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.

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

• Miami Foreclosures
• New Jersey Foreclosures
• NYC Foreclosures
• San Francisco Foreclosures
• Seattle Foreclosures

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

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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 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, apartments for sale, retail spaces, 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 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:

• Miami Foreclosures
• New Jersey Foreclosures
• NYC Foreclosures
• San Francisco Foreclosures
• Seattle Foreclosures

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

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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 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).

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

• Miami Foreclosures
• New Jersey Foreclosures
• NYC Foreclosures
• San Francisco Foreclosures
• Seattle Foreclosures

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

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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, property tax, 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 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

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:

• Miami Foreclosures
• New Jersey Foreclosures
• NYC Foreclosures
• San Francisco Foreclosures
• Seattle Foreclosures

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

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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 tax, sophisticated maps, homes for sale, foreclosures and pre-foreclosures, title search, 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 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

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:

• Miami Foreclosures
• New Jersey Foreclosures
• NYC Foreclosures
• San Francisco Foreclosures
• Seattle Foreclosures

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

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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 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