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
|
Foreclosures Rates |
Total # of Sales |
# of Foreclosure Sales |
% of Foreclosures Sales |
|
2004 |
6765 |
407 |
6.0% |
|
2005 |
7265 |
518 |
7.1% |
|
2006 |
7223 |
508 |
7.0% |
|
2007 |
6400 |
450 |
6.3% |
|
2008 |
4904 |
750 |
15% |
|
2009 |
4439 |
818 |
18% |
|
2010 |
4172 |
781 |
18.7% |
|
2011 (Jan 1- Oct 31 Only) |
3240 |
549 |
16.9% |
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:
Christine McInerney and Jennifer Halinkowski - Knoxville TN Real Estate - Realty Executives Associates Knoxville Copyright © 2012
