Condo sales on the island in Vero Beach Florida were up 33% from the previous month and were up 50% from October 2010. Year-to-date condo sales on the island are up 15% over last year. The highest sale this month was $635,000 for an ocean view condo in the Chelsea Condo subdivision–again a slow month for high priced condo sales. At the lower end, two sold for under $100,000, one in Del Mar for $96,000 and $50,000 for one in Royal Riviera. We expect a good selling season forIsland condos this winter, especially at the mid and high end as inquires are increasing, and the weather has already shown previews of a stormy winter in the North East.
Inventory of condos on the island went down minimally from 358 units last month to 352 units in October.
