New York, NY, February 18, 2011 --(PR.com
)-- PropertyShark.com, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for January 2011.
Key Report Findings
The number of new scheduled NYC foreclosure auctions (106) was down 59% in January 2011 compared to January 2010 (258), and was down 4% from December 2010 (110).
Compared to December 2010, the number of new Manhattan foreclosures
(8) was up 60% while in the Bronx (21) the number was up 62%. Brooklyn foreclosures
remained level (17) while Queens foreclosures (48) decreased 21% and Staten Island foreclosures (12) were down 14%.
Compared to January 2010, the number of foreclosures was down 64% in Manhattan and Queens, 60% in Brooklyn, and 69% in Staten Island, while they remained at the same level in the Bronx.
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.
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.