News Releases

(For all media inquiries, please contact the PropertyShark.com Marketing Department at
(718) 408-4985 or pr@propertyshark.com)

August 25, 2009 PropertyShark.com Named by TIME.com to the 'Top 50 Websites of 2009'
August 21, 2009 July 2009 Foreclosure Report Issued by PropertyShark.com Covering New Jersey Foreclosures
August 13, 2009 July 2009 Foreclosure Report Issued by PropertyShark.com Covering Long Island Foreclosures
August 11, 2009 July 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
July 21, 2009 Q2 2009 Foreclosure Report Issued by PropertyShark.com Covering Long Island Foreclosures
July 8, 2009 Q2 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
May 15, 2009 April 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
April 15, 2009 Q1 2009 Foreclosure Report Issued by PropertyShark.com Covering New Jersey Foreclosures
April 14, 2009 Q1 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
March 24, 2009 PropertyShark.com Adds Hampton's Residential for Sale Listings
March 23, 2009 February 2009 New Jersey Foreclosure Report Issued by PropertyShark.com
March 17, 2009 February 2009 Long Island Foreclosure Report Issued by PropertyShark.com
March 11, 2009 Secret History Of Properties A Click Away On Propertyshark.Com, Now With Maponics Neighborhood Boundary Data; Selects Maponics To Enhance Searching And Mapping
February 11, 2009 January 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
January 12, 2009 Q4 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
December 18, 2008 November 2008 Long Island Foreclosure Report Issued by PropertyShark.com
December 18, 2008 November 2008 New Jersey Foreclosure Report Issued by PropertyShark.com
December 09, 2008 November 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
November 18, 2008 October 2008 Long Island Foreclosure Report Issued by PropertyShark.com
November 17, 2008 October 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
October 17, 2008 PropertyShark.com Launches PropertyShark University
October 15, 2008 Q3 2008 Long Island Foreclosure Report Issued by PropertyShark.com
October 07, 2008 Q3 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
October 03, 2008 Propertyshark.Com Collaborates with Corcoran To Release Manhattan Real Estate Report for Q3 2008
September 06, 2008 August 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures
September 05, 2008 August 2008 Long Island Foreclosure Report Issued by PropertyShark.com
August 26, 2008 PropertyShark.com Releases Second Quarter 2008 Multifamily Investment Property Report
August 6, 2008 July 2008 Foreclosure Report Issued by PropertyShark.com
July 15, 2008 Long Island Foreclosure Report for Q2 2008 Issued by PropertyShark.com
July 2, 2008 Propertyshark.Com Collaborates with Corcoran To Release Manhattan Real Estate Report
June 5, 2008 May 2008 Foreclosure Report Issued by PropertyShark.com
June 3, 2008 PropertyShark.com Releases First Quarter 2008 Multifamily Investment Property Report
May 7, 2008 April 2008 Foreclosure Report Issued by PropertyShark.com
May 5, 2008 The Corcoran Group Partners with PropertyShark.com
April 29, 2008 PropertyShark.com Appoints Bill Staniford as New CEO: Site Usage, new Registered Users and Subscribers Surge Higher in the First Quarter of 2008
April 23, 2008 PropertyShark.com Announces the Launch of a Mailing List Data Service for Real Estate Professionals
April 8, 2008 First Quarter 2008 Foreclosure Report Released by PropertyShark.com
March 5, 2008 February 2008 Foreclosure Report Issued by PropertyShark.com
February 5, 2008 January 2008 Foreclosure Report Issued by PropertyShark.com
January 15, 2008
December 5, 2007
November 15, 2007
October 3rd, 2007
July 17, 2007
June 7, 2007
May 22, 2007
April 25, 2007
April 11, 2007
February 22, 2007
January 9, 2007
November 29, 2006
November 16, 2006
August 3, 2006
June 14, 2006
May 10, 2006
March 1, 2006
February 15, 2006
February 7, 2006
January 3, 2006
November 3, 2005
October 18, 2005

PropertyShark.com Named by TIME.com to the 'Top 50 Websites of 2009'

New York City, NY, August 25, 2009 - PropertyShark.com, the premier real estate data website, was named to the TIME.com "Top 50 Websites of 2009". The list includes the Top 50 sites that are "indispensable to navigating, enjoying yourself, shopping or just killing time on the Web."

PropertyShark.com (www.propertyshark.com) aggregates real estate data and listings from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering a dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse nearby for sale and foreclosure listings, and much more.

"For PropertyShark.com to be included by TIME.com among a list of internet giants like Google, Wikipedia, Facebook, YouTube and Twitter is quite an honor, particularly coming after a year where traditional real estate paradigms have been tested," stated Matthew Haines, Founder of PropertyShark.com. "Now more than ever, it is critical that real estate professionals, investors and home buyers have access to comprehensive property research tools in order to help make intelligent, informed decisions, and PropertyShark will continue to aggregate real estate information to help meet this goal."

To see the full list of websites, go to: http://www.time.com/time/specials/packages/0,28757,1918031,00.html

PropertyShark.com Founder Matthew Haines and CEO Bill Staniford are available for comment on any real estate stories by contacting pr@propertyshark.com)

In addition to property research and listings, PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

About PropertyShark: With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

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New Jersey Foreclosures in July 2009 Are 6% Lower Than in July 2008 Says New Jersey Foreclosure Report by PropertyShark.com

There were 1,041 new foreclosures scheduled for auction in New Jersey in July 2009. This is almost equal to June 2009 (1,036) and 6% lower than in July 2008 (1,107).

Newark, NJ, August 21, 2009 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New Jersey for July 2009.

Key Report Findings
  • There were 1,041 new foreclosures scheduled for auction in New Jersey in July 2009. This is almost equal to June 2009 (1,036) and 6% lower than in July 2008 (1,107).
  • Essex County had the highest number of scheduled foreclosures in July 2009, while Atlantic County had the highest foreclosure rate.
    • There were 152 new foreclosures in Essex County in July 2009, 96 in Middlesex County, 94 in Ocean County and 79 in Union County.
    • Atlantic County had the highest rate of foreclosures per household, with one in every 1,418 homes scheduled for auction in July 2009.
  • Newark, Paterson and Trenton were the cities with the most new foreclosures in July 2009. Newark topped the list with 71 new foreclosures, followed by Paterson with 37 new foreclosures, and 34 in Trenton.

The full New Jersey July 09 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html

In addition to foreclosure listings, PropertyShark.com visitors can view property reports, run sales comparables to assess market values, and browse New Jersey homes for sale. PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

About PropertyShark: With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

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Long Island Foreclosures Down 34% from June 2009 But Up 3% from July 2008 Says PropertyShark.com Says PropertyShark.com

PropertyShark.com today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for July 2009.

Hempstead, NY, August 13, 2009 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for July 2009.

Key Report Findings
  • Long Island foreclosures down 34% from June 2009 but up 3% from July 2008: New foreclosures in Long Island (202) are up 3% in July 2009 from July 2008 (197) but down 34% from June 2009 (305).
  • Nassau County reached the lowest level of new foreclosures for the year in July 2009: The current number (48) is 61% lower than in July 2008 (122) and 48% lower than in June 2009 (93).
  • Suffolk County foreclosures up 105% from July 2008, but down 27% from June 2009: There were 154 new foreclosures in Suffolk County in July 2009, up 105% from July 2008, but down 27% from June 2009.

The full Long Island July 09 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html

In addition to foreclosure listings, PropertyShark.com visitors can view property reports for almost every property on Long Island, run sales comparables to assess market values, and browse Long Island homes for sale including Hamptons Homes For Sale. PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

About PropertyShark: With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

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Los Angeles Foreclosures Fall 26%, Miami Foreclosures Drop 22% and New York City Decline 7% Compared to July 2008; Seattle Foreclosures Up 63% Says PropertyShark.com

New York City, NY, August 11, 2009 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New York City, Miami, Seattle and Los Angeles for July 2009.

Key Report Findings
  • New scheduled foreclosure auctions in New York City (318) decreased 7% from July 2008 (341) and were down 8% from June 2009 (344).
    • Queen’s (199) properties comprised 63% of the new foreclosures in New York City.
    • There were only 4 new scheduled foreclosure auctions in Manhattan in July 2009, 43% less than in June 2009 and 71% less than in July 2008.
  • Investors are reluctant to buy New York City* foreclosures at auction: Out of the 250 newly scheduled foreclosures in Queens, Brooklyn, and Manhattan, 75 properties were auctioned while the rest were postponed. Of the 75 successfully auctioned properties only 9 (12%) were bought by investors (independent buyers), the other 66 being repossessed by the banks.
  • In July 2009, new foreclosures in Miami (858) declined 22% from July 2008 (1,099), but increased 36% over June 2009 (633).
  • There were 325 new trustee sales scheduled in Seattle for July 2009, up 63% from July 2008 (199) and 21% lower than June 2009 (410).
  • Los Angeles had 4,421 new trustee sales scheduled in July 2009, down 26% from July 2008 (5,985), and down 17% from June 2009 (5,327).

The full July 09 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html

In addition to foreclosure listings, PropertyShark.com visitors can view property reports for almost every property on Long Island, run sales comparables to assess market values, and browse Long Island homes for sale including Hamptons Homes For Sale. PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

About PropertyShark: With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

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Suffolk County Foreclosures Jump 62% Compared to Q2 2008, While Nassau County Foreclosures Decline by 33%, Says Q2 Long Island Foreclosure Report by PropertyShark.com

East Hampton, NY, July 21, 2009 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for Q2 2009.

Key Report Findings
  • New foreclosures in Long Island decreased 20% from Q1 2009: Long Island foreclosures (757) were down 20% compared to Q1 2009 (944), and up 9% over Q2 2008 (696).
  • Nassau County new foreclosures decreased 58% from Q1 2009: Compared to Q1 2009 (626), new foreclosures in Nassau County (265) went down 58%. Since Q2 2008 (393), new foreclosures declined by 33%.
  • New Foreclosures in Suffolk County reached two-year high in Q2 2009: There were 492 new foreclosure auctions scheduled in Suffolk County during Q2 2009. This was up 62% compared to Q2 2008 (303), and up 55% from Q1 2009 (318).
  • High foreclosure rates in Bayshore, Central Islip and Brentwood: Bayshore had a rate of one in every 250 homes scheduled for auction, Central Islip had a rate of one in every 293 homes scheduled for auction, and one in every 340 homes in Brentwood was scheduled for auction.

The full Long Island Q2 09 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html

In addition to foreclosure listings, PropertyShark.com visitors can view property reports for almost every property on Long Island, run sales comparables to assess market values, and browse Long Island homes for sale including Hamptons Homes For Sale. PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

About PropertyShark: With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

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Seattle Foreclosures Rocket 105% Higher in the Second Quarter of 2009, Los Angeles Up 47% and New York City Foreclosures Up 3% from Q1 2009 Says PropertyShark.com Report

New York, July 8, 2009 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for Q2 2009.

(Note: This report covers Q2 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • New York City foreclosures (892) down 7% compared to Q2 2008 (962) and up 3% over Q1 2009(869).
  • New foreclosures in Queens (610) were up 9% from Q2 2008 and up 5% from Q1 2009.
  • Seattle foreclosures (1,235) reached record highs in Q2 2009:The 1,235 foreclosure auctions scheduled this quarter are 105% higher than in Q1 2009 (602), a 129% increase in new foreclosures since Q2 2008 (539).
  • Los Angeles foreclosures up 47% from Q1 2009 (9,263) to Q2 2009 (13,654):This is 6% lower than the level recorded in Q2 2008 (14,511), but still represented one in every 230 homes scheduled for auction.
  • Miami foreclosures (2,556) down 14% from Q1 2009Compared to Q2 2008 (2,677), new foreclosures were down 5%.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Miami Foreclosures up 13% and Seattle up 78% from April 2008 says PropertyShark.com

Miami Foreclosures up 13% and Seattle up 78% from April 2008 says PropertyShark.com Report. Los Angeles and New York City Foreclosures Down 20%

Los Angeles, CA, May 13, 2009 - PropertyShark.com, the premier real estate data site, today released its monthley report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for April 2009.

(Note: This report covers April 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • There were 341 new foreclosures in Seattle for April 2009, up 70% from March 2009 (201) and 78% higher than April 2008 (192)
  • Los Angeles had 3,622 new foreclosures in April 2009, a 4% drop from March 2009 (3,774) and 20% lower than April 2008 (4,546)
  • In April 2009, new foreclosures in Miami totaled 993, increasing 9% over March 2009 (915) and 13% over April 2008 (882)
  • New York City foreclosures (all five boroughs) saw an 18% decrease from March 2009 (320) and a 20% decrease from April 2008 (329)
  • Queens' new foreclosures (172) recorded a 23% drop from March 2009 (222) and an 11% decrease from the April 2008 numbers (193)
  • Manhattan had 8 new foreclosures in April 2009, 47% less than in April 2008 (15)

"The recent spike upwards in Seattle foreclosures is troubling," states Bill Staniford, CEO of PropertyShark.com. "Most regions we track reached their distressed property peaks in 2008 and are rebounding, while what was a stable Seattle real estate market seems to be getting worse."

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

New Jersey Foreclosures Down 10% from Q1 2008, But Up 13% Over Q4 2008

PropertyShark.com released its quarterly report covering first-time residential foreclosures in New Jersey for Q1 2009. Foreclosure auctions scheduled in New Jersey in Q1 2009 (2,293) were down 10% compared to Q1 2008 (2,560), but they have gone up 13% since Q4 2008 (2,030).

New York, NY, April 15, 2009 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in New Jersey for Q1 2009.

(Note: This report covers Q1 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • Foreclosure auctions scheduled in New Jersey in Q1 2009 (2,293) were down 10% compared to Q1 2008 (2,560), but they have gone up 13% since Q4 2008 (2,030).
  • Essex County (296) had the most New Jersey foreclosures scheduled in Q1 2009 - Essex (296), Passaic (217), Ocean (217), and Union (215) counties had the most new foreclosures in New Jersey in Q1 2009.
  • Of New Jersey cities, Newark had the most new foreclosures; Dover had the highest rate of new foreclosures - There were 133 new foreclosures in Newark, followed by Paterson with 120, and Elizabeth with 71. Dover had a rate of one home scheduled for foreclosure auction for every 170 homes, followed by Paterson with one in every 373.
  • Passaic County had the highest rate of foreclosures per household with one in every 755 homes scheduled for auction in Q1 2009 - Union County followed with one in every 866 homes scheduled for auction, and Ocean County had one foreclosure for every 924 homes.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

PropertyShark.com has also plotted the new foreclosures for the quarter on their Maps. For example:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Los Angeles Foreclosures Down 18% from Q4 2008; Seattle Foreclosures Up by 88%, Miami by 29% and New York City up by 14% Says PropertyShark.com

In the Q1 2009 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures were down 18% from Q4 2008, Miami foreclosures increased by 29%, New York City by 14%, and new scheduled foreclosures in Seattle were up 88%.

New York, NY, April 14, 2009 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for Q1 2009.

(Note: This report covers Q1 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • New foreclosures in Los Angeles dropped 18% from Q4 2008 (11,238) to Q1 2009 (9,260): This brought Los Angeles very close to the foreclosure level recorded in Q1 2008 (8,898).
  • New foreclosures in Miami (2,961) reached a two-year high in Q1 2009: This is 33% higher than Q1 2008, and a 29% increase since Q4 2008.
  • New foreclosures in New York City (869) were down 5% compared to Q1 2008 (918) and up 14% over Q4 2008 (764).
    • New foreclosures in Queens comprised 66% of foreclosures in New York City. Queen’s foreclosures were up 14% compared to Q1 2008 and up 17% from Q4 2008.
    • Brooklyn saw a significant drop in new foreclosures, declining 74% compared to Q1 2008 and down 55% from Q4 2008.
  • New foreclosures in Seattle (601) reached a two-year high in Q1 2009: This is 55% higher than Q1 2008 and 88% higher than Q4 2008.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

PropertyShark.com Adds Hampton's Residential for Sale Listings
Over 2000 Million-Dollar Homes Currently on the Market

East Hampton, NY, March 24, 2009 - PropertyShark.com today officially announced the addition of a new residential for sale section dedicated to Hampton’s homes for sale. The continually updated Hampton’s listings are free to post and view.

To browse Hampton’s homes for sale, go to: www.propertyshark.com/hamptons_homes_for_sale

“This is the first step in creating a comprehensive marketplace for buyers to find homes for sale in the Hamptons, which will in turn bring a huge increase in home buyer traffic to both the broker’s websites and more importantly, their open houses,” stated Bill Staniford, CEO of PropertyShark.com. "The addition will also leverage the hundreds of thousands of New York City investors and home buyers who currently use PropertyShark and have historically been buyers of Hampton's properties."

From the PropertyShark.com website, people can now browse thousands of homes for sale in the Hamptons, filtering for desirable Hampton’s property criteria such as “water view”, “waterfront”, and “south of the highway”. The buyers and brokers can also use the existing PropertyShark Reports and Comparables to learn the sales history of the property and estimate the current market value based on sales of similar properties in the area.

The entire North Fork and South Fork will be covered, including homes for sale in villages such as East Hampton, Southampton, Sag Harbor, Bridgehampton, Westhampton, Amagansett, and Montauk. This follows the recent launch of PropertyShark's New York City For Sale section found at www.propertyshark.com/mason/RFS

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

New Jersey Foreclosure Report Issued by PropertyShark.com for February 2009
New Jersey Foreclosures in February 2009 Drop 24% from February 2008

New Jersey Foreclosure Report Issued by PropertyShark.com for February 2009 There were 601 new foreclosures scheduled for auction in New Jersey in February 2009, which is down 23% from January 2009 (783) and down 24% compared to February 2008 (793).

Jersey City, NJ, March 23, 2009 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New Jersey for February 2009.

(Note: This report covers February 09 in aggregate. To view individual New Jersey foreclosure listings scheduled for auction this week, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • There were 601 new foreclosures scheduled for auction in New Jersey in February 2009, which is down 23% from January 2009 (783) and down 24% compared to February 2008 (793).
  • Essex, Middlesex, Ocean, and Union counties had the most new foreclosures in February 2009. Essex County (79) had the highest number of new foreclosures scheduled in February 2009.
  • Union County had the highest rate of foreclosures per household with one in every 3,002 homes scheduled for auction in February 2009. Passaic County followed with one in every 3,151 homes scheduled for auction, and Atlantic County had one in every 3,167.
  • Newark had the highest number of foreclosures, while Jackson Township had the highest foreclosure rate.
    • Newark topped the list with 37 new foreclosures, followed by Paterson with 29, and there were 24 new foreclosures in both Elizabeth and Trenton.
    • Jackson Township had the highest rate of foreclosures per household with one in every 1,090 homes scheduled for auction, followed by Plainfield with one in every 1,164.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Long Island Foreclosure Report Issued by PropertyShark.com for February 2009
Long Island Foreclosures Increase 69% Over February 2008 Says PropertyShark.com Report

New foreclosures in Long Island totaled 324 in February 2009, increasing 26% over January 2009 (257) and 69% over February 2008 (192) Says PropertyShark.com.

Hempstead, NY, March 17, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County foreclosures, Nassau County foreclosures) for February 2009.

(Note: This report covers February 09 in aggregate. To view individual Long Island foreclosure listings scheduled for auction this week, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • New foreclosures in Long Island totaled 324 in February 2009, increasing 26% over January 2009 (257) and 69% over February 2008 (192).
  • There were 220 new foreclosures in Nassau County in February 2009, which is up 26% from January 2009 (174) and 168% higher than in February 2008 (82).
  • With 104 new foreclosures in February 2009, Suffolk County saw a 25% increase over January 2009, but a 5% decrease compared to February 2008.
  • Long Island Lis Pendens filed in January 2009 (500) increased 74% over December 2008 (288), but Lis Pendens filings dropped 58% when compared to January 2008.

Nassau County Foreclosures
  • There were 220 new foreclosures in Nassau County in February 2009, which is a 26% increase over January 2009 (174) and a 168% increase over February 2008 (82).

Suffolk County Foreclosures
  • There were 104 new foreclosures in Suffolk County in February 2009, which is up 25% over January 2009, but down 5% from February 2008.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Secret History Of Properties A Click Away On Propertyshark.Com, Now With Maponics Neighborhood Boundary Data; Selects Maponics To Enhance Searching And Mapping

PropertyShark.com, a leading provider of commercial and residential real estate data and listings, has announced its choice of Maponics to provide the underlying neighborhood boundary data for advanced neighborhood level searching and mapping.

New York, NY, March 09, 2009 - PropertyShark.com, a leading provider of commercial and residential real estate data and listings, has announced its choice of Maponics to provide the underlying neighborhood boundary data for advanced neighborhood level searching and mapping.

With this enhancement, PropertyShark.com users will now be able to search and map by neighborhood in over 20 major US markets to find detailed property reports, foreclosure listings, residential properties for sale, commercial properties for sale or lease, recent sales comparables, and analyze maps.

For each property, rare neighborhood-level community information will also now be available, the type that is typically only known to longtime residents. This is in addition to hundreds of property specific details (drawn from public and proprietary sources) already at users' fingertips. Examples include: price history, ownership information, zoning, permits and violations filed on the property, liens, tax assessments, previous owners, title documents, toxic sites nearby and much more.

"Incorporating Maponics into PropertyShark allows our users to browse for sale listings, foreclosures, sales comparables, and property reports within specific and discrete neighborhoods" explains Mathew Haines, Chairman and Founder of PropertyShark.com. "We chose Maponics neighborhood data to power our real estate search in part because the coverage areas of the Maponics neighborhood boundaries do not overlap, like they do in other datasets we looked at. This means that each property belongs to one neighborhood only, which eliminates duplicate content, makes for better search results and map display, and decreases the data integration time."

"PropertyShark.com is offering tremendous value to its users," said Darrin Clement, CEO and President of Maponics. "With the addition of Maponics Neighborhood BoundariesTM, their users will now be able to drill down from large scale, major area neighborhoods, to the tiniest smaller sub-neighborhoods and find details they never believed would be publicly available."

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Maponics specializes in location-based data and information for businesses, including neighborhood, ZIP Code and carrier route boundaries. Local search, real estate, mobile, social media and marketing firms rely on Maponics to power their interactive search, mapping, and ad targeting platforms, including PropertyShark.com, HelloMetro, Citysearch, D&B, infoUSA, Dominion Enterprises (eNeighborhoods and Homes.com), Pitney Bowes/MapInfo, Zvents, Smarter Agent, Roost, CitySquares and many others. The Maponics Online Store, powered by Maponics data, is the only place USPS.com refers to for postal maps. The Company is located in Norwich, Vermont. Additional information can be found at www.maponics.com

With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Los Angeles Foreclosures Down 49 Percent from December 2008; Miami Foreclosures Increase by 58 Percent and New York City by 64 Percent Says Propertyshark.com Report

In the January 2009 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures were down 49% from December 2008, Miami foreclosures increased by 58%, New York City by 64%, and new scheduled foreclosures in Seattle spiked 300%.

New York, NY, February 11, 2009 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for January 2009.

(Note: This report covers January 09 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • New foreclosures in Los Angeles down 49% from December 2008 and down 33% from January 2008: New foreclosures in Los Angeles recorded a significant decrease in January 2009 (2,605), down 49% compared to December 2008 (5,104) and down 33% compared to January 2008 (3,881).
  • New foreclosures in Miami, up 58% from December 2008, reaching a two-year peak in January 2009: The number of new foreclosures reached a two-year peak in Miami in January 2009, with the current number (1,188) 49% higher than one year ago (795). Compared to the previous month (750), the number of new foreclosures increased by 58%.
  • New York City foreclosures up 64% from December 2008 and up 5% from January 2008: New foreclosures in New York City (all five boroughs) increased 64% from December 2008 (170) and were up 5% from January 2008 (266).
  • New foreclosures in Seattle (104) spiked 300% from December 2008: There were 104 new foreclosures in Seattle in January 2009. The current number was up 300% from December 2008, but was down 42% compared to January 2008.

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Los Angeles Foreclosures Jump 69 Percent over Q4 2007; Miami Foreclosures Increase by 18 Percent and New York City by 25 Percent Says PropertyShark.com Report

In the Fourth Quarter 2008 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures jumped 69% over Q4 2007, Miami foreclosures increased by 18%, New York City by 25% says PropertyShark.com Report, and new scheduled foreclosures in Seattle dropped 12%.

Los Angeles, California, January 12, 2009 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for the fourth quarter of 2008.

(Note: This report covers November 08 in aggregate. To view individual foreclosure listings in an area, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • Los Angeles foreclosures jump 69% over Q4 2007, but drop 29% from Q3 2008: New foreclosures in Los Angeles decreased 29% in Q4 2008 (11,232 new foreclosure auctions) compared to Q3 2008 (15,763), predominately due to the foreclosure state law that went into effect in September 2008. However, the number of new foreclosures was extremely high in December 2008, 110% higher than in October 2008, when the initial effects of the law were seen.
  • "In Los Angeles, the 110% increase in new foreclosure auctions in December over October is troubling," stated Bill Staniford, CEO of PropertyShark.com. "Typically we see a slowdown at the end of the year due to the holidays and instead we see spike upwards."

  • Miami foreclosures increase by 18% over Q4 2007, but drop 10% from Q3 2008: In Q4 2008, foreclosures in Miami continued to drop, with new foreclosures (2,290) 10% lower compared to Q3 2008, but still 18% higher compared to Q4 2007.
  • Seattle foreclosures drop 12% from Q4 2007 and 37% from Q3 2008: Seattle had 318 new scheduled foreclosure auctions in Q4 2008, down 37% from Q3 2008, and down 12% from Q4 2007.
  • New York City foreclosures up 25% over Q4 2007, but drop 32% from Q3 2008: In Q4 2008, new foreclosures in New York City dropped to the lowest level of the year. The current number (764) was down 32% from Q3 2008, but was still up 25% compared to the same quarter last year (611).
  • Foreclosures in Queens jumped 84% in comparison to Q4 2007, while other boroughs decreased: The largest decline in foreclosures occurred in the Bronx (down 53%), followed by Brooklyn (down 23%) and Manhattan (down 19%).
  • The number of investors buying properties at auction increased in Queens: Twenty-three percent (23%) of properties auctioned in Queens in Q4 2008 were bought by independent buyers, compared to only 16% sold to independent buyers in Q3 2008, with the rest going back to the lender.

"While the state foreclosure law and the winter holidays helped New York City foreclosures drop to their lowest quarterly level of the year, the fourth quarter of 2008 jumped 25% compared to the same quarter last year" stated Staniford. "Beyond foreclosures, we are also seeing the inventory of New York City property for sale rise to decade high levels."

Real estate investors can browse current foreclosure listings for the following areas:

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

Long Island Foreclosure Report Issued by PropertyShark.com for November 2008
Long Island Foreclosures Drop 37% from October 2008, But Up 37% from November 2007 Says PropertyShark.com Report

The number of new foreclosures in Long Island is 37% higher than in November 2007, however compared to October 2008, foreclosures dropped by 37%. Suffolk County foreclosures were down 9% and Nassau County foreclosures were down a large 51%.

Hempstead, NY, December 18, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for November 2008.

(Note: This report covers November 08 in aggregate. To view individual Long Island foreclosure listings scheduled for auction this week, go to www.propertyshark.com/mason/Foreclosures)

Key Report Findings
  • Long Island foreclosures down 37% from October 2008: There was a 37% decrease in Long Island foreclosures in November 2008 (196 scheduled foreclosures) from the previous month (311 scheduled foreclosures). However, compared to November 2007, foreclosures are still 37% higher.
  • Nassau County foreclosures fall by half in November 2008: There were 103 new Nassau County foreclosure auctions scheduled in November 2008, a 51% decrease from October 2008, but a 51% increase from November 2007. The total aggregate lien amount dropped over 50% from $89.2 million in October 2008, to $40 million in November 2008.
  • Suffolk County foreclosures down 9% from October 2008: Foreclosures in Suffolk County were down 9% from October 2008 yet despite the monthly decrease, the foreclosure level was still 24% higher than in November 2007.
  • Long Island lis pendens dropped 72% in October 2008: Long Island lis pendens dropped 72% in October 2008 from October 2007, down 79% in Suffolk County and down 60% in Nassau County. (Note: they track lis pendens one month behind foreclosures in order to get comprehensive data)
  • Hampton's foreclosures remain extremely rare.

"While we saw a 51% decline in first time foreclosures from October 2008, this was likely impacted by the fact that Nassau auctions are held on Tuesdays, and the presidential election this year was on a Tuesday," stated Bill Staniford, CEO PropertyShark.com

Nassau County Foreclosures
  • There were 103 new Nassau County foreclosure auctions scheduled in November 2008, a 51% decrease from October 2008, but a 51% increase from November 2007.
  • The Town of Hempstead recorded a decrease in the number of newly scheduled foreclosure auctions of 50% in November 2008 when compared to the previous month.

Suffolk County Foreclosures
  • There were 93 foreclosures in Suffolk County in November 2008, down9% from October 2008 but 24% higher than in November 2007.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

New Jersey Foreclosures Drop 20% in November 2008;
Union, Bergen, Passaic and Monmouth Counties Top the List of New NJ Foreclosures

PropertyShark.com released its monthly report covering first-time residential foreclosures in New Jersey for November 2008. New Jersey Foreclosures drop 20% in November 2008; Union, Bergen, Passaic and Monmouth counties top the list of new foreclosures. Sussex County had the highest rate of foreclosures per household.

Jersey City, NJ, December 18, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New Jersey for November 2008.

Key Report Findings
  • New Jersey Foreclosures drop 20% in November 2008: There were 626 new foreclosures in New Jersey in November 2008, down 20% compared to October 2008 (785), and down 4% compared to November 2007 (655).
  • Cities in Passaic and Union counties had the highest number of foreclosures: Passaic County and Union County each had three cities listed in the top ten for the highest number of foreclosures scheduled in New Jersey, with Paterson on top of the list, followed closely by Elizabeth.
  • Union, Bergen, Passaic and Monmouth counties top the list of new foreclosures: Despite a 5% decrease from October 2008, Union County (74) had the highest number of foreclosures scheduled in November 2008, followed closely by Bergen County (73), Passaic County (60) and Monmouth County (57). However, there were only 3 newly scheduled foreclosures in Hunterdon County, 6 in Salem County, and 10 in Somerset County from the same period.
  • Sussex County had the highest rate of foreclosures per household: Sussex County had the highest rate of foreclosures per household among the counties of New Jersey, with one in every 2,311 homes scheduled for a foreclosure auction. This is almost two-times higher than the overall rate in New Jersey.

New Jersey Overview
  • New foreclosure auctions: There were 626 new foreclosures scheduled for auction in New Jersey in November 2008, down 20% compared to October 2008 (785), and down 4% compared to November 2007 (655).
  • Overview of Cities: Passaic County and Union County each had three cities listed in the top ten for the highest number of foreclosures scheduled in New Jersey, with Paterson on top of the list, followed closely by Elizabeth. Plainfield and Linden had the highest rate of foreclosures per household, with one in every 1,618 homes scheduled for auction in Plainfield, and one in every 1,730 homes scheduled for auction in Linden.

Overview of New Jersey Counties
  • New foreclosure auctions: Despite a 5% decrease from October 2008, Union County (74) had the highest number of foreclosures scheduled in November 2008, followed by Bergen County (73), Passaic County (60) and Monmouth County (57). However, there were only 3 newly scheduled foreclosures in Hunterdon County, 6 in Salem County, and 10 in Somerset County from the same period.
  • Foreclosure rate per household: Sussex County had the highest rate of foreclosures per household with one in every 2,311 homes scheduled for auction, followed by Union County with one in every 2,647 homes scheduled for auction, and Passaic County with one in every 2,859 homes scheduled for auction.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

 

 

November 2008 Foreclosure Report Issued by PropertyShark.com

Los Angeles Foreclosures Up 51% Over November 2007; Miami Foreclosures Up 6%, Seattle Down 22%, and New York City Flat Compared to November 2007

New York, NY, December 09, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for November 2008.

Summary (Request report for details and charts):

  • Los Angeles foreclosures up 51% over November 2007: After a large drop in October 2008, foreclosures in Los Angeles were on the rise again with 3,685 new foreclosures auctions scheduled in November 2008, up 54% from October 2008 and up 51% from November 2007.
  • “With a 54% jump in Los Angeles foreclosures from October, the California foreclosure law that went into effect in September seems to only have delayed the problem by 30 days. The problem needs reconstructive surgery, not aspirin”, stated Bill Staniford, CEO of PropertyShark.com

  • Miami Foreclosures up 6%, Seattle down 22% compared to November 2007: Compared to November 2007, new scheduled foreclosure auctions increased by 6% in Miami and declined by 22% in Seattle.
  • New York City foreclosures fall to November 2007 levels: Compared to October 2008, all New York City boroughs except the Bronx (up 8%) recorded a decrease in new scheduled foreclosure auctions, bringing the city to the exact same foreclosure level as November 2007. Manhattan topped the list with a 58% decrease, followed by Brooklyn down 56%, Queens down 18% and Staten Island down 11%.
  • New York, Miami and Seattle all down from October 2008: New York City, Seattle, and Miami all showed declines in the number of new foreclosure auctions compared to October 2008. New York City was down 23%, Miami was down 21% and Seattle was down 28%. Los Angeles was up 54%.
  • "Overall, New York City foreclosures declined nicely for the second month in a row, including the trouble spots in Queens. This may be temporary though given the artificial delays in foreclosure filings due to the September New York State law", stated Bill Staniford, CEO of PropertyShark.com.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Long Island Foreclosure Report Issued by PropertyShark.com for October 2008
    Long Island Foreclosures Drop 8% from September 2008, But Up 41% from October 2007 Says PropertyShark.com

    The number of new foreclosures in Long Island is 41% higher than in October 2007, however compared to September 2008, foreclosures dropped by 8%. Suffolk foreclosures were up 23% compared to October 2007, while Nassau foreclosures recorded a 51% increase over the same time period.

    Hempstead, NY, November 18, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for October 2008.

    (Note: This report covers October 08 in aggregate. To view individual Long Island foreclosure listings scheduled for auction this week, go to www.propertyshark.com/mason/Foreclosures)

    Key Report Findings
    • Long Island foreclosures drop 8% from September 2008, but up 41% from October 2007: The number of new foreclosures in Long Island is 41% higher than in October 2007, however compared to September 2008, foreclosures dropped by 8%. Suffolk County was up 23% compared to October 2007, while Nassau County recorded a 51% increase over the same time period.
    • Uniondale, West Hempstead and Hempstead Village are Nassau County’s trouble spots: The foreclosure per household rate was very high in these villages, with one in every 500 homes scheduled for an October auction in Uniondale, one in every 602 homes scheduled for an October auction in West Hempstead, and one in every 608 homes scheduled for an October auction in Hempstead Village.
    • High foreclosure rates in the Suffolk County towns of Brookhaven and Babylon: Brookhaven and Babylon accounted for more than half of the foreclosures in Suffolk County. Within these towns, the top three villages with the highest number of foreclosures and the highest rates were Wyandanch, with one in every 347 homes scheduled for auction in October, followed by Amityville with one in every 447 homes scheduled for auction in October, and Shirley with one in every 972 homes scheduled for auction in October.
    • Long Island lis pendens drop drastically in September 2008: The number of lis pendens decreased by 66% in Suffolk County and 69% in Nassau County from August 2008 to September 2008, for a 68% overall decrease on Long Island. Compared to September 2007, lis pendens are 63% lower in Long Island. (Note: they report lis pendens one month behind foreclosure auctions so these are September numbers.)
    • Hamptons Foreclosures were extremely minimal again in October 2008.

    "Fortunately, Nassau County first time foreclosures dropped from the near term highs set in September, but the county is still up 51% over October 2007," stated Bill Staniford, CEO PropertyShark.com

    Nassau County Foreclosures
    • Compared to October 2007, Nassau County recorded a 51% increase in the number of new foreclosures in October 2008.
    • However, compared to September 2008, Nassau County saw an 18% decrease. Despite a small decrease from last month, the Town of Hempstead (151) continues to account for most of the foreclosure activity in Nassau County. The top five villages for first time foreclosures are all located in the Town of Hempstead. The foreclosure per household rate was very high in these villages, with one in every 500 homes scheduled for auction in Uniondale, one in every 602 homes scheduled for auction in West Hempstead, and one in every 608 homes scheduled for auction in Hempstead Village.

    Suffolk County Foreclosures
    • Suffolk County new foreclosure auctions increased by 20% over September 2008 and by 23% over October 2007 (83). The towns of Brookhaven and Babylon accounted for more than half of the new foreclosures in Suffolk County. Within these towns, the top villages for foreclosures per household were Wyandanch, with one in every 347 homes scheduled for auction in October, followed by Amityville, with one in every 447 homes, and Shirley, with one in every 972 homes scheduled for auction in October.

    Long Island Lis Pendens (September)
    • In September 2008, the number of lis pendens decreased 66% in Suffolk County and 69% in Nassau County from August 2008, representing a 68% overall decrease in Long Island. In comparison to September 2007, Nassau County was down 58%, and Suffolk County was down 66%. Long Island, with 339 lis pendens, recorded a 63% decrease.

    "While the 68% decrease in Long Island lis pendens may at first glance appear promising, it can be largely attributed to the recent New York state law requiring lenders to notify the homeowner 90 days before filing a lis pendens, and may have just tabled the problem until 2009," stated Mr. Staniford

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    October 2008 Foreclosure Report Issued by PropertyShark.com

    October 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

    New York, NY, November 17, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for October 2008.

    Summary (Request report for details and charts):

  • Los Angeles Foreclosures down 51% from Sept 2008, falling close to Oct 2007 levels: In October 2008, Los Angeles recorded the greatest monthly decline (51%) for first time foreclosures in the past two years, approaching levels seen in October 2007.
  • “The new California state law requiring lenders to contact homeowners before filing foreclosures has had an immediate impact. First time foreclosures dropped 51% from September 2008”, stated Ashleigh Rose Clark, Data Acquisition Manager at PropertyShark.com

  • NYC Foreclosures drop 15% from Sept 2008, but climb 50% over Oct 2007: New York City dropped by 15% overall, and every borough except Manhattan recorded a decrease in first time foreclosures compared to September 2008. The Bronx decreased the most (down 54%), followed by Staten Island (down 25%), Brooklyn (down 16%), and Queens (down 9%). Manhattan increased by 2 foreclosures over September 2008. However, NYC was up 50% compared to October 2007, predominantly due to foreclosure activity in Queens.
  • Foreclosures begin to decrease in Los Angeles trouble spots: Zip codes from Palmdale and Lancaster continue to top the list for first time foreclosures, however, significant improvements can be seen in these trouble spots. Foreclosures were down 35% in zip code 93550 (Palmdale), down 52% in 93535 (Lancaster), down 25% in 93552 (Palmdale), and down 49% in 91331 (Pacoima).
  • Foreclosures continue to grow in Miami and Seattle: Compared to September 2008, Miami was up 93% and Seattle was up 14%. Compared to October 2007, foreclosures in Miami were up 35%, while Seattle experienced a 108% increase.
  • "Overall, New York City foreclosures have remained at very low rates. Manhattan has had virtually no foreclosure activity, and even Staten Island, the borough with the highest rate per household, is 2.5 times less than the rate in Los Angeles and 3.4 times less than Miami", stated Bill Staniford, CEO of PropertyShark.com.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    PropertyShark.com Launches PropertyShark University
    Real Estate School Offers Accredited Broker Continuing Education Classes in New York

    New York, NY, October 17, 2008 - PropertyShark.com, the premier real estate data website, today announced the official launch of PropertyShark University and its website, www.propertysharkuniversity.com

    The school, accredited by the state of New York, offers a full curriculum of broker continuing education classes. The classes are also intended for real estate investors.

    “These are not the painfully boring, clockwatching type continuing education classes that brokers had to attend in the past” stated Bill Staniford, CEO PropertyShark.com. “These classes are taught by industry experts on cutting edge topics such as Short Sales, Multifamily Property Investment, and Creative Financing, and brokers are actually going to learn something that will help them get ahead of the pack and close more deals.”

    The real estate classes will be taught in the New York City metro area and cover the following topics:

  • Multifamily Property Investment
  • Distressed Properties
  • Short Sales
  • Creative Financing
  • From Contract to Closing
  • Ultimate Auction Class
  • PropertyShark.com Certification
  • 3 Day Foreclosure Bootcamp
  • Real Estate Mathematics
  • Over 500 real estate professionals and investors in New York have already attended a live class through PropertyShark University this year.

    "Sitting in those classes was like having access to some secret knowledge that everyone else guards tenaciously. All I wanted was information clearly spelled out, and they gave it to me" stated Vincent P. Cuccia, Real Estate Agent for Prudential Douglas Elliman.

    In New York, a Real Estate Salesperson must complete 22½ hours of Department of State approved continuing education classes in real estate every two years in order to renew their license.

    “While these real estate classes were initially created for broker CE credit, we have found enormous interest from all types of real estate professionals and investors” said Bill. “We saw a hole in the real estate education market for informative and interesting classes where people can actually learn something valuable. Our distressed properties classes sell out almost every time.”

    To view the list of upcoming New York real estate classes and the full curriculum, go to: www.propertysharkuniversity.com

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Long Island Foreclosure Report Issued by PropertyShark.com for Third Quarter 2008
    Long Island Foreclosures Reach Two-Year High

    Hempstead, NY, October 15, 2008 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for the third quarter of 2008.

    (Note: This report covers Q3 08 in aggregate. To view individual Long Island foreclosure listings scheduled for auction this week, go to www.propertyshark.com/mason/Foreclosures)

    Key Report Findings
    • Foreclosures in Long Island reached a two-year high in the third quarter of 2008: There were 716 new Long Island auctions scheduled in the third quarter of 2008, 37% higher than the number recorded in Q3 2007 (521).
    • In Q3 2008, Nassau County foreclosures reached the highest value in the past two-years: The number of newly scheduled auctions in Nassau County rose 25% from Q2 2008 (393), and was 44% higher than in Q3 2007 (341). This set a two-year high with 492 new foreclosures.
    • Foreclosures unevenly spread in Nassau County: There is a high discrepancy in the foreclosure rate per household among the Nassau County communities. Villages like Roosevelt, with one new foreclosure in every 119 households, and Westbury, with one new foreclosure in every 140 households, have a foreclosure rate per household that is over seven times higher than the county's average rate.
    • Investors reluctant to buy foreclosures at auction: 89.9% of the properties that went to auction in the third quarter of 2008 in Nassau County went back to the lender. Independent buyers bought only 34 of the 336 foreclosed properties that went to auction.

    "Investors are showing almost no interest in buying foreclosures at auction in Nassau County. Of the 336 houses sold at an auction in Q3 2008, 89.9% went back to a bank," stated Bill Staniford, CEO PropertyShark.com

    Nassau County Foreclosures: The number of newly scheduled auctions in Nassau County rose 25% from Q2 2008 (393), and was 44% higher than in Q3 2007 (341). This set a two-year high with 492 new foreclosures. There is a high discrepancy in the foreclosure rate per household among the Nassau County communities. Villages like Roosevelt, with one new foreclosure in every 119 households, and Westbury, with one new foreclosure in every 140 households, have a foreclosure rate per household that is over seven times higher than the county average.

    Suffolk County Foreclosures: There were 224 first time foreclosure auctions scheduled in Suffolk County during Q3 2008, down 26% from Q2 2008 (302), but up 24% from Q3 2007 (180). Brookhaven (113) had the highest number of foreclosures among the towns of Suffolk County in Q3 2008, followed by Islip (49), and Babylon (35). There were very few Hampton's Foreclosures.

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Los Angeles Foreclosures Triple; Two-Year Highs in New York City and Seattle
    Q3 Foreclosure Report Issued by PropertyShark.com

    PropertyShark.com released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for the third quarter of 2008. Los Angeles Foreclosures Triple and reach two-year highs in New York City and Seattle.

    Los Angeles, CA, October 07, 2008 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for the third quarter of 2008.

    Key Four-City Findings (Request report for details and charts):
    • Los Angeles foreclosures triple; two-year highs in New York City, Los Angeles, Seattle: All four regions studied saw a significant increase in the number of new foreclosures compared to Q3 2007. Los Angeles was on top with foreclosures escalating up 196%, Seattle up 100%, New York City foreclosures up 60% and Miami up 58%.
    • Foreclosures jump from last quarter, except in Miami: All regions, except Miami-Dade (down 5%), experienced an increase in the number of new foreclosures in Q3 2008 from Q2 2008. New York City had the highest increase (16%), followed by Los Angeles (up 9%), and Seattle (up 2%).
    • Manhattan foreclosure auctions remain virtually nonexistent: Manhattan foreclosure auctions continue to be extremely rare, with only 35 scheduled for the quarter and most of those being worked out pre-auction. The foreclosure rate per household in Manhattan is a miniscule .005% for Q3 08. Compare this to .50% in Los Angeles County or .33% in Miami.
    • Queens and Staten Island responsible for the foreclosure increase in New York City: Over the last quarter, Staten Island had a 44% increase and Queens increased by 19%. Compared to Q3 2007, the situation is worse, with Queens up 100% and Staten Island up 96%.
    • Extremely high rate of foreclosures per household in parts of Los Angeles: In Los Angeles, zip codes from Palmdale/Lancaster, as well as the San Fernando Valley District of Sylmar, continue to top the list. The foreclosure rate per household remains high in these areas with one in every 45 homes in foreclosure in 93550, and one in every 46 homes in foreclosure in 93535.

    "Incredibly, Manhattan has not been impacted by foreclosures whatsoever. Less than 20 properties even made it to auction in the last year, as almost every Manhattan property in distress was resolved in some way before the auction," stated Bill Staniford, CEO of PropertyShark.com.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter www.propertyshark.com/mason/BlogCenter/marketreports.html

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    MANHATTAN RESIDENTIAL SALES ACTIVITY SLOWS TO 5-YEAR LOW
    BUT MEDIAN PRICES JUMP 10%

    Median price hits $975K and price per square foot reaches $1,180 in third quarter report

    New York, NY, October 3, 2008 - PropertyShark.com, in collaboration with the Corcoran Group, today announce the release of the Third Quarter Corcoran Report covering Manhattan residential real estate sales, with sales data audited and supplemented by PropertyShark.com.

    In the third quarter of 2008, residential sales activity in Manhattan slowed to five-year lows and fell 34% from the same quarter of 2007. However, when properties sold, they did so at median prices 10% higher than the third quarter of 2007. Median price per square foot was up by 6% to $1180/ft.

    “The Manhattan market retains its traditional position as the blue chip market that holds its value even in the toughest economic times” stated Matthew Haines, Founder of PropertyShark.com.

    Taking out new development sales, the median sale price of Manhattan resale during the third quarter of 2008 remained flat at $850,000 compared to the same quarter last year, with median price per square foot up 6% to $1,152.

    Even with higher median prices, the inventory of Manhattan for sale listings reached eight year highs, surpassing 10,000 listings this month.

    “Sellers need to be realistic and strategic as the market shifts” stated Pamela Liebman, CEO of the Corcoran Group. “For the buyers who are serious, times like this can represent an incredible opportunity.”

    The Corcoran Report seeks to inform homeowners about the relative value of their property while also educating potential buyers about what they might spend for different property types. It segments the Manhattan market into regions (downtown, midtown west, midtown east, upper west side, Upper East Side, and uptown) by property type (coop, condo, and townhouse) and by whether it is a new development or a resale.”

    Third quarter Manhattan sales by neighborhood:

    • Upper East Side – Median sale price was down 5% for co-ops and down 4% for condos. Median price per square foot fell 4% for co-ops ($946) and rose 6% for condos ($1475)
    • Upper West Side - Median sale price was up 16% for co-ops and down 1% for condos. Median price per square foot rose 9% for co-ops ($1042) and rose 16% for condos ($1600)
    • Midtown West - Median sale price was down 10% for co-ops and up 11% for condos. Median price per square foot rose 9% for co-ops ($841) and rose 12% for condos ($1433)
    • Midtown East - Median sale price was down 10% for co-ops and up 3% for condos. Median price per square foot was flat for co-ops ($821) and up 2% for condos ($1200)
    • Downtown - Median sale price was up 2% for co-ops and down 10% for condos. Median price per square foot was up 7% for co-ops ($1054) and up 4% for condos ($1242)
    • Uptown - Median sale price was up 6% for co-ops and down 12% for condos. Median price per square foot was down 15% for co-ops ($536) and flat for condos ($662)

    An interactive map with all third quarter sales from the report can be found at: http://www.propertyshark.com/mason/Maps/?map=nyc2&basemap=quarterlysales

    "“Market signals are mixed” stated Haines. “Core Manhattan prices remain strong, but Harlem and uptown Manhattan are showing weakness. Weakening in the fringe areas is traditionally a leading indicator to trouble in the core. On the other hand, within four weeks a great deal of uncertainty will probably dissipate after the president is elected and congress has hopefully settled on a course of action with respect to a bailout.”

    PR Contact: Brian Sculy (718) 715-1758; PR@PropertyShark.com.

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, real estate investors and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

    "The Corcoran Group, a leading residential real estate brokerage company in New York City, operates 47 offices with 2,500 sales associates serving Manhattan, Brooklyn, the Hamptons, the North Fork, Shelter Island, Delray Beach and Palm Beach, Fla. The Corcoran Group, www.corcoran.com, is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.

     

     

    August 2008 Foreclosure Report Issued by PropertyShark.com

    August 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

    Los Angeles, CA, September 06, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for August 2008.

    Key Four-City Findings (Request report for details and charts):
    • New York City Foreclosures reach three-year highs; Los Angeles, Miami, Seattle all up: Foreclosures in New York City (383) reached the highest value since we started tracking foreclosures (spring of 2005), predominantly due to Queens. Los Angeles (up 159%), Miami (up 72%), and Seattle (up 27%) have seen a significant increase in new foreclosures compared to August 2007. However, all three regions saw a slight decrease compared to July 2008.
    • 73% of Queen’s foreclosure auctions were unsuccessful: From July 2007 to July 2008, 73% of Queen’s foreclosure auctions were unsuccessful and went back to the lender. Out of the 73%, almost ¾ have still not been resold and are still in the lender’s possession.
    • Los Angeles zip codes in the San Fernando Valley crack the top 5: Of the top 15 zip codes for trustee sales in Los Angeles, zip codes in the San Fernando Valley cracked the top 5, breaking the stranglehold that Lancaster and Palmdale had on the top zip codes for trustee sales.
    • Foreclosed owners in Los Angeles paid almost twice current values: Owners of Los Angeles properties facing trustee sales in August originally paid almost twice what similar properties sold for in July of this year. For example: Zip code 93535 (paid on average $303,088, now selling for average of $152,614), zip code 93534 (paid $303,733, now $153,584), zip code 91342 (paid $520,519, now $326,798), zip code 93550 (paid $329,585, now $171,837).

    "Over the last year, a staggering 73% of properties at foreclosure auctions in Queens went back to the lender, and almost 75% of those properties have still not sold on the open market,", stated Bill Staniford, CEO of PropertyShark.com.

    Los Angeles County

    • Trustee Sales: The number of new Los Angeles foreclosures dropped 18% in August 2008 compared to the previous month. Despite the monthly improvement, the number is 159% higher than in August 2007.
    • Los Angeles Trouble Spots: San Fernando Valley zip codes in Sylmar and Pacoima took the 3rd and 4th spot for new trustee sales this month, breaking the stranglehold the Antelope Valley (Palmdale/Lancaster) had on the top 5 zip codes for Los Angeles foreclosures.

    “Compared to what the average property is currently being sold for, many people facing foreclosure paid almost double the price for their homes in the same Los Angeles neighborhoods.”, stated Ashleigh Rose Clark, Data Acquisition Manager at PropertyShark.com

    Miami Dade County

    • Foreclosure Auctions: There were 994 residential foreclosure auctions scheduled in Miami-Dade County during August 2008. This is a decrease of 10% from July 2008, but 72% higher than August 2007.

    Seattle (King County)

    • In August 2008, there were 175 new residential trustee sales scheduled in Seattle (King County), a 9% decrease from July 2008 (193), but a 27% increase from August 2007.

    New York City (five boroughs)

    • New Foreclosure Auctions: Foreclosures in New York City continued to grow this month, reaching the highest value since we started to track foreclosures in the spring of 2005. The current number is 13% higher than last month (338), and 53% higher than in August 2007 (250).
    • Boroughs Overview: In obvious contrast to the other four boroughs, each experiencing a decrease, Queens stood alone recording a large increase in August 2008 compared to July 2008. The current number (254) is up 113% from August 2007, and up 43% from July 2008, setting a two-year high for Queens. All the other boroughs experienced an improvement in the number of new foreclosures compared to July 2008. Brooklyn was down 29%, Manhattan by 21%, the Bronx by 17%, and Staten Island down 9%.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    August 2008 Long Island Foreclosure Report Issued by PropertyShark.com

    New York City, September 05, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for August 2008.

    Key Findings (Request report for details and charts):
    • Long Island foreclosures in August remain higher than last year: The number of new foreclosures in Long Island was 32% higher than in August 2007. Suffolk County was up 19%, while Nassau County recorded a 41% increase over the same time period..
    • Third consecutive month of improvement: While Long Island foreclosures remain higher than August 2007, August 2008 is the third consecutive month of declines in first time foreclosures for the region.
    • The Town of Hempstead continues to show most of Nassau County’s foreclosure activity: In August 2008 the Town of Hempstead had the highest foreclosure/household rate, with one in every 2,500 houses in foreclosure, two times higher than Town of Oyster Bay and Glen Cove and four times higher than Town of North Hempstead.
    • Brookhaven accounts for more than half of new foreclosures in Suffolk County: In August 2008, Brookhaven, with 34 new foreclosures, accounted for more than half of the foreclosures in Suffolk County. Islip (16) followed and accounted for 25% of the new foreclosures.

    "Although this is the third consecutive month of declines in Long Island foreclosures, first time foreclosures are still 32% higher than a year ago," stated Bill Staniford, CEO PropertyShark.com

    Nassau County Overview

    • Foreclosure Auctions: Compared to August 2007, Nassau County recorded a 41% increase in the number of new foreclosures in August 2008. However, compared to July 2008, Nassau County saw a 3% decrease. Single family homes located predominantly in the Town of Hempstead, were the most common property type scheduled for auction in August 2008.
    • Town Overview: Despite a small decrease from last month, the Town of Hempstead (89) continues to show most of Nassau County foreclosure activity, followed by the Town of Oyster Bay (16), which recorded a 45% increase from the previous month.

    Suffolk County

    • Foreclosure Auctions: Suffolk County recorded a decrease in the number of new foreclosures form July 2008. The current number (64) is down 15% from the previous month (75), but up 19% from August 2007 (54). In August 2008, Brookhaven, with 35 new foreclosures, accounted for more than half of the foreclosures in Suffolk County. Islip (16) followed and accounted for 25% of the new foreclosures.

    The full Long Island August 2008 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Investment Property Report For The Second Quarter of 2008 Released By PropertyShark.com; Multifamily property sales decline in New York City, Los Angeles, and San Francisco



    New York City, August 26th, 2008 - PropertyShark.com, the premier real estate data website, today released its quarterly investment property report covering multifamily property sales in New York City, Los Angeles, and San Francisco for the second quarter of 2008.

    “The correction in the multifamily investment property market seems to have hit hard in Los Angeles, with median sale price and median price per square foot down 30.4% and 22.1% respectively over the same quarter last year” stated Bill Staniford, CEO of PropertyShark.com.

    Key high Level Findings:
    • Major setback in number of sales - Compared to Q2 2007, all three regions saw major setbacks in the number of sales. New York City, down 29.4%, experienced the steepest decline among the three areas. In Q2 2008, New York City saw the lowest value for closed multifamily building transactions over a two year time period, while in California the two counties saw a slight increase from Q1 2008, at which time both regions experienced two-year lows.
    • New York City prices revert back to 2006 levels - All price indicators continued their downward trend with the median sale price, down 7.7%, and the median price per square foot, down 4.7%, compared to Q2 2007. The current levels are similar to those in Q2 2006, their lowest point in the past two-years.
    • Almost half of Los Angeles transactions were distressed sales - Properties in distress (foreclosures and pre-foreclosures) represented more than 45% of all multifamily home sales in Los Angeles County, a huge jump from the 11% distressed sale rate from Q2 2007. Despite an increase from the first quarter of 2008, the number of closed transactions was down 16% from the same quarter last year and down 43% from it's peak level in Q2 2006.
    • San Francisco and Los Angeles see a substantial price decline - Both California counties saw significant price declines, well below their previous two-year record lows. Compared to the second quarter of 2007, the median sale price fell 30.4% in Los Angeles and 15.3% in San Francisco. The median sale price per unit fell 24.7% in Los Angeles, and 13.9% in San Francisco, compared to the same time period of Q2 2007..

    PropertyShark.com issues the quarterly Investment Property Report to provide real estate investors with quantitative market insight about multifamily buildings, defined as Two Family Dwellings, Three Family Dwellings, Four Family Dwellings, Five or More Family Dwellings, and Mixed Use Properties. It does not include single family homes, coop or condo units, or other commercial or industrial buildings.Full report available at: www.propertyshark.com/mason/BlogCenter/index.html

    San Francisco Multifamily Properties:

    • SF Transactions drop: The number of closed transactions in the multifamily sector was down 16.4% compared to Q2 2007.
    • Two Year Lows in San Francisco: The median price per square foot in San Francisco was $290, down 3.6% from Q1 2008, and down 11.9% from Q2 2007. The median price paid per unit was $300,000 in Q2 2008, down 5.2% from Q1 2008, and down 13.9% from Q2 2007.

    Los Angeles Multifamily Properties:

    • Transactions increase over Q1 2008: The Los Angeles multifamily market experienced three consecutive quarters of declines in the number of closed transactions until this quarter, when sales transactions increased by 32% compared to the first quarter of 2008. However, in comparison to Q2 2007, the number of sales declined by 16%.
    • Distressed multifamily properties drive sales: The rebound in the number of sales can be partially explained by dynamics in the foreclosure sector, with distressed properties in Q1 and Q2 2008, accounting for more than 45% of the total number of sales (29% trustee sales and 16% notices of default).
    • All price indicators down: Median price per square foot (down 22%), median price per unit (down 25%) and median sale price (down 30%) all decreased by a large rate compared to the same quarter last year, reaching a two-year low.

    NYC Multifamily Properties:

    • All price indicators down: Median price per square foot (down 22%), median price per unit (down 25%) and median sale price (down 30%) all decreased by a large rate compared to the same quarter last year, reaching a two-year low.
    • The number of closed sale transactions was at or near two year lows in Queens and Brooklyn for the second quarter of 2008 across 2-4 Family Buildings, 5+ Family Buildings, and Mixed Use Buildings.
    • Prices stay up in Manhattan: Although the number of transactions plunged 51.1% in comparison to Q2 2007, the median price per square foot reached a two-year high in Manhattan this quarter for deals that did get done. Sales crossed the $1000 price per square foot threshold for the first time in the two-family, three-family, and four-family building classes in Manhattan.

    “The tightened conditions for a commercial loan revealed their adverse effects on larger investments in The Bronx, manifesting in a 55% drop in five or more family building sales compared to the second quarter of 2007” stated Radu Farcas of the Comparables Product Team at PropertyShark.com.

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    July 2008 Foreclosure Report Issued by PropertyShark.com

    'We are Still in the Middle of a Housing Hurricane...'

    New York City, May 7th, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for July 2008.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosures increase in all four regions; LA and Miami reach two-year highs :Compared to July 2007, the Los Angeles foreclosure rate was on top with a 249% increase, followed by Seattle with 156%, Miami up 137%, and New York City up 67%..
    • One in every 526 LA County homes scheduled in July :In Los Angeles, one in every 526 homes was scheduled for a first time foreclosure auction in July 2008. In comparison, New York City registers one in every 10,000 homes scheduled for foreclosure auction.
    • Queens dominates New York City foreclosure activity: In July, the top New York City zip codes for foreclosure activity were in Queens (specifically Jamaica and St. Albans). Exacerbating the situation, overall residential sales transactions in these zip codes dropped by 40% in the first two quarters of 2008 compared to the first two quarters of 2007, and the median sale price dropped to $413,000 from $452,000 for this area.
    • Lien amount exceeds $2 billion for new LA County foreclosures in July This is the first month during the last two years in which the total aggregate lien amount from new LA County foreclosures has exceeded $2 billion. In Los Angeles County, the sum of the aggregate lien amounts for properties scheduled for trustee sales in July 2008 was $2,249,303,843.

    "We are still in the middle of a housing hurricane where foreclosure activity remains high, home prices have declined, and the number of sales transactions has fallen dramatically. A crisis for homeowners; a potential opportunity for investors.", stated Bill Staniford, CEO of PropertyShark.com.

    Los Angeles County

    • Trustee Sales: Los Angeles reached another two-year record this month with 5,982 new trustee sales, up 249% from the same month last year. The monthly aggregate lien amount from new properties scheduled for trustee sale this month passed the $2 billion threshold to also reach a two-year high.
    • Los Angeles Trouble Spots: On top of the list we continue to have zip codes from Palmdale and Lancaster. We are also seeing new trustee sales beginning to occur in wealthier neighborhoods such as Malibu, Santa Monica, Manhattan Beach and West Hollywood with individual liens commonly surpassing $1,000,000.

    Miami Dade County

    • Foreclosure Auctions: The number of new foreclosures has reached a two year peak in Miami this month. The current number (1,099) is 137% higher than a year ago (464). Compared to the previous month the number of new foreclosures increased by 20%.

    Seattle (King County)

    • There were 190 new foreclosure auctions scheduled in July 2008, up 34% from the 142 new foreclosures in June 2008, and up 157% compared to July 2007.

    New York City (five boroughs)

    • New Foreclosure Auctions:New York City's monthly foreclosure level remains high when compared to the last few years. The July 2008 number of 338 new auctions exceeds the July 2007 number (203) by 67%, and the July 2006 (147) number by 130%. However, New York City's foreclosure level is diminutive when compared to other cities like Los Angeles and Miami.
    • Boroughs Overview: Staten Island saw the highest monthly increase in the number of new foreclosures both compared to the previous month (86%) and to the same month last year (218%). Although July decreased by 5% from the prior month, Queens remains responsible for most of New York City's foreclosure activity, with single and two family dwellings being the most common property types scheduled for auction. Brooklyn reached a two-year high this month with 63 new auctions scheduled, while the Bronx had a surprising, but positive decrease of 19%. Compared to July 2007, Queens is up 82%, Brooklyn 26%, Bronx 16% and Manhattan 8%.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Long Island Foreclosure Report for Q2 2008 Issued by PropertyShark.com

    New York City, July 15, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County, Nassau County) for the second quarter of 2008.

    Key Findings (Request report for details and charts):
    • Long Island foreclosure number reached a one-year high in the second quarter of 2008: There were 693 new auctions scheduled in the second quarter of 2008, 40% higher than in Q2 2007.
    • Suffolk County foreclosures increased at a greater rate than Nassau County: The number of Suffolk County foreclosures were 102% higher than in the same quarter last year, while Nassau County experienced a 14% increase over the same time period.
    • Long Island’s foreclosure rate per household twice as large as New York City: The number of foreclosures per household reached 0.069% in Long Island in the second quarter of 2008, just shy of 0.072% rate in Queens and twice as big as in New York City (0.03%).
    • The Town of Hempstead had the highest rate of foreclosures per household in Long Island: One in every 833 households was scheduled for a foreclosure auction in the second quarter of 2008, double the previous quarter when only one in 1,666 households was scheduled for auction.

    "It was shocking to see that the level of foreclosures in Long Island actually exceeded the number of foreclosures in Queens, the borough with the most foreclosure activity from New York City" stated Ashleigh Rose Clark, Data Acquisition Manager at PropertyShark.com

    Nassau County Overview

    • Foreclosure Auctions: The number of newly scheduled auctions in Nassau County rose 95% from the previous quarter(201) and 14% from Q2 2007 (346), setting a one-year high with 392 new foreclosures. Single family homes were the most common property types scheduled for an auction.
    • Town Overview: The Town of Hempstead shows the most foreclosure activity with 291 new scheduled auctions in the second quarter of 2008, which represents 74% of Nassau’s total number of new foreclosures, followed distantly by the town of Oyster Bay with 52 foreclosures and the town of North Hempstead with 34 foreclosures.

    Suffolk County

    • Foreclosure Auctions: There were 301 new foreclosure auctions scheduled in Suffolk County in Q2 2008, down 9% from the previous quarter (155), but up 102% from Q2 2007 (198). Brookhaven (152) had the highest number of foreclosures among the towns of Suffolk County, despite a 9% decrease from the previous quarter, followed by Islip (56) and Huntington (32).

    The full Long Island Q2 2008 Foreclosure Report can be downloaded at www.propertyshark.com/mason/BlogCenter/marketreports.html

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Propertyshark.Com Collaborates with Corcoran To Release Manhattan Real Estate Report: Second Quarter Of 2008 Sees A 38% Decline In Residential Transactions For Manhattan; Median Sale Prices Up Slightly

    New York, NY, June 5, 2008 - PropertyShark.com, in collaboration with the Corcoran Group, today announce the release of the first Corcoran Report with sales data audited and supplemented by PropertyShark.com. The Corcoran Report covers Manhattan residential real estate sales for the second quarter of 2008.

    "There is a lot of information available about real estate sales these days, not all of which is easy to comprehend" stated Pamela Liebman, CEO of the Corcoran Group. "That's why, in order to capture the fullest and most accurate data set we could possibly obtain, we approached PropertyShark.com about becoming our collaborator in the report."

    The Corcoran Report seeks to inform homeowners about the relative value of their property while also educating potential buyers about what they might spend for different property types. It segments the Manhattan market into regions (downtown, midtown west, midtown east, upper west side, upper east side, and uptown) by property type (coop, condo, townhouse) and by whether it is a new development or a resale. The new development segmentation was added so as not to skew current re-sale prices with prices from closings of new development units that may have been in contract for 12-24 months.

    "We are confident that the combination of Corcoran's market knowledge and PropertyShark's data handling expertise will bring valuable insight to anyone considering buying or selling a home" stated Matthew Haines, Founder and Chairman of PropertyShark.com. "Part of what attracted PropertyShark to this project was Corcoran's interest in getting to the heart of the matter and simply 'telling the story like it is'."

    Key Takeaways from 2Q08 Manhattan Sales;

    • Sales Transactions: The number of residential sales transactions declined by 38% compared to the same period in 2007, with re-sale transactions showing the largest decline.
    • Median Sale Price: Median sale price rose 13% over the same quarter in 2007. Median price was down 2% for re-sale properties and up by 48% for new development units.
    • Region of Manhattan: For re-sales, the uptown Manhattan market had the largest increase in median sale price compared to the same quarter last year. Among new development sales, the upper west side showed the greatest median sale price increase compared to 2Q07.

    "There has been much discussion of the slower level of sales activity this year and, with sales off 38% from the same time a year ago, this quarter provides perhaps the starkest example yet of the caution that has overtaken the market" stated Pamela. "By contrast, prices continue to be stable in both the re-sale and new development arenas, demonstrating once again the resiliency of residential real estate value in the borough."

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, real estate investors and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Los Angeles, Miami, Seattle and NYC Foreclosures All Up 50-233 Percent over May 2007

    New York City, June 5, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for May 2008.

    Key Four-City Findings (Request report for details and charts):
    • Los Angeles foreclosures set a monthly record: New York City and Seattle foreclosures decline from last month: The number of newly scheduled trustee sales in Los Angeles County surged 17% from April 2008, setting a two-year record with 5,308 new trustee sales. New foreclosures in Miami remained flat while New York City and Seattle saw a decrease when compared to the previous month.
    • Los Angeles, Miami, Seattle and NYC foreclosures all up big over May 2007: The number of new foreclosures were up over May 2007 by 233% in Los Angeles, 73% in Miami, 68% in Seattle, and 50% in New York City.
    • The foreclosure epicenter in New York City is District 12 in Queens: District 12 in Queens (Jamaica, South Jamaica, Hollis and St. Albans) had 80 new foreclosure auctions scheduled in May 2008. Foreclosures in this Queen's community district eclipses the entire boroughs of Brooklyn (55 new auctions) and Staten Island (47) for the month.
    • Total lien amount in Los Angeles County approaches $2 billion: In Los Angeles County, the sum of the lien amounts for properties scheduled for trustee sale in May 2008 was $1,964,112,580, just shy of the $2 billion mark.

    "While most of New York City has escaped the astronomical foreclosure activity seen nationwide, some areas like the neighborhoods of Jamaica, South Jamaica, Hollis and St. Albans are in dire shape, with a foreclosure rate per household 21 times higher than the city average" stated Ashleigh Rose Clark, Data Acquisition Manager at PropertyShark.com

    Los Angeles County

    • Trustee Sales: The number of newly scheduled trustee sales in Los Angeles County surged 17% from April 2008 and 232% from May 2007, setting a two-year record with 5,308 new trustee sales. The total lien amount was just shy of $2 billion.
    • Los Angeles Trouble Spots: While zip codes in the Palmdale/Lancaster area continue to have the highest number of foreclosures, we have seen a troubling increase in foreclosures in some of the priciest zip codes of the county. The number of owners with a lien against their properties over $1 million reached 70 this month, more than double the average monthly number seen in the past 12 months.

    "The aggregate amount of all liens from Los Angeles County properties scheduled for trustee sale for the first time in May 2008 is shockingly close to $2 billion, underlying the severity of the housing crisis in this region" said Robert Sarb, Product Manager at PropertyShark.com.

    Miami Dade County

    • Foreclosure Auctions: The number of new foreclosures remained flat in May 2008 from the previous month (882), when it reached a two-year peak. Compared to May 2007, Miami-Dade County registered a 72.9% increase.

    New York City (five boroughs)

    • New Foreclosure Auctions: New York City new foreclosures (313) saw a second consecutive month of decline, down 4.86% from April 2008 (329).
    • Boroughs Overview: Queens (down 8.3%) experienced the most noticeable improvement in new foreclosure counts in May 2008 compared to the previous month. Despite this, the borough remains responsible for most of New York City's foreclosure activity, compiling 56% of all new scheduled auctions.

    Seattle (King County)

    • There were 160 new foreclosure auctions scheduled in May 2008, down 16% from the 191 in April 2008, but up by 68% compared to May 2007.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    PropertyShark.com Releases First Quarter 2008 Multifamily Investment Property Report; Transactions Plummet in New York City, Los Angeles, and San Francisco



    New York City, June 3rd, 2008 - PropertyShark.com, the premier real estate data website, today released its quarterly investment property report covering multifamily property sales in New York City, Los Angeles, and San Francisco for the first quarter of 2008.

    "The most telling market indicator for multifamily properties in New York City, Los Angles, and San Francisco is the 20-45% decrease in the number of sales compared to the same quarter last year. Transactions obviously just aren't happening like they were in 2006" stated Bill Staniford, CEO of PropertyShark.com.

    Key high Level Findings (Request report for details and charts):
    • Number of multifamily sales declined sharply compared to the first quarter of 2007 for San Francisco, New York City, and Los Angeles.
    • Median sale price drops for multifamily properties in San Francisco and Los Angeles, but stays steady in New York City
    • The median price per square foot for multifamily properties continued its downward trend compared to the first quarter of 2007 in San Francisco, New York City, and Los Angeles.

    PropertyShark.com issues the quarterly Investment Property Report to provide real estate investors with quantitative market insight about multifamily buildings, defined as Two Family Dwellings, Three Family Dwellings, Four Family Dwellings, Five or More Family Dwellings, and Mixed Use Properties. It does not include single family homes, coop or condo units, or other commercial or industrial buildings.

    San Francisco Multifamily Properties:

    • San Francisco County registered 251 sales, down 24.62% from the last quarter of 2007 and down 21.56% since Q1 2007.
    • The median sale price in San Francisco was $935,000, down 3.61% from Q4 2007, and down 14.61% from the first quarter of 2007.
    • The median price per square foot in San Francisco was $301, up 1.78% from Q4 2007, but down 10.58% since Q1 2007.

    Los Angeles Multifamily Properties:

    • Los Angeles recorded 1,525 closings in the first quarter of 2008, down 5.63% from Q4 2007 and down 31.17% from Q1 2007.
    • The median sale price in Los Angeles County for Q1 2008 was $535,000, down 10.83% from Q4 2007 and down 17.72% from Q1 2007.
    • The median price per square foot in Los Angeles was $236 for Q1 2008, down 6.79% from Q4 2007, and down 18.35% since Q1 2007.

    NYC Multifamily Properties:

    • There were 2,991 closings in New York City, down 4.59% from Q4 2007 and down 41.41% from the first quarter of 2007.
    • There were 2,991 closings in New York City, down 4.59% from Q4 2007 and down 41.41% from the first quarter of 2007.
    • The median price per square foot in New York City was $242, down 3.01% from Q4 2007, and down 5.64% from Q1 2007. Of the five boroughs, Manhattan was the only borough which made a positive gain compared to Q4 2007, up 8.63%, but was still down 6.5% when compared to Q1 2007.

    "After free falling for the first three quarters of 2007, Queen's multifamily home sales are stabilizing around the 1,000 transaction mark" said Paula Flonta, Product manager at PropertyShark.com. "However, the median sale price as well as the median price per square foot are still on the decline"

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    April 2008 Foreclosure Report Issued by PropertyShark.com

    Los Angeles, Miami, and Seattle Foreclosures Again Reach New Highs

    New York City, May 7th, 2008 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for April 2008.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosures reached new record highs in Los Angeles, Miami, and Seattle: Scheduled foreclosure auctions rocketed higher in Los Angeles by 467% compared to April 2007, while in Miami they surged by 160%, and in Seattle by 30%, to reach two-year highs in each region.
    • Los Angeles' foreclosure rate per household 13 times higher than in New York City: The foreclosure rate per household in Los Angeles was the highest among the four cities, 5 times higher than Seattle, and over 13 times higher than New York City.
    • Queens had 58% of New York City's total foreclosures: Queens continues to show the most foreclosure activity out of all the boroughs, with 58% of New York City’s total number of newly scheduled auctions.
    • In the City of Los Angeles, zip codes in Sylmar and Pacoima had the most foreclosures Within the Los Angeles City boundaries, zip codes in Sylmar (91342) and Pacoima (91331) had the highest number of foreclosures. Zip codes in Palmdale and Lancaster again had the most for the whole county.

    "When we see a month where Los Angeles, Miami, and Seattle reach record foreclosure levels, it suggests we are not through this foreclosure crisis by any means", stated Ashleigh Rose Clark, Data Acquisition Manager, PropertyShark.com

    Los Angeles County

    • Trustee Sales: The number of newly scheduled trustee sales in Los Angeles County rocketed 83% from the previous month and 467% from April 2007, setting, with 4,540 new trustee sales, a two-year record.
    • Los Angeles Trouble Spots: Within the Los Angeles City boundaries, zip codes in Sylmar (91342) and Pacoima (91331) had the highest number of foreclosures. Zip codes in Palmdale and Lancaster again had the most for the whole county.

    "While we thought Los Angeles trustees sales might finally be declining after seeing lower numbers in February and March, they jumped again to new highs in April" said Ashleigh Rose Clark, Data Acquisition Manager PropertyShark.com

    Miami Dade County

    • Foreclosure Auctions: There were 882 new foreclosure auctions scheduled in Miami-Dade County in April 2008, up 8.75% from the previous month’s number, 811, and up 160% from the April 2007 number of 339.

    New York City (five boroughs)

    • New Foreclosure Auctions: New York City foreclosures remained high, with a third consecutive month over the 300 mark.
    • Boroughs Overview: Queens continues to show the most foreclosure activity out of all the boroughs, with 58% of New York City’s total number of newly scheduled auctions.

    "This is the third consecutive month where we have seen New York City foreclosures pass the 300 mark, a level we didn’t even see in any month in 2007." stated Ashleigh Rose Clark, Data Acquisition Manager, PropertyShark.com

    Seattle (King County)

    • There were 191 new foreclosure auctions scheduled in April 2008, up 189% from the 66 in March 2008, and up by 29% from April 2007. This represents a two-year record for the number of new foreclosure auctions.

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

     

     

    The Corcoran Group Partners With PropertyShark.com


    New York City, May 5th, 2008 - Today The Corcoran Group announced its partnership with PropertyShark.com, a nationally-recognized source for residential property reports. This partnership between the two industry leaders in residential real estate sales and reporting marks the first time a brokerage firm has partnered with a research website to provide both the real estate agent and the consumer with the most up-to-date and complete information available on New York City properties. The companies will work together to provide the most current data to Corcoran’s agents, to train the agents to leverage the advantages of PropertyShark.com for their business, and to utilize their combined information in The Corcoran Report, the original statistical report on Manhattan’s residential real estate.

    "The public's thirst for more and better information on residential real estate is changing the way we work," said Corcoran CEO Pamela Liebman. "Our goal in partnering with PropertyShark.com is to further enhance Corcoran’s considerable abilities in providing up-to-the-minute information to our agents and to the consumer and to inform and educate them in the sale or purchase of a home."

    "By selecting PropertyShark.com, Corcoran brokers and agents will have access to unparalleled information on every property in New York," said Bill Staniford, CEO of PropertyShark.com. "There is no doubt in my mind this will help Corcoran's clients make the best possible decisions about buying or selling a home."

    The benefits of the partnership will be enjoyed in multiple ways. Corcoran will provide PropertyShark.com's most essential data to its New York City agents at no cost to the individual users. In addition, professionals from PropertyShark.com will give both introductory and ongoing training to Corcoran agents to familiarize them with the tools the site provides. At Corcoran's request, PropertyShark.com programmers are developing numerous enhancements to the site, including a polygonal search tool, improved list and mailing label generating capabilities, and the ability for agents to send property reports to a customer using the Corcoran branding. Finally, PropertyShark.com will supply data and analysis to Corcoran's technology and research departments to enrich The Corcoran Report's information matrix, substantially enhancing its scope and reach.

    Recognized by The New York Times, New York Magazine and The Real Deal as the city's leading real estate information website, PropertyShark.com has become an indispensible tool for consumers, investors and real estate professionals alike. PropertyShark.com's researchers scour the public record and pound the pavement to collect data on sales, foreclosures, title transfers, ownership and the history of real estate in major metropolitan areas around the country, with a particular focus on New York City. In turn, it enables real estate professionals to educate themselves about properties, to collect the most up-to-date comparables, and to market themselves and their listings to target audiences.

    The Corcoran Group, a leading residential real estate brokerage company in New York City, operates 47 offices with 2,500 sales associates serving Manhattan, Brooklyn, the Hamptons, the North Fork, Shelter Island, Delray Beach and Palm Beach, Fla. The Corcoran Group, is part of NRT LLC, the nation's largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy's company-owned real estate brokerage offices

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    PropertyShark.com Appoints Bill Staniford as New CEO: Site Usage, new Registered Users and Subscribers Surge Higher in the First Quarter of 2008

    PropertyShark.com, the premier real estate data website, today named Bill Staniford, the former Vice President of Sales, to the position of Chief Executive Officer. Site usage, new registered users and subscribers surge higher in the first quarter of 2008.

    New York City, April 29th, 2008 - PropertyShark.com, the premier real estate data website, today named Bill Staniford, the former Vice President of Sales, to the position of Chief Executive Officer.

    "Bill has a proven background as an exceptional business leader and sales professional," stated Matthew Haines, Founder and Chairman of PropertyShark.com. "Revenue and usage have tripled since Bill joined the team and it seems that our momentum is just beginning, having completed our strongest quarter ever in what is supposed to be a difficult time in the real estate industry."

    Bill joined PropertyShark.com in 2006 as the Vice President of Sales with prior experience as a Director for Kaplan, Inc., Founder and CEO of Mozaic Design and Décor, and as a U.S. Marine. Bill has a B.A. from the University of Texas and an M.B.A. from the Leeds School of Business at the University of Colorado. Bill's transition to the CEO role had been planned for a while.

    "I have a lot of experience in executive roles, whether it's starting my own business or running one for a much larger company, so this position feels like a great fit for me," said Mr. Staniford. "Interestingly, as a Marine I spent a lot of time gathering, analyzing, and disseminating information. We do the same thing here at PropertyShark.com, it's just real estate information instead of military intelligence."

    In his first moves as CEO, Bill has focused on four new business lines to complement the successful PropertyShark.com website:

    • Corporate Groups, to enable companies to purchase PropertyShark.com services for their employees
    • PropertyShark University, to educate, license and train real estate professionals through innovative continuing education classes
    • Advertising, to help real estate professionals reach out to our dynamic and expanding user base
    • Data Services, to assist real estate professionals and other data consumers find solutions in our massive real estate database.

    The core PropertyShark.com business will continue to be based on aggregating thousands of data sources to provide comprehensive Property Reports for every property in a county, Comparable Sales search to help users assess a property's market value, Foreclosure and Pre-Foreclosure Listings, Owner Phone Numbers, Interactive Maps, Mailing Lists, and Building Photos. Free basic accounts and professional subscriptions are available at www.PropertyShark.com.

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    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    PropertyShark.com Announces the Launch of a Mailing List Data Service for Real Estate Professionals

    ListBuilder lets users create highly targeted prospect lists and mailing labels.

    New York City, April 23th, 2008 - PropertyShark.com, the premier real estate data website, today announces the release of the web-based ListBuilder service for New York City real estate professionals and investors.

    Accessible from the PropertyShark.com website, ListBuilder lets users query the PropertyShark.com database for owners of properties matching very specific criteria, and then review the prospect list online, download contact information, and create mailing labels.

    “Throughout our product testing period, savvy investors, brokers, lenders and developers used ListBuilder to find truly incredible opportunities by creating lists targeted to very specific owners and properties” stated Jens Kristensen, ListBuilder Product Manager at PropertyShark.com.

    Lists can be created using any of the following criteria:

    • Location: Borough, Community District, Neighborhood, Zip Code, Block, or limited to owners within a specific building.
    • Building Class: Residential, Commercial, Mixed Use, Industrial, Vacant Lots.
    • Property Characteristics: Number of Units, Square Feet, Stories, Lot Size.

    “PropertyShark lists have given me access to a significant trove of data that is easy to access, purchase, and use for mailings”, said Todd Schiff, Associate Broker, Prudential Douglas Elliman. “I've used it to successfully reach owners and tenants of buildings and have received calls from my mailings. It is an invaluable resource I return to again and again.”

    In addition, a series of QuickLists have been created for various real estate professionals, including lists based on pre-selected criteria useful to real estate investors, commercial brokers, residential realtors, interior designers, and real estate developers.

    Some examples of QuickLists include:

    • All owners of condos purchased for over $1 million in the last 3 months,
    • Owners of office buildings between 10,000 and 100,000 of office square feet,
    • All vacant lots in Manhattan,
    • All buildings with recently filed permits for complex construction projects.

    “The List service is a fantastic way to target your audience and narrow down search criteria to your exact real estate needs” said Gregory Struck, Director of Business Development at CORE Group Marketing. “In today's extremely fast paced world of real estate, staying organized is crucial and PropertyShark provides the tools CORE Group Marketing needs to stay on top of the market."

    For investors and real estate professionals with even more customized data needs, PropertyShark.com also created the Data Services team. Whether it's a custom property list using search criteria not available in ListBuilder or a consulting project to research & analyze real estate data, PropertyShark.com data specialists can provide exactly what clients need.

    “We have vast amounts of data on PropertyShark.com, most of which can be extracted in interesting combinations”, said Bryan Owens, Director of Data Services at PropertyShark.com. “Some of the more creative requests have included custom lists based on buildings with particular zoning, air rights available, toxic sites nearby, or in areas with economic & development incentives.”

    For more information on ListBuilder or Data Services, go to www.propertyshark.com/mason/DataServices

    PR Contact: Brian Scully at 718.715.1758.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    First Quarter 2008 Foreclosure Report Released by PropertyShark.com

    Los Angeles Foreclosures up 261% over the first quarter of 2007; Miami, Seattle and New York City also increase.

    New York City, April 8th, 2008 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for the first quarter of 2008.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosure Auctions: PropertyShark.com recorded 8877 first-time Los Angeles foreclosures, 2231 in Miami-Dade County, 918 in New York City, and 385 in Seattle for the first quarter of 2008.
    • Comparison to Q1 2007: Scheduled foreclosure auctions in Los Angeles jumped 261% compared to the first quarter of 2007, while Miami increased by 126%, New York City by 66% and Seattle up 6.94%.
    • Comparison to Q4 2007: First time foreclosure auctions for the quarter reached two-year peaks in all four regions studied, with New York City (up 51%) and Los Angeles (up 34%) having the highest increases over the previous quarter. The New York City increase is largely attributed to the borough of Queens.
    • Foreclosures per Household: Of the four cities, Miami had again the highest foreclosure rate per household, 5 times higher than Seattle and 9 times higher per household than New York City.

    "Record quarterly numbers in all four of these geographically dispersed major cities indicate that there may be few MSAs unaffected by the foreclosure crisis." - Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com

    Los Angeles County

    • Trustee Sales: Los Angeles had 8877 trustee sales during the period, 34.05% higher than last quarter and 261% higher than the same quarter last year.
    • Los Angeles Trouble Spots: Zip Codes in Le Puente (91744, 88% increase), Palmdale (93550, 64% increase) and South Gate (90280, 62% increase) saw the highest increase in new trustee sales since last quarter. The top 5 zip codes were in Palmdale, Lancaster and Quartz Hill.

    "With quarterly increases over both last quarter and the same quarter of 2007, Los Angeles reached new heights for Trustee Sale activity, again concentrated in the Lancaster/Palmdale area." – Ashleigh Rose Clark, Data Acquisitions Manager, PropertyShark.com

    Miami Dade County

    • Foreclosure Auctions: There were 2231 new residential foreclosure auctions scheduled in Miami-Dade County for the first quarter of 2008, the highest quarterly number of new foreclosures in the past two years.

    New York City (five boroughs)

    • New Foreclosure Auctions: There were 918 first time foreclosures scheduled in New York City for the first quarter of 2008, a 51.7% increase in new foreclosures over the fourth quarter of 2007, and an increase of 65.7% over the first quarter of last year.
    • New York City Boroughs: First time foreclosure auctions in Queens and Staten Island reached new highs this quarter, with Staten Island up 411% and Queens up 59% over the first quarter of last year.

    "We saw massive increases in Queen’s foreclosures scheduled this quarter, 90% higher than the last quarter of 2007 and 59% higher than the same quarter last year. While Manhattan foreclosures are still almost nonexistent, Queens has single-handedly taken New York City foreclosure levels to new heights.” – Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com

    Seattle (King County)

    • Trustee Sales: The number of new foreclosure auctions saw a slight increase of 7% over the previous quarter, nonetheless reaching a quarterly two-year peak

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    February 2008 Foreclosure Report Issued by PropertyShark.com

    PropertyShark.com today released its monthly foreclosures report covering Los Angeles, Miami, Seattle and New York City for February 2008. Los Angeles Foreclosures: Up 210% over February 2007 New York City Foreclosures: Up 121% over February 2007 Miami Foreclosures: Up 96% over February 2007 Seattle Foreclosures: Up 9% over February 2007

    New York City, March 5th, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for February 2008.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosure Auctions: PropertyShark.com recorded 2527 first-time Los Angeles foreclosures, 625 in Miami-Dade County, 300 foreclosure auctions in New York City, and 144 in Seattle for February 2008.
    • Comparison to February 2007: Despite the improvements over last month, all regions had higher numbers of new foreclosures when compared to February 2007, ranging from a 9% increase in Seattle to 96% in Miami and 210% in Los Angeles. New York City saw an increase as well by 121%.
    • Comparison to January 2008: After setting monthly records in January 2008, Los Angeles (down 35%), Miami (down 21%) and Seattle (down 18%) saw significant improvements in the number of new scheduled foreclosure auctions compared to the prior month. However, New York City set another two year high with a 13% increase over the previous month.
    • Foreclosures per Household: Of the four cities, Los Angeles had the highest foreclosures rate per household, 4 times higher than Seattle and over 8 times higher than New York City.

    ""While we saw improvements compared to last month in Los Angeles, Seattle, and Miami, first time foreclosure auctions were up in all four cities when compared to the same month last year" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com.

    Los Angeles County

    • Trustee Sales: Los Angeles had 2527 trustee sales during the period, 34.6% lower than last month but 209.7% higher than February 2007.
    • Los Angeles Trouble Spots: The top five zip codes in Los Angeles for new scheduled trustee sales were again in the Lancaster, Palmdale, and Quartz Hill areas.

    Miami Dade County

    • Foreclosure Auctions: There were 625 residential foreclosure auctions scheduled in Miami-Dade County for February 2008, a decrease of 21.38% from January 2008 but 95.9% higher than February 2007.

    New York City (five boroughs)

    • New Foreclosure Auctions: There were 300 first time foreclosures scheduled in New York City for February 2008, a 12.78% increase in new foreclosures over January 2008, and an increase of 112.8% over February 2007
    • New York City Boroughs: New foreclosure auctions in Queens and Brooklyn jumped by 25% and 20% respectively compared to January 2008, with Queens reaching two year highs.

    "New York City first time foreclosures reached record monthly highs since we have been tracking them, lead by 20%+ monthly increases in Queens and Brooklyn" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com

    Seattle (King County)

    • Trustee Sales: For February 2008, there were 144 new residential trustee sales scheduled in Seattle (King County), an 18.18% decrease over January 2008 (176), but a 9.9% increase from February 2007

    Real estate investors can browse current foreclosure listings and detailed property reports for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    January 2008 Foreclosure Report Issued by PropertyShark.com

    The monthly report examines Los Angeles Foreclosures, New York City Foreclosures, Miami Foreclosures, and Seattle Foreclosures up through January 31st 2008 and going back to January 2007.

    New York City, February 5th, 2008 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for January 2008.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosure Auctions: PropertyShark.com recorded 3857 first-time Los Angeles foreclosures, 795 in Miami-Dade County, 266 foreclosure auctions in New York City, and 176 in Seattle for January 2008.
    • Comparison to January 2007: Scheduled foreclosure auctions reached two-year peaks in all four regions, with Los Angeles rocketing up by 397% compared to January 2007, Miami increasing by 220%, and Seattle by 85%.
    • Comparison to December 2007: After dipping in December 2007, the number of scheduled foreclosure auctions rose this month in all four regions (New York City, Miami, Los Angeles, and Seattle).
    • Foreclosures per Household: Of the four cities studied, this is the first time in two years that Los Angeles surpassed Miami in foreclosures per household. Los Angeles rates were about 20% higher than Miami's and 1296% higher per household than New York City's.

    "For the first time since PropertyShark.com has been tracking foreclosures, all four regions under study reached record monthly highs" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com.

    Los Angeles County

    • Trustee Sales: Los Angeles had 3857 trustee sales during the period, 90.09% higher than last month and 397% higher than January 2007.
    • Los Angeles Trouble Spots: Zip Codes in Lancaster and Palmdale topped the list, each zip code with increases in new foreclosures over last month well over 100%.

    Miami Dade County

    • Foreclosure Auctions: There were 795 residential foreclosure auctions scheduled in Miami-Dade County for January 2008, an increase of 20.27% from December 2007 and 220% higher than January 2007.

    New York City (five boroughs)

    • New Foreclosure Auctions: New York City saw a 106% increase in new foreclosures over December 2007, partially due to typical seasonality, but also increased by 24.3% over January 2007.
    • New York City Boroughs: New foreclosure auctions in Staten Island jumped by 184% after seeing a big improvement in December. New auctions in Queens rose by 150%. All other boroughs also experienced an increase in new foreclosures.

    "Queens's foreclosures were back at troubling levels for the month of January, 150% higher than December 2007 and 5.5% higher than January of 2007" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com. "More alarming increases came from Staten Island, where foreclosures were up 260% from January of 2007."

    Seattle (King County)

    • Trustee Sales: For January 2008, there were 176 new residential trustee sales scheduled in Seattle (King County), a 34.35% increase over December 2007 (131), and an 85% increase from January 2007

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Fourth Quarter 2007 Foreclosure Report Issued by PropertyShark.com

    New Highs in Los Angeles Trustee Sales and Miami Foreclosure; New York City Foreclosures up 71%

    PropertyShark.com released its Fourth Quarter 2007 Foreclosure report covering New York City Foreclosures, Los Angeles Foreclosures, Seattle Foreclosures, and Miami Foreclosures. Press may request a copy of the full report and real estate investors can browse foreclosure listings in their area at PropertyShark.com.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosure Auctions: PropertyShark.com recorded 6622 first-time trustee sales in Los Angeles, 1942 in Miami-Dade County, 605 foreclosure auctions in New York City, and 360 in Seattle for the fourth quarter of 2007.
    • Comparison to Q4 2006: Scheduled foreclosure auctions in Los Angeles, jumped 235% compared to the fourth quarter of 2006, while Miami increased by 156% and New York City by 71%. Seattle foreclosures decreased by 2.7% compared to Q4 2006.
    • Comparison to Q3 2007: Los Angeles (up 24.45%) and Miami (up 20.70%) continued their upward trend in first time foreclosures with both counties setting quarterly records compared to the prior 8 quarters. After dipping in Q3 2007, Seattle foreclosures jumped by 43.42% while New York City saw a decrease of 13.32%.
    • Foreclosures per Household: Of the four cities, Miami again had the highest foreclosure rate per household, 5 times higher than Seattle, and over 12 times higher per household than New York City.

    "Both Los Angeles and Miami again set new highs for first time foreclosures since PropertyShark.com began tracking foreclosures, with trend lines suggesting things will continue to get worse" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com.

    Los Angeles County

    • Trustee Sales: Los Angeles had 6622 trustee sales during the period, 24.45% higher than last quarter and 235% higher than the same quarter in 2006.
    • Los Angeles Trouble Spots: Zip Codes in Pomona (91766, 113% increase), Compton (90221, 100% increase) and Norwalk (90650, 70% increase) saw the highest increase in new trustee sales since last quarter. The top 5 zip codes were in Palmdale, Lancaster and Quartz Hill.

    "First time foreclosures in Los Angeles reached new highs with no end in sight. Again we see substantial foreclosure activity in the Lancaster/Palmdale area" said Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com.

    Miami Dade County

    • Foreclosure Auctions: There were 1942 residential foreclosure auctions scheduled in Miami-Dade County for Q4 2007, an increase of 20.7% from Q3 2007 and 156% higher than Q4 2006.

    New York City (five boroughs)

    • New Foreclosure Auctions: New York City saw a 13% decrease in new foreclosures over Q3 2007. However, the number is 71% higher than Q4 2006.
    • New York City Boroughs: Staten Island was the only borough that experienced an increase in new foreclosures over last quarter and also had the highest percent increase over Q4 2006 (223%).

    "First time New York City foreclosures jumped 71% in the fourth quarter of 2007 compared to the same quarter in 2006, although we did see a 13% decrease from last quarter, possibly due to the typical seasonal slowdown as government offices closed for the winter holidays" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com.

    Seattle (King County)

    • Trustee Sales: For Q4 2007, there were 360 new residential trustee sales scheduled in Seattle (King County), a 43.42% increase over Q3 2007 (251), and 2.7% decrease from Q4 2006 (370).

    Real estate investors can browse current foreclosure listings for the following areas:

    Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    November 2007 Foreclosure Report Issued by PropertyShark.com

    Increases seen in Los Angeles, New York City and Miami; Seattle Doubles

    New York City, December 15th, 2007 - PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for November 2007.

    Key Four-City Findings (Request report for details and charts):
    • Foreclosure Auctions: PropertyShark.com recorded 2436 first-time trustee sales in Los Angeles, 257 foreclosure auctions in New York City, 643 in Miami-Dade County, and 157 in Seattle for November 2007.
    • Seattle Worsens: The number of new Seattle foreclosures jumped 118% in November 2007 over October 2007, and 33% over November 2006.
    • Los Angeles Increases: The number of foreclosures rose in Los Angeles, 13.09% higher than last month and 233.7% higher than the same month in 2006.
    • Foreclosures per Household: Of the four cities, Miami had the highest foreclosure rate per household, followed closely by Los Angeles. These rates per household are about 9 times the rates in New York City.

    "The surprise this month was the doubling in the number of first time foreclosures in Seattle, an area which had recently shown consecutive monthly improvements" stated Ashleigh Rose Clark, data acquisitions manager at PropertyShark.com.

    Los Angeles County

    • Trustee Sales: Los Angeles had 2436 trustee sales during the period, 13.09% higher than last month and 233.7% higher than the same month in 2006.
    • By Zip Code: The top six zip codes for Los Angeles County foreclosures were in Lancaster and Palmdale.

    Miami Dale County

    • Foreclosure Auctions: There were 643 residential foreclosure auctions scheduled in Miami-Dade County for November 2007. The number was stable from the prior month (638), but 111.5% higher than November 2006.

    New York City (five boroughs)

    • New Foreclosure Auctions: New York City saw a 17.35% monthly increase in new residential foreclosures in November 2007 (257 foreclosures) compared to October 2007 (219 foreclosures), and a 129.46% jump over November 2006.
    • Foreclosures by Borough: Of the New York City boroughs, Staten Island had the largest percentage increase in foreclosures (48.94%) compared to the prior month, and 366.67% over November 2006. Staten Island is second to only Queens in terms of the number of first time foreclosures in November 2007.

    Seattle (King County)

    • Trustee Sales: For November 2007, there were 157 new residential trustee sales scheduled in Seattle (King County), a 118% increase over October 2007 (72), and 33% rise over November 2006 (118).

    Real estate investors can browse current foreclosure listings for the following areas:

    ### 

    With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

     

     

    Fire Threat Maps For Entire San Francisco Bay Area published by PropertyShark.com

    Extreme threat seen in Alameda County, Contra Costa, Marin, Napa and Santa Clara

    New York City, November 15th, 2007 - PropertyShark.com, the premier real estate data site, today released fire threat maps for Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano, and Sonoma. The maps show historical wildfire frequency, the location of past fires, and the potential future fire threat for every property in each county.

    "The devastating fires in Southern California last month remind us that--whether we are real estate investors, homebuyers, or business owners--assessing fire threat is an essential step in the process of evaluating real property" stated Christopher Thorne, Maps Product Manager at PropertyShark.com. "Using California state-wide published data, we have developed these San Francisco Bay Area fire threat maps to help people make better real estate decisions through awareness of the proximity of past fires, and the likelihood of future fires within their neighborhood."

    Hotspots by County:

      Alameda

      Most areas of Alameda County show a High to Extreme fire threat, particularly northwest of Newark and on the outskirts of Livermore. Fire Threat Map

      Contra Costa

      The majority of Contra Costa has a Very High fire threat, with the area surrounding Martinez having Extreme Threat. Fire Threat Map

      We also see the history of wildfires around Martinez in 1980, 1985, 2003, and 2004. Wildfire Map

      Marin

      The areas around Hamilton Air Force Base up through northwest Novato show an Extreme fire threat. Fire Threat Map

      Napa

      Napa has a High to Extreme fire threat throughout, with a corridor of Extreme threat on both sides of Highway 29 from the City of Napa through Calistoga. Fire Threat Map

      Wildfires have hit Napa frequently, particularly North of Lake Berryessa. Wild Fire Map

      San Francisco

      In San Francisco, Golden Gate Park and the Presidio have the highest areas of fire threat, with a somewhat surprising Extreme Threat level in the blocks surrounding Lombard and Van Ness. Fire Theat Map

      San Mateo

      San Mateo County predominantly has a High fire threat with a noticeable sprinkle of Extreme threat in areas between Portola Valley and Woodside as well as surrounding Half Moon Bay. Fire Threat Map

      Santa Clara

      Most of Santa Clara ranges from Very High to Extreme fire threat, with trouble spots from south of Gilroy all the way up north of Morgan Hill. Fire Threat Map

      PropertyShark.com also provides fire maps for Santa Cruz and Solano County.

       

       

      PropertyShark.com Releases 3rd Quarter Foreclosures Report

      Los Angeles Foreclosures Rocket Higher in the 3rd Quarter of 2007. Areas of Miami and New York City continue to increase; Seattle recovers by 24%.

      New York City, October 3rd, 2007 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in Los Angeles, Miami, Seattle and New York City for the July-September 2007 time period.

      Key Four-City Findings (Request full report for details and charts):

      • Foreclosure Auctions: PropertyShark.com recorded 5320 first-time trustee sales in Los Angeles, 698 foreclosure auctions in New York City, 1531 in Miami-Dade County, and 251 in Seattle for July-September 2007.
      • Major Los Angeles Increases: The number of foreclosures rose sharply in Los Angeles, 40.26% higher than last quarter and 247% higher than the same quarter in 2006. (See below for numbers)
      • Foreclosures per Household: Of the four cities, Miami had the highest foreclosure rate per household, about 116% higher than Los Angeles, and 852% higher per household than New York City.

      "Again we see record levels of foreclosures in New York City, Miami, and Los Angeles since PropertyShark.com began tracking foreclosures, with truly staggering numbers in Los Angeles this quarter," stated Ryan Slack, chief executive officer, PropertyShark.com.

      Los Angeles County

      • Trustee Sales: Los Angeles had 5320 trustee sales during the period, a 40.26% increase from the second quarter of 2007, and a 247% increase over the third quarter of 2006. Six of the top ten Los Angeles County zip codes for foreclosures were in Lancaster and Palmdale.

      Miami-Dade County

      • Foreclosure Auctions: There were 1531 residential foreclosure auctions scheduled in Miami-Dade County for the third quarter of 2007, a 19.42% increase from Q2 2007 and a 168% increase from Q3 2006. For a list of the top 20 Miami zip codes for foreclosure auctions, request the report.

      New York City

      • New Foreclosure Auctions: New York City saw an 8.55% quarterly increase in new residential foreclosures in the third quarter of 2007 (698 foreclosures) compared to the second quarter of 2007 (643 foreclosures), and a 64.24% jump over the third quarter of 2006.
      • Foreclosures by Borough: Staten Island had the largest percentage increase in foreclosures (64.81%) compared to the prior quarter, but Queens and Brooklyn again comprised the highest number of new foreclosure auctions in New York City. The number of Manhattan foreclosures remained very low

      Seattle (King County)

      • Trustee Sales: For the third quarter of 2007, there were 251 new residential trustee sales scheduled in Seattle (King County), a decrease of 24.85% from the prior quarter.

      "While a foreclosure can be an extremely difficult time for a homeowner, real estate investors often seek them out, providing an opportunity for an owner to sell at a market price before the banks close in," stated Matthew Haines, founder and chairman, PropertyShark.com. "I believe that there are a lot of deals to be made out there, but you have to have solid information to separate the good from the bad."

      Real estate investors can browse current foreclosure listings for the following areas:

      ### 

      With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

       

       

      Foreclosure Auctions Soar in Los Angeles in the second Quarter of 2007

      Miami and New York City reach near-term highs, while Seattle recovers.

      New York City, July 17, 2007 - PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in New York City, Miami, Seattle and Los Angeles for the April-June 2007 time period.

      Four-City Findings (Request report for details):

      • Foreclosure Auctions: PropertyShark.com recorded 3793 first-time trustee sales in Los Angeles, 643 foreclosure auctions in New York City, 1282 in Miami-Dade County, and 334 in Seattle for April-June 2007.
      • Major Increases: The number of foreclosures increased significantly in Los Angeles, New York City, and Miami. (See below for numbers)
      • Foreclosures per Household: Miami had 136% more properties scheduled for foreclosure per household than Los Angeles, and a 775% higher rate per household than New York City.

      Los Angeles County

      • Trustee Sales: Los Angeles had 3793 trustee sales during the period, an increase of 54.63% from the first quarter of 2007, and a 202% increase compared to the first quarter of 2006. The top 5 zip codes in Los Angeles County for trustee sales were in Lancaster and Palmdale.

      Miami-Dade County

      • Foreclosure Auctions: There were 1282 new residential foreclosures in Miami-Dade for the quarter, a 29.89% increase from Q1 2007 and a 146% increase from Q1 2006. For a list of the top 20 Miami zip codes for foreclosure auctions, request the report.

      New York City

      • New Foreclosure Auctions: There were 643 new residential foreclosures in New York City (5 boroughs), a 16.06% increase from the first quarter of 2007 (554 foreclosures), and a 19.52% increase from the second quarter of 2006.
      • Foreclosures by Borough: All New York City boroughs had a quarterly increase in the number of new residential foreclosure auctions, with large percentage increases in the Bronx (76.60%) and Staten Island (58.82%) since last quarter. However, 73% of New York City foreclosures were Queens and Brooklyn properties.

      "New York City, Miami, and Los Angeles foreclosures are at all time highs since PropertyShark.com began tracking foreclosures" stated Ryan Slack, chief executive officer, PropertyShark.com. "Typically the second quarter foreclosure numbers are lower than the first quarter due to the 'holiday effect,' but this year the numbers keep climbing".

      Seattle (King County)

      • Trustee Sales: King County had 334 new residential trustee sales in the first quarter of 2007, a 13.02% decrease from the first quarter of 2007. The top zip codes were in Federal Way and Columbia.

      Real estate investors can browse current foreclosure listings for the following areas:

      ### 

      With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

       

       

      PropertyShark.com Surpasses a Quarter Million Registered Real Estate Professional

      Real Estate Data Provider Becomes One of the Largest Information Portals for Real Estate Professionals and Investors.

      New York City, June 7th, 2007 - PropertyShark.com, the premier real estate data site, today announced passing the milestone for a quarter million registered real estate professionals and investors. Not simply just site visitors, the quarter million consists of fully registered users.

      PropertyShark.com has quickly been adopted by the entire ecosystem of real estate professionals, including real estate developers, investors, commercial brokers, residential realtors, property appraisers, mortgage brokers, lenders, REITS, property insurers, lawyers, architects, property managers and real estate acquisitions companies.

      PropertyShark.com includes residential and commercial property reports, a comparables sales search tool, foreclosure listings, photos, and specialized real estate maps, aggregating information from thousands of sources into the site. Markets include Los Angeles, New York City, Miami, Seattle, Boston, Austin, Houston, Philadelphia, San Francisco, Washington DC, and all of New York State and New Jersey.

      "While many property research sites appear to be bent on damaging the livelihoods of industry professionals, PropertyShark.com leverages information and technology to empower real estate professionals," said Ryan Slack, chief executive officer, PropertyShark.com. "We provide reports, data, and tools for the entire spectrum of real estate professionals and we continue to innovate to support the business needs of the industry."

      PropertyShark.com offers brokers point-and-click comparables reports, complimentary For Sale listings and detailed property information. For developers and investors, the site has owner information, zoning, air rights, and property valuation tools to help identify and evaluate opportunities that may not even be on the market. For appraisers, PropertyShark.com provides recent sales comparables search tools and photos. For insurers and lenders the site has property characteristics and hazard data such as earthquake information, construction type and FEMA flood maps.

      ### 

      With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

       

       

      PropertyShark.com adds "FOR LEASE" Listings

      Free for commercial brokers, building owners, and businesses to post and view office and retail spaces for lease.

      New York City, May 22, 2007 - PropertyShark.com, the premier real estate data site, today announced the addition of a ‘For Lease’ listings area on the website. The ‘For Lease’ area of PropertyShark.com launched in the five boroughs of New York City and will be added for other major cities in the coming months. Posting a listing will be complimentary for commercial brokers and owners interested in leasing retail or office space.

      "PropertyShark.com has become a thriving information exchange for all things real estate, and our users in the commercial broker segment have long asked for a For Lease area of the site, so this is a very natural addition to PropertyShark.com" said Matthew Haines, Founder of PropertyShark.com.

      To browse current listings in the new 'For Lease' section go to: For Lease

      For business owners, demographic maps showing median income, median age, population age, and rezoning initiatives will display alongside the listings to help with leasing decisions. Users will also be able to use the Notes and Favorite Property Lists features to track and organize potential office and retail spaces.

      "We have great respect for the businesses that CoStar and LoopNet have built, and we don’t intend to try to compete in their space for major lease listings in skyscrapers, but we do see a huge opportunity to aggregate the small and mid-sized commercial leases available in the market", said Ryan Slack, chief executive officer of PropertyShark.com.

      To provide more insight into the leasing market, PropertyShark.com has simultaneously launched a map displaying retail leasing rates along commercial corridors in Brooklyn, based on data provided by leading realty services firm Massey Knakal. To view the map, go to: Map

      "The data shown in our Brooklyn retail corridor map is compiled from data provided by our territory experts", said Timothy D. King, Senior Partner of Massey Knakal Realty Services of Brooklyn. "We have compiled this data over the past several years and have noticed a steady increase in rents in the established retail corridors as well as the emergence of new, vibrant neighborhood districts."

      Beyond the 'For Lease' section, PropertyShark.com provides real state professionals and savvy investors with comprehensive residential and commercial property reports for every property in each county, a comparable sales tool, foreclosure and pre-foreclosure listings, maps, building photos and 'For Sale' listings. Markets include Los Angeles, New York City, Miami, Seattle, Boston, Austin, Houston, Philadelphia, San Francisco, Washington DC, and all of New York State and New Jersey.

      ### 

      With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

       

       

      PropertyShark.com launches 9 New San Francisco Bay Area Counties

      Real Estate Data Provider adds Alameda, Contra Costa, Santa Clara, San Mateo, Napa, Marin, Solano, Santa Cruz, & Sonoma.

      New York, April 25, 2007 - PropertyShark.com, the premier real estate data site, announces the launch of 9 new San Francisco Bay Area Counties including Alameda, Contra Costa, Santa Clara, San Mateo, Napa, Marin, Solano, Santa Cruz, & Sonoma. Real estate professionals, investors, and savvy homebuyers will now have easy web-based access to unprecedented levels of property data for every residential and commercial property in the counties.

      The website includes detailed property reports, a comparables sales search tool, foreclosure listings, and specialized real estate maps.

      Property Reports: Detailed property reports cover every property in the county, commercial and residential, whether listed for sale or not, and include the owner's name, last sale price and date with buyer and seller's names, property tax information, property details, neighborhood price history, neighborhood demographics, automatic valuation, title documents, and more.

      Comparables: The Comparables tool lets you search for recent sales of similar properties based on multiple criteria to estimate the market value of your target property. Filter by zip code, radius, property type, square footage, sales date and more, for both residential and commercial properties.

      Maps: These county maps include property outlines, color coded layers for year built, sale date, land use, median income, population density, and even wealthy single men/women availability!

      Foreclosures: Current and comprehensive foreclosure listings (Trustee Sales) are available for Alameda, Contra Costa, San Mateo , Santa Clara, Santa Cruz, Solano, Sonoma and San Francisco. They are currently free to browse.

      To look up a property in any county, go to:

      "We have noticed a trend where not just real estate professionals, but savvy homebuyers as well, demand access to detailed property information and sales comparables before making real estate decisions." said Ryan Slack, chief executive officer, PropertyShark.com. "Our expanded Bay Area coverage provides real state professionals, investors, and homebuyers with essential tools and data to evaluate investment opportunities. The days of buying property with little to no information are over."

      ### 

      With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

       

       

      Foreclosure Auctions increase substantially in Los Angeles, Miami, and New York City in the First quarter of 2007; Seattle Stabalizes.

      New York, April 11, 2007 - PropertyShark.com, the premier real estate data site, announces its quarterly report covering first-time residential foreclosures in New York City, Miami, Seattle and Los Angeles for the January-March 2007 time period.

      Four-City Findings (Request report for details):

      • Foreclosure Auctions: PropertyShark.com recorded 2453 first-time trustee sales in Los Angeles, 554 foreclosure auctions in New York City, 987 in Miami-Dade County, and 382 in Seattle for January-March 2007.
      • Foreclosures per Household: Miami had 692% more properties scheduled for foreclosure per household during the quarter than New York City, 236% more per household than Seattle, and 162% more per household than Los Angeles.

      New York City

      • New Foreclosure Auctions: There were 554 new residential foreclosures in New York City (5 boroughs), a 56.5% increase from the fourth quarter of 2007 (354 foreclosures).
      • Foreclosure Auctions by Borough: Of the boroughs, Queens had the highest number of foreclosures in Q1 2007 (319, a 91% quarterly increase). Sixteen of the top-20 zip codes for foreclosures were in Queens. Manhattan again had very few foreclosures (25) for the quarter.

      "The number of new foreclosure auctions in New York City returned to levels seen last year at this time and follows the typical seasonal up-tick after the last quarter of a year. However, the foreclosure levels in Queens are worrisome" stated Ryan Slack, chief executive officer, PropertyShark.com.

      Los Angeles County

      • Trustee Sales: Los Angeles had 2453 trustee sales during the period, an increase of 24.14% from the fourth quarter of 2007. The top 3 zip codes in Los Angeles County for trustee sales were in Lancaster and Palmdale.

      Seattle (King County)

      • Trustee Sales: King County had 382 new foreclosures in the first quarter of 2007, an increase of 3.24% from the fourth quarter of 2007. The top zip codes were 98178 and 98042.

      Miami-Dade County

      • Foreclosure Auctions: There were 987 new residential foreclosures in Miami-Dade for the quarter, a 30.56% increase from Q4 2006. For a list of the top 20 Miami zip codes for foreclosure auctions, request the report.

      Real estate investors can browse current foreclosure listings for the following areas:

      ### 

      With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

       

       

      Foreclosure Auctions increase substantially in Miami, Los Angeles and Seattle in the Fourth quarter of 2006; New York Foreclosures Decrease.

      New York, February 22, 2007 - PropertyShark.com, the premier real estate data site, announces its quarterly report covering first-time residential foreclosures in New York City, Miami, Seattle and Los Angeles for the October-December 2006 time period.

      Four-City Findings (Request report for details):

      • Foreclosure Auctions: PropertyShark.com recorded 1976 first-time trustee sales in Los Angeles, 354 foreclosure auctions in New York City, 756 in Miami-Dade County, and 370 in Seattle for October-December 2006.
      • Foreclosures per Household: Miami had 870% more properties scheduled for foreclosure per household during the quarter than New York City, 179% more per household than Seattle, and 86% more per household than Los Angeles.

      New York City:

      • New Foreclosure Auctions: There were 354 new residential foreclosures in New York City (5 boroughs), an overall decrease (-16.7%) from the third quarter of 2006 (425 foreclosures).
      • Foreclosure Auctions by Borough: Staten Island had the highest foreclosure rate per household in Q4 2006, 250% higher than Brooklyn and seven times the rate per household in Manhattan. Sixteen of the top-20 zip codes for foreclosures were in Queens and Brooklyn.

      "The biggest surprise to us was in Brooklyn, with new foreclosure auctions down 34% from last quarter and at two-year lows," stated Ryan Slack, chief executive officer, PropertyShark.com.

      Los Angeles County

      • Trustee Sales: Los Angeles had 1976 trustee sales during the period, an increase of 28.90% from the third quarter of 2006. The majority occurred in the Lancaster/Palmdale area and in South Central Los Angeles.

        Seattle (King County)

        • Trustee Sales: King County had 370 new foreclosures in the fourth quarter of 2006, an increase of 26.28% from the third quarter of 2006. The top zip code was in the Auburn/Federal Way area.

        Miami-Dade County

        • Foreclosure Auctions: There were 756 new residential foreclosures in Miami-Dade for the quarter, a 32.17% increase from Q3 2006. The majority of Miami-Dade foreclosures occurred in the Hialeah area.

        Real estate investors can browse current foreclosure listings for the following areas:

        ### 

        With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

         

         

        PropertyShark.com Announces Nationwide Maps To Find Wealthy Singles



        New York, Jan. 9, 2007 - PropertyShark.com, the premier real estate data site, announces 'Singles' maps that highlight pockets of rich, single men and women in major cities throughout the United States, including New York City, Los Angeles, Miami, San Francisco, Boston, Ft. Lauderdale, Palm Beach and Seattle.

        The 'mash-up maps' display neighborhoods that are color-coded based on the average income and availability of single men and women in an area. So for example, women looking for high percentages of single men with incomes over $100,000 might try the Upper West Side of Manhattan or the area between Pacific Palisades and Malibu in Los Angeles. To find wealthy single women, the Madison Park area of Seattle and Miami Beach look promising.

        "While the rich singles maps are obviously helpful to identify a dating pool of successful and available singles by neighborhood, these maps collectively are also very useful to anyone looking to develop new real estate projects, open a store, hire employees, or do business in neighborhoods with substantial buying power," said Matthew Haines, founder of PropertyShark.com.

        "Using PropertyShark.com, a single woman could quickly locate a neighborhood with an abundance of wealthy single men, one which also has low crime, good schools, and appreciating home prices, making her next move an informed decision rather than a random one" said Ryan Slack, chief executive officer, PropertyShark.com. "The map was initially created as a 'gift' for our publicist, Kelly Kreth, a single woman living in Manhattan. Once she saw it she realized its huge potential to help other singles throughout the country and we rolled them out nationwide."

        "While the idea started out almost as a joke, when my client, PropertyShark.com, presented it to me, I realized its value for other singles. I actually did meet a man from an area highlighted on the map as having an abundance of rich, single men, and while the relationship did not work out, the map helped me find an area of my neighborhood that would have suitable men to date," says Kelly Kreth, president, Kreth Communications, publicist to PropertyShark.com.

        For real estate professionals and investors, PropertyShark.com offers other maps with zoning, foreclosures, price per square foot, air rights, nearby toxic sites, construction permits filed, and more. The site also provides extensive reports for every property, including building details, ownership information, police reports, school district info, recent sales prices, photos, property values and comparable sales, as well as 'for sale' and foreclosure listings.

        ### 

        With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

         

         

        Foreclosure Auctions Increase in Los Angeles and miami in Third Quarter of 2006; Pre-Foreclosures Jump in New York City



        New York City, November 29, 2006 - PropertyShark.com, the premier real estate data site, issued its quarterly new residential foreclosure report covering New York City, Miami, and Los Angeles for the July-September 2006 time period. To see actual foreclosure listings in each area, visit: http://www.propertyshark.com/mason/Foreclosures/

        Four-City Findings (Request full report for details):

        • Number of New Foreclosure Auctions: PropertyShark.com recorded 1533 trustee sales in Los Angeles, 425 foreclosure auctions in New York City, 572 in Miami-Dade County, and 293 in Seattle (King County) for July-September 2006.
        • Foreclosure Auctions per Household: On a per household basis, Miami had a concerning 523% more properties scheduled for foreclosure per household during the quarter than New York City, 179% more per household than Seattle, and 150% more per household than Los Angeles.

        New York City:

        • Number of New Foreclosure Auctions: There were 425 new residential foreclosures in New York City (5 boroughs), an overall decrease (-21%) in new foreclosures in the current quarter from the second quarter of 2006 (538 foreclosures).
        • Foreclosure Auctions per Household: Of the five boroughs, Staten Island had the highest rate of foreclosure auctions per household in Q3 2006, about twice the rate of Brooklyn and over 10 times the rate of Manhattan.
        • Average Lien Amounts: Manhattan had the highest average lien per property in foreclosure at $330,728. The Bronx had the lowest average lien at $226,995.
        • Foreclosure Auctions by Neighborhood: In NYC, 17 of the top 20 zip codes for foreclosures were in Queens and Brooklyn.
        • Lis Pendens (Pre-Foreclosures): The number of residential pre-foreclosures in NYC for the quarter (1468) dropped 10.92% from the second quarter of 2006 (1648), but increased 20.33% from the third quarter of 2005 (1220).

        "The decrease in new foreclosure auctions in New York City since the second quarter of 2006 is definitely counter to popular perception of the housing market, but foreclosures are just one factor in determining the economic state of real estate", stated Ryan Slack, chief executive officer of PropertyShark.com "Comparing NYC Lis Pendens in Q3 2005 and Q3 2006, we see an increase in defaults across all boroughs; this may be indicative of a future increase in foreclosure rates City-wide".

        Los Angeles County

        • Number of Trustee Sales: Los Angeles had 1533 trustee sales during the period, an increase of 22.15% from the second quarter of 2006.
        • Trustee Sales by Neighborhood: The majority of Los Angeles trustee sales occurred in the Lancaster/Palmdale area and in South Central Los Angeles.

        "The 22% increase in Los Angeles trustee sales is important because California, a trustee state with an expedited foreclosure process, tends to foreshadow future trends in other states such as New York, which has a lengthy foreclosure court process" said Ryan Slack, chief executive officer of PropertyShark.com.

        Seattle (King County)

        • Number of Trustee Sales: King County had 293 new foreclosures in the third quarter of 2006.
        • Trustee Sales by Neighborhood: The majority of King County foreclosures occurred in the Auburn/Federal Way areas.

        Key Miami-Dade County Findings

        • Number of New Foreclosure Auctions: There were 572 new residential foreclosures in Miami-Dade for the quarter, an 8.92% increase from Q2 2006.
        • Foreclosures by Neighborhood: The majority of Miami-Dade foreclosures occurred in the Hialeah area. (Request report for top 20 zip codes).

        ### 

        With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

         

         

        PropertyShark.com Launches Maps and Foreclosure Listings for San Francisco

        Real Estate Data Provider Rounds Out San Francisco Offering with New Neighborhood Maps and Foreclosure Listings

        New York City, November 16, 2006 - PropertyShark.com, the premier real estate investment data site, announces the addition of maps and foreclosure listings (trustee sales) to round out its offering in San Francisco. Now, in addition to the comparable sales tool and the detailed property reports for almost every residential and commercial property in SF, PropertyShark.com has maps for Land Use, Median Population Age, Population Density, Median Household Income, and Property Outlines. Additionally, current foreclosure listings have been added for the San Francisco area.

        View any of the San Francisco Maps

        To browse the Foreclosures in San Francisco go to: San Francisco Foreclosure Listings

        "The addition of maps and foreclosure listings help to round out our San Francisco offering and provide real state professionals, investors, and savvy homebuyers with new tools and data to evaluate neighborhoods and investment opportunities." said Ryan Slack, chief executive officer, PropertyShark.com.

        In addition to the new maps, PropertyShark.com offers detailed property reports for almost every residential and commercial building in San Francisco and a comparable sales tool to help users determine market value of a SF property based on a wide variety of assorted criteria. Detailed property reports include building details (size, year built, construction type, etc.), owner's name, last sale price with buyer and seller's names, demographic info on the neighborhood, tax assessment data, zoning, automated valuation models, and recent permits filed. The Comparables tool allows users to enter in sales price range, sales date range, building type, building size, year built, construction type, and zip code, in order to find the market value of a specific property.

        ### 

        With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

         

         

        PropertyShark.com Announces It Now Has Sales Price Data For CO-OPS

        Easy-to-use PropertyShark.com website allows simplified searches for New York City co-op sales prices

        New York City, August 3, 2006 - PropertyShark.com, the premier real estate investment data site, announces that by end of day today it will have incorporated New York City co-op data into its award winning website.

        For the first time ever, NYC co-op sales prices going back to January 2004 will now be made public on the easy to search PropertyShark.com website. Prior to the recent legislation making co-op sales data public information, brokers, agents, appraisers, investors, and most importantly, homebuyers, had no way to compare sale prices of co-ops and determine a co-op’s fair market value.

        "No other site will be carrying this information immediately, and we have made the data accessible from the easy-to-use PropertyShark.com web interface. By end of day today we should have most of the data online, and going forward, we will automatically incorporate all available New York City co-op data into our site on a daily basis," explains Ryan Slack, chief executive officer, PropertyShark.com.

        In addition to co-op sales prices and ownership information, PropertyShark.com provides brokers and homebuyers with other critical data important when evaluating co-ops, including school district information, neighborhood police reports, building photos, interactive maps, number of units in the building, year built, and much more, with room count and square footage information coming soon. With a wealth of co-op information now available at their fingertips, brokers and agents could also use PropertyShark.com to canvass co-op owners to list and sell their units.

        "Until now, the Manhattan residential market has been both the largest and yet the most opaque housing market in the country. This will radically change the way people evaluate the co-op market, bringing transparency to what was a veiled marketplace," says Slack. "No longer will homebuyers and independent brokers have to rely on the top three brokerages for co-op comparables."

        To see listings of recent co-op sales by neighborhood, go to: New York City co-op comparable sales

        ### 

        With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

         

         

        PropertyShark.com Announces Hire Of Vice President Of Sales and Vice President of Marketing

        New York City, June 14, 2006 - PropertyShark.com, the premier real estate investment data site, announces the addition of key players to its management team during the first half of 2006, Bill Staniford as Vice President of Sales, and Brian Scully as Vice President of Marketing.

        "Expansion of the PropertyShark.com management team is an important milestone in our rapid growth. Bill Staniford and Brian Scully bring extensive sales and marketing experience to bear on the task of increasing awareness of the most in-depth real estate investment data and tools in the marketplace. We are delighted to have Brian and Bill as part of PropertyShark.com team," says Ryan Slack, chief executive officer, PropertyShark.com.

        Brian Scully joins PropertyShark.com as Vice President of Marketing, bringing over ten years of experience successfully growing new software, technology, and digital media companies. From marketing strategy to lead generation to branding, he effectively created market demand for new and innovative products. In his last position, Brian headed end-to-end marketing for UMT, supporting the launch and commercialization of UMT's enterprise software solution by driving leads and new business while positioning the company and the product as leaders in the space. His efforts helped lead to the successful sale of UMT to Microsoft in 2006.

        Brian has a B.A. from UCLA and an M.B.A. from the Stanford Graduate School of Business.

        "I was drawn to PropertyShark.com because its breakthrough service finally provides people with the information transparency essential to evaluate real estate and make informed decisions. The extensive real estate data, maps, and photos being aggregated on PropertyShark.com from disparate government and business silos is astounding, and will lead to a new era where no property transaction is made without deeper analysis. I want to help make this critical information easily accessible to everyone involved with real estate at a fair and affordable price," comments Brian Scully, vice president of marketing, PropertyShark.com

        Bill Staniford joins PropertyShark.com as Vice President of Sales with extensive sales experience in top-level positions, including selling to homeowners and businesses for redecoration and renovation projects in the home improvement industry. He also has sales experience in the education industry and has over nine years of general management experience. As Vice President of Sales his responsibilities will include creating and managing both an in-house and an outside sales force.

        Bill has a B.A. from the University of Texas and an M.B.A. from the Leeds School of Business at the University of Colorado.

        "I was attracted to PropertyShark.com for two reasons: As a businessman, I feel that PropertyShark.com has unlimited potential and a distinct competitive advantage over our competitors. As a salesman, I feel that our product is a must-have for anyone even remotely interested in real estate let alone the professionals. Even if you are just buying a house, the information that we provide is invaluable. Furthermore, I believe that my experience will enable me to educate and manage an aggressive results-driven national sales force for PropertyShark.com," says Bill Staniford, vice president of sales, PropertyShark.com.

        ### 

        With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

         

         

        PropertyShark.com Integrates Maps And Data With Leading Proprietary Real Estate Platform

        -Enables Interactive Maps on Halstead Site-
        -Launches Property Data on RealPlus (R.O.L.E.X.)-
        -Integrates Sales Data with Massey Knakal’s CRM tool–
        -Partners with Sales Team Live to Offer Pre-foreclosure Data to Savvy Investors-

        New York City, May 10, 2006 - PropertyShark.com, a data analytical tool for property search has announced today they now have made automated property data and interactive maps feeds available to top NYC-area real estate firms.

        "We have enabled integration of our state-of-the-art interactive maps directly into the Halstead Property website," says Ryan Slack, chief executive officer, PropertyShark.com.

        "Now Halstead.com visitors can view detailed neighborhood maps with customized New York City property data. Our Property Shark.com partnership provides tools our customers want with the service they expect from Halstead Property," explains Jim Cahill, executive vice president, Halstead Property.

        "Further, PropertyShark.com created a web data service which enables brokers, software vendors, and service providers to pipe PropertyShark.com data automatically into their applications," elaborates Slack. "RealPlus, Massey Knakal, and Sales Team Live are three prominent examples of the power of combining proprietary software with our data."

        "By integrating a link to PropertyShark.com into RealPlus, the 240+ firms that use RealPlus can now obtain high quality building information and reports directly from PropertyShark.com by simply clicking on an icon within our application. This powerful tool gives the brokers easy access to much needed information so they can better service their customers," says Eric Gordon, managing director, RealPlus LLC.

        "Massey Knakal has decided to integrate with PropertyShark.com to provide our professionals the most up-to-date sales data to augment our in-house proprietary database of property and owner information." explains Timothy D. King, chief operating officer, Massey Knakal Realty Services.

        "Data is king in this business – if you don’t have accurate, up-to-date information, it is very difficult to succeed," says Ali Nazar, vice president of product management, Sales Team Live. "We work with only the best data providers around the country to ensure that our users, who employ sophisticated marketing and sales strategies using SalesTeamLive’s Real Estate Console, get the best returns on their marketing dollar. PropertyShark.com is hands down the best provider to work with in the New York metro area."

        # # #

        SalesTeamLive offers proven marketing materials, tools, websites, phone systems and training as a complete business solution for automating the business of real estate investment. SalesTeamLive is
        for serious real estate investors who believe that marketing is critical in driving a high 6-7 figure a year business.

        Halstead Property, LLC, is one of New York City’s most visible, largest, and fastest-growing residential real estate brokerage firms. Founded in 1984 and owned by Terra Holdings, Halstead’s services include Residential Sales, Property Management, Relocation and Development Marketing. Headquartered at 770 Lexington Avenue, the firm also has eight prime retail office locations in Manhattan, Brooklyn and Riverdale. Additional Halstead Property offices include prime locations in the second home market of Hudson Valley. Halstead Property was one of the first real estate brokerages to make buying and selling property more efficient through the aggressive use of technology and the first in New York to bring real estate sales out of Midtown office buildings and into prime boutique retail storefronts. The firm has more than 500 sales and rental agents throughout New York. In addition, through its property management division, Halstead Property manages over 7,000 residential units within 77 buildings.

        Since 1984, RealPlus LLC has been designing and maintaining Brokerage Listing Systems for the Manhattan Residential Real Estate community. Currently, over 240 firms use our application which represents approximately 75% of the industry. For more information:

        Massey Knakal Realty Services is a full service property sales company specializing in the sale of investment and user properties. It was founded in 1988 by Paul J. Massey, Jr. and Robert A. Knakal, two former Coldwell Banker Commercial executives. The firm has building coverage in Manhattan, Queens, Brooklyn, the Bronx/Northern Manhattan, Staten Island and both Westchester and Nassau Counties. Massey Knakal operates on a territory system, in which each professional is assigned a specific number of blocks in order to know all variables of their submarket including who's buying, who's selling, what sales prices have been, what factors are effecting value and how transactions are being structured. Although the majority of Massey Knakal sales are of properties under $20,000,000, the firm has sold properties as large as 850,000 square feet and for as much as $180,000,000.

         

         

        PropertyShark.com and Toxics Targeting Partner To Provide New Environmental Information

        Free Internet Toxic Site Map Posted for New York's Five Boroughs. 12,000 Dumps, Leaking Tanks and Pollution Discharges Identified for Prospective Property Buyers



        New York City, March 1, 2006 - PropertyShark.com and Toxics Targeting today posted a detailed Internet map that illustrates more than 12,000 toxic dumps, leaking tanks and pollution discharges throughout New York's five boroughs. Real estate buyers can screen individual parcels for selected toxic sites that can reduce property value, impose clean up liability, or restrict property use. View map at: http://www.propertyshark.com/maps/?map=nyc2&basemap=toxicsites

        Ryan Slack, PropertyShark.com's chief executive officer, said "Purchasers of contaminated property can be held liable for costly clean ups so they should always conduct due diligence for environmental hazards. Prospective real estate investors will find this easy-to-use toxic site map invaluable.

        Toxics Targeting used the City's tax parcel map to locate toxic sites reported by local, state, and federal authorities. "This is the most detailed toxic site map ever made publicly available for New York City," said Walter Hang, Toxics Targeting's president. "Real estate investors can zoom in on individual parcels to see selected toxic sites," Hang noted.

        Toxics Targeting provides a report service that maps and profiles up to 19 toxic site categories on or around any specific address. Prospective buyers can use the reports to conduct property due diligence or Phase I environmental site assessments required by mortgage lenders. Call 800-2-TOXICS (800-286-9427 NYS only) or 607-273-3391 for more info.

        # # #

        Toxics Targeting specializes in mapping and profiling nearly 1.0 million toxic sites across New York State and New Jersey. It provides environmental database reports to property buyers, engineers, consultants, attorneys, drinking water suppliers, and municipalities.

         

         

        PropertyShark.com and Trulia Form A Strategic Partnership

        PropertyShark provides data for Trulia's Recent NYC Launch

        New York City, February 15, 2006 - PropertyShark.com, a leading data analytical tool for property search and Trulia, a real estate listings metasearch service based in San Francisco, announced their partnership today.

        "We have a bilateral cross linking relationship which allows Trulia to enhance its search results with PropertyShark data, helping to make it a better service for home researchers. In return, we use Trulia search results in PropertyShark reports, giving our users a good sense of what nearby properties are for sale. We also jointly promote each other," comments chief executive officer of PropertyShark.com, Ryan Slack.

        Trulia's co-founder, Pete Flint adds, "The Internet real estate researcher is hungry for the most comprehensive and accurate information. With this integrated partnership, we can offer consumers a more informed search experience while supporting the sales process for brokers and agents."

        PropertyShark founder, Matthew Haines, further explains, "As the real-estate data market heats up, with lavishly-funded start-ups like Zillow joining the fray, it is essential that focused players like Trulia and PropertyShark partner to provide consumers and professionals with a soup-to-nuts offering of sales, leads, and property data and tools."

        The two companies have already partnered in Los Angeles and New York City markets and plan to tackle other key cities in coming months.

        About Trulia
        Trulia has revolutionized the search for residential real estate by offering a comprehensive source of information that does not require any software installation, download, or registration. By partnering with real estate brokers, Trulia helps consumers to find the most comprehensive and up-to-date information about individual homes for sale in addition to extensive information about neighborhoods and market trends. Based in San Francisco, Trulia was founded by two Stanford graduate students who believed that they could deliver a superior real estate search experience that met the needs of consumers and the real estate brokerage industry.

         

         

        PropertyShark.com Plots Home Sales-Prices On Maps To Empower Brokers

        Service goes live as beta site in Los Angeles, New York, Seattle, Miami, and other cities across the nation

        New York City, February 7, 2006 - PropertyShark.com announces its home sale-price maps to empower appraisers and real estate professionals to effectively serve home buyers and sellers.

        Launched as a beta, an example of this map for New York City can be seen here: http://www.propertyshark.com/maps/sales/

        "We've decided to launch this on the eve of the launch of residential home valuation tool Zillow because, in my opinion, computer-based automated valuations, such as those you will likely see at Zillow, are more likely to be wrong than right. Every property is an illiquid, unique asset, and a computer program cannot accurately predict the price it will fetch on the market," commented PropertyShark.com founder, Matthew Haines.

        PropertyShark.com, which is designed primarily for use by appraisers and real estate professionals, provides users with the original data directly from government records, including sales price, mortgage amounts, document images, and ownership records.

        "My understanding is that Zillow is out to disintermediate the broker and real estate salesperson, attempting to devalue the broker's Comparable Market Analysis by providing an instant valuation of sorts. Unlike Zillow, PropertyShark.com is focused on empowering real estate professionals, not disempowering them. We give professionals, and savvy consumers, the actual raw data, as well as an unprecedented level of depth which captures the unique nature of each piece of real estate and its value," expanded PropertyShark.com chief executive officer, Ryan Slack.


        # # #

         

         

        PropertyShark.com Photographs Every Building In Manhattan

        Data Provider Reaches 100,000 Registered Users as it Marks Third Anniversary

        New York City, January 3, 2006 - PropertyShark.com, a data analytical tool for property search, just announced they have taken a picture of every building in Manhattan—over 40,000 in total.

        "We've indexed each photo to an actual building," explains Matthew Haines, founder, PropertyShark.com. “Each photo has been taken by hand, by our team of extraordinary photographers, with high-quality digital cameras equipped with wide angle lenses to capture entire buildings and portions of neighboring properties," continues Haines. "These photographers have quite a few stories to tell about all they’ve encountered in their mission to complete this project.

        "When we first came up with the idea to do this project, we tried to fashion a much more high-tech way of taking pictures, but eventually went back to the most effective method—taking pictures of each building on foot, walking nearly 1000 miles in total," comments Ryan Slack, chief executive officer, PropertyShark.com

        "While this started out as a practical addition to our site, useful for professionals and consumers alike, as we began to work through the project, in addition to its business uses, it became a conceptual art project with sociological value," declares Haines.

        "Both Ryan and I moved to New York City from California and we came to love the gritty, big city feel---we wanted to capture the overwhelming size of it. We saw that New York City was undergoing a huge boom in new construction, and we knew that five years from now the city we had come to love would no longer be the city newcomers would see. We wanted to capture all the parts just as they are," continues Haines, quick to note that these are not glamorous architectural shots, but rather everyday photos.

        "No other company out there has done this," proclaims Slack. "MSN, Google, Yahoo and Amazon’s A9.com are all attempting to do similar photo projects in Manhattan, yet none of these players have achieved what we have," Slack elaborates proudly. "A9, which is farthest along, only shows the first two stories of each building, while PropertyShark.com offers a full picture of the entire façade; in addition, we provide shots of every building on every street, whereas they only have certain commercial streets available. We also link every photo to a specific building address, but A9’s photos are not indexed to specific addresses only general locations."

        In addition to displaying the pictures in the PropertyShark.com’s property reports, the photos are also incorporated into the site’s maps, showing exactly where the building is located.

        "A9's photos are displayed by showing all streets as East-West, which can make it difficult to know what building you are seeing or even what side of the street you are viewing," adds Haines.

        The photos can be used for a wide variety of purposes:

        • Researching buildings for sale
        • Checking out apartments
        • Scouting a neighborhood or location
        • Perusing a commercial district—viewing the exterior of a restaurant, bar or shop
        • Combining them with state-of-the-art interactive PropertyShark.com maps to quickly search to locate properties/locations

        PropertyShark.com's photographers will not get to rest for long. The company plans to continue until all of NYC is photographed.


        # # #

         

         

        PropertyShark.com Forms Strategic Alliance With PostcardBuilder

        New Postcard Design and Mailing Feature Offers Real Estate Professionals One-Stop Shop for Building Information and Direct Mailing Services

        New York City, November 3, 2005 - PropertyShark.com, a data analytical tool for property search, announces their strategic alliance with PostcardBuilder to better serve the real estate community by offering one-stop for building information and full service mailings.

        Says PropertyShark.com chief executive officer Ryan Slack, "In our continual efforts to level the playing field in New York City real estate we have strategically formed an alliance with a major postcard designer and mailing house, PostcardBuilder."

        "Previously, a smaller agency or broker didn’t have the ability to easily research building information and efficiently perform targeted mailings themselves. Through our alliance with PostcardBuilder, we can now make it easier than ever for all real estate professionals to target buildings, get building photos, generate mailing lists and design and mail postcards," continues Slack.

        PostcardBuilder is a full-service direct mail firm that prints and mails postcards in 48 hours. PostcardBuilder is used by real estate professionals and other businesses nationwide to execute their postcard mailings.

        Says PostcardBuilder president, Kurt Johnson, "The strategic alliance makes us both stronger. We can offer tools for businesses to design, print and mail postcards, but the mailing list is the critical component that drives response. PropertyShark.com offers realtors customized, targeted mailing lists."

        Nothing its broad appeal, Corcoran broker, Michael Guerra comments, "Combining the ease of use of PropertyShark’s accurate data with a vendor who can make cards is helpful to a myriad of people: brokers, investors, developers, realtors, contractors, landscapers, and architects."

        Allen Harris, an independent broker, has this to say about his recent use of the new offering, “As an independent broker, I am always looking for ways to get my name out. I had already decided to do a postcard to my local neighborhood, having lived here 23 years, and when I saw the page on PropertyShark.com, I made my decision. I found it very convenient to do it all in ONE STOP and for a very reasonable rate....overall a great program."


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        PropertyShark.com Adds New Mapping Features

        New Mapping Features Include FEMA Flood Zones Online

        New York City, October 18, 2005 - PropertyShark.com, a data analytical tool for property search, recently launched version 2.0 of its highly interactive maps to further improve their mapping product offering.

        Says PropertyShark.com founder, Matthew Haines, “Real estate is location-specific and our goal was to make specialized maps for NYC that incorporate local information that is rich enough to make Google look bland and generic.”

        "As a result of recent weather calamities and interest in Katrina, we worked quickly to add a FEMA flood zone overlay," adds Ryan Slack, chief executive officer of PropertyShark.com.

        In PropertyShark.com’s efforts to continually provide relevant and desired data for NYC, in addition to a FEMA flood zone overlay, v2.0 adds new data, including

        • Subways
        • Borough and community district outlines
        • Outlines of each individual lot on a block
        • Outlines of actual buildings
        • Detail inside of parks such as ponds, creeks, walkways and park buildings
        • Landmark and historic district overlay
        • A special building class theme showing how each building or lot is used (different colors show residential, stores, churches, industrial, government, vacancies, etc.)

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