Nassau Is Third, Sees 5% Decline
By Hank Russell
Despite a double-digit decrease, Suffolk County was second in the Metro New York region in the number of first-time foreclosures. Nassau, meanwhile, was third, although the number of first-time foreclosures was also down.
According to PropertyShark, there were 151 foreclosures in the first quarter of this year, second to Queens County, with 165. Compared to the same quarter last year, Suffolk saw a 28% dip from the Q1 2024 figure of 211. During the first three months of 2024, Suffolk was the most active foreclosure market in the region.
Nassau County had 135 first-time foreclosures, according to PropertyShark. It was a slight 5% decrease from the first three months last year, at 142. Last year, Nassau was still third.
This report focuses on residential properties (single and two-family homes, condominiums, and co-op units) that were scheduled for auction for the first time in Q1 2025 in metro New York.
Metro New York was defined as a 24-county area comprising the five New York City counties: New York (Manhattan), Kings (Brooklyn), Queen (Queens), Bronx (The Bronx) and Richmond (Staten Island); two Long Island counties (Nassau and Suffolk); three Lower Hudson Valley counties (Putnam, Rockland and Westchester); two Mid-Hudson Valley counties: Dutchess and Orange; seven North Jersey counties (Bergen, Essex, Hudson, Morris, Passaic, Sussex and Union); and five Central Jersey counties (Hunterdon, Middlesex, Monmouth, Ocean and Somerset).