Knoxville Foreclosure Watch

Greetings and salutations, Foreclosure Watchers. This week, active and pending listings are slightly down, sales are way up and the average and median sales price fell back down to where it was before making its huge spike a few weeks ago.

There were 19 new listings this week and 37924 made its way onto the chart for the very first time. I also noticed that 5 zips now have the dubious distinction of having double digit new listings since I started keeping track in mid July – 37912, 37914, 37917, 37918, and 37921.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 8/20/08 *

Current On-Market Listings - 151
Average Asking Price: $135,188
Median Asking Price: $90,000
Most Expensive New Listing: $189,900 (6 BR, 2 1/2 BA, 2500+ sq ft in Cambridge in W Knox)
Least Expensive New Listing: $18,000 (2 BR, 1 BA, 800+ sq ft in need of extensive repairs in Powell)

Notable New Listings:
North: $90,000 (2 BR, 2 BA, 1000+ sq ft in North Hills)
South: $93,900 (3 BR, 2 BA, 1100+ sq ft off of Maryville Pike)
East: $27,500 (3 BR, 1 BA, 1000+ off of Asheville Hwy)
West: $130,000 (3 BR, 2 BA, 1200+ sq ft in Karns)

Current Pending Sales -107
Average Asking Price – $94,005
Median Asking Price – $74,900

Closed Sales August 12, 2008-August 19, 2008 - 15
Average Asking Price – $87,993
Average Sales Price – $76,640
Median Sales Price – $72,000
Average Days on Market -46

*Data taken from KAARMLS on 8/20/08 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. Not to worry, I hate spam as much as you do.

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Tags: east, foreclosure, Knoxville, north, south, west

Author: Suzy

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