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SOUTH BOSTON (SOUTHIE)

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

Southie

South Boston, referred to as "Southie" by its residents living in the area bounded by A-P Streets and 1st-9th Streets, is a densely populated neighborhood located south and east of the Fort Point Channel and abutting Dorchester Bay. It has become increasingly desirable among young professionals and families who are attracted to the neighborhood's strong sense of community and quick access to downtown and public transportation. The realty of South Boston has changed drastically in recent years as property values, especially in the City Point neighborhood near Castle Island, have risen to the level of some of the highest in the city.

The City Point area of South Boston, labeled "East Side" by realtors, has seen a major increase in property values due to its close proximity to downtown Boston and gentrification. The "West Side" of South Boston, also known as the "lower end" by life long residents, though slower to begin the gentrification process also benefits from the proximity to not only downtown but also the popular South End.

South Boston’s waterfront also has some of the city’s best local beaches and a beautiful park called Castle Island, which residents can explore and enjoy during the summer. In fact, residents and visitors alike enjoy strolling around the 22-acre park and its Revolutionary War-era fort. Today the breathtaking South Boston Waterfront is emerging as Boston's newest neighborhood. Already home to the Boston Convention and Exhibition Center, another planned development for the Waterfront includes residential, office, retail, and hotel use. The section of South Boston north of First Street is targeted for massive redevelopment at an expected cost of $3 billion, replacing parking lots between the federal courthouse and convention center with a 6,300,000-square-foot mixed-use development.

South Boston consists of traditional, triple-decker homes, most of which have been converted into condominiums during the real estate boom. This CONDO boom in Southie - and all of Boston - may have cooled a little; but, demand to be in the city is a trend that is not expected to stop for a long time. There is also new construction, with large, luxury residential projects popping up in sections of South Boston in the Seaport District (now often referred to as the Waterfront) such as the Lofts at 36A Street, The Macallen, or the Signal Building; many of which may appeal to those who want a full-service lifestyle with amenities such as a concierge, pool, gym, and more.

Since there are no official, absolutely defined boundaries to each of Boston's neighborhoods and subneighborhoods, accurate sales figures can change from one source to another. In order to retain as much credibility to the following tables, the data for each year is confined to sales within South Boston's zip code of 02127.

After seeing values plummet in South Boston after 2007, there was a slight rally in both # of sales and average sale price in 2010, until 2012 blew the doors open with both volume and values recouping those losses and ending the year with the greatest number of sales and the highest average sale price of all time. Shown in the table below are figures for condo sales (single family houses account for only 7% of inventory).

Year
Total Listings
Days on Mkt
List Price
Sale Price
% Change
2012
678
70
$444,860
$434,835
+11.9%
2011
495
104
$403,077
$388,734
+6.2%
2010
526
95
$378,010
$365,839
+ 1.3%
2009
477
114
$375,275
$360,052
- 7.9%
2008
446
101
$406,815
$390,924
- 6.8%
2007
598
123
$432,383
$419,324
+ 15.9%
2006
503
103
$374,708
$361,725
-3.2%
2005
444
78
$383,144
$373,790
+0%
2004
370
69
$372,604
$372,075

Boston is a city of neighborhoods by means of annexation. Access the City of Boston's official website, including the neighborhood of South Boston. If you have school-age children, South Boston lies in the Boston Public School district. Its transportation policies are outlined here.

To keep up with daily goings on you can check in with South Boston Onlne, Boston City Paper, The Irish Emigrant, and, of course, the Boston Globe, and the Boston Herald. Or, become a member of OFB, a Facebook page for those who claim to be "originally from Southie".

If you have a specific property in mind that you think you might like to buy in South Boston, 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 South Boston

Single Family:
2012 - 53 sales. List Price - $501,558 Sale Price - $491,199   Market Time - 98 days
2011 - 56 sales. List Price - $434,104 Sale Price - $413,789   Market Time - 100 days
2010 - 46 sales. List Price - $457,211 Sale Price - $440,258    Market Time - 53 days

Multi-Family Listings:
2012 - 24 sales. List Price - $653,519 Sale Price - $639,135   Market Time - 64 days
2011 - 33 sales. List Price - $643,455 Sale Price - $588,258   Market Time - 41 days
2010 - 40 sales. List Price - $653,162 Sale Price - $607,811   Market Time - 30 days

Although the volume of single-family and multi-family home sales are not consistent, those that sold in 2012 saw the average sale price up sharply over both 2010 and 2011.

To view all of the current MLS real estate listings in South Boston, you will need an ID which is "2351184" 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.

Since we do not live in a perfect world, it is wise to see if there is any reported criminal activity in the area in which you decide to live.