Beverly named hottest ZIP code in America by Realtor.com
In a statement, the Mayor of Beverly, Michael P. Cahill, said that Beverly residents 'have always known what a great city we live in.'
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'Thank you to Realtor.com for recognizing all that Beverly has to offer,' the statement continued. 'We welcome anyone who wants to come for a visit, or to make a home or start a business here with us in Beverly - America's new favorite city.'
Fishbane said the mean price of a house in Beverly nowadays is approximately $700,000, but some houses can go well into the millions of dollars.
To make their selection for hottest ZIP code, Realtor.com considers both the level of demand for houses within a particular zip code and how fast those houses sell for, according to their article.
'Nobody's selling,' said Fishbane. 'There's very few coming on the market, and because of that there's been a demand that has caused the market to appreciate.'
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'Many houses still go on and have multiple offers,' he added.
Realtor.com also noted the Cummings Center in Beverly, an office and research campus that houses 'about 600 businesses,' including AllClear Healthcare and Aetna Medicare Solutions, as being a motivation for people to move to Beverly.
Additionally, Fishbane said Beverly hosts a cohesive and strong community of people who 'have stayed here for years.'
'They haven't moved,' he said. 'The school systems are very good, and that's made a big difference in where people want to live.'
According to Realtor.com, more than 63% of views on its website for houses in Beverly came from within the Boston metro area.
Originally part of Salem, Beverly was first settled in 1626 by English settlers from Gloucester, according to historicbeverly.net. It was also the site of the first warship to be commissioned by George Washington, the schooner HANNAH, which patrolled the Massachusetts coast during the Revolutionary War, according to historicbeverly.net.
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