Knoxville Foreclosure Watch: February 11, 2009
Happy wild and windy Wednesday, Watchers! In this week’s edition of Foreclosure Watch, active listings continue their downward trend, pendings are up a good bit, and closed listings are about half what they were last week. I’m curious to see how long those actives continue going down and how far down they’ll go. But I suppose only time will tell…
There were 25 new listings last week and once again, a large number of them – 6 to be exact – were in 37917. What is up with that zip? As you might guess, it’s still in the lead with most new foreclosure listings this year with a grand total of 24. The only other zips with more than one new listing were 37912, 37914, 37920 and 37921.
There were 7 closed foreclosure listings last week, with one each in 37912, 37917, 37918, 37920, 37923, 37924, and 37931. 37917 and 37921 are tied for first place with 7 closed foreclosures each so far this year. Again, I ask, what is up with 37917?
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 2/11/08 *
Current On-Market Listings - 185
Average Asking Price: $121,972
Median Asking Price: $79,900
Most Expensive New Listing: $315,000 (3 BR, 2.5 BA, 3200+ sq ft unfinished town home in Farragut)
Least Expensive New Listing: $19,900 (3 BR, 2 BA, 1900+ sq ft off Edgewood in North Knox)
Notable New Listings:
North: $148,900 (4 BR, 2 BA, 2500+ sq ft in Broad Acres)
South: $49,900 (2 BR, 1 BA, 800+ sq ft off Tipton Station)
East: $69,900 (4 BR, 2 BA, 1700 sq ft off Rutledge Pike)
West: $105,000 (3 BR, 2 BA, 1700+ sq ft in West Hills Park)
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Current Pending Sales -123
Average Asking Price – $105,950
Median Asking Price – $134,900
Closed Sales February 4, 2009- February 10, 2009 - 7
Average Asking Price – $120,329
Average Sales Price – $111,829
Median Sales Price – $110,000
Average Days on Market – 46
*Data taken from KAARMLS on 2/11/09 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? What spam?
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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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