House sales county-wide were up 40% compared to the previous month and up 18% compared to August 2010. Inventory also decreased by 2.5%. In this category sales were influenced by the number of families moving in to the area. Year-to-date sales were up 16%.
On the mainland, there was only one house that sold for under $30,000 which was a bank owned fixer-upper in Vero Lake Estates. There were 71 houses that sold for under $100,000, which was up from previous months. The highest sales on the mainland were a 4500+ sq ft house on 5 acres that sold for $865,000 and a 3500+ sq ft house on 10 acres that sold for $645,000. Inventory of houses on the mainland continue to drop at a faster rate than the overall county figures. There is a 10.1 month supply of houses for sale on the mainland. This is just another indication that the lower and more moderately prices houses are in demand.
