These past few weeks my phone has been ringing off the HOOK with people looking for a nice place to rent in College Park. If you know anyone moving who is considering renting out their house, now is the time.

Last week in the College Park market there were 8 new listings, 29 price reductions and 5 properties that went under contract. Of those five, four were listed under $200,000 and the other was listed at $445,900.

If you didn't see the Orlando Sentinel on Sunday, Orlando is ranked number 3 in the nation for the number of people underwater in their mortgage. Keep in mind, that includes ALL of Orlando. Areas like College Park aren't quite as affected. Having said that, at this time there are 215 active foreclosure filings in the 32804 zip code and 38 of them are either Active or Pending listings in MLS. This does not include homeowners who are in default with foreclosure notices yet to be filed. So we still have a way to go until we stabilize, but some parts of town are much worse.

ACTIVE LISTINGS: 247
PENDING SALES: 72
CLOSED SALES: 5/10/2010 - 5/16/2010


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.