adventures in knoxville real estate by suzy trotta

Knoxville Foreclosure Watch: May 13, 2009

Howdy-ho, Watchers! This week on Knoxville Foreclosure Watch, active foreclosure listings continued their downward trend, pendings climbed back up a bit and closings were back down in the normal “not the end of the month” range.”  All in all, it was a fairly quiet week in Foreclosure Land.

There were 13 new foreclosure listings and once again 37917 had the most with 3. The only other zip with more than one new listing was 37918 with 2.

37917 had the most closed listings with 4, putting it back in first place for most closed foreclosure listings so far this year. Other zips with closed listings included 37912, 37914, 37915, 37918, and 37931.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 5/13/09 *

Current On-Market Listings - 183
Average Asking Price: $124,014
Median Asking Price: $79,900
Most Expensive New Listing: $249,900 (3 BR, 2 BA, 1800+ sq ft on 6+ acres in Gibbs)
Least Expensive New Listing: $29,900 (2 BR, 1 BA, 800 sq ft in South Knox)

Notable New Listings:

North: $169,900 (3 BR, 2 BA, 1800+ sq ft in Fountain City)

South: This week’s least expensive listing was the only new south Knox listing!

East: $64,900 (5 BR, 2 BA, 2400+ sq ft off Cherry St)

West: $229,900 (4 BR, 3 BA, 4200+ sq ft in Karns)

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Current Pending Sales -142
Average Asking Price – $98,364
Median Asking Price – $89,450

Closed Sales April 29, 2009- May 05, 2009 - 9
Average Asking Price – $62,411
Average Sales Price – $58,567
Median Sales Price – $41,900
Average Days on Market – 46

*Data taken from KAARMLS on 05/13/09 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’m a blogger and a Realtor, not a spammer.

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!

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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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