‘Sup, Watchers? In this week’s edition of Foreclosure Watch, active and pending listings stayed at exactly the same number as last week, and closings doubled.

In new listing news, 37917 once again had the most new listings with 5, and is still way in the lead. Other zips that contributed more than one new listings this week were 37914, 37920 and 37921. Meanwhile, 37721 had its first listing since I started keeping count and 37922 joined the double digit club with 10 new listings so far.

In closed listing news, 37914 was the winner with 3 closings, while 37917 came in 2nd with 2. Is it any coincidence that the two zips with the highest number of new foreclosure listings are also the two zips that have had the most closed sales in the last two weeks? I’m just sayin’.

In totally unrelated statistical anomaly news, 5 of this week’s 10 closed listings were on the market for exactly 8 days. Weird, right?

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 9/17/08 *

Current On-Market Listings - 158
Average Asking Price: $131,248
Median Asking Price: $91,950
Most Expensive New Listing: $284,900 (4 BR, 2 1/2 BA, 3000+ sq ft in Cobble Stone Park)
Least Expensive New Listing: $19,900 (5 BR, 5 BA, 1700+ sq ft on E. 5th Ave in need of total rehab)

Notable New Listings:
North: $107,900 (3 BR, 2 BA, 1400+ sq ft in Cedar Chase in Halls)
South: $113,900 (3 BR, 2 1/2 BA, 2000+ sq ft in Arrowhead)
East: $57,900 (3 BR, 1 1/2 BA, 1400+ sq ft in Holston Hills)
West: $109,900 (2 BR, 1 BA, 900+ sq ft in Devanshire off of Lovell Rd.)

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Current Pending Sales -109
Average Asking Price - $96,182
Median Asking Price - $72,500

Closed Sales September 03, 2008-September 09, 2008 - 10
Average Asking Price - $65,455
Average Sales Price - $59,840
Median Sales Price - $47,450
Average Days on Market -24

*Data taken from KAARMLS on 9/17/08 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. I’m a Realtor, not a spammer.

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