Knoxville Foreclosure Watch

This is week #2 of Foreclosure Watch and oh what a week it's been. I've been working on ways to present this information so it is easier to digest, but due to the short sale that wouldn't die, I haven't had as much time for charts and graphs as I had hoped. Please bear with me as I get all the bells and whistles up to speed.

Knox County Foreclosure Property Statistics as of 4/16/08 *

Current On-Market Listings - 158
Average Asking Price: $136,935
Median Asking Price: $87,450
Most Expensive New Listing: 5 BR, 4 BA, approx 4600 sq ft home in Choto area
Least Expensive New Listing: 2 BR, 1 BA, approx 780 sq ft home in Mechanicsville
Honorable Mention: 3 BR, 2 BA, approx 1100 sq ft home off of Tazewell Pike

Current Pending Sales -91
Average Asking Price - $91,881
Median Asking Price - $81,900

Closed Sales April 2, 2008-April 8, 2008 - 12
Average Sales Price - $94,942
Median Sales Price - $60,000
Average Days on Market - 61




*Data taken from KAARMLS on 4/15/08 for Knox County single family residential properties only, and does not include condos or PUDS.

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