Knoxville TN Real Estate Blog

Farragut TN- Home Owners that are priced $200,000 and under are in a Sellers Market

The other day I showed a potential buyer a home located in Farragut TN, which is a western suburb of Knoxville.  The home was listed at $199,900 - a low to average price for Farragut.  It was an older home with many updates including new windows, new siding, newer heat pump, newer roof, remodeled kitchen, new flooring, new fixtures, very clean and very well maintained.  I myself was very impressed with it's condition and the property was obviously not distressed. The potential buyer liked the home very much and asked me to get some additional information about the home.  I talked to the other agent, did my research and relayed the information to the potential buyer.  The buyer has a mindset, not unlike many buyers in "this market" and commented repeatedly about wanting to get a "good deal" in "this market" and sellers would be lucky to get any type of offer in "this market" and so on.  I mentioned that homes in Farragut are still selling well and sellers were still getting 94-96% of their asking price.  After all of the information was provided, my buyer proceeded to tell me that their offer would be $150,000 if they decided to buy it and that in "this market" that's really all a seller could expect.

That evening I prepared some market statistics on recent sales and closings in the Farragut area to present to my buyer the next day.  I wanted to help paint an accurate picture of "this market" to them in hopes of a more realistic outcome and be able to present an offer that would end up accepted, not shredded.  To my surprise this is what I discovered:

In the Farragut and Northshore / Choto area it is actually a Sellers market for homes that are priced under $200,000. 

  • Currently there are only 14 homes for sale that are priced at $200,000 or under
  • In the past 2 months alone there have been 15 closings in this price range.
  • The current Absorption Rate in Farragut Homes priced $200,000 or less is only 2 months

Therefore, if you have a home in Farragut, TN that would be price at $200,000 or less and are thinking of selling there has been no better time as there is less than 2 months of inventory on the market.

This is a unique opportunity for people wishing to sell their Farragut home in this price range as it is currently very much a Sellers market.  If you live in Farragut and are interested in Selling your home visit our Sellers Page and contact us to for a free no obligation CMA.

 

knoxville green realtor

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

Knoxville TN EcoBroker           Green REALTOR in Knoxville TN         Knoxville TN ePro

Instantly Search For All Knoxville, TN Homes , Condos , and land For Sale!!

 Knoxville TN Realtor

Knoxville Real Estate on FacebookKnoxville Real Estate on TwitterKeller Williams Knoxville on You TubeChristine McInerney Keller Williams KnoxvilleKnoxville Real Estate on MySpaceSubscribe to Knoxville Home ExpertKnoxville Green Team About Knoxville TNFree Knoxville Home Search

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

 Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Keller Williams Realty Knoxville Copyright © 2009

Please visit us at www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate for additional information about the Knoxville TN area, Knoxville Relocation, and Selling and Buying Knoxville Real Estate.

 ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Farragut TN- One of the Most Affordable Suburbs of the South

Knox County - Farragut"One of the best and affordable suburbs in the South, Farragut TN" - Business Week, May 2007.

Find Farragut Real Estate CLICK HERE

City Overview

Metro area: Knoxville
Nearest city with pop. 50,000-plus: Knoxville (10 miles)

Median Home Price: $272,700
Population: 19,027
Cost of Living Index: 102.9
Primary School Test Score Index: 131*
Violent Crime Index: 34
Percent pop. with commute <30 min.: 68%

Just to the west of Knoxville is the suburban community of Farragut, TN.  Farragut is an upscale residential community that boasts excellent schools, beautifully designed parks and greenways, great recreational opportunities and lovely residential Farragut homes.

History

Farragut Town Hall 

The Town of Farragut was incorporated on January 16, 1980, with the first Board of Mayor and Aldermen elected on April 1, 1980. Controls on zoning, building codes and signage plus major improvements to roads are important aspects of the Town. A sincere commitment to these controls plus the development of parks, green space, pedestrian links and leisure opportunities make this community a great place to live and work. The Town is named after Admiral David Glasgow Farragut, the first admiral of the United States of America Navy, who was born in the Farragut area.

 

 Housing

Farragut real estate includes mainly upscale single family homes, townhomes and a few apartments.  The starting price for Farragut real estate is around $150,000 and go up to over the $1 million mark.   The most common price range of single family homes in Farragut is between $200,000 and $300,000.  Farragut is home to the Turkey Creek shopping complex, located on Parkside Dr. between Lovell Rd. and Campbell Station.  The complex is a 300 acre space which contains retail shopping, medical facilities, a theatre, office space, banks, restaurants and hotels.  The future of Farragut is bright with growth continuing westward with the areas of Northshore/Choto still seeing high numbers of new construction.  A new high school is currently under construction in the Hardin Valley area which is scheduled for completion in 2008 and will be the second high school to accommodate Farragut residents. MORE INFORMATION or call 865-621-3658.

 

Schools

The Knox County School district serves Farragut homes and all of Knox County.  The schools that specifically serve Farragut homes are Farragut Primary, Farragut Elemtary, Farragut Middle, Farragut High and Hardin Valley High (2008).  There are also several private schools in Farragut: Farragut Montessori School, Kiddie Kottage Learning Center, Greenway School, St. John Neuman Catholic School.

Farragut schools are some of the highest rated schools in the country.  In 2006 and 2005, Farragut made the list of the top 5 percent of public high schools in the nation based on its AP program.

In September, 2007 Farragut High School had the most National Merit Semifinalists in the state tied only with White Station High School who each had 16 finalists.  Farragut had a total of 30 semifinalists and commended students, the largest number in the state.

Anchor Park in Farragut

Recreation

Farragut, TN is surrounded by parks, greenways and bodies of water.  Farragut public parks include Anchor Park (marine facilities, playgrounds and picnic areas on the shores of Lake Loudon), Major Bob Leonard Park (walking trails, soccer, softball fields and playgrounds), Campbell Station Park (library, playgrounds and walking trails), Concord Park Marina (boating facilities, picnic areas, boat launch, river sports, playgrounds, Yacht Club, boat docks), Cowan Park (playgrounds, picnic facilities, hiking trails, fishing piers, sprinkler park).

 

 Transportation

The Knoxville are has an extensive highway system for a city this size.  Interstate 40 runs right through the center of Knoxville and connects with interstate 75.  I-75 south will take you to Chatanooga in an hour and a half and Atlanta in 3 hours.  I-75 north will take you to Lexington, Kentucky in about an hour and a half.  Traveling west on I-40 will get you to Nashville in about 2 hours.  Traveling east on I-40 will get you to Ashville, NC in about an hour and a half.  Knoxville also has public bus service through KAT (Knoxville Area Transit).  The closest airport is McGee Tyson (TYS) located in south Knoxville near Alcoa, TN about a 15 minute drive from downtown Knoxville.

Maps

General map of Farragut

Detailed map showing all Farragut streets and subdivisions

Search Farragut Homes for Sale CLICK HERE

knoxville green realtor

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

Knoxville TN EcoBroker           Green REALTOR in Knoxville TN         Knoxville TN ePro

Instantly Search For All Knoxville, TN Homes , Condos , and land For Sale!!

 Knoxville TN Realtor

 

Knoxville Real Estate on FacebookKnoxville Real Estate on TwitterKeller Williams Knoxville on You TubeChristine McInerney Keller Williams KnoxvilleKnoxville Real Estate on MySpaceSubscribe to Knoxville Home ExpertKnoxville Green Team About Knoxville TNFree Knoxville Home Search

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

 Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Keller Williams Realty Knoxville Copyright © 2009

Please visit us at www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate for additional information about the Knoxville TN area, Knoxville Relocation, and Selling and Buying Knoxville Real Estate.

 ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Lakefront Neighborhoods in Knoxville and Farragut TN- Mallard Bay Subdivision

All brick homes for sale in Farragut

 

Located slightly off the beaten path and away from the hustle and bustle of the popular Farragut area lies Mallard Bay SubdivisionMallard Bay subdivision is located in the Northshore/Choto subarea and is zoned for all Farragut Schools (as of 7/2009) and is a prestigious higher end community that offers gorgeous architectural design, sidewalks which enhances the community feel and lake access. 

The Knoxville TN area, nicknamed the Great Lakes of the South is a haven for boaters and water sport lovers.  The Mallard Bay subdivision is located along a private cove on Lake Loudon and offers neighborhood lake access, a private neighborhood fishing dock, boat ramp, and boat dock.  While only a few of these homes are actually lake front, many of them have lake views, partial lake views, and pasture views.

homes for sale with great views in knoxville tnCurrently there are 15 homes for sale in Mallard Bay subdivision ranging from $488,750 - $2,300,000. 

A great buy that is currently for sale in Mallard Bay subdivision is www.12641Bayview.com which has just been reduced to $496,000 and is priced $79,000 below 2006 purchase price.

 

 

 

 

If you are looking for a home in the Mallard Bay Subdivision or in another lakefront community in the Knoxville or Farragut area you can search for free and even receive a free listing notifier visit www.HomesForSaleKnoxville.com.

 

If you are looking for a Knoxville lakefront home for sale or a Knoxville or Farragut Lake front neighborhood check out these great Knoxville Lake front communities: 

River Shores River View Turtle Pointe
Wright's Ferry Montogomery Cove Mallard Bay
The Anchorage Hidden Coves Lowes Ferry
Craig Cove Admirals Pointe View Harbour
Lake Wood Lake Ridge River Club
Mariners Pointe Rivendell River Sound
Hidden Cove Channel Point Rivergate Estates
Victorias Inlet Keller Bend Choto Estates
Cove Point Bayou Bend Lakeshore Meadows
Jackson Bend The Woods at Montgomery Cove Taylors Landing
Bridgewater Fox Harbor Sasa Landing
Jefferson Park Shoreline Estates Sunset Cove
Guinn Subdivision Andrews Pointe Harrison Keepe 
Holston Hills Sequoyah Hills River Place

 

knoxville green realtor

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

Knoxville TN EcoBroker           Green REALTOR in Knoxville TN         Knoxville TN ePro

Instantly Search For All Knoxville, TN Homes , Condos , and land For Sale!!

 Knoxville TN Realtor

Knoxville Real Estate on FacebookKnoxville Real Estate on TwitterKeller Williams Knoxville on You TubeChristine McInerney Keller Williams KnoxvilleKnoxville Real Estate on MySpaceSubscribe to Knoxville Home ExpertKnoxville Green Team About Knoxville TNFree Knoxville Home Search

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

 Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Keller Williams Realty Knoxville Copyright © 2009

Please visit us at www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate for additional information about the Knoxville TN area, Knoxville Relocation, and Selling and Buying Knoxville Real Estate.

 ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*