Knoxville Foreclosure Watch 1/28/2008
Aloha, Watchers. This week’s edition of Foreclosure Watch brings more good news, as active listings are down for the second week in a row, pendings are up, and closings are just about holding steady. See, not all real estate news is bad news.
In new listing news, there were 27 new listings last week with 3 each in 37914, 37918, 37920, 37921 and 37931 and 2 each in 37917 and 37922. 37914 is still in the lead for 2009 with 14 new listings.
There were 9 closed foreclosure listings last week, with 3 in 37917, 2 in 37914 and 1 each in 37918, 37921, 27922, and 37938. So far 37917 is your favorite spot for buying foreclosures in 2009.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 1/28/08 *
Current On-Market Listings - 191
Average Asking Price: $132,240
Median Asking Price: $95,000
Most Expensive New Listing: $235,000 (5 BR, 3.5 BA, 2500+ sq ft in Farragut)
Least Expensive New Listing: $19,900 (2 BR, 1 BA, 900+ sq ft off Magnolia)
Notable New Listings:
North: $77,825 (2 BR, 1 BA, 2000+ sq ft in Villa Gardens)
South: $64,900 (3 BR, 2 BA, 1300+ sq ft off Maryville Pike)
East: $108,545 (3 BR, 2 BA, 1300+ sq ft on 1+ acre in Mascot)
West: $109,900 (3 BR, 2 BA, 1200+ sq ft in Willow Bend)
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Current Pending Sales -119
Average Asking Price – $102,494
Median Asking Price – $80,000
Closed Sales January 21, 2008 – January 27, 2009 - 9
Average Asking Price – $103,722
Average Sales Price – $95,417
Median Sales Price – $48,500
Average Days on Market – 71
*Data taken from KAARMLS on 1/28/09 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. I swear I ain’t no spammer.
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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