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Jim Lee, Knoxville Tennessee Realtor®

Knoxville Tennessee 1st quarter 2008 sales report

Here's the first quarter of 2008 sales report for the greater Knoxville, Tennessee area

Home Sales Report Beginning 01/01/2008, Ending 03/31/2008

Single-Family Unit Sales by Price

Bedrooms Other Statistics
Price 2- 3 4+ Condos Sold Residential Active Condos Active
Totals 369 1,493 543 334 18,774 2,636
Average Price (in thousands $) 80.2 158.3 292.4 171.2 256.3 226.0
Median Price (in thousands $) 66.0 144.0 229.9 149.9 189.9 189.9
Sum Price (in thousands $) 29,609.3 236,377.1 158,774.9 57,169.9 4,811,560.7 595,689.2
$0 - $19,999 36 10 2 0 52 1
$20,000 - $29,999 38 22 4 0 152 0
$30,000 - $39,999 31 30 2 0 258 0
$40,000 - $49,999 35 36 2 0 297 5
$50,000 - $59,999 24 40 6 2 376 7
$60,000 - $69,999 29 47 6 5 490 24
$70,000 - $79,999 26 62 10 8 548 36
$80,000 - $89,999 23 56 3 7 586 55
$90,000 - $99,999 25 69 8 14 614 63
$100,000 - $119,999 26 152 24 50 1,160 226
$120,000 - $139,999 22 185 34 56 1,545 276
$140,000 - $159,999 26 196 40 47 1,478 259
$160,000 - $179,999 7 143 37 42 1,343 297
$180,000 - $199,999 5 106 44 23 1,370 196
$200,000 - $249,999 8 160 76 32 2,254 364
$250,000 - $299,999 5 79 66 23 1,858 268
$300,000 - $399,999 2 68 85 20 1,936 333
$400,000 - $499,999 0 21 36 3 957 141
$500,000 or Over 1 11 58 2 1,500 85
Single-Family Unit Sales By Days On Market
Time On Market Units
Units Sold 2,739
Average Market Time 103 Days
1 - 30 Days 561
31 - 60 Days 519
61 - 90 Days 410
91 - 120 Days 313
121 - 180 Days 489
181+ Days 431
Single-Family Unit Sales By Financing
Type Units
Total 2,739
Cash 418
Conventional 1,853
FHA 256
Other 140
Owner 13
VA 59

Knoxville Tennessee area March 2008 Sales Report

Here's the March 2008 sales report for the great Knoxville, Tennessee area

Home Sales Report Beginning 03/01/2008, Ending 03/31/2008

Single-Family Unit Sales by Price

Bedrooms Other Statistics
Price 2- 3 4+ Condos Sold Residential Active Condos Active
Totals 138 581 211 121 14,117 2,037
Average Price (in thousands $) 84.6 158.8 291.1 172.2 262.4 226.2
Median Price (in thousands $) 70.0 143.0 229.9 153.1 194.9 193.5
Sum Price (in thousands $) 11,675.9 92,245.2 61,427.7 20,837.7 3,703,988.4 460,773.4
$0 - $19,999 11 5 1 0 31 0
$20,000 - $29,999 18 10 1 0 86 0
$30,000 - $39,999 8 11 0 0 161 0
$40,000 - $49,999 10 12 1 0 200 5
$50,000 - $59,999 10 11 2 2 256 5
$60,000 - $69,999 12 21 3 1 352 18
$70,000 - $79,999 9 25 5 3 395 26
$80,000 - $89,999 11 26 2 0 447 42
$90,000 - $99,999 9 25 5 6 441 51
$100,000 - $119,999 7 62 11 16 855 166
$120,000 - $139,999 8 66 14 19 1,131 198
$140,000 - $159,999 13 77 16 16 1,105 203
$160,000 - $179,999 2 55 11 22 1,000 230
$180,000 - $199,999 0 49 14 7 1,042 144
$200,000 - $249,999 5 54 26 12 1,704 291
$250,000 - $299,999 4 27 24 6 1,430 218
$300,000 - $399,999 1 35 39 8 1,524 274
$400,000 - $499,999 0 7 15 3 762 115
$500,000 or Over 0 3 21 0 1,195 51
Single-Family Unit Sales By Days On Market
Time On Market Units
Units Sold 1,051
Average Market Time 104 Days
1 - 30 Days 225
31 - 60 Days 186
61 - 90 Days 162
91 - 120 Days 101
121 - 180 Days 196
181+ Days 175
Single-Family Unit Sales By Financing
Type Units
Total 1,051
Cash 158
Conventional 692
FHA 121
Other 55
Owner 3
VA 22

It's springtime and Dogwood Arts Festival time in Knoxville, Tennessee

Well, spring has official arrived in the greater Knoxville, Tennessee area.

Lots of Robins in sight, I mowed our lawn for the 4th time yesterday, and the annual Dogwood Arts Festival is underway.

red dogwood blossoms in knoxville tn

Red Dogwood blossoms in Knoxville, Tennessee

Billed as the "best 17 days of spring", Knoxville's Dogwood Arts Festival features lots of great events from music, to art, and best of all, the Dogwood Trails.

Our Dogwood trails consist of over 70 miles of scenic drives through seven of Knoxville’s most beautiful and architecturally significant neighborhoods. The 2008 featured trail is Sequoyah Hills, one of my favorites.

This year's parade had to be postponed until April 26th due to threatening weather so if you thought you missed it you have another chance. The parade features Knox County high school marching bands and community entries along with other themed entries. I love a parade and the Dogwood Arts parade and the Santa Claus parades are 2 of my local favorites.

This weekend (April 11-13) is the festival on Market Square Mall downtown featuring music, dancing, arts exhibits, local craftsmen, and of course food.

knoxville tn dogwoods

I took this picture this morning from the end of my driveway looking up the street; lots of Redbuds and Dogwoods in full bloom.

5 goal setting tips to make sure you get that home you want.

We hear a lot about setting goals and how powerful they can be in our lives. It stands to reason that if you want to own a home of your own then setting a goal to make that a reality will make that happen more quickly and more surely than if you merely wish for it or think about it every now and then.

Here are 5 tips that will greatly increase your chances of living in the home of your dreams much sooner than you thought possible.

  1. First, and most important, you have got to write your goal down and be very specific what you're after. Don't just write; "I want to own a home.". Instead write; "I want to own a 2200 square foot, 3 bedroom, 2 bathroom, 2 car garage home with a fireplace and a large, wooded lot.". Being specific lets your mind's eye see you goal and focus on achieving it.
  2. Your goal must be measurable. For example, if you need to save some money for a down payment, break that into smaller goals and achieve them one at a time. In what will seem like no time you will have that down payment money in the bank.
  3. Your goal must be believable to you. In order to reach that goal you must believe you can; that is, for most of us, owning a luxury Caribbean beachfront mansion would not be believable while owning a 2,000 square foot brick home on a 1/2 acre lot in your city would.
  4. It must be something important to you that you have a clear purpose for wanting. "I want to own a home of my own to afford my family the security it offers, to have a yard to grow roses in, and/or to stop rent increases every year."
  5. And finally, and one of the most important goal setting tips; you must set a time limit to achieve your homeowner ship goal. "By June 10th, 2009, My family and I will own and be living in my 1800 square foot, 3 bedroom, 2 bath home on a 1/2 acre lot."

Following and implementing the 5 tips above are almost guaranteed to make a homeowner out of you.

The sooner you get started the sooner you'll be living in your new home.

"Sundown in the City" in downtown Knoxville Tennessee

In what has become one of the rites of spring in the greater Knoxville area, a weekly outdoor concert series called "Sundown in the City" kicks off April 17th with the funk-fusion band Galactic.

Each Thursday evening beginning at 6:00 pm with the music starting at 7:00, the downtown Knoxville Market Square Mall comes to life with live music for all ages and tastes.

sundown in the city knoxville tn, a series of free outdoor concerts in the downtown knoxville market square mall

And best of all, it's totally FREE even to the parking!

Sponsored by a group of local businesses, Sundown in the City has drawn crowds of over 10,000 music lovers who kick back and enjoy rock, jazz, country, bluegrass, and a bit of music for every taste.

It's conducted in a wholesome atmosphere so it's a great family activity for kids & families of all ages. You can bring blankets or lawn chairs but coolers and outside food and drinks are banned.

Not to worry though, the Knoxville Market Square Mall has lots of restaurants and vendors on hand to keep you supplied.

So come this April 17th and running through July 3rd, downtown Knoxville and the Market Square Mall will be a happening place to be. Come on down and enjoy yourself in this lively atmosphere and enjoy some great (and free) music!