#> i was hopin for at least last of the real ones. wilson if they were feelin EXTRA spicy
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fob was so good but they didnt play ANY mania at all like guys...are u forgetting an album...ummm đ©đđ
anyway gn i will catch up with yous all tomoz <3
#jupiter.speaks#> i have a list of fics to read im so excited ehehe /genuine#> i was hopin for at least last of the real ones. wilson if they were feelin EXTRA spicy#> but they did play save rock and roll which slapped so hard fuck yeah#> also my fucking sleip keychain broke on the way in LUCKILY my friend saw i was like ahrgrgrghth. so he is safe but broken on the chain#> and i have many more ideas for which songs to add to ship playlists AND for scenes to write ohh we r cookin!#> nyway yea. gn gn lots of love <3
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Hut, Hut, Price Hike! Does Hosting a Super Bowl Have a Super Impact on Home Sales?
Dustin Bradford/Getty Images
Super Bowls are far more than just epic sporting events. Theyâre also unrivaled career makers (perma-MVP quarterback Tom Brady!) and breakers (sorry, nip-slip victim Janet Jackson). They launch ad campaigns into terrifying global ubiquity (Wassup!). They prompt the consumption of millions of pizzas, billions of chicken wings, and untold gallons of ranch dip.
But whatâs the true worth of the Super Bowl for the metro hosting the extravaganza? NFL officials like to brag that their little gridiron contest brings in hundreds of millions in local tourism and retail business. Itâs akin to a weeklong, megabudget city commercial, complete with swooping aerial shots and tons of celebrity cameos. But does any of that commerce and national attention translate into higher long-term housing sales?
When the first-down marker dust finally settles, what is the true real estate Super Bowl bump each year?
Experts debate the impact. âThereâs no doubt you can rent your apartment for a nice chunk of change for one weekend [for the Super Bowl],â says Victor Matheson, a professor at the College of the Holy Cross in Worcester, MA, who studies the economic impact of sporting events. âBut is that enough to move real estate prices?â
The clutch realtor.comŸ data team took the field to find out. We focused on the locations of the last five Super Bowls (XLVII through LI, for those of you keeping track at home). To gauge buyer interest, we compared how many people viewed realtor.com home listings in the host metros, from the month prior to the game to the month it was played. We analyzed the number of new home listings, comparing the total number of listings in the November and December prior to the game to January and February (the month of the game). Finally, we looked at the number of home sales and the median list price changes in the 12 months following the big game.
Turns out, near the downtowns and stadiums, thereâs a lot of actionâand weâre not talking about tailgating. Every city we examined experienced at least a 50% jump in the number of new home listings near the stadium leading up to the Super Bowl. But the longer-term impact varied widely, favoring lower-tier places like New Orleans and Glendale, AZ, which have attractive markets for second (or third) homes. There was way less of an effect on the already skyrocketing markets in New York and Silicon Valley.
So letâs take a slant route down memory lane to check out recent Super Bowls. Some were spectacular, some were Super Snoresâą. But all had an impact on local housing.
Hike!
2018:Â Minneapolis, MN
Current median home price in stadiumâs ZIP code: $572,000
U.S. Bank Stadium in Minneapolis
Joe Robbins/Getty Images
Even before U.S. Bank Stadium opened in 2016, the neighborhood around the stadium, referred to as East Town, was being flooded with new development.
Just about everyone in this resurgent town was wishinâ and hopinâ and thinkinâ and prayinâ for their beloved Vikings to make history this year, as the first team to play a Super Bowl in its home stadium. Alas, the Vikes were vanquished by the Philadelphia Eagles, who will now do their best to unseat the scarily robotic New England Patriots in this yearâs showdown. Regardless of local disappointment, the Minneapolis rental and hotel industry is getting a big boost. All those Eagles fans and No. 12 jersey owners need a place to stay, after all, and plenty are shelling out big. Take this swanky mansion, listed for $10,000 per night on Airbnb.
âI live fairly close to the stadium, so Iâve raised my prices for that room seven times higher,â says Kevin Han, a Minneapolis-based lawyer. He normally rents a room in his home on Airbnb for $50 per night, but listed it for $350 per night the weekend of the Super Bowl, with a three-night minimum.
Minneapolis isnât really a vacation destination, though, so home sellers arenât expecting to net many buyers from out of town. Local real estate agents say sellers arenât sure if they should list before the Super Bowl, and perhaps wait until things die down to list.
Minneapolis worked hard to get the Super Bowl, erecting a new $975 million stadium. But will it have a lasting impact? âA Super Bowl in Minneapolis is almost certainly a one-off event,â Matheson believes. âA Super Bowl isnât ultimately going to move the market very much.â
During the NFC Championships, when the Minnesota Vikings played, real estate broker Geoff Bray held an open house that was attended by only four people. About 50 had come through the previous day.
If the Vikings had beat the Eagles to make it to the Big Show, âthe entire state would have shut down to celebrate,â says Bray, of Engel & Völkers Minneapolis. âThat weekend would have been devastatingly slow for real estate.â
2017:Â Houston, TX
Current median home price in stadiumâs ZIP code: $150,000 Percentage change since the Super Bowl: -18%
Super Bowl LI
Tony Frenzel
Houston experienced tragedy in 2017, when Hurricane Ike cut a swath through the city in October. On an infinitely less consequential note, it saw a different kind of disaster earlier in the year, when the Super Bowl was played 6 miles south of downtown, at NRG Stadium, home to the Houston Texans.
Atlanta Falcons quarterback Matt Ryan got the nickname âMatty Iceâ for his tendency to pull out wins at the end of games. But after getting out to a 28-to-3 lead over the New England Patriots, he melted into an oily puddle in the fourth quarter, and the game finished with Pats QB Tom Brady holding up his fifth Vince Lombardi Trophy.
But there was nothing frozen about Houstonâs housing market at first. In January and February 2017, the number of home listings in the metro area jumped 30%, including a 52% jump in the ZIP code that is home to NRG Stadium, where the game was held. In fact, four of the five ZIP codes in Houston that saw the biggest new listing increases were within 8 miles of the Super Bowl venue.
Although the number of home sales actually wound up dropping for the yearâthanks to the hurricane and its aftermathâcondos attracted more interest. In the weeks leading up to the Super Bowl, there were out-of-town buyers purchasing $100,000 to $200,000 condos in cash, according to real estate broker Brooks Ballard of Engel & Völkers. They were convinced it was more cost-effective to buy than to pay $10,000 for a weeklong rental. Some of those buyers turned around to resell, and others are hanging on to the property as an investment.
Airbnb reported a big jump in rentals leading up to the Super Bowl. In fact, 50% of Airbnb listings in Houston were from first-time Airbnb hosts.
âHouston saw a dramatic increase in the demand for luxury rentals in the lead-up to last yearâs Super Bowl,â says Allen Shayanfekr, CEO and co-founder of Sharestates, a New York-based real estate investment business.
2016:Â Santa Clara, CA
Current median home price in stadiumâs ZIP code: $986,600 Percentage change since the Super Bowl: +3%
Super Bowl 50
Tony Frenzel
Super Bowl 50 featured one of the gameâs all-time great quarterbacks, matched up against the leagueâs fastest rising star. The high-flying duel between the Denver Broncosâ Peyton Manning and the Carolina Panthersâ Cam Newton promised plenty of fireworks, and locals expected the housing market, particularly short-term home rentals, to blow up as well.
The game was played in the $1.2 billion Leviâs Stadium, which opened in 2014 as the new home of the San Francisco 49ers, replacing historic Candlestick Park. The 68,500-seat stadium is in Santa Clara, in the heart of Silicon Valley, more than 40 miles from San Francisco.
Rental demand turned out to be three times higher for the Super Bowl in Santa Clara than in the previous year in Glendale, according to Airbnb. But even so, peopleâs expectations in this already inflated market were hard to meet.
âPeople not even close to the stadium thought they could get two or three monthsâ worth of rent for a single week,â says Rick Smith, real estate broker at Windermere Real Estate in Santa Clara. âIt didnât happen, and many were disappointed.â
Smith says rentals in San Francisco fared much better, probably because thatâs where most of the pre-Super Bowl festivities took place.
Aside from rentals, Santa Clara didnât see a big housing boost. In fact, total realtor.com page views in the area were down 16%, and sales fell 4% in the following year. However, there was 13% uptick in page views in the ZIP code containing Levi Stadium.
But Silicon Valleyâs superhigh prices didnât appeal much to folks just passing throughâthe median list price in the San Jose metro area, which includes Santa Clara, was $912,000 in February 2016. (Today, itâs $1.1 million.)
2015:Â Glendale, AZÂ (outside Phoenix)
Current median home price in stadiumâs ZIP code: $310,000 Percentage change since the Super Bowl: +24%
Super Bowl XLIX
Tony Frenzel
Super Bowl XLIX is considered one of the greats. The New England Patriots rallied to take the lead. In response, Seahawks quarterback Russell Wilson took the team to the Patriotsâ 1-yard line with 26 seconds left in the game. So close! But then Wilson threw a game-ending interception, and so Brady added a fourth ring to his collection. (Dâoh!)
But Phoenix didnât just host a terrific Super Bowl. It was also among the housing markets that got the biggest boost from the event.
The game was played at the University of Phoenix Stadium, home to the Arizona Cardinals, located 13 miles out of downtown Phoenix. New home listings in the Phoenix metro jumped 31% in January and February of 2015, compared to 22% nationally. The ZIP code where the stadium is located saw new home listings jump 100% in that period.
âI had around 10 sellers who wanted to get listed before the Super Bowl, because they knew there was going to be an extraordinary amount of extra exposure,â says Kristy Ryan, a real estate agent at RE/MAX Fine Properties in Phoenix.
Phoenix has a large second-home market popular with retirees seeking warmer climes. So it only makes sense that the Super Bowl, which brings in thousands of wealthy tourists, would mean plenty of opportunities for home sellers in Glendale and Phoenix. Dollar dollar bill, yâall.
Ryan saw this firsthand. She sold a $2.8-million second home to a New York couple who were in town for the game.
âThey thought, âHey, while we are here, we can look.â And then they fell in love,â Ryan says.
2014:Â East Rutherford, NJÂ (outside New York City)
Current median home price in stadiumâs ZIP code: $322,700 Percentage change since the Super Bowl: -3%
Super Bowl XLVIII
Tony Frenzel
In the Big Apple, the big game just didnât have the same punchâeither for the local economy or fans. The underdog Seattle Seahawks trampled the Denver Broncos in what turned out to be one of the biggest blowouts in Super Bowl history.
MetLife Stadium, home to both the New York Giants and the New York Jets, became the first outdoor venue to hold the midwinter event. But itâs New York in name only. The stadium is the centerpiece of a sports complex carved out of the nothingness of the Meadowlands area in East Rutherford, NJ, a 25-minute drive from Manhattan.
For most towns, an influx of some 100,000 fans has a significant impact on the local economy. But in the New York City metro, which has more than 20 million people, that doesnât push the number of rentalsâor home listingsâthrough the roof.
And the additional media attention doesnât move the needle much in this famed city, either.
âEveryone knows New York, theyâve probably been here before, so the Super Bowl wouldnât create a new identity for people about it, unlike some other places,â says Gary Malin, president of the real estate brokerage Citi Habitats. âThe city already has that cachet.â
The New York City housing market as a whole doesnât appear to have received a big boost from the Super Bowl. The exception is the community near the stadium. The East Rutherford ZIP code where the stadium is located saw new home listings jump 150% around the time of the game. Additionally, that area saw a 17% increase in realtor.com page views, while the entire metro fell 4%.
And while the game didnât quite set the regionâs housing market on fire, it wasnât a complete wash, says Jim Kirkos, CEO of the Meadowlands Regional Chamber in New Jersey.
âThe first priority was to get as much economic impact as possible,â he says. âBut we also got to showcase the greater Meadowlands, and show people it is a great place to live, work, and do business.â
2013:Â New Orleans, LA
Current median home price in stadiumâs ZIP code: $398,500 Percentage change since the Super Bowl: 25%
Super Bowl XLVII
Tony Frenzel
This Big Easyâs Super Bowl, held in the Mercedes-Benz Superdome, just a mileâs walk from the French Quarter, had plenty of drama. For starters, there was the battle of the Harbaughs: Baltimore Ravens head coach John Harbaugh taking on 49ers honcho Jim Harbaughâaka his little bro. Then there was the halftime show put on by BeyoncĂ©Â and her old crew, Destinyâs Child. And shortly after the show, the stadiumâs power went out, which caused the game to be postponed for more than 30 minutes, and seemed to change the momentum of the contest.
But those technical difficulties didnât stall the local housing market. The game gave home sales a nice jolt, says Joyce Delery, a broker at Engel & Völkers New Orleans. Thatâs thanks to its supply of desirable vacation homes, particularly condominiums in the Warehouse District and homes in the historic French Quarter.
New listings around the stadium jumped 67% around the time of the Super Bowl, compared with 29% during that period nationally.
âThese [fans] are the type of people who could afford second or third homes,â Delery says.âYou have people who make impulse looks, or maybe [even an] impulse buy.â
And those who stayed in town one more week after the game got to experience Mardi Gras. Could that be why the Super Bowl keeps coming back?
The post Hut, Hut, Price Hike! Does Hosting a Super Bowl Have a Super Impact on Home Sales? appeared first on Real Estate News & Insights | realtor.comÂź.
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Hut, Hut, Price Hike! Does Hosting a Super Bowl Have a Super Impact on Home Sales?
Dustin Bradford/Getty Images
Super Bowls are far more than just epic sporting events. Theyâre also unrivaled career makers (perma-MVP quarterback Tom Brady!) and breakers (sorry, nip-slip victim Janet Jackson). They launch ad campaigns into terrifying global ubiquity (Wassup!). They prompt the consumption of millions of pizzas, billions of chicken wings, and untold gallons of ranch dip.
But whatâs the true worth of the Super Bowl for the metro hosting the extravaganza? NFL officials like to brag that their little gridiron contest brings in hundreds of millions in local tourism and retail business. Itâs akin to a weeklong, megabudget city commercial, complete with swooping aerial shots and tons of celebrity cameos. But does any of that commerce and national attention translate into higher long-term housing sales?
When the first-down marker dust finally settles, what is the true real estate Super Bowl bump each year?
Experts debate the impact. âThereâs no doubt you can rent your apartment for a nice chunk of change for one weekend [for the Super Bowl],â says Victor Matheson, a professor at the College of the Holy Cross in Worcester, MA, who studies the economic impact of sporting events. âBut is that enough to move real estate prices?â
The clutch realtor.comŸ data team took the field to find out. We focused on the locations of the last five Super Bowls (XLVII through LI, for those of you keeping track at home). To gauge buyer interest, we compared how many people viewed realtor.com home listings in the host metros, from the month prior to the game to the month it was played. We analyzed the number of new home listings, comparing the total number of listings in the November and December prior to the game to January and February (the month of the game). Finally, we looked at the number of home sales and the median list price changes in the 12 months following the big game.
Turns out, near the downtowns and stadiums, thereâs a lot of actionâand weâre not talking about tailgating. Every city we examined experienced at least a 50% jump in the number of new home listings near the stadium leading up to the Super Bowl. But the longer-term impact varied widely, favoring lower-tier places like New Orleans and Glendale, AZ, which have attractive markets for second (or third) homes. There was way less of an effect on the already skyrocketing markets in New York and Silicon Valley.
So letâs take a slant route down memory lane to check out recent Super Bowls. Some were spectacular, some were Super Snoresâą. But all had an impact on local housing.
Hike!
2018:Â Minneapolis, MN
Current median home price in stadiumâs ZIP code: $572,000
U.S. Bank Stadium in Minneapolis
Joe Robbins/Getty Images
Even before U.S. Bank Stadium opened in 2016, the neighborhood around the stadium, referred to as East Town, was being flooded with new development.
Just about everyone in this resurgent town was wishinâ and hopinâ and thinkinâ and prayinâ for their beloved Vikings to make history this year, as the first team to play a Super Bowl in its home stadium. Alas, the Vikes were vanquished by the Philadelphia Eagles, who will now do their best to unseat the scarily robotic New England Patriots in this yearâs showdown. Regardless of local disappointment, the Minneapolis rental and hotel industry is getting a big boost. All those Eagles fans and No. 12 jersey owners need a place to stay, after all, and plenty are shelling out big. Take this swanky mansion, listed for $10,000 per night on Airbnb.
âI live fairly close to the stadium, so Iâve raised my prices for that room seven times higher,â says Kevin Han, a Minneapolis-based lawyer. He normally rents a room in his home on Airbnb for $50 per night, but listed it for $350 per night the weekend of the Super Bowl, with a three-night minimum.
Minneapolis isnât really a vacation destination, though, so home sellers arenât expecting to net many buyers from out of town. Local real estate agents say sellers arenât sure if they should list before the Super Bowl, and perhaps wait until things die down to list.
Minneapolis worked hard to get the Super Bowl, erecting a new $975 million stadium. But will it have a lasting impact? âA Super Bowl in Minneapolis is almost certainly a one-off event,â Matheson believes. âA Super Bowl isnât ultimately going to move the market very much.â
During the NFC Championships, when the Minnesota Vikings played, real estate broker Geoff Bray held an open house that was attended by only four people. About 50 had come through the previous day.
If the Vikings had beat the Eagles to make it to the Big Show, âthe entire state would have shut down to celebrate,â says Bray, of Engel & Völkers Minneapolis. âThat weekend would have been devastatingly slow for real estate.â
2017:Â Houston, TX
Current median home price in stadiumâs ZIP code: $150,000 Percentage change since the Super Bowl: -18%
Super Bowl LI
Tony Frenzel
Houston experienced tragedy in 2017, when Hurricane Ike cut a swath through the city in October. On an infinitely less consequential note, it saw a different kind of disaster earlier in the year, when the Super Bowl was played 6 miles south of downtown, at NRG Stadium, home to the Houston Texans.
Atlanta Falcons quarterback Matt Ryan got the nickname âMatty Iceâ for his tendency to pull out wins at the end of games. But after getting out to a 28-to-3 lead over the New England Patriots, he melted into an oily puddle in the fourth quarter, and the game finished with Pats QB Tom Brady holding up his fifth Vince Lombardi Trophy.
But there was nothing frozen about Houstonâs housing market at first. In January and February 2017, the number of home listings in the metro area jumped 30%, including a 52% jump in the ZIP code that is home to NRG Stadium, where the game was held. In fact, four of the five ZIP codes in Houston that saw the biggest new listing increases were within 8 miles of the Super Bowl venue.
Although the number of home sales actually wound up dropping for the yearâthanks to the hurricane and its aftermathâcondos attracted more interest. In the weeks leading up to the Super Bowl, there were out-of-town buyers purchasing $100,000 to $200,000 condos in cash, according to real estate broker Brooks Ballard of Engel & Völkers. They were convinced it was more cost-effective to buy than to pay $10,000 for a weeklong rental. Some of those buyers turned around to resell, and others are hanging on to the property as an investment.
Airbnb reported a big jump in rentals leading up to the Super Bowl. In fact, 50% of Airbnb listings in Houston were from first-time Airbnb hosts.
âHouston saw a dramatic increase in the demand for luxury rentals in the lead-up to last yearâs Super Bowl,â says Allen Shayanfekr, CEO and co-founder of Sharestates, a New York-based real estate investment business.
2016:Â Santa Clara, CA
Current median home price in stadiumâs ZIP code: $986,600 Percentage change since the Super Bowl: +3%
Super Bowl 50
Tony Frenzel
Super Bowl 50 featured one of the gameâs all-time great quarterbacks, matched up against the leagueâs fastest rising star. The high-flying duel between the Denver Broncosâ Peyton Manning and the Carolina Panthersâ Cam Newton promised plenty of fireworks, and locals expected the housing market, particularly short-term home rentals, to blow up as well.
The game was played in the $1.2 billion Leviâs Stadium, which opened in 2014 as the new home of the San Francisco 49ers, replacing historic Candlestick Park. The 68,500-seat stadium is in Santa Clara, in the heart of Silicon Valley, more than 40 miles from San Francisco.
Rental demand turned out to be three times higher for the Super Bowl in Santa Clara than in the previous year in Glendale, according to Airbnb. But even so, peopleâs expectations in this already inflated market were hard to meet.
âPeople not even close to the stadium thought they could get two or three monthsâ worth of rent for a single week,â says Rick Smith, real estate broker at Windermere Real Estate in Santa Clara. âIt didnât happen, and many were disappointed.â
Smith says rentals in San Francisco fared much better, probably because thatâs where most of the pre-Super Bowl festivities took place.
Aside from rentals, Santa Clara didnât see a big housing boost. In fact, total realtor.com page views in the area were down 16%, and sales fell 4% in the following year. However, there was 13% uptick in page views in the ZIP code containing Levi Stadium.
But Silicon Valleyâs superhigh prices didnât appeal much to folks just passing throughâthe median list price in the San Jose metro area, which includes Santa Clara, was $912,000 in February 2016. (Today, itâs $1.1 million.)
2015:Â Glendale, AZÂ (outside Phoenix)
Current median home price in stadiumâs ZIP code: $310,000 Percentage change since the Super Bowl: +24%
Super Bowl XLIX
Tony Frenzel
Super Bowl XLIX is considered one of the greats. The New England Patriots rallied to take the lead. In response, Seahawks quarterback Russell Wilson took the team to the Patriotsâ 1-yard line with 26 seconds left in the game. So close! But then Wilson threw a game-ending interception, and so Brady added a fourth ring to his collection. (Dâoh!)
But Phoenix didnât just host a terrific Super Bowl. It was also among the housing markets that got the biggest boost from the event.
The game was played at the University of Phoenix Stadium, home to the Arizona Cardinals, located 13 miles out of downtown Phoenix. New home listings in the Phoenix metro jumped 31% in January and February of 2015, compared to 22% nationally. The ZIP code where the stadium is located saw new home listings jump 100% in that period.
âI had around 10 sellers who wanted to get listed before the Super Bowl, because they knew there was going to be an extraordinary amount of extra exposure,â says Kristy Ryan, a real estate agent at RE/MAX Fine Properties in Phoenix.
Phoenix has a large second-home market popular with retirees seeking warmer climes. So it only makes sense that the Super Bowl, which brings in thousands of wealthy tourists, would mean plenty of opportunities for home sellers in Glendale and Phoenix. Dollar dollar bill, yâall.
Ryan saw this firsthand. She sold a $2.8-million second home to a New York couple who were in town for the game.
âThey thought, âHey, while we are here, we can look.â And then they fell in love,â Ryan says.
2014:Â East Rutherford, NJÂ (outside New York City)
Current median home price in stadiumâs ZIP code: $322,700 Percentage change since the Super Bowl: -3%
Super Bowl XLVIII
Tony Frenzel
In the Big Apple, the big game just didnât have the same punchâeither for the local economy or fans. The underdog Seattle Seahawks trampled the Denver Broncos in what turned out to be one of the biggest blowouts in Super Bowl history.
MetLife Stadium, home to both the New York Giants and the New York Jets, became the first outdoor venue to hold the midwinter event. But itâs New York in name only. The stadium is the centerpiece of a sports complex carved out of the nothingness of the Meadowlands area in East Rutherford, NJ, a 25-minute drive from Manhattan.
For most towns, an influx of some 100,000 fans has a significant impact on the local economy. But in the New York City metro, which has more than 20 million people, that doesnât push the number of rentalsâor home listingsâthrough the roof.
And the additional media attention doesnât move the needle much in this famed city, either.
âEveryone knows New York, theyâve probably been here before, so the Super Bowl wouldnât create a new identity for people about it, unlike some other places,â says Gary Malin, president of the real estate brokerage Citi Habitats. âThe city already has that cachet.â
The New York City housing market as a whole doesnât appear to have received a big boost from the Super Bowl. The exception is the community near the stadium. The East Rutherford ZIP code where the stadium is located saw new home listings jump 150% around the time of the game. Additionally, that area saw a 17% increase in realtor.com page views, while the entire metro fell 4%.
And while the game didnât quite set the regionâs housing market on fire, it wasnât a complete wash, says Jim Kirkos, CEO of the Meadowlands Regional Chamber in New Jersey.
âThe first priority was to get as much economic impact as possible,â he says. âBut we also got to showcase the greater Meadowlands, and show people it is a great place to live, work, and do business.â
2013:Â New Orleans, LA
Current median home price in stadiumâs ZIP code: $398,500 Percentage change since the Super Bowl: 25%
Super Bowl XLVII
Tony Frenzel
This Big Easyâs Super Bowl, held in the Mercedes-Benz Superdome, just a mileâs walk from the French Quarter, had plenty of drama. For starters, there was the battle of the Harbaughs: Baltimore Ravens head coach John Harbaugh taking on 49ers honcho Jim Harbaughâaka his little bro. Then there was the halftime show put on by BeyoncĂ©Â and her old crew, Destinyâs Child. And shortly after the show, the stadiumâs power went out, which caused the game to be postponed for more than 30 minutes, and seemed to change the momentum of the contest.
But those technical difficulties didnât stall the local housing market. The game gave home sales a nice jolt, says Joyce Delery, a broker at Engel & Völkers New Orleans. Thatâs thanks to its supply of desirable vacation homes, particularly condominiums in the Warehouse District and homes in the historic French Quarter.
New listings around the stadium jumped 67% around the time of the Super Bowl, compared with 29% during that period nationally.
âThese [fans] are the type of people who could afford second or third homes,â Delery says.âYou have people who make impulse looks, or maybe [even an] impulse buy.â
And those who stayed in town one more week after the game got to experience Mardi Gras. Could that be why the Super Bowl keeps coming back?
The post Hut, Hut, Price Hike! Does Hosting a Super Bowl Have a Super Impact on Home Sales? appeared first on Real Estate News & Insights | realtor.comÂź.
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