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

Ocean Summit Condos

Ocean Summit
Galt Ocean Mile Condos

Welcome to my November 2019 / December 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 – all of which are 2 bedroom units.

There have been 3 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 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 $369,000 – $425,000

Median Prices

  • Median List Price $385,000
     – 2 Bedroom 2 Bathroom Unit 
  • 3 Sales Last 6 Months
  • Median Sales Price $417,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price to Sq Ft Price $360.00
  • Sales to List Price 99%
  • Days on Market 150 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 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 the same as in our last post on Ocean Summit for July 2019 / August 2019!

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

BEDS / BATHS LA LP$
Min 2 / 2 1,100 $369,000
Max 2 / 2 1,290 $425,000
Avg 2 / 2 1,227 $393,000
Median 2 / 2 1,290 $385,000

We can see from this report that the average price for Fort Lauderdale condo for sale in Ocean Summit is $393,000 – 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 $385,000 – 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 $417,000 – 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.

Pool view Galt Ocean Mile condominium Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale
Pool views from Galt Ocean Mile condominium Ocean Summit 4010 Galt Ocean Drive

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.

2 / 2 1,290 $385,000 $329.00

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

  • There are currently no 1 Bedroom Ocean Summit condos for sale In our last post the median price for 1 bedroom condos was $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
  • 2 Bedroom Ocean Summit condos for sale is $385,000 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a list price to square foot price of $329.00 – In our last post the median price for 2 bedroom condos was higher at $483,450 – this being for a 2 bedroom 2 bathroom unit of 1295 square feet with a list price to square foot price of $374.00
  • There are currently no 3 Bedroom Ocean Summit condos for sale However in our last post the median price for a 3 bedroom unit was $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
View Galt Ocean Mile condo just listed for sale Ocean Summit 4010 Galt Ocean Drive # 1010

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

Our market analysis report for this unit is presented below:

BEDS / BATHS LA LP$
Unit 1010 2 / 2 1,290 $425,000

We can see from this report that Unit 1010 a 2 bedroom Ocean Summit condo has just been listed for sale for $425,000 – this 2 bedroom 2 bathroom 1290 square foot unit has a list price to square foot price of $329,000

Unit 1010 is a South-Side condo that has been meticulously cared for.

The unit features: impact windows and balcony door, a garage parking space and offers ocean and city views from large balcony

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 are currently no condos pending sale here in Ocean Summit Galt Ocean Mile – This is down from 2 units pending sale as in our last post!

Ocean Summit
Sales Last 6 Months

There have been 3 x Fort Lauderdale oceanfront condo sold in Ocean Summit over the last 6 months

This is down from 4 x Ocean Summit condos sold over the preceding 6 months as in our last post for July 2019 / August 2019!

The market analysis report for these 3 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 850 $256,000
Max 3 / 2 1,520 $606,000
Avg 2 / 2 1,410 $426,333
Median 2 / 2 1,410 $417,000

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 $426,333 – this being for a 2 bedroom 2 bathroom unit of 1410 square feet.

We can also see that that median price for a condo sold in Ocean Summit over the last 6 months has been $417,000 – this being for a 2 bedroom 2 bathroom unit of 1410 square feet

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!

1 / 1 850 $256,000 301.00
2 / 2 1,300 $417,000 $321.00
3 / 2 1,520 $606,000 $399.00

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

  • 1 Bedroom Ocean Summit condos sold over the last 6 months has been $256,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a sales price to square foot price of $301.00 – In our last post the median for 1 Bedroom Ocean Summit condos sold over the preceding 6 months was lower at $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
  • 2 Bedroom Ocean Summit condos sold over the last 6 months has been $417,000 – this being for a 2 bedroom 2 bathroom unit of 1300 square feet with a sales price to square foot price of $321.00 – In our last post the median for 2 Bedroom Ocean Summit condos sold over the preceding 6 months was lower at $310,000 – this being for a 2 bedroom 2 bathroom unit of 1100 square feet with a sales price to square foot price of $282.00
  • 3 Bedroom Ocean Summit condos sold over the last 6 months has been $606,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a sales price to square foot price of $399.00 – There had been no 3 bedroom units sold in the preceding 6 months as per our last post!

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 $301.00
Max $399.00
Avg $360.00
Median $360.00

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 $360.00 per square foot

Also important to note is the highest square foot price paid at $399.00!

% 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 89%
Max 100%
Avg 96%
Median 99%

We can see from this report that the median sales price to list price for condos sold here in Ocean Summit  has been 99% this is well up from 92% in our last post!

This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $500,000 – then based on MLS median sales data the condo could be expected to sell for 99% of that amount or $495,000.

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 99
Max 379
Avg 209
Median 150

We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 150 days or around 5 months!

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

View Galt Ocean Mile condo recently sold Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale Unit 1503
View Galt Ocean Mile condo recently sold Ocean Summit 4010 Galt Ocean Drive # 1503

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!

Unit 1503 3 / 2 1,520 $606,000
Unit 1102 2 / 2 1,300 $417,000
Unit 850 1 / 1 850 $256,000

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 1503 a 3 bedroom unit which sold for $606,000.

Unit 1503 is a 3 bedroom 2 bathroom 1,520 square foot direct oceanfront condo and sold with a sales price to square foot price of $399.00

Unit 1503 sold for 99% of its list price and had 150 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 complex set right on the beach here on Galt Mile in Fort Lauderdale.

We currently have a low inventory of units for sale with just 3 units for sale – all of which are 2 bedroom condos!

Despite such low inventory – sales have been strong over the last few months with 3 recent sales!

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

Kevin Wirth Realtor


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