It can be tough deciding to move out of your Oakville homes but if you've been accepted into Harvard University or offered a job at one of the emerging biotech firms at University Park, it can be too good of an opportunity to pass up. Don't worry, though, you won't be entirely on your own when it comes to figuring out what you can afford and where you should live in Cambridge. You've got us to provide you with information. You can start with this overview of Cambridge real estate information.

Prices

How much is this going to cost me? Is the question that most potential buyers want answered first. Well, compared with real estate in Scarborough, Toronto you might be in for a bit of sticker shock. The average listing price in Cambridge is nearly $700,000 and the median sale price is just over $400,000. This puts the average price per square foot at around $432. At the neighborhood level, the more popular places to live vary in asking price from $379,000 to $1,626,000. Obviously this is much more than any student can afford, which is why most of them rent apartments or live in dorms.

Trends

Though many parts of the country are still in the grip of the recession, and you can even still see its effects on the value of Mississauga condos for sale, Cambridge home values are trending upward, and have been for over a year. The price per square foot has jumped nearly 5% since last year. Though the average listing price has been climbing steadily, the median sales price has fallen by about 10% since last year.

Home Types

The two prevalent types of living spaces in Cambridge, Massachusetts are the large single family detached home and the apartment. The city's population is a balance between two extremes. At one end are the well off educators and technology workers and at the other are the students, many of which are supported by loans and are thus on a budget. You won't find many of the condos you're used to if you're from the Yonge and Eglinton district of Toronto, nor will you see very many town houses.

Neighborhoods

Due to the yuppie/student dichotomy, you'll see a marked difference between neighborhoods near Harvard and MIT and the ritzy suburban neighborhoods favored by the independent professionals. While you won't find many parks like you would see along the Trent Severn Waterway you will get neighborhoods full of cheap bars, convenience stores, and affordable apartments.

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