Happy Turkey Day, Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, active and closed foreclosure listings were both up, while pending listings were down. I’m guessing one reason those pendings were down, was that there were twenty – -yes 20 – closed foreclosure listings last week. Wonder how many of those buyers got a nice $8,000 tax credit in addition to their foreclosure deal? Talk about having something to be thankful for…

There were 22 new listings this week and 37931 had the most with 3. Other zips with more than 1 new foreclosure listing included 37849, 37912, 37914, 37921, 37922, and 37938.

Meanwhile in closed listing news, there were indeed 20 closed foreclosure listings last week and 37921 had the most with 4. The rest broke down as follows: 3 each in 37917 & 37918, 2 in 37914, and 1 each in 37721, 37949, 37922, 37924, 37931, and 37932.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 11/25/09 *

Current On-Market Listings - 214
Average Asking Price: $165,846
Median Asking Price: $112,880
Most Expensive New Listing: $949,000 (4 BR, 5.5 BA, 5300+ sq ft bankruptcy sale in Farragut)
Least Expensive New Listing: $12,000 (2 BR, 1 BA, 1300+ sq ft in Mechanicsville)

Notable New Listings:

North: $56,900 (3 BR, 2.5 BA, 1200+ sq ft fixer upper in Powell)

South: $56,000 (4 BR, 2 BA double wide on 4 acres in South-Doyle)

East: 129,000 (3 BR, 2 BA, 1200+ sq ft on 6+ acres in Carter)

West: $269,000 (3 BR, 3.5 BA, 2900+ sq ft in Bailey Park)

Current Pending Sales -113
Average Asking Price – $97,949
Median Asking Price – $79,900

Closed Sales November 18, 2009- November 24, 2009 - 20
Average Asking Price – $98,840
Average Sales Price – $94,829
Median Sales Price – $80,000
Average Days on Market – 78

*Data taken from KAARMLS on 11/25/09 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.  Ix-nay on the am-spay.

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