The July New York City Foreclosure Report is now out covering first time scheduled New York City foreclosure listings in the five boroughs. Here are the key takeaways.

  • New scheduled foreclosure auctions in New York City (318) decreased 7% from July 2008 (341) and were down 8% from June 2009 (344).
  • Queen’s (199) properties comprised 63% of the new foreclosures in New York City.
  • There were only 4 new scheduled foreclosure auctions in Manhattan in July 2009, 43% less than in June 2009 and 71% less than in July 2008.
  • Staten Island had 39 new foreclosures scheduled. This is 28% less than in July 2008 but 3% more than in June 2009.
  • New foreclosures in the Bronx totaled 29, level with July 2008 values, and down 12% from June 2009.
  • In Brooklyn, new foreclosures increased 27% from June 2009 and were down 25% from July 2008.