Palo Alto, California — Stanford University
Image provided by Stanford University

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.

Foreclosures 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.

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