New York City’s commercial real estate market continues its upward trend in 2011, growing by 32% over 2011 and by a whopping 193% over its recessionary low-point in 2009. In real terms, the commercial sector amounted to $24 billion in sales, a four-year best.

Even though sales were consistent throughout the whole year, the peak was in Q3 of 2011, when transactions amounted to $9.37 billion. This total hadn’t been reached in a single quarter since 2007.

Large transactions of $5M or more were the main contributors to the revitalization of the commercial sector. They accounted for $20.8 billion or 86% of all commercial sales in New York City. The top 10 biggest commercial transactions amounted to $5.76 billion, which brought the Y-o-Y increase to 35% over 2010 and to 245% over 2009 for the $5M and up sector.

The median sale price for the $5M and up segment also reached a 7-year high at $11,719,595. This represents a 24% increase over 2010 and a 19% increase over 2007 (the market was at its peak in 2007, with close to $45 billion in total sales).

More than half of NYC’s commercial real estate market volume is represented by office building sales. In 2011, the office market recorded $13.4 billion in sales, a 38% Y-o-Y increase. It clearly outperformed the multifamily sector which, with $6.9 billion in sales, witnessed a 14% Y-o-Y increase.

Browse through current multifamily commercial properties for sale.

We just released our monthly report that covers newly scheduled foreclosures for October 2011 in New York City. Here are the key takeaways:

• The number of new foreclosure auctions was 6% lower in October 2011 compared to September 2011. If we compare October 2011 with the same month last year, the number is significantly lower, representing a 76% drop.
• In the Bronx, the number of first-time foreclosures was 46% lower than in September 2011. In Brooklyn, the decrease was 27% and in Queens it was 11%. However, the number of first-time foreclosures in Manhattan increased by 22%.
• The bulk of first-time foreclosures in New York City was represented by co-op foreclosures, which were 48% of the total number. However, they declined 43% compared to October 2010.

Browse current New York City foreclosures or foreclosure listings in New York State.

The third quarter of 2011 saw a 69% decrease in the number of foreclosure auctions compared to the same quarter of 2010 and a 33% decrease compared to the second quarter of 2011.

We just released our quarterly report that covers New York’s first-time residential foreclosures. Here are our most important findings:

• There were 207 first-time foreclosure auctions in New York City in the third quarter of 2011. This translates into a 69% decrease compared to the same quarter of 2010, when there were 659 first-time foreclosure auctions. Compared to the second quarter in 2011 (311), it is a 33% decrease.
• The only borough where the number of first-time foreclosure auctions actually increased compared to last year is Manhattan. This number in Manhattan is 41, up 14% from Q3 2010, but down 45% from Q2 2011.
• Staten Island has the biggest decrease compared to Q3 2010 (85%).
• The numbers in Queens paint almost the same picture as in Staten Island: a 79% decrease compared to Q3 2010 and a 28% decrease compared to Q2 2011.
• There were 31 first-time foreclosure auctions in Q3 2011 in Brooklyn. This is a 61% decrease compared to Q3 2010 and a 45% decrease from the previous quarter in 2011.
• Finally, the numbers for the Bronx reveal a 36% decrease from Q3 2010 and a 26% decrease from Q2 2011.

Browse current New York foreclosures or foreclosure listings in New Jersey.

August 2011 experienced a 70% decrease in the number of foreclosure auctions scheduled in NYC compared to the same month last year. This trend is also highlighted by the 7% decrease from July to August 2011.

We just released our monthly report that covers first-time residential foreclosures in New York City. Here are our most important findings:

• The number of foreclosure auctions went down 70% in August 2011 compared to August 2010, from 228 to 69. Compared to July 2011, the number went down from 74 to 66 (7%).
• The trend is highlighted by the number of foreclosure auctions in Queens and Staten Island as well. Compared to the same month last year, the number in the two boroughs is 80% lower. In Brooklyn the number is 40% lower and in Bronx it remained the same.
• Lis pendens filings decreased from 1,490 in August 2010 to 981 in August 2011, a 34% decrease. Compared to July 2011, when there were 1,027 filings, the number is 4% lower.

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

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.

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.

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.

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 found on PropertyShark BlogCenter along with other market reports and press resources.

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, property tax,  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 Foreclosures Down 34% from June 2009 But Up 3% from July 2008 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 found on PropertyShark BlogCenter along with other market reports and press resources.

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, 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

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

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

• Queen’s (199) properties comprised 63% of the new foreclosures in New York City.
• New scheduled foreclosure auctions in New York City (318) decreased 7% from July 2008 (341) and were down 8% from June 2009 (344).
• 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 found on PropertyShark BlogCenter along with other market reports and press resources.

In addition to foreclosure listings, PropertyShark.com visitors can view property reports for almost every property in New York City, run sales comparables to assess market values, or browse Manhattan Ultra-Luxury Sales.  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, 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