I've been getting asked a lot lately what the average selling price is, per square foot, in College Park. I've said before, I hate throwing that number around because price per square foot only applies to homes with similar square footage and condition. College Park is now selling at $125 per sq/ft on AVERAGE. Let me know if you would like to know more specific numbers pertaining to your particular property.

Here is a look at how the average price per square foot has fallen and fluctuated since the peak, May of '07:


Last week buyers put contracts on 10 properties in College Park. 9 were listed under $250,000 and one for $299,000.

Rates are still low, staying even at 5.07% on average for a 30 yr. fixed rate, conventional loan, and 4.39% on a 15 year.

ACTIVE LISTINGS: 252
PENDING SALES: 80
CLOSED SALES: 4/19/2010 - 4/25/2010


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.

Things have slowed down a tad with regard to pending sales as we inch closer to the deadline for the buyer tax credits on April 30th. In the past two weeks we've seen 14 properties go under contract, in contrast with 20 in one week three weeks ago. On a positive note, I have found that in the last 6 months the average sales price in College Park has risen from $203,00 - $260,000. It sure is encouraging to see some of the higher priced listings move.

Our inventory has inched up a bit to 250 active residential listings for sale in College Park. There are some great new listings that have hit the market in the past few weeks, if you know anyone contemplating a purchase.

ACTIVE LISTINGS: 250
PENDING SALES: 78
CLOSED SALES: 4/5/2010 - 4/18/2010 (2 week period)


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.

Last week in the College Park market 20 homes went pending. The majority were listed under $150,000 (14), four between $150K - $208K and then one each in the high three and four hundred range. Seven were short sale duplexes all owned by the same person, so an investor must have snatched those up. We had 17 new listings last week, so our inventory remains pretty steady, with 246 active residential listings for sale in 32804.

Rates are finally over 5%, as was predicted. According to Bankrate.com, 69% of industry experts predict rates to continue to rise.

ACTIVE LISTINGS: 246
PENDING SALES: 87
CLOSED SALES: 3/30/2010 - 4/4/2010


VACANT LAND
ACTIVE: 30
PENDING: 1
SOLD (1/1/2010 - 3/30/2010): 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.