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April 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

Miami Foreclosures up 13% and Seattle up 78% from April 2008 says PropertyShark.com Report. Los Angeles and New York City Foreclosures Down 20%

Los Angeles, CA, May 13, 2009 – PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for April 2009.

(Note: This report covers April 09 in aggregate. To view individual foreclosure listings in an area, go to http://www.propertyshark.com/mason/Foreclosures/new_york/)

Key Report Findings

  • There were 341 new foreclosures in Seattle for April 2009, up 70% from March 2009 (201) and 78% higher than April 2008 (192)
  • Los Angeles had 3,622 new foreclosures in April 2009, a 4% drop from March 2009 (3,774) and 20% lower than April 2008 (4,546)
  • In April 2009, new foreclosures in Miami totaled 993, increasing 9% over March 2009 (915) and 13% over April 2008 (882)
  • New York City foreclosures (all five boroughs) saw an 18% decrease from March 2009 (320) and a 20% decrease from April 2008 (329)
  • Queens‘ new foreclosures (172) recorded a 23% drop from March 2009 (222) and an 11% decrease from the April 2008 numbers (193)
  • Manhattan had 8 new foreclosures in April 2009, 47% less than in April 2008 (15)

“The recent spike upwards in Seattle foreclosures is troubling,” states Bill Staniford, CEO of PropertyShark.com. “Most regions we track reached their distressed property peaks in 2008 and are rebounding, while what was a stable Seattle real estate market seems to be getting worse.”

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

Real estate investors can browse current foreclosure listings for the following areas:

With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, property tax, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

For all media inquiries, please contact the PropertyShark.com Marketing Department at (718) 408-4985 or pr@propertyshark.com.

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