Condo sales Indian River county-wide were level with last month and up 12% over October 2010. Year-to-date condo sales are 12% ahead of last year. On the mainland the prices seem to be firming up a little as there were only 8 sales under $50,000 compared to 11 last month. There was only 1 sale in Vista Royale/VistaGardens, a 1 bedroom unit for $25,000. Other low-end sales were $8,500 for a manufactured home and $19,900 for one in Sutton Place. At the high end there were 2 nice riverfront 3 bedroom 2 bath condos inHarborVillage at Grand Harbor that sold for $442,000 and $500,000.
Of the 308 condos for sale on the mainland, 58 are in Vista Royale/VistaGardens. Current asking prices range from $25,000 for a 1 bedroom unit to $75,000 for a very nice 2 bedroom unit. The real bargains may be gone. In the past year there have been 12 units that sold for under $25,000.
Inventory increased to 726 units for sale from 720 the previous month a 14 month supply at current absorption rates.
