View Ocean Summit Galt Ocean Mile condo 4010 Galt Ocean Drive Fort Lauderdale sold 2018

Ocean Summit Condos Fort Lauderdale 2018 Sales

Ocean Summit Condos
Fort Lauderdale

Welcome to our review of 2018 sales for Ocean Summit condos Fort Lauderdale – here on our famous Galt Ocean Mile.

In 2018 there were 11 x Ocean Summit Fort Lauderdale condos sold – This is the same number of condos sold in 2017

Ocean Summit Condos
2018 Sales

Here is our market analysis report for sales of Ocean Summit Condos Fort Lauderdale in 2018

BEDS / BATHS LA SP$
Min 1 / 1 940 $230,000
Max 2 / 2 1,290 $515,000
Avg 2 / 2 1,108 $338,455
Median 2 / 2 1,100 $330,000

We can see from this report that the average price for Ocean Summit condos sold in 2018 was $338,455 – this being for a 2 bedroom 2 bathroom unit of 1108 square feet.  

In 2017 the average price for Ocean Summit condos sold was lower at $331,427 – this being for a 2 bedroom 2 bathroom unit of 1142 square feet.  

We can also see from this report that the median price for Ocean Summit condos sold in 2018 was $330,000this being for a 2 bedroom 2 bathroom unit of 1100 square feet.  

In 2017 the median price for Ocean Summit condos sold was lower at $300,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet.

Important to note is that:

  • the median sales price to list price was 94% – which was down from 95% in 2017! 
  • the median days on market was 99 days or just over 3 months – which was up from 78 days in 2017Days on market is the time from when the unit was listed for sale till the date the condo sold and closed!
View Ocean Summit Galt Ocean Mile condominium 4010 Galt Ocean Drive Fort Lauderdale 2018
Ocean Summit Galt Ocean Mile condominium 4010 Galt Ocean Drive Fort Lauderdale 2018

Ocean Summit Condos
2018 Prices by Bedroom

Here is a pricing guide based on all median sales prices for Galt Ocean Mile condos sold in Ocean Summit in 2018.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 940 $245,000 $261.00
2 / 2 1,190 $369,000 $309.00

We can see from this report that in 2018:

Ocean Summit 1 Bedroom units had a median sales price of $245,000 – this being for a 1 bed/1 bath unit of 940 square feet with a list price to square foot price of $261.00 – In 2017 the median sales price for Ocean Summit 1 Bedroom units was lower at $242,500 – this being for a 1 bed/1 bath unit of 940 square feet with a list price to square foot price of $250.00

Ocean Summit 2 Bedroom units had a median sales price of $369,000 – this being for a 2 bed/2 bath unit of 1190 square feet with a list price to square foot price of $309.00.  In 2017 the median sales price for Ocean Summit 2 Bedroom units was lower at $348,600 – this being for a 2 bed/2 bath unit of 1195 square feet with a list price to square foot price of $291.00

There were no Ocean Summit 3 Bedroom units sold in 2018 – based on MLS records – In 2017 the median sales price for Ocean Summit 3 Bedroom units was $495,000 – this being for a 3 bed/2 bath unit of 1520 square feet with a list price to square foot price of $326.00.

Pool view Ocean Summit Galt Ocean Mile condominium 4010 Galt Ocean Drive Fort Lauderdale 2018
Pool Ocean Summit Galt Ocean Mile condominium 4010 Galt Ocean Drive Ft Lauderdale 2018

Ocean Summit
1 Bedroom Condos

In 2018 there were 3 x 1 bedroom units sold here in Ocean Summit – In 2017 there were 4 x 1 bedroom units sold here in Ocean Summit.

Our market analysis report for these 3 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 940 $230,000
Max 1 / 1 940 $250,000
Avg 1 / 1 940 $241,667
Median 1 / 1 940 $245,000

We can see from this report that the average price for a 1 bedroom unit sold here in Ocean Summit in 2018 was $241,667 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a sales price to square foot price of $257.00

We can also see that the median sales price for a 1 bedroom condo unit sold in 2018 was $245,000 – this being for a unit of 940 square feet with a sales price to square foot price of $261.00

Important to note is that range of prices for 1 bedroom condo sales – which range from a low of $230,000 to a high of $250,000.

Also important to note is that:

  • the median sales price to list price was 95% 
  • the median days on market was 135 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit
2 Bedroom Condos

In 2018 there were 8 x 2 bedroom units sold here in Ocean Summit.  In 2017 there were 6 x 2 bedroom units sold here in Ocean Summit.

Our market analysis report for these units is presented below.

BEDS / BATHS LA SP$
Min 2 / 2 1,100 $275,000
Max 2 / 2 1,290 $515,000
Avg 2 / 2 1,171 $374,750
Median 2 / 2 1,190 $369,000

We can see from this report that the average price for a 2 bedroom unit sold here in Ocean Summit in 2018 was $374,750 – this being for a 2 bedroom 2 bathroom unit of 1171 square feet with a sales price to square foot price of $322.00

We can see from this report that the median price for a 2 bedroom unit sold here in Ocean Summit in 2018 was $369,000 – this being for a 2 bedroom 2 bathroom unit of 1,190 square feet with a sales price to square foot price of $309.00

Important to note is that range of prices for 2 bedroom condo sales – which range from a low of $275,000 to a high of $515,000.

Also important to note is that:

  • the median sales price to list price was 94% 
  • the median days on market was 79 days – days on market is the time from when the unit was listed for sale till the date the condo sold and closed!

Ocean Summit
3 Bedroom Condos

In 2018 there were no 3 bedroom unit sold here in Ocean Summit.   In 2017 there was also just 1 x 3 bedroom unit sold here in Ocean Summit.

2018 Ocean Summit Sales
Most Expensive Sale

Here is the market analysis report for the most expensive unit sold here in Ocean Summit Fort Lauderdale in 2018

BEDS / BATHS LA SP$
Unit 1104 2 / 2 1,190 $515,000

We can see from this report that a 2 bedroom 2 bathroom condo – unit 1104 sold for $515,000 – important to note is that the unit sold for 100% of its list price.

This condo in Ocean Summit had just 5 days on market – this is the time from the date the unit was listed for sale till the date the unit sold AND closed.

We feature this unit below:

View Ocean Summit Galt Ocean Mile condo 4010 Galt Ocean Drive Fort Lauderdale sold highest price 2018 - Unit 1104
Ocean Summit Galt Ocean Mile condo 4010 Galt Ocean Drive sold highest price 2018 – #1104

Ocean Summit Condo Unit 1104
Offered for Sale $515,000

This Galt Ocean Mile condo is a South East corner – rarely available –  and offers unbelievable ocean and coastline views.

This Ocean Summit Fort Lauderdale condo sold on the 31st of July 2018 for $515,000 – this was the most expensive sale in 2018 for a unit here in Ocean Summit.

Note: Unit 1104 sold with a sales price to square foot price of $433.00!

Ocean Summit Condos
Fort Lauderdale 2018 Sales

Here is our sales summary showing the data for all Ocean Summit condos Fort Lauderdale sold in 2018 – by unit.

BEDS / BATHS LA SP$
Unit 1104 2 / 2 1,190 $515,000
Unit 810 2 / 2 1,100 $420,000
Unit 105 2 / 2 1,100 $420,000
Unit 1611 2 / 2 1,190 $382,000
Unit 812 2 / 2 1,200 $356,000
Unit 612 2 / 2 1,200 $330,000
Unit 701 2 / 2 1,100 $300,000
Unit 514 2 / 2 1,290 $275,000
Unit 1616 1 / 1 940 $250,000
Unit 1416 1 / 1 940 $245,000
Unit 916 1 / 1 940 $230,000

We can see from this summary report the details for each unit sold in Ocean Summit – including unit number, bedrooms/bathrooms, unit size and final sales price.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

I hope you have enjoyed this post on sales for Ocean Summit condos Fort Lauderdale in 2018

Kevin Wirth – Realtor
954-459-0337