adventures in knoxville real estate by suzy trotta

Knoxville Foreclosure Watch: October 28, 2009

Happy Almost Halloween, Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, active, pending and closed listings were all just slightly up. In other words, no treats, but no tricks really either.

In new listing news, 37918 had the most new foreclosure listings with 5. There were only 3 other zips with more than one new foreclosure listing last week: 37917, 37920, and 37921.

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There were 12 closed foreclosure listings last week and they were fairly spread out: 2 each in 37721, 37918, and 37921 and 1 each in 37849, 37914, 37915, 37922, 37923, and 37934. And 37918 is still Knoxville’s most popular foreclosure buying spot, with 59 closed foreclosure listings so far this year.

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Now for the breakdown -

Knox County Foreclosure Property Statistics as of 10/28/09 *

Current On-Market Listings – 206
Average Asking Price: $148,436
Median Asking Price: $92,400
Most Expensive New Listing: $293,313 (4 BR, 3 BA, 3500+ sq ft in Reagan Landing)
Least Expensive New Listing: $24,000 (2 BR, 1 BA, 900+ sq ft in Gibbs)

Notable New Listings:

North: $109,900 (6 BR, 2.5 BA, 2900+ sq ft in Fountain City)

South: $139,000 (3 BR, 2 BA, 1800+ sq ft off Tipton Station)

East: $79,900 (3 BR, 1.5 BA, 1500+ sq ft off Asheville Hwy)

West: $118,000 (3 BR, 2 BA, 1400+ sq ft in Farragut)

Current Pending Sales -119
Average Asking Price – $97,838
Median Asking Price – $86,900

Closed Sales October 21, 2009- October 27, 2009 - 12
Average Asking Price – $181,839
Average Sales Price – $175,769
Median Sales Price – $149,000
Average Days on Market – 33

*Data taken from KAARMLS on 10/28/09 for Knox County single family residential properties only, and does not include condos or PUDS.

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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 only spam you if you spam me first.

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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833 days ago 0 Comments Short URL

Author: Suzy

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

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