Knoxville Tennessee Home Sales Report, 1st Quarter 2007
The Knoxville Area Association of REALTORS® recently released their 1st Quarter 2007 sales report.
You can access the report here
Compare it to the 1st quarter of 2006
And the 1st quarter of 2005
The good news is this for home sellers. 1st quarter 2007 sales was 3,386 total single family homes & condos sold. This compares pretty favorably to 3,675 sold during the same time period in 2006 and 3,236 during the 1st quarter of 2005.
This beautiful, brand new, 2,500 square foot home is priced at $245,900
The good news for home buyers is that your investment in a Knoxville home is likely to continue to appreciate in value. 1st qtr 2007 average price for a 3 bedroom home was $165,400 compared to $156,900 in 1st qtr 2006 and $146,200 in the same time period for 2005.
Further proof positive that Knoxville is not experiencing any sort of housing bubble and prices continue to escalate modestly as sales stay relatively static.
If you’re thinking of buying a Knoxville area home NOW is a great time. The benchmark 30 year fixed rate mortgages are just under 6% and there is a great selection of homes for sale. But like the figures show, don’t wait too long or your dream home could cost thousands of dollars more than you can buy for today.
2,000 square foot, 3 bedroom Cape Cod for only $199,900
Visit my website, www.KnoxvilleMLS.com to view all our Knoxville area Realtor listings currently for sale, including Farragut, Oak Ridge, and Maryville, and then give me a call to help you buy one.
