Knoxville Foreclosure Watch

Another week, another installment of Foreclosure Watch. This week brings a new feature - handy arrows out to the right of the stats, indicating if the numbers are up or down from last week. I am also going to be experimenting with some different kinds of charts in the coming weeks, and I highly encourage your (constructive) feedback.

I have had some requests for more area specific foreclosure stats. For those of you wanting very specific info - a particular subdivision or neighborhood - send me an email letting me know what you're looking for and I can send it to you on an individual basis. Broader areas, such as North, South, West, and East Knoxville, will be getting their own special installments and/ or charts. I'm still working out how best to do this, and again, any helpful suggestions would be greatly appreciated. Remember: I was a liberal arts major.

But enough jibber jabber, let's look at some bank-owned properties, shall we?

Knox County Foreclosure Property Statistics as of 5/14/08 *

Current On-Market Listings - 147 ▼
Average Asking Price: $128,950 ▲
Median Asking Price: $87,900 ▼
Most Expensive New Listing: $ 469,900 (5 BR, 4 1/2 BA, 5900+ sq ft in Powell)
Least Expensive New Listing: $20,000 (2 BR, 1 BA 750+ sq ft in North Knoxville)
New Honorable Mention: $90,000 (3 BR, 2 BA, 1100+ sq ft in Fountain City)

Current Pending Sales -104 ▲
Average Asking Price - $91, 149 ▼
Median Asking Price - $74,900 ▬

Closed Sales May 7, 2008-May 13, 2008 - 9▼
Average Asking Price - $118,432 ▲
Average Sales Price - $114,232 ▲
Median Sales Price - $105,000 ▲
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.

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