Knoxville Foreclosure Watch 11/26/08
Gobble, gobble, Watchers and welcome to the Thanksgiving edition of Foreclosure Watch. Since Thanksgiving is as much about giving thanks as it is about filling your belly with turkey, I’d like to take a moment before I get down to business to thank all of you who stop by each and every week to help me keep an eye on these bank owned properties. Seriously, you guys are the best!
Now let’s talk turkey. This week active listings continue what seems like their ever upward climb, while pendings are slightly down and closings are up by one.
In new listing news, 37918 was the winner this week with 4 new ones. Zips with more than one new lising included 37721, 37849, 37912, 37920 and 37921. 37914 is still the new foreclosure champ with 62 so far since July, but 37917 is breathing down its neck with 60.
There were 10 closed foreclosure listings last week with 2 each in 37917 and 37931 and 1 each in 37912, 37914, 37918, 37919, 37931, and 37938.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 11/26/08 *
Current On-Market Listings - 189
Average Asking Price: $138,611
Median Asking Price: $99,900
Most Expensive New Listing: $439,900 (5 BR, 3 1/2 BA, 4100+ sq ft in Wellsley Park)
Least Expensive New Listing: $25,000 (3 BR, 1 BA, 1200+ sq ft in South Knox)
Notable New Listings:
North: $153,900 (3 BR, 2 1/2 BA, 2000+ sq ft in Halls)
South: $98,900 (3 BR, 1 1/2 BA, 1100+ sq ft in Lake Forest)
East: $104,500 (3 BR, 2 BA, 1500+ sq ft in Carter)
West: $179,900 (5 BR, 3 BA, 2500+ sq ft in Karns)
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Current Pending Sales -116
Average Asking Price – $93,752
Median Asking Price – $74,900
Closed Sales November 19, 2008-November 25, 2008 - 10
Average Asking Price – $108,880
Average Sales Price – $104,115
Median Sales Price – $96,500
Average Days on Market -75
*Data taken from KAARMLS on 11/26/08 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. There’s no spam served at my Thanksgiving table.
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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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