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.