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 is back in West Knoxville in a nice, little community called Benington.

Located just south of Westland on the west side of Ebenezer Road, Benington is a neighborhood made up of tradional-style homes. And although there is a section of much larger homes built in the mid 90s, most of the homes in the neighborhood were built in the 80s and early 90s and are right at or under 2000 square feet.

One of the best things about Benington — other than its convenience to Kingston Pike, Westland Drive, Northshore Drive, Bluegrass Elementary, I-40 and I-140 — is its neighborhood pool and joint Benington/Farrington (another nearby neighborhood) recreation association.  Pool membership for residents costs between $250 -$275 per summer and there are regularly scheduled “Dive-In” movie nights, when you can, according to the Benington/Farington Recreation Association website, “enjoy popcorn, snacks and a movie under the stars.” There is also a BFRA swim team and pool members may also sign up for swim lessons for an additional charge.

So if you’re looking to be in West Knoxville with a pool, but don’t want to break the bank or actually have any pool maintenance, Benington might be a good place to check out.

Take a look at these great shots of Benington, taken by photograhper Robert Stockdale. He will be regularly contributing to NOTW and you can check out his website here.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

© 2008 Robert Stockdale, Photography, All Rights Reserved.

Here’s Benington by the numbers -

Benington*

Current On-Market Listings - 4
Average Asking Price: $259,900
Median Asking Price: $272,400
Most Expensive: $314,900 (4 BR, 3 1/2 BA, approx 3300 sq ft)
Least Expensive $179,900 (3 BR, 2 1/2 BA, 1500+ sq ft)
Middle of the Road: $264,900 (3 BR, 2 1/2 BA, approx 2600 sq ft)

Current Pending Sales - 3
Average Asking Price: $196,633
Median Asking Price: $174,000

Closed Sales - Jan 2008 - June 30 2008- 8
Average Asking Price - $203,050
Average Sales Price - $194,856
Median Sales Price - $180,000
Average Days on Market -74

Closed Sales - Jan 2007 - June 30 2007- 9
Asking Price - $219,833
Average Sales Price - $214,867
Median Sales Price - $209,000
Days on Market -26

*Data taken from KAARMLS on 8/11/08 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 Benington Listings” or “New Benington Listings” in the subject line and I’ll take care of the rest. Spam belongs in a can, not in your email inbox.

Do you live in a great Knoxville neighborhood you’d like to share with the world? Tell me about it and you might just see it featured here one day soon.