Real Estate in Boston is expensive and it’s not just Boston that is expensive, but the state as a whole is an expensive state to call home, and if you’re wondering what the top five zip codes are in Massachusetts that you will have to pay to call these areas home. These are the most expensive zip codes in the state. Did your zip code make the list?
1) 02199-Dalton Street, Huntington, Boylston, Belvedere Street all make up this zip code. When you think of buildings like the Belvedere Building, One Dalton, Trinty Place, and the Mandarin.
Building Average List Price 2015 Average List Price 2016 Median 2015 Median 2016 Price per sq foot 2015 Price per sq foot 2016 Increase or Decrease
The Belvedere $2,118,750 2,288.33 $1,720,000 $2,499,000 $1,367 $1,413 69%+
The Mandarin $3,137,571 2,659,980 $3,000,000 $3,150,000 $1,761 $1,566 95%+
Trinty $1,517,167 $1,190,000 $1,296,500 $825,000 $993 $1,212 63%-
One might ask why such a premium for this zips code? Location, Location Location, and the amenities that these residences offer are top of the line services. Most of these properties didn’t see a huge shift in lower prices, but Trinity did see their median price drop in 2016, but overall prices haven’t come down but have gone up and many predict 2017 to be much of the same due to the fact there is a supply and demand issue in the city. If you are an owner in any of these buildings you should be all smiles with these numbers.
2) 02108- when you think of addresses like Tremont on the Common, One Charles, Four Seasons, Grandview, Heritage, and Parkside All of these buildings fall under this zip code.
Tremont on Common $658,035 $647,599 $599,000 $647,500 $946 $917.00 92%-
One Charles $1,436,564 $1,473,737 $1,489,761 $1,425,000 $1,167 $1,164 96%+
Four Season $2,067,844 $2,056,740 $1,591,000 $2,052,500 $1,288 $1,379 77%+
Grandview $2,300,000 $1,803,750 $2,325,000 $2,052,500 $950 $1,379 88%-
The Hertiage $7,397,500 $4,003,571 $3,800,000 $4,350,000 $2,161 $1,755 87%+
The majority of the building their prices have not gone down when looking at sales history from the year prior for the exception if Tremont on the Common which has seen their value go down, but it could be due in part that Tremont on the Common is an older style building. The Grandview and One charles were among the few that saw an increase in pice
3) 02481 Wellesley Hills is located in eastern mass. Towns that are located nearby are Newton, Needham, and Weston the average list price in 2016 $1,522,771 in 2016 with a median $1,487,433 and a price per square foot of $462.
When looking at the sales history in 2015 vs 2016 you can see folks continue to pay top dollar to live in Wellesley
Wellesley Hills Average List 2015 Average List 2016 Median 2015 Median 2016 Price Per sq foot 2015 Price per square foot 2016 Increase or Decrease
$1,390,573 $1,522,771 $1,340,981 $1,487,433 $443.00 $462.00 66%+
Wellesley Hills is great for just about anyone but ideal for families or folks who want to start a family. Buyers will continue to pay top dollar in 2017 to call Wellesley home.
4) 02554 Nantucket many of us have vacationed there in the spring and summer months. Nantucket is located south of Cape Cod. The average list price in 2016 for Nantucket is $1,522,771 and the median sale price was $1,487,433 and price per square footage of $462.00. When looking at the sales history in 2015 the average list was $945,000 and median sales price $1,022,500 and price per square foot was $465.000. As one can see living in Nantucket the price tag intro price has vastly changed. Many experts expect the trend to continue in 2017.
5) 02467 Chestnut Hill located in Newton MA. Some folks confuse Chestnut Hill as part of Brookline, but Chestnut Hill is located in Newton MA and is 6 miles from Boston. The Average list price for Chestnut Hill in 2016 was $1,801,044 and median sales price was $1,738,889 and price per square footage was $423.00
Prices in Chestnut Hill have come down when you compare prices from 2015. Prices in Chestnut Hill in 2015 average list 1,940,935 and median sales price $1,895,003 and price per square foot was 455.00 The fact that prices have come down could be the fact that we have a shift of folks who want to move into the city vs life in the suburbs.
These are just the top five zip codes out of fifty zip codes that made Boston Magazine list. If you would like to see the complete list and research other great towns to call home.
Looking to buy in one of these five zip code or maybe surrounding areas contact me