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PropertyShark.com Adds Hampton’s Residential for Sale Listings

Tuesday, March 24th, 2009

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.

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, 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/mason

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February 2009 New Jersey Foreclosure Report Issued by PropertyShark.com

Monday, March 23rd, 2009

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 http://www.propertyshark.com/mason/Foreclosures/new_jersey/)

Key Report Findings

  • 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.
  • 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.

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

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,  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

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February 2009 Long Island Foreclosure Report Issued by PropertyShark.com

Tuesday, March 17th, 2009

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 http://www.propertyshark.com/mason/Foreclosures/new_york/ )

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 .

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,  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

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

Wednesday, March 11th, 2009

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 Matthew 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, title search, sophisticated maps, homes for sale, 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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January 2009 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

Wednesday, February 11th, 2009

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 http://www.propertyshark.com/mason/Foreclosures/new_york/)

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

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Q4 2008 Foreclosure Report Issued by PropertyShark.com Covering New York City, Miami, Seattle and Los Angeles Foreclosures

Monday, January 12th, 2009

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 http://www.propertyshark.com/mason/Foreclosures/new_york/)

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,  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

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