Last week in College Park buyers were busy, putting 11 homes under contract. The clock is ticking on the first time home buyer tax credit, so those buyers are making sure they don't miss out.

Rates last week barely edged up to an average of 5.14% on a 30 year fixed and 4.58% on a 15 year.

CLOSED SALES: 8/24/2009 - 8/30/2009
2202 ELIZABETH AVE#B: 3/3 - 1,596 sq/ft - $205,000
600 W YALE ST: 2/1 - 964 sq/ft - $197,000
927 CARLSON DR: 3/2 - 1,759 sq/ft - $167,500
2305 EDGEWATER DR#1713: 2/1 - 1,209 sq/ft - $183,000 (Wellesley) *BO

*BO = Bank Owned

OTHER MARKET ACTIVITY: 8/24/2009 - 8/30/2009
New Listings: 7
Pending Sales: 11
Price Reductions: 27

PRESENTLY ON THE MARKET: 8/31/2009
Active Listings: 256
Under 100K: 8
100K - 199,999: 71
200K - 299,999: 66
300K - 399,999: 43
400K - 499,999: 19
500K - 599,999: 15
600K - 699,999: 10
700K - 799,999: 6
800K - 899,999: 1
900K - 999,999: 5
Over $1,000,000: 12
Total Pending Sales: 54

VACANT LAND:
ACTIVE: 30
PENDING: 0
SOLD (YTD 8/10/09): 3
848 TIMOR: $23,000
723 EDGEWATER: $63,900
1716 FAIRVIEW SHORES: $295,000 (lakefront)

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