I have refrained from commenting about FB IPO since so much has been said but I thought this worth passing along.
Zillow on Thursday released new data on the potential impact of Facebook Inc.’s IPO on real estate in the San Francisco Bay Area.
Zillow is a home and real estate marketplace that aims to empower consumers with information and tools to make decisions about homes, real estate and mortgages.
The company suggests that for cities near the social networking company’s Menlo Park headquarters, median home values are more than $2 million. In nearby places such as San Jose or Francisco, buyers can pay a quarter of the amount for the same home.
During the three months between Facebook’s (NASDAQ:FB) IPO filing and its IPO debut, Zillow noted an upward trend of $1 million plus homes for sale — the number of $1 million listings in Menlo Park increased 87 percent during this time period.