Ocean Summit Condos
Fort Lauderdale condos for sale here in Ocean Summit offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
Currently there are 7 condos for sale – 4 x 2 bedroom units and 3 x 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 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!
Key Statistics for Buyers / Sellers
- Condos for Sale
Prices from $239,000 – $425,000
- Median List Price $299,900
– 1 Bedroom Units $277,450
– 2 Bedroom Units $385,000
- 4 Sales Last 6 Months – all 2 Bedroom Units
- Median Sales Price $418,000
- Sales to List Price 96%
- Days on Market 16 Days
Condos for Sale
The market analysis report for the 7 x Ocean Summit condos for sale is presented below.
|High||2 / 2||1,190||$425,000|
|Low||1 / 1||N/A||$239,000|
|Med||1 / 1||1,190||$299,900|
We can see from this report that the median price for Fort Lauderdale condo for sale in Ocean Summit $299,900
We can also see that the lowest price unit is offered for sale for $239,000 and the most expensive unit is offered for sale here $425,000.
Important to note is that the median price for a 1 bedroom unit is $277,450 and the median price for a 2 bedroom unit is $385,000.
Buying / Selling?
Let Me Help You – Call Me Today!
Kevin Wirth – Realtor
There has been no new listings here in Ocean Summit Fort Lauderdale in the last 30 days.
Pending & Recent Sales
Here are the reports for pending sales and sales of condo over the last 6 months.
There is currently 1 condo pending sale here on Ocean Summit.
The market analysis report for this unit is presented below
|2 / 2||1,100||$438,000||$398|
We can see from this report that a 2 bedroom unit unit 1506 is pending sale. Unit 1506 was offered for sale for $438,000 – this 1100 square foot condo had a list price to square foot price of $398.00
This South Side condo offered beautiful ocean views with hurricane impact windows, a washer/dryer in unit and a 1 year old A/c.
The unit is completely furnished right down to the pots & pans
Unit 1506 had 217 days on market!
Sales Last 6 Months
There have been 3 x Fort Lauderdale condos sold in Ocean Summit over the last 6 months.
The market analysis report for these sales is presented below.
|High||2 / 2||1,190||$420,000|
|Low||2 / 2||1,100||$410,000|
|Median||2 / 2||1,145||$418,000|
We can see from this report that the median price for a condo sold in Ocean Summit has been $418,000
In our last report for Feb/March the median price for a condo sold in Ocean Summit was $420,000
Both the average and median prices in this and our last report are based on 2 bedroom 2 bathroom condos
Square Foot Prices
Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Ocean Summit over the last 6 months.
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 $362.00
Important to note is the highest price paid at $373.00
% 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
We can see from this report that both the average and median sales price to list price for Fort Lauderdale Condos sold here in Ocean Summit has been 96%
This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $450,000 – then based on median sales data the Condo would sell for 96% of that amount or $432,000.
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|
We can see from this report that the average days on market for a Fort Lauderdale Condo for Sale in Ocean Summit is just 21 days
More importantly is the median days on market at just 16 days – which is very fast and indicates strong demand for condos for sale in this complex.
Days on market is the time from when the Condo was listed for sale till the Condo sold AND closed
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
|2 / 2||1,100||$362,500||$261|
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 $418,000 for sales over the last 6 months is well up by comparison to $362,500.
I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit
Kevin Wirth Realtor