Knoxville Foreclosure Watch 2/4/2008

Hope you’re staying warm out there, Watchers! In this week’s edition of Foreclosure Watch, active listings are down yet again, pendings are slightly down, and closings are up. Well, last week was the end of the month and all.

There were 22 new listings last week and 8 of them were in 37917. Yeah, that’s a lot. That brings 37917 into first place for new foreclosure listings for 2009 with 18 so far. The only other zips with more than one new listing were 37918, 37920, and 37921 with 2 each.

There were 13 closed foreclosure listings last week, with 3 in 37921, 2 each in 37918 and 37920 and 1 each in 37912, 37914, 27917, 37923, 37931 and 37932. 37921 beat out 37917 this week for most closed foreclosures in 2009 with 7 so far.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 2/4/08 *

Current On-Market Listings - 188
Average Asking Price: $131,769
Median Asking Price: $93,950
Most Expensive New Listing: $143,000 (3 BR, 2 BA, 1700+ sq ft in Corryton)
Least Expensive New Listing: $19,900 (2 BR, 1 BA, 900+ sq ft off Broadway)

Notable New Listings:

North: $119,900 (3 BR, 2.5 BA, 2000+ sq ft in Fountain City)

South: $99,900 (3 BR, 2.5 BA, 1200+ sq ft off Chapman Hwy)

East: $69,000 (3 BR, 1 BA, 1200+ sq ft off Riverside Dr)

West: $95,900 (3 BR, 2 BA, 1100+ sq ft off Western Ave.)

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Current Pending Sales -116
Average Asking Price – $102,828
Median Asking Price – $89,900

Closed Sales January 28, 9- February 3, 2009 - 13
Average Asking Price – $101,661
Average Sales Price – $96,239
Median Sales Price – $65,000
Average Days on Market – 74

*Data taken from KAARMLS on 2/4/09 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 won’t spam you if you won’t spam me.

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!

Tags: Foreclosures, Knoxville Foreclosure Watch

Author: Suzy

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