View Ocean Summit Galt Ocean Mile condos for sale 4010 Galt Ocean Dr, Fort Lauderdale

Ocean Summit Condos

Ocean Summit
Galt Ocean Mile Condos

Welcome to my February / March 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 4 condos for sale here in Ocean Summit, and there have been 3 sales over the last 6 months – all 2 bedroom units!

I 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 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 $275,000 – $449,500

Median Prices

  • Median List Price $352,000
     – 2 Bedroom 2 Bathroom Unit 
  • 3 Sales Last 6 Months
  • Median Sales Price $322,200
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $269.00
  • Sales to List Price 95%
  • Days on Market 145 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 4 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

This is down from 6 units for sale as in our last post for December 2017 / January 2018!

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

BEDS / BATHS LA LP$
Min 1 / 1 940 $275,000
Max 2 / 2 1290 $449,500
Avg 2 / 2 1155 $357,125
Median 2 / 2 1195 $352,000

We can see from this report that the median price for Fort Lauderdale condo for sale in Ocean Summit is $352,000 – this being for a 2 bedroom 2 bathroom unit.

In our last post the median price for Fort Lauderdale condo for sale in Ocean Summit was lower at $324,000 – this however was for a 1 bedroom 1 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.

View Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Florida
View Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Florida

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 $275,000 $293.00
2 / 2 1200 $355,000 $296.00

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

  • 1 Bedroom Ocean Summit condos for sale  is $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 – This is the same as in our last post for December 2017 / January 2018!
  • 2 Bedroom Ocean Summit condos for sale is $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 – This is also the same as in our last post!
  • 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

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo pending sale Ocean Summit - Unit 916
View Galt Ocean Mile condo pending sale Ocean Summit – Unit 916

Ocean Summit
New Listings

There has been no new listings of Ocean Summit Galt Ocean Mile condos for sale over the last 30 days this is the same as in our last post for December 2017 / January 2018 when there had been no new listing of condos for sale over the preceding 30 days!

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 are currently 1 units pending sale here in Ocean Summit – this is up from no units pending sale as in our last post.

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 940 $240,000 $255.00

We can see from this report that a 1 bedroom condo – Unit 916 listed for sale for $240,000 is now pending salethis 1 bedroom 1 bathroom 940 square foot unit has a list price to square foot price of $255.00

This condo is waiting for owners to update to their taste and offers “Tons of possibilities”

This unit is a large 1 bedroom and 1.5 bathrooms condo with high impact windows set right on Galt Ocean Mile .

Deeded covered parking is available from seller.

View Galt Ocean Mile condo recently sold Ocean Summit
View Galt Ocean Mile condo recently sold Ocean Summit here in Fort Lauderdale

Ocean Summit
Sales Last 6 Months

There have been just 3 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 6 months

This is the same as in our last post for December 2017 / January 2018 – but is well down from prior posts!

In our prior post for October / November 2017 there had been 6 x Ocean Summit condos sold over the preceding 6 months!

In our earlier post for August / September 2017 there had been 7 x Ocean Summit condos sold over the preceding 6 months!

The market analysis report for these 3 sales is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1190 $300,000
Max 2 / 2 1290 $450,000
Avg 2 / 2 1226 $357,400
Median 2 / 2 1200 $322,200

We can see from this report that the average sales price for a condo sold in Ocean Summit has been $357,400 – this being for a 2 bedroom 2 bathroom unit of 1226 square feet.

We can also see that that median price for a condo sold in Ocean Summit has been $322,200 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet

In our last post the median price for a condo sold in Ocean Summit over the preceding 6 months was over $30,000 higher at $352,500 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet

Note: All Sales were for 2 bedroom units!

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 6 months.

BEDS / BATHS LA SP$ SP$/SqFt
2 / 2 1200 $322,200 $269.00

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

  • There have been no 1 Bedroom Ocean Summit condos sold over the last 6 months
  • 2 Bedroom Ocean Summit condos sold has been $322,200 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a sales price to square foot price of $269.00.
  • There have been no 3 Bedroom Ocean Summit condos sold over the last 6 months 

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Ocean Summit Galt Ocean Mile condos over the last 6 months.

SP$/SqFt
Min $252.00
Max $349.00
Avg $290.00
Median $269.00

We can see from this report that the median price paid per square foot for a condo sold in this complex over the last 6 months has been $269.00 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 97%
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 6 months.

DOM
Min 38
Max 158
Avg 113
Median 145

We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit have been 145 days – or just under 5 months!

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

Ocean Summit Club
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Ocean Summit

CONDO BEDS / BATHS LA SP$
Unit 1706 2 / 2 1290 $450,000
Unit 614 2 / 2 1200 $322,200
Unit 412 2 / 2 1190 $300,000

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 1706 a 2 bedroom 2 bathroom condo which sold for $450,000.

Unit 1706 sold for 97% of its list price and had 158 days on market or just over 5 months!

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

I am confident however that buyer activity and sales will soon pick up!

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

Kevin Wirth Realtor


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