View Galt Ocean Mile condo for sale in Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale

Ocean Summit Condos

Ocean Summit
Galt Ocean Mile Condos

Welcome to my May 2019 / June 2019 post on Ocean Summit Galt Ocean Mile condos for sale Fort Lauderdale.

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

 

Search Ocean Summit Condos for Sale

 

Currently there are 3 condos for sale here in Ocean Summit – 1 of which is a new listing.

There have been 4 sales over the last 6 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 both 1, 2 and 3 bedrooms units over the last 6 months!

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

Ocean Summit
Galt Ocean Mile – Key Statistics
Ocean Summit Condominium Apartments, Condominium complex in Fort Lauderdale, Florida
Address: 4010 Galt Ocean Dr, Fort Lauderdale, FL 33308

Condos for Sale

  • Prices from $289,000 – $615,000

Median Prices 

  • 4 Sales Last 6 Months
  • Median Sales Price $230,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Sq Ft Price $266.00
  • Sales to List Price 89%
  • Days on Market 99 Days
View Galt Ocean Mile condominium Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale
View Galt Ocean Mile condominium Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale

Ocean Summit
Condos for Sale

There are just 3 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

The number of Ocean Summit condos for sale this month is down from the 4 x Ocean Summit for February 2019 / March 2019!

Our market analysis report for these 3 units is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $289,000
Max 3 / 2 1,520 $615,000
Avg 2 / 2 1,410 $441,000
Median 2 / 2 1,410 $419,000

We can see from this report that the average price for Fort Lauderdale condo for sale in Ocean Summit is $441,000 – this being for a 2 bedroom 2 bathroom unit!

We can also see that the median price for Fort Lauderdale condo for sale in Ocean Summit is $419,000 – this being for a 2 bedroom 2 bathroom unit!

In our last post the median price for Fort Lauderdale condo for sale in Ocean Summit was higher at $427,559 – this being for a 2 bedroom 2 bathroom unit!

Given the low level of inventory – a useful gauge of pricing for Ocean Summit condos for sale is to review median list prices by bedroom – which we do below.

Median List Prices
By Bedroom

Here is our market summary report for median list prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 850 $289,000 $340.00
2 / 2 1,300 $419,000 $322.00
3 / 2 1,520 $615,000 $405.00

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

  • 1 Bedroom Ocean Summit condos for sale  is $289,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $340.00 – In our last post the median price was higher at $325,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $382.00
  • 2 Bedroom Ocean Summit condos for sale is $419,000 – this being for a 2 bedroom 2 bathroom unit of 1300 square feet with a list price to square foot price of $322.00 – In our last post the median price was higher at $427,559 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a list price to square foot price of $359.00
  • 3 Bedroom Ocean Summit condos for sale is $615,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $405.00 – In our last post the median price was higher at $655,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $431.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337

Email: kevinsellsmore @gmail.com

Click here to email me now

Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

View Galt Ocean Mile condo just listed for sale Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Unit 815
View Galt Ocean Mile condo just listed for sale Ocean Summit 4010 Galt Ocean Drive # 815

Ocean Summit
New Listings

There has been 1 new listing of a Ocean Summit Galt Ocean Mile condo for sale over the last 30 days

In our last 3 posts there were no new listings!

Our market analysis report of this condo is presented below.

CONDO BEDS / BATHS LA LP$
Unit 815 1 / 1 850 $289,000

We can see from this report that Unit 815 a 1 bedroom Ocean Summit condo has just been listed for sale for $289,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $340.00

Unit 815 is a beautifully upgraded condo right on the sand!

This Galt Ocean Mile condo for sale features: Porcelain tile floors, open concept living, crown and floor moldings and a Washer/dryer in unit!

Watch the sunrise and sunset from your balcony! 

View Galt Ocean Mile condo pending sale Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Unit 414
View Galt Ocean Mile condo pending sale Ocean Summit 4010 Galt Ocean Drive  # 414

Ocean Summit
Pending & Recent Sales

Here are the reports for pending sales and sales of condo over the last 6 months.

Ocean Summit
Pending Sales

There is currently 2 condos pending sale here in Ocean Summit Galt Ocean Mile – This is up from 1 unit pending sales as in our last post!

Our market analysis report for these units is presented below:

CONDO BEDS / BATHS LA LP$
Unit 414 2 / 2 1,100 $335,000
Unit 409 1 / 1 850 $325,000

We can see from this report that:

Unit 414 a 2 bedroom Ocean Summit condo listed for sale for $335,000 is now pending salethis 2 bedroom 2 bathroom 1100 square foot unit has a list price to square foot price of $305.00

This Galt Ocean Mile condo is the lowest priced 2 Bedroom / 2 Bath Oceanfront condo on Fort Lauderdale Beach!

This condo is turn-key unit just waiting for your personal finishes.

Unit 409 a 1 bedroom Ocean Summit condo listed for sale for $325,000 is now pending salethis 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $382.00

This Galt Ocean Mile condo is a beautiful unit on the beach and has been totally redone and furnished with top of the line everything.

The unit features: remote shades, ceiling fans and wall mounted flat screen TVs!

View Galt Ocean Mile condo recently sold Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Unit 309
View Galt Ocean Mile condo recently sold Ocean Summit 4010 Galt Ocean Drive # 309

Ocean Summit
Sales Last 6 Months

There have been 4 x Fort Lauderdale oceanfront condo sold in Ocean Summit over the last 6 months

This is the same number of Ocean Summit condos sold over the preceding 6 months as in our last post for February 2019 / March 2019!

The market analysis report for these 4 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 850 $217,000
Max 2 / 2 1,100 $300,000
Avg 1 / 1 935 $244,250
Median 1 / 1 895 $230,000

We can see from this report that the average sales price for a condo sold in Ocean Summit over the last 6 months has been $244,250 – this being for a 1 bedroom 1 bathroom unit of 935 square feet.

We can also see that that median price for a condo sold in Ocean Summit over the last 6 months has been $230,000 – this being for a 1 bedroom 1 bathroom unit of 895 square feet

In our last post the median price for a condo sold in Ocean Summit over the preceding 6 months was lower at $275,000 – this being for a 1 bedroom 1 bathroom unit of 1020 square feet

Note:  the highest price paid for a unit sold at $300,000 – this being for a 2 bedroom unit!

Median Sales Prices
By Bedroom

Here is our market summary report showing median sales prices by bedroom for Ocean Summit Galt Ocean Mile condos sold over the last 6 months!

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 850 $220,000 $259.00
2 / 2 1,100 $300,000 $273.00

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

  • The 3 x 1 Bedroom Ocean Summit condos sold over the last 6 months has been $220,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a sales price to square foot price of $259.00
  • The 1 x 2 Bedroom Ocean Summit condo sold over the last 6 months has been $300,000 – this being for a 2 bedroom 2 bathroom unit of 1100 square feet with a sales price to square foot price of $273.00

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Ocean Summit condos sold over the last 6 months.

SP$/SqFt
Min $231.00
Max $282.00
Avg $261.00
Median $266.00

We can see from this report that the median price paid per square foot for a condo sold in this complex over the last 6 months has been $266.00 per square foot – down from $269.00 in our last post and well down from $297.00 as in our prior post!

Also important to note is the highest square foot price paid at $282.00!

% Sales to List Price

An important real estate indicator is how much are buyers are paying for Ocean Summit Galt Ocean Mile condos for sale – 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 85%
Max 95%
Avg 89%
Median 89%

We can see from this report that the median sales price to list price for condos sold here in Ocean Summit  has been 89%

It is important to note that this is well down from 93% as in our last post!

This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $400,000 – then based on MLS median sales data the condo could be expected to sell for 89% of that amount or $356,000.

Days on Market

Days on market for Ocean Summit Galt Ocean Mile condos for sale is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.

Here is the market analysis report for Days on Market based on Condo sales over the last 6 months.

DOM
Min 8
Max 99
Avg 48
Median 43

We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been just 43 days – well down from 105 days as 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 Summit Club
Condo Sales Itemized

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

CONDO BEDS / BATHS LA SP$
Unit 701 2 / 2 1,100 $300,000
Unit 1015 1 / 1 850 $240,000
Unit 309 1 / 1 850 $220,000
Unit 616 1 / 1 940 $217,000

We can see from this report the details for both the condos sold – including the most expensive sale over the last 6 months, which was for Unit 701 a 2 bedroom unit which sold for $300,000.

Unit 701 is a 2 bedroom 2 bathroom 1100 square foot direct oceanfront condo and it sold with a sales price to square foot price of $273.00

Unit 701 sold for 86% of its list price and had 99 days on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Summit Galt Ocean Mile condos for sale are units set in a great mid-century modern complex right on the beach here on Galt Mile in Fort Lauderdale.

Inventory of condos for sale is very low – but we have a mix of 1, 2 and 3 bedroom units for sale.

I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit

Kevin Wirth Realtor


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