Foreclosed Homes: How Many And Where They Are In Los Gatos

Los Gatos has 97 homes still in some stage of foreclosure, according to information released today by Realty Trac. Of those, 73 houses are currently for sale.

The median sale price for a foreclosure home in Los Gatos was $806,250 in March. That compares with a median price of $999,000 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 583 homes sold in Los Gatos.

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 Los Gatos was 30 percent higher than the previous month but 57 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 3 percent from February to March, while the overall sales price for all homes grew 2 percent.

The Realty Trac website also contains a list of most of the foreclosed homes now sitting in Los Gatos.

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.

Santa Clara County

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.