Over the past two weeks we've had steady activity in College Park with 16 houses going under contract. Once again, most price ranges were represented. It's still slow going for many sellers, however, with so few buyers in price ranges over $200,000.

The pending sales were listed as follows:
3 - Under $100,000
6 - $100,000 - $199,999
2 - $200,000 - $299,999
2 - $300,000 - $399,999
1 - $400,000 - $499,999
1 - $600,000 - $699,999
1 lakefront house listed at $1,899,000 for $7,434 sq/ft (bank owned)

ACTIVE LISTINGS: 218
PENDING SALES: 77
CLOSED SALES: 11/15/2010 - 11/28/2010

VACANT LAND
ACTIVE: 19
PENDING: 1
SOLD (1/1/2010 - 11/29/2010): 4
Gerda Street: $162,000
620 Stetson: $155,000
717 Langston Court: $61,750

1568 Eastin Avenue: $206,000

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

Just when I thought I was done telling you that rates were the lowest they'd ever been in the history of tracking them, they came down even further! Last week rates on a 30 year conventional loan averaged 4.17%. Unfortunately the low rates aren't doing much to stimulate the national housing market. In the third quarter of this year the number of sales fell by 21% nationally. In contrast, here in College Park the number of closed transactions rose by 15.3% in Q3. Real estate is so local...what you hear on the news about the U.S. market as a whole doesn't always apply here. Call me anytime if you ever want to know more.

The end of year slow down continues with 6 pending sales last week and just 10 new listings.

The pending sales were listed as follows:
2 - Under $100,000
2 - $100,000 - $199,999
2 - $200,000 - $299,999

ACTIVE LISTINGS: 228
PENDING SALES: 73
CLOSED SALES: 11/8/2010 - 11/14/2010

VACANT LAND
ACTIVE: 18
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.

The College Park market brought more steady activity last week, with 11 pending sales listed at $250,000 and under.

While it's typical to see our inventory dip at the end of the year, it's encouraging to see the number of active listings down to the lowest number in years. With the foreclosure fiasco with the banks right now, current sellers can reap the benefits of fewer distressed listings in competition with theirs, for the time being.

The pending sales last week were listed as follows:
4 - Under $100,000
4 - $100,000 - $199,999
3 - $200,000 - $299,999

7 of the 11 pending sales were either short sales of bank owned properties.

ACTIVE LISTINGS: 227
PENDING SALES: 74
CLOSED SALES: 11/1/2010 - 11/7/2010


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.

Last week was a pretty decent one in the College Park market. Once again, we saw strong activity with the higher end listings. Rates remain historically low, averaging 4.23 last week. According to www.bankrate.com, however, two-thirds of industry experts expect rates to climb over the short term.

The pending sales last week were listed as follows:
1 - Under $100,000
1 - $100,000 - $199,999
2 - $200,000 - $299,999
3 - $300,000 - $399,999
2 - $400,000 - $499,999
1 listed at $850,000
Just 3 of the 10 pending sales were either short sales of bank owned properties.

ACTIVE LISTINGS: 231
PENDING SALES: 75
CLOSED SALES: 10/4/2010 - 10/24/2010


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.