NEW YORK, April 12, 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 January-March 2007 time period.
Four-City Findings (Request report for details):
* Foreclosure Auctions: PropertyShark.com recorded 2453
first-time trustee sales in Los Angeles, 554 foreclosure
auctions in New York City, 987 in Miami-Dade County, and
382 in Seattle for January-March 2007.
* Foreclosures per Household: Miami had 692% more properties
scheduled for foreclosure per household during the quarter
than New York City, 236% more per household than Seattle,
and 162% more per household than Los Angeles.
New York City:
* New Foreclosure Auctions: There were 554 new residential
foreclosures in New York City (5 boroughs), a 56.5% increase
from the fourth quarter of 2007 (354 foreclosures).
* Foreclosures by Borough: Of the boroughs, Queens had the
highest number of foreclosures in Q1 2007 (319, a 91%
quarterly increase). Sixteen of the top-20 zip codes for
foreclosures were in Queens. Manhattan again had very few
foreclosures (25) for the quarter.
"The number of new foreclosure auctions in New York City returned to levels seen last year at this time and follows the typical seasonal up-tick after the last quarter of a year. However, the foreclosure levels in Queens are worrisome," stated Ryan Slack, chief executive officer, PropertyShark.com.
Los Angeles County
* Trustee Sales: Los Angeles had 2453 trustee sales during the
period, an increase of 24.14% from the fourth quarter of 2007.
The top 3 zip codes in Los Angeles County for trustee sales
were in Lancaster and Palmdale.
Seattle (King County)
* Trustee Sales: King County had 382 new foreclosures in the
first quarter of 2007, an increase of 3.24% from the fourth
quarter of 2007. The top zip codes were 98178 and 98042.
Miami-Dade County
* Foreclosure Auctions: There were 987 new residential
foreclosures in Miami-Dade for the quarter, a 30.56% increase
from Q4 2006. For a list of the top 20 Miami zip codes for
foreclosure auctions, request the report.
Real estate investors can browse current foreclosure listings for the following areas:
Los Angeles Foreclosures: http://www.propertyshark.com/mason/california/Foreclosures/index.html
Miami Foreclosures: http://www.propertyshark.com/mason/florida/Foreclosures/index.html
New Jersey Foreclosures: http://www.propertyshark.com/mason/nj/Foreclosures/index.html
NYC Foreclosures: http://www.propertyshark.com/mason/Foreclosures
San Francisco Foreclosures: http://www.propertyshark.com/mason/san_francisco/Foreclosures/index.html
Seattle Foreclosures: http://www.propertyshark.com/mason/seattle/Foreclosures/index.html
Press may request a copy of the report by contacting Kelly Kreth at KKreth@Krethcommunications.com or 201-417-8691.
Request a complimentary copy of the PropertyShark.com "First Quarter 2007 Foreclosure Report" through Kelly Kreth.
With over 25 million properties in 20 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. PropertyShark.com strives to level the playing field by providing independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com
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