Last week buyers rushed to get in on the buyer tax credit, putting contracts on 16 homes in College Park. There will be no extension this time, except for those having recently served overseas in the military. They have one more year.

In case you missed the article in today's paper about what's to become of the Amway Arena, check it out:
http://www.orlandosentinel.com/news/local/breakingnews/os-magic-arena-church-20100428,0,480709.story
Some of the proposals include a Mega Church and also a Creative Village, attracting companies working in film and television production, video game software and simulation, special effects, art, graphics and more. In my opinion, the latter would be a boost to College Park real estate as the employees of these companies move here looking for places to live close to work.

Average rates last week remained just above 5% on a 30 year conventional mortgage (5.06%) and were 4.39% on a 15 year.

ACTIVE LISTINGS: 238
PENDING SALES: 83
CLOSED SALES: 4/26/2010 - 5/2/2010


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.