Konichiwa, Watchers!  In this week’s edition of  Knoxville Foreclosure Watch, active foreclosure listings were slightly up, while pending and closed foreclosure listings were slightly down. For those of you keeping score at home, active listings have now been over 200 for 7 weeks straight, making it the longest consecutive period of 200+ active listings since I started watching these bad boys. Will we go for 8 or will actives finally dip back below 200? Tune in next week to fine out.  

In new listing news, Halls (37938) had, if not “it”, then at least the most new foreclosure listings with a total of 4. Other zips with more than one new listing included 37914, 37918, 37920, 37921, and 37931. And 37917 is still in first place with 127 new foreclosure listings so far this year.

There were 12 closed foreclosure listing last week and they broke down as follows: 3 in 37918 and 1 each in 37721, 37806, 37849, 37914, 37915, 37917, 37918, 37921, 37923 and 37931. Not only did 37918 hit the big 5-0 this week, it’s also in the lead for the most closed foreclosure listings so far this year.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 9/23/09 *

Current On-Market Listings - 221
Average Asking Price: $143,193
Median Asking Price: $94,900
Most Expensive New Listing: $339,900 (4 BR, 3.5 BA, 3000+ sq ft in Reagan’s Landing)
Least Expensive New Listing: $15,000 (2 BR, 1 BA, 1300+ sq ft off 5th Avenue)

Notable New Listings:

North: $208,000 (5 BR, 3 BA, 3200+ sq ft in Powell)

South: $78,500 (3 BR, 3 BA, 1400+ sq ft off Chapman Hwy)

East: $77,900 (3 BR, 2.5 BA, 1800+ sq ft in Chilhowee Hills)

West: $188,000 (3 BR, 2.5 BA, 2000+ sq ft in Benington)

Current Pending Sales -112
Average Asking Price – $96,592
Median Asking Price – $80,515

Closed Sales September 16, 2009- September 22, 2009 - 12
Average Asking Price – $83,292
Average Sales Price – $80,042
Median Sales Price – $72,450
Average Days on Market – 59

*Data taken from KAARMLS on 09/23/09 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, shpam.

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