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
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