Archive for 2010

New York City Foreclosure Listings in October Fall 21% from 2009 Levels

Friday, November 26th, 2010

New York, NY, November 23, 2010 – PropertyShark.com, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for October 2010.

Key Report Findings

  • The number of new scheduled New York City foreclosure auctions (247) was up 16% in October 2010 compared to September 2010, and was down 21% from October 2009 (314).
  • With one in every 6,633 households scheduled for auction for the first time, Queens properties comprised 48% of the new foreclosures in New York City.
  • Compared to September 2010, the number of new Manhattan foreclosures (15) increased 114%, Brooklyn foreclosures (52) were up 126%, scheduled foreclosures in the Bronx were up 48%, while Queens foreclosures (118) were down 3%, and Staten Island foreclosures were down 26%.
  • Compared to October 2009, Queens was down 37% and Staten Island down 36%, Bronx was up 79%, Manhattan was up 25%, while Brooklyn remained level.

To browse current foreclosure listings in New York or New Jersey, go to: http://propertyshark.com/mason/Foreclosures/

PropertyShark.com aggregates real estate data from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two 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 foreclosure listings, and much more.

About PropertyShark

A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009″, provides real estate professionals, investors and home buyers with data and tools on all aspects of property, including building details, ownership information, recent sales prices, home values and comparable sales, property taxes, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more. PropertyShark.com was founded by Matthew Haines begin_of_the_skype_highlighting     end_of_the_skype_highlighting in 2003. For more information or a free basic account, visit www.PropertyShark.com.

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Q3 2010 Foreclosure Report Issued by PropertyShark.com Covering New York City Foreclosures

Thursday, October 28th, 2010

New York City, NY, October 21, 2010 – PropertyShark.com, the premier real estate data site, today released its quarterly report covering first-time residential foreclosures in New York City for Q3 2010.

Key Report Findings

  • The number of new scheduled foreclosure auctions in New York City (660) was up 1% in Q3 2010 compared to Q2 2010, and was down 28% from Q3 2009 (912).
  • Queens’s properties comprised 59% of the new foreclosures in New York City. Queens zip codes 11434, 11433 (Jamaica, South Jamaica, Hollis, St. Albans) and 11413 (Laurelton, Cambria Heights, Queens Village, Glen Oaks) were the top three, with the highest numbers of foreclosures in Q3 2010.
  • Compared to Q2 2010, the number of Manhattan new foreclosures (36) increased 33%, Brooklyn (80) was up 8% and Queens (387) was up 8%, while The Bronx was down 41% and Staten Island down 9%.
  • Compared to Q3 2009, Brooklyn was down 35%, Queens down 31%, Manhattan down 23%, the Bronx down 18% and Staten Island down 9%.

About PropertyShark

A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009″, provides real estate professionals, investors and home buyers with data and tools on all aspects of property, including building details, ownership information, recent sales prices, home values and comparable sales, property taxes, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more. PropertyShark.com was founded by Matthew Haines in 2003. For more information or a free basic account, visit www.PropertyShark.com.

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

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July 2010 Foreclosure Report Issued by PropertyShark.com Covering New York City Foreclosures

Wednesday, September 8th, 2010

New York City, NY, August 20, 2010 – PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in New York City for July 2010.

Key Report Findings

  • The number of new scheduled foreclosure auctions in New York City (218) remained steady in July 2010 compared to June 2010,  and was down 41% from July 2009 (367).
  • Queens properties comprised 57% of the new foreclosures in New York City. Queens zip codes 11434, 11433 (Jamaica, South Jamaica, Hollis, St. Albans) and 11420 (Howard Beach, Ozone Park, South Ozone Park) were the top three, with the highest numbers of foreclosures in July 2010.
  • Compared to June 2010,  the number of Manhattan new foreclosures (14) increased 27%, Brooklyn (37) was up 85% and Queens (125) was up 2%,  while The Bronx was down 27% and Staten Island down 41%.
  • Compared to July 2009, Queens and The Bronx were down 44%, Manhattan down 30%, Staten Island down 57% and Brooklyn down 8%.

About PropertyShark

A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009″, provides real estate professionals, investors and home buyers 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. PropertyShark.com was founded by Matthew Haines in 2003. For more information or a free basic account, visit www.PropertyShark.com.

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

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PropertyShark.com Launches InstantAds, a Self-Service Advertising Platform to Reach Real Estate Buyers and Sellers

Monday, August 30th, 2010

New York, NY, August 27, 2010 – PropertyShark.com, the premier real estate data website, today officially launched InstantAds, a self-service advertising platform to let businesses and real estate professionals create a text or banner ad and have it displayed on PropertyShark.com within minutes, for as little as $25 per month.

PropertyShark users are savvy real estate buyers, sellers, and professionals that are currently researching property, analyzing market values, and searching for investment opportunities.

“We created InstantAds to provide real estate professionals and other businesses with a quick and affordable way to advertise to PropertyShark users,” stated Bill Staniford, a General Manager at PropertyShark.com. “Due to the depth of information on the site, people using PropertyShark are typically very serious about buying or selling real estate, and InstantAds lets and advertiser get their message in front of them at a critical point in the real estate buying process.”

PropertyShark.com aggregates real estate data from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two 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 foreclosure listings, and much more.

About PropertyShark

A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009″, provides real estate professionals, investors and home buyers 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. PropertyShark.com was founded by Matthew Haines in 2003. For more information or a free basic account, visit www.PropertyShark.com.

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

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Yardi Systems Acquires PropertyShark for Real Estate Data

Thursday, April 1st, 2010

Media Contact:      Joel Nelson
Yardi Systems, Inc.
800-866-1144 x1255
Joel.Nelson@yardi.com

SANTA BARBARA, CALIF., March 31, 2010 – Yardi Systems announced today that it has acquired PropertyShark, creators of PropertyShark.com, the premier real estate data website.

Yardi acquired the New York-based company to integrate deep property data into the Yardi suite of real estate investment management and property management software.

“PropertyShark’s aggregation of real estate data from hundreds of sources into a single property research website has changed the way real estate investors, professionals, and consumers educate themselves and make decisions about property in hubs like New York and Los Angeles,” said Gordon Morrell, Yardi’s executive vice president and chief operating officer. “Yardi acquired PropertyShark to expand the service nationally, strengthen our suite of products, and provide our clients with fully integrated access to detailed property information.”

“When I founded PropertyShark in 2002, I wanted access to the hard-to-reach property information held by sellers, city agencies and brokers so I could make informed decisions about real estate investments I was considering,” said Matthew Haines, PropertyShark’s founder.  “To see the concept taken from one neighborhood in New York City into the hands of one of the largest and most successful real estate software companies is a victory for everyone involved in buying, managing, and selling real estate based on transparent and comprehensive research.”

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years.  With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today.  Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

About PropertyShark

Founded by Matthew Haines in December 2002, PropertyShark offers the information essential to evaluate real estate and make informed decisions.  PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009,″ provides real estate professionals, investors and home buyers with data, tools and educational classes 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. For more information or a free basic account, visit www.PropertyShark.com.

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