Knoxville Foreclosure Watch: March 4, 2009
Welcome back, Watchers! This week on Knoxville Foreclosure Watch, active listings were up, pending listings were down, and closed listings were way up. 17 foreclosure listings closed last week, the most in one week since last July. Again, I’m wondering if this is sign that investors are getting back into the market. Or maybe these properties are just being bought up by regular old buyers who know a good deal when they see one?
In new listing news, there were 28 new listings last week. 37917 had the most with 4 and remains in the lead with 36 new listings so far this year. Other zips with more than one new listing last included 37914, 37918, 37919, 37921, 37922 and 37938.and 37938.
Zips with more than one closed foreclosure listing included 37721, 37849, 37917, 37921, and 37938. 37917 remains in the lead in this category as well, with 12 closed listings this year.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 3/04/09 *
Current On-Market Listings - 193
Average Asking Price: $121,196
Median Asking Price: $88,000
Most Expensive New Listing: $524,000 (4 BR, 3.5 BA, 3900+ sq ft in Whittington Creek)
Least Expensive New Listing: $28,750 (2 BR, 1 BA, 1200+ sq ft in East Knoxville)
Notable New Listings:
North: $41,900 (2 BR, 1 BA, 700+ sq ft off Whittle Springs)
East: $104,374 (3 BR, 2 BA, 1100+ sq ft off Old Rutledge Pike)
West: $144,900 (3 BR, 2 BA, 2000+ sq ft off Northshore)
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Current Pending Sales -114
Average Asking Price – $96,680
Median Asking Price – $79,900
Closed Sales February 25, 2009- March 03, 2009 - 17
Average Asking Price – $114,418
Average Sales Price – $107,858
Median Sales Price – $95,500
Average Days on Market – 62
*Data taken from KAARMLS on 03/04/09 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. Spam? What spam?
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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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