PropertyShark.com’s Quarterly Report Tracks Foreclosure Auctions in NY, LA and Miami
Published September 9th, 2006
Property Auction Info
PropertyShark.com, a real estate investment data site, announced residential foreclosure auction numbers for New York City, Miami, and Los Angeles for the April-June 2006 time period.
Key Three-City Findings:
• Number of Foreclosure Auctions: PropertyShark.com recorded 1,250 trustee sales in Los Angeles, 535 foreclosure auctions in New York City, and 515 in Miami-Dade County for April-June 2006.
• Foreclosure Auctions per household: On a per household basis, .066% of Miami households had a property go to foreclosure auction during the quarter, an alarming 374% more foreclosures per household than New York City, and 166% more foreclosures per household than Los Angeles.
“The number of foreclosures per household in Miami-Dade County is particularly high for the quarter. South Florida is definitely one of the first regions we have seen to show clear signs of problems in the housing market,” stated Ryan Slack, chief executive officer, PropertyShark.com.
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