Welcome to 2010, Watchers!  In this week’s first Knoxville Foreclosure Watch of 2010, active foreclosures listings were down a little and pendings were slightly up. There were only two closings, but it was a short week and it’s the first of the year, so I don’t think we should read too much into that just yet.

37920 started the new year off in a dubious manner with 4 new foreclosure listings. There were only 7 other new listings and they were all spread out with 1 each in 37849, 37917, 37921, 37922, 37923, 37924 and 37938.

And as for those two closed listings, one was in 37917 and one was in 37924. Yep, it was a slow closin’ week.

Note: New listing and closed listing charts will start fresh for 2010 next week once I have a wee little more data to put into them.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 01/06/10 *

Current On-Market Listings - 220
Average Asking Price: $160,659
Median Asking Price: $109,900
Most Expensive New Listing: $625,900 (5 BR, 3.5 BA, 4400+ sq ft in Montgomery Cove)
Least Expensive New Listing: $49,900 (3 BR, 1 BA, 800+ sq ft in South Knox)

Notable New Listings:

North: $60,000 (2 BR, 1 BA, 800+ sq ft off Whittle Springs)

South: $75,000 (3 BR, 2 BA, 1700+ sq ft off Maryville Pike)

East: $89,900 (1 BR, 2 BA, 2700+ sq ft “modular” home in Straw Plains)

West: $169,900 (3 BR, 2 BA, 1500+ sq ft in Fox Hollow)

Current Pending Sales -95
Average Asking Price – $95,915
Median Asking Price – $75,900

Closed Sales January 01, 2010- January 05, 2010 - 2
Average Asking Price – $64,950
Average Sales Price – $101,815
Median Sales Price – NA
Average Days on Market – 54

*Data taken from KAARMLS on 01/06/2010 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. I will never, ever spam you.

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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