What’s happenin’, Watchers? In this week’s edition of Foreclosure Watch, active foreclosure listings continue what is starting to seem like a never ending climb, pending listings remain the same, and closings are (thankfully) back up in the double digits. Hey, any good news is good by me.

In new listing news, 37914 was the clear frontrunner with 6 – yes 6 – new foreclosure listings. Other zips with more than one new listing included 37849, 37917, 37918 and 37924. 37914 and 37918 are currently tied for first place with 8 each.

Out of 10 closed foreclosure listings, 3 were in 37921, and there was 1 each in 37849, 37909, 37912, 37914, 37917, 37918 and 37924.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 1/14/08 *

Current On-Market Listings - 207
Average Asking Price: $134,603
Median Asking Price: $99,500
Most Expensive New Listing: $399,900 (3 BR, 3 BA, 4400+ sq ft off of Concord in West Knox)
Least Expensive New Listing: $24,900 (2 BR, 1 BA, 700+ sq ft in East Knoxville)

Notable New Listings:
North: $99,900 (3 BR, 2 BA, 1600+ sq ft on 2+ acres in Powell)
South: $69,900 (2 BR, 2 BA, 1100+ sq ft in Lake Forest)
East: $43,900 (3 BR, 1.5 BA, 1400+ sq ft on Holston Drive)
West: $120,000 (5 BR, 2 BA, 2400+ sq ft off Northshore)

*This is a pre-foreclosure or “short” sale.

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Current Pending Sales -97
Average Asking Price – $89,937
Median Asking Price – $74,900

Closed Sales January 7, 2008 – January 13, 2009 - 10
Average Asking Price – $78,590
Average Sales Price – $73,030
Median Sales Price – $76,400
Average Days on Market – 68

*Data taken from KAARMLS on 1/14/09 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. No matter how bad the market gets, I promise I’ll never spam you.

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