Los Angeles Foreclosures Down 18% from Q4 2008; Seattle Foreclosures Up by 88%, Miami by 29% and New York City up by 14% Says PropertyShark.com

New York, NY, April 14, 2009 --(PR.com)-- PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for Q1 2009.

(Note: This report covers Q1 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)
· New foreclosures in Los Angeles dropped 18% from Q4 2008 (11,238) to Q1 2009 (9,260) – This brought Los Angeles very close to the foreclosure level recorded in Q1 2008 (8,898).

· New foreclosures in Miami (2,961) reached a two-year high in Q1 2009 - This is 33% higher than Q1 2008, and a 29% increase since Q4 2008.

· New foreclosures in New York City (869) were down 5% compared to Q1 2008 (918) and up 14% over Q4 2008 (764).

o New foreclosures in Queens comprised 66% of foreclosures in New York City. Queen’s foreclosures were up 14% compared to Q1 2008 and up 17% from Q4 2008.

o Brooklyn saw a significant drop in new foreclosures, declining 74% compared to Q1 2008 and down 55% from Q4 2008.

· New foreclosures in Seattle (601) reached a two-year high in Q1 2009 - This is 55% higher than Q1 2008 and 88% higher than Q4 2008.

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

Los Angeles Foreclosure listings
Miami Foreclosure listings
New Jersey Foreclosure listings
NYC Foreclosure listings
Philadelphia Foreclosure listings
San Francisco Foreclosure listings
Seattle Foreclosure listings

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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