Knoxville Foreclosure Watch 10/29/08
Happy Halloween Watchers! In this week’s installment of Foreclosure Watch, active listings, pendings and closings are all slightly up for the second week in a row. So is that a trick or a treat?
In new listing news, 37918 blew away the competition with 5, but it’s still nowhere close to 37914 and 37917 for first place. Other zips with more than one new listing included 37912, 37920, 37921, and 37923.
There were 9 closed foreclosure listings this past week, two of which were in Powell (37849). Go figure. The only other zip with more than one closing was 37921. 37915, 37917, 37918 and 37920 all had one each. And it looks like 37917 isn’t just at the head of the pack for new listings, it’s also had the most closings since I started keeping count in September.
Now for the breakdown:
Knox County Foreclosure Property Statistics as of 10/29/08 *
Current On-Market Listings - 178
Average Asking Price: $140,900
Median Asking Price: $99,950
Most Expensive New Listing: $349,900 (4 BR, 4 1/2 BA, 5400+ sq ft home in Walnut Grove in Farragut)
Least Expensive New Listing: $39,900 (3 BR, 1 BA, 900+ sq ft home in Fountain City)
Notable New Listings:
North: $155,500 (4 BR, 3 BA, 3100+ sq ft in Beverly Acres in Fountain City)
South: $69,900 (3 BR, 1 BA, 1000+ sq ft on Tipton Station)
East: No new east listings!
West: $279,900 (5 BR, 4 1/2 BA, 4700+ sq ft in Village Green)
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Current Pending Sales -106
Average Asking Price – $87,097
Median Asking Price – $70,200
Closed Sales October 22, 2008-October 28, 2008 - 9
Average Asking Price – $87,344
Average Sales Price – $83,824
Median Sales Price – $75,000
Average Days on Market -59
*Data taken from KAARMLS on 10/29/08 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 is wack, yo.
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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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