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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Knoxville Foreclosure Watch

Konichiwa, Watchers. This week on Foreclosure Watch, the on-market listings are up, closed prices are down, and days on market is way down. DOM dropped so much, I decided to go back and take a look to see how it's been fluctuating over the last few months. Here's a nifty chart:


















It looks like this week's drop is the biggest since early May. Several of the properties that closed this week were on the market less than 2 weeks. I'm going to watch this over the next few weeks to see if it's a trend or just a fluke. Any thoughts?

On a technical note: I'm linking to new property info sheets this week. Let me know what you think and which one, old or new, you like better. Thanks!

Now for the breakdown:

Knox County Foreclosure Property Statistics as of 6/18/08 *

Current On-Market Listings - 160 ▲
Average Asking Price: $127,971 ▼
Median Asking Price: $86,700 ▼
Most Expensive New Listing: $314,900 (5 BR, 3 1/2 BA, 4700+ sq ft in Concord Hills )
Least Expensive New Listing: $17,500 (2 BR, 1 BA, 1000+ sq ft in East Knoxville)

Notable New Listings:
North: 3 BR, 1 1/2 BA, 1900+ sq ft on Emoriland
South: 4 BR, 2 BA, 1300+ sq ft brick rancher off of Sevier
East: 3 BR, 1 1/2 BA, 1100+ sq ft in Holston Heights
West: 3 BR, 2 1/2 BA, 1600+ sq ft in Farmington

Current Pending Sales -107 ▲
Average Asking Price - $87,062 ▲
Median Asking Price - $74,900 ▲

Closed Sales June 11, 2008-June 17, 2008 - 10 ▲
Average Asking Price - $77,090▼
Average Sales Price - $70,800 ▼
Median Sales Price - $69,501 ▼
Average Days on Market - 37 ▼






Sorry! Due to some technical difficulties and lack of patience, no average sales price chart this week!

*Data taken from KAARMLS on 6/18/08 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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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.

Ever wonder what the heck I'm talking about when I ask you to subscribe to All Around K-Town? Check out this great explanation from Casey Peters at Knoxify on what this RSS subscription stuff is all about.

Knoxville Foreclosure Watch

What's up Watchers? This week Knoxville's on-market foreclosure listings and sales are down, while pending sales are up. And although closings are down this week, I have a feeling that as the weather gets warmer, we may be seeing more and more pendings and closings as banks finally get willing to take less money for these properties that are only weighing them down. What do you think?

But enough about the future. Here's the current breakdown -

Knox County Foreclosure Property Statistics as of 6/04/08 *

Current On-Market Listings - 148 ▼
Average Asking Price: $137,784 ▲
Median Asking Price: $89,450 ▬
Most Expensive New Listing: $520,000 (New 5 BR, 3 1/2, 4200 sq ft home off of Northshore)
Least Expensive New Listing: $34,900 (2 BR, 1 BA home in Mechanicsville)

Notable New Listings:
North: 4 BR, 2 1/2 BA, 2400+ sq ft home in Halls
South: 3 BR, 1 1/2 BA, 1700+ sq ft in Colonial Village
East: 4 BR, 2 BA, 1400+ sq ft 85 yr. old brick home off of Magnolia
West: 3 BR, 2 1/2 BA, 2500+ sq ft in Cambridge

Current Pending Sales -100 ▲
Average Asking Price - $80,611 ▼
Median Asking Price - $67,400 ▬

Closed Sales May 28, 2008-June 03, 2008 - 10▼
Average Asking Price - $111,320▼
Average Sales Price - $106,671 ▼
Median Sales Price - $73,950 ▲
Average Days on Market - 65 ▲




*Data taken from KAARMLS on 6/04/08 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.

Why put off til tomorrow what you could do today? Go ahead and subscribe to All Around KTown while you're here.

Knoxville Foreclosure Watch

It may be two more days until the weekend, but the wait is over for this week's installment of Foreclosure Watch. This week, on-market and pending listings are down, while closings have more than doubled. Hey, have you guys been out there buying these things without me?

Also, this week: pretty new charts, one of which tracks the list price vs. sales price of the closed foreclosures. Enjoy!

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 5/28/08 *

Current On-Market Listings - 160 ▼
Average Asking Price: $131,504 ▲
Median Asking Price: $89,450 ▼
Most Expensive New Listing: $229,900 (4 BR, 2 BA, 2700+ sq ft art & craft style home off of Alcoa Highway)
Least Expensive New Listing: $24,900 (2 BR, 1 BA, 1100+ sq ft, 100+ year old home in East Knoxville)

Notable New Listings:
North: 3 BR, 2 BA, 1500+ sq ft off of Whittle Springs
East: 4 BR, 2 BA, 1800+ sq ft turn of the century home on E. Fifth Ave.
West: 4 BR, 2 1/2 BA, 1800+ sq ft in Gulf Park

Current Pending Sales -92 ▼
Average Asking Price - $84,416 ▼
Median Asking Price - $67,400 ▼

Closed Sales May 21, 2008-May 27, 2008 - 17▲
Average Asking Price - $140,391▲
Average Sales Price - $126,776 ▲
Median Sales Price - $108,900 ▲
Average Days on Market - 63 ▲






*Data taken from KAARMLS on 5/28/08 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.

Get in with the Knoxville real estate in-crowd - subscribe to All Around KTown today!

Knoxville Foreclosure Watch

Yay, more numbers! If the April Home Sales Report wasn't enough to satisfy your need for Knoxville real estate statistics, hopefully this week's episode of Foreclosure Watch will do the trick. This week sees the number of on-market foreclosure listings take a pretty big jump, while median and average closed prices, as well as average days on market, take a plunge.

This week I'm also trying out another new feature - new & notable foreclosure listings by area: north, south, east and west. Let me know what you think.

Now for the breakdown -

Knox County Foreclosure Property Statistics as of 5/21/08 *

Current On-Market Listings - 185 ▲
Average Asking Price: $127,839 ▼
Median Asking Price: $89,900 ▲
Most Expensive New Listing: $759,000 (5 BR, 6 1/2 BA, 7800+ sq ft on Cherokee Blvd)
Least Expensive New Listing: $29,900 (2 BR, 1 BA, 800+ sq ft in East Knoxville)

Notable New Listings:
North: 3 BR, 1 1/2 BA, 1400+ sq ft off of Whittle Springs
South: 3 BR, 2 BA, 2000+ sq ft off of Magazine
East: 3 BR, 2 BA, 2000+ sq ft in Holston Hills
West: 3 BR, 2 BA, approx 1500 sq ft with in-ground pool in Farragut

Current Pending Sales -102 ▼
Average Asking Price - $94,428 ▲
Median Asking Price - $76,225 ▲

Closed Sales May 14, 2008-May 20, 2008 - 8▼
Average Asking Price - $73,659 ▼
Average Sales Price - $71,758 ▼
Median Sales Price - $47,000 ▼
Average Days on Market - 46 ▼




*Data taken from KAARMLS on 5/20/08 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 letting me know, and I'll do the rest.

Keep up to date on the Knoxville real estate market and be inadvertently entertained at the same time - subscribe to All Around KTown today!

Knoxville Foreclosure Watch

Another week, another installment of Foreclosure Watch. This week brings a new feature - handy arrows out to the right of the stats, indicating if the numbers are up or down from last week. I am also going to be experimenting with some different kinds of charts in the coming weeks, and I highly encourage your (constructive) feedback.

I have had some requests for more area specific foreclosure stats. For those of you wanting very specific info - a particular subdivision or neighborhood - send me an email letting me know what you're looking for and I can send it to you on an individual basis. Broader areas, such as North, South, West, and East Knoxville, will be getting their own special installments and/ or charts. I'm still working out how best to do this, and again, any helpful suggestions would be greatly appreciated. Remember: I was a liberal arts major.

But enough jibber jabber, let's look at some bank-owned properties, shall we?

Knox County Foreclosure Property Statistics as of 5/14/08 *

Current On-Market Listings - 147 ▼
Average Asking Price: $128,950 ▲
Median Asking Price: $87,900 ▼
Most Expensive New Listing: $ 469,900 (5 BR, 4 1/2 BA, 5900+ sq ft in Powell)
Least Expensive New Listing: $20,000 (2 BR, 1 BA 750+ sq ft in North Knoxville)
New Honorable Mention: $90,000 (3 BR, 2 BA, 1100+ sq ft in Fountain City)

Current Pending Sales -104 ▲
Average Asking Price - $91, 149 ▼
Median Asking Price - $74,900 ▬

Closed Sales May 7, 2008-May 13, 2008 - 9▼
Average Asking Price - $118,432 ▲
Average Sales Price - $114,232 ▲
Median Sales Price - $105,000 ▲
Average Days on Market - 55 ▬




*Data taken from KAARMLS on 5/08/08 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.

Don't miss a single Foreclosure Watch update - subscribe to All Around K-Town today!

Knoxville Foreclosure Watch

Welcome back, fellow Foreclosure Watchers and thanks for your patience with yesterday's technical difficulties. We're a day late, but not short on foreclosures. Although listings are roughly the same and pendings are down, closings are way up. Oh, and average DOM is way up too. Let's get to the numbers:

Knox County Foreclosure Property Statistics as of 5/08/08 *

Current On-Market Listings - 157
Average Asking Price: $128,732
Median Asking Price: $89,900
Most Expensive New Listing: 4 BR, 2 BA, approx 2400 sq ft in Seven Springs off of Middlebrook
Least Expensive New Listing: 2 BR, 1 BA, approx 1200 sq ft in Mechanicsville
New Honorable Mention: 3 BR, 3 BA on 1.6 acres with 4 car garage in Fountain City

Current Pending Sales -95
Average Asking Price - $94,927
Median Asking Price - $74,900

Closed Sales April 29, 2008-May 6, 2008 - 17
Average Asking Price - $106,929
Average Sales Price - $102,897
Median Sales Price - $97,000
Average Days on Market - 55




*Data taken from KAARMLS on 5/08/08 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.

I've had some great suggestions on ways to improve Foreclosure Watch - look for some new features and additional FW posts in the very near future! Have your own suggestions? Let me know in the comments.

Don't miss a single Foreclosure Watch update - subscribe to All Around K-Town today!

Yes, We Have No Foreclosure Watch Today

Due to technical difficulties on KAARMLS (Knoxville Area Association of Realtors Multiple Listing Service), I will not be able to gather stats for Foreclosure Watch this evening. Tune in tomorrow, and remember, good things come to those who wait.

Knoxville Foreclosure Watch

It's that time of the week again - Foreclosure Watch time. Looks like you guys have been out snapping these babies up, as pendings and closings are up, and average days on market is way down.

So without further ado, here are the numbers and clicky links you came here for -

Knox County Foreclosure Property Statistics as of 4/30/08 *

Current On-Market Listings - 154
Average Asking Price: $132,605
Median Asking Price: $88,950
Most Expensive New Listing: 4 BR, 3 BA, approx 3400 sq ft in Summer Rose in Fountain City
Least Expensive New Listing: 1 BR, 1 BA, approx 700 sq ft in East Knox
New Honorable Mention: 4 BR, 3 1/2 BA, approx 3000 sq ft in Powell

Current Pending Sales -106
Average Asking Price - $94,927
Median Asking Price - $79,900

Closed Sales April 16, 2008-April 22, 2008 - 9
Average Asking Price - $143,611
Average Sales Price - $142,933
Median Sales Price - $82,000
Average Days on Market - 25




*Data taken from KAARMLS on 4/30/08 for Knox County single family residential properties only, and does not include condos or PUDS.


If you have any questions about any of these properties, feel free to drop me a line.

As always, I'd love to hear your observations on this week's numbers. Any ideas about I could improve Foreclosure Watch are equally welcome. You can leave both in the comments below.

Don't miss a single Foreclosure Watch update - subscribe to All Around K-Town today!

Knoxville Foreclosure Watch

Welcome back, Foreclosure watchers. In this week's edition, the on-market foreclosure listings are at roughly the same level as last week, while pendings are up and closings are down.

Here's the break down -

Knox County Foreclosure Property Statistics as of 4/23/08 *

Current On-Market Listings - 161
Average Asking Price: $135,060
Median Asking Price: $88,000
Most Expensive New Listing: 7 BR, 5 BA, approx 7300 sq ft home in Sequoyah Hills
Least Expensive New Listing: 3 BR, 1 BA, approx 1100 sq ft in Bon View in East Knox
Honorable Mention: 4 BR, 2 BA, approx 1400 sq ft in Red Bud Hills in South Knox

Current Pending Sales -100
Average Asking Price - $96,958
Median Asking Price - $79,900

Closed Sales April 16, 2008-April 22, 2008 - 4
Average Asking Price - $102,950
Average Sales Price - $103,000
Median Sales Price - $106,450
Average Days on Market - 77





*Data taken from KAARMLS on 4/23/08 for Knox County single family residential properties only, and does not include condos or PUDS.

Any thoughts on this week's edition? I'd love to hear them below.

Don't miss a single Foreclosure Watch update - subscribe to All Around K-Town today!

Knoxville Foreclosure Watch

This is week #2 of Foreclosure Watch and oh what a week it's been. I've been working on ways to present this information so it is easier to digest, but due to the short sale that wouldn't die, I haven't had as much time for charts and graphs as I had hoped. Please bear with me as I get all the bells and whistles up to speed.

Knox County Foreclosure Property Statistics as of 4/16/08 *

Current On-Market Listings - 158
Average Asking Price: $136,935
Median Asking Price: $87,450
Most Expensive New Listing: 5 BR, 4 BA, approx 4600 sq ft home in Choto area
Least Expensive New Listing: 2 BR, 1 BA, approx 780 sq ft home in Mechanicsville
Honorable Mention: 3 BR, 2 BA, approx 1100 sq ft home off of Tazewell Pike

Current Pending Sales -91
Average Asking Price - $91,881
Median Asking Price - $81,900

Closed Sales April 2, 2008-April 8, 2008 - 12
Average Sales Price - $94,942
Median Sales Price - $60,000
Average Days on Market - 61




*Data taken from KAARMLS on 4/15/08 for Knox County single family residential properties only, and does not include condos or PUDS.

Don't miss a single Foreclosure Watch update - subscribe to All Around K-Town today!

Have ideas that you think would make Foreclosure Watch a better experience for everyone? Feel free to leave me some constructive suggestions in the comments below.

Introducing Knoxville Foreclosure Watch

It's no secret that there's a little bit of trouble in the housing market. As positive as I feel about the Knoxville housing market, I also know that sticking my head in the sand is not going to make the foreclosures and short sales I'm dealing with go away. Heck, I don't even think I knew what a short sale was last year, and I'm almost positive I never used the phrase, "I guess the bank is just going to have to eat it" on a daily basis then either.

Since I believe knowledge is power and forewarned is forearmed, I've decided to educate myself and bring you along for the ride. As a totally non-scientific experiment, I'llbe doing a weekly tally of the on-market, pending, and closed foreclosures in Knox County as listed in the Knoxville MLS. And while these stats will not include pre-foreclosures or short sales, I think it will be interesting to see how the numbers change in the coming weeks.

So, without further ado, I give you the very first Knoxville Foreclosure Watch.

Knox County Foreclosure Property Statistics as of 4/9/08 *

Current On-Market Listings - 162
Average Asking Price: $134,453
Median Asking Price: $84,500
Most Expensive Listing: $799,900 (5BR, 4 1/2 BA, approx 5000 sq ft in River Club)
Least Expensive Listing: $14,900 (2 BR, 1 BA, approx 675 sq ft in Powell)

Current Pending Sales -86
Average Asking Price - $94,259
Median Asking Price - $80,900

Closed Sales April 2, 2007-April 8, 2007 - 4
Average Sales Price - $61,743
Median Sales Price - $61,200
Average Days on Market - 109

Closed Sales April 2, 2008-April 8, 2008 - 3
Average Sales Price - $94,200
Median Sales Price - $64,900
Average Days on Market - 49

*Data taken from KAARMLS on 4/09/08 for Knox County single family residential properties only, and does not include condos or PUDS.

Stay tuned for more updates...