View Ocean Summit condos Fort Lauderdale sold in 2017

Ocean Summit Condos Fort Lauderdale 2017 Sales

Welcome to our review of 2017 sales for Ocean Summit condos Fort Lauderdale – here on our famous Galt Ocean Mile.

In 2017 there were 11 x Ocean Summit Fort Lauderdale condos sold – This is the same number as sold in 2016!

Ocean Summit Condos
2017 Sales

Here is our market analysis report for sales of Ocean Summit Condos Fort Lauderdale in 2017

BEDS / BATHS LA SP$
Min 1 / 1 850 $230,000
Max 3 / 2 1520 $495,000
Avg 2 / 2 1142 $331,427
Median 2 / 2 1190 $300,000

We can see from this report that the average price for Ocean Summit condos sold in 2017 was $331,427this being for a 2 bedroom 2 bathroom unit of 1142 square feet.  

In 2016 the average price for Ocean Summit condos sold was higher at $337,227 – this being for a 2 bedroom 2 bathroom unit of 1061 square feet

We can also see from this report that the median price for Ocean Summit condos sold in 2017 was $300,000this being for a 2 bedroom 2 bathroom unit of 1190 square feet.  

In 2016 the median price for Ocean Summit condos sold was $30,000 higher at $330,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet.  

Important to note is that:

  • the median sales price to list price was 95% – which was down from 97% in 2016! 
  • the median days on market was 78 days or just over 11 weeks – which was down from 135 days in 2016 – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!
View from one of the Ocean Summit condos Fort Lauderdale sold in 2017
View from one of the Ocean Summit condos Fort Lauderdale sold in 2017

Ocean Summit Condos
2017 Prices by Bedroom

Here is a pricing guide based on all median sales prices for Galt Ocean Mile condos sold in Ocean Summit in 2017.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 940 $242,500 $250.00
2 / 2 1195 $348,600 $291.00
3 / 2 1520 $495,000 $326.00

We can see from this report that in 2017:

Ocean Summit 1 Bedroom units had a median sales price of $242,500 – this being for a 1 bed/1 bath unit of 940 square feet with a list price to square foot price of $250.00 – In 2016 the median sales price for Ocean Summit 1 Bedroom units was $23,000 higher at $265,500 – this being for a 1 bed/1 bath unit of 860 square feet with a list price to square foot price of $302.00

Ocean Summit 2 Bedroom units had a median sales price of $348,600 – this being for a 2 bed/2 bath unit of 1195 square feet with a list price to square foot price of $291.00.  In 2016 the median sales price for Ocean Summit 2 Bedroom units was just over $8,000 less at $340,000 for a 2 bed/2 bath unit of 1190 square feet with a list price to square foot price of $299.00

Ocean Summit 3 Bedroom units had a median sales price of $495,000 – this being for a 3 bed/2 bath unit of 1520 square feet with a list price to square foot price of $326.00.  In 2016 the median sales price for Ocean Summit 3 Bedroom units was $10,000 less at $485,000 for a 3 bed/2 bath unit of 1625 square feet with a list price to square foot price of $319.00.

View Ocean Summit condominium Galt Ocean Mile Fort Lauderdale
View Ocean Summit condominium Galt Ocean Mile Fort Lauderdale

Ocean Summit
1 Bedroom Condos

In 2017 there were 4 x 1 bedroom units sold here in Ocean Summit – In 2016 there were 3 x 1 bedroom units sold here in Ocean Summit.

Our market analysis report for these 4 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 850 $230,000
Max 1 / 1 940 $290,000
Avg 1 / 1 910 $251,250
Median 1 / 1 940 $242,500

We can see from this report that the average price for a 1 bedroom unit sold here in Ocean Summit in 2017 was $251,250 – this being for a 1 bedroom 1 bathroom unit of 910 square feet with a sales price to square foot price of $263.00

We can also see that the median sales price for a 1 bedroom condo unit sold in 2017 was $242,500 – this being for a unit of 940 square feet with a sales price to square foot price of $250.00

Important to note is that range of prices for 1 bedroom condo sales – which range from a low of $230,000 to a high of $290,000.

Also important to note is that:

  • the median sales price to list price was 96% 
  • the median days on market was 64 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit
2 Bedroom Condos

In 2017 there were 6 x 2 bedroom units sold here in Ocean Summit.  In 2016 there were 7 x 2 bedroom units sold here in Ocean Summit.

Our market analysis report for these units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1100 $283,500
Max 2 / 2 1290 $450,000
Avg 2 / 2 1195 $357,616
Median 2 / 2 1195 $348,600

We can see from this report that the average price for a 2 bedroom unit sold here in Ocean Summit in 2017 was $357,616 – this being for a 2 bedroom 2 bathroom unit of 1195 square feet with a sales price to square foot price of $298.00


We can see from this report that the median price for a 2 bedroom unit sold here in Ocean Summit in 2017 was $348,600 – 
this being for a 2 bedroom 2 bathroom unit of 1,195 square feet with a sales price to square foot price of $291.00

Important to note is that range of prices for 2 bedroom condo sales – which range from a low of $283,500 to a high of $450,000.

Also important to note is that:

  • the median sales price to list price was 95% 
  • the median days on market was 130 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit
3 Bedroom Condos

In 2017 there was just 1 x 3 bedroom unit sold here in Ocean Summit.  In 2016 there was also just 1 x 3 bedroom unit sold here in Ocean Summit.

Our market analysis report for this unit is presented below.

BEDS / BATHS LA SP$ SP$/SqFt
3 / 2 1520 $495,000 $326.00

We can see from this report that the sales price for the 3 bedroom unit sold here in Ocean Summit in 2017 was $495,000 – this being for a 3 bedroom 2 bathroom unit of 1,520 square feet with a sales price to square foot price of $326.00

Also important to note is that:

  • the sales price to list price was 93% 
  • the days on market was just 45 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit Condos
Fort Lauderdale 2017 Sales

Here is our sales summary showing the data for all Ocean Summit condos Fort Lauderdale sold in 2017 – by unit.

CONDO BEDS / BATHS LA SP$
Unit 1503 3 / 2 1520 $495,000
Unit 1706 2 / 2 1290 $450,000
Unit 305 2 / 2 1190 $415,000
Unit 1710 2 / 2 1200 $375,000
Unit 614 2 / 2 1200 $322,200
Unit 412 2 / 2 1190 $300,000
Unit 907 1 / 1 870 $290,000
Unit 202 2 / 2 1100 $283,500
Unit 715 1 / 1 850 $250,000
Unit 416 1 / 1 940 $235,000
Unit 1516 1 / 1 940 $230,000

We can see from this summary report the details for each unit sold in Ocean Summit – including unit number, bedrooms/bathrooms, unit size and final sales price.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

I hope you have enjoyed this post on sales for Ocean Summit condos Fort Lauderdale in 2017

Kevin Wirth – Realtor
954-459-0337