Real Estate
Foreclosed Homes: How Many And Where They Are In Campbell
Realty Trac releases latest information on number of foreclosures, how many are for sale and what they're selling for.
Campbell has 76 homes still in some stage of foreclosure, according to information released Thursday by Realty Trac. Of those, 20 houses are currently for sale.
The median sale price for a foreclosure home in Campbell was $715,000 in March. That compares with a median price of $674,000 for all homes sold in the city.
Foreclosed homes appear to be getting cleared from the market. Between August 1 and March 31, there were 442 homes sold in Campbell.
Find out what's happening in Campbellfor free with the latest updates from Patch.
Overall, the number of homeowners entering the foreclosure process also appears to be declining, depsite a surge this spring. In April, the number of properties that received a foreclosure filing in Campbell was 86 percent higher than the previous month but 43 percent lower than the same time last year, according to Realty Trac.
Home prices are on the upswing. The median sale price for a foreclosed home was up 30 percent from February to March, while the overall sales price for all homes grew 4 percent.
Find out what's happening in Campbellfor free with the latest updates from Patch.
The Realty Trac website also contains a list of most of the foreclosed homes now sitting in Campbell.
Here are the foreclosure figures for communities in Santa Clara County. The numbers are current through April 30. The recently sold figures are from August 2012 to March 31, 2013. Current foreclosures do not include homes recently sold.
15 12 484 Los Gatos
97 73 583 Mountain View
52 8 715 Palo Alto
116 7 798 Saratoga
33 13 340
Santa Clara County
unavaliable 659 15,514The Realty Trac website also includes information on foreclosed homes in every county and city in the country.
Realty Trac reported foreclosures across the country were down 5 percent in April from the previous month. Foreclosures also decreased 23 percent from April 2012. Total foreclosure activity in April was at its lowest level since February 2007.
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