It’s Wednesday night and you know what that means – time to watch some foreclosures! This week on Knoxville Foreclosure Watch, active foreclosures and pendings were down while closings more than doubled. And it’s not even the end of the month! It’s a small piece of good news, but you know that I’ll always take any good news I can get in this market.

In new listing news, 37918 once again was the leader with 5 new foreclosure listings this week. What’s goin’ on up there in Fountain City?  Other zips with more than one new foreclosure listing included 37849, 37917, and 37920. And despite 37918’s two week run, 37917 is still in the lead with 80 new foreclosure listings this year.

There were 13 closed listings last week and they were pretty spread out: 2 each in 37912 and 37914 and 1 each in 37849, 37871, 37917, 37918, 37921, 37922, 37923, 37931, and 37934. 37918 currently holds the title of zip with most closed foreclosure listngs this year with a grand total of 33.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 6/24/09 *

Current On-Market Listings - 203
Average Asking Price: $131,195
Median Asking Price: $85,000
Most Expensive New Listing: $249,900 (4 BR, 3 BA, 3800+ sq ft in Halls)
Least Expensive New Listing: $14,900 (2 BR, 1 BA, 1100+ sq ft, 110 yrs old in Mechanicsville)

Notable New Listings:

North: $88,000 (3 BR, 1.5 BA, 1300+ sq ft in Plantation Hills)

South: $32,000 (2 BR, 1 BA, 700+ sq ft off Davenport)

East: $48,500 (3 BR, 2 BA, 1500 sq ft on 1+ acres in Carter)

West: $184,900 (3 BR, 2 BA, 2100+ sq ft in West Hills)

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Current Pending Sales -119
Average Asking Price – $98,133
Median Asking Price – $78,000

Closed Sales June 17, 2009- June 23, 2009 - 13
Average Asking Price – $87,738
Average Sales Price – $85,568
Median Sales Price – $75,000
Average Days on Market – 69

*Data taken from KAARMLS on 06/24/09 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. You’ll find no spam here, sir.

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