sale Price - $225,430   Market Time - 131 days
2010 - 62 sales. List Price - $229,224 Sale Price - $220,817   Market Time - 124 days

Condominium sales shone in East Boston in 2010 and 2011 and then really caught on fire in 2012 - up by 50%. Interestingly, the average sale price was up a bit in 2011 and way down in 2012. East Boston sellers are hoping for a much better 2013.

Multi-Family Listings:
2012 - 66 sales. List Price - $319,265 Sale Price - $311,113   Market Time - 87 days
2011 - 71 sales. List Price - $300,718 Sale Price - $277,963   Market Time - 95 days
2010 - 93 sales. List Price - $284,770 Sale Price - $272,163   Market Time - 83 days

East Boston consists of a lot of investment properties and so multi-family sales are quite common. Although sales of multi-family properties dropped off, values still increased about 6%.

To view all current MLS real estate listings in East Boston, you will need an ID which is "2438603" and the password "Jim". You can login here anonymously anytime, daily or weekly, as often as you wish. If you should see any properties you would like to view in person, give Jim a call or send a text or email indicating which properties and a couple of time frames and Jim will try to schedule you appropriately - please keep in mind that some owners and/or agents require 24-48 hrs advance notice and additionally keeping within a 30-60 minute window if they also require an accompanied showing.