Last week's activity in the College Park market was quite positive. Eight properties went under contract and three were priced at 399K and above. We have been seeing more movement recently in the $3000,000 - $500,000 price range.

There has been an increase in the percentage of distressed listings (short sales and bank owned) in pretty much all zip codes. College Park is still stronger than most, inching ahead of Windermere by 1% as of today. That's not to say that next week it could all change, but at this time we take the number two spot for market strength in the following zip codes with regard to number of active listings listed as short sales or bank owned:



Last week there was one closed sale:
3601 Dubsdread Cir: 2/1 - 1214 sq/ft - $140,000 *BO
BO = Bank Owned

Rates averaged 5.09% last week on a 30 year fixed rate conventional mortgage and 4.5%on a 15 year.

There are currently 241 active listings in 32804 and 51 pending sales.