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.