Namaste, Watchers! In this week’s installment of Knoxville Foreclosure Watch, active foreclosure listings were down below 200 for the first time in 12 weeks, pendings were at their highest point since last September, and closings were, just, well…down. But hey, those first two numbers sure aren’t anything to sneeze at, now are they?

37914 once again had the most new foreclosure listings with 4 this week. What’s goin’ on out there in far East Knoxville anyway? Other zips with more than new listing included 37917, 37918, 37921, and 37931.  And 37918 and 37920 (Fountain City and South Knoxville) are tied for most new foreclosure listings so far this year with 13 each.

There were only 7 closed listings this week and they were fairly well spread out with 2 each in 37918 and 37920 (I’m sensing a pattern here) and 1 each in 37849, 37917 and 37922.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 02/03/10 *

Current On-Market Listings – 199
Average Asking Price: $159,488
Median Asking Price: $109,250
Most Expensive New Listing: $264,900 (4 BR, 3 BA, 2300+ sq ft in Magnolia Pointe in Karns)
Least Expensive New Listing: $16,500 (2 BR, 1 BA, 900+ sq ft off Millertown Pike)

Notable New Listings:

North: $89,900 (3 BR, 1.5 BA, 1600+ sq ft in Fountain City)

South: No new South Knox listings!

East: $89,000 (3 BR, 1.5 BA, 1500+ sq ft on Chilhowee Dr)

West: $129,900 (3 BR, 2.5 BA, 2200+ sq ft in Crestwood Hills)

Current Pending Sales - 122
Average Asking Price – $117,652
Median Asking Price – $89,950

Closed Sales January 27, 2010- February 02, 2010 - 7
Average Asking Price – $136,321
Average Sales Price – $130,900
Median Sales Price – $99,900
Average Days on Market – 75

*Data taken from KAARMLS on 02/03/2010 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. Ain’t no spammin’ round here, son.

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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