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Q1 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

Los Angeles Foreclosures Down 18% from Q4 2008; Seattle Foreclosures Up by 88%, Miami by 29% and New York City up by 14% Says PropertyShark.com

In the Q1 2009 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures were down 18% from Q4 2008, Miami foreclosures increased by 29%, New York City by 14%, and new scheduled foreclosures in Seattle were up 88%.

New York, NY, April 14, 2009 – PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for Q1 2009.

(Note: This report covers Q1 09 in aggregate. To view individual foreclosure listings in an area, go to http://www.propertyshark.com/mason/Foreclosures/new_york/)

Key Report Findings

  • New foreclosures in Los Angeles dropped 18% from Q4 2008 (11,238) to Q1 2009 (9,260): This brought Los Angeles very close to the foreclosure level recorded in Q1 2008 (8,898).
  • New foreclosures in Miami (2,961) reached a two-year high in Q1 2009: This is 33% higher than Q1 2008, and a 29% increase since Q4 2008.
  • New foreclosures in Queens comprised 66% of foreclosures in New York City. Queen’s foreclosures were up 14% compared to Q1 2008 and up 17% from Q4 2008.
  • Brooklyn saw a significant drop in new foreclosures, declining 74% compared to Q1 2008 and down 55% from Q4 2008.
  • New foreclosures in Seattle (601) reached a two-year high in Q1 2009: This is 55% higher than Q1 2008 and 88% higher than Q4 2008.

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, 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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