The past two weeks have been very active in the College Park market;
14 new listings
34 price reductions
23 pending sales!

The pending sales were listed as follows:
14 under $200K,
5 between $200-$300K
3 between $300-$400K
1 listed at $859,000

I'm thrilled to see our inventory down to 238 active listings. We haven't seen that since the beginning of May. Our pending sales, year over year, have gone up 12.5% from July '09 - July-'10. Most of the buyers are still in the under 200K range, but a few have taken advantage of the great rates to purchase some of the higher end homes as well. College Park is still proving to be one of the stronger markets in the Orlando area.

For the 9th time in 10 weeks, mortgage rates have fallen. Last week rates averaged 4.36% on a 30 year conventional loan.

ACTIVE LISTINGS: 238
PENDING SALES: 77
CLOSED SALES: 8/16/2010 - 8/29/2010 (two week period)


VACANT LAND
ACTIVE: 22
PENDING: 2
SOLD (1/1/2010 - 8/29/2010): 3
Gerda Street: $162,000
620 Stetson: $155,000
717 Langston Court: $61,750

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