Happy wild, wet and windy Wednesday, Watchers! This week on Knoxville Foreclosure Watch, active foreclosures stayed exactly the same while pendings were slightly up and closings were slightly down. I’m sensing a possible calm before the storm. Or maybe it’s just the eye of the hurricane? Or maybe no news truly is good news. We shall see…

In new listing news, 37918 was the surprise leader this week with 7 new foreclosure listings.  Other zips with more than one new foreclosure listing included 37914, 37917, 37920, 37924, and  37938. And, yes, 37917 is still in the lead with 78 new foreclosure listings this year. Wonder if it will hit the big 1-0-0 by the end of the year?

There were 6 closed listings last week: 2 in 37920 and 1 each in 37849, 37871, 37912, and 37914. 37918 remains in first place with 32 closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 6/17/09 *

Current On-Market Listings - 205
Average Asking Price: $130,116
Median Asking Price: $84,900
Most Expensive New Listing: $359,900 (4 BR, 3.5 BA, 3600 sq ft in Westmoreland)
Least Expensive New Listing: $19,900 (3 BR, 1 BA, 900+ sq ft off Magnolia)

Notable New Listings:

North: $147,900 (3 BR, 2.5 BA, 2300+ sq ft near Knoxville Center Mall)

South: $85,000 (3 BR, 1 BA, 900+ sq ft off Old Sevierville Pike)

East: $69,900 (3 BR, 2 BA, 1200+ sq ft off Holston Dr)

West: $159,900 (3 BR, 2 BA, 1400+ sq ft in Farragut)

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Current Pending Sales -123
Average Asking Price – $100,647
Median Asking Price – $79,000

Closed Sales June 10, 2009- June 16, 2009 - 6
Average Asking Price – $78,900
Average Sales Price – $76,318
Median Sales Price – $75,253
Average Days on Market – 47

*Data taken from KAARMLS on 06/17/09 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. Ix-nay on the am-spay.

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