Realtor.com® and Vivid Seats Bracket Predicts Fourth Seed U.C. Berkeley to Take Home Real Estate Tournament Title

Selections based on basketball ticket sales and strength of local housing markets

Mar 16, 2016, 09:00 ET from realtor.com

SANTA CLARA, Calif., March 16, 2016 /PRNewswire/ -- U.C. Berkeley will emerge as the champion of the real estate version of the 2016 March Madness® college basketball tournament, according to the realtor.com® and Vivid Seats housing market bracket released today which narrowed the final four field to – U.C. Berkeley, Iowa State, the University of Texas and the University of Michigan.

The collaborative effort leveraged Vivid Seats' – the largest independent ticket marketplace for live sports, concert, and theater events – sales information to identify the ZIP code representing the largest number of ticket sales for each team. Realtor.com®, a leading online real estate destination operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary Move, Inc., then made its picks using the hotness of each ZIP code's housing market as measured by speed of inventory movement and realtor.com® page views between November 2015 and February 2016.

Based on the analysis, U.C. Berkeley, which has the most ticket-buying fans in 94526 (Danville, Calif.), wins the tournament hands down thanks to its California Bay Area real estate dynamics. Other ZIP codes that made it to the real estate version of the Final Four® include Iowa State's most popular ticket market 50010 (Ames, Iowa); the University of Texas's 78613 (Cedar Park, Texas); and the University of Michigan's 48103 (Ann Arbor, Mich.). 

"Our analysis shows that ZIP codes with the highest number of college basketball ticket sales are also ballers when it comes to real estate," said Jonathan Smoke, chief economist for realtor.com®. "But you can only have one winner in The Big Dance®, and Danville's strong housing market, strong economy and favorable demographics helped it take down the net this year."

When it comes to residential listings, Danville is hot on and off the court receiving 62 percent more listing views than its surrounding San Francisco-Oakland-Hayward, Calif. Metro, which is the hottest market in the country. Its strong housing game is primarily driven by robust median household income of almost $120,000 and low unemployment associated with being in one of the strongest job markets in the country. Not to mention that homes in this market have some serious hops – selling 41 days more quickly than the typical listing in the US. While no one could touch Danville, the other markets that made it to the real estate version of the Final Four® -- Ames (50010); Cedar Park (78613) and Ann Arbor (48103) -- also brought the housing heat to the tournament with properties moving 40, 41, and 18 days more quickly than the US median age.

"The NCAA Men's Basketball Tournament is an exciting time to be a fan in any location, and the teams and fans who are a part of this year's tournament have many reasons to celebrate. We were happy to work with realtor.com® this year to give them yet another reason to celebrate: bragging rights to the hottest locations among zip codes that buy the most tickets," added Vivid Seats.

The research showed the ZIP codes that purchase the most college basketball tickets per team are typically more affluent suburbs located in close proximity to the college or university. But you won't find a lot of college students in these specific towns; all 68 teams included in the bracket not only have hotter than usual housing markets, their share of households making more than $100,000 is 30 percent higher than their surrounding metro and their unemployment rates are 16 percent lower.

See the table below* and attached bracket* to see how all 68 teams stack up in the tournament. Real estate bracket was determined ahead of play-in games. Data reflects the time period from between November 2015 and February 2016.

Team

ZIP code

Name of ZIP Code

ZIP code Hotness Index

How quickly homes sell in ZIP code

ZIP code home views vs. metro

Southern Conference

Kansas Jayhawks

66062

Olathe, KS

0.880

70 days

134%

Villanova Wildcats

19426

Collegeville, PA

0.671

109 days

126%

Miami Hurricanes

33156

Miami, FL

0.644

95 days

110%

California Golden Bears

94526

Danville, CA

0.983

44 days

143%

Maryland Terrapins

21784

Sykesville, MD

0.757

80 days

120%

Arizona Wildcats

85718

Tucson, AZ

0.624

74 days

96%

Iowa Hawkeyes

52302

Marion, IA

0.509

83 days

68%

Colorado Buffaloes

80302

Boulder, CO

0.843

77 days

124%

UConn Huskies

06010

Bristol, CT

0.624

93 days

65%

Temple Owls

19046

Jenkintown, PA

0.730

99 days

141%

Vanderbilt Commodores

37027

Brentwood, TN

0.907

57 days

107%

Wichita State Shockers

67205

Wichita, KS

0.738

86 days

86%

South Dakota State Jackrabbits

57105

Sioux Falls, SD

0.917

42 days

129%

Hawaii Rainbow Warriors

96814

Honolulu, HI

0.356

81 days

28%

Buffalo Bulls

14214

Buffalo, NY

0.927

60 days

171%

UNC Asheville Bulldogs

28806

Asheville, NC

0.931

57 days

153%

Austin Peay Governors

37043

Clarksville, TN

0.497

83 days

96%

Eastern Conference

North Carolina Tar Heels

27516

Chapel Hill, NC

0.606

103 days

70%

Xavier Musketeers

45140

Loveland, OH

0.793

68 days

122%

West Virginia Mountaineers

26554

Fairmont, WV

0.530

108 days

88%

Kentucky Wildcats

42301

Owensboro, KY

0.654

75 days

89%

Indiana Hoosiers

47630

Newburgh, IN

0.747

88 days

127%

Notre Dame Fighting Irish

46530

Granger, IN

0.766

93 days

210%

Wisconsin Badgers

53711

Madison, WI

0.663

91 days

98%

USC Trojans

91361

Westlake Village, CA

0.823

78 days

95%

Providence College Friars

02906

Providence, RI

0.701

85 days

99%

Pittsburgh Panthers

15601

Greensburg, PA

0.543

127 days

88%

Michigan Wolverines

48103

Ann Arbor, MI

0.860

73 days

90%

Tulsa Golden Hurricane

66604

Topeka, KS

0.569

86 days

72%

Chattanooga Mocs

37415

Chattanooga, TN

0.827

69 days

120%

Stony Brook Seawolves

11705

Bayport, NY

0.311

123 days

60%

Stephen F Austin Lumberjacks

75964

Nacogdoches, TX

0.521

104 days

82%

Weber State Wildcats

84405

Ogden, UT

0.664

59 days

83%

Fairleigh Dickinson Knights

07607

Maywood, NJ

0.712

73 days

111%

Florida Gulf Coast Eagles

33967

Fort Myers, FL

0.840

57 days

120%

Western Conference

Oregon Ducks

97405

Eugene, OR

0.770

80 days

114%

Oklahoma Sooners

73071

Norman, OK

0.567

77 days

49%

Texas A&M Aggies

77845

College Station, TX

0.749

77 days

88%

Duke Blue Devils

27704

Durham, NC

0.798

77 days

92%

Baylor Bears

76708

Waco, TX

0.821

85 days

87%

Texas Longhorns

78613

Cedar Park, TX

0.933

54 days

119%

Oregon State Beavers

97827

Elgin, OR

0.096

161 days

53%

Saint Joseph's Hawks

19460

Phoenixville, PA

0.768

91 days

143%

Cincinnati Bearcats

45140

Loveland, OH

0.793

68 days

122%

VCU Rams

23112

Midlothian, VA

0.807

63 days

93%

Northern Iowa Panthers

50613

Cedar Falls, IA

0.749

80 days

129%

Yale Bulldogs

08053

Marlton, NJ

0.760

89 days

113%

UNC Wilmington Seahawks

28412

Wilmington, NC

0.644

95 days

99%

WI-Green Bay Phoenix

54304

Green Bay, WI

0.773

71 days

102%

Cal State Bakersfield Roadrunners

93309

Bakersfield, CA

0.810

47 days

100%

Holy Cross Crusaders

18018

Bethlehem, PA

0.686

78 days

112%

Southern Jaguars

70817

Baton Rouge, LA

0.799

79 days

109%

Midwestern Conference

Virginia Cavaliers

22901

Charlottesville, VA

0.438

116 days

109%

Michigan State Spartans

48842

Holt, MI

0.695

83 days

80%

Utah Utes

84037

Kaysville, UT

0.568

82 days

87%

Iowa State Cyclones

50010

Ames, IA

0.942

55 days

141%

Purdue Boilermakers

47906

West Lafayette, IN

0.762

83 days

96%

Seton Hall Pirates

07090

Westfield, NJ

0.874

69 days

238%

Dayton Flyers

45066

Springboro, OH

0.708

85 days

125%

Texas Tech Red Raiders

79424

Lubbock, TX

0.802

64 days

88%

Butler Bulldogs

46032

Carmel, IN

0.697

98 days

147%

Syracuse Orange

13090

Liverpool, NY

0.798

76 days

135%

Gonzaga Bulldogs

99212

Spokane, WA

0.827

66 days

107%

UALR Trojans

72211

Little Rock, AR

0.815

59 days

116%

Iona Gaels

10801

New Rochelle, NY

0.585

100 days

119%

Fresno State Bulldogs

93610

Chowchilla, CA

0.535

79 days

69%

Middle Tennessee State University Blue Raiders

37129

Murfreesboro, TN

0.905

46 days

87%

Hampton Pirates

23666

Hampton, VA

0.433

80 days

68%

About Move, Inc. and realtor.com®

Move, Inc. operates the realtor.com® website and mobile experiences, which provide buyers, sellers and renters of homes with the information, tools and professional expertise they need to discover and create their perfect home. News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] acquired Move in November 2014, and realtor.com® quickly established itself as the fastest growing online real estate service provider as measured by comScore.

As the official website of the National Association of REALTORS®, consumers know they can look to realtor.com® for the most comprehensive and accurate information anytime, anywhere. With relationships with nearly 800 multiple listing services (MLS), realtor.com® has more than 3 million for-sale listings, which account for more than 97 percent of all MLS-listed for-sale properties. More than 90 percent of the listings are updated every 15 minutes. Move's network of websites provides consumers a wealth of innovative tools, including Doorsteps®, Moving.com™, SeniorHousingNetSM and others. Move supports real estate professionals by providing many services to grow their businesses in an increasing digital, on-demand world, including ListHub™, the nation's leading listing syndicator and centralized intelligence platform for the real estate industry; TigerLead®; Top Producer® Systems; and FiveStreetSM and Reesio as well as many free services.

About Vivid Seats

Vivid Seats is the largest independent marketplace for tickets to live sports, concert, and theater events. Founded in 2001, the Chicago-based company offers industry-leading affordability across one of the widest selections of premium tickets and event packages. Vivid Seats supports all orders with a comprehensive buyer guarantee and an in house customer service team to ensure the safest and most convenient purchase experience. Fans that want to sit closer and see more of their favorite live events can order directly on VividSeats.com or by phone at 866.848.8499.

Forward-Looking Statements

This document contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory and other factors. More detailed information about these and other factors that could affect future results is contained in News Corp's filings with the Securities and Exchange Commission. The "forward-looking statements" included in this document are made only as of the date of this document and we do not have any obligation to publicly update any "forward-looking statements" to reflect subsequent events or circumstances, except as required by law. 

March Madness®, Final Four®, and The Big Dance® are registered trademarks of the National Collegiate Athletic Association (NCAA). All other trademarks are the property of their respective owners and are used with their permission. All rights reserved.

Media Contact: Lexie Puckett Holbert, realtor.com, 805-557-3151

Photo - http://photos.prnewswire.com/prnh/20160315/344771-INFO

 

SOURCE realtor.com



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