View from one of the Ocean Club condo for sale Fort Lauderdale

Ocean Club Condos

Ocean Club Condos
Fort Lauderdale

Weclome to our October / November 2016 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 8 condos for sale in the complex – of which 1 is a new listing – a 3 bedroom unit! 

1 units is currently pending sale and there have been 7 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 $199,000 to $924,500 
  • Median List Price $495,000
    – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $405,000
     – 2 Bedroom 2 Bathroom Unit
  • Median Sales to List Price 92%
  • Days on Market 183 Days
Terrace at an Ocean Club condo for sale here on Galt Ocean Mile in Fort Lauderdale
Terrace at an Ocean Club condo for sale here on Galt Ocean Mile in Fort Lauderdale

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 August / September 2016 AND in our prior post for May / June 2016!

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

 $$ Beds/Baths SF/FF List Price
High 3 / 2 2,345 $924,500
Low 0 / 1 665 $199,000
Avg 2 / 2 1,732 $476,731
Med 2 / 2 1,923 $495,000


We can see from this report that the median price for a condo for sale here in Ocean Club is $495,000
 – this being for a 2 bedroom 2 bathroom unit.

It is important to note the trend in median prices – which are down by nearly $45,000 since our May / June post! 

  • In our last post for August / September 2016 the median price for a condo for sale here in Ocean Club was $517,675 – this being for a 2 bedroom 2 bathroom unit.
  • In our prior post for May / June 2016 the median price for a condo for sale here in Ocean Club is $539,900 – this being for a 2 bedroom 2 bathroom unit.
Ocean Club condominium from the Galt Ocean Mile Beach
Ocean Club condominium from the Galt Ocean Mile Beach

Ocean Club
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 665 $199,000 $299
1 / 1 1,106 $249,900 $208
2 / 2 1,923 $540,000 $286


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

  • Studio Ocean Club condos for sale is $199,000 – this being for a studio unit of 665 square feet with a list price to square foot price of $299.00.  In our last post the median for Studio Ocean Club condos for sale unit currently for sale was the same at $199,000 – this being for a studio unit of 665 square feet with a list price to square foot price of $299.00
  • 1 Bedroom Ocean Club condos for sale is $249,900 – this being for a studio unit of 1,106 square feet with a list price to square foot price of $208.00.  In our last post there were no 1 bedroom Ocean Club condos for sale here on Galt Ocean Mile.
  • 2 Bedroom Ocean Club condos for sale is units currently for sale is $540,450 – this being for a 2 bedroom 2 bathroom unit of 1923 square feet with a list price to square foot price of $286.00 – In our last post the median for 2 bedroom Ocean Club condos for sale was slightly higher at $550,450 – this being for a 2 bedroom 2 bathroom unit of 1907 square feet with a list price to square foot price of $302.00
View from an Ocean Club condo just listed for sale - a 3 Bedroom Unit
View from an Ocean Club condo just listed for sale – a 3 Bedroom Unit

Ocean Club
New Listings – Last 30 Days

There have been 1 new listings in Ocean Club Fort Lauderdale over the last 30 days 

This is the same number of new listings as in our last post!

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

Beds/Baths SF/FF List Price LP$/SqFt
3 / 2 2,345 $924,500 $394


We can see from this report that a 3 bedroom condo has just been listed for sale for $924,500
this being for a 3 bedroom 2 bathroom unit of 2,345 square feet with a list price to square foot price of $394.00

This Luxury Galt Ocean Mile condo is a corner unit with direct ocean views and a large balcony.

The unit has floor to ceiling windows and is remodeled.  Features include: an open gourmet kitchen with custom made cabinets and built is stainless steel appliances.  

The unit has a washer/dryer.

Kevin Wirth Fort Lauderdale Realtor

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

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View Fort Lauderdale condo pending sale in Ocean Club - Unit 1104
View Fort Lauderdale condo pending sale in Ocean Club – Unit 1104

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 1 Ocean Club condo condo pending sale  – down from 3 pending sales as in our last post!

The market analysis report for this unit is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,725 $439,000 $275

We can see from this report that a 2 bedroom condo – Unit 1104 which was listed for sale for $439,000 is now pending sale – this unit is a 2 bedroom 2 bathroom unit of 1725 square feet with a list price to square foot price of $275.00.

This spacious unit has been totally redone and the kitchen has been opened up to living area.  The bathrooms are in top condition and unit has lots of closet space.

This condo has floor to ceiling windows throughout and offers views of the ocean and the Intracoastal!

Ocean Club
Condo Sales – Last 6 Months

There have been 7 condos sold here in Ocean Club over the last 6 months – this is up from 5 sales as in our last post!

The market analysis report for these units is presented below

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,089 $750,000
Low 2 / 2 1,514 $344,999
Avg 2 / 2 1,784 $460,114
Med 2 / 2 1,907 $405,000

We can see from this report that the average price for a unit sold in Ocean Club has been $460,114 and the median price is $405,000 – this being for a 2 bedroom 2 bathroom unit

These are both down from our last post!

In our last post the average price for a unit unit sold in Ocean Club was $512,000 and the median price was $443,000 – this being for a 2 bedroom 2 bathroom unit

Ocean Club
Sales Prices by Bedroom

These are the median sales prices by bedroom based on all units sold over the last 6 months.

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,751 $399,400 $232
3 / 2 1,907 $750,000 $393

We can see from this report that the median sales prices for:

  • 2 Bedroom Ocean Club Units was $399,400 – this being for a 2 bedroom 2 bathroom 1751 square foot unit with a sales price to square foot price of $232.00.  In our last post the median sales price for 2 Bedroom Ocean Club Units was higher at $435,000 – this being for a 2 bedroom 2 bathroom 1798 square foot unit with a sales price to square foot price of $249.00.
  • 3 Bedroom Ocean Club Units was $750,000 – this being for a 3 bedroom 2 bathroom unit of 1907 square feet with a sales price to square foot price of $393.00.  In our last post the median sales price for 3 Bedroom Ocean Club Units was the same at $750,000 – this being for a 3 bedroom 2 bathroom unit of 1907 square feet with a sales price to square foot price of $393.00

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
High $393
Low $212
Avg $259
Med $232


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 $232.00

This is well down from the $253.00 per square foot in our last post and $288 per square foot paid in our prior 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 101%
Med 92%


We can see from this report that the median sales price to list price for Fort Lauderdale condos here in Ocean Club  has been 92% – well down from 98% in our last 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 92% of that amount or $368,000.

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 165
Med 183

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Ocean Club is 165 days

Again however it is very important to note the  median days on market at 183 days – well up from 100 day in our last post – which in turn was well up from 57 days in our prior post!

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 our famous Galt Ocean Mile and currently we have a great range of direct oceanfront condos for sale

Over the last 6 months we have seen strong sales – especially of 2 bedroom units.  In fact 6 of the 7 recent sales over the last 6 months were for 2 bedroom units!

Ocean Club offers really spacious 1 & 2 bedroom units – many with great ocean views.  

Ocean Club prices for 1 and 2 bedroom units still offer real value for condos set right here on Galt Ocean Mile.

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