Eichler Weekend Event with The Boyenga Team!

THIS WEEKEND – March 30 & 31 from 1:30-4:30 PM

Looking for an Eichler home in the Bay Area? The Boyenga Team specializes in Eichler homes and have two for sale right now! Come check out these beautiful and unique mid century modern homes. Not sure what an Eichler is? After seeing photos you will start to notice the similar characteristics that an Eichler has such as flat or low sloped roofs in horizontal form, open concept with glass, and atrium courtyard or foyer to name a few. Check out our two Eichler listings below and come see us this weekend at our open houses!

675 Evergreen St
Menlo Park 94025

4 BD | 2 BA | $3,698,000
2,200 SQFT

  • Beautifully remodeled great room with dramatic angled ceiling, concrete finished fireplace, skylights, and wall to wall slider
  • Modern Italian Scavolini kitchen, Caesarstone countertops, open to dining area and great room, casual breakfast area with designer tile floor
  • Prime Central Menlo Park Oakdell neighborhood
  • Top Menlo Park schools: Oak Knoll Elementary, Hillview Middle, Menlo-Atherton High

1403 Mallard Way
Sunnyvale 94087

4 BD | 2 BA | $1,998,800
$1,963 SQFT + 342 +/- SQFT (enclosed atrium bonus SQFT)

  • Beautifully remodeled low gable/covered atrium
  • Chef’s eat-in kitchen features gray quartz & updated cabinetry/appliances
  • Gorgeous living room w/stunning fireplace
  • Separate family room w/fireplace & sliders to rear patio
  • Close to Apple, Linkedin, and Google
  • Cupertino schools: Stocklmeir, Cupertino, Fremont High

We hope to see you there!

Call the Boyenga Team for all of your Eichler and Silicon Valley real estate needs!

email: homes@boyenga.com
phone: 408.373.1660

About Menlo Park

Looking to move to Menlo Park or just curious about the area? Keep reading for some of the highlighted areas that our agent area experts want you to know about!

Oak Knoll School
Oak Knoll is a large school of over 690 students that feels small, personal and focused on its mission: Every student an exemplary scholar, a valued friend, and a courageous citizen. This school is rated above average in school quality compared to other schools in California. Students here perform above average on state tests, are making above average year-over-year academic improvement, and this school has above average results in how well it’s serving disadvantaged students.

Sacred Heart Prep
Sacred Heart Preparatory is an independent, private, Society of the Sacred Heart-affiliated college preparatory school in Atherton, California, United States. From freshman year to senior year, Sacred Heart Preparatory’s rigorous academic program challenges students to think critically about society and its values, to thoughtfully participate in the exchange of ideas, to develop a social awareness supported by individual action, and to grow spiritually by connecting personal beliefs with contemporary culture.

Downtown Menlo Park

Downtown Menlo Park is the major retail destination for the city featuring unique and upscale retail shops and restaurants surrounded by tree lined streets. In downtown Menlo Park, there is something for everybody! It has your everyday shopping, premier home decor and design shops, diverse dining options, and a number of downtown events.

Caltrain Station

Caltrain serves dozens of stations between San Francisco and Gilroy on weekdays and provides a safe, reliable, sustainable modern rail system that meets the growing mobility needs of the San Francisco Bay Area region. It has a convenient stop in Menlo Park located at 1120 Merrill St., Menlo Park 94025. Check the CalTrain website for the schedule for easy commute

Burgess Park

Originally a part of the Dibble Hospital Facilities and purchased in 1948, Burgess Park is one of the first city-owned recreation areas in Menlo Park. Located adjacent to the Civic Center complex, the park provides diverse facilities easily accessible to all Menlo Park residents on 9.31 acres. Facilities that are close by to Burgess Park include:

  • Burgess Pool
  • Arrillaga Family Recreation Center
  • Burgess Sports Center
  • Burgess Skate Park
  • Arrillaga Family Gymnasium

Allied Arts Guild

Owned and operated by the Allied Arts Guild Auxiliary, Allied Arts Guild is a beautiful and historic garden oasis, home to unique shops, artists’ studios, and Blue Garden Café. Since 1929, Allied Arts Guild has provided an inspiring environment for working artists, beautiful gardens and shops for visitors, and support for critically ill children at the Lucile Packard Children’s Hospital. Allied Arts Guild is available for shopping, lunching, relaxing, and hosting special events such as weddings, receptions, seminars, meetings and luncheons. Allied Arts also hosts special events year round, such as Mother’s Day Tea, and festive Holiday events.

Boyenga Team in Menlo Park Coming Soon!

Eichler in Menlo Park Coming Soon!

Spring Break 2019 Guide

You don’t need to spend a ton of money on a huge spring break trip to have a good time! Keep reading for some great local activities all over and around the Bay Area for all ages!

Day Trips

  • San Jose – Spring is upon us and so is baseball season! Not wanting to make the trek all the way to San Francisco? Enjoy a San Jose Giants baseball game just outside downtown San Jose. Before, after, or any time in general, San Pedro Square Market is a great place to enjoy the weather, especially when there’s live music. If you have younger children they’ll definitely enjoy a day at the 16 acre amusement park and zoo (including petting zoo) that Happy Hollow has to offer! Looking for something just a little older – California’s Great America has some of the best family oriented fun in the South Bay. And for the adults, don’t miss out on Willow Glen’s wine walk that they host once a year in the Spring (this year on Saturday April 13th from 2-5pm). Take a stroll down the quant Lincoln Ave. and check out the shops while sipping on wine – get tickets here. If you’re looking to stay cool take a day trip to Raging Waters and enjoy 23 acres of wild slides and water adventure. More day activities in San Jose include Children’s Discovery Museum of San Jose, Tech Museum of Innovation, SAP Center for a San Jose Sharks game, and the Winchester Mystery House.
  • Santa Cruz – Spend your day at a variety of places in Santa Cruz area including rides at The Santa Cruz Beach Boardwalk, ice cream in Capitola, hanging at Natural Bridges State Beach or Pleasure Point, or hiking Henry Cowell Redwoods State Park! Another to do in Santa Cruz that is often over looked because of it’s proximity to wine country is wine tasting in the Santa Cruz Mountains. Wineries include MJA Vineyards, Loma Prieta Winery, Wrights Station Vineyard & Winery, or Birichino.
  • Monterey – It’s always great to start central at Cannery Row and work your way around. Walking Cannery Row is a nice day in itself but there are many things to do if you want to get more active. Rent an electric bike (or regular), Segway, or even the 4-6 seat cruisers and be your own tour guide on the beautiful water trail that leads to Lover’s Point and beyond. Want to challenge yourself even more? Take it to the sea and rent paddle boards or kayaks and get a chance to take a closer look at the otters! Have young kids and want to run out their energy before the drive home? Take them to Dennis the Menace Playground and let them go crazy! Just you and you boyfriend or husband looking for a day away? Check out the food and wine walking tours – you’ll be pleasantly surprised with not only what your eating and drinking but also the history of the area that is in your backyard!
  • San Francisco – Head the opposite direction up North to the city and play tourist for a day. We know that you could easily spend a week touring around San Francisco but here are some of our favorites! Known as POPOS, Privately Owned Public Open Spaces are scattered around the city on rooftops and in atriums and are great places to get away from the hustle and bustle of the city while still enjoying the beautiful views it has to offer. Check out this website for the location of these private getaways. Then head to Market & Powell and start shopping or take the trolley through the rolling hills and to Fisherman’s Wharf and Pier 39. Stop at Boudin’s and watch them make their world famous bread in fun shapes or take a ferry and check out Alcatraz while also getting a beautiful view of the city. If you’re tired of being on your feet hop in a GoCar the world’s first GPS-guided tour car taking you through the streets and around iconic landmarks in the city (or choose your own adventure). Want to view the city without going in it? Take a cruise around the bar and maybe sip some champagne while taking in the breathtaking skyline view from a distance.
  • Sonoma/Napa – Continue North up to wine country and take a load off at your choice of some of the world’s best wineries. Looking for something organized so the day’s really pain free – check out the winery tours so you don’t have to worry about Uber or having service. If you want to head a little more North you will reach Calistoga where they are known for their mud baths and it is quite an experience. Also in Sonoma is one of the few casinos in California, Graton, where you can gamble, eat, drink, go to the spa or relax at the pool (weather permitting). Also in Sonoma is the cute little town of Sonoma where you can shop around in the boutiques and buy delicious chocolates.

We hope you enjoy everything that Spring has to offer in the Bay Area! Looking to buy or sell a home in the Bay Area – give The Boyenga Team a call. Your local experts!

St. Patrick’s Day Events in the Bay Area

If you can’t make it to the city or have no desire to deal with the amount of traffic and people that the parade and festivities bring on St.Patrick’s Day, check out the local events in the Silicon Valley!

Top Bars to celebrate St.Patrick’s Day at

  • O’Flaherty’s Irish Pub
  • Rosie McCann’s Irish Pub & Restaurant
  • Katie Bloom’s Irish Pub
  • Fibbar Magees
  • Carry Nations

Feeling the luck of the the Irish? The Hit Men Band performs at Number 1 Broadway’s St. Patrick’s Day Dance Party in Los Gatos. Purchase tickets here ($10 in advance)!

  • Sat, Mar 16, 2019, 8:00 PM –Sun, Mar 17, 2019, 2:00 AM
  • Number 1 Broadway – 102 South Santa Cruz Avenue, Los Gatos 95030

Yoga + Beer + Music | St. Patrick’s Day – Follow the rainbow, wheel pose, to it’s end and find a pot of gold, fresh Hapa’s beer! The magical (and maybe Irish?) Bri Deckard will guide us through a charming yoga flow. They’ll have upbeat music by DJ Yogic Flow and delicious Hapa’s beer before, during, or after the class. Your lucky ticket includes one all-levels yoga class and an incredible Hapa’s beer – purchase here!

  • Sat, March 16, 2019
  • 11:00 AM – 1:00 PM
  • Hapa’s Brewing Company – 460 Lincoln Ave Ste. 90, San Jose, 95126

St. Patrick’s Day Celebration – New Beer Release Tapping of the ” Rose Rail Line Irish Red Ale ” Special Cocktails & Food Items All Day!

  • Sun, March 17, 2019
  • 11:00 AM – 10:00 PM
  • Off the Rails Brewing Co. – 111 S.Murphy Ave., Sunnyvale 94086

Double Dose plays The Britannia Arms Almaden for St. Patricks Day 2019!! If you like big hair, crazy fashions, and the best 80’s rock and pop music…you’re going to love Double Dose. Experience or re-experience a bump of the ultimate tribute to 80s rock and dance music!

  • Sun, Mar 17, 2019, 10:00 PM –Mon, Mar 18, 2019, 1:00 AM PDT
  • Britannia Arms Almaden – 5027 Almaden Expressway San Jose, CA 95118

San Jose Shamrock Run – The San Jose Shamrock 5k & 10k Run/Walk & Leprechaun Kids Run benefiting the San Jose – Dublin Sister City Scholarship Program is the newest Represent Running event. The run starts and finishes in San Pedro Square.

  • San Pedro Square, Downtown San Jose
  • 8:00 a.m., March 17, 2019, Kids Run at 10:00 a.m.
  • 5k/10k run and walk (3.1 and 6.2 miles) & Kids Run

Wishing Clover – Learn about the history of the holiday, add a wish to the community board and enjoy all the green that the farm and trails have to offer. Sat., March 16. 9:15am. FREE. Hidden Villa, 26870 Moody Road, Los Altos Hills. 

Happy St. Patrick’s day from your Bay Area Real Estate Team – The Boyengas!

Silicon Valley Open Houses for March 16 & 17 – Boyenga Team

Boyenga Team Open House Compass

Boyenga Team Open House Schedule

for March 16 & 17

Boyenga Team Los Gatos Real Estate

0 Idylwild Rd., Los Gatos 95033 | $550,000

Sat. 03/16 From 11 AM – 1 PM

Boyenga Team San Jose Real Estate

 4850 Lakebird Pl., San Jose 95124 | $849,000

Sat. 03/16 From 12:30 – 3:30 PM

Boyenga Team Sunnyvale Real Estate

1403 Mallard Way, Sunnyvale 94087 | $1,998,800

Sat. 03/16 From 1:30 – 4:30 PM

Sun. 03/17 From 1:30 – 4:30 PM

Top Sunnyvale Real Estate Boyenga Team

729 Dartshire Way, Sunnyvale 94087 | $2,298,000

Sat. 03/16 From 1:30 – 4:30 PM

Sun. 03/17 From 1:30 – 4:30 PM

Top Silicon Valley Real Estate Boyenga Team

650 N. 11th St., San Jose 95112 | $899,999

Sat. 03/16 From 1:30 – 4:30 PM

Sun. 03/17 From 1:30 – 4:30 PM

Boyenga Team Cupertino Real Estate

1005 November Dr., Cupertino 95014 | $2,498,888

Sun. 03/17 From 1:30 – 4:30 PM

 

We hope to see you there!

For any of your Bay Area Real Estate needs contact the Boyenga Team!

Happy 30th Birthday to the World Wide Web!

Boyenga Team World Wide Web Birthday

 

In the last ten years alone there has been so much change to the Internet and the way we navigate and use it. Not to mention the appearance and design of all the sites and the accessibility of information. It’s not only hard to believe a time without the Internet but also a time when you couldn’t access it whenever wherever. When I first started using the Internet it was to sign on to AOL so that I could chat on aim with my friends – now I probably judge anyone with an aol email.

No matter what profession you are in, there is no doubt the web and Internet has had an effect on the way you do business. For us, as property nerds in the real estate business, it has changed tremendously! What used to be Newspaper ads and For Sale signs has turned into websites and social media that consumers have access to any time. Statistics from the National Association of Realtors have shown that 58% of Millennials and 46% Generation X found their home on a mobile device. When they view these homes it’s all about the visuals and pictures which is another way that the Internet has changed real estate. Pictures must be pristine, light and airy or else they will simply be overlooked. When you have the perfect pictures then it’s time to post on all social accounts where you will boost the post instead of the black and white paper ad.

And even though we have seen the ups and the downs of the Internet and the effect that the evolution of it all has had on us, we have something it could never offer.

Take a trip down memory lane with the Boyenga Team to see some of the originals:

GOOGLE

Top Real Estate

ZILLOW

Top real estate agent

AMAZON

top real estate boyenga

YOUTUBE

compass boyenga team

FACEBOOK

 

As top real estate agents in the Silicon Valley we are leading the way you use the Internet when it comes to your real estate needs. Follow us to keep up with the latest trends and see how we evolve as the years go on.

Compass – Largest in the Bay Area

Boyenga Team at Compass

Compass is a real estate technology company building a single platform that supports the entire home buying and selling process. They deliver an incomparable experience to both agents and their clients all in service of our mission to help everyone find their place in the world.

Compass is building the infrastructure, data and technology on which the future of the real estate industry will operate. Compass’ platform integrates listings, client and transaction data all in one place, giving agents personalized recommendations and insights on how to better serve their clients.

Compass has raised $1.2 billion in financing to date. In its most recent round, Compass secured $550 million in Series F funding led by the Softbank Vision Fund and Qatar Investment Authority (QIA), with participation from Wellington, IVP and Fidelity. Compass investors have backed the most promising technology companies in the world including Facebook, Instagram, Twitter, Airbnb, WeWork, Uber and Lyft.

 

See how Compass Real Estate compares to the rest of the brokerages in the Bay Area.

Boyenga Team Top Agent in Bay Area

Top Bay Area Team Eric and Janelle Boyenga

Number One Team Boyenga Team Compass

Let us show you why we’re the top!

Small Improvements That Make a Big Difference

Boyenga Team Top Agents

If you knew that simple upgrades to your home could make you up to 8% more money on the sale of it would you do them? If your answer isn’t yes already it will be after you hear how simple it is.

It’s the little upgrades that people are forgetting that add up when it comes to the final sale price of ones home and studies are proving it. Throughout multiple cities in the U.S. realtors such as ourselves are taking similar homes with comparable square footage/bed/bathrooms and researching what made the difference with each sale and why some did not sell for as much as others. What we found are simple upgrades that clearly make the difference – these include:

  • Staging
  • Updated Kitchens
  • New paint
  • Well maintained yards or updated landscaping
  • Bright and airy photos

We understand that not everyone has the above and sometimes it takes a special eye to bring an outdated home to life – but that is why you hire the professionals! Investing the money to prepare your home for sale should not be taken for granted and is well worth it.

Cosmetic improvements to a home can show a material increase in sale price, but clients often don’t want to or aren’t able to spend that money. The Compass Concierge program will assist our clients in preparing their homes for market by allowing them to completely fund the cosmetic improvements that will increase the value of their home – staging, cleaning, landscaping and more. At the time of the property’s closing, Compass Concierge will simply invoice you for the total services rendered. It’s that simple and worth it!

Studies have shown that as many as 80% of homebuyers list the kitchen as their favorite room making small investments such as new countertops or fresh painted cabinets well worth it. This also may allow for buyers to overlook other areas of the house that many need updating.  A major kitchen remodel has shown to return around 80% of investments while a minor remodel has an 87% return. Painting an interior can produce a 109% return on investment, but could benefit you even more if your home’s colors aren’t unusual and appeal to the majority.

Get the most for your home.

Want to learn more on Compass Concierge? Contact The Boyenga Team!

Most Common First Time Home Buyer Mistakes

 

Top Bay Area Agents Eric and Janelle Boyenga

We know that buying your first home is one of the most exciting events that will take place in your life and we want to help prepare you for the process! Read about the most common first time home buyer mistakes so that you don’t make them! If you want the real deal service come to us, The Boyenga Team for all our Bay Area Real Estate Needs.

1. Waiting for the PERFECT property

Having a home crush is absolutely okay, we all have them, but finding that exact house with the fire pit outside and the sliding barn doors with the amazing walk in closet might not come all in one. Be willing to make some renovations (even if it’s in the future) and don’t let the right one slip away, especially in the Silicon Valley.

2. Choosing a home over a neighborhood

You found the perfect little place to call home but.. there’s another house in the running too. It may seem like the easy route to take the turn key ready to move in home over the fixer upper but compare the neighborhoods first! Do your research, ask your family and friends what they know about the area, at least Google! Find out the crime rate and the schools and think about the future and where you want to raise a family. If all else fails, think about the resale value of your home in each community and what that looks like from an investment standpoint. Don’t let the thought of a little work trump the right decision. Ask your real estate agent (or us!).

3. Spending everything you have

This is one of the biggest mistakes first time home buyers do and the risk is not usually worth the reward. Many will gather all that they have for the 20% down payment and leave themselves depleted of all money just so they do not have the pay mortgage insurance. Instead, plan ahead and save leading up to buying so that you have a backup fund in case of emergency because although not ideal, paying mortgage insurance is safer than leaving yourself high and dry without any options!

4. Buying more than you can afford

Similar to #3 is buying a home that is larger and more than what you can afford. Sometimes unexpected expenses come up and life happens and you want to be prepared as much as possible. Why put yourself at risk to lose a house that you made home? Focus on the monthly payment rather than the overall loan amount that you qualify for and budget based on that amount and what you can afford.

5. Being careless with credit

Don’t learn this the hard way as a first time buyer – let us tell you the process! At preapproval a lender pulls a credit report to make sure everything is squared away for closing. Because of this, do not make any crazy purchases such as buying a new car or taking out a new loan or opening up a new credit card from the preapproval to closing. Bay your bills on time and in full during during this period of time so that your credit score stays the same and your loan approval stays out of jeopardy.

6. Assuming you need 20% down payment

Yes 20% down will help but many buyers cannot put that amount down. According to the National Association of Realtors the median down payment on a home is 13 percent. Even if you wanted to wait and save 20% down it may take you time where that money could be spent in better ways. Of course you will have to pay mortgage insurance but there are many options when it comes to down payment amount.

7. Only talking to one lender

However you want to look at it, this could cost you money or save you money. Give yourself multiple banks and lenders to look into and compare rates, fees, and loan terms. What may seem like the best deal overall may not be the best fit for you in your situation. Customer service is important and will help you make the right choice because their responsiveness will be a reflection of their work ethic.

8. Underestimating the cost of owning a home

If you thought you saved up for your new home, well keep saving! The average homeowner pays about $2,000 annually on maintenance services. The taxes and multiple insurance and utility maintenance is often overlooked or forgotten when purchasing a new home and you must be saving every month a little for emergency (kind of like insurance for yourself). Plan to save 1-3% of your home’s purchase price and make sure your shopping for different insurance plans and comparing so you know you’re getting the best deal.

9. Emotion made decisions

You might fall in love with a lot of homes throughout your search but becoming emotionally attached to any would be a big mistake. Making an offer does not mean done deal and basing a decision based on emotion  would be a personal let down if anything were to fall through (trust me, we’ve seen it). Nothing is yours until everything is signed and complete so have a budget and stick to it!

 

Are you a first time home buyer and have questions? We’re happy to help you, even if you’re not!

Is the “Uber Effect” going to be as large as the “Facebook Effect”?

Silicon Valley Boyenga Team Real Estate

If IPOs do come to fruition and there are some newly minted millionaires, Bay Area housing markets could have another renaissance.

Bird’s Eye View:

  • Uber (and/or Lyft), Airbnb, Pinterest, and Slack are believed to be going public in 2019
  • Combined, the four potential 2019 IPOs could reach valuation of $176 billion, almost twice as large as Facebook’s 2012 valuation
  • 10,000 San Francisco based workers could be affected, which could have a notable impact on the Bay Area housing market
  • Nevertheless, a company going public does not necessarily guarantee wealth for all of its employees

Bay Area housing market dynamics may be changing once again as a result of potentially large tech IPOs on the horizon. With Uber (and/or Lyft), Airbnb, Pinterest, and Slack all believed to be going public in 2019, their rumored IPO valuations would all rank among the 10 largest venture-backed IPOs since 2012, according to CBInsights and Figure 1. In fact, if Uber alone stands to its valuation at $120 billion, it would be bigger than Facebook’s $104.2 billion valuation in 2012. Combined, the four potential 2019 IPOs could reach valuation of $176 billion, almost twice as large as Facebook’s 2012 valuation.

However, even more importantly for the Bay Area, the headquarters of all four IPOs are in San Francisco. And, with Uber and Airbnb being among the largest employers in San Francisco, combined workforce of the four companies that could be affected by IPOs adds up to about 10,000 workers.

Figure 1

Silicon Valley Real Estate Agent

Source: CBInsights, The 2019 Tech IPO Pipeline

Naturally, these IPOs could have a notable impact on the Bay Area housing markets. However, it is difficult to say if the impact would be as notable as the Facebook Effect – which according to some was one of the main reasons that ignited Bay Area housing market starting in late-2011 as buyers rushed to buy before IPOs and highest ever tech valuation.

To illustrate the Facebook Effect, Figure 2 tracks 3-month rolling average of year-over-year change in median single-family home prices in the Bay Area and California, with the onset of Facebook IPO marked in May 2012. The chart illustrates that throughout 2011, year-over-year median price growth was negative, and turned positive in early 2012. However, in the year following the Facebook IPO, year-over-year median price growth in the Bay Area reached as much as 37 percent. Overall California prices were also growing strongly as housing market conditions at the time were very favorable and home prices still hovered at their post-bust lows. Still, Bay Area’s price growth markedly outpaced California’s overall growth. And while it’s out of the scope of this analysis to tease out the marginal impact of Facebook on home price growth in the Bay Area, Zillow’s previous analysis has shown that the Facebook Effect led to 21 percent increase in home values in census tracks where Facebook employees were most likely to live compared to 17 percent increase in all other Bay Area census tracks. “More precisely: Every 10 Facebook employees living in a given census tract at the time of Facebook’s IPO in May 2012 were associated with an additional 1.6 percentage points of home value increase over that year,” according to the research.

Figure 2: 3-month rolling average of year-over-year change in median single-family home prices in the Bay Area and California

Top Bay Area Real Estate Agents

Source: California Association of Realtors

In addition, sale of higher priced properties in San Francisco surged following the Facebook IPO. Figure 3 illustrates year-over-year growth in sales of residential properties priced below $2 million and above $2 million. Higher priced sales started increasing in the last quarter of 2012 and jumped 84 percent year-over-year in January 2013. Note that Facebook shares employee lockup was between 90 and 180 days, thus the increase coincides with ending of lock-up periods.

Figure 3 6-month rolling average of year-over-year change in San Francisco residential sales by price range

Bay Area Real Estate

Source: SFRMLS

Nevertheless, it is important to note that going public for companies in general does not necessarily guarantee wealth for all of its employees. Many factors govern how much money an employee makes from an IPO, including their tenure with a company, how many stock options or restricted stock units they received, when they can exercise their options and ultimately when they decide to sell. Also, different options have different stroke prices pegged to the company’s private market valuation at the time they joined. And, as noted above, employees are subject to an IPO lock-up period, which is a contractual restriction preventing insiders who acquired shares of a company’s stock before it went public from selling the stock for a stated period of time after it goes public, typically from 90 to 180 days after the date of the IPO. Importantly too, restricted stock units may be taxed at ordinary income rates, which can exceed 39 percent at the federal level, plus the applicable state taxes.

Also, current housing market conditions are notably different than prior to the Facebook Effect in 2012. Most specifically, median home prices in the Bay Area now are about 2.2 times higher than they were at the beginning of 2012. And, buyers have already shown significant restraint leading to a jump in price reductions in recent months, as described in our recent analysis.  But, if IPOs do come to fruition and there are some newly minted millionaires, Bay Area housing markets could have another renaissance.

Contact the Boyenga Team for any of your Bay Area Real Estate needs!