Knoxville Foreclosure Watch

We're coming up on a nice, long holiday weekend, but before you head out of town or even out to the backyard for a burger, don't forget there are still some foreclosures over here that need watching. In this week's installment of Foreclosure Watch, actives and pendings remain more or less steady while the number of closings more than doubled. And I'm thinking you're thinking what I'm thinking - that this last is due to it being the end of the month. That is what you were thinking wasn't it?

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 7/02/08 *

Current On-Market Listings - 158 ▲
Average Asking Price: $130,099 ▲
Median Asking Price: $86,700 ▲
Most Expensive New Listing: $399,500 (4 BR, 4 BA, 4000+ sq ft on 2.5 acres in Fountain City)
Least Expensive New Listing: $36,800 (3 BR, 2 BA, approx 1700 sq ft craftsman in E. Knox)

Notable New Listings:
North: $ 135, 900 (4 BR, 2 BA, 2900+ sq ft in Fountain City)
South: $49,900 (3 BR, 1 BA, 1100+ sq ft off of Woodson)
East: $204,900 (3 BR, 2 BA, 3000+ sq ft on 7+ acres in Carter)
West: $162,000 (3 BR, 2 1/2 BA, 1700+ sq ft off of Bob Kirby)

Current Pending Sales -99 ▼
Average Asking Price - $90,096 ▲
Median Asking Price - $74,900 ▲

Closed Sales June 25, 2008-July 01, 2008 - 21 ▲
Average Asking Price - $95,514▲
Average Sales Price - $90,737▲
Median Sales Price - $39,900 ▼
Average Days on Market - 68 ▲







*Data taken from KAARMLS on 7/02/08 for Knox County single family residential properties only, and does not include condos or PUDS.

As always, if you need more information on any of these properties, just drop me a line.

If you'd like to receive new foreclosure listings automatically, send me an email with "Foreclosure List" in the subject line, and I'll do the rest. No icky spam, you've got my word.

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