We had another good week last week in College Park with 9 properties going under contract.

First time home buyers (or anyone not having owned a house in 3 years) have a great leg up right now. On home purchases through 12/1/2009, they will receive an $8,000 tax credit that does not have to be paid back. The credit also applies to divorced, single moms purchasing a home this year. Let me know if you would like more information.

Rates hit an all time low last week, averaging at 4.625% on a 30 year fixed!

CLOSED SALES: 3/16/2009 - 3/22/2009
1706 OAKMONT LN: 2/1 - 1,341 sq/ft - $239,900
2801 ARDSLEY DR: 4/3 - 2,686 sq/ft - $750,000 (Lk. Silver)
1337 VASSAR ST: 3/1/1 - 1,334 sq/ft - $213,000 *SS
*SS = Short Sale
*BO = Bank Owned

OTHER MARKET ACTIVITY: 3/23/2009 - 3/29/2009
New Listings: 8
Pending Sales: 9
Price Reductions: 19

PRESENTLY ON THE MARKET: 3/29/2009
Active Listings: 282
Under 100K: 10
100K - 199,999: 56
200K - 299,999: 87
300K - 399,999: 41
400K - 499,999: 20
500K - 599,999: 14
600K - 699,999: 21
700K - 799,999: 7
800K - 899,999: 8
900K - 999,999: 3
Over $1,000,000: 15
Total Pending Sales: 31

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.