Condo sales on the island were up double the previous month and were also double the sales in August 2010. Year-to-date condo sales on the island are up 20% over last year. The highest sale this month was $634,500 for a 3 bedroom unit in Johns Island, then fell to $375,000 for a riverfront condo in the Moorings. At the low end, 2 units sold in Vista Del Mar for $75,000 and $89,000. In our opinion the deal of the month was a unit in the Vero Beach Hotel and Club that sold for $165,000. Current inventory of condominium units for sale on the island is 333, which is down from last month, and there a 20.1 month supply of condos available on the Island. Condos are the slowest moving category, however, because they are most likely to be a second home.
