Knoxville Foreclosure Watch 12/10/08
Welcome back, Watchers. This week on Knoxville Foreclosure Watch, active listings stayed the same while pending and closed listings were both only ever so slightly up. In other words, no big whoop.
In new listing news, 37918 had the most with 4. Other zips with more than 1 new listing included 37914, 37918, and 37921, each with 3 each. 37914 still has the dubious honor of having the most new foreclosure listings since I started keeping count in July.
As for closed foreclosure listings, there were 9 in 9 separate zips: 37721, 37909, 37912, 37918, 37919, 37921, 37924, 37934, and 37938. 37917 is still Knoxville’s preferred place to get a foreclosure deal with 15 closed listings since September.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 12/10/08 *
Current On-Market Listings - 182
Average Asking Price: $140,302
Median Asking Price: $99,646
Most Expensive New Listing: $285,900 (5 BR, 4 BA, 3800+ sq ft in Deane Hill)
Least Expensive New Listing: $24,000 (2 BR, 1 BA, 1100+ sq ft off Asheville Hwy)
Notable New Listings:
North: $89,900 (3 BR, 2 BA, 1400+ sq ft off of Merchants)
South: $50,000 (2 BR, 1 BA, 1000+ sq ft off of Martin Mill Pike)
East: $39,900 (3 BR, 1 BA, 2200+ sq ft 109 yr old home on W Fifth Ave)
West: $89,900 (3 BR, 1 BA, 1000+ sq ft in Karns)
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Current Pending Sales -114
Average Asking Price – $89,337
Median Asking Price – $74,900
Closed Sales December 03, 2008-December 09, 2008 - 9
Average Asking Price – $192,917
Average Sales Price – $178,013
Median Sales Price – $143,000
Average Days on Market -63
*Data taken from KAARMLS on 12/10/08 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. Friends don’t let friends send spam.
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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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