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New York City Foreclosure Listings in October Fall 21% from 2009 Levels


The number of new scheduled NYC foreclosure auctions (247) was up 16% in October 2010 compared to September 2010, but was down 21% from October 2009 (314).

New York City Foreclosure Listings in October Fall 21% from 2009 Levels
New York, NY, November 23, 2010 --(PR.com)-- PropertyShark.com, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for October 2010.

Key Report Findings

The number of new scheduled New York City foreclosure auctions (247) was up 16% in October 2010 compared to September 2010, and was down 21% from October 2009 (314).

With one in every 6,633 households scheduled for auction for the first time, Queens properties comprised 48% of the new foreclosures in New York City.

Compared to September 2010, the number of new Manhattan foreclosures (15) increased 114%, Brooklyn foreclosures (52) were up 126%, scheduled foreclosures in the Bronx were up 48%, while Queens foreclosures (118) were down 3%, and Staten Island foreclosures were down 26%.

Compared to October 2009, Queens was down 37% and Staten Island down 36%, Bronx was up 79%, Manhattan was up 25%, while Brooklyn remained level.

To browse current foreclosure listings in New York or New Jersey, go to: http://propertyshark.com/mason/Foreclosures/

PropertyShark.com aggregates real estate data from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse foreclosure listings, and much more.

About PropertyShark
A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009″, provides real estate professionals, investors and home buyers with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more. PropertyShark.com was founded by Matthew Haines in 2003. For more information or a free basic account, visit www.PropertyShark.com.

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

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