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 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, 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

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, click here.)

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 .

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

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

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

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

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

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

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

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

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.

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

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

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

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 .

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

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

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. 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:

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

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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

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:

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

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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, 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:

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

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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, 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:

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

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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

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