Knoxville Foreclosure Watch

Welcome back, fellow Foreclosure Watchers and thanks for your patience with yesterday's technical difficulties. We're a day late, but not short on foreclosures. Although listings are roughly the same and pendings are down, closings are way up. Oh, and average DOM is way up too. Let's get to the numbers:

Knox County Foreclosure Property Statistics as of 5/08/08 *

Current On-Market Listings - 157
Average Asking Price: $128,732
Median Asking Price: $89,900
Most Expensive New Listing: 4 BR, 2 BA, approx 2400 sq ft in Seven Springs off of Middlebrook
Least Expensive New Listing: 2 BR, 1 BA, approx 1200 sq ft in Mechanicsville
New Honorable Mention: 3 BR, 3 BA on 1.6 acres with 4 car garage in Fountain City

Current Pending Sales -95
Average Asking Price - $94,927
Median Asking Price - $74,900

Closed Sales April 29, 2008-May 6, 2008 - 17
Average Asking Price - $106,929
Average Sales Price - $102,897
Median Sales Price - $97,000
Average Days on Market - 55




*Data taken from KAARMLS on 5/08/08 for Knox County single family residential properties only, and does not include condos or PUDS.

As always, if you have any questions about any of these properties, feel free to drop me a line.

I've had some great suggestions on ways to improve Foreclosure Watch - look for some new features and additional FW posts in the very near future! Have your own suggestions? Let me know in the comments.

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