View Caribe condos Lauderdale by the Sea for sale 4050 N Ocean Dr, Fort Lauderdale

Caribe Condos

Caribe Condos
Lauderdale by the Sea

Welcome to our February / March 2018 post on Caribe Condos Lauderdale by the Sea – Fort Lauderdale Florida.

Caribe is a direct oceanfront co-op set right on the beachfront here at the end of the famous Galt Ocean Mile

There are currently 4 x Caribe condos Lauderdale by the Sea for sale – one of which is a new listing!

There has been 2 closed sales over the last 6 months and 2 units are currently pending sale! 

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid for units over the last 6 months!

We also compare recent sales trends in Caribe – Important information for both buyers and sellers!

Caribe Condos
Lauderdale by the Sea – Key Statistics
Caribe Condominium complex in Lauderdale-by-the-Sea, Florida
Address: 4050 N Ocean Dr, Fort Lauderdale, FL 33308

  • Median List Price $181,950
     – for a 1 bedroom 1 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $184,750
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $280.00
  • Sales Price to List Price 95%
  • Days on Market 102 Days
View Caribe oceanfront condo Lauderdale by the Sea Fort Lauderdale
View Caribe oceanfront condo Lauderdale by the Sea Fort Lauderdale

Caribe Condos for Sale
Lauderdale by the Sea

Currently there are 4 x Caribe Condos Lauderdale by the Sea that are for sale – this is the same number of units for sale as in our last post for December 2017 / January 2018

Our market summary report for these 4 units for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 660 $175,900
Max 2 / 2 880 $375,000
Avg 1 / 1 715 $228,700
Median 1 / 1 660 $181,950

We can see from the market report that the median price for a Caribe condo for sale is $181,950 this being for a 1 bedroom 1 bathroom unit of 660 square feet

This is down from our last post when the median for a Caribe condo for sale was $189,000 – this being for a 1 bedroom 1 bathroom unit of 660 square feet

Caribe Condos for Sale
Prices by Bedroom

Here is our market summary report showing median prices for Caribe condos Lauderdale by the Sea by Bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 660 $179,000 $276.00
2 / 2 880 $375,000 $426.00

We can see from this report that the median price for:

1 Bedroom Caribe condos for sale is $179,000this being for a 1 bedroom 1 bathroom 600 square foot unit with a list price to square foot price of $276.00

2 Bedroom Caribe condos for sale is $375,000this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $426.00

View Caribe condos Lauderdale by the Sea just listed for sale - Unit 306
View Caribe condos Lauderdale by the Sea just listed for sale – Unit 306

Caribe Condos
New Listings

There has been 1 new listings of Caribe condos Lauderdale by the Sea over the last 30 days – a 1 bedroom unit.

 In our last post for December 2017 / January 2018 there was also 1 new listing – unit 1202 as 1 bedroom unit!

Our market analysis report for this new listing is presented below

CONDO BEDS / BATHS LA LP$
Unit 306 1 / 1 660 $175,900

We can see from this report that a 1 bedroom condo – Unit 306, has just been listed for sale for $175,900this 1 bedroom 1 bathroom 600 square foot unit has a list price to square foot price of $267.00

Unit 306 is situated at the East End of balcony with views of the ocean from front windows, and views all the way to the light house from the back windows!

The unit has built-ins for lots of storage


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

View Caribe condo Lauderdale by the Sea pending sale - Unit 1508
View Caribe condo Lauderdale by the Sea pending sale – Unit 1508

Caribe Condos
Pending Sales

There are currently 2 x Caribe condos Lauderdale by the Sea / Fort Lauderdale that are pending sale – In our last post there were no units pending sale.

Our market analysis report for these 2 units is presented below

 CONDO BEDS / BATHS LA LP$
Unit 1508 1 / 1 660 $192,000
Unit 706 1 / 1 660 $169,900
Median 1 / 1 660 $180,950

We can see from this report that:

Unit 1508 a 1 bedroom Caribe Condo listed for sale for $192,000 is now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $291.00

Unit 1508 offers wide open ocean views!

The unit has been freshly painted and features: a new refrigerator, new bath tile, impact glass doors and windows and a tile floor.

Unit 706 a 1 bedroom Caribe Condo listed for sale for $169,000 is also now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $257.00

Unit 706 offers Incredible direct ocean views and allows you to enjoy the sunrise from your condo on the sand.

This front to back unit has new carpet, quartz counter tops in kitchen & bath w/new sinks & faucets & recently painted. 

View Caribe 4050 North Ocean Drive Fort Lauderdale
Great night view of Caribe 4050 North Ocean Drive Fort Lauderdale Florida

Caribe  Condo Sales
Last 6 Months

There have been 2 sales of Caribe condos Lauderdale by the Sea over the last 6 Months – both 1 bedroom units!

In our last post for December 2017 / January 2018 there had been just  1 condos that had been sold over the preceding 6 months

In our prior post for October / November 2017 there were 4 condos that had been sold over the preceding 6 months

The market analysis report for these units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 660 $182,000
Max 1 / 1 660 $187,500
Avg 1 / 1 660 $184,750
Median 1 / 1 660 $184,750

We can also see from this report that the median sales price for a condo sold here in Caribe Lauderdale by the Sea over the last 6 months has been $184,750 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

In our last post the median sales price for a condo sold here in Caribe over the preceding 6 months was lower at $182,000 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

In our prior post the median sales price for a condo sold here in Caribe over the preceding 6 months was lower at $160,100 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Caribe condos Lauderdale by the Sea over the last 6 months.

SP$/SqFt
Min $276.00
Max $284.00
Avg $280.00
Median $280.00

We can see from this report that the sales price to square foot price was $280.00 per square foot – up from our last 2 posts!

In our last post the “median sales price” to square foot price was $276.00 and in our prior post the median was $243.00 per square foot!

Note the highest square foot price paid for a Caribe condo at $284.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Caribe – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

SP$/LP$
Min 94%
Max 96%
Avg 95%
Median 95%

We can see from this report that sales price to list price for Caribe condos sold over the last 6 months was 95% 

This means if a Fort Lauderdale condo for sale here in Caribe in Lauderdale by the Sea is listed at $200,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $190,000 – based on median MLS data!

Days on Market

Days on market for Caribe condos Lauderdale by the Sea is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this coop.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 95
Max 110
Avg 102
Median 102

We can see from this report that the average and median days on market at 102 days or just under 15 weeks!

This is up from our last post when the median days on market was 95 days – which in turn was up from our prior post when the median days on market was just 36 days!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

View Unit 405 recently sold Caribe Lauderdale by the Sea
Ocean views from Unit 405 recently sold in Caribe Lauderdale by the Sea

Caribe Condos
Recent Sales Itemized

Here is the data for Caribe condos Lauderdale by the Sea sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 405 1 / 1 660 $187,500
Unit 907 1 / 1 660 $182,000

We can see from this report that the highest sale over the last 6 months was for Unit 405 a 1 bedroom Caribe condo that sold for $187,500 – This 1 bedroom 1 bathroom 660 square foot unit had a sales price to square foot price of $284.00

Unit 405 sold for 94% of list price and had 110 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Caribe condos Lauderdale by the Sea are units in a great direct oceanfront coop here at the end of Galt Ocean Mile Fort Lauderdale.

We currently have a good range of condos for sale with 4 units for sale – including a 2 bedroom unit!

Sales activity has picked up over the last 6 months with 2 units sold and 2 units under contract and pending sale!

I hope you have enjoyed my Post on Caribe Condos Fort Lauderdale for Sale

Kevin Wirth Fort Lauderdale Realtor