Kingston Pike, circa 1910.Image via Wikipedia

Kingston Pike, circa 1910

“The completion of the Kingston pike in 1894 from Knoxville to Campbell’s station, a distance of fifteen miles, was an event of great importance both to Knox county and Knoxville, increasing as it did the trade of the town and the ease with which farmers and others could drive over the road.  The time required to drive this distance on the old dirt road was about five hours, while after the completion of the pike two and a half hours was quite sufficient.“

This past week saw the following real estate transactions recorded at the     Knox County Tennessee Registrar of Deeds office.

Sales over $1,000,000                  there were none

$500,000 to $1,000,000                                   4

$300,000 to $500,000                                      5

$200,000 to $300,000                                     17
$150,000 to $200,000                                     16

$50,000 to $100,000                                       19

Under $50,000                                                18

Total deeds recorded                                        79

That’s a pretty dramatic drop in the past weeks closings and dovetails with the increase in average days on the market (DOM) to 108 from September’s 105 days and August’s 97 DOM.

Today in all prices ranges there are 11, 579 total active listing in the Knoxville Area Assocation of Realtors Multiple Listing Service (MLS).

If you’re in the market for a home there is plenty of mortgage money available at area lenders at very attractive, fixed rates.

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This charming home closed in the mid $70,000 price range.

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Whittington Creek, closed at $455,000………….

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This beautiful Powell area home closed at $192,500 with a collection of Christmas trees in front

Since the coming week is Thanksgiving followed by the Christmas shopping frenzy, we typically see a little more slowdown in the residential real estate market but homes are bought and sold every day in Knoxville and it’s not too late to surprise your family with a new home for Christmas.

www.KnoxvilleHomeCenter.com is the place to go and I would be delighted to be your Realtor of choice and help you with your home Christmas shopping.

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