View Galt Ocean Mile condo Ocean Club 4020 Galt Ocean Drive Fort Lauderdale for sale

Ocean Club Condos

Ocean Club Condos
4020 Galt Ocean Mile
2020 Pricing Guide

Welcome to our October 2020 / November 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 7 condos for sale in the complex – all of which are 2 bedroom units!

There have been 5 closed sales over the last 6 months and 1 unit is 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 $338,000 to $565,000 
  • Median List Price $434,005
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Median Sales Price last 6 Months $410,000
    –  2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $260.00
  • Sales to List Price 93%
  • Days on Market 89 Days
View Galt Ocean Mile condominium Ocean Club 4020 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Ocean Club 4020 Galt Ocean Drive Fort Lauderdale

Ocean Club
Condos for Sale

Currently there are 7 x Ocean Club Galt Ocean Mile condos for sale – all 2 bedroom units!

This is down from the 8 x Ocean Club Condos for sale as per our last post for August 2020 / September 2020 – all of which were 2 bedroom units too! 

The market analysis report for the 7 x Ocean Club Condos for sale Fort Lauderdale is presented below.

BEDS / BATHS LA LP$
Min 2 / 2 1,514 $338,000
Max 2 / 2 1,907 $565,000
Avg 2 / 2 1,751 $451,429
Median 2 / 2 1,690 $434,005

We can see from this report that the average price for a Galt Ocean Mile condo for sale here in Ocean Club is $451,429 – this being for a 2 bedroom 2 bathroom unit.

This is down from our last post when the average price for a Galt Ocean Mile condo for sale here in Ocean Club was higher at $484,003 – 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 $434,005 – this being for a 2 bedroom 2 bathroom unit.

This is also down from our last post when the median price for a condo for sale here in Ocean Club was higher at $469,063 – 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 $565,000 and the least expensive unit for sale is listed for sale at $338,000!

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 currently for sale.

BEDS / BATHS LA LP$ LP$/SqFt
2 / 2 1,690 $434,005 $280.00

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

  • There are currently no 1 Bedroom Ocean Club Condos 4020 Galt Ocean Mile for sale – In the last post when 1 bedroom Ocean Club condos were for sale the median list price was $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
  • 2 Bedroom Ocean Club Condos 4020 Galt Ocean Mile for sale is units currently for sale is $434,005 – this being for a 2 bedroom 2 bathroom unit of 1690 square feet with a list price to square foot price of $280.00 – In our last post the median for 2 Bedroom Ocean Club condos for sale is units currently for sale was higher at $469,063 – this being for a 2 bedroom 2 bathroom unit of 1667 square feet with a list price to square foot price of $283.00
  • 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 4 posts.
View Galt Ocean Mile condo Ocean Club Drive Fort Lauderdale just listed for sale Unit 202
View Galt Ocean Mile condo Ocean Club Drive Fort Lauderdale just listed for sale Unit 202

Ocean Club
New Listings – Last 30 Days

There has been 1 new listing of a Galt Ocean Mile condo for sale here in Ocean Club 4020 Galt Ocean Drive over the last 30 days – this being a 2 bedroom unit!

In our last post there were 2 new listings – Unit 608 and Unit 601 both of these were 2 bedroom units!

Our market analysis report for this new listing is presented below:

BEDS / BATHS LA LP$
Unit 202 2 / 2 1,690 $338,000

We can see from this report that Unit 202 a 2 bedroom Ocean Club 4020 Galt Ocean Drive condo has just been listed for sale for $338,000this 2 bedroom 2 bathroom 1690 square foot unit has a list price to square foot price of $200.00

Unit 202 is  a corner unit with a spacious floor plan and a large wrap-around balcony with both City and Ocean views.

This Galt Ocean Mile condo is a Reverse Mortgage REO Property!


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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View Galt Ocean Mile condo Ocean Club 4020 Galt Ocean Drive Fort Lauderdale pending sale unit 103
View Galt Ocean Mile condo Ocean Club 4020 Galt Ocean Drive pending sale unit 103

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 just 1 x Ocean Club condo 4020 Galt Ocean Mile under contract and pending sale

There were 2 condos pending sale in our last post too – this being Unit 103 and Unit 202!

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 103 2 / 2 1,596 $349,000

We can see from this report that Unit 103 a 2 bedroom unit listed for $349,000 is now pending salethis 2 bedroom 2 bathroom 1,596 square foot unit has a list price to square foot price of $219.00

Unit 103 offers a wide balcony with ocean views!

This Galt Ocean Mile condo has big bedrooms with walk in closets, a spacious living room and tile floors throughout.

View Galt Ocean Mile condo Galt Ocean Club 4020 Galt Ocean Drive Fort Lauderdale recently sold Unit 1505
View Galt Ocean Mile condo Galt Ocean Club 4020 Galt Ocean Drive recently sold # 1505

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 down from 7 sales over the preceding 6 months as in our last post!

The market analysis report for these 5 sales is presented below:

BEDS / BATHS LA SP$
Min 2 / 2 1,356 $310,000
Max 2 / 2 1,907 $555,000
Avg 2 / 2 1,577 $415,000
Median 2 / 2 1,514 $410,000

We can see from this report that the average price for a unit sold in Ocean Club has been $415,000 this being for a 2 bedroom 2 bathroom unit of 1577 square feet – This is up from our last post!

In our last post the average price for a unit sold in Ocean Club was lower at $407,143 – this being for a 2 bedroom 2 bathroom unit of 1560 square feet

We can also see from this report that the median price for a unit sold in Ocean Club has been $410,000 this being for a 2 bedroom 2 bathroom unit of 1514 square feet

In our last post the median price for a unit sold in Ocean Club over the preceding 6 months was the same $410,000 – this being for a 2 bedroom 2 bathroom unit of 1514 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 $205.00
Max $367.00
Avg $266.00
Median $260.00

We can see from this report that median price paid over the last 6 months has been $260.00 per square foot – the same as in our last post!

It is also important to note that highest square foot price paid at $367.00 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 90%
Max 97%
Avg 94%
Median 93%

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 93%

This is down slightly from our last post when the median sales price to list price was 94%!

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 93% of that amount or $465,000.

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 76
Max 131
Avg 95
Median 89

We can see from this report that median days on market is 89 days or just under 3 months!

Note: this is very close to 85 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

View Galt Ocean Mile condominium Galt Ocean Club 4020 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Galt Ocean Club 4020 Galt Ocean Drive Fort Lauderdale

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 1505 2 / 2 1,514 $555,000
Unit 509 2 / 2 1,596 $415,000
Unit 506 2 / 2 1,907 $410,000
Unit 1807 2 / 2 1,356 $385,000
Unit 1105 2 / 2 1,514 $310,000

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 1505 a 2 bedroom condo which sold for $555,000

Unit 1505 was a 2 bedroom 2 bathroom 1514 square foot unit and sold for $367.00 per square foot.

This condo sold for 93% if list price and had 85 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 an excellent range of 2 bedroom condos for sale with 7 units for sale – 1 of which is a new listing!

Sales have been solid over the last 6 months – especially given the lock down of the Galt due to Corona Virus!

5 units have been sold over the last 6 months – and 1 unit now pending sale!

Buyer activity had slowed right down during March, April & May due to the Coronavirus  – and I am pleased to report that things are starting to pick up!

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