Word to the Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, active and pending foreclosures were up, while closings were way down. Well, at least the pending are still moving in the right direction…right?

In new listing news, I somehow neglected to tell you guys that 37917 hit the big 100 last week. What was I thinking? With 6 new foreclosure listings this week, that brings it up to a grand total of 106 so far this year, putting it well ahead of the competition. Other zips with more than one new foreclosure listing included 37849, 37912, 37914, 37918, and 37931. 3

There were only 5 closed foreclosure listings last week: 2 in 37921 and 1 each in 37914, 37918 and 37922. And 37918 is the most popular spot for foreclosure buyin’, with 42 closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 8/12/09 *

Current On-Market Listings - 201
Average Asking Price: $131,620
Median Asking Price: $79,900
Most Expensive New Listing: $579,500 (4 BR, 3.5 BA, 4000 sq ft in Powell on 5+ acres)
Least Expensive New Listing: $11,000 (3 BR, 2 BA, 1200+ sq ft in East Knox)

Notable New Listings:

North: $84,500 (3 BR, 3 BA, 2200+ sq ft in Fountain City)

South: $72,900 (3 BR, 1 BA, 1000+ sq ft off Sevierville Pike)

East: $129,900 (3 BR, 1 full BA, 1 half BA, 2600 sq ft in Carter)

West: $196,000 (6 BR, 2 full BA, 2 half BA off Middlebrook)

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Current Pending Sales -126
Average Asking Price – $88,592
Median Asking Price – $79,900

Closed Sales August 05, 2009- August 11, 2009 - 5
Average Asking Price – $90,720
Average Sales Price – $85,000
Median Sales Price – $85,000
Average Days on Market – 50

*Data taken from KAARMLS on 08/12/09 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.  Spam gives you bad karma.

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!

Author: Suzy

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

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