GREATER BOSTON
Boston has a wealth of affluent neighborhoods and housing types including the 19th century Victorian brownstones of Back Bay, the Federal row houses of history-rich Beacon Hill and high-rise condos downtown. Median property prices in the prized Back Bay neighborhood jumped by 20.5 percent in the past year.
The Boston area’s wealthy elite have included Fidelity Investments CEO and president Abigail Johnson and Moderna CEO Stèphane Bancel. Moneyed pockets can be found in Boston suburbs Cambridge, Wellesley, and Weston, where median sales prices reached US $3.1 million in January. A summer draw for CEOs and celebrities alike are the beaches of Martha’s Vineyard. The island community offers high-profile property owners both physical and mental distance from the demands of everyday life. Private jets are their preferred mode of transportation to reach the insular getaway. Cape Cod, the site of the Kennedy family compound in Hyannis Port, has counted New England Patriots owner Robert Kraft among its affluent homeowners. And exclusive Nantucket, off the coast of Cape Cod, has been a summer home location for former Google CEO Eric Schmidt. Homes in Nantucket sold for US $3.3 million on average in 2021.
Bassick Real Estate Advisors is the exclusive member of Forbes Global Properties throughout Massachusetts
“The discerning second or third home buyer has many options in the Bay State—from the alluring island lifestyle of Martha’s Vineyard and Nantucket to the charming coastal communities of Cape Cod, and the vibrant, world-class city of Boston.” –Catherine Bassick, Bassick Real Estate Advisors