What’s up, Watchers? This week on Knoxville Foreclosure Watch, active foreclosure listings were up by one, pending listings were down, and closings were up a good bit. In fact, there were 14 foreclosure listings that closed last week, which is an awful lot for the middle of the month.

In new listing news, 37921 got off to a dubious start this year with 5 new foreclosure listings. Other zip codes with more than one new listing included 37918, 37920, 37924 and 37932.

As mentioned, there were 14 closed foreclosure listings last week and they were pretty spread out. There were 2 each in 37849, 37912, 37917 and 37934 and 1 each in 37871, 37915, 37919, 37920, 37924 and 37938.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 01/18/12*

Current On-Market Listings – 187
Average Asking Price: $149,819
Median Asking Price: $95,000
Most Expensive New Listing: $319,900 (4 BR, 3.5 BA, 2800+ sq ft in Farragut)
Least Expensive New Listing: $10,000 (2 BR, 1 BA, 700+ sq ft in south Knox being sold for land value only)

Notable New Listings:

North: $105,000 (3 BR, 1.5 BA, 2300+ sq ft in Fountain City)

South: $121,000 (3 BR, 1.5 BA, 1600+ sq ft in Crossfield)

East: $164,000 (2 BR, 2 BA, 2600+ sq ft on Ruggles Ferry)

West: $121,500 (4 BR, 2.5 BA, 2300+ sq ft off Lovell Road)

Current Pending Sales – 120
Average Asking Price – $105,148
Median Asking Price – $77,450

Closed Sales January 11, 2012- January 17 , 2012 - 14
Average Asking Price – $155,157
Average Sales Price - $149,518
Median Sales Price – $112,400
Average Sq Ft – 2376
Average Days on Market – 106

*Data taken from KAARMLS on 01/18/2012 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.  Make love, not spam.

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