Inventory is ticking back up as we approach the typical mid-late summer slow down. Of the 99 properties listed for sale, only 6 are short sales or bank owned. Good news for buyers as "regular" sales are much easier to deal with.

College Park is still a hot zip code with the following sales selling on average at 97% of list price. Over half sold for at or above list price. 

Average rates on a 30 year conventional mortgage are averaging 4.52%, up from 4.40% last week.

 
ACTIVE LISTINGS: 99
PENDING SALES: 65  

CLOSED SALES: 6/21/2013 - 7/12/2013

  

VACANT LAND  

ACTIVE: 14 
PENDING: 2 
SOLD: 1/1/2013 - 6/21/2013  
0 Smith St - $79,900
566 Par St - $89,000
560 Par St - $99,000
719 Guernsey St - $139,000
911 Golfview St - $175,000
1009 Stetson St - $175,000
 
The above numbers for College Park Update come from single family homes, condos and land listed in the MLS in the 32804 zip code.

Average rates on a 30 year conventional mortgage dipped for the first time in seven weeks to 3.93%. Rates are expected to rise next week. Click here for the complete story from the Florida Association of Realtors.

Inventory remains very low in College Park sparking bidding wars on the most desirable properties.

 
ACTIVE LISTINGS: 85
PENDING SALES: 65  

CLOSED SALES: 6/7/2013 - 6/21/2013

VACANT LAND  
ACTIVE: 14 
PENDING: 2 
SOLD: 1/1/2013 - 6/21/2013  
0 Smith St - $79,900
566 Par St - $89,000
560 Par St - $99,000
719 Guernsey St - $139,000
911 Golfview St - $175,000
1009 Stetson St - $175,000
 
The above numbers for College Park Update come from single family homes, condos and land listed in the MLS in the 32804 zip code.

Last week 9 properties went under contract. Four were priced between $100-$200k, three between $200-$300k, one for just over $300,000 and one for $525,000.

One thing to note about the houses that sold last week...The ones that were priced right out of the gate were under contract in 6 days, 5 days, 7 days, etc. Only three of the SOLDS below were on the market more than 12 days. I am personally seeing that more than ever with my listings. Luckily I have clients who are taking the advice of pricing right from the start and they are getting what they are asking or more. Another great reason to price your property properly is the fact that appraisal issues are less likely to come up.

Average rates on a 30 year conventional loan remain steady at an average of 3.53%.
 
ACTIVE LISTINGS: 102
PENDING SALES: 70  

CLOSED SALES: 3/6/2013 -3/13/2013

VACANT LAND  
ACTIVE: 17 
PENDING: 3 
SOLD: 1/1/2012 - 12/31/2012   
175 Fairview Shores Drive: $22,000
1422 Vassar Street: $86,000
 1312 Westmoreland Drive: $87,000
1141 Princeton Street: $95,000
15 Harvard Street: $105,000
1212 Westmoreland Drive: $120,000
534 Yale Street: $168,000
733 Clifford Drive: $175,000
1004 Vassar Street: $185,000
426 Hazel Street: $202,222
 
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 15 properties went under contract. The majority were priced between $200,000 - $400,000, one was under $100,000 and one for $819,000.

Average rates on a 30 year conventional loan hung at 3.53% last week. Still not far from the lowest on record since 1971, 3.31% back in November. According to bankrate.com, 54% of industry experts expect steady rates over the short term, yet 31% expect to see an increase. Only 15% expect a decline.
 
ACTIVE LISTINGS: 97
PENDING SALES: 72  

CLOSED SALES: 2/28/2013 -3/5/2013

VACANT LAND  
ACTIVE: 17 
PENDING: 3 
SOLD: 1/1/2012 - 12/31/2012   
175 Fairview Shores Drive: $22,000
1422 Vassar Street: $86,000
 1312 Westmoreland Drive: $87,000
1141 Princeton Street: $95,000
15 Harvard Street: $105,000
1212 Westmoreland Drive: $120,000
534 Yale Street: $168,000
733 Clifford Drive: $175,000
1004 Vassar Street: $185,000
426 Hazel Street: $202,222
 
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 has been hot for about a year now and continues to be strong. Last month I listed a house at 4:00 on a Sunday afternoon and by 2:00 the next day had secured a qualified buyer who offered over list price. This was a typical "College Park Cutie" so it went fast. We are still seeing the houses that are in good condition and priced right going quickly.

Investors are also snatching up fixer-uppers in record time, adding to the frustration that first-time home buyers are having entering the market.

Average rates on a 30 year conventional loan inched up for the first time in a very long time to 3.56%. Still ridiculously low, however, as the economy improves rates will continue to rise. 
 
ACTIVE LISTINGS: 105 
PENDING SALES: 79   
CLOSED SALES: 2/13/2013 -2/27/2013

VACANT LAND  
ACTIVE: 17 
PENDING: 3 
SOLD: 1/1/2012 - 12/31/2012   
175 Fairview Shores Drive: $22,000
1422 Vassar Street: $86,000
 1312 Westmoreland Drive: $87,000
1141 Princeton Street: $95,000
15 Harvard Street: $105,000
1212 Westmoreland Drive: $120,000
534 Yale Street: $168,000
733 Clifford Drive: $175,000
1004 Vassar Street: $185,000
426 Hazel Street: $202,222
 
The above numbers for College Park Update come from single family homes, condos and land listed in the MLS in the 32804 zip code.