NEW YORK, Feb. 22, 2007 (PRIME NEWSWIRE) -- PropertyShark.com, the premier real estate data site, announces its quarterly report covering first-time residential foreclosures in New York City, Miami, Seattle, and Los Angeles for the October-December 2006 time period.
(For more details, press may request a complimentary copy of the PropertyShark.com "Fourth Quarter 2006 Foreclosure Report" through Kelly Kreth.)
Four-City Findings
* Foreclosure Auctions: PropertyShark.com recorded 1976 first-time trustee sales in Los Angeles, 354 foreclosure auctions in New York City, 756 in Miami-Dade County, and 370 in Seattle for October-December 2006. * Foreclosures per Household: Miami had 870% more properties scheduled for foreclosure per household during the quarter than New York City, 179% more per household than Seattle, and 86% more per household than Los Angeles.
New York City:
* New Foreclosure Auctions: There were 354 new residential foreclosures in New York City (5 boroughs), an overall decrease (-16.7%) from the third quarter of 2006 (425 foreclosures). * Foreclosure Auctions by Borough: Staten Island had the highest foreclosure rate per household in Q4 2006, 250% higher than Brooklyn and seven times the rate per household in Manhattan. Sixteen of the top-20 zip codes for foreclosures were in Queens and Brooklyn.
"The biggest surprise to us was in Brooklyn, with new foreclosure auctions down 34% from last quarter and at two-year lows," stated Ryan Slack, chief executive officer, PropertyShark.com.
Los Angeles County
* Trustee Sales: Los Angeles had 1976 trustee sales during the period, an increase of 28.90% from the third quarter of 2006. The majority occurred in the Lancaster/Palmdale area and in South Central Los Angeles.
Seattle (King County)
* Trustee Sales: King County had 370 new foreclosures in the fourth quarter of 2006, an increase of 26.28% from the third quarter of 2006. The top zip code was in the Auburn/Federal Way area.
Miami-Dade County
* Foreclosure Auctions: There were 756 new residential foreclosures in Miami-Dade for the quarter, a 32.17% increase from Q3 2006. The majority of Miami-Dade foreclosures occurred in the Hialeah area.
Real estate investors can browse current foreclosure listings for the following areas:
NYC Foreclosures: http://www.propertyshark.com/mason/Foreclosures
Los Angeles Foreclosures: http://www.propertyshark.com/mason/california/Foreclosures/index.html
Miami Foreclosures: http://www.propertyshark.com/mason/florida/Foreclosures/index.html
Seattle Foreclosures: http://www.propertyshark.com/mason/seattle/Foreclosures/index.html
NJ Foreclosures: http://www.propertyshark.com/mason/nj/Foreclosures/index.html
SF Foreclosures: http://www.propertyshark.com/mason/san_francisco/Foreclosures/index.html
With over 25 million properties in twenty major markets, PropertyShark.com enables 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, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, directly from the web. For more information go to: www.propertyshark.com
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