House sales on the island were still higher than usual for this time of year, but only by a little. Sales increased 9.5% from the previous month and were up 5% over June 2010. Year-to-date single family home sales on the island have increased 54% over last year. At the low end there were homes that sold for under $300,000 in central beach, and 2 in Summerplace on the West side of A1A. One sold in Seagrove West that needed rehabilitation for $269,700. At the high end there were 7 homes selling for over $1 million. The high sales were a 5500+ sqft oceanfront home on Corona that sold for $4.8 million and a 6500+ sqft riverfront home in Seagrove that went for $1,650,000.The other million dollar homes were 3 in Riomar Bay and 1 each in Orchid Island and the Estuary.
Island house inventory decreased 2% with 503 homes currently for sale, a 16.3 month supply.
