Knoxville Foreclosure Watch

Welcome back to Foreclosure Watch. Things are eerily quiet here at Foreclosure Watch HQ this week as on-market listings are staying put at 148, pendings only slightly climbed to 104 and sales dropped just a tiny smidge to 8. I guess no news is better than bad news, right?

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 6/11/08 *

Current On-Market Listings - 149 ▬
Average Asking Price: $134,639 ▼
Median Asking Price: $89,900 ▲
Most Expensive New Listing: $199,900 (4 BR, 2 1/2 BA, 2000+ sq ft in Sterchi Hills )
Least Expensive New Listing: $9,900 (2 BR, 1 BA home in need of major repair in Mechanicsville)

Notable New Listings:
North: 3 BR, 2 BA, 1200+ sq ft in Halls
South: 3 BR, 2 BA, 1900+ sq ft brick rancher off of John Sevier Hwy
East: 4 BR, 2 1/2 BA, 2000+ sq ft in Holston Hills
West: 3 BR, 1 BA, 900+ sq ft on Concord Rd

Current Pending Sales -104 ▲
Average Asking Price - $84,746 ▲
Median Asking Price - $68,400 ▲

Closed Sales June 04, 2008-June 10, 2008 - 8▼
Average Asking Price - $99,975▼
Average Sales Price - $96,756 ▼
Median Sales Price - $96,750 ▲
Average Days on Market - 61 ▼





















*Data taken from KAARMLS on 6/11/08 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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