View condos for sale here Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea

Caribe Condos

Caribe Inc Broward County
Lauderdale by the Sea

Welcome to our November 2018 / December 2018 post on condos in Caribe Inc Broward County condominium complex in 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 6 x units for sale in Caribe Inc of Broward County Lauderdale by the Sea

There has been 8 closed sales over the last 6 months and 2 units are 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 units over the last 6 months!

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

Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea
Caribe Inc of Broward County 4050 N Ocean Drive Fort Lauderdale in Lauderdale by the Sea

Caribe Inc of Broward County
Lauderdale by the Sea – 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 $194,000 – $479,900
  • Median List Price $218,450
     – for a 1 bedroom 1 bathroom unit

Median Sales Prices

  • Sales Price last 12 Months $187,500
    – for a 1 bedroom 1 bathroom unit
  • Sales Price to Sq Ft Price $284.00
  • Sales Price to List Price 94%
  • Days on Market 11 Days
View 1 bedroom Caribe condo for sale Galt Ocean Mile
View from a 1 bedroom Caribe condo for sale on our famous Galt Ocean Mile!

Caribe Inc of Broward County
Co-op Units for Sale

Currently there are 6 condos for sale in Caribe Inc Broward County in Lauderdale by the Sea that are for sale – this is down from our last post for September / October 2018 – when we had 8 units for sale which was one of the largest inventories of condos for sale this year.

Our market summary report for these 6 units for sale is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 660 $194,000
Max 2 / 2 880 $479,900
Avg 1 / 1 748 $270,133
Median 1 / 1 660 $218,450

We can see from the market report that the median price for a Caribe condo for sale is $218,450 this being for a 1 bedroom 1 bathroom unit of 660 square feet.

This is up from our last post for Sept / Oct this year when the median for a Caribe condo for sale was $205,500 – this being for a 1 bedroom 1 bathroom unit of 660 square feet

This is also well up from February / March this year when the median for a Caribe condo for sale was $181,950 – this being for a 1 bedroom 1 bathroom unit of 660 square feet

Caribe Inc of Broward County
Unit Prices by Bedroom

Here is our market summary report for Caribe Inc Broward County showing median list prices by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 660 $203,500 $308.00
2 / 2 880 $397,450 $452.00

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

1 Bedroom Caribe condos Lauderale by the Sea for sale is $203,500this being for a 1 bedroom 1 bathroom 660 square foot unit with a list price to square foot price of $308.00

2 Bedroom Caribe condos Lauderdale by the Sea for sale is $397,450this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $452.00

Caribe Inc of Broward County
New Listings

There have been no new listings of condos for sale Caribe Inc of Broward County Lauderdale by the Sea over the last 30 days. 

This is up from 2 new listings as in our last post when Unit 1702 and Unit 1205 were listed for sale – both of these are 1 bedroom units.


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

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View Caribe Inc Broward County 4050 N Ocean Drive Fort Lauderdale condo pending sale - Unit 705
Caribe Inc 4050 N Ocean Drive Fort Lauderdale condo pending sale – Unit 705

Caribe Inc of Broward County
Condos Pending Sale

There are currently 2 x units pending sale in Caribe Inc of Broward County in Lauderdale by the Sea / Fort Lauderdale  – this is down from 3 units pending sale as in our last post!

Our market analysis report for these 2 units is presented below

BEDS / BATHS LA LP$
Unit 705 1 / 1 660 $199,000
Unit 306 1 / 1 660 $169,900

We can see from this report that:

Unit 705 a 1 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $199,000 is now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $302.00

Unit 705 is a renovated unit with new flooring and blinds, permitted kitchen with new stove, refrigerator, dishwasher and convection microwave.  The unit has a renovated bathroom to match!

Unit 306 a 1 bedroom Caribe Condo Lauderdale by the Sea listed for sale for $169,900 is also now pending sale –  this 1 bedroom 1 bathroom 660 square foot unit has a list price to square foot price of $257.00

Unit 306 is at the East end of the balcony with views of the ocean from front windows, and views all the way to the light house from the back windows.

View Caribe 4050 N Ocean Drive Fort Lauderdale condo recently sold
Great views from Caribe 4050 N Ocean Drive Fort Lauderdale condo recently sold

Caribe Inc of Broward County
Sales Last 12 Months

There have been just 2 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 12 Months.

Over the the 12 months however there have been 8 sales in total!

The market analysis report for these 8 condo units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 660 $166,000
Max 2 / 2 880 $410,000
Avg 1 / 1 723 $238,571
Median 1 / 1 660 $187,500

We can see from this report that the median sales price for a condo sold here in Caribe Inc Lauderdale by the Sea over the last 12 months has been $187,500 – 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 Inc of Broward County Lauderdale by the Sea over the last 12 months.

SP$/SqFt
Min $252.00
Max $466.00
Avg $320.00
Median $284.00

We can see from this report that the sales price to square foot price was $284.00 per square foot

Note the highest square foot price paid for a Caribe condo at $466.00!

% 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 98%
Avg 93%
Median 94%

We can see from this report that sales price to list price for Caribe condos sold over the last 12 months was 94% 

This means if a Fort Lauderdale condo for sale here in Caribe in Lauderdale by the Sea is listed at $200,000 – then based on median sales data the condo could be expected to sell for 94% of that amount or $188,000 – 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 4
Max 158
Avg 48
Median 11

We can see from this report that the average and median days on market for Caribe Inc Fort Lauderdale sold has been just 11 days – very fast!

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

Pool views Caribe Inc Galt Ocean Mile Fort Lauderdale
Pool views from Caribe Inc here on Galt Ocean Mile in Fort Lauderdale, Florida

Caribe Inc of Broward County
Recent Sales Itemized

Here is the data for each of the condos sold in Caribe Inc Broward County Lauderdale by the Sea sold over the last 12 months

BEDS / BATHS LA SP$
Unit 1110 2 / 2 880 $410,000
Unit 1001 2 / 2 880 $352,000
Unit 1707 1 / 1 660 $200,000
Unit 405 1 / 1 660 $187,500
Unit 1508 1 / 1 660 $182,500
Unit 1108 1 / 1 660 $172,000
Unit 706 1 / 1 660 $166,000

We can see from this report that the highest sale over the last 12 months was for Unit 1110 a 2 bedroom Caribe Inc condo that sold for $410,000 – This 2 bedroom 2 bathroom 880 square foot unit had a sales price to square foot price of $466.00

Unit 1110 sold for 91% of list price and had just 4 days on market!

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 a great range of condos for sale with 6 units for sale – including a mix of 1 bedroom and 2 bedroom units!

Sales activity has been strong over the last 12 months with 2 units under contract and pending sale and 8 units sold!

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

Kevin Wirth Fort Lauderdale Realtor