Home to approximately 105,000 residents, Cambridge is known and revered worldwide for its venerable institutions of higher learning, diverse population and technological innovation that attracts artists, academics and business people from around the globe. Stretching 6.5 square miles across the Charles River from Boston, the state's capital and largest city, Cambridge offers an environment of tolerance and collaboration that has earned it the nickname, "The Peoples Republic." Residents are encouraged, and often quite willing, to voice their opinions and participate in the management and governance of the city.
Cambridge prides itself on its public education system and continues to invest heavily in new schools. There are 12 elementary schools, 4 upper schools and 1 high school as well as 3 charter schools and an early childhood education program. There is a $90 million state-of-the-art main public library that was renovated and expanded in '09. Harvard University, MIT, Lesley University and Cambridge School of Culinary Arts comprise the higher education sector and contribute in countless ways to the city. Additionally, Cambridge is the home for the Longy School of Music and the Episcopal Divinity School.
In 2017, there were 89 single families sold, the average sales price was $1,805,054 and the average selling price to listing price ratio was 106%. There were 610 condominiums sold with an average sales price of $943,163, and a selling price to listing price ratio of 106%. There were 80 multi-family sales and they averaged $1,842,914, with a listing price to selling price ratio of 105%.