Weekly Condo Update 08/14/09 – Condos for Sale on Singer Island, Florida

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There are 339 condos for resale on Singer Island; 11 condos are currently pending. Only one condo sold within the past 7 days for 52% its original list price; being on the market for 607 days. Rates rose this week with the 30-yr fixed mortgage at 5.29% compared to 5.22% last week.  Last year at this time, the 30-yr mortgages averaged 6.52 percent. The average 15-year fixed mortgage rose …