Well, hey there Watchers. This week on Foreclosure Watch, active listings and closings are slightly down, while pendings are slightly up. In other words, not a whole lot of action, but that’s not necessarily a bad thing, right?

In new listing news, 37914 pulled into first place with a whopping 6 news listings. Sorry, 37917, maybe you can reclaim your crown next week.  Other zips with more than one new listing included 37721 and 37912.

Last week there were 7 closed foreclosure listings from 7 different zip codes: 37721, 37914, 37918, 37919, 37921, 37922, and 37938. For those of you keeping score at home, that’s the first time that 37721, 37919 and 37938 have had closings since I started keeping track in September.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 11/05/08 *

Current On-Market Listings - 175
Average Asking Price: $143,949
Median Asking Price: $99,900
Most Expensive New Listing: $139,900 (3 BR, 2 BA, 1400+ sq ft in Cedar Bluff area)
Least Expensive New Listing: $29,900 (3 BR, 1 BA, 1100+ sq ft in East Knoxville)

Notable New Listings:
North: $95,000 (3 BR, 2 BA, 1700+ sq ft Craftsman bungalow on Inskip)
South: $71,000 (2 BR, 1 BA, approx 1000 sq ft cottage off of E. Moody)
East: $80,000 (4 BR, 2 BA, 1800+ sq ft on approx 1.3 acres off of Asheville Hwy)
West: $99,000 (2 BR, 1 BA, 900+ sq ft in Karns)

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Current Pending Sales -111
Average Asking Price - $81,270
Median Asking Price - $70,000

Closed Sales October 29, 2008-November 04, 2008 - 7
Average Asking Price - $137,214
Average Sales Price - $122,161
Median Sales Price - $81,000
Average Days on Market - 50

*Data taken from KAARMLS on 11/05/08 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? No ma’am.

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