I had a request to add a vacant land category to College Park Update, so I am happy to oblige! I will update that every month or so as there really isn't a lot of activity. Just to give you an idea of the market change, from January of '05 through December of '06 there were 21 vacant land sales. You can view this year's activity at the bottom of this page.

The number of active listings in 32804 continues to decline, a very good thing for our market.

Average mortgage rates are the highest they've been in 7 months, ending the week at 5.59% on a 30 year fixed and 5.06% on a 15 year. Still not horrible, historically speaking.

CLOSED SALES: 6/8/2009 - 6/14/2009
905 W SMITH ST: 2/2 - 1,139 sq/ft - $173,000
1105 YATES ST: 2/1 - 904 sq/ft - $178,500
209 W HAZEL ST: 3/1 - 1,370 sq/ft - $140,000 *SS

*SS - Short Sale
*BO - Bank Owned

OTHER MARKET ACTIVITY: 6/8/2009 - 6/14/2009
New Listings: 9
Pending Sales: 6
Price Reductions: 22

PRESENTLY ON THE MARKET: 6/15/2009
Active Listings: 279
Under 100K: 11
100K - 199,999: 67
200K - 299,999: 72
300K - 399,999: 47
400K - 499,999: 16
500K - 599,999: 20
600K - 699,999: 19
700K - 799,999: 6
800K - 899,999: 4
900K - 999,999: 6
Over $1,000,000: 11
Total Pending Sales: 48

VACANT LAND:
ACTIVE: 30
PENDING: 1
SOLD (YTD 6/15/09): 1

Not a lot of activity with vacant land in College Park. Of the 29 listings, 4 are zoned R-2, 4 are lakefront and 3 are short sales. The lot that is pending is listed at $64,900 and is on Edgewater Drive. The lot that sold was a lakefront lot on Lake Fairview that sold back in March for $295,000.

The above numbers for College Park Update come from single family homes, condos and land listed in the MLS in the 32804 zip code.