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 5.06% to 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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