Knoxville Foreclosure Watch: April 1, 2009
Happy April Fools Day, Watchers! This week on Knoxville Foreclosure Watch, active foreclosure listings were up over 200 for only the 3rd time in FW history, pendings shot way down, and closings shot way up. Judging by the past few weeks of high pending listings, the high closed listings this week were no big suprise. And no, none of this is an April Fool’s joke.
For the first time in maybe forever 37920 had the most new listings with a whopping 7 this week. Other zips with more than one new listing last included 37914, 37917, 37921 and, 37932. Our old friend 37917 is still in first place with 51 new foreclosure listings so far this year.
In closed listing news, 37917 and 37921 tied for the most closed foreclosure listings this week with 3 each. 37914 and 37920 had two closed listings each and 37721, 37849, 37918, 37924, 37931, and 37932 had 3 each. 37918 is still holding onto first place with 17 closed foreclosure listings so far this year.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 4/01/09 *
Current On-Market Listings - 204
Average Asking Price: $122,512
Median Asking Price: $83,700
Most Expensive New Listing: $262,000 (4 BR, 2.5 BA, 2600+ sq ft in Hardin Valley)
Least Expensive New Listing: $15,000 (2 BR, 1 BA, 700+ sq ft off Baxter)
Notable New Listings:
North: $72,900 (4 BR, 3 BA, 2300+ sq ft fixer upper in historic Old North Knox)
South: $44,900 (2 BR, 1 BA, 900+ sq ft in Island Home)
East: $23,900 (2 BR, 1 BA, 800+ sq ft in McMillan Heights)
West: $160,000 (4 BR, 2.5 BA, 2100+ sq ft in Lovell Woods)
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Current Pending Sales -117
Average Asking Price – $105,819
Median Asking Price – $79,900
Closed Sales March 25, 2009- March 31, 2009 - 16
Average Asking Price – $68,006
Average Sales Price – $63,716
Median Sales Price – $48,450
Average Days on Market – 56
*Data taken from KAARMLS on 04/01/09 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. Girl, you know it’s true – ooh, ooh, ooh, I wouldn’t spam you.
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Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
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