Knoxville Foreclosure Watch: July 21, 2010
‘Sup, Watchers? This week on Knoxville Foreclosure Watch, active foreclosure listings were finally down for the second week in a row, pendings were up for the second week in a row, and closings were up a good bit. Now that’s what I’m talkin’ about!
37918 had the most new listings this week with 3. Other zips with more than one new foreclosure listing included 37849 and 37912. Yeah, they were kind of spread out this week. And 37197 is in the lead overall with 75 new foreclosure listings so far this year.
Over in closed listings, 37931 had the most with the 3. The rest broke down like this: 2 each in 37912, and 37918 and 1 each in 37871, 37914, 37917, 37920, 37921 and 37924. 37918 is leading this category with 42 closed listings so far this year.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 07/21/10*
Current On-Market Listings – 219
Average Asking Price: $137,887
Median Asking Price: $89,900
Most Expensive New Listing: $270,000 (4 BR, 2.5 BA, 2800+ sq ft in Atlee Fields)
Least Expensive New Listing: $19,900 (3 BR, 1 BA, 1100+ sq ft off Liberty)
Notable New Listings:
North: $63,860 (4 BR, 2 BA, 1900+ sq ft in need of repairs in Fountain City)
South: No new south listings!
East: $36,900 (3 BR, 2 BA, 800+ sq ft off Rutledge Pike)
West: $159,900 (3 BR, 3 BA, 2300 sq ft in Stonecrest)
Current Pending Sales - 102
Average Asking Price – $112,060
Median Asking Price – $89,950
Closed Sales July 14, 2010- July 20, 2010 - 13
Average Asking Price – $127,692
Average Sales Price – $119,935
Median Sales Price – $82,000
Average Days on Market – 69
*Data taken from KAARMLS on 07/21/2010 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. Spam is so 2009.
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Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
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