Wednesday, May 21, 2008

Knoxville Foreclosure Watch

Yay, more numbers! If the April Home Sales Report wasn't enough to satisfy your need for Knoxville real estate statistics, hopefully this week's episode of Foreclosure Watch will do the trick. This week sees the number of on-market foreclosure listings take a pretty big jump, while median and average closed prices, as well as average days on market, take a plunge.

This week I'm also trying out another new feature - new & notable foreclosure listings by area: north, south, east and west. Let me know what you think.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 5/21/08 *

Current On-Market Listings - 185
Average Asking Price: $127,839 ▼
Median Asking Price: $89,900 ▲
Most Expensive New Listing: $759,000 (5 BR, 6 1/2 BA, 7800+ sq ft on Cherokee Blvd)
Least Expensive New Listing: $29,900 (2 BR, 1 BA, 800+ sq ft in East Knoxville)

Notable New Listings:
North: 3 BR, 1 1/2 BA, 1400+ sq ft off of Whittle Springs
South: 3 BR, 2 BA, 2000+ sq ft off of Magazine
East: 3 BR, 2 BA, 2000+ sq ft in Holston Hills
West: 3 BR, 2 BA, approx 1500 sq ft with in-ground pool in Farragut

Current Pending Sales -102
Average Asking Price - $94,428 ▲
Median Asking Price - $76,225 ▲

Closed Sales May 14, 2008-May 20, 2008 - 8
Average Asking Price - $73,659 ▼
Average Sales Price - $71,758 ▼
Median Sales Price - $47,000 ▼
Average Days on Market - 46 ▼




*Data taken from KAARMLS on 5/20/08 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. If you'd like to receive new foreclosure listings automatically, just send me an email letting me know, and I'll do the rest.

Keep up to date on the Knoxville real estate market and be inadvertently entertained at the same time - subscribe to All Around KTown today!

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