Condo sales county-wide were up 40% from last month and up 63% from August 2010. Year-to-date condo sales are 12.5% ahead of last year. Inventory was reduced by 7%, but there still is a 19.3 month of condos for sale county wide. Again condos have the highest inventory and are slowest moving because they more often tend to be second homes. On the mainland there were 8 sales under $50,000, 6 of these were in Vista Royale/Vista Gardens, including 2 one bedroom units for $22 and $23,000. Both were in decent shape. The other 2 that sold for under 50k were in East Gate and Villamar. The highest sales were at The Inlet at Sebastian for $200 and $212,000. Palm Estates had 4 closings this month and the Fairways at Grand Harbor had 3 closings.
