Knoxville Foreclosure Watch 03/11/09
Wassup, Watchers? In this week’s installment of Knoxville Foreclosure Watch, active and pending listings were up slightly, while closed listings were back down in the normal range after last week’s sudden spike. In other words, it’s more or less business as usual.
In new listing news, there were 30 new listings last week with 37917 , 37918 & 37921 tying for first place with 4 each. 37917 is still in the lead for the year with 40 so far. Other zips with more than one new listing last included 37909, 37912, 37914, 37920, 37922, and 37934. Yeah, Farragut’s got foreclosures, too.
37918 had the most closed foreclosure listing with 3 last week. 37917 also remains in the lead in that category with 14 closed listings so far this year.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 3/11/09 *
Current On-Market Listings - 195
Average Asking Price: $125,942
Median Asking Price: $87,900
Most Expensive New Listing: $950,000 (5BR, 5 full bath, 2 half bath, 5000+ new construction in the Choto area)
Least Expensive New Listing: $18,500 (2 BR, 1 BA, 800+ sq ft in S. Knoxville)
Notable New Listings:
North: $84,900 (5 BR, 2 BA, 1700+ sq ft off Washington Pike)
South: $58,000 (2 BR, 1 BA, 700+ sq ft in South Doyle)
East: $90,000 (3 BR, 2 BA, 1300+ sq ft on 1+ acre in Carter)
West: $168,000 (4 BR, 2.5 BA, 3200+ sq ft off George Williams)
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Current Pending Sales -117
Average Asking Price – $98,197
Median Asking Price – $79,900
Closed Sales February 04, 2009- March 10, 2009 - 10
Average Asking Price – $115,410
Average Sales Price – $113,210
Median Sales Price – $90,550
Average Days on Market – 44
*Data taken from KAARMLS on 03/11/09 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. And no, I won’t use your email address for anything else, Scout’s honor.
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Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
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