Weekly Condo Update: 5/22/09 – Condos for Sale on Singer Island, Florida

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There are 370 condos for resale on Singer Island (6 new listings came on the market over this past week); 8 condos are currently pending and 3 condos sold within the past 7 days. The condos that sold closed for 80-90% of list price. Rates on 30-year mortgages fell this week from 4.86% to a 4.82% average.  Rates have been below 5% for 10 consecutive weeks.  The average …