We've entered the typical end-of-summer slow down in College Park with regard to buyer activity over the past two weeks:
20 new listings
32 price reductions
10 pending sales

The pending sales were listed as follows:
5 under $100K,
3 between $100-$200K
1 between $400-$500K
1 listed at $1,195,000!

I have to say, as much as I have been happy for my buyer clients who have gotten such great rates on their new mortgages, I was relieved to see that rates did not fall yet again last week. Hard not to worry about our economy with rates falling week after week. Average rates were up just a tad to 4.35% on a 30 year conventional loan...still amazing.

ACTIVE LISTINGS: 248
PENDING SALES: 67
CLOSED SALES: 8/30/2010 - 9/12/2010 (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.