Our much admired local real estate agent/blogger, Suzy Trotta, who writes allaroundktown.com, wrangled figures from the latest Knoxville Home Sales Report, and found a tad of good news in there—and a bit more not-so-great news, and some outright bad news. Here's a sample of what she found:
Median sales price for 2 or fewer BR homes stayed the same.
Oct. '09: $75,000
Oct. '10: $75,000
Average sales price for 4+ BR homes is (way) up.
Oct. '09: $264,700
Oct. '10: $297,300
Total number of single family units sold is (way, way) down.
Oct. '09: 1,026
Oct. '10: 721
Average sales price for 2 or less BR homes is (way) down.
Oct. '09: $97,500
Oct. '10: $90,900
"Things Are Tough All Over Pony Boy" News
Conventional loans were once again way down.
Oct. '09: 423
Oct. '10: 321
And so were FHA loans…
Oct. '09: 299
Oct. '10: 129
Source: allaroundktown.com by Suzy Trotta