Knoxville Foreclosure Watch

Thanks for coming back to catch the lastest edition of Foreclosure Watch. This week, since all the numbers are once again more or less the same, I thought I'd try something new and take a look at where the new foreclosure listings are coming from. I decided the easiest way to do this was by zip code. Check it out:


















I hope that's not too hard to read (or causing blindness). I'm thinking about keeping a running tally of all new foreclosures by zip to see which areas stand out as "foreclosure rich." Thoughts?

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 7/16/08 *

Current On-Market Listings - 160 ▲
Average Asking Price: $140,066 ▲
Median Asking Price: $89,900 ▬
Most Expensive New Listing: $299,900 (3 BR, 2 BA, 2200 sq ft on 5+ acres near Watt Rd)
Least Expensive New Listing: $19,900 (3 BR, 1 BA, 900+ sq ft in Mechanicsville)

Notable New Listings:
North: $79,900 (4 BR, 1 BA, 1500+ sq ft on 6 acres in Powell)
South: $94,900 (3 BR, 1 BA, 1200+ sq ft on 1.4 acres off of Sevierville Pike)
East: $72,500 (3 BR, 2 BA, 1500+ sq ft on 4+ acres in Carter)
West: $199,900 (4 BR, 2 1/2 BA, 2200+ sq ft in Westhampton)

Current Pending Sales -107 ▲
Average Asking Price - $90,646 ▼
Median Asking Price - $80,655 ▲

Closed Sales July 09, 2008-July 15, 2008 - 9 ▲
Average Asking Price - $95,767▲
Average Sales Price - $90,594▼
Median Sales Price - $59,900 ▼
Average Days on Market - 44 ▬



*Data taken from KAARMLS on 7/16/08 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. Spam is for losers.

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