The 10 Suffolk County areas where condo prices have risen the most this year
Condo prices are on fire in Boston and the inner suburbs.
Condo prices are on fire in Boston and the inner suburbs as we head deeper into the fall selling season.
The median condo price in Suffolk County—which is dominated by Boston but also includes Revere, Winthrop, and Chelsea—reached $540,000 during the first eight months of 2016, according to real estate market tracker and publisher The Warren Group. That represents a 12.5 percent jump from the same period last year, when it was $480,000.
Sales rose by 6.4 percent, with 3,749 condos changing hands by the end of August.
The biggest condo price increases came in Boston, where a number of neighborhoods experienced double-digit percentage increases.
Here are the top 10 neighborhoods and communities in Suffolk County that have seen the largest condo price increases this year. (Only neighborhoods with at least 50 sales so far this year were included.)
Number 1: Downtown Boston (includes Beacon Hill, Back Bay, Midtown, Fenway)
YTD sales: +17.6%
YTD median sale price: $885,000, up 18.1%
Number 2: East Boston
YTD sales: -6.2%
YTD median sale price: $400,000, up 17.6%
Number 3: South Boston
YTD sales: -4.6%
YTD median sale price: $628,500, +16.4%
Number 4: Chelsea
YTD sales: -4.2%
YTD median sale price: $275,250, +15.7%
Number 5: Jamaica Plain
YTD sales:-0.3%
YTD median sale price: $492,500, +12.2%
Number 6: Allston
YTD sales: -32.6%
YTD median sale price: $420,650, +11.9%
Number 7: West Roxbury
YTD sales: +13.3%
YTD median sale price: $346,250, +10.8%
Number 8: Dorchester
YTD sales: +10.1%
YTD median sale price: $375,000, +10.3%
Number 9: Brighton
YTD sales: -10.2%
YTD median sale price: $380,000, +10.1%
Number 10: Roslindale
YTD sales: + 31.5%
YTD median sale price: $388,750. +8.1%
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