In November 2013, the Atlanta Braves organization announced it would not renew its lease at Turner Field upon its expiration in 2016. Instead, the team would look to Cobb County to build a new ballpark, as well as an integrated mixed-use development.
SunTrust Park and The Battery Atlanta are slated to open this spring – just in time for baseball season.
We don’t know yet how these developments will affect the local economy and home sales in the long run. However, our amazing Lead Data Scientist, Rafaan Anvari, ran an in-depth analysis on how the announcement and construction of SunTrust Park have already impacted home sales.
Jennifer Leslie, reporter for 11Alive News, presented the takeaways. Take a look:
This is a great opportunity for local homeowners to get a higher return on their investments. It all comes down to marketing and price their properties effectively. While houses are selling faster near the stadium, 53 days is still a lengthy amount of time to have a property on the market. To learn how Knock uses data science to accurately price homes and sell them within 42 days, read up on our strategy.