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Long Island Foreclosures Down 34% from June 2009 But Up 3% from July 2008 Says PropertyShark.com


PropertyShark.com today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for July 2009.

Long Island Foreclosures Down 34% from June 2009 But Up 3% from July 2008 Says PropertyShark.com
Hempstead, NY, August 13, 2009 --(PR.com)-- PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for July 2009.

Key Report Findings

• Long Island foreclosures down 34% from June 2009 but up 3% from July 2008: New foreclosures in Long Island (202) are up 3% in July 2009 from July 2008 (197) but down 34% from June 2009 (305).

• Nassau County reached the lowest level of new foreclosures for the year in July 2009: The current number (48) is 61% lower than in July 2008 (122) and 48% lower than in June 2009 (93).

• Suffolk County foreclosures up 105% from July 2008, but down 27% from June 2009: There were 154 new foreclosures in Suffolk County in July 2009, up 105% from July 2008, but down 27% from June 2009.

The full Long Island July 09 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html.

Click Hamptons Foreclosure Listings to see the interactive map showing scheduled foreclosure auctions in Suffolk for July 2009.

In addition to foreclosure listings, PropertyShark.com visitors can view property reports for almost every property on Long Island, run sales comparables to assess market values, and browse Long Island homes for sale including Hamptons Homes For Sale. PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

About PropertyShark: With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

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Contact Information
PropertyShark.com
Brian Scully
718-715-1758
Contact
www.PropertyShark.com

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