Today PropertySharks sent me the stats for 3rd quarter. I am mostly looking at the stats for Queens and clearly you can see from this graph that the 3rd quarter almost doubled in the amount of foreclosures from the third quarter last year(2006). But, looking at the graph - While it is still scarey in comparison from last year, Queens has been holding steady with little increase.
Yes, it is true that Queens has had the most foreclosures on record, but take into consideration that Queens is bunched together and contains alot of zip codes. So, it is easy to think Queens as in; Bayside, Whitestone, Beechhurst, Flushing and Flushing North but it is not. You will see the top foreclosure areas by Zip code in my next graph.
Take a look at the top twenty areas by zip code graph, I hope that the graph can put things into a bit more perspective.
Tina Mattow from PropertySharks sent me this quote:
" New York City Boroughs: Staten Island had the largest percentage jump in foreclosures (64.81%)
since last quarter, but Queens and Brooklyn again comprised the highest number of new foreclosure auctions in New York City".
The next graph shows the actual acutions that were scheduled:
That my friends, is what I find disturbing!
(Click on graphs to enlarge)