Howdy Ho, Watchers! This week on Foreclosure Watch, active listings were down while pending and closed listings were both up.  Have the investors finally come out to play in this buyer’s market? Only time will tell.

In new listing news, there were 26 new listings last week. 37914 led the pack with 5 new listings, while 37917 and 37921 tied for second place with 4 each. Other zips with more than one new listing last week – 37918, 37922, and 37938. And, of course, 37917 is still the king of new foreclosure listings in 2009 with 32 so far.

There were 12 closed foreclosure listings last week with 2 each in 37914 and 37917. 37917 is winning in this category as well, with 10 closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 2/25/08 *

Current On-Market Listings - 184
Average Asking Price: $114,962
Median Asking Price: $81,200
Most Expensive New Listing: $199,900 (5 BR, 3 BA, 3800+ sq ft on 15+ acres in Mascot)
Least Expensive New Listing: $18,500 (2 BR, 1 BA, 500+ sq ft off Western Ave)

Notable New Listings:

North: $99,900 (3 BR, 1 BA, 1000+ sq ft in Fountain City)

South: No new south listings!

East: $49,900 (5 BR, 2 BA, 2000+ sq ft off Magnolia)

West: $135,000 (3 BR, 2.5 BA, 1900 sq ft in Lakeshire)

Downtown: $75,000 (4 BR, 1 BA, 1700+ sq ft in Mechanicsville)

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Current Pending Sales -124
Average Asking Price – $100,568
Median Asking Price – $79,900

Closed Sales February 18, 2009- February 24, 2009 - 12
Average Asking Price – $119,383
Average Sales Price – $117,531
Median Sales Price – $136,750
Average Days on Market – 75

*Data taken from KAARMLS on 2/25/09 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 is so 2008.

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 south down Alcoa Highway to revisit one of my personal favorite Knoxville ‘hoods: Lakemoor Hills.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

Just a few miles south of campus off of Alcoa Highway, Lakemoor Hills is sometimes  referred to as  “South Sequoyah” due to its location across the river from Sequoyah Hills.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

With over 250 homes, many with lake frontage, lake views, or ample acreage, Lakemoor Hills is definitely a nice place to call home. Most of the homes in the neighborhood were built in the 60s and 70s and include ranchers as well as many contemporary multi-levels, including some Barber McMurray designed homes.

There are also some newer construction homes, most notably on lots with river frontage.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

So if you’re looking for something convenient to downtown, UT and Bearden that has beautiful scenery and plenty of room to breathe, Lakemoor Hills might just have it.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

Here’s Lakemoor Hills by the numbers -

Lakemoor Hills*

Current On-Market Listings – 5
Average Asking Price: $444,920
Median Asking Price: $269,900
Average Square Footage: 3384
Most Expensive Listing: $899,900 (3 BR, 2.5 BA, 3700+ sq ft Barber/McMurray designed home on 1.7+ acres)
Least Expensive Listing: $209,900 (3 BR, 2 BA, 2400+ sq ft foreclosure)

Middle of the Road: $585,000 (4 BR, 3 BA, 4500+ sq ft on 1.9 acres)

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

Closed Sales – 4th Quarter 2007 – 1
List  Price – $575,000
Sales Price – $585,000
Days on Market – 58

Closed Sales – 4th Quarter 2008 – 0
Average Sales Price – NA
Median Sales Price – NA
Average Days on Market – NA

*Data taken from KAARMLS on 2/23/08 for Lakemoor Hills proper, and does not include adjacent subdivisions, condos or PUDS.

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 Lakemoor Hills Listings” or “New Lakemoor Hills Listings” in the subject line and I’ll take care of the rest. And no, I won’t spam you.

Do you live in a great Knoxville neighborhood you’d like to share with the world? Tell me about it and you might just see it featured here one day soon.

The weekly poll is ready for your voting pleasure. Don’t leave it hangin’.

This week’s poll question has to do with something people in my line of work are talking a lot about these days: the $8,000 Home Buyer Tax Credit that was a part of the American Recovery and Reinvestment Act of 2009.

Even though the tax credit may be a little hard to understand, it looks like it could be a very good thing for first-time buyers and for local real estate.  But what do you think about the credit? Will it jump start the housing market by  encouraging potential  home buyers to make a move, or is it just a nice perk for those already in the market to buy? Cast your vote and let me know.

While I may not be able to give you a tax credit, I can always give you all the latest news on the Knoxville real estate market -  Just subscribe to All Around KTown by RSS or email today!

photo credit: The Joy Of The Mundane

Being busy in my line of work is a good thing – a very, very good thing – but it also means that sometimes things completely slip my mind. Things like blogging about the Knoxville Home Sales Report, for example. Whoops.

So, without further ado, here’s the skinny on Knoxville area home sales in January, broken down for you , as always, AAKT style. Enjoy!

And yes, there’s actually some good news this month -

Median sales price for 4+ BR homes is up.
Jan ‘08 – $218,000
Jan ‘09 – $227,50

Average condo sales price is (slightly) up.
Jan ‘08 – $173,300
Jan ‘09 – $175,900

And, of course, there’s the not-so-good news -

Average sales price for 2 or less BR homes is down.
Jan ‘08 – $86,400
Jan ‘09 – $76,100

Median sales price for 2 or less BR homes is (slightly) down.
Jan ‘08 – $66,000
Jan ‘09 – $64,000

Conventional loans were once again way down…
Jan ‘08 – 531
Jan ‘09 – 253

Happy Hump Day, Watchers! In this edition of Foreclosure Watch,  active listings finally broke their encouraging downward trend, proving yet again that all good things must come to an end. Pending listings were down as well, but closed listings were actually up. Yay, closed listings!

There were 21 new listings last week with the most in one zip code being – of course – in 37917, which had 4. That little zip is still in the lead with most new foreclosure listings this year with a grand total of 28. The only other zips with more than one new listing were 37914, 37915, 37918, 37921 and 37923.

We had 10 closed foreclosure listings last week and 37917 and 37921 are still tied for most closed foreclosure listings in 2009 with 8 each.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 2/18/08 *

Current On-Market Listings - 191
Average Asking Price: $122,465
Median Asking Price: $84,900
Most Expensive New Listing: $209,900 (3 BR, 2 BA, 2400+ sq ft in Lakemoor Hills)
Least Expensive New Listing: $13,900 (2 BR, 1 BA, 900+ sq ft off Western Ave)

Notable New Listings:

North: $79,900 (3 BR, 1.5 BA, 1200+ sq ft in Powell)

South: This week’s most expensive listing was also the only new south listing!

East: $44,900 (3 BR, 1 BA, 1400+ sq ft in Sunset Ridge)

West: $139,900 (4 BR, 2.5 BA, 2000+ sq ft in off Robinson Rd.)

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Current Pending Sales -115
Average Asking Price – $105,298
Median Asking Price – $84,000

Closed Sales February 11, 2009- February 17, 2009 - 10
Average Asking Price – $116,270
Average Sales Price – $113,225
Median Sales Price – $116,750
Average Days on Market – 75

*Data taken from KAARMLS on 2/18/09 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. I don’t put Spam on my sandwiches and I certainly won’t put any in your inbox.

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 is stays in West Knoxville to take a look at a groovy little neighborhood with big homes and big lots: Sevenoaks. And yes, according to the tax records, Sevenoaks is, indeed, all one word.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

Located just across Kingston Pike from the Windsor Square shopping center – you know the one with the $2 dollar movie theater? -  Sevenoaks is a  neighborhood of mostly 60s and 70s era homes situated on nice, big lots.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

Homes in Sevenoaks tend to be on the large side and most are either traditional or slightly contemporary in style. There are plenty of two stories, ranchers, and split levels in the neighborhood.

Location wise, Seven Oaks is in a pretty sweet spot, sitting in between the Cedar Bluff and Lovell Rd exits of 1-40 and just moments to Kingston Pike and plenty of shopping.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

So if you’re looking for something out west with plenty of room to stretch out in that is convenient to both Turkey Creek and West Town shopping, you might take a closer look at Sevenoaks.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

Thanks to AAKT resident Robert Stockdale. Without him, NOTW would just be a bunch of boring words. You can check out Robert’s other work here.

Here’s Sevenoaks by the numbers -

Sevenoaks*

Current On-Market Listings – 3
Average Asking Price – $278,233
Median Asking Price – $239,900
Average Square Footage – 2734

Most Expensive:$369,900 (4 BR, 2 full bath, 2 half bath, 3700 sq ft two story)

Least Expensive: $224,900 (3 BR, 2.5 BA, 2300+ sq ft basement ranch)

Middle of the Road: $239,900 (4 BR, 2.5 BA, 2100+ sq ft ranch)

Current Pending Sales - 1
Asking Price: $249,900
Details: 3 BR, 3 BA, 2700+ sq ft split foyer

Closed Sales – 4th Quarter 2007 - 3
Average Asking Price – $335,233
Average Sales Price – $314,667
Median Sales Price – $372,500
Average Days on Market – 60

Closed Sales – 4th Quarter 2008- 0
Asking Price – NA
Average Sales Price – NA
Median Sales Price – NA
Days on Market -NA

*Data taken from KAARMLS on 2/16/09 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 Sevenoaks Listings” or “New Sevenoaks Listings” in the subject line and I’ll take care of the rest.  I’m a Realtor, not a spammer.

Do you live in a great Knoxville neighborhood you’d like to share with the world? Tell me about it and you might just see it featured here one day soon.

The weekly poll is up and ready for your voting pleasure. And no, it’s not in danger of being foreclosed on.

This week’s poll question has to do with something I get asked about a lot:  foreclosures. You hear about them a lot on the news and folks are definitely worried about them everywhere you turn.  And Knoxille certainly hasn’t escaped unscathed from the nation’s foreclosure crisis: Knoxville foreclosure filings were up over 95% in 2008 from 2007. Youch.

So, I’m curious -  how many of your neighborhoods have been affected by this recent wave of foreclosures? Are there any current or recently foreclosed properties in your neighborhood or has your community managed to remain foreclosure free for the time being? Cast your vote and let me know.

I may not be able to keep you from worrying about foreclosures in your neighborhood, but I can make sure you never have to worry about where to get the latest news on the Knoxille real estate market.   Subscribe to All Around KTown by RSS or email today!

photo credit: hackshaven

Courtesy of the National Association of Realtors – yes, I always knew they were good for something- we finally have the details of the new home buyer tax credit from the recently passed  stimulus bill, or the “American Recovery and Reinvestment Act of 2009″ as it is now officially called.  According to the NAR:

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser’s income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

There is also a PDF file on the site with a table highlighting the differences between the old $7,500 tax credit and the new one.

Today, it’s been exactly one year since I posted the very first post to All Around KTown, and wow, what an amazing year it’s been.

Thank you, thank you, thank you to all of the incredible people who helped spread the word about this little real estate  blog and who helped along the way. I wouldn’t be here without you!

I’m also thankful for all of the absolutely wonderful people I met this year through this blog and on  Twitter who have changed my life for the better in too many ways to count.  Have I said it’s been an amazing year?

And thanks to all of my awesome clients who I met online this year. You guys are the best!

Here’s to another great year in KTown!

photo credit: tracyhunter

Happy wild and windy Wednesday, Watchers! In this week’s edition of Foreclosure Watch, active listings continue their downward trend, pendings are up a good bit, and closed listings are about half what they were last week. I’m curious to see how long those actives continue going down and how far down they’ll go. But I suppose only time will tell…

There were 25 new listings last week and once again, a large number of them – 6 to be exact – were in 37917. What is up with that zip? As you might guess, it’s still in the lead with most new foreclosure listings this year with a grand total of 24. The only other zips with more than one new listing were 37912, 37914, 37920 and 37921.

There were 7 closed foreclosure listings last week, with one each in 37912, 37917, 37918, 37920, 37923, 37924, and 37931. 37917 and 37921 are tied for first place with 7 closed foreclosures each so far this year. Again, I ask, what is up with 37917?

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 2/11/08 *

Current On-Market Listings - 185
Average Asking Price: $121,972
Median Asking Price: $79,900
Most Expensive New Listing: $315,000 (3 BR, 2.5 BA, 3200+ sq ft unfinished town home in Farragut)
Least Expensive New Listing: $19,900 (3 BR, 2 BA, 1900+ sq ft off Edgewood in North Knox)

Notable New Listings:

North: $148,900 (4 BR, 2 BA, 2500+ sq ft in Broad Acres)

South: $49,900 (2 BR, 1 BA, 800+ sq ft off Tipton Station)

East: $69,900 (4 BR, 2 BA, 1700 sq ft off Rutledge Pike)

West: $105,000 (3 BR, 2 BA, 1700+ sq ft in West Hills Park)

dklj;lskj;dlk

Current Pending Sales -123
Average Asking Price – $105,950
Median Asking Price – $134,900

Closed Sales February 4, 2009- February 10, 2009 - 7
Average Asking Price – $120,329
Average Sales Price – $111,829
Median Sales Price – $110,000
Average Days on Market – 46

*Data taken from KAARMLS on 2/11/09 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? What spam?

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!