Knoxville Foreclosure Watch: July 29, 2009
Howdy, ho, Watchers. In this week’s edition of Knoxville Foreclosure Watch, active foreclosures were up by one, pendings were down just a bit, and closings were up to their highest level since May. And closings are always good news in my world.
In new listing news, our old buddy 37917 was back last week with 4 new foreclosure listings, giving it a whopping total of 94 so far this year. I’d say it will hit three digits in the next two weeks. Other zips with more than one new foreclosure listing included 37912, 37918, 37920, and 37921.
There were 15 closed foreclosure listings last week and they were pretty spread out. There were 2 each in 37912, 37921, and 37922 and 1 each in 37909, 37914, 37915, 37917, 37918, 37919, 37920,37931 and 37932.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 7/29/09 *
Current On-Market Listings - 190
Average Asking Price: $138,721
Median Asking Price: $85,565
Most Expensive New Listing: $419,000 (3 BR, 3.5 BA, 4200+ sq ft off Campbell Station Rd)
Least Expensive New Listing: $9,900 (2 BR, 1 BA, 900+ sq ft off Sutherland Ave)
Notable New Listings:
North: $110,000 (3 BR, 1 BA, 1600+ sq ft in Fountain City)
South: $24,900 (3 BR, 1 BA, 800+ sq ft on Sevier)
East: $55,900 (3 BR, 1 BA, 1200+ sq ft in Carter)
West: $379,000 (4 BR, 2.5, 3900+ sq ft log home on 4 acres)
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Current Pending Sales -129
Average Asking Price – $90,542
Median Asking Price – $79,900
Closed Sales July 22, 2009- July 28, 2009 - 15
Average Asking Price – $109,140
Average Sales Price – $103,980
Median Sales Price – $81,900
Average Days on Market – 58
*Data taken from KAARMLS on 07/29/09 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. I don’t believe in spam.
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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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