The Fountain City TN area is located in the North East portion of Knox County and is best known for its historic charm and feel. The Fountain City TN area contains an eclectic mix of homes ranging from large historic riverside estates to small cottages. If you are thinking of Selling or Buying a home in Fountain City area you may be interested in the recent market report.
Please note that these stats that I will be showing below are taken from the Knoxville Association of Realtors® and include only single family residence homes that are/or have been listed in the Knoxville MLS. Also, for comparison purposes I am only using data taken from January 1, 2009 to June 30, 2009.
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Active Listings |
133 |
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Closed Listings (1/1/09-6/30/09) |
148 |
|
Absorption Rate |
5.39 |
So what does this all mean? What this shows is that the Fountain City TN subarea as a whole (all subarea and all prices) has an average of 5.39 months of inventory. The absorption rate will vary by price range and specific properties (i.e. # of bedrooms, # of bathrooms, and square footage). If you are thinking of Selling a home in Fountain City area contact us and we will glady provide you with a custom report.
As you can see from the chart below the Fountain City area in Knoxville TN has seen an increase in the number of closed sales in the past month, compared to the past 6 month average. As a result there is currently about 3.91 months of inventory on the market. This shows that currently the Fountain City market is quite healthy. The average closed price during June 2009 was $162,921.
|
Current Active Listings |
133 |
|
Closed Listings |
34 |
|
Absorption Rate |
3.91 |
Keep in mind real estate is and always has been all about location, location, location. There are some areas and price ranges within Knox County that have improved significantly while others have not changed too much. Please click on the designated subareas below for data specific to each Knox County TN subarea.
Knox County Subareas (click on a subarea to view Market area stats specific to each subarea)
- Knox County- Market Overview
- North Knoxville
- East Knoxville
- Holston Hills / Chilhowee Park
- South Knoxville
- Norwood / Cumberland Estates / Pleasant Ridge
- Fountain City
- Halls
- Gibbs
- Carter
- South Doyle
- Westmoreland / West Hills / Riverbend / Sequoyah Hills
- Concord / Bluegrass
- Cedar Bluff
- Northshore / Choto
- Farragut City
- Lovell Road / Campbell Station
- Hardin Valley
- Karns
- Powell
If you are considering Selling your Knoxville area home Christine McInerney and Jennifer Halinkowski with Keller Williams Realty Knoxville TN will gladly provide you with a Free Comparative Market Analysis (CMA) as well as subdivision and area specific market data.
Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.HomesForSaleKnoxville.com
Visit Christine McInerney and Jennifer Halinkowski with Keller Williams Realty on-line at:
www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate.com
Office: (865) 694-5904
Christine (865) 237-5289 and Jennifer (865) 621-3658
Mail to: McIn-Kowski@HomesForSaleKnoxville.com
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Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Keller Williams Realty Knoxville Copyright © 2009
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