About Knoxville's Northshore Drive, Choto

Each morning I get the pleasure of driving by the most beautiful scenery in Knoxville. I live in West Knoxville and work in the Bearden Hill area. So every morning I get to take Northshore Drive. On my way to work, I get to see Lake Loudon. Here is one of the images I get to see each day. If you do not know where this is, I will be glad to show you! You may be like me and want to move to the area! View homes in this area and all of Knoxville at YourKnoxvilleAddress.com

for the week of December28th

This past week the Knoxville County Registrar of Deeds reported 139 closed real estate transactions.

Like most previous weeks most of the action was in the $50,000 to $150,000 prices ranges with closed transactions dropping off dramatically as the scale moved towards the higher prices.

There were 4 closed transactions over $1,000,000 and 2 in the $500,000 to $1,000,000 range.

The average sales price in Knoxville for November 2008 was $85,900 for a 2 bedroom, $155,800 for a typical 3 bedroom home and $244,500 for 4 bedrooms and more.

This west Knoxville home closed at $160,000, 94.17% of the $169,900 list price.

There are still lots of great buys available and with interest rates moving into the mid 4% range, financing is looking pretty great as well.

Southeast Mortgage company in my office is still quoting 4.5% for a 30 year fixed rate mortgage.

Is that the bottom? Who knows, but I do know that a 4.5% interest rate translates into an extremely attractive monthly payment.

A $100,000 mortgage at 4.5% would have a monthly principal and interest payment of $506.69!

The monthly payment on $200,000 would be $1013.37.

Visit www.KnoxvilleHomeCenter.com to see what's for sale and if it might be a fit for you and your family.

This past week had a total of 137 property transfers in all prices ranges from over one million dollars to some under $50,000

There's a great selection of homes for sale in the greater Knoxville, Tennessee area and terrific mortgage rates in the 5% range are available too.

This stately 2 story home is listed for $299,000

Brokered by ERA, Top Producers, 691-5348

Visit my real estate blog to see more Knoxville, Knox County, and Farragut homes for sale.

www.KnoxvilleHomeCenter.com has all Knoxville area Realtor listings currently for sale; no registration required.