It’s that magical time of the week again, Foreclosure Watch time. This week pending listings are slightly up, while on-market listings are slightly down and closed sales are all the way down in the single digits.

In new listing news, there were only 11 new foreclosure listings this week and 3 of them came from zip code 37917. By my liberal arts major math, that’s almost 30%. Ouch.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 8/27/08 *

Current On-Market Listings - 142
Average Asking Price: $142,559
Median Asking Price: $92,500
Most Expensive New Listing: $669,000 (4 BR, 4 1/2 BA, 4000+ sq ft in Fox Creek in West Knox)
Least Expensive New Listing: $34,000 (2 BR, 1 BA, 1200+ sq ft in East Knox)

Notable New Listings:
North: $135,900 (3 BR, 2 BA, 3400 sq ft on Buffat Mill)
South: $89,500 (4 BR, 1 1/2 BA, 1400+ sq ft in Lake Forest)
East: The “least expenisive” new listing was the only new East Knox listing!
West: $269,900 (5 BR, 3 1/2 BA, 3600+ sq ft in West Hampton)
Current Pending Sales -115
Average Asking Price - $93,485
Median Asking Price - $74,900

Closed Sales August 20, 2008-August 26, 2008 - 4
Average Asking Price - $93,825
Average Sales Price - $93,925
Median Sales Price - $90,500
Average Days on Market -57

*Data taken from KAARMLS on 8/27/08 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.

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