Fox Run (Farragut, TN)
Fox Run (Farragut, TN) Real Estate News
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12724 Comblain Road, Knoxville, Tennessee 37934
Jim Lee, Portsmouth NH Realtor, Portsmouth, NH (RE/MAX By The Bay)

 

Here's the setting you deserve. Well Kept all brick home in traditional style on a tree lined street.

farragut tennessee home for sale

Click Here for a virtual tour of this beatiful home

Extensively remodeled recently with new kitchen cabinets, quartz countertops, 4 bedrooms plus an upstairs bonus room.

large kitchen

Extensive hardwood flooring on the main level, a relaxing 3 season porch overlooking the backyard, and only 3 blocks from neighborhood pool and recreation area. Priced to sell at $388,500

master bedroom at 12724 comblain

3,300 square feet of "move in ready" comfort and ready to welcome a new family to enjoy it as much as we have.

A "Featured Home" on www.KnoxvilleHomeCenter.com

Jim Lee , REALTOR®, Certified Residential Specialist (CRS)

http://JimLee.com  RE/MAX By The Bay

150 Mirona Road, Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

Visit New Hampshire Maine Real Estate.com to search homes, get Seacoast area information, and find out how great living on the New Hampshire and southern Maine Seacoast really is.

 

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Is it a buyer's market in Knoxville, Tennessee?
Jim Lee, Portsmouth NH Realtor, Portsmouth, NH (RE/MAX By The Bay)

 

One of the best ways to calculate a trend in Knoxville housing sales is the absorption rate for that area.

The absorption rates for a huge area such as Knoxville or Knox County is a pretty meaningless number. To forecast current trends more accurately you need to target into a smaller area such as a specific area, subdivision, or zip code.

knoxville farragut tn homes sold

And, since most sellers and buyers are interested in the price point their particular Knoxville house fits into, limiting it to that price point makes this tool even more useful.

As an example let’s take the price point from $375,000 to $425,000 in the Town of Farragut, a popular suburb in the west end of Knox County.

According the the Knoxville Area Association of Realtors Multiple Listing Service (MLS) figures, there have been 32 houses sold & closed to date in the above price range in Farragut.

There are currently 44 homes for sale in Farragut in that price point. To calculate Farraguts absorption rate for that price point we first divide the number of months used, 10 in this case, into the number of sales, 32. The answer is an average of 3.2 homes sold per month.

Next you divide the sold homes average, 3.2 into the number for sale from the MLS, 44 and the answer is 13,75 which means there is currently a 13.75 months supply of homes for sale in Farragut (assuming no new listings come on the market).

That makes Farragut right now a very strong buyers market.

Read the rest of this article at:Knoxville Tennessee Real Estate Blog, Oct 2008

You should read the whole article. You can also find lots of great buying & selling tips at KnoxvilleHomeCenter.com

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Jim Lee , REALTOR®, Certified Residential Specialist (CRS)

http://JimLee.com  RE/MAX By The Bay

150 Mirona Road, Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

Visit New Hampshire Maine Real Estate.com to search homes, get Seacoast area information, and find out how great living on the New Hampshire and southern Maine Seacoast really is.

 

Follow RealtorJimLee on Twitter

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