Menlo Park has 48 homes still in some stage of foreclosure and Atherton has four, according to information released Thursday by Realty Trac. Of those, seven houses are currently for sale in Menlo Park and one is on the market in Atherton.
The median sale price for a foreclosure home in Menlo Park was $489,000 in March. That compares with a median price of $850,000 for all homes sold in the city. In Atherton, the median sale price for all homes was $1.5 million in March. Data about foreclosure sale prices was not available for Atherton.
Foreclosed homes appear to be getting cleared from the market. Between August 1 and March 31, there were 575 homes sold in Menlo Park and 11 in Atherton.
Overall, the number of homeowners entering the foreclosure process is declining in the area. In April, the number of properties that received a foreclosure filing in Menlo Park fell by 20 percent from the previous month and was 75 percent lower than March of last year, according to Realty Trac.
The Realty Trac website also contains a list of most of the foreclosed homes now sitting in Menlo Park. There also is a list for Atherton.
Here are the foreclosure figures for communities in San Mateo 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.City All Foreclosures For Sale Recently Sold Atherton 4 1 111 Belmont 14 18 227 Foster City
50 11 297 Half Moon Bay
37 10 174 Menlo Park
48 7 575 Pacifica 87 19 284 Redwood City
198 28 881 San Carlos
35 14 330 San Mateo
238 37 1,185 Woodside 42 13 300
San Mateo Countyunavaliable 241 5,894
The 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.