Knoxville Foreclosure Watch: June 2, 2010
Hey, hey, hey, Watchers. This week on Knoxville Foreclosure Watch, active pending listings were way down while active and closed listings were way up. In fact, active foreclosure listings reached a new record high of 225. Will this be the summer of the foreclosure? Stay tuned to find out…
In new listing news, 37920 had the most with 5. Other zips with more than 1 new listing included 37909, 37912, 37914, 37915, 37917, 37918, 37921 and 37938. And our old friend 37917 is in first place so far with 62 new foreclosure listings this year.
There were a whopping 18 closed foreclosure listings last week and they were pretty spread out, with 2 each in 37914, 37917
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 06/02/10 *
Current On-Market Listings - 225
Average Asking Price: $150,956
Median Asking Price: $99,900
Most Expensive New Listing: $249,400 (4 BR, 2.5 BA, 2600+ sq ft in Hardin Valley)
Least Expensive New Listing: $15,000 (1 BR, 1 BA, 1300+ sq ft fixer upper near St Mary’s)
Notable New Listings:
North: $164,900 (3 BR, 2 BA, 1700+ sq ft in Harrill Hills)
South: $69,900 (4 BR, 2 BA, 1900+ sq ft cottage off Chapman Hwy)
East: $41,900 (5 BR, 2.5 BA, 2200+ sq ft built in 1910 on Washington Ave)
West: $184,900 (4 BR, 3 BA, 2800+ sq ft off Middlebrook)
Current Pending Sales - 110
Average Asking Price – $107,165
Median Asking Price – $84,950
Closed Sales May 26, 2010- June 02, 2010 - 18
Average Asking Price – $144,267
Average Sales Price – $137,728
Median Sales Price – $90,000
Average Days on Market – 37
*Data taken from KAARMLS on 06/02/2010 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. Big bucks. No spammies.
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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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