Knoxville Foreclosure Watch: June 3, 2009
Welcome to June, Watchers! This week on Knoxville Foreclosure Watch, active foreclosures were up for the 2nd week in a row and pending and closed foreclosure listings were both slightly down for the 2nd week running. This last is slightly surprising, as closings usually go up at the end of the month. The first is not so surprising, considering what folks a lot smarter than me are saying about foreclosures and the next possible wave of them. Yeah, we may be foreclosure watchin’ for a little longer than I had ever really planned on.
There were 26 new listings this week and 37917 had the most with 4, putting it back into 1st place for most new foreclosure listings so far this year with 69 total. Other zips with more than one new foreclosure listing included 37914, 37918, 37919, 37931and 37934.
Over in closed listing news, 37918 had 2 and was the only zip that had more than 1. Other zips with closed listings included 37914, 37922, 37924, and 37931.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 6/03/09 *
Current On-Market Listings - 202
Average Asking Price: $125,345
Median Asking Price: $79,900
Most Expensive New Listing: $409,000 (5 BR, 4.5 BA, 3800+ sq ft in Farragut)
Least Expensive New Listing: $25,900 (3 BR, 1 BA, 1400+ sq ft in East Knox)
Notable New Listings:
North: $199,900 (4 BR, 3 BA, 2600+ sq ft on 1+ acre in Halls)
South: $78,000 (3 BR, 1 BA, 1600+ sq ft on 3 acres off Chapman Hwy)
East: $74,900 (4 BR, 2 BA, 2000+ sq ft in Holston Heights)
West: $114,900 (2 BR, 2 BA, 1700+ sq ft in West Towne Estates)
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Current Pending Sales -124
Average Asking Price – $96,596
Median Asking Price – $84,900
Closed Sales May 27, 2009- June 02, 2009 - 6
Average Asking Price – $116,417
Average Sales Price – $114,083
Median Sales Price – $109,000
Average Days on Market – 67
*Data taken from KAARMLS on 06/03/09 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. This is a spam free zone.
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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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