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
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 $284.00
- Sales Price to List Price 94%
- Days on Market 11 Days
Caribe Inc of Broward County
Co-op Units for Sale
Currently there are 6 condos for sale in Caribe Inc Broward County in Lauderdale by the Sea that are for sale – this is down from our last post for September / October 2018 – when we had 8 units for sale which was one of the largest inventories of condos for sale this year.
Our market summary report for these 6 units for sale is presented below:
| BEDS / BATHS | LA | LP$ | |
| 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 $203,500 – this 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 $397,450 – this being for a 2 bedroom 2 bathroom 880 square foot unit with a list price to square foot price of $452.00
Caribe Inc of Broward County
New Listings
There have been no new listings of condos for sale Caribe Inc of Broward County Lauderdale by the Sea over the last 30 days.
This is up from 2 new listings as in our last post when Unit 1702 and Unit 1205 were listed for sale – both of these are 1 bedroom units.
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
kevinsellsmore@gmail.com
954-459-0337
Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings
Caribe Inc of Broward County
Condos Pending Sale
There are currently 2 x units pending sale in Caribe Inc of Broward County in Lauderdale by the Sea / Fort Lauderdale – this is down from 3 units pending sale as in our last post!
Our market analysis report for these 2 units is presented below
| BEDS / BATHS | LA | LP$ | |
| 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 $257.00
Unit 306 is at the East end of the balcony with views of the ocean from front windows, and views all the way to the light house from the back windows.
Caribe Inc of Broward County
Sales Last 12 Months
There have been just 2 sales of condos in Caribe Inc of Broward County Lauderdale by the Sea over the last 12 Months.
Over the the 12 months however there have been 8 sales in total!
The market analysis report for these 8 condo units is presented below.
| BEDS / BATHS | LA | SP$ | |
| 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 $188,000 – based on median MLS data!
Days on Market
Days on market for units in Caribe Inc of Broward County in Lauderdale by the Sea is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this coop.
Here is the market analysis report for Days on Market based on condo sales over the last 12 months.
| DOM | |
| Min | 4 |
| Max | 158 |
| Avg | 48 |
| Median | 11 |
We can see from this report that the average and median days on market for Caribe Inc Fort Lauderdale sold has been just 11 days – very fast!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Caribe Inc of Broward County
Recent Sales Itemized
Here is the data for each of the condos sold in Caribe Inc Broward County Lauderdale by the Sea sold over the last 12 months
| BEDS / BATHS | LA | SP$ | |
| 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!
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