Singer Island, Florida – Weekly Market Update 03/12/10 – Condos for Sale

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Oasis Singer Island

Oasis Singer Island - "Where Lifestyle Matters"

There are 348 condos for resale on Singer Island; 11 condos are currently pending. Three condos sold within the past 7 days for an average sale price 90% of list price, being on the market for an average of 144 days.

Rates for the 30-yr. fixed mortgage remained below the 5% benchmark going from 4.97 percent to 4.95 percent. This time last year the 30-year average was 5.03 percent. The average 15-year fixed mortgage rate also decreased slightly to 4.32 percent from 4.33 percent the previous week.

Fifty-seven percent of the industry experts polled by forsee an increase in rates over the next 30 to 45 days, where 43 percent expect rates will remain relatively unchanged. There was no one expecting a rate drop.

  For more information on specific condominium sales activity contact Jeannie at 561-889-6734 or email her at [email protected]






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