Knoxville, TN Real Estate News

By Christine McInerney, The McInerney Team, Knoxville TN Homes For Sale
(Great Life RE)
If you’re out looking for a place to call home while attending the University of Tennessee Knoxville, Lake Plaza may be the perfect Condo/Apartment Complex. Renting is always an option for students, but Why not consider buying a unit? There are still 29 beautiful units available. Buying a unit can be very beneficial for your family if you have multiple children planning on attending the university. Charge non-family members rent, and you won’t have to worry about Your child’s other college expenses!       You can see Hodge’s library, Neyland Stadium, and many other campus buildings From your Balcony at lake plaza. This location can’t be beat! Walk to your classes in 5-10 minutes.   The building was built in 2008. The interior is very modern, and the units are spacious and efficiently p...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
It's Friday, have you thanked a Veteran today? There are still some events for this weekend celebrating Veteran's Day, and a few other events for you to have some Weekend Fun, Knoxville Style! As you may have guessed from a previous post, I'm a pretty big fan of the Knoxville Zoo. It's a great place to spend an afternoon (and get some great pictures!). This weekend, the Knoxville Zoo has teamed up with Kroger to offer a FREE weekend! Yes, folks, I wrote that 4-letter word -- FREE. Free parking and free admission on November 12 & 13! All they ask is that you stop by Kroger and pick up a charitable donation. Visitors are encouraged to stop by Kroger and pick up a donation for one of the charitable organizations who will be on-site at the zoo during Kroger Free Weekend. Mission of Hope, Yo...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Today, let's take a look at the October market report for a nice subdivision in the Cedar Bluff area. Foxboro subdivision is off of Piney Grove Church Road, which makes it convenient to shopping, restaurants, and commuting. A closed neighborhood, which means it is very family friendly. Currently, there are 4 active properties on the market. During October there were 2 closed sales, giving us an absorption rate of 2.0. Average list price: $202,175 Most expensive listing: $234,900 Least expensive listing: $184,900   Average closed price: $196,700 While this neighborhood remained relatively stagnant in sales for several months this year, closed sales have picked up these past two months.  Please don't confuse Foxboro subdivision with Foxboro Drive when doing a basic search! If you are inte...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Yeee Hawww! It's Friday, and that means it's time for the latest edition of Weekend Fun, Knoxville Style!   If you haven't heard, it's homecoming weekend, and that means the UT Homecoming Parade on Friday (11/4) at 4 pm starting at "The Rock." There are a number of other events scheduled for Homecoming, culminating in the "Clash of the Tennesseans" on Saturday, with kickoff scheduled for 7 pm.  For the ice skating enthusiasts, Disney on Ice "100 Years of Magic" will be at the Knoxville Coliseum. I am told that there are some local skaters participating in this show, so lets go give them a great big Knoxville cheer! Saturday (11/5) is Cherokee Heritage Day at the Ramsey House. Featured festivities are historical interpretations of Cherokee history, such as the role of Cherokees in the Ci...
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By Christine McInerney, The McInerney Team, Knoxville TN Homes For Sale
(Great Life RE)
Amongst all the doom and gloom of real estate news, I am happy to report that the Hardin Valley real estate market in Knoxville TN is picking up.   The Hardin Valley area is a popular West Knoxville subarea that is located West of Karns, East of Lenoir City and Oak Ridge, and South of Farragut and Lovell Rd/Campbell Station area.   The Hardin Valley is an attractive area to reside due to the Pellissippi Parkway that makes commuting to the Oak Rigde area (Home of Oak Ridge National Laboratory) and Interstate I-40 which runs straight through Knoxville TN a breeze.  Recent Surge in Hardin Valley TN Real Estate    80 = Active Listings 20 = Homes with Pending Contracts 39 = Homes Sold in Past 3 Months 6.15 Months= Current Absorption Rate   This offers great home for the Knoxville area as we ...
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By Christine McInerney, The McInerney Team, Knoxville TN Homes For Sale
(Great Life RE)
Currently ranked as one of the more affordable US cities to live in Luxury Homes in Knoxville TN have a lot to offer.  Knoxville, TN which is nestled in the valley of the gorgeous Appalachian Mountain and littered with stunning area lakes and waterways, including Lake Loudon, The Tennessee River, and Norris Lake, the views of many of the Luxury Homes for Sale in Knoxville TN are second to none.   --> Click here to view all luxury homes for sale in Knoxville TN <--    
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By Christine McInerney, The McInerney Team, Knoxville TN Homes For Sale
(Great Life RE)
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 ...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Today, I'd like to take you to visit West Hills Knoxville, TN. This is an established, mid-century subdivision in West Knoxville. West Hills is located across from West Town Mall, borders along Kingston Pike to the south, Middlebrook Pike to the north, just west of New Weisgarber Road to the east and Gallaher View Road to the west.   The West Hills Community Association has been an active part of the community for 30 years. Addressing quality of life issues to zoning issues, the WHCA works hard to keep the neighborhood safe and appealing for it's residents.   While West Hills is convenient to shopping, eating and commuting, it also has playtime. The West Side Family YMCA is found within the John Bynon/West Hill Park, and includes baseball, basketball, tennis, playground venues. As an ad...
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By Christine McInerney, The McInerney Team, Knoxville TN Homes For Sale
(Great Life RE)
According to the National Association of REALTORS®, Median Sales Price of Existing Single-Family Homes for Metropolitan Area Report, the median home sales price in Knoxville, TN in 2011 is $142,900 which is down from $149,100 back in 2008.  With interest rates at an all time low and still fluctuating around 4% there has not been a better time to buy in the Knoxville, TN area.  Competition is stiff and a decreased number of buyers has forced Sellers that are serious about selling to get their homes in top notch showing conditions.  As a result Buyers are in a unique position to obtain a home for a lower price tag, a lower interest rate, and a home in much better condition than in the past years. Click Here to view all Knoxville Homes for Sale between $100-$150K Click Here to view all Kno...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Wow! I Just love the zoo. Always have. So much goes on, so much to see, and so much to do at the zoo. When I opened my morning paper to see that Jumbe has arrived at the Knoxville zoo, well, I just had to write about it! Jumbe (JUME-bay) is a 17 foot tall, male giraffe that came from the Dickerson Park Zoo, Springfield, MO. Unfortunately, Jumbe is only here on a breeding loan to Knoxville, under the Species Survival Plan, so I won't expect him to be here very long. Knoxville Zoo is a great place to walk around, not to mention they host a lot of different events and activities. Of course, when my son and his family came for a visit a few years ago, we had to "do the zoo," It was a pretty warm day in late April and the giraffes were just wandering about. A great big welcome to Jumbe, on h...
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By Christine McInerney, The McInerney Team, Knoxville TN Homes For Sale
(Great Life RE)
As the old saying goes, "give a man a fish and he eats for the day, teach a man to fish and he has food for a lifetime."  The McInerney Team of Keller Williams Realty feels strongly about arming our clients with the largest amount of information as possible.  We feel that by educating our clients with up-to-date facts, statistics, and trends about the current Knoxville, TN real estate market, our clients will feel confident in their home selling or home buying decision. The McInerney Team believes that working with a real estate professional is a team effort.  So what are you waiting for, visit our website to arm yourself with an arsenal of FREE information as well as support from the knowledgeable, friendly, and customer based McInerney Team.    
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
In some places, the market is saturated with foreclosures. Knoxville, is not saturated but does have its share. Currently, there are a 179 active forclosures (there are a number of Pending sales), and according to RealtyTrac, "1 in 796 housing units received a foreclosure filing in September 2011". Today, "The Donald" says it's time to get off the fence. Invest in real estate. "This time is a great time to buy a house, but only if it is owned by a bank," says Trump. "If a bank already owns a house, they are dying to get rid of it and they will give you all the loan you want because they have to get rid of those houses." Right now, active foreclosed properties in Knoxville range in price from $8,500 to $1,000,000, the average price is $138,658. You can find one east, west, north or south...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
WooHoo! It's Friday eve and I'm here a little early for Weekend Fun, Knoxville Style! I'm sure you're wondering what I have in store for you this weekend. While the Vols are away, Knoxvillians will play! If you're near Whittington Creek (along Northshore Dr), do stop in for the Whittington Creek Art Show. This show starts on Thursday (10/20) 5pm- 8:30pm, Friday and Saturday (10/21-22) 9am - 5pm, Sunday (10/23) 11am - 4pm, and features local artists.  One of the newest artists to join the WCAS this year is glass artist Tom Furman. For you craftsman beer lovers, Saturday at the World's Fair  Park is where you want to be for the Knoxville Brewers Jam. American craft homemade beer, music and food. Does it get much better than that? There's still time to catch a hayride, or pick some pumpkin...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
If you have ever driven down Pellissippi Parkway in the spring time, you have undoubtedly noticed all the daffodils blooming along the way. That lovely sight was due to Maria Compere, who has planted nearly 2 million daffodil bulbs along the Parkway in her effort to beautify Knoxville. This weekend, Knoxville Green Association, founded by Maria, is having a daffodil bulb sale. You see, Maria would like to plant another 50,000 daffodils this year, according to this article in the local paper. The proceeds of the sale will go towards Maria's project of beautifying Pellissippi Parkway, while we all beautify our little corners of Knoxville. What is happier than seeing those perky little flowers poking their heads up above the ground in spring time, while driving to or from work? Or seeing t...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Hi Knoxville Weekenders! It's Friday and boy do I have a treat for you, in this edition of Weekend Fun, Knoxville Style!  For all you Blues enthusiasts, Friday night (10/14) B.B. King will be at the Tennessee Theater. B.B. King may be 85 years old, but his music is timeless! The Vols will be kicking off against LSU at 3:30 at Neyland Stadium on Saturday (10/15). Should I dare make a prediction? If you are heading over towards Bean Station, Sunday-Monday (10/16-17) is the Bean Station Harvest Pride Days. Celebrating the culture of the area, you will find food, crafts, and much more. With ghosts and goblins nearly upon us, Big Ridge State Park (Union County) will be hosting Haunted Hikes on Friday and Saturdays through to the end of October. And some more great music on Sunday night (10/1...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
My next stop along the Parade of Homes was to Jefferson Park, Knoxville TN. There were three upscale showcase homes here, in this amazing lakefront subdivision.   Jefferson Park is located west off of Northshore Drive, and is has wide-tree-lined boulevards. Homes are built with Southern elegance in mind, and amenities are in no way lacking. The first showcase house is Lakeside Vista, and brought to us by Cornerstone Custom Homes. This $799,000 home has 5138 square feet. You will want to stop by and see the kitchen, as this is the first one I had seen in this year's Parade of Homes that has a "hearth room" off of it. How cozy! Everything in this home is luxurious, including the Theater Room. Next, I visited Ballantyne Place ($749,000), a custom home crafted by Zarb Homes, LLC. Designed  ...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Today I would like to bring you to Duncan Woods in the Knoxville Parade of Homes. This luxury home is brought to us by DuPree Graf Construction. The Bienville ($1,100,000), is nestled in the Duncan Woods subdivision, nearly a mile south off Kingston Pike. Oh, and I saw the sweetest group of deer on my way up the winding road. This is a 2-story, 5 bedroom home, complete with an elevator.With 6200 square feet of living space, there should be enough room for all. The magnificent kitchen is something to behold, with every convenience you can possibly wish for, and all of it top of the line. The marble countertops  are extra deep, and extra long. All the tile work is custom done, and you will find distressed wood floors throughout the home. The Master suite is on the main level. Can you imag...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
  It's Friday already and that means it's time for the latest edition of Weekend Fun Knoxville Style!   Once again, there are a lot of things to do, starting today, so let's get this ball rolling...   Who doesn't like to whine a little...whoops, that's who doesn't like WINE! Yes, head down to Knoxville Landing for Wine on the Water to benefit the Cystic Fibrosis Foundation. For $60 you get wine tasting, wonderful food, and live music, and you are helping those with CF while having this great time.   If you are into Antiquing (and who isn't?) head on up to Clinton for the Clinch River Antiques Festival. While you're checking out all those antiques, there are children's games to keep the kiddos busy happy. Downtown Clinton will be bustling with antiques today and Saturday (Oct. 7-8).   Al...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Today, I'd like to show you Harrison Springs, Knoxville TN, as I continue on the Parade of Homes route.   Harrison Springs is brought to you by HMH Construction, and they are presenting The Willow  ($273,500) for the showcase house.   But, first, a little about Harrison Springs. This subdivision is located near Lovell Road, Hardin Valley Road and Pellissippi Parkway, making it extra easy to get to shopping, work, restaurants, and McGhee Tyson Airport. It is very much a family friendly neighborhood.        The Willow, at 2440 square feet, is loaded with features, starting with the 2-story foyer. And I can't help but let you know about the lovely eat-in kitchen. Have you been wishing for a wet bar? You'll find it in The Willow! Upstairs we find some more great use of space. Lots of storag...
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By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
As I continue along the Parade of Homes, I'd like to show you Greendale, the showcase model at Ivy Bridge ($192,900). This model home has 2254 square feet of living space in two stories, and is a Smithbuilt Homes.  Ivy Bridge is situated a short distance off of Oak Ridge highway, and a family friendly neighborhood. The ever popular one entrance in and out, is found here. From the information packet, it appears there are only 53 total lots, so you know you have a nice sized community and yet a good chance to meet your neighbors. So, back to Greendale, the showcase home. As you can see from the picture, the kitchen has a nice workable layout. No being a contortionist reaching between the refrigerator and the stove top. And, there is plenty of counter space! As I had visited on a mostly cl...
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