View Fort Lauderdale oceanfront condo for sale Ocean Riviera Galt Ocean Mile

Ocean Riviera Condos

Ocean Riviera Condos
Fort Lauderdale

Welcome to our June / July 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 8 condos currently for sale in this great direct oceanfront complex – 2 of these are new listings

There have been 3 sales in the last 6 months – and 3 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 6 months!

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

Key Statistics for Buyers / Sellers

  • Prices from $274,000 – $519,900

Pricing Guide

  • Median List Price $474,950
    – 2 bedroom 2 bathroom unit

Median Sales Prices

  • Last 6 Months $328,000
    – 2 bedroom 2 bathroom unit
  • Sales Price to Square Foot Price $255.00
  • Median Sales to List Price 95%
  • Days on Market 295 Days

Ocean Riviera
Condos for Sale

The following market report is for the 8 x Fort Lauderdale oceranfront condos for sale in the Ocean Riviera Fort Lauderdale

In our last post on Riviera Condos for Sale for April / May 2017 there were 10 units for sale!

$$ BEDS / BATHS LA LP$
Min 1 / 1 1076 $274,000
Max 2 / 2 1656 $519,900
Avg 2 / 2 1500 $441,713
Median 2 / 2 1656 $474,950

We can see from the market report that the median price for a unit currently for sale is $474,950  – this being based on a 2 bedroom 2 bathroom unit of 1656 square feet with a list price to square foot price of $299.00 – down from our last 2 posts!

In our last post the median price for a unit for sale was $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 $519,900 and the lowest priced unit is offered for sale for $274,000.

View Riviera condominium Galt Ocean Mile Fort Lauderdale
View 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
Min $254.00
Max $330.00
Avg $294.00
Median $299.00

What we can see from this report is the spread of prices from $254.00 – $330.00 with the median at $299.00 per square foot.

In our last post the median list price to square foot price was $295.00

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 LA LP$ LP$/SqFt
1 / 1 1076 $314,500 $292.00
2 / 2 1656 $487,450 $299.00

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

  • 1 Bedroom Ocean Riviera condos for sale is $314,500 – this being for a 1 Bedroom 1 Bathroom 1076 square foot unit with a list price to square foot price of $292.00.  In our last post the median for 1 Bedroom Ocean Riviera condos for sale was lower at $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.
  • 2 Bedroom Ocean Riviera condos for sale is $487,450 – this being for a 2 Bedroom 2 Bathroom 1656 square foot unit with a list price to square foot price of $299.00.  In our last post the median for 2 Bedroom Ocean Riviera condos for sale was higher at $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.
View Fort Lauderdale oceanfront condo kust listed for sale Riviera Galt Ocean Mile
View Fort Lauderdale oceanfront condo just listed for sale Riviera Galt Ocean Mile

Ocean Riviera
New Condo Listings

There have been 2 new listings of condos for sale here in Ocean Riviera in the last 30 days

In our last post there 3 new listings of Riviera condos for sale!

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

CONDO BEDS / BATHS LA LP$
Unit 906 2 / 2 1656 $515,000
Unit 904 1 / 1 1076 $355,000

We can see from this report that

Unit 906 a 2  bedroom Riviera condo has just been listed for sale for $515,000 – this being a 2 bedroom 2 bathroom 1656 square foot condo with a list price to square foot price of $311.00

This Galt Ocean Mile condo for sale is an “Amazingly Renovated” corner unit, with spectacular ocean views and marble flooring through out. The unit has a modern kitchen with stainless steel appliances and granite counter tops and a small office area.   Other features include: a spacious dining and living rooms, lots of natural day light, impact windows and a master bedroom with a walking in closet and bathroom with shower and tub. 

Unit 904 a 1  bedroom Riviera condo has just been listed for sale for $355,000 – this being a 1 bedroom 1 bathroom 1076 square foot condo with a list price to square foot price of $330.00

This Galt Ocean Mile condo for sale is a “Beautiful” large condo with ocean view and spacious balcony with a South East exposure! This 1 bedroom 1.5 bathroom unit has just completed a remodel that includes a brand new kitchen, new flooring, and new bathrooms.  Other features include: hurricane impact doors and windows and a washer and dryer inside the hallway closet.

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

 

Look at the views from this oceanfront condo pending sale in Riviera - Unit 1502
Look at the views from this oceanfront condo pending sale in Riviera – Unit 1502

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 6 months below.

Ocean Riviera Condos
Pending Sales

There are currently 3 units pending sale here in Ocean Riviera

In our last post there were 2 units pending sale – both 1 bedroom condos!

Our market summary report for these 3 units is presented below:

CONDO BEDS / BATHS LA LP$
Unit 1502 2 / 2 1575 $497,000
Unit 1405 2 / 2 1575 $435,000
Unit 303 1 / 1 1076 $244,900

We can see from this report that a :

Unit 1502 a 2  bedroom Riviera condo listed for sale for $497,000 is now pending sale  – 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 pending sale offers ocean views from every room and the unit has a South East exposure!   The unit features: a spacious living room, crown molding, high impact windows and a remodeled kitchen with granite counter tops and stainless steel appliances.  The condo has large bedrooms, the master has an en-suite, a dressing area and a walk in closet. There are wood floors throughout the condo!

Unit 1405 a 12 bedroom Riviera condo listed for sale for $435,000 is now pending sale – this being a 2 bedroom 2 bathroom 1575 square foot condo with a list price to square foot price of $276.00

This Galt Ocean Mile condo for sale offers stunning ocean and city views. This unit has it all: impact windows, an updated kitchen with wood cabinetry, a new A/C in 2016 and recently renovated balconies!   The condo has crown molding, plantation shutters in living room and spacious bedrooms.

Unit 303 a 1  bedroom Riviera condo listed for sale for $244,900 is now pending sale – this being a 1 bedroom 1 bathroom 1076 square foot condo with a list price to square foot price of $228.00

This Galt Ocean Mile condo for sale is a large 1 bedroom 1.5 bathroom unit with a South East exposure and great ocean and pool views.  The unit features a spacious balcony, impact windows throughout and there is a washer and dryer in the unit. 

View Galt Ocean Mile condo recently sold in Ocean Riviera - Unit 1608
View Galt Ocean Mile condo recently sold in Ocean Riviera – Unit 1608

Ocean Riviera
Sales Last 6 Months

There have been 3 sales of condos here in Ocean Riviera in the last 6 months,

The market analysis report for these sales is presented below.

$$ BEDS / BATHS LA SP$
Min 1 / 1 1076 $275,000
Max 2 / 2 1656 $410,000
Avg 1 / 1 1269 $337,666
Median 1 / 1 1076 $328,000

We can see from this report that the average sales price for a Galt Ocean Mile condo in Riviera has been $337,666  – this being for a 1076 square foot 1 bedroom 1 bathroom unit.

We can see from this report that the median sales price for a condo sold here in Riviera over the last 6 months has been $328,000  – this being for a 1076 square foot 1 bedroom 1 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 6 months.

$$ SP$/SqFt
Min $248.00
Max $305.00
Avg $269.00
Median $255.00

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 6 months has been $255.00

We can also see that the highest square foot price paid has been $305.00

% 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$/LP$
Min 92%
Max 96%
Avg 94%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in The Riviera  has been 95% 

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 95% of its list price or $380,000!

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 6 months.

$$ DOM
Min 118
Max 309
Avg 240
Median 295

We can see from this report that the median days on market Fort Lauderdale condo for sale in The Riviera over the last 6 months has been 295 days or just under 10 months!

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 6 months here in Ocean Riviera

CONDO BEDS / BATHS LA SP$
Unit 1406 2 / 2 1656 $410,000
Unit 1608 1 / 1 1076 $328,000
Unit 409 1 / 1 1076 $275,000

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 1406 a 2 bedroom 2 bathroom condo which sold for $410,000!

Unit 1406 sold for 96% of list price and had 295 days on market!

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 8 condos for sale – some of which offer outstanding value and views!

Sales over the last 6 months have been slow with just 3 units sold – so it is great to see 3 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