Knoxville Foreclosure Watch: July 1, 2009
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)
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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!
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Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.