adventures in knoxville real estate by suzy trotta

Knoxville Foreclosure Watch: August 4, 2010

Holy heat index, Watchers! This week on Knoxville Foreclosure Watch, closed listings stayed the same, while active foreclosure listings hit another all time FW high of 230 and pending foreclosure listings hit an all time FW low of 86. Urg. I’m posting the Foreclosure Watch chart here just so you can get a visual idea of what that looks like:

See how that blue line keeps going up and the red line keep going down? That’s what I’m talkin’ about. And I’m not thrilled about it. The good news is that closings are remaining the same…for now. Stay tuned to see how the rest of the summer plays out.

Back to business -

In new listing news, 37917 & 37920 tied for first place with 5 new foreclosure listings each, putting 37917 in first place with 80 so far this year and 37920 in second place with 77 so far this year. Other zips with more than one new listing included 37921, 37922, and 37931.

Last week’s 13 closed foreclosure listings were fairly spread out with 2 each in 37918, 37921, and 37931 and 1 each in 37721, 37914, 37919, 37920, 37922, 37924 and 37934. And 37920 is in first place so far this year with a total of 30 closed foreclosure listings.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 08/04/10*

Current On-Market Listings - 230
Average Asking Price: $135,406
Median Asking Price: $92,950
Most Expensive New Listing: $515,000 (5 BR, 4.5 BA, 3900+ sq ft in Montgomery Cove)
Least Expensive New Listing: $14,000 (2 BR, 2 BA, 600+ sq ft on Moody in South Knox)

Notable New Listings:

North: $89,000 (2 BR, 1 BA, 1100+ sq ft in Fairmont Park)

South: $114,900 (3 BR, 2 BA, 1500+ sq ft in Simpson Heights)

East: No new east listings!

West: $167,900 (3 BR, 2.5 BA, 1900+ sq ft in Karns)

Current Pending Sales - 86
Average Asking Price – $108,088
Median Asking Price – $79,900

Closed Sales July 28, 2010- August 03, 2010 - 13
Average Asking Price – $98,028
Average Sales Price – $97,077
Median Sales Price – $89,000
Average Days on Market – 113

*Data taken from KAARMLS on 08/04/2010 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 belongs in delicious sandwiches, not in your inbox.

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!

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1510 days ago 0 Comments Short URL

Author: Suzy

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

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