Last week in the College Park market there were 10 properties that went pending, priced from $139,900 - $574,900. Most Realtors I spoke with are seeing an increase in activity, including myself. I received contracts on 6 of my listings this week!

Average mortgage rates fell again last week to 4.99% on a conventional 30 year fixed rate loan and 4.4% on a 15 year. Low rates, along with the extension of the home buyer tax credit are definitely stimulating the market.

ACTIVE LISTINGS: 235
PENDING SALES: 53
CLOSED SALES: 1/18/2010 - 1/24/2010


VACANT LAND
ACTIVE: 25
PENDING: 0
SOLD (1/1/2009 - 12/31/2009): 5
848 TIMOR AVE: $23,000
723 EDGEWATER DR: $63,900
930 OAK ST: $250,000 (107 X 140 LOT)
1716 FAIRVIEW SHORES DR: $295,000 (lakefront)
2614 WESTMORELAND DR: $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.