One from one of the Fort Lauderdale condos for sale Ocean Summit on Galt Ocean Mile

Ocean Summit Condos

Ocean Summit Condos
Fort Lauderdale

Welcome to my February / March 2017 post on Ocean Summit 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 7 condos for sale – 2 of which are new listings.

There have been 5 sales over the last 6 months and 2 units are currently pending sale – both 1 bedroom units!

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!

Key Statistics for Buyers / Sellers

  • Condos for Sale
    Prices from $255,900 – $489,000

Median Prices

  • Median List Price $342,000
     – 2 Bedroom 2 Bathroom Unit 
  • 5 Sales Last 6 Months
  • Median Sales Price $340,000
    – 2 Bedroom Units $322,500
    – 3 Bedroom Units $485,000
  • Sales Price to Sq Ft Price $309.00
  • Sales to List Price 97%
  • Days on Market 116 Days

Ocean Summit
Condos for Sale

The market analysis report for the 7 x Ocean Summit condos for sale Fort Lauderdale is presented below.

7 Ocean Summit condos for sale is down from the 9 units as per our post on Ocean Summit condos for sale for December 2016 / January 2017!

Our market analysis report is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,290 $489,000
Low 1 / 1 940 $255,900
Avg 2 / 2 1,151 $362,329
Med 2 / 2 1,190 $342,500

We can see from this report that the median price for Fort Lauderdale condo for sale in Ocean Summit $342,500 – this being for a 2 bedroom 2 bathroom unit.

In our last post the median price for a condo for sale was $335,000 – this being for a 2 bedroom 2 bathroom unit.

In our prior post the median price for a condo for sale was $362,700 – this being for a 2 bedroom 2 bathroom unit.

We can also see that the lowest price unit is offered for sale for $255,900 and the most expensive unit is offered for sale here $489,000.

An important guage of pricing for Ocean Summit condos for sale is to view prices by bedroom – which we do below.

View of Ocean Summit condominium here on Galt Ocean Mile Fort Lauderdale
View of Ocean Summit condominium here on Galt Ocean Mile Fort Lauderdale

Median Prices
By Bedroom

Here is our market summary report for median prices by bedroom for condos currently for sale here in Ocean Summit.

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 940 $267,950 $285
2 / 2 1,190 $365,000 $304

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

  • 1 Bedroom units is $267,950 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $285.00 – Note in our last post the median price for 1 Bedroom units was over $24,000 higher at $292,450 – this being for a 1 bedroom 1 bathroom unit of 895 square feet with a list price to square foot price of $340.00
  • 2 Bedroom units is $365,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $304.00 – Note in our last post the median price for 2 Bedroom units was the same at $365,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $304.00

Note: There are currently no 3 bedroom Ocean Summit condos for sale!

Kevin Wirth Fort Lauderdale Realtor

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

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Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

 

View from a Galt Ocean Mile condo just listed for sale in Ocean Summit
View from a Galt Ocean Mile condo just listed for sale in Ocean Summit

Ocean Summit
New Listings

There has been 2 new listings here in Ocean Summit over the last 30 days – In our last post there was also 2 new listings of Ocean Summit condos for sale over the prior 30 days!

Our Market Analysis Report for these new listings is presented below:

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,290 $489,000 $379
1 / 1 940 $255,900 $272

We can see from this report that a:

2 Bedroom Ocean Summit condo has just been listed for sale for $489,000this 2 bedroom 2 bathroom 1290 square foot unit has a list price to square foot price of $379.00

This Galt Ocean Mile condo for sale offers gorgeous South East views from every room in this 2 bedroom 2 bathroom penthouse.   The unit has an open and bright kitchen with beautiful cabinetry and granite counters. There is hi-end molding through-out with cove lighting in living/dining areas. 

1 Bedroom Ocean Summit condo has just been listed for sale for $255,900this 1 bedroom 1 bathroom 940 square foot unit has a list price to square foot price of $272.00

This Galt Ocean Mile condo is a 15th Floor unit facing north with breathtaking views of the beach and skyline.   This condo is a very well kept 1/1.5 unit with a spacious balcony, impact windows and plenty of natural light.   The unit is being offered fully furnished!

View Fort Lauderdale oceanfront condo pending sale Ocean Summit - Unit 715
View Fort Lauderdale oceanfront condo pending sale Ocean Summit – Unit 715

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 2 units pending sale here in Ocean Summit – both of these are 1 bedroom units!

In our last post there were no units pending sale!

Our market analysis report for these 2 units pending sales is presented below

Condo  Beds/Baths SF/FF List Price
Unit 715 1 / 1 850 $259,900
Unit 416 1 / 1 940 $245,000

We can see from this report that:

Unit 715 a 1 Bedroom Ocean Summit condo listed for sale for $259,900 is now pending salethis 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $306.00

Unit 715 has a large balcony with ocean views.  This Galt Ocean Mile condo features: a beautiful built-in wall unit that incorporates a Murphy bed for additional sleeping.   There is tile throughout and an updated kitchen and bathroom.

Unit 416 a 1 Bedroom Ocean Summit condo listed for sale for $245,000 is now pending salethis 1 bedroom 1 bathroom 940 square foot unit has a list price to square foot price of $261.00

Unit 416 is in immaculate condition and ready for some remodeling to make it a special choice for beach living.   This Galt Ocean Mile condo features impact windows and balcony door.   The units large balcony has an ocean view. 

View from a Galt Ocean Mile condo recently sold in Ocean Summit - Unit 1710
View from a Galt Ocean Mile condo recently sold in Ocean Summit – Unit 1710

Ocean Summit
Sales Last 6 Months

There have been 5 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 6 months – this is down from 7 units in our last post and 6 units in our prior post!

The market analysis report for these sales is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 1,625 $485,000
Low 2 / 2 1,100 $278,000
Avg 2 / 2 1,303 $356,600
Med 2 / 2 1,245 $340,000

We can see from this report that the median price for a condo sold in Ocean Summit has been $340,000 – this being for a 2 bedroom 2 bathroom unit of 1245 square feet – down from our last post! 

In our last post the median price for a condo sold in Ocean Summit over the prior 6 months was $382,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet

Below we outline the median sales prices for both 2 bedroom and 3 bedroom units sold here in Ocean Summit.

View Fort Lauderdale condo recently sold here in Ocean Summit
View from a direct oceanfront Fort Lauderdale condo recently sold here in Ocean Summit

Median Sales Prices
By Bedroom

Here is our market summary report showing median sales prices by bedroom for condos sold here in Ocean Summit over the last 6 months.

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,190 $322,500 $283
3 / 2 1,625 $485,000 $319

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

  • 1 Bedroom units sold – there have been no 1 bedroom units sold over the last 6 months based on MLS data.  In our last post the median price for 1 Bedroom units sold was $330,000 – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a list price to square foot price of $340.00
  • 2 Bedroom units sold has been $322,500 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $283.00.  In our last post the median price for 2 bedroom units sold was higher at $340,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $299.00.
  • 3 Bedroom units sold has been $485,000 – this being for a 3 bedroom 2 bathroom unit of 1625 square feet with a list price to square foot price of $319.00.  In our last post the median sales price was the same!

Square Foot Prices
Condos Sold

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

 $$ SP$/SqFt
High $319
Low $234
Avg $286
Med $309

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 $309.00

In our last post the median price paid per square foot for a condo in this complex over the last 6 months was also $309.00

% Sales to List Price

An important real estate indicator is how much are buyers are paying for Fort Lauderdale Condos for sale here in Ocean Summit – 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$/LP$
High 97%
Low 93%
Avg 95%
Med 97%

We can see from this report that the median sales price to list price for condos sold here in Ocean Summit  has been 97%this is up from 94% 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 94% of that amount or $388,000.

Days on Market

Days on market for Condos for Sale in Ocean Summit 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.

 $$ Days on Market
High 143
Low 15
Avg 103
Med 116


We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 116 days – this is down from 135 days in our last post which in tuem was down from 155 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

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 SF/FF Sale Price
Unit 803 3 / 2 1,625 $485,000
Unit1710 2 / 2 1,300 $375,000
Unit 310 2 / 2 1,100 $340,000
Unit 210 2 / 2 1,190 $305,000
Unit 614 2 / 2 1,100 $278,000

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 803 a 3 bedroom 2 bathroom condo which sold for $485,000!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Summit is a great complex set right on the sand here on Galt Ocean Mile in Fort Lauderdale.

We have a good range of units for sale – with 7 units for sale.

There are currently some well priced oceanfront units too!

Sales activity and prices have remained strong over the last 6 months – which reflects the demand for Galt Ocean Mile condos in this great complex!

 

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

Kevin Wirth Realtor


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