If you wonder how home sales for January 2009 compare to a year ago here are the numbers. I compared all single family homes that closed from Jan 1,2008 - Jan 31,2008 to those that closed during the same period this year.
January 2008 / January 2009
Total Homes Closed: 291 / 204
Avg List Price: $195,242 / $202,558
Avg Sold Price : $189,052 / $192,568
% Sale Price/List Price: 96.8 / 95.0
# of Closings that were
Bank Owned/
Foreclosed Properties: 38 / 50
Currently as of today, there are 3644 single family homes For Sale on the Knoxville MLS in Knox County and 491 properties that are Pending Do Not Show waiting to close and another 176 that are pending Continue to Show indicating there is an accepted offer on the property but contingencies still need to be cleared. Currently of the 3644 single family homes on the market, 221 of them are foreclosures as best as I can tell.
If you would like more information about real estate in Knoxville or the surrounding counties of East TN visit my website at http://www.brendajolly.net/ or send me an email at brenda@knoxvillefindahome.com
Brenda Jolly
Southland GMAC
200 Midlake Dr Suite C
Knoxville, TN 37918
Office: 865-687-6657
Agent: 865-898-7896