Downtown - 02108, 02110, 02114, 02210
Come Live in Downtown
The neighborhood of Downtown is primarily the Financial District, principally dominated by commercial buildings and activity. You will not find any single-family homes in the area, but you can find condominiums to buy or lease. If you should decide to buy or lease in Downtown, you will surely be in the center of the hustle and bustle of city life! Fortunately, the city is vibrant and constantly in motion. There are corner stores, retail stores, and grocery stores all within walking distance along with restaurants of all kinds.
Downtown is abuzz with tourist traffic throughout the summer. There are historic sites galore to see and experience when you live or visit Downtown! Sites include Government Center, City Hall, Faneuil Hall, Quincy Market, the New England Holocaust Memorial, and so much more! Some of our preferred restaurants here include Ruth’s Chris Steakhouse and many others in North End! Whether you buy or sell a home in Downtown – or anywhere else in Suffolk County – your “closing” might occur at the Suffolk County Register of Deeds in Government Center.
Downtown Real Estate Market
Housing has been running from $499,500 for a studio/pied-à-terre in the Folio to $9,500,000 for a double condo to an asking price of $14M for a corner penthouse condo in Millennium Tower. Much housing can be found in mid-rise buildings such as shown below. Rentals can run from $2,500 to $35,000 depending upon size, location, and amenities.
The following chart is a visual representation of the cyclical nature of real estate and compares the ups and downs between the neighborhood of Downtown to the ups and downs of the entire city of Boston. The taller the column the better it is for buyers. The shorter the column the better it is for sellers. Hence 2010 and 2018-2020 were the best times for a buyer to buy in Downtown. On the other hand, 2005 and 2013-2015 were great years for sellers. Now, not so much.
*AR stands for Absorption Rate. An AR of 3 or less indicates more inventory than buyers and is termed a seller’s market. An AR of 6 or more indicates a short supply of buyers to absorb all the inventory and is termed a buyer’s market. Now is a great time for buyers to be able to pick up a deal in Downtown.
Bookmark this page and check back anytime to see what is currently available in Downtown. Unlike other search sites which include properties already under contract, this site only shows properties that are truly available. Additionally, you can pick which type of housing – single-family, condo, or multi-family – to see at a glance.