There’s been a sprinkling of foreclosed homes for sale in some of the nicest neighborhoods in Oakland; Rockridge, Glenview, Crocker Highlands, Oakmore & Montclair. 

Today, an “REO” came on the market in Piedmont priced at $850,000.  It sold for $1,070,00 in 2006, described as a 1950 “contemporary”  Four Bedrooms, two on each level, carpeted floors, no garage on a narrow span of Scenic by Blair. 

Newsworthy, but probably not a trend in Piedmont or in Oakland Hills areas considered an easy commute to San Francisco.