A new methodology, based on the central limit theorem, is applied to describe the statistical mechanics of two-dimensional point vortex motion in a bounded container D, as the number of vortices N tends to infinity. The key to the approach is the identification of the normal modes of the system with the eigenfunction solutions of the so-called hydro- The pdf of the leading vorticity projection is of particular interest because it has a unimodal distribution at low energy and a bimodal distribution at high energy. This behaviour is indicative of a phase transition, known as Onsager-Kraichnan condensation in the literature, between low energy states with no mean flow in the domain and high energy states with a coherent mean flow. The critical temperature for the phase transition, which depends on the shape but not the size of D, and the associated critical energy are found. Finally the accuracy and the extent of the validity of the theory, at finite N , are explored using a Markov chain phase-space sampling method.