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New York City Foreclosures Down 47 Percent from Q4 2010; Queens Foreclosures Decreased by 61 Percent While Manhattan Foreclosures Increased 46%


The number of new scheduled NYC foreclosure auctions was down 67% in Q1 2011 compared to Q1 2010, and was down 47% from Q4 2010.

New York City Foreclosures Down 47 Percent from Q4 2010; Queens Foreclosures Decreased by 61 Percent While Manhattan Foreclosures Increased 46%
New York, NY, April 15, 2011 --(PR.com)-- PropertyShark.com, the premier real estate research site, today released its quarterly report covering first-time residential New York City foreclosures for Q1 2011.

Key Report Findings

*The number of new scheduled foreclosure auctions in New York City (256) saw a 67% decrease in Q1 2011 compared to Q1 2010 (767), and a 47% decrease from Q4 2010 (487).

*Compared to Q4 2010, Staten Island foreclosures were down 68%, Queens foreclosures decreased 61%, scheduled Brooklyn foreclosures were down 41% and Bronx foreclosures were down 31%. Manhattan was the only borough that saw an increase in the number of new scheduled foreclosures: 46% more than in Q4 2010.

* Pre-foreclosures in NYC were down 30% compared to Q1 2010 and down 4% from Q4 2010.

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

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PropertyShark.com
Matt Wilson
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