New York, NY, January 19, 2011– PropertyShark.com, the premier real estate research site, released its quarterly report covering first-time residential New York City foreclosures for O4 2010.
Key Report Findings
- The number of new scheduled New York City foreclosure auctions (487) was down 26% in Q4 2010 compared to Q3 2010 (659), and was down 32% from Q4 2009 (712).
- With one in every 3,275 households scheduled for auction for the first time, Queens’s properties comprised 49% of the new foreclosures in New York City.
- Compared to Q3 2010, the number of new Brooklyn foreclosures (91) were up 14%, scheduled foreclosures in the Bronx were up 15%, while Manhattan foreclosures (28) decreased 22%, Queens foreclosures (239) and Staten Island foreclosures (59) were down 38%.
- Compared to Q4 2009, Queens was down 42%, Manhattan was down 36%, Staten Island down 28% and Brooklyn was down 14%. Bronx was up 6%.
To browse current foreclosure listings in New York or New Jersey, go to: http://propertyshark.com/mason/Foreclosures
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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.