Howdy Ho, Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, active and closed listings were up, while pending listings were down. Hmm…exactly the opposite of last week’s trends. And yeah, active listings are back up over 200 again, after only week below that magic number.  It was nice while it lasted, huh?

In new listing news, 37920  – that’s south Knoxville to you and me — had the most with 4. Other zips with more than one new foreclosure listing included 37917, 37918, 37921, 37924 37931, and 37934. And 37917 still carries the dubious distinction of having the most new foreclosure listings of 2009 with a grand total of 124 so far this year.

 

Meanwhile in closed foreclosure news, 37918 had the most with 2 while 37849, 37920, 37921, 37923 and 37931 had one each.

 

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 10/21/09 *

Current On-Market Listings – 204
Average Asking Price: $148,684
Median Asking Price: $89,900
Most Expensive New Listing: $829,000 (5 BR, 3.5 BA, 6700 sq ft on Lyons Bend)
Least Expensive New Listing: $8,500 (2 BR, 1 BA, 700+ sq ft in North Knox)

Notable New Listings:

North: $84,900 (3 BR, 2 BA, 1400+ sq ft in Fountain City)

South: $76,900 (2 BR, 1 BA, 1300+ sq ft off Alcoa Hwy)

East: $32,000 (2 BR, 1 BA, 900+ sq ft off Magnolia)

West: $285,000 (3 BR, 2 BA, 2400 sq ft in Village Green)

Current Pending Sales -117
Average Asking Price – $105,570
Median Asking Price – $90,000

Closed Sales October 14, 2009- October 20, 2009 - 7
Average Asking Price – $97,657
Average Sales Price – $96,057
Median Sales Price – $122,900
Average Days on Market – 34

*Data taken from KAARMLS on 10/21/09 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 the opposite of a spammer. Whatever that is.

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!

Author: Suzy

Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.

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