Knoxville Housing Price Range: $50,000-$75,000

September 13, 2008

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Welcome back to my new semi-regular series, Price Range.  In the first installment of the series, we started at the very bottom of the pricing spectrum and looked at how much house you can get for less than $50,000 in K-Town. The short answer for those of you who missed it: not much.

In this edition, we’ll bump up our budget just a bit and look at what kinds of homes are on the market between $50,000 and $75,000 in Knoxville. As I write this, there are 161 homes for sale in that price range in Knox County. Their average square footage is 1094 and they have an average of 2 bedrooms and 1 bathroom.

Here’s a look at some homes currently on the market in that range in North, South, East and West Knox County. Enjoy!

North Knoxville

$51,900 (2 BR, 1 BA, 700+ sq ft on Atlantic Avenue)

$62,000 (3 BR, 1 BA, 1400+ sq ft foreclosure on Whittle Springs)

$68,900 (2 BR, 1 BA, 600+ sq ft remodeled home on Bernhurst in Ftn City)

$74,900 (3 BR, 1 BA, approx 1000 sq ft renovated home on Valley View)

South Knoxville

$59,900 (3 BR, 1 BA, 800+ sq ft in Laurel Hills)

$65,000 (2 BR, 1 BA, 700+ sq ft on McClung)

$69,000 (1 BR, 1 BA, 900+ sq ft cottage on Island Home Ave)

$74,900 (3 BR, 1 BA, 1000+ sq ft off of South Haven)

East Knoxville

$52,570 (2 BR, 1 BA, 900+ sq ft in Sunset Park)

$61,400 (3 BR, 1 BA, 1400+ sq ft foreclosure in Carter)

$69,900 (3 BR, 1 BA 1300+ sq ft Craftsman cottage off of Magnolia)

$74,000 (3 BR, 1 BA, 1000+ sq ft cottage off of Washington Ave.)

West Knoxville

$54,900 (2 BR, 1 BA, 900+ sq ft off of Sutherland Ave.)

$60,000 (2 BR, 1 BA 1800+ sq ft mobile home with acreage in pre-foreclosure in Karns)

$69,900 (2 BR, 1 BA, 800+ sq ft off of Ball Camp)

$74,900 (2 BR, 1 BA, 900+ sq ft cottage in pre-foreclosure off Sutherland Ave.)

That’s all she wrote for this price range. Join me next time when I take you on a scenic tour of Knoxville homes for sale between $75,000-$100,000. And who knows - some of them might even have more than 1 bathroom!

Knoxville Foreclosure Watch

August 13, 2008

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Hey there, Watchers. Welcome to the first edition of Foreclosure Watch on the all new All Around KTown! This week the on-market listings and pending sales are both slightly up while there were only 2, count ‘em 2, closed sales. What’s up with that?

In other news, the number of new listings is up to 24 — but still down from previous weeks — and 37915 had it’s very first new foreclosure listing since I started keeping count in mid July.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 8/13/08 *

Current On-Market Listings - 154
Average Asking Price: $141,464
Median Asking Price: $90,400
Most Expensive New Listing: $529,000 (4 BR, 2 ½ BA, 3600+ sq ft in Polo Club)
Least Expensive New Listing: $24,900 (2 BR, 1 BA, 800+ sq ft off of Magnolia)

Notable New Listings:
North: $150,000 (3 BR, 2 BA, 1500+ sq ft on 1+ acre in Halls)
South: $72,000 (3 BR, 2 BA, 2000+ sq ft off of Moody)
East: $229,900 (4 BR, 2 ½ BA, approx 2200 sq ft in Holston Hills)
West: $479,900 (3 BR, 2 full bath, 3 half bath, 3300+ sq ft in Westmoreland Heights)

Current Pending Sales -109
Average Asking Price - $91,210
Median Asking Price - $74,900

Closed Sales July 30, 2008-August 5, 2008 - 2
Average Asking Price - $118,900
Average Sales Price - $120,500
Median Sales Price - NA
Average Days on Market - 47

*Data taken from KAARMLS on 8/13/08 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. Not to worry, I hate spam as much as you do.

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!