There are 338 condos for resale on Singer Island; 7 condos are currently pending. Two condos sold within the past 7 days for 58% and 94% their original list price; being on the market for 624 days and 64 days, respectively.
Rates rose this week after dropping for three straight weeks. The 30-yr fixed mortgage was 5.20% this week up from 5.14%. The average 15-year fixed mortgage rate rose to 4.68% from 4.63%.
According to mortgage experts polled by Bankrate.com, 46 percent expect mortgage rates to remain unchanged over the next 30 to 45 days; whereas the remaining experts are everly split between the rates increasing (27 percent) and decreasing (27 percent).
For more information on specific condominium sales activity contact Jeannie at 561-889-6734 or email her at [email protected]