Redfin's calculation is based on an IPO price of
- All 1,612 homes for sale in
San Francisco, Oaklandand Berkeleycombined for $2.9 billion.
- All 853 homes for sale in the city of
San Franciscofor $2.2 billion, and have $1.1 billionleft over.
- All 1,272 homes for sale in the city of
San Josefor $1.47 billion, and have nearly $1.9 billionleft over.
- All 643 homes for sale in the city of
Oaklandfor $510.1 million.
- All 116 homes for sale in the city of
Berkeleyfor $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- Oaklandcombined statistical area) for $3.32 billion.
- The top 2% of homes for sale by list price—223 homes—in the entire Bay Area for
"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/.
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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Redfin, Redfin Journalist Services: Erin Osgood, 206-588-6863, email@example.com