New York City Foreclosure Listings in January 2011 Down 59% from January 2010 Levels

The number of new scheduled NYC foreclosure auctions was down 59% in January 2011 compared to January 2010, and was down 4% from December 2010.

New York, NY, February 16, 2010 —, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for January 2011.

Key Report Findings

  • The number of new scheduled NYC foreclosure auctions (106) was down 59% in January 2011 compared to January 2010 (258), and was down 4% from December 2010 (110).
  • Compared to December 2010, the number of new Manhattan foreclosures (8) was up 60% while in the Bronx (21) the number was up 62%. Brooklyn foreclosures remained level (17) while Queens foreclosures (48) decreased 21% and Staten Island foreclosures (12) were down 14%.
  • Compared to January 2010, the number of foreclosures was down 64% in Manhattan and Queens, 60% in Brooklyn, and 69% in Staten Island, while they remained at the same level in the Bronx.

To browse current foreclosure listings in New York or New Jersey, go to: aggregates real estate data from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse foreclosure listings, and much more.

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