South Boston is proving to be THE hot spot when it comes to buying and renting in the city. We recently sat down with Joe Walsh from William Raveis Real Estate on East Broadway and had a little Q&A about trends in Southie real estate.
So what’s the going rate for a home this summer in Southie?
The market has two different rates. First time home buyers are spending somewhere between $450,000-550,000, while the luxury market including new construction is around the $900,000 ball park.
How about rents? What’s the average these days?
It all depends on what you’re looking for and what your roommate situation is like. It’s safe to say that a 1 bedroom in Southie will cost you around $2,200 at a minimum. If you’re in a roommate situation you can expect to pay $1,100 per person.
Why do you think Southie is such a popular place to live?
The connivence to everything that the milenial person is looking for. Beaches, bars, highway access, and most importantly, the city itself.
Favorite spot in Southie?
Hmm that’s a tough one! I’d have to say I have two favorite spots – walking around Castle Island, and watching softball games at the fields by Medal of Honor Park.
Favorite restaurant in Southie?
Huge fan of Lincoln. Great bar scene and the food is unbeatable!
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I agree that South Boston is the up and coming place to live. It has quick and easy access to downtown and public transportation which is important to people. There is a great sense of community and there is a lot of events and activities to do in the area. Great post, thanks for sharing!