Weekly Condo Update 06/26/09 – Condos for Sale on Singer Island, Florida

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There are 359 condos for resale on Singer Island; 13 condos are currently pending. Two condos sold within the past 7 days for 86%  and 63% of their original list price after being on the market for 125 and 487 days, repectively.

Rates rose slightly this past week. The 30-yr fixed mortgage was 5.42% this week up from 5.38%. The average 15-year fixed mortgage rate fell to 4.87% from 4.89%.

According to mortgage experts polled by Bankrate.com, 53% predict that mortgage rates will fall over the next 35 to 45 days, only 27 percent see no change and the remaining 20% expect an increase.

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

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