Foreclosure Sales in Knox County TN 2012
Unless you have been hiding in a cave the past couple of years there is no doubt you have heard about the impact foreclosures have made on the real estate market. TV and radio commercial will tell you that foreclosure deals exist where you can purchase a wonderful home for just pennies on the dollar. However, as Momma always said “you can’t believe everything you hear and see on TV”.
So just how much has the Knoxville TN Real Estate Market been affected by foreclosures? From January 1, 2012 to November 12, 2012 there have been a total of 3907 single family residential home sales, 747 of these, or 19%, have been foreclosure sales in Knox County, TN.
Knoxville TN foreclosure sales had an average list price of $105,356 and an average closed price of $99,997.