Knoxville Foreclosure Watch

Word up to the Watchers. In this week's edition of Foreclosure Watch, on-market listings and pending sales are slightly down, while closed sales have almost doubled. This week I'm also continuing my experiment of tracking new foreclosures by zip code. Here's how they're breaking down so far-

















So far it still looks like the majority of the new listings are coming from north and east Knox. It will be interesting to see how each area develops over time.

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 7/23/08 *

Current On-Market Listings - 155 ▼
Average Asking Price: $132,516 ▼
Median Asking Price: $89,900 ▬
Most Expensive New Listing: $430,000 (3 BR, 3 1/2 BA, 3500+ sq ft in Fox Run)
Least Expensive New Listing: $24,900 (2 BR, 1 BA, 800+ sq ft in Lonsdale)

Notable New Listings:
North: $72,900 (3 BR, 1 1/2 BA, 1500+ sq ft in Fountain City Heights)
South: No new South foreclosures this week!
East: $35,500 (3 BR, 1 1/2 BA, 1100+ sq ft on Biddle St.)
West: $129,900 (4 BR, 2 BA on 1+ acre in Hardin Valley)

Current Pending Sales -105 ▼
Average Asking Price - $95,977▲
Median Asking Price - $79,900▼

Closed Sales July 09, 2008-July 15, 2008 - 15 ▲
Average Asking Price - $88,253▼
Average Sales Price - $85,033▼
Median Sales Price - $87,200 ▲
Average Days on Market - 54 ▲



*Data taken from KAARMLS on 7/23/08 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. This is a spam free zone.

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