Knoxville Foreclosure Watch

Well, hello there, Watchers. In this week's installment of Foreclosure Watch, listings are slightly up, while pendings and closings are slightly down. Days on Market is back up where it was before last week's sudden free fall and average list and sales price is making its first upward move in several weeks.

Technical note: RealFocus, the source of the fancy shmancy listing sheets I link to here, has been having some problems this week. Please be patient if these links don't work properly for the next few days. Sorry!

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 6/25/08 *

Current On-Market Listings - 157 ▼
Average Asking Price: $122,653 ▼
Median Asking Price: $85,500 ▼
Most Expensive New Listing: $249,900 (4 BR, 2 1/2 BA 2700+ sq ft in Halls)
Least Expensive New Listing: $26,900 (3 BR, 1 BA, 1100+ sq ft in East Knox)

Notable New Listings:
North: 3 BR, 2 1/2 BA, 1500+ sq ft in Halls
South: 4 BR, 1 1/2 BA, 1400+ sq ft in Lake Forest
East: 3 BR, 2 BA, 1500+ sq ft on 4+ acres in Carter
West: 3 BR, 2 BA, 2700+ sq ft in Ashley Oaks

Current Pending Sales -112 ▲
Average Asking Price - $89,667 ▲
Median Asking Price - $69,900 ▼

Closed Sales June 18, 2008-June 24, 2008 - 9 ▼
Average Asking Price - $83,844▲
Average Sales Price - $70,430▲
Median Sales Price - $66,500 ▼
Average Days on Market - 62 ▲









*Data taken from KAARMLS on 6/25/08 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. No yucky spam is involved, I swear.

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