COGnitions

5
October 2018
COMMENTS (0)Market Trends, South End

Southwest Corridor Annex Deep Dive | By Jeff Hamilton

Boston neighborhood rivalries are almost as old as our fair city on a hill. Residents defend their home turf with a vengeance typically reserved for school allegiances and sports teams.

One South End sub neighborhood that residents espouse as passionately as any would be the Southwest Corridor Annex. This micro neighborhood is tucked in subtley alongside the origin of its namesake public park, the Southwest Corridor Park. A 4.1mile greenway, stretching from Back Bay Station all the way out to Jamaica Plain’s Forest Hills station, this linear park features many different activities and facilities.

Residents in this area cherish their “border guard” status which affords them equally convenient access to the big city feel of the Back Bay and the neighborhood charm of the South End. See the map below for more detail.

For those who travel by train to NYC or Providence (or even Boston’s western suburbs), this is an especially great place to call home. From your doorstep to Back Bay Station is under five minutes walking. Access to the Copley Mall and Prudential Center is similarly convenient.

Like most neighborhoods around the city, the Southwest Corridor Annex has appreciated in recent years. Here are the relevant statistics through the first three quarters of 2018 along with 2017 and 2016 data for context.

Data sourced through MLS PIN.

Of note, there have been zero single family home sales in this neighborhood in the last three years. Most of the buildings here have been cut up to condominiums. So far in 2018, there has been a 5.3 percent increase in the price per foot from 2017. This follows a more modest 1.2 percent increase from 2016 to 2017. Keep in mind, we’re dealing with a small number of overall sales and averages can be skewed by one or two sales.

Data sourced through MLS PIN.

Overall South End Sales Context

  • 9.9 percent price ($/SF) appreciation from 2016 to 2017
  • 6.8 percent price ($/SF) appreciation from 2017 to 2018

If you’re looking to break into this particular sub-market, you can expect roughly one property per month to list. If you’re looking at a particular price range, obviously, the number shrinks from there. All that to say, be ready to act quickly if this is where you want to live. In the last three years, the average number of days it takes for a property in this area to receive an offer is 14.

Columbus & Over is primed to assist Southwest Corridor Annex fans. Keep us in mind if you are interested in sourcing an off-market purchase or quietly seeking a high price to sell your home.