Glendale has been a sporting mecca over the past 14 months, what with the Super Bowl, the 2007 BCS Championship Game and two Fiesta Bowls being played here.
Next year the Los Angeles Dodgers arrive for spring training. And the fact the Dodgers already come here for nine games a year didn’t stop some folks for paying hundreds of dollars for a ticket to a spring training game.
That’s just Glendale. Today’s the final day of spring training in Surprise, spring home of the Kansas City Royals and Texas Rangers. Within the next few days, the Royals and Rangers fans will be heading back home along with countless others here from Chicago, Seattle, San Diego, Milwaukee and the Bay Area.
Many homeowners expected miracles when the Super Bowl was here. They offered their homes for rent – whether they were vacant or still occupied – at often ludicrous rates in hopes of gaining some income. Most did not.
Many hoped that people flocking here for the Super Bowl and other events would pull up stakes and move to Phoenix. Sports would be the salvation for the Phoenix real estate market. But it wasn’t. I’m sure many West Virginians enjoyed their trip here, but read the flavor of the local blogs and I can’t see many willing to make the trade. Well, except for when there’s snow on the ground in March.
There are folks who eventually make the decision to move here after multiple winter visits in general or to take in a few games. Friends and family often follow them down. But for the bus loads of visitors here from Calgary to see the flames play the Phoenix Coyotes, only a handful may ever commit to making the move.
Sports are not a cure-all. The arrival of a new sports complex can help property value in the long run, but not to the degree many expect. The effects also are of limited scope. For all the ads pushing homes in downtown Glendale as “close to Westgate,” miles away still is miles away. There’s little impact.
This isn’t to say there’s not reason to enjoy spring training and the like. It’s going to be 82 degrees. The sun is shining, as it has nearly every day for the last three weeks. There are beverages to be had, adult and otherwise, a tan to work on.
But for real estate … the benefits aren’t as tangible or immediate.
[tags]Phoenix real estate, spring training[/tags]