adventures in knoxville real estate by suzy trotta

Knoxville Foreclosure Watch: September 8, 2010

Nice to see ya again, Watchers! This week on Knoxville Foreclosure Watch, active and pending foreclosure listings were both slightly up, while closings were way down. But hey, it’s not the end of the month any more, so whatdaya want?

In new listing news, 37917 was the clear winner with 4 new foreclosure listings last week. Other zips with more than one new listing included 37914, 37918, 37920, 37921, and 37938.

Over in closed listings, 37912 was the only zip with more than 1 and it only had 2. Others zips that had a closed foreclosure listings last week were 37721, 37920, 37921, and 37922. And 37918 is in the lead so far this year with a total of 51 closed foreclosure listings.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 09/08/10*

Current On-Market Listings - 211
Average Asking Price: $137,523
Median Asking Price: $99,900
Most Expensive New Listing: $675,000 (6 BR, 4 full BA, 2 half BA, 6500+ sq ft in Montgomery Cove)
Least Expensive New Listing: $12,900 (2 BR, 1 BA, 1100+ sq ft in Lonsdale)

Notable New Listings:

North: $47,900 (2 BR, 2 BA, 900+ sq ft in Fountain City Heights)

South: $129,900 (4 BR, 2.5 BA, 2100+ sq ft in Arrowhead)

East: $19,500 (3 BR, 2 BA, 1300+ sq ft off Magnolia)

West: $259,900 (3 BR, 2.5 BA, 2500+ sq ft in Westhampton)

Current Pending Sales - 102
Average Asking Price – $108,734
Median Asking Price – $79,900

Closed Sales September 01, 2010- September 07, 2010 - 6
Average Asking Price – $112,525
Average Sales Price – $102,817
Median Sales Price – $60,250
Average Days on Market – 77

*Data taken from KAARMLS on 09/08/2010 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. Whatchu talkin’ about, spam?

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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Author: Suzy

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

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