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.