Singer Island, Florida – Now that the “high season” has come to an end and many of the snowbirds have headed back north, an analysis of the Regional Multiple Listing Service (RMLS) numbers shows that 191 condos were sold and closed on Singer Island within the past twelve months versus 176 units in the prior year. That’s a 9% increase in sales activity year-over-year. In addition, 51 units are currently “Contingent” or “Pending” to close which is about 23% of the current inventory, leaving just 167 available units on Singer Island.
I also found it interesting that the median closed price of a Singer Island condo over the past year was $390,000 which was up 15% from the median sales price of $340,000 in the prior twelve month period. Not bad, making a 15% return on your investment while enjoying the Florida sunshine with your feet in the sand, right?
Bottom line, there are still quality options possible on Singer Island, but availability is shrinking and prices are rising, so now is not the time to wait. Call Marotta Realty today at 561-847-5700 to learn more about Singer Island Condos.
Data: Regional Multiple Listing Service – 6/7/13.