It’s that time again, Watchers. This week on Foreclosure Watch, active listings are up a good bit, while both pendings and closings are down. And not only were closings down this week, the average closed price was way down, thanks to all closings coming from homes listed under $100,000. Hmmmm.

In new listing news, 37918 & 37921 tied for the most new listings with 5 each. Other zips with more than one new listing included 37914, 37915, 37917, 37922, and 37931.  37931, incidentally, joined the double digit club with a total of 11 new listings since I started keeping count in July. 37914 maintains its first place position with 59 total new listings since mid-July.

There were only four closed listings: two in 37917 and one each in 37912 and 37918. : 37917 has had the most closings since I started keeping tally in September, with a total so far of 11.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 11/12/08 *

Current On-Market Listings - 186
Average Asking Price: $138,565
Median Asking Price: $99,646
Most Expensive New Listing: $332,500 (4 BR, 4 BA, 4000+ sq ft on 2.5 acres in Gibbs)
Least Expensive New Listing: $24,900 (4 BR, 2 BA, 1400+ sq ft on Cecil in North Knox)

Notable New Listings:
North: $59,900 (3 BR, 1 BA, 1100+ sq ft cottage on Lawson)
South: No new south listings!
East: $39,900 (2 BR, 1 1/2 BA, 1100+ sq ft cottage off of Rutledge Pike)
West: $270,000 (3 BR, 3 BA, 2700+ sq ft home in Bayou Bend)

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Current Pending Sales -110
Average Asking Price – $90,871
Median Asking Price – $76,400

Closed Sales November 05, 2008-November 11, 2008 - 4
Average Asking Price – $45,975
Average Sales Price – $42,500
Median Sales Price – $40,500
Average Days on Market -70

*Data taken from KAARMLS on 11/12/08 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 is a four letter word.

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