Weekly Condo Update 07/24/09 – Condos for Sale on Singer Island Florida

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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]

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