Well, the world’s still here, so that means another week of Foreclosure Watch. This week active listings are continuing their ever upward trend, pendings are down even lower than last week, and closings are down as well.  Are these numbers an indication of things to come? Will we be seeing more foreclosures on the market and less of them being bought? Only time & Foreclosure Watch will tell.

In new listing news, 37914 had the most with a whopping 8 new listings. Other zips that contributed more than one new listings this week were 37912, 37917, 37918, 37920, 37924 and 37938.

There were only four closed listings and they came from zip codes 37849, 37914,37918, 37934.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 10/01/08 *

Current On-Market Listings - 174
Average Asking Price: $132,807
Median Asking Price: $94,500
Most Expensive New Listing: $395,500 (5 BR, 3 1/2 BA, 2800+ sq ft, 1 yr old home in Farragut)
Least Expensive New Listing: $19,570 (2 BR, 1 BA, 800+ sq ft in East Knoxville off Magnolia)

Notable New Listings:
North: $39,900 (2 BR, 2 BA, 1500+ sq ft in Lincoln Park)
South: $114,000 (3 BR, 2 1/2 BA, 1200+ sq ft off of Chapman Highway)
East: $79,900 (3 BR, 1 BA, 1300+ sq ft renovated bungalow on Parkview)
West: $215,000 (3 BR, 3 1/2 BA, 2600+ sq ft in Hidden Glen)

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Current Pending Sales -89
Average Asking Price - $86,029
Median Asking Price - $69,900

Closed Sales October 01, 2008-October 07, 2008 - 4
Average Asking Price - $99,275
Average Sales Price - $96,065
Median Sales Price - $88,750
Average Days on Market -44

*Data taken from KAARMLS on 10/08/08 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. I hate spam just as much as the next guy.

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!

You still with me, Watchers? I know it’s strange times out there right now, but the weirder the economy gets, the more of these foreclosures there are probably going to be to watch. And since we may all actually own a stake in them soon, I’d say watching them is now more important than ever. Agreed? Then let’s get to it.

In this week’s episode of Foreclosure Watch, active listings are up, while pendings and closings are slightly down.

In new listing news, 37918 had the most new listings with 4, but 37917 is still well in the lead with 42 since I began keeping track in mid July. Other zips that contributed more than one new listings this week were 37914, 37917, and 37919. Yeah, West Knoxvillians get foreclosed on too. One zip code, 37938, joined the double digit club with 10 new foreclosure listings so far (insert obligatory “Halls has it” joke here).

In closed listing news, 37915 and 37917 both had 2, while 37913, 37918, 37921, 37922 and 37924 each had one.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 9/24/08 *

Current On-Market Listings - 165
Average Asking Price: $133,972
Median Asking Price: $90,000
Most Expensive New Listing: $698,900 (5 BR, 6 1/2 BA, 7800+ sq ft on Cherokee Blvd)
Least Expensive New Listing: $17,900 (2 BR, 1 BA, approx 1000 sq ft in Mechanicsville)

Notable New Listings:
North: $89,000 (3 BR, 1 BA, 1200+ sq ft in Fountain City)
South: $84,900 (4 BR, 2 1/2 BA, 1700+ sq ft in Lake Forest)
Downtown: $44,000 (2 BR, 1 BA, 900+ sq ft in Old Mechanicsville)
West: $69,900 (3 BR, 2 BA, 900+ sq ft off of Sutherland Ave.)

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Current Pending Sales -107
Average Asking Price - $96,699
Median Asking Price - $72,500

Closed Sales September 17, 2008-September 23, 2008 - 8
Average Asking Price - $61,663
Average Sales Price - $56,150
Median Sales Price - $38,450
Average Days on Market -54

*Data taken from KAARMLS on 9/24/08 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-a-lot is a Broadway musical, not something that will happen if you send me your email address.

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!

‘Sup, Watchers? In this week’s edition of Foreclosure Watch, active and pending listings stayed at exactly the same number as last week, and closings doubled.

In new listing news, 37917 once again had the most new listings with 5, and is still way in the lead. Other zips that contributed more than one new listings this week were 37914, 37920 and 37921. Meanwhile, 37721 had its first listing since I started keeping count and 37922 joined the double digit club with 10 new listings so far.

In closed listing news, 37914 was the winner with 3 closings, while 37917 came in 2nd with 2. Is it any coincidence that the two zips with the highest number of new foreclosure listings are also the two zips that have had the most closed sales in the last two weeks? I’m just sayin’.

In totally unrelated statistical anomaly news, 5 of this week’s 10 closed listings were on the market for exactly 8 days. Weird, right?

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 9/17/08 *

Current On-Market Listings - 158
Average Asking Price: $131,248
Median Asking Price: $91,950
Most Expensive New Listing: $284,900 (4 BR, 2 1/2 BA, 3000+ sq ft in Cobble Stone Park)
Least Expensive New Listing: $19,900 (5 BR, 5 BA, 1700+ sq ft on E. 5th Ave in need of total rehab)

Notable New Listings:
North: $107,900 (3 BR, 2 BA, 1400+ sq ft in Cedar Chase in Halls)
South: $113,900 (3 BR, 2 1/2 BA, 2000+ sq ft in Arrowhead)
East: $57,900 (3 BR, 1 1/2 BA, 1400+ sq ft in Holston Hills)
West: $109,900 (2 BR, 1 BA, 900+ sq ft in Devanshire off of Lovell Rd.)

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Current Pending Sales -109
Average Asking Price - $96,182
Median Asking Price - $72,500

Closed Sales September 03, 2008-September 09, 2008 - 10
Average Asking Price - $65,455
Average Sales Price - $59,840
Median Sales Price - $47,450
Average Days on Market -24

*Data taken from KAARMLS on 9/17/08 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. I’m a Realtor, not a spammer.

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!