Pool views from a Fort Lauderdalle 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 6 condos for sale – one of which is a new listing.

2 units are currently under contract and are pending sale and there have been 3 sales 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!

Key Statistics for Buyers / Sellers

  • Condos for Sale
    Prices from $245,826 – $425,000

Median Prices

  • Median List Price $334,450
     – 1 Bedroom 1 Bathroom Unit 
  • 3 Sales Last 6 Months 
  • Median Sales Price $329,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales to List Price 91%
  • Days on Market 147 Days
Views from a condo for sale here in Ocean Summit Fort Lauderdale
Views from a condo for sale here in Ocean Summit Fort Lauderdale

Ocean Summit
Condos for Sale

The market analysis report for the 6 x Ocean Summit condos for sale is presented below – which is up from the 3 units as per our last post on Ocean Summit condos for sale for May / June

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,190 $425,000
Low 1 / 1 850 $245,826
Avg 1 / 1 962 $334,121
Med 1 / 1 905 $334,450


We can see from this report that the median price for Fort Lauderdale condo for sale in Ocean Summit  $334,450 
 – which is up nearly $35,000 from our last report.

In our last post the median price for a condo for sale was $299,900

We can also see that the lowest price unit is offered for sale for $245,826 and the most expensive unit is offered for sale here $425,000.

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 / 1 870 $287,450 $293
2 / 2 1,190 $407,500 $357

 

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

  • 1 Bedroom units is $287,450this being for a 1 bedroom 1 bathroom unit of 870 square feet with a list price to square foot price of $293.00
  • 2 Bedroom units is $407,500 this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $357.00

 

Kevin Wirth Fort Lauderdale Realtor

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

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Ocean Summit
New Listings

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

The market analysis report for this unit is presented below

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,190 $425,000 $357

 

We can see from this report that a 2 bedroom 2 bathroom unit has just been listed for sale – this condo, unit 1012 is offered for sale for $425,000.

This condo is a corner unit with panoramic views – and as such is one of the most sought after units in Ocean Summit.

The condo has beautiful porcelain floors, new bathroom vanities and an open kitchen with beautiful built-in cabinetry in dining area.

The unit has impact windows and a washer/dryer.

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 2 condos pending sale here on Ocean Summit.

The market analysis report for these units is presented below

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,190 $379,000
Low 1 / 1 850 $279,826


We can see from this report that:

  • A 2 bedroom 2 bathroom condo is pending sale – this 1190 square foot condo was offered for sale for $379,000.
  • A 1 bedroom 1 bathroom condo is pending sale – this 850 square foot condo was offered for sale for $279,826

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 $400,000
Low 1 / 1 1,100 $216,000
Avg 2 / 2 1,145 $315,000
Med 2 / 2 1,145 $329,000


We can see from this report that the median price for a condo sold in Ocean Summit has been 
$329,000 – which is down from our last 2 reports 

In our last report for May / June the median price for a condo sold in Ocean Summit was $409,000

In our last report for March / April the median price for a condo sold in Ocean Summit was $420,000 

Both the average and median prices in this and our last 2 reports 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 $364
Low $276
Avg $320
Med $320


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 $320.00.

Again it is important to note that this is down from our last 2 reports:

  • In our May ‘ June report the median was $357.00
  • In our March / April report the median was $362.00

% 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 88%
Med 91%


We can see from this report that the median sales price to list price for condos sold here in Ocean Summit  has been 91%

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 would sell for 91% of that amount or $364,000.

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 168
Med 147


We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 147 days – or just under 5 months!

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

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

The median sales price summary report for all sales in 2014 presented below shows us that the median sales price to square foot price for all sales in 2014 was $261.00 

Beds/Baths SP$/SqFt
2 / 2 $261

 

Despite the declines from $362.00 to $357.00 and now to $320.00 – I am confident that median prices will soon start to rise.

We have seen sales of units is less desirable stacks and also of units in need of updating – this has impacted on median prices over the last few months.

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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