It's possible this property was just foreclosed. It will take a little bit of time before the bank's asset manager assigns a realty company to market this for sale.
Please note that it may not be listed for the price that you see in the link you provided. That figure may be the amount that was owed, and that is what the bank foreclosed on. It may be listed at a higher price, close to, or right at current fair market value.
If you have other questions, please feel free to contact me, either via this venue on Trulia, or call me at 510 748 1148. I will be happy to help.