Singer Island Market Update – August 2013

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  With Labor Day and the summer behind us, we now prepare for the beginning of “Season”.  All of the housing reports are showing signs of improvement even with a small dip here and there.  Sales remain steady and inventories are becoming tighter throughout the Palm Beaches.  Here are the latest stats for condominium re-sales on Singer Island: There have …

Singer Island, Florida – Weekly Condo Update 10/02/09 – Condos for Sale

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There are 335 condos for resale on Singer Island; 13 condos are currently pending. Only one condo sold within the past 7 days; it sold for 79% of list price after being on the market for 409 days.  Rates dropped below 5 percent for the first time in four months with the 30-yr fixed mortgage at 4.94 down from 5.04%. The average …

Singer Island, Florida – Weekly Condo Update 09/25/09 – Condos for Sale

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There are 338 condos for resale on Singer Island; 14 condos are currently pending. No condos sold within the past 7 days.  Rates remained the same as week remaining near the record lows with the 30-yr fixed mortgage at 5.04%.  The average 15-year fixed mortgage rate decreased slightly to 4.46% from 4.47%. Applications for home loans surged nearly 13 percent over …

Weekly Condo Update 09/18/09 – Condos for Sale on Singer Island, Florida

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There are 334 condos for resale on Singer Island; 11 condos are currently pending. Only one condo sold within the past 7 days; it sold for 90% of list price after being on the market for 58 days.  Rates moved lower for a third straight week remaining near the record lows with the 30-yr fixed mortgage at 5.04% down from 5.07%. The average …

Weekly Condo Update 08/28/09 – Condos for sale on Singer Island, Florida

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There are 341 condos for resale on Singer Island; 7 condos are currently pending. Three condos sold within the past 7 days for 77%, 84% and 88% their original list price; being on the market for 141 days, 101 days and 141 days, respectively. Rates raised slightly this week with the 30-yr fixed mortgage at 5.14% up from 5.12%.  The average 15-year fixed mortgage rate also raised slightly to …

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 …

Weekly Condo Update 08/07/09 – Condos for Sale on Singer Island

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There are 340 condos for resale on Singer Island; 8 condos are currently pending. Two condos sold within the past 7 days for 71% and 90% their original list price; being on the market for 388 days and 109 days, respectively. Rates dipped this week on better than expected economic news.  The 30-yr fixed mortgage was 5.22% this week down slightly from 5.25%. Last year at …

Real Estate Market Trends in Palm Beach County – June 2009

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Trend reporting has its place keeping in mind that real estate is such a local business.  When trending covers a large area, like the nation, the averages have little meaning to the individual.  It this case the trend reports are for condos in Palm Beach County, Florida which narrows the results enough to give them some credibility.  The following graphs …

Weekly Condo Update: 6/19/09 – Condos for Sale on Singer Island, Florida

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There are 366 condos for resale on Singer Island; 15 condos are currently pending.  One condo sold within the past 7 days for 66% of its original list price after being on the market for close to a year.  Rates dropped slightly this past week. The 30-yr fixed mortgage was 5.38% this week down from 5.59%. The average 15-year fixed mortgage rate also fell from …

Weekly Condo Update: 6/12/09 – Condos for Sale on Singer Island, Florida

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There are 362 condos for resale on Singer Island; 13 condos are currently pending and no condos sold within the past 7 days. Rates jumped to the highist level in 7 months this past week.  The 30-yr fixed mortgage was 5.59% this week up from 5.29%. The average 15-year fixed mortgage rate also rose from 4.79% to 5.06%. Lock your rate in now.  …