Knoxville Foreclosure Watch: March 17, 2010
Erin Go Bragh, Watchers, and welcome to the 500th post here at All Around KTown! Yippee! This week on Foreclosure Watch, active listings were slightly down, pendings were slightly up and closings more than tripled. It’s not a pot of gold at the end of a rainbow, but I’ll take it.
In new listing news, 37918 and 37920 tied for first place with 4 new foreclosure listings each. Other zip codes with more than one new listing included 37912, 37914, 37917, 37919, 37921, and 37924. So far this year 37927 and 37921 are tied for first place overall with 29 total new foreclosure listings each, while 37918 is right behind ‘em with 28.
There were 13 closed foreclosure listings last week, and they were pretty spread out with 2 each in 37721, 37917, and 37921 and 1 each in 37849, 37912, 37914, 37918, 37919 and 37931.
Now for the breakdown -
Knox County Foreclosure Property Statistics as of 03/17/10 *
Current On-Market Listings - 200
Average Asking Price: $152,788
Median Asking Price: $104,950
Most Expensive New Listing: $214,000 (3 BR, 1.5 BA, 2600+ sq ft in Fountain City)
Least Expensive New Listing: $13,500 (2 BR, 1 BA, 700+ sq ft in South Doyle)
Notable New Listings:
North: $125,900 (3 BR, 2 BA, 1600+ sq ft in Powell)
South: $148,900 (3 BR, 2 BA, 1600+ sq ft in Lake Forest)
East: $52,500 (2 BR, 2 BA, 1000+ sq ft in Holston Hills area)
West: $175,000 (4 BR, 3.5 BA, 2700+ sq ft in West Hampton)
Current Pending Sales - 120
Average Asking Price – $115,393
Median Asking Price – $102,495
Closed Sales March 10, 2010- March 16, 2010 - 13
Average Asking Price – $115,023
Average Sales Price – $109,195
Median Sales Price – $60,000
Average Days on Market – 54
*Data taken from KAARMLS on 03/17/2010 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. Spam is just so desperate.
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Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.