Wanna Buy a Foreclosure?

Each week, Knoxville realtor and real estate blogger Suzy Trotta extrapolates a “Foreclosure Watch” for local properties from Knoxville Area Association of REALTORS data. Her focus isn’t doom and gloom, but rather how much a person could expect to pay to buy a foreclosed property. Here’s her summation for the week of July 15, which does not include condos:

  • Current on-market listings: 205
  • Average asking price: $133,656
  • Median asking price: $85,000
  • Most expensive new listing: $720,000 (4 BR, 4.5 BA, 4,800+ sq. ft. in River Club)
  • Least expensive new listing: $12,000 (2 BR, 1 BA, 1,000 sq. ft. off Asheville Hwy.)
  • Closed sales July 8-14, 2009: 10
  • Average asking price: $78,920
  • Average sales price: $73,900
  • Median sales price: $50,750
  • Average days on market: 56

Source: Suzy Trotta at allaroundktown.com for Knox County single-family residential properties.

© 2009 MetroPulse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.