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New York City Foreclosures Down 12 Percent from March 2011; Brooklyn Foreclosures Decreased by 54 Percent While Manhattan Foreclosures Increased 4%


The number of new scheduled NYC foreclosure auctions was down 65% in April 2011 compared to April 2010, and was down 12% from March 2011.

New York City Foreclosures Down 12 Percent from March 2011; Brooklyn Foreclosures Decreased by 54 Percent While Manhattan Foreclosures Increased 4%
New York, NY, May 26, 2011 --(PR.com)-- PropertyShark.com, the premier real estate research site, released its monthly report covering first-time residential New York City foreclosures for April 2011.

Key Report Findings

* The number of new scheduled foreclosure auctions in NYC (93) registered a 65% decrease in April 2011 compared to April 2010 (265), and a 12% decrease compared to March 2011 (106).

* Compared to March 2011, Brooklyn foreclosures were down 54% and the number of new Staten Island foreclosures decreased 20%. Manhattan foreclosures were up 4%, Queens foreclosures saw a 3% increase (34) and the number of newly scheduled Bronx foreclosures remained level (19).

* The number of properties that received at least one lis pendens filing in April 2011 (981) saw a 23% decrease compared to April 2010 (1,271) and a slight decrease of 1% compared to March 2011 (988).

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
Matt Wilson
718-715-1758
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www.PropertyShark.com

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