View Fort Lauderdale condos for sale Ocean Riviera

Ocean Riviera Condos

Ocean Riviera Condos
Fort Lauderdale

Welcome to our April / May 2017 post of Ocean Riviera condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Ocean Riviera are direct oceanfront units set right on the Galt Ocean Mile Beachfront.

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There are 10 condos currently for sale in this great direct oceanfront complex – 3 of these are new listings

There have been 8 sales in the last 12 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 12 months!

We also compare recent sales trends in The Riviera – Important information for both buyers and sellers!

Key Statistics for Buyers / Sellers

  • Prices from $289,000 – $599,000

Pricing Guide

  • Median List Price $487,940
    – 2 bedroom 2 bathroom unit

Median Sales Prices

  • Last 12 Months $330,450
  • Sales Price to Square Foot Price $298.00
  • Median Sales to List Price 93%
  • Days on Market 133 Days

Ocean Riviera
Condos for Sale

The following market report is for the 10 x Fort Lauderdale oceranfront condos for sale in the Ocean Riviera Fort Lauderdale

This is the same number of Riviera Condos for Sale as in our last post for February / March 2017

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,656 $599,000
Low 1 / 1 1,575 $289,000
Avg 2 / 2 1,620 $474,268
Med 2 / 2 1,656 $487,940

We can see from the market report that the median price for a unit currently for sale is $487,940  – this being based on a 2 bedroom 2 bathroom unit of 1656 square feet with a list price to square foot price of $295.00

In our last post the median price for a unit for sale was $488,940 – this being based on a 2 bedroom 2 bathroom unit of 1656 square feet with a list price to square foot price of $302.00

We can also see from this post that the highest priced unit is offered for sales for $599,000 and the lowest priced unit is offered for sale for $289,000.

View Ocean Riviera condominium Galt Ocean Mile Fort Lauderdale
View Ocean Riviera condominium Galt Ocean Mile Fort Lauderdale

Square Foot Prices
Condos for Sale

Here is our market summary report showing square foot prices for Fort Lauderdale Condos here in The Riviera

 $$ LP$/SqFt
High $380
Low $269
Avg $302
Med $295

What we can see from this report is the spread of prices from $269.00 – $380.00 with the median at $295.00 per square foot.

In our last post the median list price to square foot price was $308.00

Important to factor into these prices is the units condition, location in the building (stack) and views.

Ocean Riviera
Condo Median Prices

Here is the market summary report showing median prices by bedroom for condos here in the Riviera.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,074 $289,000 $269
2 / 2 1,656 $497,000 $301

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

  • 1 Bedroom Ocean Riviera condos for sale is $289,000 – this being for a 1 Bedroom 1 Bathroom 1074 square foot unit with a list price to square foot price of $269.00.  In our last post the median for 1 Bedroom Ocean Riviera condos for sale was higher at $304,450 – this being for a 1 Bedroom 1 Bathroom 1076 square foot unit with a list price to square foot price of $283.00.
  • 2 Bedroom Ocean Riviera condos for sale is $497,000 – this being for a 2 Bedroom 2 Bathroom 1656 square foot unit with a list price to square foot price of $301.00.  In our last post the median for 2 Bedroom Ocean Riviera condos for sale was higher at $509,450 – this being for a 2 Bedroom 2 Bathroom 1656 square foot unit with a list price to square foot price of $308.00.
View Fort Lauderdale condo just listed for sale Riviera Galt Ocean Mile
View Fort Lauderdale condo just listed for sale Riviera Galt Ocean Mile

Ocean Riviera
New Condo Listings

There have been 3 new listings of condos for sale here in Ocean Riviera in the last 30 days

In our last post there 2 new listings – both 2 bedroom units!

Our market summary report for these  new Galt Ocean Mile listings is presented below:

 Condo Beds/Baths SF/FF List Price
Unit1502 2 / 2 1,575 $497,000
Unit1007 2 / 2 1,656 $475,000
Unit 609 1 / 1 1,074 $289,000


We can see from this report that

Unit 1502 a 2  bedroom Riviera condo has just been listed for sale for $497,000 – this being a 2 bedroom 2 bathroom 1575 square foot condo with a list price to square foot price of $316.00

This Galt Ocean Mile condo for sale offers ocean views from every room.  The unit features: a spacious living room, crown molding, high impact windows, remodeled kitchen, granite counter tops, stainless steel appliances and large bedrooms.  There are wood floors throughout! 

Unit 1007 a 2  bedroom Riviera condo has just been listed for sale for $475,000 – this being a 2 bedroom 2 bathroom 1656 square foot condo with a list price to square foot price of $287.00

This Galt Ocean Mile condo for sale is an updated corner unit. The condo features walls of windows with spectacular ocean and city views. Both bathrooms are completely remodeled, there is a new A/C unit.  Other features include: a washer/ dryer in unit and Impact windows, doors!

Unit 609 a 1 bedroom Riviera condo has just been listed for sale for $289,000 – this being a 1 bedroom 1 bathroom 1074 square foot condo with a list price to square foot price of $269.00

This Galt Ocean Mile condo for sale is an a diamond in the rough waiting for you to add your finishing touches.

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 New Listings

 

Oceanfront views Galt Ocean Mile condo pending sale Riviera Unit 1608
Oceanfront views Galt Ocean Mile condo pending sale Riviera Unit 1608

Ocean Riviera
Pending & Recent Sales

We review and discuss the data for sales of Ocean Riviera Condos below – including pending sales and sales over the last 12 months below.

Ocean Riviera Condos
Pending Sales

There are currently 2 units pending sale here in Ocean Riviera

In our last post there was 1 unit pending sale – also a 1 bedroom condo!

Our market summary report for these units is presented below:

 Condo Beds/Baths SF/FF List Price
Unit1608 1 / 1 1,077 $349,000
Unit 409 1 / 1 1,076 $299,900


We can see from this report that a :

1 bedroom Riviera condo – Unit 1608 offered for sale for $349,000 is now pending sale.  This 1 bedroom 1 bathroom 1077 square unit has a list price to square foot price of $324.00

This Galt Ocean Mile condo is a beautiful unit with a nice ocean view.

The unit has just had a complete remodel and features: a brand new kitchen with new washer and dryer, new wine cooler, new heater, new kitchen cabinets.   \

1 bedroom Riviera condo – Unit 409 offered for sale for $299,900 is now pending sale.  This 1 bedroom 1 bathroom 1076 square unit has a list price to square foot price of $279.00

This Galt Ocean Mile condo has an open balcony and offers a North East ocean view.

The unit features: an open kitchen, new appliances and has been well maintained!

Oceanfront views condo for sale Riviera Galt Ocean Mile
Oceanfront views condo for sale Riviera Galt Ocean Mile

Ocean Riviera
Sales Last 12 Months

There have been 8 sales of condos here in Ocean Riviera in the last 12 months,

The market analysis report for these sales is presented below.

$$  Beds/Baths SF/FF Sale Price
High 2 / 2 1,650 $705,000
Low 1 / 1 1,076 $263,500
Avg 2 / 2 1,346 $395,550
Med 2 / 2 1,325 $330,450


We can see from this report that the median sales price for a Galt Ocean Mile condo in Riviera has been
$330,450  – this being for a 1325 square foot 2 bedroom 2 bathroom unit.

 

View from a Galt Ocean Mile condo recently sold here in Ocean Riviera
View from a Galt Ocean Mile condo recently sold here in Ocean Riviera

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in The Riviera over the last 12 months.

$$  SP$/SqFt
High $435
Low $190
Avg $300
Med $298

We can see from this report that the median sales price to square foot price paid for a The Riviera condo sold over the last 12 months has been $298.00

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Fort Lauderdale Condos for sale here in The Riviera – 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 93%
Med 93%


We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Riviera  has been 93% 

This means if the condo is listed for sale for $400,000 – then based on the median MLS prices it could be expected to sell for 93% of its list price or $372,000!

Days on Market

Days on market for Condos for Sale in The Riviera is an important indicator of demand for units in this complex.

Here is the market analysis report for Days on Market based on condo sales over the last 12 months.

$$  Days on Market
Avg 185
Med 133

We can see from this report that the median days on market Fort Lauderdale condo for sale in The Riviera over the last 12 months has been 133 days

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

Ocean Riviera
Condo Sales Itemized

Here is the data for each of the condos sold over the last 12 months here in Ocean Riviera

Condo  Beds/Baths SF/FF Sale Price
Unit2001 2 / 2 1,620 $705,000
Unit 905 2 / 2 1,650 $475,000
Unit 301 2 / 2 1,620 $470,000
Unit2008 1 / 1 1,076 $340,000
Unit2003 1 / 1 1,076 $320,900
Unit 103 2 / 2 1,575 $300,000
Unit 904 1 / 1 1,076 $290,000
Unit 508 1 / 1 1,076 $263,500

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 2001 a 2 bedroom 2 bathroom condo which sold for $705,000!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Riviera is a great mid century oceanfront complex set right on the beach here on Galt Ocean Mile.

We currently have a great range of units for sale with 10 condos for sale – some of which offer outstanding value and views!

Sales over the last 6 months have been slow – so it is great to see 2 units currently pending sale!

I hope you have enjoyed my Post on Fort Lauderdale condos for sale here in Ocean Riviera – By Kevin Wirth Realtor