This has set out to be a great August in the College Park real estate market! In August of 2008, 19 homes went under contract. So far this August, 18 have gone pending and we're only half way through the month. The chart below shows the activity from 7/08 - 7/09. You can see how bad things got and how we are beginning to rebound, as far as activity. Our inventory is down to 258 now also, so things are really starting to stabilize.



Rates rose last week, averaging 5.29% on a 30 year fixed and 4.68% on a 15 year fixed rate mortgage. Still incredible.

CLOSED SALES: 8/3/2009 - 8/9/2009
2607 COOLIDGE AVE: 3/2 - 1,400 sq/ft - $137,900 *BO
3009 HELEN AVE: 2/1 - 1,267 sq/ft - $230,000
3210 HARRISON AVE: 4/4 - 2,420 sq/ft - $425,000
6 E PAR ST: 4/2/1 - 2,480 sq/ft - $299,000

*SS - Short Sale
*BO - Bank Owned

OTHER MARKET ACTIVITY: 8/10/2009 - 8/16/2009
New Listings: 8
Pending Sales: 4
Price Reductions: 22

PRESENTLY ON THE MARKET: 8/16/2009
Active Listings: 258
Under 100K: 9
100K - 199,999: 75
200K - 299,999: 67
300K - 399,999: 37
400K - 499,999: 20
500K - 599,999: 16
600K - 699,999: 11
700K - 799,999: 6
800K - 899,999: 2
900K - 999,999: 4
Over $1,000,000: 12
Total Pending Sales: 47

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.