New York City, NY, August 20, 2010 – PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New York City for July 2010.

Key Report Findings

• The number of new scheduled foreclosure auctions in New York City (218) remained steady in July 2010 compared to June 2010,  and was down 41% from July 2009 (367).

• Queens properties comprised 57% of the new foreclosures in New York City. Queens zip codes 11434, 11433 (Jamaica, South Jamaica, Hollis, St. Albans) and 11420 (Howard Beach, Ozone Park, South Ozone Park) were the top three, with the highest numbers of foreclosures in July 2010.

• Compared to June 2010,  the number of Manhattan new foreclosures (14) increased 27%, Brooklyn (37) was up 85% and Queens (125) was up 2%,  while The Bronx was down 27% and Staten Island down 41%.

• Compared to July 2009, Queens and The Bronx were down 44%, Manhattan down 30%, Staten Island down 57% and Brooklyn down 8%.

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.

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

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