Happy 09/09/09,  Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, active foreclosure listings finally fell for the first time in 7 weeks, pendings were up, and closings were down. All in all, fairly good news, especially considering that pending foreclosure listings are back up at their record high of 144. I don’t know about you, but I would MUCH rather see these things selling than languishing on the market.

Over in new listing land, there were a total of 18 new foreclosure listings. 37921 had the most with 4 and there were only two other zips with more than one: 37917 with 3 and 37919 with 2.

There were only 5 closed foreclosure listings last week and they were evenly spread out over 5 different zips: 37849, 37912, 37921, 37924, and 37934. And 37918 is still at the head of the class with 47 closed foreclosure listings so far this year. Can you blame folks for wanting a good deal in Fountain City?

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 9/09/09 *

Current On-Market Listings - 207
Average Asking Price: $135,024
Median Asking Price: $88,800
Most Expensive New Listing: $259,900 (3 BR, 3.5 BA, 2400+ sq ft in Westland Meadows)
Least Expensive New Listing: $9,500 (2 BR, 1 BA, 700+ sq ft off Woodland Ave)

Notable New Listings:

North: $57,500 (3 BR, 1 BA, 900+ sq ft on 1+ acres in Halls)

South: $57,900 (3 BR, 1 BA, 1200+ sq ft in Sherwood Forest)

East: No new east listings!

West: $146,900 (3 BR, 2.5 BA, 1700+ sq ft off Bob Kirby)

Current Pending Sales -144
Average Asking Price – $88,041
Median Asking Price – $75,400

Closed Sales September 02, 2009- September 08, 2009 - 5
Average Asking Price – $105,188
Average Sales Price – $104,200
Median Sales Price – $91,000
Average Days on Market – 42

*Data taken from KAARMLS on 09/09/09 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.  Spam is whack.

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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