Los Angeles Foreclosures Down 49 Percent from December 2008; Miami Foreclosures Increase by 58 Percent and New York City by 64 Percent Says Propertyshark.com Report

New York, NY, February 11, 2009 --(PR.com)-- PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for January 2009.

(Note: This report covers January 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings

· New foreclosures in Los Angeles down 49% from December 2008 and down 33% from January 2008: New foreclosures in Los Angeles recorded a significant decrease in January 2009 (2,605), down 49% compared to December 2008 (5,104) and down 33% compared to January 2008 (3,881).

· New foreclosures in Miami, up 58% from December 2008, reaching a two-year peak in January 2009: The number of new foreclosures reached a two-year peak in Miami in January 2009, with the current number (1,188) 49% higher than one year ago (795). Compared to the previous month (750), the number of new foreclosures increased by 58%.

· New York City foreclosures up 64% from December 2008 and up 5% from January 2008: New foreclosures in New York City (all five boroughs) increased 64% from December 2008 (170) and were up 5% from January 2008 (266).

· New foreclosures in Seattle (104) spiked 300% from December 2008: There were 104 new foreclosures in Seattle in January 2009. The current number was up 300% from December 2008, but was down 42% compared to January 2008.

Real estate investors can browse current foreclosure listings for the following areas:

Los Angeles Foreclosures
Miami Foreclosures
New Jersey Foreclosures
NYC Foreclosures
Philadelphia Foreclosures
San Francisco Foreclosures
Seattle Foreclosures

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With over 25 million properties in twenty major markets, PropertyShark.com provides 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, available directly from the web. PropertyShark.com strives to level the playing field by offering 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