Welcome back, Foreclosure watchers. In this week's edition, the on-market foreclosure listings are at roughly the same level as last week, while pendings are up and closings are down.
Here's the break down -
Knox County Foreclosure Property Statistics as of 4/23/08 *
Current On-Market Listings - 161
Average Asking Price: $135,060
Median Asking Price: $88,000
Most Expensive New Listing: 7 BR, 5 BA, approx 7300 sq ft home in Sequoyah Hills
Least Expensive New Listing: 3 BR, 1 BA, approx 1100 sq ft in Bon View in East Knox
Honorable Mention: 4 BR, 2 BA, approx 1400 sq ft in Red Bud Hills in South Knox
Current Pending Sales -100
Average Asking Price - $96,958
Median Asking Price - $79,900
Closed Sales April 16, 2008-April 22, 2008 - 4
Average Asking Price - $102,950
Average Sales Price - $103,000
Median Sales Price - $106,450
Average Days on Market - 77
*Data taken from KAARMLS on 4/23/08 for Knox County single family residential properties only, and does not include condos or PUDS.
Any thoughts on this week's edition? I'd love to hear them below.
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Wednesday, April 23, 2008
Knoxville Foreclosure Watch
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1 comments:
I have just read article about Nevada, saying that 1 of 11 nevadians is expecting foreclosure in next two years. I am Toronto real estate agent and such numbers seem almost unbelievable to me. And median price 88000$$ in Knoxville for foreclosure? I am really curios when the buying fever will break out...
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