What’s up, Watchers! This week on Knoxville Foreclosure Watch, active foreclosures were up for the 3rd week in a row, pendings were down for the 3rd week in a row, and closings were up, but only by one. Sigh. We were making such good progress there for a while.

Out of 28 new foreclosure listings, 37917 had the most with 6 and still remains in the lead for most new foreclosure listings so far this year.  Other zips with more than one new foreclosure listing included 37721, 37912, 37914, 37918, 37922, and 37931.

Over in closed listing news, last week was apparently the week to be a foreclosure in Fountain City:  4 of last weeks 6 closings were in 37918. 37849 was the only other zip with more than one closed foreclosure listing with a total of two.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 6/10/09 *

Current On-Market Listings - 205
Average Asking Price: $131,454
Median Asking Price: $79,900
Most Expensive New Listing: $549,900 (5 BR, 5.5 BA, 3700+ sq ft in Choto area)
Least Expensive New Listing: $10,000 (3 BR, 1 BA, 1200+ sq ft off Magnolia)

Notable New Listings:

North: $150,000 (4 BR, 2 BA, 1700+ sq ft in North Hills)

South: No new south listings!

East: $124,000 (4 BR, 2 BA, 2400 sq ft in River Shores)

West: $98,100 (3 BR, 2 BA, 1700+ sq ft in Timbercrest)

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Current Pending Sales -120
Average Asking Price – $100,647
Median Asking Price – $79,500

Closed Sales June 03, 2009- June 09, 2009 - 7
Average Asking Price – $112,629
Average Sales Price – $105,674
Median Sales Price – $105,000
Average Days on Market – 76

*Data taken from KAARMLS on 06/10/09 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. Just say no to spam!

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