View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea Fort Lauderdale for sale

Caribe Condos

Caribe Condos
Lauderdale by the Sea
2020 Pricing Guide

Welcome to our October 2020 / November 2020 pricing guide for Caribe Condos Lauderdale by the Sea, 4050 N Ocean Drive, Lauderdale by the Sea, Florida

Caribe is a direct oceanfront co-op set right on the beachfront here at the end of the famous Galt Ocean Mile

There are currently 9 x units for sale in Caribe Inc of Broward County Lauderdale by the Sea – all 1 bedroom units! 

There has been 6 closed sales over the last 12 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 trends in Caribe – Important information for both buyers and sellers!

Caribe Condos
Lauderdale by the Sea
2020 Key Statistics

Caribe Inc of Broward County

Condominium complex in Lauderdale-by-the-Sea, Florida

Address: 4050 N Ocean Dr, Fort Lauderdale, FL 33308

Phone: (954) 776-4190

  • Prices Range from $219,000 – $263,000
  • Median List Price $239,900
     – for a 1 bedroom 1 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $217,475
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $318.00
  • Sales Price to List Price 93%
  • Days on Market 32 Days
Aerial view Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea Fort Lauderdale Florida
Aerial view Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea FL

Caribe Condos
Lauderdale by the Sea
Units for Sale

Currently there are 9 x Caribe Condos Lauderdale by the Sea for sale – all of which are 1 bedroom units!

This is the same as in our last post for August 2020 / September 2020 when we also had 9 units for sale!

Our market summary report for these 9 units for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 660 $219,000
Max 1 / 1 660 $263,000
Avg 1 / 1 660 $240,311
Median 1 / 1 660 $239,900

We can see from the market report that the average price for one of the Caribe condos Lauderdale by the Sea currently for sale is $240,311 – this being for a 1 bedroom 1 bathroom 660 square foot unit!

In our last post the average price for one of the Caribe condos Lauderdale by the Sea currently for sale was a little higher at $242,311 – this also being for a 1 bedroom 1 bathroom 660 square foot unit!

We can also see from the market report that the median price for a Caribe condo for sale is $239,900 – this being for a 1 bedroom 1 bathroom 660 square foot unit – the median is the same as in our last post!

It is important to note the highest priced unit for sale at $263,000 as well as the lowest priced unit at $219,000.

View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea Fort Lauderdale Florida
View I Bedroom Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea

Caribe Condos
Lauderdale by the Sea
Prices by Bedroom

Here is our market summary report for Caribe condos Lauderdale by the Sea by bedroom.

We then compare these prices to our last report.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 660 $239,900 $363.00

We can see from this report that:

1 Bedroom Caribe condos Lauderdale by the Sea for sale is $239,900 – this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $363.00 – In our last post the median list price for 1 bedroom Caribe condos for sale was lower at $215,000 – this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $326.00

There are currently no 2 Bedroom Caribe condos Lauderdale by the Sea for sale In the last post when 2 bedroom units were for sale the median price for 2 Bedroom Caribe condos Lauderdale by the Sea for sale was $459,000 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $522.00. 

Caribe Condos
New Listings

There has been just 1 new listings of Caribe Fort Lauderdale condos over the last 30 days – This is up from our last post when we had no new listings.

Our market analysis for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 1205 1 / 1 660 $249,000

We can see from this report that Unit 1205 a 1 bedroom Caribe condo Lauderdale by the Sea has just been listed for sale for $249,000 – this 1 bedroom 1 bathroom 600 square foot unit has a list price to square foot price of $377.00

Unit 1205 offers wide water views and is a nicely updated condo.

The condo features: Hurricane impact windows, nice wood floors throughout and a renovated kitchen and bathroom.

The catwalk entry provides gorgeous views of the ocean on the south side of the unit and amazing northern coastal views from the spacious bedroom.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

Caribe Lauderdale by the Sea
Condos Currently Pending Sale

There are currently no units pending sale here in Caribe Lauderdale by the Sea / Fort Lauderdale – In our last 2 posts there were also no units pending sale!

Caribe Condos
Lauderdale by the Sea
Last 6 Months Sales

There have been no sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 6 Months

This is down from 2 sales over the last 6 months as in our last post!

View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea recently sold
View Galt Ocean Mile condo Caribe 4050 N Ocean Drive Lauderdale by the Sea recently sold!

Caribe Condos
Lauderdale by the Sea
Last 12 Months Sales

There have been 6 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 12 Months

The market analysis report for these 6 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 660 $194,000
Max 2 / 2 880 $265,000
Avg 1 / 1 704 $227,058
Median 1 / 1 660 $217,475

We can also see from this report that the average sales price for one of the 6 x Caribe condos Lauderdale by the Sea sold over the last 12 months has been $227,058 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

We can also see from this report that the median sales price for one of the 6 x Caribe condos Lauderdale by the Sea sold over the last 12 months has been $217,475 – this being for a 1 bedroom 1 bathroom condo of 660 square feet

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for units in Caribe Lauderdale by the Sea over the last 12 months.

SP$/SqFt
Min $294.00
Max $394.00
Avg $330.00
Median $318.00

We can see from this report that the median sales price to square foot price was $318.00 per square foot.

It is also important to note the highest square foot price paid for a Caribe condo over the last 6 months at $394.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Caribe Inc of Broward County – 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 89%
Max 100%
Avg 94%
Median 93%

We can see from this report that sales price to list price for Caribe condos sold over the last 12 months was 93%

This means if a Fort Lauderdale condo for sale here in Caribe in Lauderdale by the Sea is listed at $225,000 – then based on median sales data the condo could be expected to sell for 93% of that amount or $209,250 – based on median MLS data!

Days on Market

Days on market for units in Caribe Inc of Broward County in Lauderdale by the Sea is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this coop.

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

DOM
Min 5
Max 138
Avg 48
Median 32

We can see from this report that the median days on market for Caribe Inc Fort Lauderdale condos sold has been 32 days or just over 1 month 

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

Caribe Inc of Broward County
Median Sales Prices by Bedroom

Here is our market summary report for Caribe condos Lauderdale by the Sea sold over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 660 $210,000 $330.00
2 / 2 880 $265,000 $301.00

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

1 Bedroom Caribe condos Lauderdale by the Sea sold over the last 6 months is $210,000 – this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $330.00

2 Bedroom Caribe condos Lauderdale by the Sea sold over the last 6 months is $265,000 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $301.00. 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Caribe Inc of Broward County in Lauderdale by the Sea offers units in a great direct oceanfront coop here at the end of Galt Ocean Mile Fort Lauderdale.

We currently have an excellent range of 1 bedroom condos for sale with 9 units for sale!

Sales activity was slow earlier this year due to the Coronavirus – however I am pleased to report buyer activity on Galt Ocean Mile is truly back on the rise!

I hope you have enjoyed my Post on Caribe Condos Fort Lauderdale for Sale

Kevin Wirth Fort Lauderdale Realtor