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Redfin's calculation is based on an IPO price of
If all
- All 1,612 homes for sale in
San Francisco ,Oakland andBerkeley combined for$2.9 billion . - All 853 homes for sale in the city of
San Francisco for$2.2 billion , and have$1.1 billion left over. - All 1,272 homes for sale in the city of
San Jose for$1.47 billion , and have nearly$1.9 billion left over. - All 643 homes for sale in the city of
Oakland for$510.1 million . - All 116 homes for sale in the city of
Berkeley for$165 million . - Nearly the entire bottom half of homes for sale by list price—7,551 homes—across the Bay Area (the
San Jose -San Francisco -Oakland combined statistical area) for$3.32 billion . - The top 2% of homes for sale by list price—223 homes—in the entire Bay Area for
$3.32 billion .
The
"The Uber IPO, along with the other large tech companies going public this year, will have a large and lasting impact on Bay Area real estate," said Redfin chief economist
To read the report, complete with a full methodology, please visit: https://www.redfin.com/blog/uber-ipo-san-francisco-real-estate/.
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 85 major metro areas across the U.S. and
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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SOURCE Redfin
Redfin, Redfin Journalist Services: Erin Osgood, 206-588-6863, press@redfin.com