View Ocean Club condos 4020 Galt Ocean Mile Fort Lauderdale Florida

Ocean Club Condos

Ocean Club Condos
4020 Galt Ocean Mile
2020 Pricing Guide

Welcome to our January 2020 / February 2020 pricing guide for Ocean Club Condos 4020 Galt Ocean Mile, Ocean Club Condos 3800 Galt Ocean Drive, Fort Lauderdale, Florida

Fort Lauderdale condos for sale here in Ocean Club are set right on the sand on the famous Galt Ocean Mile beach.

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There are currently 9 condos for sale in the complex – 1 of which is a new listing 

There have been 5 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 in Ocean Club – Important information for both buyers and sellers!

Ocean Club Condos
4020 Galt Ocean Drive – Key Statistics

Here are some key statistics for Ocean Club Condos 4020 Galt Ocean Drive – Statistics useful to both Buyers and Sellers!

  • Prices from $298,000 to $529,000 
  • Median List Price $425,000
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Median Sales Price last 6 Months $445,750
    –  2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $259.00
  • Sales to List Price 95%
  • Days on Market 64 Days
Aerial view Galt Ocean Mile condominium Ocean Club 4020 Galt Ocean Drive Fort Lauderdale
Aerial view Galt Ocean Mile condominium Ocean Club 4020 Galt Ocean Drive Fort Lauderdale

Ocean Club
Condos for Sale

Currently there are 9 x Ocean Club Galt Ocean Mile condos for sale – this is down from the 11 x Ocean Club Condos for sale as per our last post for December 2019 / January 2020 

The market analysis report for the 9 x Ocean Club Condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 1,166 $298,000
Max 2 / 2 1,907 $529,000
Avg 2 / 2 1,570 $424,311
Median 2 / 2 1,596 $425,000

We can see from this report that the average price for a Galt Ocean Mile condo for sale here in Ocean Club is $424,311 – this being for a 2 bedroom 2 bathroom unit.

We can also see from this report that the median price for a condo for sale here in Ocean Club is $425,000 – this being for a 2 bedroom 2 bathroom unit.

In our last post the median price for a condo for sale here in Ocean Club was the same at $425,000 – this being for a 2 bedroom 2 bathroom unit.

In our prior post the median price for a condo for sale here in Ocean Club was ever so slightly lower at $424,894 – this being for a 2 bedroom 2 bathroom unit.

It is also important to note that the most expensive unit for sale in Ocean Club is listed for sale for $549,000 and the least expensive unit for sale is listed for sale at $279,900!

View Ocean Club condominium 4020 Galt Ocean Mile Fort Lauderdale
Aerial view Ocean Club condominium 4020 Galt Ocean Mile Fort Lauderdale, Florida.

Ocean Club Condos
4020 Galt Ocean Drive
Prices by Bedroom

Here are the median prices by bedroom for all Ocean Club condos 4020 Galt Ocean Drive.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1,242 $324,000 $263.00
2 / 2 1,645 $439,900 $276.00

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

  • 1 Bedroom Ocean Club Condos 4020 Galt Ocean Mile for sale is $324,000 – this being for a 1 bedroom unit of 1,242 square feet with a list price to square foot price of $263.00 – In our last post the median for 1 Bedroom Ocean Club condos for sale was lower at $298,000 – this being for a 1 bedroom unit of 1,200 square feet with a list price to square foot price of $233.00
  • 2 Bedroom Ocean Club Condos 4020 Galt Ocean Mile for sale is units currently for sale is $439,900 – this being for a 2 bedroom 2 bathroom unit of 1645 square feet with a list price to square foot price of $276.00 – In our last post the median for 2 Bedroom Ocean Club condos for sale is units currently for sale was higher at $454,450 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet with a list price to square foot price of $281.00
  • There are currently no 3 Bedroom Ocean Club Condos 4020 Galt Ocean Mile for sale – there were no 3 bedroom units for sale in our last post either.

View Ocean Club condo just listed for sale 4020 Galt Ocean Mile Fort Lauderdale
View Ocean Club condo just listed for sale 4020 Galt Ocean Mile Fort Lauderdale

Ocean Club
New Listings – Last 30 Days

There has been 1 new listing of Galt Ocean Mile condos for sale here in Ocean Club 4020 Galt Ocean Drive over the last 30 days In our last post there were 3 new listings all 2 bedroom units!

The market analysis report for this new listing is presented below.

BEDS / BATHS LA LP$
Unit 601 2 / 2 1,645 $389,000

We can see from this report that Unit 601 a 2 bedroom unit has just been listed for sale for $389,000 – this 2 bedroom 2 bathroom 1645 square foot unit has a list price to square foot price of $389.00

Unit 601 is Beach-front condo unit located on famous Galt Ocean Mile, 

This Galt Ocean Mile condo for sale offers breathtaking ocean views and direct beach access. The units wrap around balcony provides views from any angle of the living room and kitchen.

This unit features: a large living room, huge bedrooms and a washer/dryer in unit.  The condo is ready for you to renovate!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

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View Ocean Club condo pending sale 4020 Galt Ocean Mile Fort Lauderdale Florida Unit 1105
View Ocean Club condo pending sale 4020 Galt Ocean Mile Fort Lauderdale Florida Unit 1105

Ocean Club Condos
Recent & Pending Sales

In this section of the post we look at Ocean Club’s pending sales and sales over the last 6 months.

Ocean Club
Pending Condo Sales

There is currently 2 x Ocean Club condos 4020 Galt Ocean Mile under contract and pending sale – there was just 1 condo pending sale in our last post unit 606 a 2 bedroom unit.

Our market analysis report for these units is presented below

BEDS / BATHS LA LP$
Unit 1105 2 / 2 1,514 $339,000
Unit 202 2 / 2 1,690 $271,000

We can see from this report that:

Unit 1105 a 2 bedroom unit listed for $339,000 is now pending salethis 2 bedroom 2 bathroom 1,514 square foot unit has a list price to square foot price of $224.00

Unit 1105 is direct oceanfront condo on Fort Lauderdale Beach!

This Galt Ocean Mile condo features: a spacious layout, a washer and dryer in unit, a large balcony with ocean and city views, storage and garage parking.

Unit 202 a 2 bedroom unit listed for $271,000 is now pending salethis 2 bedroom 2 bathroom 1,690 square foot unit has a list price to square foot price of $160.00

Unit 202 is a reverse mortgage property being sold as is with no concessions or repairs and subject to HUD guidelines.

View Ocean Club condos recently sold 4020 Galt Ocean Mile Fort Lauderdale Florida Unit 1602
View Ocean Club condos recently sold 4020 Galt Ocean Mile Fort Lauderdale Unit 1602

Ocean Club
Condo Sales – Last 6 Months

There have been 5 x Ocean Club condos 4020 Galt Ocean Mile sold over the last 6 months – This is up from 5 sales over the preceding 6 months as in our last post!

The market analysis report for these 6 sales is presented below:

BEDS / BATHS LA SP$
Min 2 / 2 1,596 $365,000
Max 2 / 2 1,907 $556,000
Avg 2 / 2 1,692 $447,917
Median 2 / 2 1,667 $445,750

We can see from this report that the average price for a unit sold in Ocean Club has been $447,917 this being for a 2 bedroom 2 bathroom unit of 1692 square feet.

We can also see from this report that the median price for a unit sold in Ocean Club has been $445,750 this being for a 2 bedroom 2 bathroom unit of 1667 square feet

In our last post the median price for a unit sold in Ocean Club over the preceding 6 months was ever so slightly higher at $446,500 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet

Sales Price to
Square Foot Price

An important factor in looking a sales of Fort Lauderdale condos here in Ocean Club is the sales price to square foot price paid for condos.

Our market summary report for sales over the last 6 months is presented below.

SP$/SqFt
Min $191.00
Max $320.00
Avg $253.00
Median $259.00

We can see from this report that median price paid over the last 6 months has been $259.00 per square foot

It is important to note that this is down from $270.00 in our last post, $280.00 as in our prior post which in turn was down from $294.00 as in our earlier post!

It is also important to note that highest square foot price paid at $320.00 per square foot!

% Sales to List Price

Another important real estate indicators that is important to note is how much  buyers are paying for Ocean Club Condos 4020 Galt Ocean Drive – 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 80%
Max 99%
Avg 93%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  over the last 6 months has been well down at 95%

It is important to note that in our last post the median sales price to list price was much lower at 93%!

This means if a Fort Lauderdale condo for sale here in Ocean Club is listed at $500,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $475,000.

Days on Market

Days on market for Condos for Sale in Ocean Club is another important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 6 months.

DOM
Min 14
Max 150
Avg 71
Median 64

We can see from this report that median days on market is 64 days or just over 2 months!

Note: this is up from 38 days as in our last post!

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

Ocean Club
Condo Sales Itemized

Here is the sales data for Ocean Club Condos 4020 Galt Ocean Drive – based on condos sold over the last 6 months

BEDS / BATHS LA SP$
Unit 1105 2 / 2 1,645 $556,000
Unit 202 2 / 2 1,596 $510,000
Unit 604 2 / 2 1,596 $446,500
Unit 1602 2 / 2 1,716 $445,000
Unit 702 2 / 2 1,690 $365,000
Unit 606 2 / 2 1,907 $365,000

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 1105 a 2 bedroom condo which sold for $556,000

Unit 1105 was a 2 bedroom 2 bathroom 1645 square foot unit and sold for $338.00 per square foot.

This condo sold for 88% if list price and had just 38 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Club Condos 4020 Galt Ocean Drive are units in a great complex set right on the sand here on our famous Galt Mile!

Currently we have a very good range of 1 & 2 Bedroom direct oceanfront condos for sale with a total of 9 units for sale!

Sales have remained solid over the last 6 months (especially given we were out of Season) with 5 units sold and 2 units now pending sale! 

I am confident now that we are entering Season that we shall see some strong buyer activity and good sales over the new few months!

I hope you have enjoyed reading my post on Fort Lauderdale condos for sale in Ocean Club – by Kevin Wirth Realtor.