farragut real estate: No housing "bubbles" in Knoxville, Tennessee
- 12/04/06 12:08 AM
After looking at our latests available sales sales statistics, the 3rd quarter, it appears as if the greater Knoxville, Tennessee area is not experiencing any sort of bubble or price declines. 3rd Qtr. 2004 3 BR Solds 2,390 Avg. Price $145,000 Days to Sold 803rd Qtr. 2005 3 BR Solds 2,747 Avg. Price $157,400 Days to Sold 653rd Qtr. 2006 3 BR Solds 2,491 Avg. Price $169,300 Days to Sold 78For about 6 months in 2005 I believe we were in a fairly brief seller's market which accounts for the spike in units sold; that tide has since turned and we're … (1 comments)
farragut real estate: No housing "bubbles" in Knoxville, Tennessee
- 11/01/06 01:06 PM
I was reviewing the sales statistics for the 3rd quarter of 2006 versus the same time period in 2004 & 2005 to see how we are doing in spite of all the "doom & gloom" news coming daily in both print and TV. Total Units 3 BR Median Price Days On Market 3rd Quarter 2004 4,219 $129,900 803rd Quarter 2005 5,018 $139,900 653rd Quarter 2006 4,645 $149,900 78The numbers look good to me. Number of units sold and closed in the 3rd quarter of 2006 are lower than the same time period in 2005 but above the same numbers in 2004; nothing to be alarmed about there. The 3 bedroom home median price shows a … (0 comments)
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After looking at our latests available sales sales statistics, the 3rd quarter, it appears as if the greater Knoxville, Tennessee area is not experiencing any sort of bubble or price declines. 
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