*This Knoxville real estate trends report is for single family homes in the Knox County market area and does not include condos. Data Source: KNOXVILLE AREA ASSOCIATION of REALTORS®; information deemed reliable, but not guaranteed.

If you have any questions about Knoxville Real Estate, please don’t hesitate to call or email.

For a limited time thru 03-31-09, Knoxville homeowners can download a Free Homeowner’s Property Tax Reduction Kit from the American Homeowner’s Association Web site.

A $29.95 value – Courtesy of Knoxville Real Estate Agent David Hamilton

More free information about the Knoxville real estate market is available at the Knoxville Real Estate Web site.

The President is expected to sign into law the American Recovery and Reinvestment Act of 2009 that passed the House and Senate yesterday. The bill includes a homebuyer tax credit for first time homebuyers that provides for up to an $8,000 tax credit.

To view the major modifications to the *First Time Homebuyer Tax Credit – Click Here for PDF Document.

*Check with your tax advisor, attorney or CPA to see how the homebuyer tax credit will affect your individual situation.

There is a lot of free information available to you about buying, selling or investing in Knoxville real estate. For complete information about the Knoxville TN real estate market including Knoxville homes for sale, please visit the most complete Web site online dedicated to everything Knoxville Real Estate.

David Hamilton
Ferguson Realtors
8085 Kingston Pike
800-747-0713 Toll Free
865-690-1300 Office
865-310-0636 Cell

In terms of the number of units sold, Cedar Bluff real estate was the hottest area in West Knoxville in 2008 with 378 single family residential home closings. Cedar Bluff home sales represented 7.8% of the Knoxville home market volume (single family residential homes).

Cedar Bluff Homes Sold in 2008

• Number of Units Sold – 378
• Average Original List Price – $199,169
• Average List Price – $195,283
• Average Closing Price – $190,281
• Average # SF – 2,110
• Average Market Time – 87 Days on Market (DOM)

Cedar Bluff Homes That Failed To Sell in 2008

• Number of Expired Units – 121
• Average Original List Price – $237,877
• Average List Price – $231,500
• Average # SF – 2,448
• Average Market Time – 164 Days on Market (DOM)

Knoxville Homes Sold in 2008

• Number of Units Sold – 4868
• Average Original List Price – $219,367
• Average List Price – $206,852
• Average Closing Price – $200,018
• Average # SF – 2,064
• Average Market Time – 90 Days on Market (DOM)

Knoxville Homes That Failed To Sell in 2008

• Number of Expired Units – 2,495
• Average Original List Price – $272,772
• Average List Price – $253,312
• Average # SF – 2,265
• Average Market Time – 161 Days on Market (DOM)

More information about Cedar Bluff real estate including homes for sale in Knoxville is available at the Cedar Bluff Homes Web site.

David Hamilton
Ferguson Realtors
8085 Kingston Pike
Knoxville, TN 37919
865-310-0636 Cell
865-690-1300 Office
800-747-0713 Toll Free

This Cedar Bluff Home sales report does not include condos. Information deemed to be from a reliable source, but not guaranteed.

Pending home sales rose 6.3% in December. The South region had the largest increase in pending home sales, up 13%. Roughly 45% of home sales are foreclosures, REO’s (bank owned) and distress sales.

Wow 45%! To receive your Free weekly list of distressed sale properties visit my Knoxville Homes information Web site. If you are a move-up buyer, now is a great time to buy a home in Knoxville coupled with record low interest rates and the highest home affordability since 1989.

Here’s an 8 minute video with Chief Economist Lawrence Yun of the National Association of REALTORS®.

There is a lot of free information available to you about buying and selling Knoxville real estate including Knoxville Short Sales info and more by visiting the most complete Web site online dedicated to everything Knoxville Homes. You may alternatively email or call me on my cell at 865-310-0636.

David Hamilton
Ferguson Realtors
8085 Kingston Pike
Knoxville, TN 37919
865-310-0636 Cell
865-690-1300 Office
800-747-0713 Toll Free

Cedar Bluff Real Estate Market Trends Report

There are currently 205 Cedar Bluff homes for sale in Knoxville at an average listing price of $222,000 with an average square footage of 2,249.

4^th Quarter 2008 Cedar Bluff Home Market Statistics

Closed Units

• Number of Units Sold – 60 units
• Average Original List Price – $196,721
• Average List Price – $191,418
• Average Closing Price – $185,752
• Average List To Sell Ratio – 97%
• Average # SF – 2,116
• Average Market Time – 98 days on market (DOM)

Expired Units That Failed To Sell

• Number of Units Expired – 44 units
• Average Original List Price – $240,127
• Average List Price – $232,625
• Average # SF – 2,500
• Average Market Time – 165 days on market (DOM)

Previous Quarter Cedar Bluff Home Market Statistics

Closed Units

• Number of Units Sold – 114 units
• Average Original List Price – $203,462
• Average List Price – $198,561
• Average Closing Price – $192,970
• Average List To Sell Ratio – 97.2%
• Average # SF – 2,114
• Average Market Time – 95 days on market (DOM)

Expired Units That Failed To Sell

• Number of Units Expired – 25 units
• Average Original List Price – $232,424
• Average List Price – $226,776
• Average # SF – 2,401
• Average Market Time – 186 days on market (DOM)

Same Quarter Last Year Cedar Bluff Home Market Statistics

Closed Units

• Number of Units Sold – 103 units
• Average Original List Price – $200,652
• Average List Price – $197,800
• Average Closing Price – $193,353
• Average List To Sell Ratio – 97.8%
• Average # SF – 2,128
• Average Market Time – 76 days on market (DOM)

Expired Units That Failed To Sell

• Number of Units Expired – 26 units
• Average Original List Price – $246,885
• Average List Price – $241,727
• Average # SF – 2,384
• Average Market Time – 145 days on market (DOM)

Thinking about selling your Cedar Bluff Home? In today’s market, your home needs to be picture perfect before exposing it to the market! Here’s a short video by Barbara Corcoran for tips on getting your home ready for today’s savvy home buyers.

There is a lot of free information available to you about buying, selling or investing in Cedar Bluff real estate. For complete information about the Cedar Bluff, TN real estate market including current Knoxville homes for sale, property values and more; please visit the most complete Web site online dedicated to everything Cedar Bluff Homes. Feel free to contact me with any of your real estate and mortgage questions and I will be more than glad to answer your queries. Call me on my cell at 865-310-0636 or send me an email.

This market update is provided courtesy of Cedar Bluff Real Estate Agent:

David Hamilton
Ferguson Realtors
8085 Kingston Pike
Knoxville, TN 37919
865-310-0636 Cell
865-690-1300 Office
800-747-0713 Toll Free

This real estate market update is for single family homes in the Cedar Bluff Market Area and does not include condos. Information deemed reliable, but not guaranteed.

As of this writing there are 123 Hardin Valley homes for sale in Knoxville at an average list price of $365,947 and average 2,721 SF.

Fourth quarter 2008 home sales in Hardin Valley were 33 units at an average closing price of $302,765 and an average market time of 90 days. The average listing price was $306,456 and averaged 2,622 SF.

Expired listings – 22 homes failed to sale in the fourth quarter at an average list price of $382,539 – average 2,829 SF and an average market time of 183 days.

Price IS King! Properly pricing a home from the start of the listing period is represented in the 98.8% list to sell ratio of 4^th quarter closed home sales in Hardin Valley.

For more information about Determining the RIGHT PRICE for Hardin Valley Homes including Knoxville Homes for sale visit the Hardin Valley Homes Web site.

David Hamilton
Ferguson Realtors
865-310-0636 Cell
865-690-1300 Office
800-747-0713 Toll Free

This real estate market update is for single family homes in Hardin Valley and does not include condos. Information deemed reliable, but not guaranteed.