Last week was a decent one in the College Park market with eight homes going under contract and two of them were over $500,000. Although few and far between, there are higher end buyers out there taking advantage of these great interest rates. As has been pretty common, however, most of the houses that went pending were under $200,000. Here's how each price range has stacked up so far this year:



Average mortgage rates remain under 5%. Rates on a 30 year fixed mortgage ran 4.83% last week, inching closer to the all time low of 4.78% earlier this year. Rates on a 15 year fixed averaged around 4.32%.

Here are the recent closed sales in 32804:



ACTIVE LISTINGS: 256



PENDING LISTINGS: 64

VACANT LAND
ACTIVE: 30
PENDING: 0
SOLD (YTD 11/16/2009): 4
848 TIMOR: $23,000
723 EDGEWATER: $63,900
1716 FAIRVIEW SHORES: $295,000 (lakefront)
2614 WESTMORELAND: $350,000 (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.