Knoxville Foreclosure Watch 12/03/08

What’s up Watchers? This week on Foreclosure Watch active, pending, and closed foreclosures are all down from last week.  And that’s not necessarily a bad thing, especially since active listings had been on a slow, but steady climb for several weeks.

There were only 13 new listings and those were fairly evenly distributed among 10 zips. 37909, 37917 and 37918 had two each, while 3849, 37871, 37912,37914, 37920, 37921, and 37932 had one each.  37914 is currently barely beating out 37917 for most new foreclosure listings with 63 since July.

There were 8 closed foreclosures – 2 each in 37849 and 37921, and 1 each in 37721, 37917, 37922, and 37931. 37921 joined the double digit club with 10 closed listings since I started keeping count in Sept and 37917 still seems to be everyone’s favorite foreclosure buying spot with 15 closed listings so far.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 12/03/08 *

Current On-Market Listings - 182
Average Asking Price: $142,519
Median Asking Price: $103,300
Most Expensive New Listing: $182,500 (3 BR, 2 BA, 1800+ sq ft in Fountain City)
Least Expensive New Listing: $69,900 (3 BR, 2 BA, 1600+ sq ft Victorian in North Knox)

Notable New Listings:
North: $154,900 (3 BR, 2 1/2 BA, 1700+ sq ft in Powell)
South: $79,900 (3 BR, 2 BA 1100+ sq ft off of Sevierville Pike)
East: $79,250 (3 BR, 2 BA, 1900+ sq ft in Holston Hills area)
West: $113,900 (3 BR, 2 BA, 1700+ sq ft in West Hils Park)

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Current Pending Sales -113
Average Asking Price – $92,220
Median Asking Price – $74,900

Closed Sales November 26, 2008-December 02, 2008 - 8
Average Asking Price – $124,625
Average Sales Price – $119,669
Median Sales Price – $124,675
Average Days on Market -51

*Data taken from KAARMLS on 12/03/08 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. I like green eggs and ham, not green eggs and spam.

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Tags: Foreclosures, Knoxville Foreclosure Watch

Author: Suzy

Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.