Knoxville Foreclosure Watch: May 27, 2009
Welcome back, Watchers! This week on Knoxville Foreclosure Watch, active foreclosures were up for the first time in 3 weeks and pending and closed foreclosure listings were both slightly down. Not enough backward movement to be worried about, but it sure would be nice to have a double dose of good news this week. Oh wells.
In new listing news, old rivals 37914 & 37917 had the most with 4 each. They are now tied for 1st place for most new foreclosure listings so far this year. Other zips with more than one new foreclosure listing included 37915, 37918, and 37920.
Over in closed listing news, 37912 had the most closed listings with 2, but 37918 is still in first place with 27 so far this year. Other zips with closed listings included 37806, 37849, 37920, 37921, and 37922.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 5/27/09 *
Current On-Market Listings - 192
Average Asking Price: $125,382
Median Asking Price: $79,900
Most Expensive New Listing: $280,000 (4 BR, 3 BA, 3100+ sq ft in Farragut)
Least Expensive New Listing: $18,900 (3 BR, 2 BA, 1400+ sq ft in East Knox)
Notable New Listings:
North: $84,900 (3 BR, 2 BA, 1200+ sq ft in North Hills area)
South: $89,900 (3 BR, 2 BA, 1700+ sq ft off Chapman Hwy)
East: $182,700 (3 BR, 2 BA, 2500 sq ft on 5 acres in Carter)
West: $154,999 (3 BR, 2 BA, 1800 sq ft off Northshore)
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Current Pending Sales -129
Average Asking Price – $97,614
Median Asking Price – $89,900
Closed Sales May 20, 2009- May 26, 2009 - 7
Average Asking Price – $108,129
Average Sales Price – $103,997
Median Sales Price – $99,857
Average Days on Market – 93
*Data taken from KAARMLS on 05/27/09 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 will totally not spam you. For reals.
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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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