Knoxville Foreclosure Watch: March 18, 2009
Happy late St. Patrick’s Day, Watchers! This week on Knoxville Foreclosure Watch, active foreclosure listings were down while closed listings were slightly up. But that’s not the interesting news. The interesting news is this: pending foreclosures hit an all time Foreclosure Watch high of 132, a number that’s a good bit higher than the last high of 124 just a few weeks ago. Are people finally overcoming their fear of the market to cash in on these deals? We’ll just have to keep watching to see if the closed listings start to go up, too.
There were 31 new listings last week with 37917 & 37921 tying for first place with 6 each. 37917 is still in the lead for the year with 46 so far. Other zips with more than one new listing last included 37912, 37914, 37915, 37917, 37918, 37920, 37922, and 37924.
There were 12 closed foreclosure listings last week. 37920 and 37923 had 2 each, while 37909, 38912, 37914, 37917, 3791, 37921, 37922, and 37938 had one each. No surprise that 37917 is still also in the lead for most closed foreclosure listings so far this year.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 3/18/09 *
Current On-Market Listings - 188
Average Asking Price: $124,989
Median Asking Price: $87,700
Most Expensive New Listing: $240,000 (3 BR, 2 BA, 2100 sq ft off Lovell Road)
Least Expensive New Listing: $14,900 (2 BR, 1 BA, 900 sq ft in E. Knox)
Notable New Listings:
North: $58,650 (3 BR, 1 BA, 1100+ sq ft off Fairmont)
South: $40,000 (2 BR, 1 BA, 1300+ sq ft off Chapman Hwy)
East: $27,900 (3 BR, 1 BA, 1600+ sq ft off Cherry St.)
West: $200,850 (4 BR, 2.5 BA, 2600+ sq ft off Bluegrass Rd)
dklj;lskj;dlk
Current Pending Sales -132
Average Asking Price – $100,321
Median Asking Price – $62,400
Closed Sales March 11, 2009- March 17, 2009 - 12
Average Asking Price – $96,829
Average Sales Price – $91,979
Median Sales Price – $65,000
Average Days on Market – 57
*Data taken from KAARMLS on 03/18/09 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. Save the spammy for your mammy.
Why take the chance of ever missing out on Foreclosure Watch? Make sure you get all your foreclosure goodness every week by subscribing to All Around K-Town today, either by RSS or email!
Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
Enjoyed this Post? Share it!
Share on Facebook Tweet This!