View Ocean Club Galt Ocean Mile condos for sale 4020 Galt Ocean Drive Fort Lauderdale FL

Ocean Club Condos

Ocean Club
Galt Ocean Mile Condos

Welcome to our February / March 2018 post on Ocean Club Galt Ocean Mile Condos for Sale

Fort Lauderdale condos for sale here in Ocean Club are set right on the sand on the famous Galt Ocean Mile beach.

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There are currently 5 condos for sale in the complex

There have been 5 closed sales over the last 6 months and 2 units are 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 in Ocean Club – Important information for both buyers and sellers!

Ocean Club Condos
4020 Galt Ocean Drive – Key Statistics

Here are some key statistics for Ocean Club Condos 4020 Galt Ocean Drive – Statistics useful to both Buyers and Sellers!

  • Prices from $279,900 to $568,900 
  • Median List Price $495,000
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Median Sales Prices $457,500
     – 2 Bedroom 2 Bathroom Unit 
  • Sales Price to Sq Ft Price $282.00
  • Sales to List Price 94%
  • Days on Market 182 Days
View Ocean Club 4020 Galt Ocean Drive Fort Lauderdale
Beach view from Ocean Club 4020 Galt Ocean Drive Fort Lauderdale

Ocean Club
Condos for Sale

Currently there are 5 x Ocean Club Galt Ocean Mile condos for sale here in Fort Lauderdale Florida

It is important to note that this is down from 10 x Ocean Club condos for sale as in our post for December 2017 / January 2018 which in turn was down from 12 x Ocean Club Condos for sale as per our last post for October / November 2017

The market analysis report for the 5 x Ocean Club Condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1200 $279,900
Max 3 / 2 1907 $568,900
Avg 2 / 2 1703 $460,760
Median 2 / 2 1907 $495,000

We can see from this report that the median price for a condo for sale here in Ocean Club is $495,900 – this being for a 2 bedroom 2 bathroom unit.

In our last post for December 2017 / January 2018 the median price for a condo for sale here in Ocean Club was lower at $461,950 – this being for a 2 bedroom 2 bathroom unit.

It is important to note that median prices Ocean Club Galt Ocean Mile condos are back on the rise – after having been soft for much of last year!

Aerial view Ocean Club condominium Galt Ocean Mile Fort Lauderdale
Aerial view Ocean Club Condos 4020 Galt Ocean Drive on Galt Ocean Mile

Ocean Club Condos
Prices by Bedroom

Here are the median prices by bedroom for all Ocean Club Galt Ocean Mile condos for sale!

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1200 $279,900 $233.00
2 / 2 1907 $495,000 $262.00
3 / 2 1907 $568,900 $298.00

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

  • 1 Bedroom Ocean Club condos for sale is $279,900 – this being for a 1 bedroom unit of 1,200 square feet with a list price to square foot price of $233.00.  In our last post the median for 1 bedroom Ocean Club condos for sale unit currently for sale was the same at $279,900 – this being for a 1 bedroom unit of 1,200 square feet with a list price to square foot price of $233.00.
  • 2 Bedroom Ocean Club condos for sale is units currently for sale is $495,000 – this being for a 2 bedroom 2 bathroom unit of 1907 square feet with a list price to square foot price of $262.00 – In our last post the median for 2 bedroom Ocean Club condos for sale was lower at $485,000 – this being for a smaller 2 bedroom 2 bathroom unit of 1624 square feet with a list price to square foot price of $275.00
  • 3 Bedroom Ocean Club condos for sale is units currently for sale is $568,900 – this being for a 3 bedroom 2 bathroom unit of 1907 square feet with a list price to square foot price of $298.00 – In our last post the median was $758,950 – this being for a 3 bedroom 2 bathroom unit of 2126 square feet with a list price to square foot price of $352.00

Ocean Club
New Listings – Last 30 Days

There has been no new listings of Ocean Club Galt Ocean Mile condos for sale over the last 30 days 

In our last post there was 1 new listing – Condo 1612 a 3 bedroom unit!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist

954-459-0337

Email: kevinsellsmore@gmail.com

Click here to email me now

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View Ocean Club Galt Ocean Mile condo pending sale - Unit 1105
View Ocean Club Galt Ocean Mile condo pending sale – Unit 1105

Ocean Club Condos
Recent & Pending Sales

In this section of the post we look at Ocean Club’s pending sales and sales over the last 6 months.

Ocean Club
Pending Condo Sales

There are currently 2 x Ocean Club condos under contract and pending sale – Both of these 2 bedroom units!

In our last post there was 1 x Ocean Club condos pending sale – Unit 605 a 2 bedroom unit!

Our market analysis report for these units is presented below

CONDO BEDS / BATHS LA LP$
Unit 1105 2 / 2 1514 $379,900
Unit 507 2 / 2 1356 $320,000
Median 2 / 2 1435 $349,950

We can see from this report that:

Unit 1105 a 2 bedroom unit listed for $379,900 is now pending salethis 2 bedroom 2 bathroom 1514 square foot unit has a list price to square foot price of $251.00

Unit 1105 is a lovely 2 bedroom + DEN split floor plan condo. The unit has a private washer and dryer, updated guest bath, walk in closets and a long roomy balcony with an awesome ocean view. 

Unit 507 a 2 bedroom unit listed for $349,950 is now pending salethis 2 bedroom 2 bathroom 1435 square foot unit has a list price to square foot price of $236.00

Unit 507 allows you to enjoy morning coffee or an afternoon beverage looking at the ocean as the unit faces North!

View Galt Ocean Mile condo recently sold Ocean Club - Unit 1212
View Galt Ocean Mile condo recently sold Ocean Club – Unit 1212

Ocean Club
Condo Sales – Last 6 Months

There have been 5 Ocean Club Galt Ocean Mile condos sold over the last 6 months!

It is important to note that this is well up from the 2 sales over the preceding 6 months as in our last post for December 2017 / January 2018 and the 2 sales reported as in our prior post for October / November 2017

The market analysis report for these 5 units is presented below

BEDS / BATHS LA SP$
Min 2 / 2 1514 $315,000
Max 3 / 2 2345 $880,000
Avg 2 / 2 1744 $511,570
Median 2 / 2 1624 $457,500

We can see from this report that the median price for a unit sold in Ocean Club has been $457,500 this being for a 2 bedroom 2 bathroom unit of 1624 square feet.

In our last post the median price for a unit sold in Ocean Club was higher at $597,500 – this being for a larger 2 bedroom 2 bathroom unit of 1970 square feet.

Ocean Club Condos
Sales Prices by Bedroom

Here are the median sales prices by bedroom for all Ocean Club Galt Ocean Mile condos sold over the last 6 months!

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1610 $393,926 $250.00
3 / 2 2345 $880,000 $375.00

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

  • 2 Bedroom Ocean Club condos sold over the last 6 months has been $393,926 – this being for a 2 bedroom 2 bathroom unit of 1610 square feet with a sales price to square foot price of $250.00
  • 3 Bedroom Ocean Club condos sold over the last 6 months has been $880,000 – this being for a 3 bedroom 2 bathroom unit of 2345 square feet with a sales price to square foot price of $375.00

Sales Price to
Square Foot Price

An important factor in looking a sales of Fort Lauderdale condos here in Ocean Club is the sales price to square foot price paid for condos.

Our market summary report for sales over the last 6 months is presented below.

SP$/SqFt
Min $197.00
Max $375.00
Avg $284.00
Median $282.00

We can see from this report that median price paid over the last 6 months has been $282.00 per square foot – down from $286.00 in our last post!

It is also important to note that highest square foot price paid at $375.00 per square foot!

% Sales to List Price

Another important real estate indicators that is important to note is how much  buyers are paying for Ocean Club Condos 4020 Galt Ocean Drive – 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 88%
Max 98%
Avg 93%
Median 94%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  over the last 6 months has been 94%

This means if a Fort Lauderdale condo for sale here in Ocean Club is listed at $400,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $376,000.

It is important to note that this is well down from 97% in our last post!

Days on Market

Days on market for Condos for Sale in Ocean Club is another important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex.

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

DOM
Min 99
Max 282
Avg 178
Median 182

We can see from this report that median days on market is 182 days or just over 6 months!

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

Ocean Club
Condo Sales Itemized

Here is the sales data for Ocean Club Condos 4020 Galt Ocean Drive – based on condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 1212 3 / 2 2345 $880,000
Unit 211 2 / 2 1645 $575,000
Unit 1803 2 / 2 1624 $457,500
Unit 605 2 / 2 1514 $330,353
Unit 303 2 / 2 1596 $315,000

We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 1212 a 3 bedroom condo which sold for $880,000

Unit 1212 was a 3 bedroom 2 bathroom 2345 square foot unit and sold for $375.00 per square foot.

This condo sold for 98% if list price and had 182 days on market – just over 6 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Club Galt Ocean Mile Condos are units in a great complex set right on the sand here on our famous Galt Mile!

Currently we have 5 units for sale!

We have had strong sales over the last few months with 5 units sold and 2 units now pending sale.

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale in Ocean Club – by Kevin Wirth Realtor.