Well, hey there, Watchers! In this week’s edition of  Knoxville Foreclosure Watch, the numbers didn’t move much, but they all moved in the right directions: active foreclosures are down, while pending and active foreclosures are both up.  That’s what I’m talkin’ ’bout!

37917 came roaring back this week with 7 new foreclosure listings, securing it’s spot in first place with 87 so far this year.  Other zips with more than one new foreclosure listing included 37914, 37918,  37920, and 37921.

There were 14 closed foreclosure listings last week, with 2 each in 37912, 37914, 37917, and 37918 and 1 each in 3, 37920, 37921, 37922, 37924, 37931,  and 37938. 37918 is still in first place with 35 closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 7/01/09 *

Current On-Market Listings - 202
Average Asking Price: $130,329
Median Asking Price: $82,100
Most Expensive New Listing: $459,900 (5 BR, 4.5 BA, 4000+ sq ft in Farragut)
Least Expensive New Listing: $15,900 (3 BR, 1 BA, 1000+ sq ft in Bonview)

Notable New Listings:

North: $59,900 (4 BR, 3 BA, 2000+ sq ft fixer upper in Old North Knox)

South: $72,900 (3 BR, 1.5 BA, 1400+ sq ft off Woodlawn)

East: $65,000 (2 BR, 1.5 BA, 1200+ sq ft in Holston Hills Area)

West: $94,900 (2 BR, 2 BA, 1100+ sq ft on 2+ acres in Karns)

dklj;lskj;dlk

Current Pending Sales -123
Average Asking Price - $100,170
Median Asking Price - $79,900

Closed Sales June 24, 2009- June 31, 2009 - 14
Average Asking Price - $114,471
Average Sales Price - $103,339
Median Sales Price - $80,450
Average Days on Market - 55

*Data taken from KAARMLS on 07/01/09 for Knox County single family residential properties only, and does not include condos or PUDS.

As always, if you need more information on any of these properties, just drop me a line.

If you’d like to receive new foreclosure listings automatically, send me an email with “Foreclosure List” in the subject line, and I’ll do the rest. Spam? No ma’am!

Why take the chance of ever missing out on Foreclosure Watch? Make sure you get all your foreclosure goodness every week by subscribing to All Around K-Town today, either by RSS or email!

© 2009 Robert Stockdale Photography, All Rights Reserved.

This week Neighborhood of the Week heads back out West to revisit a little lakefront neighborhood called Riversound.

Located just off of Northshore Drive a little over 2 miles west of the Pellissippi, Riversound bills itself as “an exclusive lakefront development with the comfort and atmosphere of family living.”

© 2009 Robert Stockdale Photography, All Rights Reserved.

The community sits on 96 acres on the north shore of Fort Loundon Lake and not only are several homes there actually on the water, many homes in Riversound have incredible lake and mountain views. There’s also a community boat dock with some private dock slips available for homeowners. There are, however, not enough for all homeowners, and when a slip goes up for sale, I hear it goes pretty quickly

© 2009 Robert Stockdale Photography, All Rights Reserved.

Other neighborhood amenities include a 5000 sq ft neighborhood clubhouse, outdoor and indoor swimming pools, and newly resurfaced tennis courts.

© 2009 Robert Stockdale Photography, All Rights Reserved.

Riversound is also located just up the road from quite a few county parks, including “The Cove”, or Concord Park, Admiral Farragut Park and Carl Cowan Park.

© 2009 Robert Stockdale Photography, All Rights Reserved.

So if you’re looking for an upscale lakefront community that’s convenient to I-640 and Turkey Creek, has it’s own neighborhood pool and tennis courts and is also close to some really nice public parks, Riversound might be a good place to call home.

Note: Even though the condo community “The Breakers” is located within Riversound, I’m only going to focus on the single family homes in this NOTW.

Here’s Riversound by the numbers -

Riversound*

Current On-Market Listings - 5
Average Asking Price: $801,260
Median Asking Price: $750,000
Most Expensive: $1,287,500 (5 BR, 6.5 BA, 7000+ sq ft)
Least Expensive: $549,900 (4 BR, 3.5 BA, 4000+ sq ft w/ indoor basketball court)
Middle of the Road: $750,000 (4 BR, 4.5 BA, 6000 sq ft)

Current Pending Sales - 0
Average Asking Price: NA
Median Asking Price: NA

Closed Sales - 2nd Quarter 2009 - 0
Average Asking Price - NA
Average Sales Price - NA
Median Sales Price - NA
Average Days on Market - NA

Closed Sales - 2nd Quarter 2008- 3
Average Asking Price - $628,133
Average Sales Price - $611,667
Median Sales Price - $600,000
Average Days on Market - 38

*Data taken from KAARMLS on 6/29/09 does not include condos, PUDS, adjacent neighborhoods or multi-family units.

As always, if you want any more information about any of these properties, or if you’d like to check one of them out in person, just give me a shout.

If you would like to receive a full list of properties for sale in this neighborhood, or if you would like to be notified of new listings, send me an email with either “Current Riversound Listings” or “New Riversound Listings” in the subject line and I’ll take care of the rest. No spam - scout’s honor.

Live in a great neighborhood you think is worthy of some attention? Let me know about it and you might just see it featured here in the coming weeks.

The weekly poll just had to completely redo its wiring, but it’s all ready for voting now.

This week’s topic is about your home and whether or not you feel like  it’s a money pit. Although it could be argued that ALL homes are money pits, it’s usually the older homes that get a bad rap as having a seemingly never ending list of things that need fixing or replacing. However, I know plenty of folks who moved into very nice looking brand new homes, only to wind up spending a lot of money to fix things that the builder just didn’t get quite right.

So what about you? Is your home costing you way more money to maintain than it’s worth?  Or are you one of the lucky few who has a truly maintenance free hacienda?  Cast your vote and let me know.

Keeping your home up to speed might cost a lot of dough, but getting the latest news on the Knoxville real estate market is absolutely free - sign up to receive regular updates from All Around KTown in a feed reader or by email today!

It’s Wednesday night and you know what that means - time to watch some foreclosures! This week on Knoxville Foreclosure Watch, active foreclosures and pendings were down while closings more than doubled. And it’s not even the end of the month! It’s a small piece of good news, but you know that I’ll always take any good news I can get in this market.

In new listing news, 37918 once again was the leader with 5 new foreclosure listings this week. What’s goin’ on up there in Fountain City?  Other zips with more than one new foreclosure listing included 37849, 37917, and 37920. And despite 37918’s two week run, 37917 is still in the lead with 80 new foreclosure listings this year.

There were 13 closed listings last week and they were pretty spread out: 2 each in 37912 and 37914 and 1 each in 37849, 37871, 37917, 37918, 37921, 37922, 37923, 37931, and 37934. 37918 currently holds the title of zip with most closed foreclosure listngs this year with a grand total of 33.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 6/24/09 *

Current On-Market Listings - 203
Average Asking Price: $131,195
Median Asking Price: $85,000
Most Expensive New Listing: $249,900 (4 BR, 3 BA, 3800+ sq ft in Halls)
Least Expensive New Listing: $14,900 (2 BR, 1 BA, 1100+ sq ft, 110 yrs old in Mechanicsville)

Notable New Listings:

North: $88,000 (3 BR, 1.5 BA, 1300+ sq ft in Plantation Hills)

South: $32,000 (2 BR, 1 BA, 700+ sq ft off Davenport)

East: $48,500 (3 BR, 2 BA, 1500 sq ft on 1+ acres in Carter)

West: $184,900 (3 BR, 2 BA, 2100+ sq ft in West Hills)

dklj;lskj;dlk

Current Pending Sales -119
Average Asking Price - $98,133
Median Asking Price - $78,000

Closed Sales June 17, 2009- June 23, 2009 - 13
Average Asking Price - $87,738
Average Sales Price - $85,568
Median Sales Price - $75,000
Average Days on Market - 69

*Data taken from KAARMLS on 06/24/09 for Knox County single family residential properties only, and does not include condos or PUDS.

As always, if you need more information on any of these properties, just drop me a line.

If you’d like to receive new foreclosure listings automatically, send me an email with “Foreclosure List” in the subject line, and I’ll do the rest. You’ll find no spam here, sir.

Why take the chance of ever missing out on Foreclosure Watch? Make sure you get all your foreclosure goodness every week by subscribing to All Around K-Town today, either by RSS or email!

If I’m posting on a Tuesday, that probably means it’s Home Sales Report time.

So, despite all the movement I saw in my own business and at my office last month, the May numbers are still way off the mark. Bummer. Still, I shudder to think what these numbers would look like without the $8,000 first time homebuyer credit and the still low, but slowly climbing interest rates. I guess we may get to find that out later this year…

Another thing I noticed this month is that the average days on market made a huge upward jump. This reminded me of something I’ve been meaning to talk about here for a while, and that is -

The average days on market is most likely much longer than the number you see here every month.

Why? Well, that’s because the “average” gets skewed by the fact that the Knoxville MLS doesn’t show cumulative days on market for expired or withdrawn listings. If a home expires or is withdrawn and relisted, the days on market count starts over.

Confused? Let me give you an example. Say I have a listing that’s on the market for 180 days, but doesn’t sell. I then relist it and it sells in 30 days. So, in reality, the home was on the market for 210 days before it sold. However, according to KAARMLS, that home would have only been on the market 30 days, since it only counts the last listing period. Pretty big difference, right?

So, not to be the bearer of more bad news here, but I do think it’s important  for folks to understand the reality when it comes to the time it will likely take to get a property sold in the current market.

And with that out of the way, it’s time to  break down the April home sale numbers the only way that I know how — AAKT style. Join me, won’t you?

First let’s start with our one lonely little piece of good news -

Average sales price for 2 or less BR homes is down.
May ‘08 - $88,100
May ‘09 - $83,000

Median sales price for 2 or less BR homes is (ever so slightly) down.
May ‘08 - $75,500
May ‘09 - $75,000

Average sales price for 3 BR homes is (way) down.
May ‘08 - $170,900
May ‘09 - $154,500

Median sales price for 3 BR homes is down.
May ‘08 - $151,000
May ‘09 - $143,500

Median sales price for 4+ BR homes is down.
May ‘08 - $249,900
May ‘09 - $246,000

Average condo sales price is down.
May ‘08 - $165,100
May ‘09 - $155,500

Median condo sales price is down.
May ‘08 - $143,200
May ‘09 - $138,000

© 2009 Robert Stockdale Photography, All Rights Reserved.

This week Neighborhood of the Week heads down south to visit a quaint little historic community with more home styles than you can shake a stick at: Lindbergh Forest.

© 2009 Robert Stockdale Photography, All Rights Reserved.

Located off Chapman Highway just a little ways south of downtown, Lindbergh Forest  was once considered a suburb of Knoxville. The oldest part of the neighborhood dates from the 1920s and 30s, but homes continued to be built there throughout the 1940s and 50s.

© 2009 Robert Stockdale Photography, All Rights Reserved.

Not only does Lindbergh Forest boast a wide array of home styles — Colonial Revival, Dutch Colonial Revival, Spanish Colonial Revival, Tudor Revival and Cape Code, just to name a few — but it also contains two of the city’s only “Lustron” homes

© 2009 Robert Stockdale Photography, All Rights Reserved.

Much like the nearby Island Home, Lindbergh Forest has a pretty low of turnover rate and desirable homes tend to sell fairly quickly when they do come on the market.

© 2009 Robert Stockdale Photography, All Rights Reserved.

Lindbergh Forest is easily accesible via I-40 and Chapman Highway and is very convenient to downtown Knoxville and the UT campus.

So if you’re looking for a historic home on the south side of town you might want to look into Lindbergh Forest.

© 2009 Robert Stockdale Photography, All Rights Reserved.

Thanks to AAKT’s resident photographer, Robert Stockdale for these super shots of  Lindbergh Forest. To learn more about Robert and his work, visit his website.

Here’s Lindbergh Forest by the numbers-

Lindbergh Forest*

Current On-Market Listings - o
Average Asking Price: NA
Median Asking Price: NA
Average Square Footage: NA

Current Pending Sales -2
Average Asking Price: $147,450
Median Asking Price: NA

Most Expensive: $150,000 (2 BR, 1 BA, 1100+ sq ft, built in ‘29)

Least Expensive: $144,900 (3 BR, 1.5 BA, 1900+ sq ft, built in ‘51)

Closed Sales -  2009 - 0
Average Sales Price - NA
Median Sales Price - NA
Average Days on Market - NA

Closed Sales - 2008 - 0
Average Sales Price - NA
Median Sales Price - NA
Average Days on Market - NA

*Data taken from KAARMLS on 06/22/09 does not include adjacent subdivisions, condos, PUDS, or multi-family units.

As always, if you want any more information about any of these properties, or if you’d like to check one of them out in person, just give me a shout.

If you would like to receive a full list of properties for sale in this neighborhood, or if you would like to be notified of new listings, send me an email with either “Current Lindbergh Forest Listings” or “New Lindbergh Listings” in the subject line and I’ll take care of the rest. I would never spam you.

Know a great neighborhood you think has NOTW potential? Let me know about it and you might just see it featured here in the coming weeks.

The weekly poll is feeling pessimistic about the economy. Go vote and cheer it up.

This week’s question is a little broader than normal, but is in honor of a question I was asked this week when I was a guest on WBIR’s Inside Tennessee (link to - hopefully - follow as soon as they post it). The question was this: on a scale of 1 to 10, where would you rank the current state of the Knoxville economy? Out of four total guests, answers ranged from 1.4 (a UT economist) to 6 (myself and a pizza parlor owner).  That’s quite a spread, huh?

So what about you?  All things considered - the real estate market, unemployment, retail sales - where do YOU think the Knoxville economy currently ranks on a scale of 1-10? Cast your vote and let me know.

Don’t know how the Knoxville real estate market currently ranks? Get up to speed by  subscribing to All Around KTown in a feed reader or by email today!

photo credit: Mykl Roventine

Happy wild, wet and windy Wednesday, Watchers! This week on Knoxville Foreclosure Watch, active foreclosures stayed exactly the same while pendings were slightly up and closings were slightly down. I’m sensing a possible calm before the storm. Or maybe it’s just the eye of the hurricane? Or maybe no news truly is good news. We shall see…

In new listing news, 37918 was the surprise leader this week with 7 new foreclosure listings.  Other zips with more than one new foreclosure listing included 37914, 37917, 37920, 37924, and  37938. And, yes, 37917 is still in the lead with 78 new foreclosure listings this year. Wonder if it will hit the big 1-0-0 by the end of the year?

There were 6 closed listings last week: 2 in 37920 and 1 each in 37849, 37871, 37912, and 37914. 37918 remains in first place with 32 closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 6/17/09 *

Current On-Market Listings - 205
Average Asking Price: $130,116
Median Asking Price: $84,900
Most Expensive New Listing: $359,900 (4 BR, 3.5 BA, 3600 sq ft in Westmoreland)
Least Expensive New Listing: $19,900 (3 BR, 1 BA, 900+ sq ft off Magnolia)

Notable New Listings:

North: $147,900 (3 BR, 2.5 BA, 2300+ sq ft near Knoxville Center Mall)

South: $85,000 (3 BR, 1 BA, 900+ sq ft off Old Sevierville Pike)

East: $69,900 (3 BR, 2 BA, 1200+ sq ft off Holston Dr)

West: $159,900 (3 BR, 2 BA, 1400+ sq ft in Farragut)

dklj;lskj;dlk

Current Pending Sales -123
Average Asking Price - $100,647
Median Asking Price - $79,000

Closed Sales June 10, 2009- June 16, 2009 - 6
Average Asking Price - $78,900
Average Sales Price - $76,318
Median Sales Price - $75,253
Average Days on Market - 47

*Data taken from KAARMLS on 06/17/09 for Knox County single family residential properties only, and does not include condos or PUDS.

As always, if you need more information on any of these properties, just drop me a line.

If you’d like to receive new foreclosure listings automatically, send me an email with “Foreclosure List” in the subject line, and I’ll do the rest. Ix-nay on the am-spay.

Why take the chance of ever missing out on Foreclosure Watch? Make sure you get all your foreclosure goodness every week by subscribing to All Around K-Town today, either by RSS or email!

© 2008 Robert Stockdale Photography, All Rights Reserved.

This week Neighborhood of the Week heads up north to the Powell community to revisit a large, traditional, and fairly new subdivision: Sterchi Hills.

Located just off of I-75 at Callahan Road, Sterchi Hills is a neighborhood of attractive and traditional homes. Most are two stories and ranchers and almost all have brick fronts and vinyl siding sides. Age-wise, they range from about 3-13 years old.

© 2008 Robert Stockdale Photography, All Rights Reserved.

One great perk of living in Sterchi Hills is the community swimming pool, which is open to homeowners and their guests. The neighborhood website has more details on pool use as well as info on neighborhood regulations and community activities.

© 2008 Robert Stockdale Photography, All Rights Reserved.

Sterchi Hills is easily accesible via I-75, Emory Road and Maynardville Highway/Broadway. Depending on traffic, it’s about a 20-25 commute into downtown Knoxville.

So if you’re looking for an affordable newer community with its own swimming pool  that is off the beaten path but still within easy commuting distance of Knoxville, Sterchi Hills might be for you.

© 2008 Robert Stockdale Photography, All Rights Reserved.

Thanks to AAKT’s resident photographer, Robert Stockdale for these super shots of Sterchi Hills. To learn more about Robert and his work, visit his website.

Here’s Sterchi Hills by the numbers-

Sterchi Hills*

Current On-Market Listings - 15
Average Asking Price: $241,500
Median Asking Price: $229,900
Average Square Footage: 2523

Most Expensive: $329,900 (4 BR, 2.5  BA, 3000+ sq ft built in ‘04)
Least Expensive: $189,900 (3 BR, 2.5 BA, 2100+ sq ft built in ‘94)

Middle of the Road: $229,900 (3 BR, 2.5 BA, 2200 sq ft, built in ‘01)

Current Pending Sales -2
Average Asking Price: $207,450
Median Asking Price: NA

Closed Sales - 1st Quarter 2009 - 5
Average Sales Price - $194,460
Median Sales Price - $196,000
Average Days on Market - 113

Closed Sales - 1st Quarter 2008 - 5
Average Sales Price - $239,580
Median Sales Price - $229,900
Average Days on Market - 98

*Data taken from KAARMLS on 06/15/09 does not include adjacent subdivisions, condos, PUDS, or multi-family units.

As always, if you want any more information about any of these properties, or if you’d like to check one of them out in person, just give me a shout.

If you would like to receive a full list of properties for sale in this neighborhood, or if you would like to be notified of new listings, send me an email with either “Current Sterchi Hills Listings” or “New Sterchi Hills Listings” in the subject line and I’ll take care of the rest. Spammers are bad, bad people.

Know a great neighborhood you think has NOTW potential? Let me know about it and you might just see it featured here in the coming weeks.

The weekly poll is now running on solar power. Let’s hope it doesn’t rain.

This week’s question has to do with your home and what you have - or haven’t - done to make it more energy efficient. Most people I know have switched to compact fluorescent light bulbs and I know several people who’ve gone a step further and replaced old appliances with more energy efficient models. But that’s just small potatoes compared to all the things that can be done - and the money that can be spent - in the name of energy efficiency. I’m talking adding extra insulation, caulking windows,  installing attic ventilation, switching to a tankless water heater and even adding solar panels.

So what about you?  What kinds of steps- if any - have you taken to make your home more energy efficient? Have you gone the low cost/low effort route or gone for broke by making some major changes? Or maybe you’re somewhere right in between? Cast your vote and let me know.

Save yourself the energy of looking for  the latest news on the Knoxville real estate market - just subscribe to All Around KTown in a feed reader or by email today!

photo credit: Erica_Marshall