New York City Foreclosures Decline for the Fifth Consecutive Month in October 2011

22 Nov, 2011 @ 07:35 am EDT

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New York, NY, November 22, 2011 --(PR.com)-- PropertyShark.com, the premier property search website, released its monthly report covering new scheduled foreclosure auctions in New York City for October 2011.

Key Report Findings

• New scheduled foreclosure auctions decreased 6% in October 2011 compared to the previous month and dropped 76% compared to October 2010.
• First-time foreclosures in the Bronx recorded a 46% decrease over September 2011, Brooklyn foreclosures were down 27%, Queens foreclosures were down 11%, while Manhattan foreclosures increased 22%.
• Co-op foreclosures comprised 48% of the total number of first-time foreclosures in NYC, but recorded a 43% drop over October 2010.

To browse current foreclosure listings in New York or New Jersey, go to: http://propertyshark.com/mason/Foreclosures/

PropertyShark.com 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.

About PropertyShark
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.

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