County real estate market not as dismal as local one

Foreclosures Down In Suffolk

Maybe we can lighten the mood around here.

There may be a glimmer of life: Foreclosures in Suffolk County are down.

In November, the number of properties that received a foreclosure filing in U.S. was 10 percent lower than the previous month and six percent lower than the same time last year. The info comes courtesy of RealtyTrac.

Broken down by location, Mastic (one in every 317 properties), Wyandanch, Islandia, Selden, and Shirley, where one in every 483 properties is in foreclosure, are the most distressed.

On the East End, there are only a handful of foreclosures in each township: One in every 1859 in East Hampton, 1881 in Southampton, and one in 855 in Riverhead. There are only one or two homes in foreclosure in Southold town as of this writing.

According RealtyTrac, there are currently 375,901 properties in the U.S. that are in some stage of foreclosure (default, auction, or bank-owned), while the number of homes listed for sale on RealtyTrac is just shy of 800,000.

rmurphy@indyeastend.com