Knoxville Foreclosure Watch: August 25, 2010
Hey there, Watchers — so glad you made it back! This week on Knoxville Foreclosure Watch, active and pending foreclosure listings were slightly down, while closed listings were slightly up. And that’s alright by me, ’cause judging by these numbers we need all the closings we can get.
This year’s dark horse, 37920, had the most new foreclosure listings this week with 4. Other zips with more than one new listing included 37849, 37918, and 37921. 37917 is in the lead so far this year with 87 new listings, although 37920 isn’t that far behind with 84.
There were 10 closed foreclosure listings last week and they were fairly well spread out with 2 each in 37917 and 37918 and 1 each in 37849, 37912, 37919, 37920, 37931 and 37938. And 37918 has the most so far this year with a grand total of 49.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 08/18/10*
Current On-Market Listings - 222
Average Asking Price: $135,301
Median Asking Price: $99,900
Most Expensive New Listing: $309,900 (4 BR, 2 BA, 3600+ sq ft in Karns)
Least Expensive New Listing: $25,000 (3 BR, 3 BA, 2200+ sq ft in Villa Gardens that “needs some work”. Hmmm…)
Notable New Listings:
North: $103,000 (3 BR, 2.5 BA, 1200+ sq ft in Powell)
South: $130,000 (3 BR, 2.5 BA, 1600+ sq ft in Tipton Station)
East: $39,900 (3 BR, 1.5 BA, 1100+ sq ft near Parkridge)
West: $172,900 (4 BR, 2.5 BA, 2100+ sq ft in Old Stage Hills)
Current Pending Sales - 94
Average Asking Price – $111,003
Median Asking Price – $79,400
Closed Sales August 18, 2010- August 24, 2010 - 10
Average Asking Price – $116,460
Average Sales Price – $108,980
Median Sales Price – $84,450
Average Days on Market – 108
*Data taken from KAARMLS on 08/25/2010 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, shpam.
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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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