Welcome Back Watchers. This week on Foreclosure Watch, active listings went down for the first time in weeks, pendings finally went up, and closings went up by one. Interesting for a week of total global financial turmoil, no?

In new listing news, 37912 and 37914 had the most with 3 each. Other zips with more than one new listing included 37918, 37920, and 37921. No new listings in 37917 for the first time in a long time.

There were only five closed listings, one in 37918 and two each in 37917 and 37920.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 10/15/08 *

Current On-Market Listings - 171
Average Asking Price: $133,770
Median Asking Price: $95,000
Most Expensive New Listing: $449,000 (5 BR, 4 1/2 BA, 5400+ sq ft in Wentworth in Farragut)
Least Expensive New Listing: $24,900 (2 BR, 1 BA, 700+ sq ft in East Knoxville off of Magnolia)

Notable New Listings:
North: $149,900 (3 BR, 2 BA, 1700+ sq ft in Emory Estates in Halls)
South: $120,000 (3 BR, 1 1/2 BA, 1100+ sq ft on Sevierville Pike)
East: $68,000 (updated 3 BR, 2 BA, 1800+ sq ft off of MLK)
West: $342,000 (4 BR, 3 BA, 3100+ sq ft in Concord Hills)

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Current Pending Sales -98
Average Asking Price – $88,166
Median Asking Price – $60,900

Closed Sales October 08, 2008-October 14, 2008 - 5
Average Asking Price – $56,320
Average Sales Price – $53,322
Median Sales Price – $31,000
Average Days on Market -49

*Data taken from KAARMLS on 10/15/08 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. Yo no hablo Spam-O.

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