If you hail from Denver and make your home anywhere outside the confines of the space located directly beneath a rock, you are probably aware that our beloved Broncos are headed to Super Bowl 50 this Sunday, February 7th. Even if you don’t bleed orange and blue, it’s kind of a big deal for hometown fans.
Whether you’re a math nerd or a sports buff, you’ll appreciate these cool stats on Super Bowl 50. Here are a few of our faves from the list:
- The average resale price for a Super Bowl 50 ticket is $5,000.
- Peyton Manning is the oldest Super Bowl Quarter Back in history – and this is the biggest age difference in team matchup Quarter Backs in the history of the Super Bowl. Manning is about to beat his own age difference record set back in 2013.
- You gotta heart Peyton Manning! He is the only quarterback to take multiple teams to the Super Bowl multiple times – first the Colts, now the Broncos.
- No sense crying over spilt milk! The Panthers are one of 13 teams that have never won a Super Bowl.
These stats got us thinking:
What impact, if any, do professional sports teams have on residential real estate values?
According to several studies, it turns out there is a correlation between higher home values and proximity to a professional sports stadium or arena. One study cited by this white paper indicated that the presence of an NFL franchise raised rent by approximately 8% in central cities (metropolitan areas directly associated with the stadium, such as Denver proper.) The math involved looks something like this: [Eðee0 Þ ¼ r2 ðI þ cWÞðI þ cWÞ 0 ¼ r2].
We can tell you the net proceeds on the sale of your home when you work with commission free TRELORA, but please don’t ask us to work out this equation. It’s a doozy!
We’re lucky enough here in Denver to host several stellar sports franchises: the Broncos, Nuggets, Avalanche, Rockies and Rapids. For sports fans (and the rest of us, too) this is a pretty great place to live.
Come to the TRELORA TAILGATE
Kick Off the Super Bowl Weekend!
Friday February 5th, 2016
2401 15th Street Unit 150
Get fired up for the Broncos' march to the Super Bowl! Kick off your weekend for the Big Game with TRELORA. We invite you to come enjoy cocktails, meet your TRELORA team, and to hear how TRELORA continues to elevate the future of real estate!
Light appetizers and drinks will be provided. There are parking meters and surface lot options conveniently located around our building.