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Q2 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

Seattle Foreclosures Rocket 105% Higher in the Second Quarter of 2009, Los Angeles Up 47% and New York City Foreclosures Up 3% from Q1 2009 Says PropertyShark.com Report

New York, July 8, 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 Q2 2009.

(Note: This report covers Q2 09 in aggregate. To view individual foreclosure listings in an area, click here.)

Key Report Findings

  • New foreclosures in Queens (610) were up 9% from Q2 2008 and up 5% from Q1 2009.
  • Seattle foreclosures (1,235) reached record highs in Q2 2009: The 1,235 foreclosure auctions scheduled this quarter are 105% higher than in Q1 2009 (602), a 129% increase in new foreclosures since Q2 2008 (539).
  • Los Angeles foreclosures up 47% from Q1 2009 (9,263) to Q2 2009 (13,654): This is 6% lower than the level recorded in Q2 2008 (14,511), but still represented one in every 230 homes scheduled for auction.
  • Miami foreclosures (2,556) down 14% from Q1 2009Compared to Q2 2008 (2,677), new foreclosures were down 5%.

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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