In addition to quarterly sales data hitting this week, we also get a quarterly foreclosure report from Property Shark. On the bright side, the firm’s New York City foreclosure numbers look like a teensy blip compared to L.A. and Miami: The warmer climes had 8,877 and 2,231 foreclosures scheduled in the first three months of this year, respectively, while NYC had 918 scheduled. Since we’re talking about foreclosures, though, that’s more or less where the good news ends. There were 140 foreclosures scheduled in Brooklyn last quarter, compared to 103 in Q4 2007; the first three months of ’07 saw 129 scheduled foreclosures, so this quarter’s numbers don’t signify a huge year-to-year leap. The 11233 (Bed-Stuy and surrounding areas) and 11207 (East New York and surrounding areas) ZIPs topped the Brooklyn forcs charts. In all of New York City, there was a 66 percent rise in the number of foreclosures compared to this time last year, with the highest number by far recorded in Queens (508).
Foreclosure Reports [Property Shark]