Spring is in the air and the phones are starting to ring. We are still seeing most of the activity in the 250K and under range as first time home buyers take advantage of low prices and FHA financing. Buyers are still taking their time, however, the number of showings in that price range is on the rise.

Last week four properties went under contract in College Park. They were listed between $59,900 - $495,000.

Average mortgage rates rose last week to 5.15% on a 30 year fixed and remained the same at 4.72% on a 15 year fixed. (These rates do not include add on points)

CLOSED SALES: 3/2/2009 - 3/8/2009
1317 Gunnison Ave: 3/2 - 1,813 sq/ft - $389,000

OTHER MARKET ACTIVITY: 3/2/2009 - 3/8/2009
New Listings: 6
Pending Sales: 4
Price Reductions: 21

PRESENTLY ON THE MARKET: 3/8/2009
Active Listings: 285
Under 100K: 11
100K - 199,999: 50
200K - 299,999: 92
300K - 399,999: 41
400K - 499,999: 20
500K - 599,999: 14
600K - 699,999: 26
700K - 799,999: 6
800K - 899,999: 7
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 24

The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.