I have noticed an increase in searches for Kensington subdivision in Knoxville, TN, so I thought this would be a good time to update you all on what is happening on the market there. As you may recall, Kensington subdivision is along Northshore Road, heading west from Rocky Hill.
I also mentioned that property turn-overs are pretty stable, meaning when a property does come on the market, and Kensington is your subdivision of choice, you want to make an offer to purchase pretty quickly.
So, what has gone on in Kensington as far as home sales these past few months? There are 4 homes on the market*, and 1 closed home sale in July.
- Average price: $534,925.00
- Least expensive:$505,900.00
- Most expensive: $599,000.00
- Median price: $507,900.00
Let’s take a look at overall home sales in Kensington. For that, I have a lovely chart:
As you can see, Kensington has seen some pretty steady home sales this year. That is good news for sellers and for buyers that want to enjoy the convenience that living in Kensington subdivision has to offer.
*Data taken from KAARMLS on August 10, 2012