The Back Bay real estate market is currently the most desirable of all Boston neighborhoods. As of 2014, 32% of Back Bay households made $150,000 or more in annual income – the highest of all Boston Neighborhoods and there is a reason for it. From Copley Square to Newbury St to the Prudential Mall, Back Bay has a lot to offer residents. The shopping destinations are the best in the city with Saks, Neiman Marcus and many boutique shops inundating streets like Boylston, Newbury and Dartmouth. Restaurants abound including high end restaurants such as Mistral, Post 390, Grill 23, Abe and Louie’s and many, many more. The Back Bay also acts as a financial hub for small and large businesses alike in buildings such as the Hancock Tower and the Prudential Center. Many smaller sized office buildings line Boylston Street. The Green Line on the T runs through the center of Back Bay and the Back Bay train station has regional trains running frequently to South Station, Providence, New York City and beyond.
These unique attributes make the Back Bay highly desirable. In 2014, the average sales price was just over $1,500,000 and the average price per square foot was just south of $1,000 sf.