Views Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale condo for sale

Ocean Summit Condos

Ocean Summit
Galt Ocean Mile Condos

Welcome to my April / May 2018 post on Ocean Summit Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Ocean Summit offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

 

Search Ocean Summit Condos for Sale

 

Currently there are 5 condos for sale here in Ocean Summit, and there have been 9 sales over the last 12 months

1 unit is a new listing and 1 unit is 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 both 1, 2 and 3 bedrooms units over the last 6 and 12 months!

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

Ocean Summit
Galt Ocean Mile – Key Statistics
Ocean Summit Condominium Apartments, Condominium complex in Fort Lauderdale, Florida
Address: 4010 Galt Ocean Dr, Fort Lauderdale, FL 33308

Condos for Sale

  • Prices from $259,000 – $439,800

Median Prices

  • Median List Price $315,000
     – 1 Bedroom 1 Bathroom Unit 
  • 9 Sales Last 12 Months
  • Median Sales Price $300,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $263.00
  • Sales to List Price 95%
  • Days on Market 78 Days
Pool area Ocean Summit Galt Ocean Mile condominium Fort Lauderdale
Pool area Ocean Summit Galt Ocean Mile condominium Fort Lauderdale

Ocean Summit
Condos for Sale

There are 5 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

This is up slightly from the 4 units for sale as in our last post for February 2018 / March 2018!

Our market analysis report for these 5 units is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $259,000
Max 2 / 2 1290 $439,500
Avg 1 / 1 1042 $327,480
Median 1 / 1 940 $315,000

We can see from this report that the average price for Fort Lauderdale condo for sale in Ocean Summit is $327,480 – this being for a 1 bedroom 1 bathroom unit!

We can also see that the median price for Fort Lauderdale condo for sale in Ocean Summit is $315,000 – this being for a 1 bedroom 1 bathroom unit!

In our last post the median price for a condo for sale in Ocean Summit was $352,000 – this being for a 2 bedroom 2 bathroom unit.

A useful gauge of pricing for Ocean Summit condos for sale is to review current list prices by bedroom – which we do below.

Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale
View of Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale from Galt Ocean Mile beach!

Median Prices
By Bedroom

Here is our market summary report for median prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 940 $315,000 $371.00
2 / 2 1290 $439,500 $369.00

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

  • 1 Bedroom Ocean Summit condos for sale  is $315,000 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $371.00 – In our last post the median price was$40,000 lower at $275,000 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $293.00
  • 2 Bedroom Ocean Summit condos for sale is $439,500 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a list price to square foot price of $369.00 – In our last post the median price was $84,500 lower at $355,000 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a list price to square foot price of $296.00
  • Currently there are no 3 Bedroom Ocean Summit condos for sale is  – However in our last post when 3 bedroom units were offered for sale the median price for 3 Bedroom units was $529,500 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $348.00

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

Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

View Galt Ocean Mile condo just listed for sale Ocean Summit - Unit 1616
View Galt Ocean Mile condo just listed for sale Ocean Summit – Unit 1616

Ocean Summit
New Listings

There has been 1 new listing of a Ocean Summit Galt Ocean Mile condo for sale over the last 30 days this up from our last post when there had been no new listings of condos for sale over the preceding 30 days!

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 1616 1 / 1 940 $294,900

We can see from this report that Unit 1616 a 1 bedroom Ocean Summit condo has been listing for sale for $294,900this 1 bedroom 1 bathroom 940 square foot unit has a list price to square foot price of $314.00

This Galt Ocean Mile condo for sale is totally updated and features: white marble floors, an updated kitchen with marble counter tops and modern bathrooms.

The unit impact windows throughout with large balcony and views of the ocean. 

Ocean Summit
Pending & Recent Sales

Here are the reports for pending sales and sales of condo over the last 6 months.

Ocean Summit
Pending Sales

There is currently just 1 unit pending sale here in Ocean Summit – this is the same number of units pending sale as in our last post.

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 612 2 / 2 1200 $355,000

We can see from this report that a 1 bedroom condo – Unit 612 listed for sale for $355,000 is now pending salethis 2 bedroom 2 bathroom 1200 square foot unit has a list price to square foot price of $296.00

This Galt Ocean Mile condo is a great corner stack with 2 full windows in dining area and nice ocean and city views.

The unit has a large open balcony and 18″ tile throughout.  The open kitchen is fully applianced, there is a washer/dryer in the unit as well as high impact windows & door!

View 2 bedroom Galt Ocean Mile condo sold Ocean Summit Fort Lauderdale
View 2 bedroom Galt Ocean Mile condo sold Ocean Summit Fort Lauderdale

Ocean Summit
Sales Last 6 Months

There have been just 1 x Fort Lauderdale oceanfront condo sold in Ocean Summit over the last 6 months – this sale was condo unit 916 a 1 bedroom unit which sold for $230,000 (see more on this sale below)

This is down from 3 condos sold in Ocean Summit over the preceding 6 months as in our last post for Feb / March 2018.

Ocean Summit
Sales Last 12 Months

There have been 9 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 12 months

The market analysis report for these 9 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 940 $230,000
Max 3 / 2 1520 $495,000
Avg 2 / 2 1171 $335,077
Median 2 / 2 1190 $300,000

We can see from this report that the average sales price for a condo sold in Ocean Summit over the last 12 months has been $335,077 – this being for a 2 bedroom 2 bathroom unit of 1171 square feet.

We can also see that that median price for a condo sold in Ocean Summit over the last 12 months has been $300,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet

Note:  the highest price paid for a unit sold at $495,000 – this being for a 3 bedroom condo!

Median Sales Prices
By Bedroom

Here is our market summary report showing median sales prices by bedroom for Ocean Summit Galt Ocean Mile condos sold over the last 12 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 940 $230,000 $245.00
2 / 2 1190 $322,200 $269.00
3 / 2 1520 $495,000 $326.00

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

  • 1 Bedroom Ocean Summit condos sold has been $230,000 – this being for a 2 bedroom 2 bathroom unit of 940 square feet with a sales price to square foot price of $245.00.
  • 2 Bedroom Ocean Summit condos sold has been $322,200 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a sales price to square foot price of $269.00.
  • 3 Bedroom Ocean Summit condos sold has been $495,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a sales price to square foot price of $326.00.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Ocean Summit condos sold over the last 12 months.

SP$/SqFt
Min $245.00
Max $349.00
Avg $286.00
Median $263.00

We can see from this report that the median price paid per square foot for a condo sold in this complex over the last 12 months has been $263.00 per square foot!

Also important to note is the highest square foot price paid at $349.00!

% Sales to List Price

An important real estate indicator is how much are buyers are paying for Ocean Summit Galt Ocean Mile condos for sale – 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 92%
Max 98%
Avg 95%
Median 95%

We can see from this report that BOTH the average and median sales price to list price for condos sold here in Ocean Summit  has been 95%

This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $300,000 – then based on MLS median sales data the condo could be expected to sell for 95% of that amount or $325,000.

Days on Market

Days on market for Ocean Summit Galt Ocean Mile condos for sale is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.

Here is the market analysis report for Days on Market based on Condo sales over the last 12 months.

DOM
Min 24
Max 184
Avg 98
Median 78

We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been just 78 days – or just under 11 weeks!

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

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Summit Galt Ocean Mile condos for sale are units set in a great complex set right on the beach here on Galt Mile in Fort Lauderdale.

Sales activity has really slowed over the last few months – well down from earlier posts late least year!

I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit

Kevin Wirth Realtor


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