adventures in knoxville real estate by suzy trotta

Knoxville Foreclosure Watch: July 22, 2009

Well, hey diddle, diddle, Watchers.  In this week’s edition of  Knoxville Foreclosure Watch, active foreclosures were down, while pending & closed foreclosures were both up. You know what that means? That means you guys are out there buying these bad boys up! Good for you!

In new listing news, 37849 was the dark horse winner this week with 3  new foreclosure listings.  For the uninitiated, that’s up Powell way.  Other zips with more than one new foreclosure listing included 37914, 37917,  37919, 37921, and 37922.

Closed listings were pretty evenly distributed last week with 2 each in 37917 & 37919 and 1 each in 37914, 37915, 37918, 37920, 37921, 37923 & 37931.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 7/22/09 *

Current On-Market Listings - 189
Average Asking Price: $137,131
Median Asking Price: $85,000
Most Expensive New Listing: $649,900 (5 BR, 3.5 BA, 5000+ sq ft in Montgomery Cove)
Least Expensive New Listing: $19,900 (3 BR, 1 BA, 1000+ sq ft off MLK Blvd)

Notable New Listings:

North: $52,900 (5 BR, 2 BA, approx 1800 sq ft off Central)

South: No new south listings!

East: $24,900 (2 BR, 2 BA, 1500+ sq ft off Cherry Street)

West: $86,130 (4 BR, 2 BA, 1600+ sq ft in Rocky Hill area)

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Current Pending Sales -133
Average Asking Price – $91,934
Median Asking Price – $79,900

Closed Sales July 15, 2009- July 21, 2009 - 11
Average Asking Price – $102,664
Average Sales Price – $105,635
Median Sales Price – $56,000
Average Days on Market – 77

*Data taken from KAARMLS on 07/22/09 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. The only spam here is in a can. And even then I won’t touch the stuff.

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!

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1864 days ago 0 Comments Short URL

Author: Suzy

Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.

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