The impending Facebook initial public offering is pushing already-expensive Silicon Valley real estate to frenetic new highs.
The two months prior to the IPO announcement saw only 840 sales in the region. In dramatic contrast, sales in the last two months have almost doubled to 1,531, according to Guy Wolcott, the co-founder and chief executive of the company behind real estate app HomeSnap.
It’s not just sales. The median sales price is up 15 percent in the same time period, and the number of million-dollar-plus prices is up a staggering 159 percent since the Facebook IPO announcement.
To read the full, original article click on this link: Facebook IPO is juicing Silicon Valley real estate prices to crazy levels | VentureBeat
