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Foreclosure Report, April 2009
   P  r  o  p  e  r   t  y   S   h  a  r   k .  c  o  m 
Covering:Los Angeles, Miami, New York City, Seattle
 
 
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© 2007-2009 PropertyShark.com
Monthly Foreclosure Report, April 2009
PropertyShark.com 
provides real estate professionals and investors with comprehensive property information including owner name and phone number, building details, comparable sales, foreclosure listings,zoning, violations, maps, mailing lists, and photos. PropertyShark.com offers the transparency essential to evaluate real estate and make informed decisions. For a free basic account, visit www.PropertyShark.com. In our monthly foreclosure report PropertyShark.com provides charts, tables, and metrics about residential foreclosures (also known as trustee sales) in four key metro areas (New York City, Los Angeles, Miami,and Seattle). This report includes numbers from the past two-years, with an emphasis on April 2009.For the purposes of this report,
a “foreclosure” is defined as a property scheduled for auction 
for the first time during the stated period 
. The report focuses on new foreclosures, so properties that have had previous auctions postponed, canceled, or delayed are not included.
 
Note: All data is aggregated from government records and legal notices, and is supplied as-is for informational purposes. It 
should not be used for purposes of making investment decisions. In this report, a “foreclosure” is defined as a property whos 
e first foreclosure auction is scheduled during the period stated. The focus is on new foreclosures rather than properties that have had auctions canceled, delayed, or postponed. Lien amounts are not always known. PropertyShark.com is not liable for any losses or damages arising from or in any way related to this report, including, without limitation, any errors therein.
 
Key Takeaways
 
Los Angeles had 3,622 new foreclosures in April 2009, which is 4% lower than in March 2009(3,774) and 20% lower than April 2008 (4,546).In April 2009, new foreclosures in Miami totaled 993, increasing 9% since March 2009 (915),and 13% over April 2008 (882).New Foreclosures in New York City (263) saw an 18% decrease from March 2009 (320) and a20% decrease from April 2008 (329).
Queens’ new foreclosures (172) recorded a 23% drop from March 2009 (222) and an 11% decrease
from the April 2008 numbers (193).Manhattan had 8 new foreclosures in April 2009, 47% less than in April 2008 (15).
There were 341 new foreclosures in Seattle for April 2009, which is up 70% from March 2009(201) and 78% higher than April 2008 (192).
 
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© 2007-2009 PropertyShark.com
Monthly Foreclosure Report, April 2009
 Apr-08May-08Jun-08Jul-08 Aug-08Sep-08Oct-08Nov-08Dec-08Jan-09Feb-09Mar-09 Apr-09% Change Apr 2008
New York City
329 313 320 340 383 397 336 258 170 280 269 320 263
-20%Seattle
192 161 186 199 185 139 171 123 26 106 294 201 341
78%Los Angeles
4,546 5,311 4,653 5,984 4,913 4,866 2,425 3,706 5,108 2,618 2,870 3,774 3,622
-20%Miami
882 882 913 1,099 994 445 861 679 750 1,188 858 915 993
13%
Comparison to March 2009
Compared to March 2009, newforeclosures were down 18% inNew York City and down 4% inLos Angeles. Miami foreclosureswere up 9% and Seattle saw a70% increase over the sameperiod.
Comparison to April 2008
New foreclosures were down20% both in New York City andLos Angeles compared to April2008. Miami foreclosures wentup 13% and Seattle went up78% over the same period.
Foreclosures/Household
In April 2009 Miami had thehighest rate of foreclosures perhousehold, with one in every
New York City
With 263, new foreclosures inthe five boroughs decreased18% since March 2009 andwere down 20% from April2008.782 homes scheduled for auction, followed by Los Angeles, with one inevery 865 homes scheduled for auction. The lowest rate of foreclosure perhousehold occurred in the five boroughs of New York City, with one inevery 11,475 homes scheduled for auction.
Four Region Comparison (Los Angeles, Miami, NYC, Seattle)
New York City
3412639933,6220 500 1000 1500 2000 2500 3000 3500 4000
SeattleNew York CityMiamiLos Angeles
New Residential Foreclosures, April 2009
0.009%0.048%0.116%0.128%0.000% 0.020% 0.040% 0.060% 0.080% 0.100% 0.120% 0.140%
New York CitySeattleLos AngelesMiami
Foreclosures/Household, April 2009
050100150200250300350400
      A     p     r   -      0      7
      J     u     n   -      0      7
      A     u     g   -      0      7      O     c      t   -      0      7
      D     e     c   -      0      7
      F     e      b   -      0      8      A     p     r   -      0      8
      J     u     n   -      0      8
      A     u     g   -      0      8      O     c      t   -      0      8      D     e     c   -      0      8
      F     e      b   -      0      9
      A     p     r   -      0      9
New NYC Foreclosure Auctions Scheduled
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