Powell, TN

Today, I'd like to bring you out to see a quiet little neighborhoord in Powell, Dante Court.

Dante Court is on Fairbanks Way. Yes, folks, that's one road ending in a cul-de-sac! You can get there from Dante Road, NE or Dante School Road.This neighborhood is extremely convenient to I-75, yet when I spent the afternoon there today, you hear none of the highway traffic. Did I mention this was a quiet neighborhood?

The homes are all single family, and are relatively new -- most of the homes were built in 2007 or earlier.

On Market*

516 Fairbanks Way, Lot 9 (land) $26,900

508 Fairbanks Way, Lot 11 $180,000

Sold (since 9/23/2010)

512 Fairbanks Way, Lot 10 -- Closed on 8/31/2011 $149,900

Market information taken from KAARMLS on 9/23/2011

508 Fairbanks Way will be held open this Sunday, 9/25/2011, if you are interested in seeing it, please stop by!

If you would like more information please don't hesitate to contact me.

Powell TN Homes For Sale - Mendonhall Estates

Search all Powell TN Real Estate

Sit back and relax on the extra long country porch of this immaculate Powell TN home for sale with an extra private cul-de-sac location and super backyard that backs up to wooded area. This 3 bedroom, 2.5 bath upscale home also has an extra large bonus room that can accommodate an office, play and rec room area! The downstairs boasts gleaming hardwood flooring and ceramic tile in kitchen and all bathrooms. The master suite, with trey ceiling, contains dual vanities, whirlpool tub and separate stand up shower. Move right in to this highly desired Powell neighborhood, Mendonhall Estates, and live the good life! Zoned for Brickey McCloud Elementary, Powell Middle and Powell High school.

Mendonhall Estates
Knoxville, TN 37938

Over the years, Powell, TN has grown from a sleepy farm community to one of the fastest growing suburban communities in Knox County. Boasting Knox Counties Best of the Best Schools, Knox County's First Greenway System and ready access to all area attractions, Powell offers residents the quality and values of rural living with all the convenience and excitement of city life.

Search all Powell TN Real Estate

Powell, TN Market Snapshot- January 1, 2009- August 31, 2009

These statistics show homes located in the Powell TN subarea that had a list price of $130,000-$160,000.

Closed Listings- 40

Closed Price/List Price- $145,581 / $141,256 = Sellers are selling at 97% of list price
All comps have at least 3 Bedrooms and 2 Bathrooms between 1200-2000 square feet with Avg. Square footage of 1631- foreclosures are NOT included in these comps

• Avg. list price = $97.5 / sq ft

Current Active Listings- 42

Current New Listings- 2

Current Pending Listings- 5

Expired or Withdrawn (did not sell during listing period) - 26

Absorption Rate:

The absorption rate is a statistical estimate based on the number of properties actively on the market verses the number of closed properties. This number shows the rate at which the inventories of homes for sale are being sold.  The absorption rate helps determine, based on market trends, how many months it will take to your Powell TN home to be absorb (aka- for homes to go under contract and close) what is currently on the market.

Absorption Rate for last 8 months = 8.4 months worth of inventory

• About 5 homes selling each month

Absorption Rate based on last month of sales

• 8 Closed properties past 2 month (about 4 homes selling each month)
• 42 Active Listings

Absorption Rate = 10.5 months worth of inventory

Analysis:

• The housing market in the Powell TN has been pretty consistent in this price range and is still a Buyers Market.
• Knoxville, TN historically experiences cyclical season-based selling cycles, with the months of June-September having the highest number of sales.
• With only 4-5 homes selling each month in this price range, having your home in good sellable condition is a MUST- good condition, clean and declutter, fix all defects/eyesore- if unwilling to provide improvements must be priced below market value or you could expect to still be on the market next summer.

 
All data is derived from the Knoxville Association of REALTORS® and does not include non-MLS sales.  Information is deemed to be reliable, but not guaranteed- all information taken from the Knoxville MLS.

Curious about what is happening in your neck of the woods?  Contact us today at 865-237-5289 for a complimentary Knoxville Market Report specific to your area and price range.

Visit us online at www.HomesForSaleKnoxville.com,  www.KnoxvilleReal-Estate.com, www.KnoxvilleHomeExpert.com

 

 


If you are looking to buy a home in the Greater Knoxville TN area instantly search all homes for sale at www.MyKnoxvilleHomeSearch.com. If you are looking for a luxury home in Knoxville TN visit http://knoxvilleluxuryhomesellers.com.

Free Buyers Tools

Instantly search all properties for sale in the Knoxville TN and surrounding areas now!
www.MyKnoxvilleHomeSearch.com

Visit Christine McInerney and Jennifer Halinkowski with Keller Williams Realty on-line at:
www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate.com
Office: (865) 694-5904
Christine (865) 237-5289 and Jennifer (865) 621-3658
Mail to: McIn-Kowski@HomesForSaleKnoxville.com

 

Instantly Search For All Knoxville, TN Homes , Condos , and land For Sale!!

 

 

The Powell TN subarea is located in the North Western portion of Knox County and is best known for its suburban small town feel (with a bit ruralness) but within minutes to Downtown Knoxville. The Powell subarea are runs adjacent to the Karns subarea and is located just West of Halls. The Powell area has been growing quite rapildy over the past couple of years and has all the conviences of West Knoxville, but not as much traffic. One major reason people are flocking to the Powell area is because you can tend to get a lot more house for your money. If you are thinking of Selling or Buying a home in the Powell area you may be interested in these recent market report.

Please note that these stats that I will be showing below are taken from the Knoxville Association of Realtors® and include only single family residence homes that are/or have been listed in the Knoxville MLS. Also, for comparison purposes I am only using data taken from January 1, 2009 to June 30, 2009.

Active Listings	273
Closed Listings (1/1/09-6/30/09)	119
Absorption Rate (1/1/09-6/30/09)	13.77

So what does this all mean? What this shows is that the Powell TN subarea as a whole (all subarea and all prices) has an average of 13.77 months of inventory. The absorption rate will vary by price range and specific properties (i.e. # of bedrooms, # of bathrooms, and square footage). If you are thinking of Selling a home in the Powell area contact us and we will glady provide you with a custom report.

Interested in purchasing a home in the Powell TN area then contact us to set up a listing notifier to be the first to see the hottest listings. There are some spectacular homes for sale right now and many home owners who can't afford to have their home sit on the market for 7+ months are pricing their homes to sell. Sign up for a Powell TN Listing Notifier today.

As you can see from the chart below the Powell TN subarea has seen an increase in the number of closed sales in the past month, compared to the past 6 month average. As a result there is currently about 9.41 months of inventory on the market. This shows that currently the in Powell subarea, while it is still a Buyers Market, the inventory is decreasing and homes priced right are still selling. The average closed price during June 2009 was $160,589 and sellers were able to get 95.8% of their list price.

Current Active Listings	273
Closed Listings (6/1/09-6/30/09)	29
Absorption Rate (6/1/09-6/30/09)	9.41

Interested in purchasing a home in the Powell TN area then contact us to set up a listing notifier to be the first to see the hottest listings. There are some spectacular homes for sale right now and many home owners who can't afford to have their home sit on the market for 7+ months are pricing their homes to sell. Sign up for a Powell Listing Notifier today. For example, check out this amazing all brick one level home with a private backyard paradise and amazing pasture views: www.1835RidgeCreek.com- priced to sell at just $183,500.

Keep in mind real estate is and always has been all about location, location, location. There are some areas and price ranges within Powell that have improved significantly while others have not changed too much. Please click on the designated subareas below for data specific to each Knox County TN subarea.

Knox County Subareas (click on a subarea to view Market area stats specific to each subarea)

• Knox County- Market Overview
• North Knoxville
• East Knoxville
• Holston Hills / Chilhowee Park
• South Knoxville
• Norwood / Cumberland Estates / Pleasant Ridge
• Fountain City
• Halls
• Gibbs
• Carter
• South Doyle
• Westmoreland / West Hills / Riverbend / Sequoyah Hills
• Concord / Bluegrass
• Cedar Bluff
• Northshore / Choto
• Farragut City
• Lovell Road / Campbell Station
• Hardin Valley
• Karns
• Powell

If you are considering Selling your Knoxville area home Christine McInerney and Jennifer Halinkowski with Keller Williams Realty Knoxville TN will gladly provide you with a Free Comparative Market Analysis (CMA) as well as subdivision and area specific market data. Contact us by phone at (865)237-5289 or via e-mail at info@HomesForSaleKnoxville.com.

Visit Christine McInerney and Jennifer Halinkowski with Keller Williams Realty on-line at:
www.HomesForSaleKnoxville.com and www.KnoxvilleReal-Estate.com
Office: (865) 694-5904
Christine (865) 237-5289 and Jennifer (865) 621-3658
Mail to: McIn-Kowski@HomesForSaleKnoxville.com

Instantly Search For All Knoxville, TN Homes , Condos , and land For Sale!!

It is a beautiful but sad day for me, here in Knoxville, Tn. At 7:30 last night on the 19th I got the call that my dad, Richard Grubb, had passed away. I know that this has nothing to do with Real Estate, however, it will or has come into everyones life. This fact of Death.

My mom, Hazel, is almost 80 and Dad had turned 80 in March of this year! He had suffered from strokes and heart trouble for over 10 years but had only been in the Veterans Home for a little over two years. It is peaceful because being almost blind and not able to do anything for himself except eat, it has been hard to watch! The strokes had taken a toll on him and he has not been himself for a long time!

My brother and sister, and I are helping make arrangements since they were not pre-arranged, (wish they had been). This is a hard thing to do!

I am writing about this because, nobody talkes about death and it is really a part of life. My husband of Thirty years was killed in a car wreak, my nephew, at 28 was also, so our family is not imune from tradgedy.

I'm Glad I can say;" O Death where is your sting, O Grave where is your Victory" I hope you can too!