We recently added a new report to our market coverage- the New Jersey Foreclosure Report, this one covering the third quarter of 2008.

What we saw this quarter: Foreclosures in New Jersey reached a one year-high in Q3 2008. Compared to the previous quarter (2,798), the current number of foreclosures (3,052) increased by 9%. However, compared to Q3 2007, first time foreclosures increased by 43%.

New Jersey Foreclosures Q3 08

As we see in the chart above, Essex County had both the most first time foreclosures and the highest rate of
foreclosures per household of all of New Jersey counties.

We have recently crunched the numbers and compiled three new reports. Now available:

• The Q208 Investment Property Report: Compared to Q2 2007, all three regions studied (New York City, Los Angeles, San Francisco 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 YorkCity 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. View the full report: Q208 Investment Property Report
• The Four City August Foreclosure Report: New York City Foreclosures reach three-year highs; Los Angeles, Miami, Seattle all up: Foreclosures in New York City (383) reached the highest value since we started tracking foreclosures (spring of 2005), predominantly due to Queens. Los Angeles (up 159%), Miami (up 72%), and Seattle (up 27%) have seen a significant increase new foreclosures compared to
  August 2007. However, all three regions saw a slight decrease compared to July 2008. View the full report: Four City August Foreclosure Report

Foreclosures in Los Angeles, Miami, New York City, Seattle

• The Long Island August Foreclosure Report: 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. 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. View the full report: Long Island August Foreclosure Report
• 

Welcome to the first post on PropertyShark.com’s BlogCenter. The purpose of this blog will be to alert press, bloggers, and media about upcoming real estate market reports, trends, and stats that we uncover here at PropertyShark.com. Our goal is to make your life easier so you can report a timely, compelling story.

To get started, here is a list of the current ongoing reports we produce:

1. Monthly Foreclosure Report: This report is distributed to the press and media every month and covers foreclosure levels in Los Angeles, New York City, Miami, and Seattle in a longitudinal study. We also have an additional monthly report on foreclosures in Long Island.
2. Quarterly Investment Property Report: This report covers multifamily building sales trends in San Francisco, New York City, and Los Angeles.
3. The Corcoran Report: This quarterly report on residential sales in Manhattan is produced by the Corcoran Group in conjunction with PropertyShark.com

Click here to view all of our market reports.