Palo Alto, California — Stanford University
Known as the "birthplace of the Silicon Valley," 94 foreclosure
properties sold in Cardinal territory for an average price of $350,886
during the first half of the year — an astounding 69 percent below the average price of properties not in foreclosure during the same time period.
accounted for 17 percent of all homes sales in the area during the
period, indicating there are plenty of foreclosure deals available but
not so many as to drag down the entire market.