Ocean views from one of the Ocean Club condos for sale Fort Lauderdale

Ocean Club Condos

Ocean Club Condos
Fort Lauderdale

Weclome to our February / March 2016 post on Ocean Club condos for sale.

Search Ocean Club Condos for Sale

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

There are currently 8 condos for sale in the complex – of which 4 are new listings! 

3 units are currently pending sale and there have been 4 closed sales over the last 6 months

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!

Key Statistics for Buyers / Sellers
  • Prices from $229,000 to $735,000 
  • Median List Price $474,725
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $760,000
     – 3 Bedroom 2 Bathroom Unit
  • Median Sales to List Price 97%
  • Days on Market 8 Days
Ocean Club condominium here on Galt Ocean Mile
Ocean Club condominium here on Galt Ocean Mile

Ocean Club
Condos for Sale

Currently there are 8 x Galt Ocean Mile condos for sale here in Ocean Club  – this is the same number of condos for sale as in our last post for December 2015 / January 2016!

The market analysis report for Ocean Club Condos Fort Lauderdale is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,907 $735,000
Low 0 / 1 665 $229,000
Avg 2 / 2 1,537 $491,088
Med 2 / 2 1,596 $474,725


We can see from this report that the median price for a condo for sale here in Ocean Club is $474,725
 – this being for a 2 bedroom 2 bathroom unit.

It is important to note how median prices for Ocean Club condos for sale have risen over the last few months – up by over 15% or $74,725!

In our earlier post for October / November 2015 the median price for a condo for sale here in Ocean Club is $470,000 – this being for a 2 bedroom 2 bathroom unit.

View of the roof top pool here at Ocean Club Fort Lauderdale
View of the roof top pool here at Ocean Club Fort Lauderdale

Ocean Club
Prices by Bedroom

Currently there are the median prices by bedroom based on all units currently for sale.

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 665 $229,000 $344
2 / 2 1,596 $449,950 $303
3 / 2 1,751 $557,125 $318


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

  • a Studio unit currently for sale is $229,000 – this being for a studio unit of 665 square feet with a list price to square foot price of $344.00 – the median price is the last as in our last post!
  • 2 Bedroom units currently for sale is $449,950 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet with a list price to square foot price of $303.00 – In our last post the median for 2 bedroom units for sale was $459,994 – this being for a 2 bedroom 2 bathroom unit of 1583 square feet with a list price to square foot price of $291.00
  • 3 Bedroom units currently for sale is $562,369 – this being for a 3 bedroom 2 bathroom unit of 1751 square feet with a list price to square foot price of $321.00 – In our last post the median for 3 bedroom units for sale was $562,369 – this being for a 3 bedroom 2 bathroom unit of 1751 square feet with a list price to square foot price of $321.00
View condo just listed for sale here at Ocean Club
View condo just listed for sale here at Ocean Club

Ocean Club
New Listings – Last 30 Days

There have been 4 new listings in Ocean Club Fort Lauderdale over the last 30 days – this is up from 3 new listings in our last post!

The market analysis report for these new listings is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,722 $735,000
Low 2 / 2 1,596 $425,000
Avg 2 / 2 1,639 $552,500
Med 2 / 2 1,620 $525,000

We can see from this report that the median price for a new listing is $525,000 – this being for a 2 bedroom 2 bathroom unit of 1620 square feet with a list price to square foot price of $316.00

Views North West corner penthouse just listed for sale
Views North West corner penthouse just listed for sale – Unit 1801

Important to note is that in the new listings is Unit 1801
a Penthouse condo on the North West corner.

This 2 bedroom / 2 bathroom unit has 10′ ceilings and recently remodeled flooring, kitchen and bathrooms.

 The unit offers “stunning” views of the Intracoastal, city and ocean from all the rooms!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

 

Views from one of the 2 bedroom Ocean Club condos pending sale
Views from one of the 2 bedroom Ocean Club condos pending sale

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 3 condos pending sale here in Ocean Club – this is up from just 1 unit pending sale as per our last post!

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,907 $674,988
Low 2 / 2 1,356 $299,900
Avg 2 / 2 1,651 $469,963
Med 2 / 2 1,690 $435,000


We can see from this report that all the units currently pending sale are 2 bedroom units.

We can also see the the median price for unit pending sale is $435,000this being for a 2 bedroom 2 bathroom unit of 1690 square feet.

What is important to note with the units pending sales is the range of prices – from a low of $299,900 to a high of $674,988 – this reflects the units condition  / updates and its location in the complex or stack.

Ocean Club
Condo Sales – Last 6 Months

There have been 3 condos sold here in Ocean Club over the last 6 months – this is down from 4 sales as in our last post!

The market analysis report for these units is presented below

Condo  Beds/Baths SF/FF Sale Price
Unit 112 3 / 2 2,345 $800,000
Unit1212 3 / 2 2,345 $760,000
Unit1501 2 / 2 1,645 $385,000
Average 3 / 2 2,111 $648,333
Median 3 / 2 2,345 $760,000


We can see from this report that the average price for a unit sold in Ocean Club has been $648,333 and the median price is $760,000 –
this being for a 3 bedroom 2 bathroom unit

In our last post the average price for a unit unit sold in Ocean Club was $468,125 and the median price was $438,750 – this being for a 2 bedroom 2 bathroom unit.

It is very important to note that this months median is based on the sales of 3 bedroom condos – while lasts months median was based on the sales of 2 bedroom condos.

Sales Price to
Square Foot Price

A very 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 the last 6 months is presented below.

$$  SP$/SqFt
Avg $300
Med $324


We can see from this report that the median price paid per square foot for a condo sold over the last 6 months has been $324.00 – this is well up from the $267.00 per square foot paid in our last post!

% Sales to List Price

Another important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in Ocean Club – 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$/LP$
Avg 97%
Med 97%


We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  has been 97%

It is important to note that this is up from 96% in our last post which in turn was up from 94% and then 92% in our prior posts!

This means if a Fort Lauderdale condo for sale here in Ocean Club is listed at $400,000 – then based on median sales data the condo could be expected to sell for 97% of that amount or $388,000.

Days on Market

Days on market for Condos for Sale in Ocean Club is an 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.

$$  Days on Market
Avg 36
Med 8

 

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Ocean Club is 36 days – this is up slightly from 34 days in our last post!

Again however it is very important to note the  median days on market at just 8 days – very fast!

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

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Club is a great complex set right on the sand here on Galt Ocean Mile.

Units for sale are spacious by comparision to many other Galt Ocean Mile condos for sale – and this really sets them apart.

I personally think that Galt Ocean condos for sale have been under valued and now we are seeing a catch-up as the market see”s the value in these superb “direct oceanfront” Fort Lauderdale condos for sale.

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