Knoxville Foreclosure Watch 1/21/09
Well, hey there, Watchers. In this week’s edition of Foreclosure Watch, active foreclosure listings finally reversed their weeks long climb and dipped back down below 200, while listings were slightly up and closings remained the same. And yes, those are all good things.
There were 22 new listings this past week wtih 3 each in 37914, 37917, and 37920 an 2 each in 37912 an 37922. 37914 is in the lead so far in 2009 with 11 new listings.
Out of 10 closed foreclosure listings last week 3 were in 37912 and there was one each in 37806, 37914, 37915, 37917, 37918, 37922, an 37931.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 1/21/08 *
Current On-Market Listings - 199
Average Asking Price: $130,743
Median Asking Price: $93,900
Most Expensive New Listing: $250,000 (5 BR, 3.5 BA, 3400+ sq ft off of Choto)
Least Expensive New Listing: $20,240 (3 BR, 1 BA, 1000+ sq ft off Asheville Hwy)
Notable New Listings:
North: $59,900 (3 BR, 2 BA, 1600+ sq ft on Old Central Pike)
South: $64,900 (2 BR, 1 BA, 900+ sq ft off Woodlawn)
East: $27,000 (2 BR, 1 BA, 1300+ sq ft in Fairgarden)
West: $249,900 (4 BR, 2.5 BA, 2800 sq ft off Wrights Ferry Landing)*
*This is a pre-foreclosure or “short” sale.
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Current Pending Sales -101
Average Asking Price – $99,202
Median Asking Price – $38,900
Closed Sales January 14, 2008 – January 20, 2009 - 10
Average Asking Price – $72,640
Average Sales Price – $70,193
Median Sales Price – $60,000
Average Days on Market – 53
*Data taken from KAARMLS on 1/21/09 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. Spam is so 2008.
Why take the chance of ever missing out on Foreclosure Watch? Make sure you get all your foreclosure goodness every week by subscribing to All Around K-Town today, either by RSS or email!
Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
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