In 2014,
Dorchester saw improvements across the board. Sales have
significantly increased reaching a new high of 734 properties sold
for the year. A decrease in the average days properties have been
on the market is at anew low of 60 days provingthat the demand to
purchase in this rapidly improving area is stronger than ever.
According to the Boston Business Journal, a task force was
created by Mayor Walsh, a Dorchester Native, to focus on
replicating the success of the Innovation District in other parts
of the city. A committee made up of 27 local leaders will focus
their efforts on four neighborhoods which include Dorchesters
Fields Corner, Bowdoin-Geneva neighborhood in Dorchester, Dudley
Square in Roxbury to Uphams Corner in Dorchester, and East Boston.
This committee can only cause improvements on such neighborhoods
that are already thriving on their own.
Voted Neighborhood of the
Year, Dorchester is significantly evolving as new restaurants,
businesses, and developments take over the main streets. Longtime
businesses are also revitalizing their store fronts and updating
their selections to keep up with this time of innovation.
A few up and coming developments in Dorchester include Ashmont
TOD2, a dynamic six-story development with approximately 81
residential units, ground floor retail, and underground and surface
parking. This new building is being designed as a contemporary,
environment-friendly, Transit Oriented Development that will build
on the success of The Carruth to bring a more walkable and better
utilized environment to Dorchester Avenue.
Another proposed development is a mixed-use, transit oriented
condo project on Savin Hill located directly across from our Gibson
Sothebys International Realty Savin Hill office and the MBTA
station. A spot that has been vacant for almost a decade now
according to Mayor Walsh, will be the Savin Hill Residences
comprised of 14 units of housing and a single commercial unit on
the first floor. There is also talk of another three-story condo
complex consisting of 22 residential units and a restaurant said to
be called the Dorchester located at 367 Neponset Avenue.
Dorchester has recently seen an influx of buyers due to the
reasonable prices and great location with easy access to public
transportation. With this boom of construction, the Dorchester
market can only improve. A great deal of Dorchesters recent
development has been surrounding the Ts Red Line and soon to be
stop on the MBTA Fairmont Line at Blue Hill Avenue. This stop is
set to open in June 2017 and will bring a great deal of
opportunities to Dorchesters western neighborhoods improving the
city overall.
Here at Gibson Sothebys International Realty we are Dorchester
specialists and are excited to be part of the changes to come in
these Dorchester neighborhoods. Contact any of our Savin Hill
office agents at 617.825.0800 for any of your real estate needs and
to find out what has made our team the #1 office in Dorchester
sales for 2014.
More Information: Dorchester Reporter,
Boston Business
Journal