Hey, hey, hey, Watchers.  In this week’s edition of  Knoxville Foreclosure Watch, active and closed foreclosures were up, while pendings were down.  A little bit of a mixed bag, but no major movement in either direction, so I’ll take it.

37914 was the surprise front runner this week with 4  new foreclosure listings.  Other zips with more than one new foreclosure listing included 37721, 37918,  37919, 37921, 37922, 37924, and 37931. And, of course, 37917 is still in first place with 88 new foreclosure listings so far this year.

In closed listing news, 37920 was the standout with 3 closed foreclosure listings last week. There were also 2 in 37917 and 37918 and 1 each in 37919, 37931, and 37938. And Fountain City appears to be the place you guys want to buy your foreclosures, since 37918 has the most closed foreclosure listings with 38 so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 7/15/09 *

Current On-Market Listings - 205
Average Asking Price: $133,656
Median Asking Price: $85,000
Most Expensive New Listing: $720,000 (4 BR, 4.5 BA, 4800+ sq ft in River Club)
Least Expensive New Listing: $12,000 (2 BR, 1 BA, 1000 sq ft off Asheville Hwy)

Notable New Listings:

North: $108,000 (3 BR, 2.5 BA, 1900+ sq ft handyman special in Powell)

South: $99,000 (4 BR, 2.5 BA, 2100 sq ft in South Doyle)

East: $67,500 (5 BR, 3 BA, 2700+ sq ft off Chilhowee Dr)

West: $114,900 (5 BR, 2.5 BA, 2400+ sq ft in Westwood)

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Current Pending Sales -127
Average Asking Price – $97,353
Median Asking Price – $79,900

Closed Sales July 8, 2009- July 14, 2009 - 10
Average Asking Price – $78,920
Average Sales Price – $73,900
Median Sales Price – $50,750
Average Days on Market – 56

*Data taken from KAARMLS on 07/15/09 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. There ain’t no spam goin’ down around here.

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