With interest rates remaining stable this is a great market for the buyer. A good supply of homes will likely increase near term causing the more motivated sellers to rise to the top. Excellent time to consider moving up if you've been in your present property for 4 to 8 years with a higher interest rate than the prevailing 5.25% - 30 year fixed rate and 4.75% for 15 year fixed. There are presently 497 homes for sale in Bearden (MLS areas 116 and 117) not including condos (a 9.8% decrease since my last report in July) and the average price up 2.2% to $527,632 and the average square footage is 3442. Great time to buy in Knoxville. The Winter months and holidays are presenting good oportunities as motivated Sellers are pricing to attract desireable Buyers.
ZIP Codes: 37919, 37923, 37909 Approximate Location Boundaries: West Knoxville, Bearden, Cedar Bluff, Farragut
Location Characteristics: Convenient to all major arteries and great school systems
