Knoxville Tennessee Real Estate Blog

Looks like this past week was a good one for real estate in the greater Knoxville area. I count 225 closed real estate transactions from the Knox County Register of Deeds office. I believe that’s just the second time this year we’ve had over 200 closed transactions in a week.

It also appears the trend toward lower end sale continues with zero sales in the over 1 million dollar range and just 7 in the $500,000 to $1,000,000 range. As you move towards the lower ends of the price points the sales start to increase. Tops is the $100,000 to $150,000 price range with a total of 50 closed transactions for the past week.

Past week's transactions from the Knox County Register of Deeds

Next week the July sales figures from the Knoxville Area Association of Realtors will be out and we can see what happened in that month.

In this past June we had 998 closed transctions in all price ranges with a median price of $140,000 for a 3 bedrooms Knoxville area home; hopefully July will be better.

Market activity is on the upswing and I believe lot of buyers are trying to get in under the wire for the $8,000 federal tax credit. That credit expires at the end of November and you have to have your transaction closed not later than November 30th of 2009 to qualify. That means you need to have your new house under contract not later than around October 15th to make sure you get it.

Here’s a very nice condo I listed last week for only $148,500 in the Hardin Valley Road area. 3 bedrooms, 2 baths, and in absolute ‘move in condition’. Click anywhere on the photo to open up a virtual tour of this great condo.

10021 Bellflower Way, Knoxville, TN 37932

I also have several other very nice listing plus 5 in the pipeline that will be on the market very soon so check www.KnoxvilleHomeCenter.com often to see them plus all of Knoxville’s Realtor listings with no registration required.