Happy Hump Day, Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, closed foreclosure listings were down by one while actives were once again up and pendings were way up. While we didn’t reach a record high with the pendings, the actives are now tied with their all time April ’09 high of 219. Will they go higher still? Tune in next week to find out…

In new listing news, 37917 was once again the top dog  with 6 new foreclosure listings last week. Other zips with more than one new listing included 37721, 37914, 37918, 37921, and 37931.

There were 11 closed foreclosure listings last week: 3 in 37917, 2 each in 37918 and 37922 and 1 each in 37754, 37909,37914, and 37915. And 37918 is still on top with 47 closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 8/26/09 *

Current On-Market Listings - 219
Average Asking Price: $128,275
Median Asking Price: $79,900
Most Expensive New Listing: $279,900 (4 BR, 3.5 BA, 2600+ sq ft in Westmoreland Court)
Least Expensive New Listing: $17,500 (2 BR, 1 BA, 1300+ sq ft in Mechanicsville)

Notable New Listings:

North: $219,900 (4 BR, 2.5 BA, 2900+ sq ft in Shannon Valley Farms)

South: No new south Knox listings!

East: $39,900 (3 BR, 1.5 BA, 1300+ sq ft in Holston Heights)

West: $149,900 (3 BR, 2 BA, 1700+ sq ft off Joe Hinton)

Current Pending Sales -134
Average Asking Price – $87,969
Median Asking Price – $79,900

Closed Sales August 19, 2009- August 25, 2009 - 11
Average Asking Price – $112,330
Average Sales Price – $106,509
Median Sales Price – $130,000
Average Days on Market – 46

*Data taken from KAARMLS on 08/26/09 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.  Big bucks, no spammies!

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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