Published: April 15, 2011
New York City Foreclosures Down 47 Percent from Q4 2010; Queens Foreclosures Decreased by 61 Percent While Manhattan Foreclosures Increased 46%
New York, NY, April 15, 2011 --(PR.com)-- PropertyShark.com, the premier real estate research site, today released its quarterly report covering first-time residential New York City foreclosures for Q1 2011.
Key Report Findings
*The number of new scheduled foreclosure auctions in New York City (256) saw a 67% decrease in Q1 2011 compared to Q1 2010 (767), and a 47% decrease from Q4 2010 (487).
*Compared to Q4 2010, Staten Island foreclosures were down 68%, Queens foreclosures decreased 61%, scheduled Brooklyn foreclosures were down 41% and Bronx foreclosures were down 31%. Manhattan was the only borough that saw an increase in the number of new scheduled foreclosures: 46% more than in Q4 2010.
* Pre-foreclosures in NYC were down 30% compared to Q1 2010 and down 4% from Q4 2010.
To browse current foreclosure listings in New York or New Jersey, go to: http://propertyshark.com/mason/Foreclosures/
Contact Information:
PropertyShark.com
Matt Wilson
718-715-1758
pr@propertyshark.com
www.PropertyShark.com
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