Knoxville TN Real Estate Blog

If you’re out looking for a place to call home while attending the University of Tennessee Knoxville, Lake Plaza may be the perfect Condo/Apartment Complex.

Renting is always an option for students, but Why not consider buying a unit? There are still 29 beautiful units available.

Buying a unit can be very beneficial for your family if you have multiple children planning on attending the university. Charge non-family members rent, and you won’t have to worry about Your child’s other college expenses!

You can see Hodge’s library, Neyland Stadium, and many other campus buildings From your Balcony at lake plaza. This location can’t be beat!

Walk to your classes in 5-10 minutes.

The building was built in 2008. The interior is very modern, and the units are spacious and efficiently packed with all the necessities.

Each condo has 3 bedrooms and 2 baths. There is plenty of room for both entertaining guests as well as lots of room to sprawl out and study.

Lake Plaza is right behind the Mcdonald’s on Cumberland Ave. so you have easy access to every eatery, shop, and bar on the strip.

There are two large fields found on Lake Ave. across from the Lake Plaza condo complex that are perfect for dogs,  outdoor games, and tailgating.

Check out www.SearchKnoxvilleRealEstate.com to learn more if you’re interested in making this your college home away from home.

--> Click Here to Search All Homes For Sale around The University of Tennessee Knoxville

Amongst all the doom and gloom of real estate news, I am happy to report that the Hardin Valley real estate market in Knoxville TN is picking up.  

The Hardin Valley area is a popular West Knoxville subarea that is located West of Karns, East of Lenoir City and Oak Ridge, and South of Farragut and Lovell Rd/Campbell Station area.  

The Hardin Valley is an attractive area to reside due to the Pellissippi Parkway that makes commuting to the Oak Rigde area (Home of Oak Ridge National Laboratory) and Interstate I-40 which runs straight through Knoxville TN a breeze. 

Recent Surge in Hardin Valley TN Real Estate 

80 = Active Listings

20 = Homes with Pending Contracts

39 = Homes Sold in Past 3 Months

6.15 Months= Current Absorption Rate

This offers great home for the Knoxville area as we are finally starting to see Buyers jump off the fence and pop out of woodwork to take advantage of these all time low prices and PHENOMENAL interest rates.

Currently ranked as one of the more affordable US cities to live in Luxury Homes in Knoxville TN have a lot to offer.  Knoxville, TN which is nestled in the valley of the gorgeous Appalachian Mountain and littered with stunning area lakes and waterways, including Lake Loudon, The Tennessee River, and Norris Lake, the views of many of the Luxury Homes for Sale in Knoxville TN are second to none.

--> Click here to view all luxury homes for sale in Knoxville TN <--

Curious about what is happening in the Knoxville TN Real Estate Market in regards to Foreclosures?  As of November 1, 2011, here is a breakdown of what is going on with Knoxville TN Knox County

Active Foreclosures and Bank owned property listings.

Knox County: 179 Active Listings (Currently For Sale)
Average sq. ft. 1986
Average list price $145,824
Average price/sq. ft:  $73

94 Pending Sales (under contract)
Average sq. ft: 1627
Average list price is $86,745
Average price/sq. ft: $53

If you are interested in learning more about the Knoxville Foreclosure Market or just the Knoxville TN Real Estate Market in General visit my information website at www.HomesForSaleKnoxville.com.

Click here to view all Knox County, Knoxville TN Foreclosure Listings.

Interested in learning more about Foreclosures in Knoxville TN?  Check out some of my other blogs on Knoxville Foreclosures:

Changes in Single Family Knoxville, TN Foreclosures Sales 2004-2011

Knoxville TN Foreclosures have been a topic that has dominated talk of the Knoxville real estate world the past couple of years.  The allure of the "good deal" is something that attracts may buyers to Knoxville foreclosures.  However, just how prevalent are foreclosure sales in the Knoxville, TN area?  According to the research I complied using only the Knoxville MLS, the Knoxville TN area saw an increase in the total % of foreclosure sales in 2008.  However, since 2008 the % of foreclosure sales vs non-foreclosure sales have remained fairly constant.

Below are tabular results of the data I complied in an easy to read chart.

Changes in Single Family Knoxville TN Foreclosures Sales 2004-2011

If you are interested in learning more about the Knoxville Foreclosure Market or just the Knoxville TN Real Estate Market in General visit my information website at www.HomesForSaleKnoxville.com.

Click here to view all Knox County, Knoxville TN Foreclosure Listings.

Interested in learning more about Foreclosures in Knoxville TN?  Check out some of my other blogs on Knoxville Foreclosures:

According to the National Association of REALTORS®, Median Sales Price of Existing Single-Family Homes for Metropolitan Area Report, the median home sales price in Knoxville, TN in 2011 is $142,900 which is down from $149,100 back in 2008. 

With interest rates at an all time low and still fluctuating around 4% there has not been a better time to buy in the Knoxville, TN area.  Competition is stiff and a decreased number of buyers has forced Sellers that are serious about selling to get their homes in top notch showing conditions.  As a result Buyers are in a unique position to obtain a home for a lower price tag, a lower interest rate, and a home in much better condition than in the past years.

Click Here to view all Knoxville Homes for Sale between $100-$150K

Click Here to view all Knoxville Homes for Sale between $150-$200K

Click Here to view all Knoxville Homes for Sale between $200-$250K

Click Here to view all Knoxville Homes for Sale between $250-$300K

Click Here to view all Knoxville Homes for Sale between $300-$400K

Click Here to view all Knoxville Homes for Sale between $400-$500K

Click Here to view all Knoxville Homes for Sale $500K +

Search All Homes For Sale in Knoxville, TN

As the old saying goes, "give a man a fish and he eats for the day, teach a man to fish and he has food for a lifetime."  The McInerney Team of Keller Williams Realty feels strongly about arming our clients with the largest amount of information as possible.  We feel that by educating our clients with up-to-date facts, statistics, and trends about the current Knoxville, TN real estate market, our clients will feel confident in their home selling or home buying decision.

The McInerney Team believes that working with a real estate professional is a team effort.  So what are you waiting for, visit our website to arm yourself with an arsenal of FREE information as well as support from the knowledgeable, friendly, and customer based McInerney Team.

I rarely watch the news anymore as it has become overrun with negative stories and reports.     I think what kind of impression someone would have of our country if the only source of information they had access to was the news?  I am quite certain they would get the impression that our country and the average Americans life was nothing short of a horror story. 

Sure there are disasters and bad things that happen, but there is also a lot of good and many reasons to celebrate. As a local full time REALTOR®, I often get asked, “so how bad is the market right now?”  Most people seem to think it is absolutely horrible; by to people talk you would think almost everyone out there is hanging by a financial thread.

Therefore, I thought it is time to report some good, positive news for once.  For example, recent reports shows that over 30% of all homeowners own their homes outright….they owe no mortgage…own if free and clear. 

According to Realty Trac, in July 2011, in Knoxville, TN there were 190 Foreclosed Properties.  That is 1 out of every 1041 were in foreclosure.  When I told a friend this amount, there comment was “wow that is a lot”, but really what does translate to?  From a percentage stand point only 0.096% of all Knox County homes are in foreclosure.  If you take this number and compare it to other things, you can see just how few Knoxville homes are in Foreclosure and how fortunate we are compared to other areas.

As Monty Python said in The Life of Brian, “Always look on the bright side of life”

Homes in Foreclosure in Knox County, TN- 1 out of 1041

Odds of Being Audited by the IRS- 1 out of 175

Odds of having your identity stole- 1 out of 200

Odds of catching a ball at a major league ballgame: 563 to 1

Early this morning we received a phone call from a person we have never met before that was interviewing Knoxville REALTORS® to sell their Knoxville TN Home.  The conversation went something like this:

Seller: "I really want to sell my home, what is the lowest commission you will offer.  I want to go with the REALTOR® that will give me the lowest commission."

After questioning this person a little more I find out: 

1)  That their home has been on the market for over 2 years and with 4 different listing periods/agents. 

2) That they really want/need to sell their home. 

3) The last 4 agents were picked ONLY because they offered them the lowest commission.

I then state "well you have tried 4 times now to base your decision solely on commission and you still have not gotten the results you want, your house has still not sold.  Unfortunately housing prices in your area have dropped and I see that with each listing you had you decreased your list price and still has not sold.  Do you think there might be other things you may want to consider when hiring your next REALTOR®?  For example, how they advertise and market their properties?  There is a lot of work that goes into marketing and advertising and commission is only one small piece of that puzzle. "

Seller then states "The only reason that my home has not sold is because only 20 house in Knoxville TN have sold in the past 2 months".

Me: "Sir, that is not at all correct, homes are still selling, in fact there have been over 700 home sales (not including condos) in the past two months.  Do you mind me asking where you have gotten your data?"

Seller: "I just know the truth and am not going to argue with you".... CLICK

I can't think of a single person who "enjoys" paying a service fee, be it that of a plumber, doctor, electrician, or even your dog groomer.  Everyone would love to pay less.  However, service does come with a price and for me personally, I am happy to pay for a job well done.