Weekly Condo Update – 5/1/09: Condo sales on Singer Island, FL

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There are 379 condos for resale on Singer Island (4 new listings came on the market over this past week); 6 condos are currently pending and 4 condos sold within the past 7 days. The sold condos closed for 81% to 91% of list price.

Rates on 30-year mortgages tied the record low trending downward from 4.80% to 4.78%, the record low that occurred on April 2nd.  Last year at this time the 30-year fixed mortgage rate was 6.06%.  The 15-year fixed mortgage remained unchanged for the 3rd week at 4.48%.

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

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