View from a direct oceanfront Fort Lauderdale condo for sale here in Ocean Summit

Ocean Summit Condos

Ocean Summit Condos
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 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!

Superb beach views from this Galt Ocean Mile condo for sale here in the Ocean Summit condominium in Fort Lauderdale
Look at the superb beach views from this Galt Ocean Mile condo for sale here in the Ocean Summit condominium in Fort Lauderdale

Key Statistics for Buyers / Sellers

  • Condos for Sale
    Prices from $239,000 – $425,000

Median Prices

  • 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

Ocean Summit
Condos for Sale

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

 $$ Beds/Baths SF/FF List Price
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.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
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View Galt Ocean Mile New Listings

Ocean Summit
New Listings

There has been no new listings here in Ocean Summit Fort Lauderdale in the last 30 days.

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

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 is currently 1 condo pending sale here on Ocean Summit.

The market analysis report for this unit is presented below

Beds/Baths SF/FF List Price LP$/SqFt
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!

Ocean Summit
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.

 $$ Beds/Baths SF/FF Sale Price
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
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 $373
Low $351
Median $362

 

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

 $$ SP$/LP$
Average 96%
Median 96%

 

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
Average 21
Median 16

 

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

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 

Beds/Baths SF/FF Sale Price SP$/SqFt
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.

Kevin Wirth Realtor

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

Kevin Wirth Realtor


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