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House Prices Fall, Sales Double in North College Park

Home sales nearly doubled between 2009 and 2010, the market has come to life again, but prices have fallen in North College Park.

Mark Shorder, former council member and North College Park Civic Association president disclosed these figures in this month’s NCPCA meeting. 

According to the statistics, number of house sales have gone up from 29 in 2009 to 57 in 2010, whereas average prices have per square foot have fallen from $219 to $188 during this period.

Because every house is different from every other, the number the prices in the report are divided by the square feet in the home.  By this measure, house prices in North College Park fell 14 percent from 2009 to 2010.

Please see a detailed breakdown of the sales figures across the different regions here. Most dramatic changes in the statistics can be seen in the Sunnyside are, where sales exploded (from 1 to 8), but prices fell by 32%.

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