Overall Nassau and Suffolk headed in opposite directions, with Suffolk foreclosures spiking upwards to two-year highs.
Here is a summary:
New foreclosures in Long Island decreased 20% from Q1 2009 – Long Island foreclosures (757) were down 20% compared to Q1 2009 (944), and up 9% over Q2 2008 (696).
Nassau County new foreclosures decreased 58% from Q1 2009 – Compared to Q1 2009 (626), new foreclosures in Nassau County (265) went down 58%. Since Q2 2008 (393), new foreclosures declined by 33%.
New Foreclosures in Suffolk County reached two-year high in Q2 2009 – There were 492 new foreclosure auctions scheduled in Suffolk County during Q2 2009. This was up 62% compared to Q2 2008 (303), and up 55% from Q1 2009 (318).
High foreclosure rates in Bayshore, Central Islip and Brentwood – Bayshore had a rate of one in every 250 homes scheduled for auction, Central Islip had a rate of one in every 293 homes scheduled for auction, and one in every 340 homes in Brentwood was scheduled for auction.