Monday, April 26, 2010

I've been getting asked a lot lately what the average selling price is, per square foot, in College Park. I've said before, I hate throwing that number around because price per square foot only applies to homes with similar square footage and condition. College Park is now selling at $125 per sq/ft on AVERAGE. Let me know if you would like to know more specific numbers pertaining to your particular property.

Here is a look at how the average price per square foot has fallen and fluctuated since the peak, May of '07:


Last week buyers put contracts on 10 properties in College Park. 9 were listed under $250,000 and one for $299,000.

Rates are still low, staying even at 5.07% on average for a 30 yr. fixed rate, conventional loan, and 4.39% on a 15 year.

ACTIVE LISTINGS: 252
PENDING SALES: 80

CLOSED SALES: 4/19/2010 - 4/25/2010


VACANT LAND
ACTIVE: 30
PENDING: 1
SOLD (1/1/2010 - 4/18/2010): 0

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

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