Knoxville Foreclosure Watch: October 9, 2009
Well, better late than never, right Watchers? Sometimes life gets in the way of foreclosure watchin’, as it did this week when technical difficulties and out of town travels got the better of me. But I’m back in town and the ghosts are out of the machine, so let’s throw down on some foreclosure stats, shall we?
In this week’s edition of Knoxville Foreclosure Watch, active, pending, and closed foreclosure listings were all slightly down. And yes, actives are still over that magical 200 mark — it looks like we might be there for a while, huh?
In new foreclosure news, 37918 had the most with 4. What up, Fountain City? Other zips with more than one new foreclosure listing included 37915, 37917, 37921 and 37938. 
37914 had 4 of the 12 closed foreclosure listings last week, while 37849 and 37917 had 2 each. 37912, 37918, 37919, and 37920 had 1 each. And 37918 is in the lead for most closed foreclosure listings so far this year with 53. Again I ask, what up, Fountain City?
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 10/09/09 *
Current On-Market Listings - 207
Average Asking Price: $151,932
Median Asking Price: $99,900
Most Expensive New Listing: $559,900 (4 BR, 3.5 BA, 4000+ sq ft in Powell)
Least Expensive New Listing: $14,850 (2 BR, 1 BA, 800+ sq ft in East Knoxville)
Notable New Listings:
North: $107,000 (3 BR, 3 BA, 2600+ sq ft in Fountain City)
South: No new south listings!
East: $103,000 (3 BR, 1.5 BA, 1300+ sq ft in Carter)
West: $94,900 (3 BR, 2 BA, 1300 sq ft in Karns)
Current Pending Sales -113
Average Asking Price – $99,637
Median Asking Price – $89,800
Closed Sales September 30, 2009- October 06, 2009 - 12
Average Asking Price – $67,193
Average Sales Price – $62,238
Median Sales Price – $33,500
Average Days on Market – 41
*Data taken from KAARMLS on 10/09/09 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. Do you really think I’d spam you?
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Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
[...] 200 – if just barely – for the first time in 9 whole weeks! Looks like I have to eat my words from last week, [...]