Pool views from one of the Ocean Summit condos for sale Fort Lauderdale

Ocean Summit Condos

Ocean Summit Condos
Fort Lauderdale

Welcome to my October / November 2016 post on Ocean Summit Condos for sale Fort Lauderdale.

Search Ocean Summit Condos for Sale

 

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

Currently there are 6 condos for sale. 

There have been 5 sales over the last 6 months and 2 homes are 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 and 2 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 $259,900 – $419,000

Median Prices

  • Median List Price $362,700
     – 2 Bedroom 2 Bathroom Unit 
  • 6 Sales Last 6 Months
  • Median Sales Price $382,500
    – 1 Bedroom Units $330,000

    – 2 Bedroom Units $382,500
    – 3 Bedroom Units $485,000
  • Sales to List Price 95%
  • Days on Market 167 Days
View of Ocean Summit condominium here on Galt Ocean Mile in Fort Lauderdale
View of Ocean Summit condominium here on Galt Ocean Mile in Fort Lauderdale

Ocean Summit
Condos for Sale

The market analysis report for the 6 x Ocean Summit condos for sale is presented below.

6 condos for sale is the same number of units for sale as in our last post for August  / September 2016 but is down from the 10 units as per our post on Ocean Summit condos for sale for May / June 2016!

Our market analysis report is presented below.

$$  Beds/Baths SF/FF List Price
High 2 / 2 1,300 $419,000
Low 1 / 1 850 $259,900
Avg 2 / 2 1,112 $346,320
Med 2 / 2 1,150 $362,700

We can see from this report that the median price for Fort Lauderdale condo for sale in Ocean Summit $362,700 – this being for a 2 bedroom 2 bathroom unit.

In our last post the median price for a condo for sale was $320,000 – this being for a 2 bedroom 2 bathroom unit.

While the median is down in this post it is important to note that in our prior post the median price for a condo for sale was $370,000 – this also being for a 2 bedroom 2 bathroom unit.

We can also see that the lowest price unit is offered for sale for $259,900 and the most expensive unit is offered for sale here $419,000.

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

Look at the superb views from this Ocean Summit condo for sale here on Galt Ocean Mile
Look at the superb views from this Ocean Summit condo for sale here on Galt Ocean Mile

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 / 1 850 $325,000 $374
2 / 2 1,300 $419,000 $349

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

  • 1 Bedroom units is $325,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $374.00 – Note in our last post the median price for 1 Bedroom units was much lower at $282,500 – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a list price to square foot price of $325.00
  • 2 Bedroom units 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 $349.00 – Note in our last post the median price for 2 Bedroom units was also much lower at $338,850 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $284.00

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

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth – Realtor
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos 
View Galt Ocean Mile New Listings

Ocean Summit
New Listings

There has been no new listings here in Ocean Summit over the last 30 days – In our last post there were also no new listings of Ocean Summit condos for sale over the prior 30 days!

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.

In our last post there were 4 units pending sale.

Our market analysis report for these condos pending sale is presented below.

Condo  Beds/Baths SF/FF List Price
Unit210 2 / 2 1,190 $314,900
Unit614 2 / 2 1,190 $299,777
Median 2 / 2 1,190 $307,339

We can see from this report that the median price for a unit pending sale is $307,339 – this being for a 2 bedroom 2 bathroom unit.

We can also see the details for both these units below:

View of unit 201 pending sale here in Ocean Summit

Unit 210 a 2 bedroom unit listed for sale for $314,900 is now pending salethis 2 bedroom 2 bathroom 1190 square foot home has a list price to square foot price of $265.00.  This unit offers great views from its open balcony.  The condo features: a built in entertainment center, tankless hot water heater and ceramic tile flooring throughout the living areas.  The unit has hurricane impact windows and doors.

Views from Unit 614 a condo pending sale in Ocean Summit

Unit 614 a 2 bedroom unit listed for sale for $299,777 is now pending salethis 2 bedroom 2 bathroom 1190 square foot home has a list price to square foot price of $252.00.  This unit needs a do-over, but it’s your chance to save big and do it your way!   You will love the great views from almost every room.  The balcony offers both city and ocean views. There is a washer & dryer in unit

Ocean Summit
Sales Last 6 Months

There have been 6 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 6 months – this is up from 5 units in our last post and 4 units sold as per 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 1 / 1 870 $330,000
Avg 2 / 2 1,219 $389,583
Med 2 / 2 1,190 $382,500

We can see from this report that the median price for a condo sold in Ocean Summit has been $382,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet – up from our last post! 

In our last post the median price for a condo sold in Ocean Summit over the prior 6 months was $365,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet.

Below we outline the median sales prices for both 1 bedroom,2 bedroom and 3 bedroom units sold here in Ocean Summit.

View Fort Lauderdale condo recently sold here in Ocean Summit
View 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
1 / 1 870 $330,000 $340
2 / 2 1,190 $382,500 $308
3 / 2 1,625 $485,000 $319

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

  • 1 Bedroom units sold has been $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.  In our last post the median price for 1 Bedroom units sold was much lower at $265,000 – this being for a 1 bedroom 1 bathroom unit of 870 square feet with a list price to square foot price of $304.00.
  • 2 Bedroom units sold has been $382,500 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $308.00.  In our last post the median price for 2 bedroom units sold was the same at $382,500 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $303.00
  • 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 there were no 3 bedroom units that had been sold!

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 $351
Low $299
Avg $321
Med $314

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 $314.00

In our last post the median price paid per square foot for a condo in this complex over the last 6 months was $303.00

% 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$/LP$
Avg 94%
Med 96%

We can see from this report that the median sales price to list price for condos sold here in Ocean Summit  has been 96%this is up from 95% 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 median sales data the Condo could be expected to sell for 95% of that amount or $380,000.

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
Avg 173
Med 155


We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 155 days – this is down from 167 days in our last post.

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

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 currently have some nice units for sale and we have had some great sales activity with 6 units sold and 2 units now pending sale.

It is good to see median prices on the rise – a strong indicator of the value to be had in this great direct oceanfront complex!

 

Kevin Wirth Realtor

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

Kevin Wirth Realtor


.