Cambridge, a City of Culture, Education & Eco-consciousness.
Cambridge is located on the left Bank of the Charles River and across downtown Boston. The city is home to two prominent Universities, Harvard and MIT, but also to the most innovative district in the U.S., the Kendall square Hub, gathering all the world-class leading Biopharma's and Technologies Companies.
Cambridge is only 6.43 square miles and densely populated, so how lost can you get? With a territory less than a mile square, Cambridge counts 105,000 souls, coming from all backgrounds and origins. It is a place of diversity. Massachusetts Avenue is the main artery running from Boston all the way to Arlington, and 5 squares punctuate its routes: Kendall square, Central Square, Harvard square, Inman Square and finally Porter Square. Each neighborhood has its own personality, and you can choose between leafy family-friendly neighborhoods and urban and vibrant city living.
City government divides it into 13 neighborhoods: East Cambridge: Area 2/MIT; Wellington-Harrington; The Port (formerly Area IV); Cambridgeport; Mid-Cambridge; Riverside; Agassiz; Neighborhood Nine; West Cambridge; North Cambridge; Cambridge Highlands and Strawberry Hill.
With such a young population - the average age is 31 years old - the city gathers many of the Top Restaurants around Boston, many public libraries - and its most phenomenal Main Library on Broadway -, plenty of Blue bikes & Hubway stations and parks.
Cambridge has 8 Elementary schools, 4 Middle Schools which feed into one High School, the Cambridge Rindge & Latin School (CRLS). Cambridge children are eligible for preschool enrollment when they are between the ages of 2 years, 9 months and 4 years, 5 months. DHSP Preschool enrollment is determined by a lottery system. Visit schools websites.
International, Driven by Knowledge, this is Cambridge, MASS. Do you know?
- Cambridge has been ranked the second-best city to live in the U.S. according to a new report from Niche, March 2022
- Cambridge is one of only 33 municipalities nationwide to earn a AAA rating from all three of the major credit rating agencies
- Cambridge continues to have the lowest residential tax rate of any city in the Commonwealth. The tax rate for 2022 is $5.92 per $1,000 and Cambridge residents benefit from a residential exemption of $443,056 FY 2022.
- Cambridge is the Most Walkable city in 2012 according to Prevention Magazine, and it was named “No. 1 Most Walkable College Town” by Walk Score in December 2013.
- Cambridge has been ranked as one of the safest in the state. Both property crime and violent crime are below the national average. Cambridge is 21% safer compared to other major US cities according to Neighborhoodscout
The Cambridge Real Estate Market
- Cambridge has traditionally a low inventory of homes for sale, and the demand exceeds the number of homes available. Consequently, this is a fast-paced and competitive market.
- The Cambridge real estate market is solid. The community of realtors sell an average of +-800 homes a year, split as follows 80% condominiums, 10% single family homes and another 10% of multi-family buildings.
- Cambridge's housing expenses are higher than the national average. It has been an extremely competitive market for the past 10 years due to a growing demand and a housing inventory which remain low. Here is a snapshot of the average sale prices in 2021 for single family homes and condominiums.
The TOP#5 Most Expensive Home Sales in Cambridge in 2022
- The highest recorded sale of a single-family home in Cambridge in 2022 is 10 Channing Street, just off Brattle Street, a 9000-sf awe-inspiring reinvention of a manor home using only the most high-end finishes and refined taste throughout. Sold for $12,500,000 in 02138.
- The highest recorded sale in 02139 in 2022 is 15 Chalk Street Cambridge MA which I had the privilege to represent, market and sell. It sold for $3,525,000
The highest recorded sale of a condominium in Cambridge in 2022 was 8 Ellery Street in Mid Cambridge, a 4000 sf stunning residence newly completed. It sold for $4,600,000.
Followed by 198 Pearl Street, a detached new build 3000 sf home in Cambridgeport, which sold for $3,450,000 off-market. 72 Holworthy Street in Strawberry Hill, a 2018 new built, followed and sold for $3,300,000.
If you are about to embark in the journey of finding your dream home in Cambridge Mass, Sandrine Deschaux welcome the opportunity to walk you through the differences, subtilities, pros and cons, between neighborhoods and guide you through the decision-making process. Contact Sandrine now at 857.204.9872 or [email protected]
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UPDATED 2023
Read the Blog for the 2024 Housing Forecast
