Knoxville Foreclosure Watch: March 25, 2009
Happy Spring, Watchers! This week on Knoxville Foreclosure Watch, active foreclosure listings were up for the first time in a few weeks while pending and closed listings were slightly down. Last week’s big news was an all-time high number of pending sales, and even though the pendings were down this week, there were still 128 of them, just 4 less than last week’s 132. I’m going to be keeping my eye on these and the closed listings over the next few weeks to see how this trend develops.
New listings were fairly evenly distributed with 37912 and 37918 tying for first place with 3 each. Other zips with more than one new listing last included 37849, 37917, 37920, 37921 and, 37924. And, yes, 37917 is still blowing the competition away with 48 new foreclosure listings so far this year.
37918 had the most closed listings last week with 3. Other zips with closed foreclosure listings included 37806, 37914, 37920, 37921, 37922, and 37923. The big surprise here is that 37918 actually managed to barely pull ahead of 37917 and now has the most closed foreclosure listings this year with 16
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 3/25/09 *
Current On-Market Listings - 196
Average Asking Price: $121,542
Median Asking Price: $78,750
Most Expensive New Listing: $189,500 (3 BR, 2.5 BA, 2300+ sq ft w/3 car garage in Seven Springs)
Least Expensive New Listing: $14,900 (1 BR, 1 BA, 500+ sq ft on Asheville Hwy)
Notable New Listings:
North: $160,000 (3 BR, 2 BA, 2600+ sq ft in Broadacres)
South: $52,900 (2 BR, 1 BA, 800+ sq ft on Sevier)
East: $65,500 (1 BR, 1 BA, 1000+ sq ft on 1+ acres in Carter)
West: $120,000 (4 BR, 2 BA, 1800+ sq ft off Northshore)
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Current Pending Sales -128
Average Asking Price – $102,506
Median Asking Price – $79,900
Closed Sales March 18, 2009- March 24, 2009 - 9
Average Asking Price – $104,767
Average Sales Price – $100,100
Median Sales Price – $80,000
Average Days on Market – 48
*Data taken from KAARMLS on 03/25/09 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. I wouldn’t even think about spamming you.
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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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