Subscribe to This Feed2nd quarter Long Island Lis Pendens filings highest ever
| The total number of 2nd quarter Lis Pendens filings on Long Island was 4,804. This is the highest quarterly total ever recorded.
The previous high was 4,325 in the 2nd quarter of 2008. Both Nassau and Suffolk exceeded their previous highs which were also in the 2nd quarter of 2008. |
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It is difficult to plot meaningful trend lines, due to the law changes in August 2008. These caused a change in the filing times of Lis Pendens, as can be seen in the charts below.
The charts show the trend line up to and including the month of August 2008, including individual trend lines for each year. It is easy to see the current upward trend began in 2006 and has not shown any sort of reversal. NOTE: The Suffolk County chart includes July 2009, since all Suffolk Lis Pendens filings for July have been recorded. |
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| For complete information on Long Island Sales and Lis Pendens, visit
The Long Island Real Estate Report Stats/Trends area. |
I was very alarmed to see 33 reported in a week for the east end (used to high teens- low 20’s) on one of your reports sent- guess it’s not an anomoly. Will be interested to see how we fare in the coming months…
[...] See the complete LI RealEstateReport post here [...]
Where are all of these foreclosures, and what are the banks doing with them? There are over 1,000 of them every month, yet the banks and their hired real estate brokers can only show me a few dozen. Where are these properties? Plus, both the free and the paid real estate sites are not showing these numbers. It’s as if a huge segment of the dramatic real estate turmoil (the nicer properties) are being sold to some private purchasers. Wish I was a hedge fund…