Knoxville Tennessee Real Estate Blog

Wow, what a difference a week can make. Last week we had the highest number of real estate transfers in Knox County for all of 2009; this week we’re below average with only 131.

Knoxville, Farragut, and Knox County real estate transfers

I have no explanation for why these Knox County numbers jump around so much. Usually closings are higher towards the end of the month because most buyers want to pay less prepaid interest for that month but September 20th and last week as well are in the middle of the month so that can’t be the case.

Whatever the reason, one thing remains true to form. The lower price ranges still dominate the sales figures. This week had 38 sales between $100,000 to $150,000; zero sales over 1 million dollars, and only 5 between $300,000 to $1,000,000. A little, ahem, pat on the back for me, I had one close for $322,500 last week.

I know I’ve said this several times but the clock is still ticking on that $8,000 tax credit 1st time Knoxville area home buyers can get. November 30th is the deadline and even though there is talk of extending it for several more months I think the odds are about 50-50 at best. So if you’re thinking of buying and you aren’t willing to roll the dice on possible losing up to $8,000 to help you get in a home you need to get busy and pick one out soon.

Mortgages these days are taking from 45 to 60 days to process and you would need to have your new home under contract by not later than the middle of October to ensure you will be able to collect that tax credit. Please call or mail me with any questions about how it works.

www.KnoxvilleHomeCenter.com is the place to go to see all the Knoxville area Realtor listings as well as find great buyer tips, seller tips, and lots of area information including schools, things to do, weather, and much more.

BTW, here’s some great Knoxville, TN houses that all qualify for the $8,000 credit except 1, can you guess which one?

7510 Misty View Lane, $260,000

7412 Harvest Creek Lane, $229,900

1228 Saybrook Lane $189,900

2008 Antietam, $109,000

10021 Bellflower Way, $148,500

9709 Panama Road, $219,900

2700 Magnolia Pointe, $539,900

560 Allen Road, $355,000