View from one of the Ocean Club condos for sale Fort Lauderdale

Ocean Club Condos

Ocean Club Condos
Fort Lauderdale

Weclome to our December 2016 / January 2017 post on Ocean Club condos for sale Fort Lauderdale.

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

There are currently 10 condos for sale in the complex – of which 2 are new listings.

1 unit is currently pending sale and there have been 7 closed sales over the last 6 months

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!

Key Statistics for Buyers / Sellers
  • Prices from $199,000 to $949,900 
  • Median List Price $537,500
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $405,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $232.00
  • Sales to List Price 92%
  • Days on Market 183 Days
Terrace at an Ocean Club condo for sale here on Galt Ocean Mile in Fort Lauderdale
Terrace at an Ocean Club condo for sale here on Galt Ocean Mile in Fort Lauderdale

Ocean Club
Condos for Sale

Currently there are 10 x Galt Ocean Mile condos for sale here in Ocean Club  – this is up from 8 condos for sale as in our last post on Ocean Club Condos for Sale for October / November 2016

The market analysis report for Ocean Club Condos Fort Lauderdale is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 2,345 $949,900
Low 0 / 1 665 $199,000
Avg 2 / 2 1,721 $506,675
Med 2 / 2 1,907 $537,500


We can see from this report that the median price for a condo for sale here in Ocean Club is $537,500
 – this being for a 2 bedroom 2 bathroom unit.

It is important to note  that while median prices are up this month over last months – they are now back in line with median prices from earlier this year!

In our last post for October / November 2016 the median price for a condo for sale here in Ocean Club was $495,000 – this being for a 2 bedroom 2 bathroom unit.

In our prior post for May / June 2016 the median price for a condo for sale here in Ocean Club was $539,900 – this being for a 2 bedroom 2 bathroom unit.

Aerial view Ocean Club condominium Galt Ocean Mile Fort Lauderdale
Aerial view Ocean Club condominium Galt Ocean Mile Fort Lauderdale

Ocean Club
Prices by Bedroom

Here are the median prices by bedroom based on all units currently for sale.

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 665 $199,000 $299
1 / 1 1,201 $249,900 $208
2 / 2 1,907 $540,000 $294
3 / 2 2,345 $949,900 $405

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

  • Studio Ocean Club condos for sale is $199,000 – this being for a studio unit of 665 square feet with a list price to square foot price of $299.00.  In our last post the median for Studio Ocean Club condos for sale unit currently for sale was the same at $199,000 – this being for a studio unit of 665 square feet with a list price to square foot price of $299.00.
  • 1 Bedroom Ocean Club condos for sale is $249,900 – this being for a studio unit of 1,201 square feet with a list price to square foot price of $208.00.  In our last post the median for 1 bedroom Ocean Club condos for sale unit currently for sale was the same at $249,900 – this being for a studio unit of 1,106 square feet with a list price to square foot price of $208.00.
  • 2 Bedroom Ocean Club condos for sale is units currently for sale is $540,000 – this being for a 2 bedroom 2 bathroom unit of 1907 square feet with a list price to square foot price of $294.00 – In our last post the median for 2 bedroom Ocean Club condos for sale was $540,450 – this being for a 2 bedroom 2 bathroom unit of 1923 square feet with a list price to square foot price of $286.00
  • 3 Bedroom Ocean Club condos for sale is units currently for sale is $949,900 – this being for a 3 bedroom 2 bathroom unit of 2345 square feet with a list price to square foot price of $405.00 – In our last post there were no 3 bedroom units for sale!
View Fort Lauderdale oceanfront condo just listed for sale in Ocean Club
View Fort Lauderdale oceanfront condo just listed for sale in Ocean Club

Ocean Club
New Listings – Last 30 Days

There have been 2 new listings of Galt Ocean Mile condos for sale here in Ocean Club Fort Lauderdale over the last 30 days! 

This is up from 1 new listing as in our last post!

The market analysis report for these new listings is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,907 $559,000
Low 2 / 2 1,596 $535,000
Median 2 / 2 1,751 $547,000


We can see from this report that both the new listings are 2 bedroom units and that the median price for a new listing is $547,000
this being for a 2 bedroom 2 bathroom unit of 1751 square feet with a list price to square foot price of $314.00

The most expensive new listing is offered for sale for $559,000this being for a 2 bedroom 2 bathroom 1907 square foot unit with a list price to square foot price of $335.00

This Galt Ocean Mile condo for sale is a remodeled unit with an open kitchen with wood cabinetry, stainless steel appliances and granite counter-tops.   The unit features extra large bedrooms with walk-in closets.   There are tile and wood floors and floor to ceiling windows with incredible ocean and Intracoastal views.

The least expensive new listing is offered for sale for $535,000this being for a 2 bedroom 2 bathroom 1596 square foot unit with a list price to square foot price of $293.00

This Galt Ocean Mile condos for sale is a Penthouse unit.  You will love having the ocean and beach at your front door with a casual eloquent atmosphere.   The unit offers spectacular ocean and Intracoastal views.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

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View Fort Lauderdale condo pending sale in Ocean Club - Unit 1104
View Fort Lauderdale condo pending sale in Ocean Club – Unit 1104

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 1 Ocean Club condo condo pending sale  – the same number as in our last post!

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,725 $439,000 $275

We can see from this report that a 2 bedroom condo – Unit 1104 which was listed for sale for $439,000 is now pending sale – this unit is a 2 bedroom 2 bathroom unit of 1725 square feet with a list price to square foot price of $275.00.

This spacious unit has been totally redone and the kitchen has been opened up to living area.  The bathrooms are in top condition and unit has lots of closet space.

This condo has floor to ceiling windows throughout and offers views of the ocean and the Intracoastal!

This unit was also pending sale in our last post!

Ocean Club
Condo Sales – Last 6 Months

There have been 7 condos sold here in Ocean Club over the last 6 months – this is same number as in our last post!

The market analysis report for these units is presented below

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,089 $750,000
Low 2 / 2 1,514 $344,999
Avg 2 / 2 1,784 $460,114
Med 2 / 2 1,907 $405,000

We can see from this report that the average price for a unit sold in Ocean Club has been $460,114 and the median price is $405,000 – this being for a 2 bedroom 2 bathroom unit

This is the same as in our last post!

Ocean Club
Sales Prices by Bedroom

These are the median sales prices by bedroom based on all units sold over the last 6 months.

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,751 $399,400 $232
3 / 2 1,907 $750,000 $393


We can see from this report that the median sales prices for:

  • 2 Bedroom Ocean Club Units was $399,400 – this being for a 2 bedroom 2 bathroom 1751 square foot unit with a sales price to square foot price of $232.00.  
  • 3 Bedroom Ocean Club Units was $750,000 – this being for a 3 bedroom 2 bathroom unit of 1907 square feet with a sales price to square foot price of $393.00. 

Sales Price to
Square Foot Price

A very 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 the last 6 months is presented below.

 $$ SP$/SqFt
High $393
Low $212
Avg $259
Med $232


We can see from this report that the median price paid per square foot for a condo sold over the last 6 months has been $232.00

% Sales to List Price

Another important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Ocean Club – 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$/LP$
Avg 101%
Med 92%


We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  has been 92% 

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 92% of that amount or $368,000.

Days on Market

Days on market for Condos for Sale in Ocean Club is an 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.

 $$ Days on Market
Avg 165
Med 183

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Ocean Club is 165 days

Again however it is very important to note the  median days on market at 183 days – well up from 100 day in our last post – which in turn was well up from 57 days in our prior post!

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 data for each of the condos sold over the last 6 months here in Ocean Club

Condo  Beds/Baths SF/FF Sale Price
Unit1006 3 / 2 1,907 $750,000
Unit 106 2 / 2 1,907 $532,000
Unit 206 2 / 2 2,089 $443,000
Unit 708 2 / 2 1,907 $405,000
Unit1205 2 / 2 1,571 $393,800
Unit 403 2 / 2 1,596 $344,999
Unit1505 2 / 2 1,514 $352,000

 
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 1006 a 3 bedroom condo which sold for $720,000

Unit 1006 was a 3 bedroom 2 bathroom 1907 square foot unit and sold for $393.00 per square foot.

This condo had 279 days on market – just over 9 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Club is a great complex set right on the sand here on our famous Galt Ocean Mile and currently we have a great range of direct oceanfront condos for sale with 10 units for sale!

As I outlined in my last post we have seen strong sales over the last 6 months here in Ocean Club.

This has especially been the case for sales of 2 bedroom units.  

In fact 6 of the 7 recent sales over the last 6 months were for 2 bedroom units!

Ocean Club prices for 1 and 2 bedroom units still offer real value for condos set right here on Galt Ocean Mile.

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