0
0
0

Real Estate in These Markets is a Home Run

by Peter Thomas Ricci

What MLB baseball teams are surrounded by the most valuable real estate? And do their winning percentages influence the local real estate markets?

baseball-real-estate-stadium-neighborhoods-wrigley-field-minute-maid-park-marlins-stadium

It’s opening day for Major League Baseball, and Trulia, as it seems to do with just about every major non-real estate event, has found some way to study the nation’s real estate markets on this quintessentially American day.

For its study, Trulia analyzed the asking prices in the past year for all the neighborhoods within two miles of an MLB stadium, and calculated what the price per square footage was for areas. Which ballparks boasted the priciest real estate? And how does our hometeam’s market compare? See our infographic below to find out.

Also, a couple interesting findings from Trulia’s analysis: first, though the correlation is not ironclad, there does seem to be a connection between a team’s likelihood to win the World Series and the price of the area’s real estate; and second, real estate prices do not appreciate greater (compared with the rest of the housing market) when the local team wins more games.

Read More Related to This Post

Comments

Join the conversation

New Subscribe