Super Bowl 2017: Who Will Win? Here’s Our Prediction.

Photo credit: NFL.com

Photo credit: NFL.com

After fierce battles week after week, Super Bowl LI (or 51 for those of us tired of roman numerals) has finally been set. Tune in on Sunday, February 5 as the Atlanta Falcons go head to head against the New England Patriots. So who will be celebrating with the prized Vince Lombardi trophy? For a non-scientific (but fun!) prediction, let’s compare the two residential real estate markets for Boston and Atlanta to see who comes out on top!

Best Places to Live.

Every year, “U.S. News & World Report” releases their anticipated Best Places to Live report. It’s become bragging rights for big cities (and fills Facebook’s newsfeed for weeks). So how did Boston and Atlanta fair in 2016? Boston was ranked #30 with an overall score of 6.7, while Atlanta was ranked lower at #61 with an overall score of 6.4.

Edge: Boston 

Photo credit: 7Themes.com

Photo credit: 7Themes.com


Median Home Sales.

In the real estate industry, there are lots of statistics that are measured and reported, one being median home sales. As the National Association of REALTORS® cites, when interpreting movements in the median house price series, keep in mind that they can be driven by changes in the composition of housing sales (for examples, sales of more high-end homes would tend to drive the median up).

According to Trulia, median home sales for Boston have increased $6,000, or 2%, while median home sales for Atlanta have increased $20,000, or a whopping 8%.

Edge: Atlanta 

Photo credit: Pictures of Atlanta by Carson Matthews

Photo credit: Pictures of Atlanta by Carson Matthews


Sale-to-List Percentage.

Another useful stat often cited by real estate agents is the sale-to-list percentage. This is defined as the final sale price (what a buyer pays for the home) divided by the last list price expressed as a percentage. If it’s above 100%, the home sold for more than the list price. If it’s less than 100%, the home sold for less than the list price. Looking at sale-to-list percentages can help buyers and sellers get a sense of how to negotiate on pricing.

So let’s take out the calculator and do some math. According to Realtor.com…

Atlanta:

  • Median Listing Price: $300K
  • Median Closing Price: $237K
  • Sale-to-list percentage: 79%

Boston:

  • Median Listing Price: $749K
  • Median Closing Price: $595K
  • Sale-to-list percentage: 79%

Edge: Even (both at 79%) 

Photo credit: iStock


Price per Square Feet.

Finally, as the tie-breaker, let’s take a look at the average price per square foot. This is often used to determine a home’s value. According to Trulia, Atlanta’s price per square foot was $193 in 2016, as compared to $175 in 2015. That’s a 10% increase.

Boston’s price per square feet was $447 in 2016, up from $285 in 2015. That’s an increase of 57%!

Edge: Boston 

Photo credit: Boston Tourism

Photo credit: Boston Tourism


Final Prediction.

While both cities are benefiting from a boom in real estate sales and prices, Boston has a slight edge. This leads us to predict that the New England Patriots will be the 2017 Super Bowl Winners. (And, trust me, as a NY Giants fan that was hard to write!)

We want to hear from you. Who do you predict will win Super Bowl LI? Comment below.

Photo credit: Getty Images

Photo credit: Getty Images

Sources:

https://www.trulia.com/real_estate/Atlanta-Georgia/

http://www.realtor.com/local/Atlanta_GA

https://www.trulia.com/real_estate/Boston-Massachusetts/

http://www.realtor.com/local/Boston_MA