Knoxville Foreclosure Watch

It may be two more days until the weekend, but the wait is over for this week's installment of Foreclosure Watch. This week, on-market and pending listings are down, while closings have more than doubled. Hey, have you guys been out there buying these things without me?

Also, this week: pretty new charts, one of which tracks the list price vs. sales price of the closed foreclosures. Enjoy!

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 5/28/08 *

Current On-Market Listings - 160 ▼
Average Asking Price: $131,504 ▲
Median Asking Price: $89,450 ▼
Most Expensive New Listing: $229,900 (4 BR, 2 BA, 2700+ sq ft art & craft style home off of Alcoa Highway)
Least Expensive New Listing: $24,900 (2 BR, 1 BA, 1100+ sq ft, 100+ year old home in East Knoxville)

Notable New Listings:
North: 3 BR, 2 BA, 1500+ sq ft off of Whittle Springs
East: 4 BR, 2 BA, 1800+ sq ft turn of the century home on E. Fifth Ave.
West: 4 BR, 2 1/2 BA, 1800+ sq ft in Gulf Park

Current Pending Sales -92 ▼
Average Asking Price - $84,416 ▼
Median Asking Price - $67,400 ▼

Closed Sales May 21, 2008-May 27, 2008 - 17▲
Average Asking Price - $140,391▲
Average Sales Price - $126,776 ▲
Median Sales Price - $108,900 ▲
Average Days on Market - 63 ▲






*Data taken from KAARMLS on 5/28/08 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 with "Foreclosure List" in the subject line, and I'll do the rest.

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