Happy Holidays, Watchers! I’ve been on an extended vacation, and when I’m on vacation, Foreclosure Watch is on vacation.  So, while FW will be back in a few short days for its last installment of the year (including a special end of the year wrap up), I thought I would go ahead catch you guys up on what closed and where while I was away. Consider it a little late Christmas present.

And if you were worried about foreclosure sales slowing down just because it’s the most wonderful time of the year, don’t be. There were a total of 41 closed foreclosure listings in the past three weeks, and here’s how they broke down by zip code:

37806 – 1
37849 – 1
37909 – 1
37912 – 2
37913 – 1
37914 – 7
37917 – 6
37918 – 5
37920 – 2
37921 – 4
37923 – 2
37924 – 2
37931 – 1
37932 – 1
37934 – 2

So, not only were people out buying foreclosures in K-Town, they were buying them, well, all around K-Town.

Now for the closing catch-up breakdown -

Closed Sales December 02, 2009- December 08, 2009 - 10
Average Asking Price – $68,530
Average Sales Price – $66,593
Median Sales Price – $41,450
Average Days on Market – 70

Closed Sales December 09, 2009- December 15, 2009 - 11
Average Asking Price – $173,131
Average Sales Price – $143,359
Median Sales Price – $113,500
Average Days on Market – 70

Notable Closing: 5 BR, 5 full bath, 2 half bath, 5000+ sq ft new construction in Montgomery Cove that was listed at $899,900 and sold for $592,500. Ouch.

Closed Sales December 16, 2009- December 22, 2009 - 20
Average Asking Price – $89,675
Average Sales Price – $86,405
Median Sales Price – $82,003
Average Days on Market – 53

*Data taken from KAARMLS on 12/29/09 for Knox County single family residential properties only, and does not include condos or PUDS.

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.  This is a spam free zone.

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