There are 343 condos for resale on Singer Island; 13 condos are currently pending. Four condos sold within the past 7 days for an average sale price 67% of list price.
Rates for the 30-yr. fixed mortgage dropped below the 5% benchmark once again going from 5.05 percent to 4.97 percent. This time last year the 30-year average was 5.15 percent. The average 15-year fixed mortgage rate also decreased to 4.33 percent from 4.40 percent the previous week.
“30-year fixed mortgages fell below 5 percent to match levels seen two weeks ago and are helping to maintain affordable home-purchase conditions,” said Frank Nothaft, Freddie Mac vice president and chief economist. “In fact, monthly principal and interest mortgage payments for a typical family buying a median-priced home of $163,800 were just $709 in January, the lowest amount since February 1998, according to the National Association of Realtors®.. For first-time homebuyers, the fourth quarter of 2009 was the third most affordable quarter since 1981 behind the first and second quarter of 2009.