Knoxville Foreclosure Watch: February 18, 2009
Happy Hump Day, Watchers! In this edition of Foreclosure Watch, active listings finally broke their encouraging downward trend, proving yet again that all good things must come to an end. Pending listings were down as well, but closed listings were actually up. Yay, closed listings!
There were 21 new listings last week with the most in one zip code being – of course – in 37917, which had 4. That little zip is still in the lead with most new foreclosure listings this year with a grand total of 28. The only other zips with more than one new listing were 37914, 37915, 37918, 37921 and 37923.
We had 10 closed foreclosure listings last week and 37917 and 37921 are still tied for most closed foreclosure listings in 2009 with 8 each.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 2/18/08 *
Current On-Market Listings - 191
Average Asking Price: $122,465
Median Asking Price: $84,900
Most Expensive New Listing: $209,900 (3 BR, 2 BA, 2400+ sq ft in Lakemoor Hills)
Least Expensive New Listing: $13,900 (2 BR, 1 BA, 900+ sq ft off Western Ave)
Notable New Listings:
North: $79,900 (3 BR, 1.5 BA, 1200+ sq ft in Powell)
South: This week’s most expensive listing was also the only new south listing!
East: $44,900 (3 BR, 1 BA, 1400+ sq ft in Sunset Ridge)
West: $139,900 (4 BR, 2.5 BA, 2000+ sq ft in off Robinson Rd.)
dklj;lskj;dlk
Current Pending Sales -115
Average Asking Price – $105,298
Median Asking Price – $84,000
Closed Sales February 11, 2009- February 17, 2009 - 10
Average Asking Price – $116,270
Average Sales Price – $113,225
Median Sales Price – $116,750
Average Days on Market – 75
*Data taken from KAARMLS on 2/18/09 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. I don’t put Spam on my sandwiches and I certainly won’t put any 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!
Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
Enjoyed this Post? Share it!
Share on Facebook Tweet This!