Knoxville TN Real Estate Blog: Tennessee: Knoxville

In 1982 Knoxville TN was home to the World's Fair.  The Sunsphere was designed and erected for the event and still stands in Knoxville TN as the unofficial city symbol.  Since the World's Fair the park grounds have undergone a series of renovations and are now home to the Knoxville Convention Center, Knoxville Outdoor Symphony Amphitheater, World's Fair Fountains, Veterans Memorial, World's Fair Playground, and the Knoxville Museum of Art.

 

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

Instantly search for all Homes For Sale in Knoxville , Farragut, Powell TN, Alcoa TN, Lenoir City, Maryville, Oak Ridge, Corryton, Louisville, Blaine, Seymour, Strawberry Plains     

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.

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Are you in the need for a large home but, but don't have hundreds of thousands of dollars to spend?

Do you want to live in the West Knoxville area and enjoy the conveniences of West Knoxville living including easy access to interstates, restaurants, parks, churches, schools, West Town Mall, and the infamous Turkey Creek Shopping and Entertainment mecca?

Are you interested in living in the school zone for Knox County's newest and most talked about high school, Hardin Valley Academy?

If you answered yes to any of these questions then we got the home for you!

This beautiful home is new on the market and features 2800 square feet a large level and completely private fenced in backyard. Best of all the price is only $199,900 that breaks down to ONLY $71/square foot, in an area where above $100+/square foot is not uncommon.

Sure this home could use some cosmetic kitchen upgrades (although it is as clean as a whistle), but with a little elbow greece, this huge kitchen area (40 cabinets and tons of counter space) can easily be a showcase kitchen that would be the envy of all your friends and family (not to mention add major equity as up to 95% invested in kitchen upgrades can be reclaimed in resale).

Your home should be your sanctuary, a place to relax, and entertain if so desired. What better place to relax after a hard day's work other than in your own private hot tub located on private decking overlooking a level fully fenced backyard with 6' wood privacy fence surrounded by mature trees, the upper level balcony perfect for reading a nice book or enjoying a drink, the relaxing and cozy sunroom, or perhaps the chalet style living room with soaring ceilings and chalet-like stone fireplace?

This home has it all and is ready to accommodate a large family, those needing separate living space (perhaps a parent, teenager, or those who work at home), or just someone looking for a lot of room to roam.  This large home features 4 bedrooms (3 on the main level) and 3 full bathrooms.

The upstairs has a brand new Master Suite with gleaming hardwood floors, a super large walk-in closet, and huge bathroom with separate standup tiled shower and clawtooth tub.  There is also a large upstairs rec-room with private balcony access.

Take a look for yourself and see in the video just HOW MUCH this home has to offer!

For more information and pictures visit this homes personal website at www.8405RichlandColony.com.

 If you are looking to buy a home in the Greater Knoxville TN area instantly search all homes for sale at www.MyKnoxvilleHomeSearch.com. If you are looking for a luxury home in Knoxville TN visit http://knoxvilleluxuryhomesellers.com.

Free Buyers Tools

Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.MyKnoxvilleHomeSearch.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

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

 

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

Instantly search for all Homes For Sale in Knoxville , Farragut, Powell TN, Alcoa TN, Lenoir City, Maryville, Oak Ridge, Corryton, Louisville, Blaine, Seymour, Strawberry Plains     

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.

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Holston Hills/Chilhowee, TN Market Snapshot- January 1, 2009- July 31, 2009

 These statistics show homes located in the Holston Hills/Chilhowee subarea that had a list price of $100,000-$140,000.

Closed Listings- 5 ($120, 920 Avg. List Price / $116,220 Avg. closed price: Avg. Sq feet= 1642, and 1.15 acre lots) = Avg. price/sq foot = $77 / square foot

Closed Price/List Price- $= Sellers are selling at 96.11% of list price (closing costs may be rolled in)

Current Active Listings- 6

Current Pending Listings- 3

Expired or Withdrawn (did not sell during listing period) - 10

 Absorption Rate:

 The absorption rate is a statistical estimate based on the number of properties actively on the market verses the number of closed properties. This number shows the rate at which the inventories of homes for sale are being sold.  The absorption rate helps determine, based on market trends, how many months it will take to absorb (aka- for homes to sell and close) what is currently on the market.

Absorption Rate for last 6 months = 8.5 months worth of inventory

Absorption Rate based on last month of sales

• 1 Closed properties last month
• 6 Active Listings

Absorption Rate = 6 months worth of inventory

Analysis:

• The housing market in the Chilhowee/Holston Hills area is slightly improving as the absorption rate has decreased some this past month.
• Knoxville, TN historically experiences cyclical season-based selling cycles, with the months of June-September having the highest number of sales.
• First time home buyer tax credit expires November 30 (avg. closing time for FHA is 45 days now) = target date to be under contract is October 15^th

All data is derived from the Knoxville Association of REALTORS® and does not include non-MLS sales.  Information is deemed to be reliable, but not guaranteed.

Visit us online at www.HomesForSaleKnoxville.com,  www.KnoxvilleReal-Estate.com, www.KnoxvilleHomeExpert.com

Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.MyKnoxvilleHomeSearch.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

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

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

Instantly search for all Homes For Sale in Knoxville , Farragut, Powell TN, Alcoa TN, Lenoir City, Maryville, Oak Ridge, Corryton, Louisville, Blaine, Seymour, Strawberry Plains     

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.

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Knoxville, TN has had the tendency to attract lots of visitors and tourists who flock to the area to enjoy the magnificent scenery and visit the multitude of area parks including the Great Smoky Mountains- the most visited National Park in the country.

While the Great Smoky Mountains are great and have a lot to offer sometimes I don't feel like battling all the tourists trying to get up there.  Sometimes, I just get the urge to throw the kids in the car and enjoy the great outdoors instead of fighting through traffic.

Ijams Nature Center located in South Knoxville is a great place to visit.

Inside the visitors center you will find a nature center devoted to education- especially conservation and recycling, fun and interactive nature displays, and even a live animal collection. 

The building is built with sustainability in mind and even the bathrooms are environmentally friendly.

Whether you are looking for just a short nature walk or a day of hiking, you can find it at Ijams Nature Center- the trails are well maintained and it is a great place to get your minds off the stresses of everyday life.

Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.MyKnoxvilleHomeSearch.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

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

 

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

Instantly search for all Homes For Sale in Knoxville , Farragut, Powell TN, Alcoa TN, Lenoir City, Maryville, Oak Ridge, Corryton, Louisville, Blaine, Seymour, Strawberry Plains     

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.

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As a full time Knoxville REALTOR® I have seen the Knoxville real estate market pick up quite a bit lately.  The large dark bags under my eyes tell the story of 12-18 hour work days 5 out of the 7 days last week.  Am I complaining, absolutely not!  The Knoxville real estate market is starting to make a rebound and in several areas it is actually now a Sellers Market.

So what defines a Sellers Market?  A big indicator in the type of market is the absorption rate- this lets you know how long it would take to absorb the amount of inventory that is currently on the market based on past sales.  Read my article on absorption rates to learn more about what they are and how they can affect those buying a home in Knoxville TN and those selling a home in Knoxville TN.

Here is a break down to explain market conditions:

Seller's Market- 5 or less months of inventory

Healthy Market- 6 months of inventory

Buyers Market- over 7 months of inventory

Seller’s Markets in Knoxville TN as of August 2009

• Northshore/Choto- $225,000 and under
• Farragut- $150,000 and under
• Hardin Valley- $225,000 and under
• Karns- $225,000 and under
• Powell- $150,000 and under
• Halls- under $150,000

If you have a home in this area- now is the time to sell!  Inventory is low and Buyers are buying in this area.  Sell high and then buy low in an over saturated area.  CLICK HERE to see where some of Knoxville's most saturated market areas are.

Contact us today for your FREE Market Analysis and start packing! 

Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.MyKnoxvilleHomeSearch.com

 

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

Instantly search for all Homes For Sale in Knoxville , Farragut, Powell TN, Alcoa TN, Lenoir City, Maryville, Oak Ridge, Corryton, Louisville, Blaine, Seymour, Strawberry Plains     

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.

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While over 70% of the earth's surface is covered with water, only 2.5% is fresh water, and less than 1% of Earth's freshwater, and only about .007% of all earth's water is actually available for human use and consumption.

Conserving water is of extreme importance as water is a nonrenewable resource that needs to be protected and conserved as without it life is not capable.

Conserving this valuable natural resource can be done by using just a little bit of common sense and minimal expense.  Here are some simple water conservation steps that you can take to immediately start saving water as well as money:

1. Turn off water while brushing teeth.
2. Only run washing machine and dish washer when full.
3. If your driveway is dirty use a broom rather than a garden hose.
4. Choose sustainable landscaping techniques
5. Shorten your shower
6. Install aerators on all faucets
7. Use the garbage disposal sparingly- compost instead to save water
8. Avoid overwatering

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

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

 

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

Instantly search for all Homes For Sale in Knoxville , Farragut, Powell TN, Alcoa TN, Lenoir City, Maryville, Oak Ridge, Corryton, Louisville, Blaine, Seymour, Strawberry Plains     

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.

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