Downtown Boston condos
We all know that an urban community has one characteristic that differs from surburban communities and that is walkability. Many young professionals, empty nesters, and young families are all starting to show more interest in urban communities such as Downtown Boston for buying a condo. A recent study by the Brooking Institution reported in Realtor Magazine and the article “Higher the Walkability, Higher the Home Value” that the walkability of urban areas show that real estate values and rent impacts by walking scores.
Survey Says
The article informs about five different steps or levels in walkablilty. They call it the walkability ladder and for every step up, the price per square foot increases with more than $300 on average for rental prices and $82 for house values. Another interesting fact is that for every step the average household income increases with $10,000.
Conclusion
We are starting to see an increase in demand for walkable living areas both in urban communities and suburbs. Many Downtown Boston condo and Boston Midtown high rises residents want to have restaurants, shopping and entertainment right outside the door or at least no more than a short stroll away.
Boston condos for sale
Back Bay Boston condos for sale
Beacon Hill Boston condos for sale
Charlestown Boston condos for sale
Navy Yard Charlestown Boston condos
Dorchester Boston condos for sale
Fenway Boston condos for sale
Jamaica Plain Boston condos for sale
Leather District Boston condos for sale
Midtown/Downtown Boston condos for sale
Seaport District Boston condos for sale
South Boston condos for sale
South End Boston condos for sale
Waterfront condos for sale
North End condos for sale
West End condos for sale
East Boston condos for sale
Boston condos for sale near Beacon Hill
Back Bay Boston condos
Beacon Hill Boston condos
Charlestown Boston condos
Navy Yard Charlestown Boston condos
Dorchester Boston condos
Fenway Boston condos
Jamaica Plain Boston condos
Leather District Boston condos
Midtown Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos
Waterfront new condos
North End new condos
West End new condos
East Boston condos
