View Fort Lauderdale Oceanfront condo for sale Ocean Club Galt Ocean Mile

Ocean Club Condos

Ocean Club Condos
Fort Lauderdale

Weclome to our June / July 2017 post on Ocean Club condos for sale Fort Lauderdale.

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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 10 condos for sale in the complex – of which 4 are new listings (all new listings are 2 bedroom units)

There have been 4 closed sales over the last 6 months – (all 2 bedroom units)

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 $249,900 to $899,900 
  • Median List Price $499,500
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $445,000
     – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $254.00
  • Sales to List Price 95%
  • Days on Market 62 Days

 

Look at the views from this oceanfront condo for sale in Ocean Club on Galt Ocean Mile
Look at the views from this oceanfront condo for sale in Ocean Club on Galt Ocean Mile

Ocean Club
Condos for Sale

Currently there are 10 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 on Ocean Club Condos for sale for April / May 2017

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

$$ BEDS / BATHS LA   LP$
Min 1 / 1 1200 $249,900
Max 3 / 3 2345 $899,900
Avg 2 / 2 1753 $541,560
Median 2 / 2 1610 $499,500

We can see from this report that the median price for a condo for sale here in Ocean Club is $499,500 – this being for a 2 bedroom 2 bathroom unit.

In our last post for April / May 2017 the median price for a condo for sale here in Ocean Club was $481,500 – this being for a 2 bedroom 2 bathroom unit.

In our prior post for February / March 2017 the median price for a condo for sale here in Ocean Club was $514,000 – this being for a 2 bedroom 2 bathroom unit.

It is important to note that median prices for condos here in Ocean Club had been softening over the last few months – so it is nice to see them up this month!

Aerial view Ocean Club condominium Galt Ocean Mile Fort Lauderdale
Aerial view Ocean Club condominium Galt Ocean Mile Fort Lauderdale

Ocean Club
Prices by Bedroom

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

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1200 $249,900 $208.00
2 / 2 1596 $481,500 $287.00
3 / 2 2332 $875,000 $375.00


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

  • 1 Bedroom Ocean Club condos for sale is $249,900 – this being for a studio unit of 1,200 square feet with a list price to square foot price of $208.00.  In our last post the median for 1 bedroom Ocean Club condos for sale unit currently for sale was the same at $249,900 – this being for a studio unit of 1,200 square feet with a list price to square foot price of $208.00.
  • 2 Bedroom Ocean Club condos for sale is units currently for sale is $481,500 – this being for a 2 bedroom 2 bathroom unit of 1596 square feet with a list price to square foot price of $287.00 – In our last post the median for 2 bedroom Ocean Club condos for sale was lower at $429,999 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet with a list price to square foot price of $284.00
  • 3 Bedroom Ocean Club condos for sale is units currently for sale is $875,450 – this being for a 3 bedroom 2 bathroom unit of 2332 square feet with a list price to square foot price of $375.00 – In our last post the median was higher at $907,450 – this being for a 3 bedroom 2 bathroom unit of 2345 square feet with a list price to square foot price of $388.00
View Galt Ocean Mile direct oceanfront condo just listed for sale in Ocean Club
View Galt Ocean Mile direct oceanfront condo just listed for sale in Ocean Club

Ocean Club
New Listings – Last 30 Days

There have been 4 new listing of Galt Ocean Mile condos for sale here in Ocean Club over the last 30 days – All 2 bedroom units! 

There was 1 new listing in our last post – a 3 bedroom unit!

The market analysis report for these 4 new listings is presented below.

$$ BEDS / BATHS LA LP$
Min 2 / 2 1596 $464,000
Max 2 / 2 1907 $539,000
Avg 2 / 2 1680 $500,500
Median 2 / 2 1610 $499,500


We can see from this report that the average price for a new listing of a Ocean Club condo for sale is $500,500 – this being for a 2 bedroom 2 bathroom unit of 1680 square feet with a list price to square foot price of $298.00

We can also see that the median list price for a new listing is $499,500this being for a 2 bedroom 2 bathroom unit of 1610 square feet with a list price to square foot price of $299.00

Kevin Wirth Fort Lauderdale Realtor

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

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View 2 bedroom Galt Ocean Mile condo recently sold Ocean Club
View 2 bedroom Galt Ocean Mile condo recently sold Ocean Club Fort Lauderdale!

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 are currently no Ocean Club condo condos pending sale  – this is the same as in our last post!

Ocean Club
Condo Sales – Last 6 Months

There have been 4 condos sold here in Ocean Club over the last 6 months – all 2 bedroom units!

This is down from 6 units sold over the preceding 6 months as in our last post for February / March 2017!

The market analysis report for these units is presented below

$$ BEDS / BATHS LA SP$
Min 2 / 2 1356 $299,000
Max 2 / 2 1907 $529,000
Avg 2 / 2 1691 $429,500
Median 2 / 2 1751 $445,000

We can see from this report that the average price for a unit sold in Ocean Club has been $429,500 and the median price is $445,000 – this being for a 2 bedroom 2 bathroom unit

In our last post the average price for a unit sold in Ocean Club was $442,750 and the median price was the same at $445,000 – this being for a 2 bedroom 2 bathroom unit

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
Min $220.00
Max $277.00
Avg $252.00
Median $254.00

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 $254.00

In our last post for April / May 2017 the median was much the same at $255.00 per square foot! 

% Sales to List Price

Another important real estate indicators that is important to note is how much  buyers are paying for 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$/LP$
Min 93%
Max 95%
Avg 94%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  has been 95%  – the same as in our last post but up from 94% in our prior post and 92% in our earlier post!

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 95% of that amount or $380,000.

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.

$$ DOM
Min 5
Max 370
Avg 124
Median 62

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Ocean Club is 124 days

Again however it is very important to note the  median days on market at 62 days – up from 52 days 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 condominium Galt Ocean Mile Fort Lauderdale
Ocean Club condominium Galt Ocean Mile Fort Lauderdale

Ocean Club
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Ocean Club

CONDO BEDS / BATHS LA SP$
Unit 1106 2 / 2 1907 $529,000
Unit 1806 2 / 2 1907 $475,000
Unit 1104 2 / 2 1596 $415,000
Unit 602 2 / 2 1356 $299,000

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 1106 a 2 bedroom condo which sold for $529,000

Unit 1106 was a 2 bedroom 2 bathroom 1907 square foot unit and sold for $277.00 per square foot.

This condo sold for 95% if list price and had 63 days on market – just over 2 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Club is a great complex set right on the sand here on our famous Galt Ocean Mile!

Currently we have a great range of direct oceanfront condos for sale with 10 units for sale – from 1 bedroom units, 2 bedroom units and 3 bedroom units!

 

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