Views from a Fort Lauderdale condo for sale here at Ocean Summit

Ocean Summit Condos Fort Lauderdale

Ocean Summit Condos for Sale
Galt Ocean Mile

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Ocean Summit is a wonderful Galt Ocean Mile condominium.

Currently there are 8 condos for sale  – 4 x 2 bedroom units and 4 x 1 bedroom units.

1 units is a new listings – a 1 bedroom condo.

There have been 5 sales of condos 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 and 2 bedrooms units over the last 6 months!

We also compare recent sales trends in Ocean Summit to 2014 sales. Important information for both buyers and sellers!

Views from a condo recently sold here in Ocean Summit on Galt Ocean Mile
Views from a condo recently sold here in Ocean Summit here on Galt Ocean Mile

Ocean Summit Condos for Sale

The market analysis report for the 8 x Ocean Summit condos for sale is presented below.

Pricing  #Beds #FBaths SF/FF List Price LP$/SqFt
High 2 2 1,190 $438,000 $398
Low 1 1 1,100 $255,000 $302
Median 1.5 1.5 1,145 $329,900 $354

 

We can see from this report that the median price for Galt Ocean Mile condo for sale in Ocean Summit  $329,900 

We can also see that the lowest price unit is offered for sale for $255,000 and the most expensive unit is offered for sale here $438,000.

Important to note is that the median price for a 1 bedroom unit is $292,450 and the median price for a 2 bedroom unit is $405,000.

 

Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth – Realtor
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Ocean Summit
New Listings

There has been just 1 new listing here in Ocean Summit Fort Lauderdale in the last 30 days.

The market analysis report for this condo is presented below.

#Beds #FBaths SF/FF List Price LP$/SqFt
1 1 0 $299,900 $0

 

We can see from this report that the new listing aq 1 bedroom unit is offered for sale for $299,900 – which is just above the median price for all 1 bedroom units currently for sale at $292,450.

Direct South East ocean views makes this “Beachside”condo” a special choice for oceanfront living!   The unit is on the sunny south side and has a large balcony to enjoy the southeast breezes and ocean views.    

The unit is offered for sale fully furnished. 

This condo has a washer and dryer, impact windows and balcony door.

View of Ocean Summit here on Galt Ocean Mile
View of Ocean Summit here on Galt Ocean Mile

Ocean Summit Condos Fort Lauderdale
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 on Ocean Summit.

Ocean Summit – Sales Last 6 Months

There have been 5 condos sold in Ocean Summit over the last 6 months.

The market analysis report for these sales is presented below.

 Pricing #Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
High 3 2 1,625 $570,000 $373 98.35 213
Low 2 2 1,100 $410,000 $351 94.25 7
Average 2 2 1,383 $477,600 $357 95.98 77
Median 2 2 1,405 $420,000 $352 95.67 41

 

We can see from this report that the average price for a condo sold in Ocean Summit has been $477,600 and the median price has been $420,000.

In our last report for Dec/Jan the average price for a condo sold in Ocean Summit has been $485,000 and the median price has been $455,000.

Both the average and median prices in this and our last report are based on 2 bedroom 2 bathroom condos 

Note the median sales price to square foot price at $352.00 – just up from our last report when it was $351.00

Also important to note is the median sales price to list price at 95.67% and the median days on market at just 41 days – this is the time from when the unit was listed for sale till the unit sold and closed.

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Sales prices over the last 6 months for condos here in Ocean Summit have been on the rise.

Here is the median sales price summary report for all sales in 2014 

2014  #Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
Median 2 2 1,100 $362,500 $261 95.64 58.5

 

We can see that the median for all sales in 2014 was $362,500 – this being for a 2 bedroom 2 bathroom unit with a sales price to square foot price of $261.00

The median at $420,000 for the last 6 months is well up by comparison to $362,500.

I hope you have enjoyed my post on Ocean Summit Fort Lauderdale Condos for Sale Fort Lauderdale – Kevin Wirth Realtor.