It’s that magical time of the week again, Foreclosure Watch time. This week pending listings are slightly up, while on-market listings are slightly down and closed sales are all the way down in the single digits.

In new listing news, there were only 11 new foreclosure listings this week and 3 of them came from zip code 37917. By my liberal arts major math, that’s almost 30%. Ouch.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 8/27/08 *

Current On-Market Listings - 142
Average Asking Price: $142,559
Median Asking Price: $92,500
Most Expensive New Listing: $669,000 (4 BR, 4 1/2 BA, 4000+ sq ft in Fox Creek in West Knox)
Least Expensive New Listing: $34,000 (2 BR, 1 BA, 1200+ sq ft in East Knox)

Notable New Listings:
North: $135,900 (3 BR, 2 BA, 3400 sq ft on Buffat Mill)
South: $89,500 (4 BR, 1 1/2 BA, 1400+ sq ft in Lake Forest)
East: The “least expenisive” new listing was the only new East Knox listing!
West: $269,900 (5 BR, 3 1/2 BA, 3600+ sq ft in West Hampton)
Current Pending Sales -115
Average Asking Price - $93,485
Median Asking Price - $74,900

Closed Sales August 20, 2008-August 26, 2008 - 4
Average Asking Price - $93,825
Average Sales Price - $93,925
Median Sales Price - $90,500
Average Days on Market -57

*Data taken from KAARMLS on 8/27/08 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. No unwelcome spam will make it way to your email inbox as a result.

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!

Greetings and salutations, Foreclosure Watchers. This week, active and pending listings are slightly down, sales are way up and the average and median sales price fell back down to where it was before making its huge spike a few weeks ago.

There were 19 new listings this week and 37924 made its way onto the chart for the very first time. I also noticed that 5 zips now have the dubious distinction of having double digit new listings since I started keeping track in mid July - 37912, 37914, 37917, 37918, and 37921.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 8/20/08 *

Current On-Market Listings - 151
Average Asking Price: $135,188
Median Asking Price: $90,000
Most Expensive New Listing: $189,900 (6 BR, 2 1/2 BA, 2500+ sq ft in Cambridge in W Knox)
Least Expensive New Listing: $18,000 (2 BR, 1 BA, 800+ sq ft in need of extensive repairs in Powell)

Notable New Listings:
North: $90,000 (2 BR, 2 BA, 1000+ sq ft in North Hills)
South: $93,900 (3 BR, 2 BA, 1100+ sq ft off of Maryville Pike)
East: $27,500 (3 BR, 1 BA, 1000+ off of Asheville Hwy)
West: $130,000 (3 BR, 2 BA, 1200+ sq ft in Karns)

Current Pending Sales -107
Average Asking Price - $94,005
Median Asking Price - $74,900

Closed Sales August 12, 2008-August 19, 2008 - 15
Average Asking Price - $87,993
Average Sales Price - $76,640
Median Sales Price - $72,000
Average Days on Market -46

*Data taken from KAARMLS on 8/20/08 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!

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!

This week Neighborhood of the Week heads back to the north side of town, a little ways up from downtown, but not quite all the way to Fountain City, to a small historic community known as Lincoln Park.

Lincoln Park is located just north of the Old North Knoxville and Fourth and Gill neighborhoods and is roughly bounded by Sharps Ridge to the north, Atlantic Avenue to the south, Broadway to the east, and I-275 to the west. It is very often lumped in with the neighboring community of Oakwood, and in fact there is a joint Oakwood Lincoln Park Neighborhood Association. From that association’s web page:

The Lincoln Park community began as a mineral spring resort in 1899 and was probably named for the large Lincoln Park in Chicago. The original Lincoln Park school was located at Atlantic and Kenyon Aves. There were three mineral springs, Epsom, Lithia, and Chalybeate, located where the Lincoln Park Elementary School later stood. An early photograph shows a building with porches on at least three sides with a sign above saying, “Lincoln Park Mineral Springs.” The springs were enclosed so that people had to buy the water and much later were capped. The first school building was erected near the springs by Knox County. The dummy railroad line, which served the neighborhood, became part of the city’s trolley system, following annexation in 1917. Lincoln Park became a part of the city of Knoxville in 1917 along with Oakwood and several other neighborhoods.

The joint Oakwood/Lincoln Park neighborhood association is very active and even has its own clubhouse where neighborhood meetings are held and which residents can rent out for special events.

The homes in Lincoln Park have a lot of character. Many date from at or near the turn of the century and several have architectural characteristics of Victorian and Craftsman style homes. And even though it is a historic neighborhood, Lincoln Park is still quite affordable, especially compared to Old North Knox or Fourth and Gill.

So if you’re looking for a charming, historic, and affordable neighborhood with a strong sense of community that is also convenient to downtown and UT, you might not have to look any further than Lincoln Park.

Note: The stats for this NOTW are only for Lincoln Park. I will be covering Oakwood in a future installment.

Here’s Lincoln Park by the numbers -

Lincoln Park*

Current On-Market Listings - 7
Average Asking Price: $95,729
Median Asking Price: $89,900
Most Expensive: $115,000 (3 BR, 2 BA, approx 1300 sq ft home built in 1899)
Least Expensive: $79,500 (2 BR, 1 BA, 1100+ sq ft home built in 1930)
Middle of the Road: $89,900 (2 BR, 1 BA, 1100+ sq ft home built in 1899 )

Current Pending Sales - 3
Average Asking Price: $83,900
Median Asking Price: $99,900

Closed Sales - Jan 2008 - June 30 2008- 15
Average Asking Price - $71,627
Average Sales Price - $69,580
Median Sales Price - $65,000
Average Days on Market - 85

Closed Sales - Jan 2007 - June 30 2007- 14
Asking Price - $73,764
Average Sales Price - $71,193
Median Sales Price - $79,703
Days on Market - 72

*Data taken from KAARMLS on 8/04/08 does not include condos, PUDS, adjacent neighborhoods or multi-family units.

As always, if you want any more information about any of these properties, or if you’d like to check one of them out in person, just give me a shout.

If you would like to receive a full list of properties for sale in this neighborhood, or if you would like to be notified of new listings, send me an email with either “Current Lincoln Park Listings” or “New Lincoln Park Listings” in the subject line and I’ll take care of the rest. Spam belongs in a can, not in your email inbox.

Feeling left out because your neighborhood hasn’t yet been featured as a Neighborhood of the Week? Don’t keep it to yourself, let me know all about it.