PropertyShark

Last updated
PropertyShark
PropertyShark company logo darkblue.svg
Type of site
Subsidiary of Yardi Systems
Founded2003;21 years ago (2003)
Headquarters
New York City
Key peopleMatthew Haines, Founder
IndustryTechnology, Real Estate
URL www.propertyshark.com

PropertyShark is an online real estate database and property research tool that provides building details, ownership information, comparable sales, and foreclosure data [1] to real estate professionals in New York and other major U.S. markets. [2] [3] Launched in January 2003 by Matthew Haines, [4] [5] the real estate database and research website was acquired by Yardi Systems and integrated into its suite of software in 2010. [6]

Contents

History

PropertyShark was founded by real estate investor and software developer Matthew Haines following his work on renovating a five-family brownstone in Harlem. [7] The initial website launched on New Year's Day in 2003 and was first named MatthewHaines.com and later changed to NYCpropertyresearch.com. [4] [8] Haines reportedly created PropertyShark to make real estate data more accessible and help potential homeowners become more comfortable in investing in the neighborhood. [7]

In 2004, Haines was joined by his college friend, Ryan Slack, who became co-owner and CEO of PropertyShark. [9] [5] Under Ryan Slack, the real estate site reportedly explored more creative content, such as listing air rights available above buildings, photographs of every property in Manhattan, phone numbers of property owners, or thematic real estate maps. [10]

By 2006, PropertyShark evolved to include 20 million properties in 16 markets across the U.S., including New York City. [9]

In 2006, Bill Stanford joined as vice president of sales and became the CEO two years later. [11] Stanford exited PropertyShark in 2010 [11] when the firm was sold to Yardi Systems, a company specializing in real estate investment and property management software. [12] Matthew Haines continued as vice president of the company. [13]

The acquisition by Yardi Systems aimed to expand PropertyShark's database nationally. [6] Since the acquisition, PropertyShark has developed several additional services for real estate professionals, gathering data from various public and proprietary sources [4] to provide property information. For example, in 2019, the company launched Platinum Real Owners Behind LLC Owned Properties, which helps users identify the true owners behind LLCs. [2]

Business

PropertyShark focuses on providing residential and commercial real estate data, including property classifications, lot sizes, ownership information, contact details, maps, recent sales prices, comparables, for-sale and for-lease listings, foreclosures and pre-foreclosures, taxes and information on zoning regulations. [12] [14] PropertyShark allows users to research residential or commercial properties with a free account, [15] but most features require a paid subscription. [16]

Related Research Articles

<span class="mw-page-title-main">Larry Ellison</span> American entrepreneur (born 1944)

Lawrence Joseph Ellison is an American businessman and entrepreneur who cofounded software company Oracle Corporation. He was Oracle's chief executive officer from 1977 to 2014 and is now its chief technology officer and executive chairman.

A multiple listing service is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation and accumulate and disseminate information to enable appraisals. A multiple listing service's database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.

<span class="mw-page-title-main">Fidelity Investments</span> American multinational financial services corporation

Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $5.4 trillion in assets under management, and $14.1 trillion in assets under administration, as of June 2024, Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.

<span class="mw-page-title-main">Foreclosure</span> Legal process where a lender recoups an unpaid loan by forcing the borrower to sell the collateral

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

<span class="mw-page-title-main">2000s United States housing bubble</span> Economic bubble

The 2000s United States housing bubble or house price boom or 2000shousing cycle was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States.

<span class="mw-page-title-main">Salesforce</span> American software company

Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.

<span class="mw-page-title-main">Zillow</span> American real estate website

Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.

The Furman Center for Real Estate and Urban Policy is a joint center at New York University School of Law and the NYU Wagner School of Public Service. The Furman Center was established in 1995 to create a place where people interested in affordable housing and land use issues could turn to for factual, objective research and information. Since that time, the Furman Center has become an authority on such matters in New York City. The Furman Center has a three-part mission, including providing objective academic research about land use, real estate, housing and urban affairs, with a particular focus on New York City, promoting intense debate and productive discussion among elected, academic, and industry leaders, and presenting essential data and analysis about the state of New York City's housing and neighborhoods.

United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006. Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults.

<span class="mw-page-title-main">Ryan Serhant</span> American real estate broker and television personality

Ryan Matthew Serhant is an American real estate broker, author, and reality television personality. He starred on Bravo's television series Million Dollar Listing New York for nine seasons, as well as on its spin-off Sell it Like Serhant. He stars on a Netflix reality show, Owning Manhattan. Serhant runs a New York real estate firm called SERHANT.

<span class="mw-page-title-main">Box, Inc.</span> Cloud content management program

Box, Inc. is a public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds, before going public in 2015. Its software allows users to store and manage files in an online folder system accessible from any device. Users can then comment on the files, share them, apply workflows, and implement security and governance policies.

<span class="mw-page-title-main">JLL (company)</span> Real estate consultancy firm

Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 193 on the Fortune 500.

Cyberhomes is a real estate website owned by Fidelity National Financial and Lender Processing Services (LPS). It lists the most current sales of homes in a neighborhood by similar sales.

<span class="mw-page-title-main">W. Wheeler Smith</span> American architect

William Wheeler Smith, AIA, professionally known as "W. Wheeler Smith," was an American architect and developer active in late-nineteenth- and early-twentieth-century New York City. His home office was located at 17 East 77th Street, New York City. He previously occupied 971 Madison Avenue.

<span class="mw-page-title-main">Atlassian</span> Australian enterprise software company

Atlassian Corporation is an Australian-American software company that develops products for software developers, and project managers among other groups. The company is domiciled in Delaware, with global headquarters in Sydney, Australia, and US headquarters in San Francisco.

HomeVestors of America, Inc. is an American privately owned, real estate investing franchisor. It is independently owned and operated franchisees buy homes in need of repair and homes that owners need to sell more quickly than usually can be done through a realtor. Franchisees usually renovate and sell or rent the homes. The company operates in 45 states with over 1000 franchises and growing.

RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Santa Barbara, California. It publishes a monthly U.S. Foreclosure Market Report.

Slack is a cloud-based team communication platform developed by Slack Technologies, which has been owned by Salesforce since 2020. Slack uses a freemium model. Slack is primarily offered as a business-to-business service, with its userbase being predominantly team-based businesses while its functionalities are primarily focused on business administration and communication.

Property technology is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financial technology, including uses like online payment and booking systems. Grammatically, the portmanteau "proptech" is formed from two common nouns: "property" and "technology." As such, capitalizing it is grammatically incorrect.

Yardi Systems, Inc. is an investment, asset and property management software vendor for the real estate industry. It provides products such as property management platforms and software.

References

  1. ↑ Gershberg, Michele (February 7, 2008). "Foreclosure Web sites expand audience". Reuters. Retrieved 8 May 2024.
  2. 1 2 Davenport, Emily (May 23, 2019). "Step up your property info searches with these new features in PropertyShark.com". QNS. Retrieved 8 January 2024.
  3. ↑ Fisher, Adam (August 24, 2009). "50 Best Websites 2009". Time Magazine. Retrieved 8 January 2024.
  4. 1 2 3 Garrett, Parker (April 8, 2020). "10 Things You Didn't Know about Property Shark". Money Inc. Retrieved 8 January 2024.
  5. 1 2 "Is This Brownstone A Lemon?". Forbes. January 12, 2006. Retrieved 8 January 2024.
  6. 1 2 Taylor, Candace (March 31, 2010). "PropertyShark.com bought by California real estate software company". The Real Deal. Retrieved 8 January 2024.
  7. 1 2 Damon, Darlin (November 5, 2005). "Location, Location, Location. Research, Research". The New York Times. Retrieved 9 January 2024.
  8. ↑ Hall, Trish (June 1, 2003). "Habitats/111 West 117th Street; Actors Buy Harlem Home In Need of Sweat Equity". The New York Times. Retrieved 9 January 2024.
  9. 1 2 Pappu, Sridharu (September 10, 2006). "If Houses Could Talk". The New York Times. Retrieved 7 January 2024.
  10. ↑ Palmeri, Christopher (June 29, 2006). "How To Find A Rich Single Landowner". Bloomberg. Retrieved 8 May 2024.
  11. 1 2 Lovinger, Joe (February 1, 2022). "Former PropertyShark CEO launches bid for Congress with falsehood". The Real Deal. Retrieved 7 January 2024.
  12. 1 2 Howard, Bob (April 1, 2010). "Yardi Systems Acquires NYC-Based PropertyShark". Globest.com. Retrieved 9 January 2024.
  13. ↑ Bickell, Nathan (August 8, 2018). "WATCH: PropertyShark's Matthew Haines on data competition, why the firm's offices are located in Romania and more". The Real Deal. Retrieved 7 January 2024.
  14. ↑ Kim, Lauren B. (July 5, 2007). "Real-Estate Shark or Fish? Home-Buying Tool for Consumers". The Wall Street Journal. Retrieved 8 May 2024.
  15. ↑ Eberlin, Erin (November 30, 2022). "7 Online Databases for Investment Properties for Sale". the balance. Retrieved 9 January 2024.
  16. ↑ "Best Real Estate Comps Software". New Silver. May 9, 2023. Retrieved 9 January 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.