Ok, so you know the drill – another week, another episode of Foreclosure Watch. This week active, pending and closed foreclosures listings were all slightly up. I for one, am fine with no massive movement in either direction, considering all the other financial hub-bub going on in the world right now.

In new listing news, not only did 37914 had the most with 3, it actually tied 37917 for the most new listings since I started keeping count in mid July.  Other zips with more than one new listing included 37806, 37849 (not in the double digit club with 11), 37912, 37918, and 37920. And again, no new listings for 37917. If this keeps up, we could very well have a new zip in first place by next week.

Out of seven closed listings, two were in 37918 and there was one each in in 37914, 37917, 37920, 37921, and 37924.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 10/22/08 *

Current On-Market Listings - 173
Average Asking Price: $136,961
Median Asking Price: $95,000
Most Expensive New Listing: $429,900 (5 BR, 4 BA, 4600+ sq ft in Wexford at Lake Loudon)
Least Expensive New Listing: $18,400 (3 BR, 2 BA, approx 1200 sq ft off of Asheville Highway)

Notable New Listings:
North: $106,000 (3 BR, 2 BA, approx 1800 sq ft in Fountain City)
South: $99,90 (4 BR, 1 1/2 BA, 2100+ sq ft on Woodlawn Pike)
East: $255,900 (5 BR, 3 BA, 2400+ sq ft on 15+ acres in Mascot)
West: $109,900 (3 BR, 1 BA, 1100+ sq ft on Dutchtown Road)

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Current Pending Sales -99
Average Asking Price – $88,462
Median Asking Price – $74,900

Closed Sales October 15, 2008-October 21, 2008 - 7
Average Asking Price – $62,777
Average Sales Price – $68,486
Median Sales Price – $40,000
Average Days on Market -61

*Data taken from KAARMLS on 10/22/08 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. Spam? What spam?

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