knoxville tn real estate market: Knoxville TN Foreclosure Report Update November 2011 - 11/01/11 02:30 AM

Curious about what is happening in the Knoxville TN Real Estate Market in regards to Foreclosures?  As of November 1, 2011, here is a breakdown of what is going on with Knoxville TN Knox County
Active Foreclosures and Bank owned property listings.
Knox County: 179 Active Listings (Currently For Sale)Average sq. ft. 1986Average list price $145,824Average price/sq. ft:  $73
94 Pending Sales (under contract)Average sq. ft: 1627Average list price is $86,745Average price/sq. ft: $53
 
If you are interested in learning more about the Knoxville Foreclosure Market or just the Knoxville TN Real Estate Market in General visit my … (1 comments)

knoxville tn real estate market: Changes in Single Family Knoxville, TN Foreclosures Sales 2004-2011 - 11/01/11 02:10 AM
Knoxville TN Foreclosures have been a topic that has dominated talk of the Knoxville real estate world the past couple of years.  The allure of the "good deal" is something that attracts may buyers to Knoxville foreclosures.  However, just how prevalent are foreclosure sales in the Knoxville, TN area?  According to the research I complied using only the Knoxville MLS, the Knoxville TN area saw an increase in the total % of foreclosure sales in 2008.  However, since 2008 the % of foreclosure sales vs non-foreclosure sales have remained fairly constant.
Below are tabular results of the data I complied in an easy to read chart.
… (0 comments)

knoxville tn real estate market: Knoxville, TN Median Home Prices 2011 - 10/25/11 07:32 AM
According to the National Association of REALTORS®, Median Sales Price of Existing Single-Family Homes for Metropolitan Area Report, the median home sales price in Knoxville, TN in 2011 is $142,900 which is down from $149,100 back in 2008. 
With interest rates at an all time low and still fluctuating around 4% there has not been a better time to buy in the Knoxville, TN area.  Competition is stiff and a decreased number of buyers has forced Sellers that are serious about selling to get their homes in top notch showing conditions.  As a result Buyers are in a unique position to obtain a home for a lower price tag, … (1 comments)

knoxville tn real estate market: Free Market Information for Knoxville TN Home Sellers and Buyers - 10/24/11 07:00 AM
As the old saying goes, "give a man a fish and he eats for the day, teach a man to fish and he has food for a lifetime."  The McInerney Team of Keller Williams Realty feels strongly about arming our clients with the largest amount of information as possible.  We feel that by educating our clients with up-to-date facts, statistics, and trends about the current Knoxville, TN real estate market, our clients will feel confident in their home selling or home buying decision.
The McInerney Team believes that working with a real estate professional is a team effort.  So what are you … (0 comments)

knoxville tn real estate market: How High is the Foreclosure Rate in Knoxville TN - 09/07/11 02:31 AM
I rarely watch the news anymore as it has become overrun with negative stories and reports.     I think what kind of impression someone would have of our country if the only source of information they had access to was the news?  I am quite certain they would get the impression that our country and the average Americans life was nothing short of a horror story. 
Sure there are disasters and bad things that happen, but there is also a lot of good and many reasons to celebrate. As a local full time REALTOR®, I often get asked, “so how bad … (3 comments)

knoxville tn real estate market: Things to Consider When Selling Your Knoxville Area Home - 01/19/11 09:17 AM

When a seller places a home on the market they have many different reasons for selling.  If you are in a position in which you need to sell your home in a shorter period, i.e. being transferred for a job out of town, are in financial stress, or maybe you have just found your dream home you need to take the market's absorption rate into serious consideration.
In many areas in and around Knoxville, TN there is over a years worth of inventory.  This means that based on the number of buyers that have been purchasing homes it will take … (0 comments)

knoxville tn real estate market: Current Knoxville TN Real Estate Market Conditions - 01/05/11 02:33 AM

What are the current Knoxville TN Real Estate Market Conditions?  If you are a Knoxville Home Buyer or a Knoxville Home Seller this is something that may be at the forefront of your mind.  The media has without a doubt portrayed a pretty negative depiction of the situation. 
It does not take a rocket scientist to figure out that the current Knoxville TN real estate market is not the same as it was in 2006... But how much has it really changed? Does the year of 2011 look like we might see improvement?
While I may not be equipped with a crystal ball to look into the future, I … (0 comments)

knoxville tn real estate market: Knoxville Real Estate Market Update - 01/04/11 04:55 AM

Knoxville real estate market update report shows home sales in Knox County, TN in Knoxville TN during December 2010 was at a 3 year high.  As 2010 has come and gone, many refer to it as one of the worst years of real estate in recent history.  The media's talk of doom and gloom has undoubtedly created fear amongst Knoxville Home Buyers and a lot of stress amongst Knoxville home sellers.  The market has found itself saturated and home sellers have felt forced to either lower prices or add upgrades to entice buyers to pick their home out of the crowd.
THE GOOD NEWS IS THAT … (1 comments)

knoxville tn real estate market: This Month in real estate December 2009- Keller Williams Realty - 12/22/09 01:47 AM
Curious about where there real estate market is going?  While we do not have a crystal ball the future looks promising, especially in the Knoxville, TN area.  Buyers are out there and homes are selling.  In fact we had two homes in two completely different price ranges and areas go under contract after being on the market for less than 1 week.
Watch this informative video about the Real Estate Market Update for December 2009 courtesy of Keller Williams Realty in Knoxville TN.
… (1 comments)

knoxville tn real estate market: March 2009 Knoxville TN Real Estate Market Minutes - 04/10/09 04:52 AM
March 2009 Knoxville TN Real Estate Market Minutes
Whether you are looking to Sell, Buy, Invest-in, Relocate, or simply want to know more about Knoxville TN Real Estate, you have come to the right place.
February has come and gone and brought on a slew of April showers as well as an increase in sales since the month of February (up 59 home sales).  In Knoxville, TN we are really seeing the impact of the $8000 tax credit and historically low interest rates.  First time home buyers hoping to take advantage of these amazing buying opportunity are finding that the homes in … (0 comments)

knoxville tn real estate market: February 2009 Knoxville TN Market Report - 04/01/09 08:10 AM
Knoxville TN Real Estate Market Minutes
Whether you are looking to Sell, Buy, Invest-in, Relocate, or simply want to know more about Knoxville TN Real Estate, you have come to the right place.
Well, February has come and gone and we have seen quite an increase in sales since January.  It seems that the $8000 tax credit and historically low interest rates have played a major part in this. 
Here is a breakdown in stats for February 2009 Knoxville Home Sales (Knox County Only):
Total # of Single Family Home Sales in Knoxville, TN: 246
Lowest Sale: $9,900- Fairgarden Addition (East … (0 comments)