Ocean Summit
Galt Ocean Mile Condos
2020 Pricing Guide
Welcome to our January 2020 / February 2020 pricing guide for Ocean Summit Galt Ocean Mile condos for sale 4010 Galt Ocean Drive Fort Lauderdale Florida.
Fort Lauderdale condos for sale here in Ocean Summit offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
Search Ocean Summit Condos for Sale
Currently there are 3 condos for sale here in Ocean Summit – 2 of which are new listings.
There have been 4 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, 2 and 3 bedrooms units over the last 6 months!
We also compare recent sales trends in Ocean Summit – Important information for both buyers and sellers!
Ocean Summit
Galt Ocean Mile – Key Statistics
Ocean Summit Condominium Apartments, Condominium complex in Fort Lauderdale, Florida
Address: 4010 Galt Ocean Dr, Fort Lauderdale, FL 33308
Condos for Sale
- Prices from $309,900 – $425,000
Median Prices
- Median List Price $329,000
– 1 Bedroom 1 Bathroom Unit
- 4 Sales Last 6 Months
- Median Sales Price $331,250
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $298.00
- Sales to List Price 89%
- Days on Market 91 Days
Ocean Summit
Condos for Sale
There are 3 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.
Our market analysis report for these 3 units is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 850 | $309,900 |
| Max | 2 / 2 | 1,290 | $425,000 |
| Avg | 1 / 1 | 1,027 | $354,633 |
| Median | 1 / 1 | 940 | $329,000 |
We can see from this report that the average price for Fort Lauderdale condo for sale in Ocean Summit is $354,633 – this being for a 2 bedroom 2 bathroom unit!
We can also see that the median price for Fort Lauderdale condo for sale in Ocean Summit is $329,000 – this being for a 2 bedroom 2 bathroom unit!
In our last post the median price for Fort Lauderdale condo for sale in Ocean Summit was higher at $385,000 – this being for a 2 bedroom 2 bathroom unit!
In our prior post the median price for Fort Lauderdale condo for sale in Ocean Summit was higher at $417,000 – this being for a 2 bedroom 2 bathroom unit!
Given the low level of inventory – a useful gauge of pricing for Ocean Summit condos for sale is to review median list prices by bedroom – which we do below.
Median List Prices
By Bedroom
Here is our market summary report for median list prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 895 | $319,450 | $357.00 |
| 2 / 2 | 1,290 | $425,000 | $329.00 |
We can see from this report that the median price for:
- 1 Bedroom Ocean Summit Galt Ocean Mile condos for sale is $319,450 – this being for a 1 bedroom 1 bathroom unit of 895 square feet with a list price to square foot price of $357.00 – In our last post there were no 1 bedroom ocean summit condos for sale. In our prior post the median price for 1 bedroom condos was lower at $289,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $340.00
- 2 Bedroom Ocean Summit Galt Ocean Mile condos for sale is $425,000 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a list price to square foot price of $329.00 – In our last post the median price for 2 bedroom condos was lower at $385,000 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a list price to square foot price of $329.00
- There are currently no 3 Bedroom Ocean Summit Galt Ocean Mile condos for sale – However in our last post when 3 bedroom units were for sale the median price for a 3 bedroom unit was $655,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $431.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
Email: kevinsellsmore @gmail.com
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Ocean Summit
New Listings
There have been 2 new listings of Ocean Summit Galt Ocean Mile condos for sale over the last 30 days
Our market analysis report for these units is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 207 | 1 / 1 | 940 | $329,000 |
| Unit 809 | 1 / 1 | 850 | $309,900 |
We can see from this report that:
Unit 207 a 1 bedroom Ocean Summit condo has just been listed for sale for $329,000 – this 1 bedroom 1 bathroom 940 square foot unit has a list price to square foot price of $350.00
Unit 207 offers beautiful ocean views from the balcony and bedroom!
This Galt Ocean Mile condos is being sold fully furnished, except for personal items.
Unit 809 a 1 bedroom Ocean Summit condo has just been listed for sale for $309,900 – this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $365.00
Unit 809 offers gorgeous South-Side ocean views!
This Galt Ocean Mile condos allows you to enjoy the sun all winter long on your patio.
Ocean Summit
Pending & Recent Sales
Here are the reports for pending sales and sales of condo over the last 6 months.
Ocean Summit
Pending Sales
There are currently no condos pending sale here in Ocean Summit Galt Ocean Mile – This is the same as in our last post!
Ocean Summit
Sales Last 6 Months
There have been 4 x Fort Lauderdale oceanfront condo sold in Ocean Summit over the last 6 months
This is up from 3 x Ocean Summit condos sold over the preceding 6 months as in our last post for July 2019 / August 2019!
The market analysis report for these 4 sales is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 1,100 | $256,000 |
| Max | 2 / 2 | 1,300 | $417,000 |
| Avg | 2 / 2 | 1,230 | $333,875 |
| Median | 2 / 2 | 1,290 | $331,250 |
We can see from this report that the average sales price for a condo sold in Ocean Summit over the last 6 months has been $333,875 – this being for a 2 bedroom 2 bathroom unit of 1230 square feet.
We can also see that that median price for a condo sold in Ocean Summit over the last 6 months has been $331,250 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet
In our last post the median price for a condo sold in Ocean Summit over the preceding 6 months was higher at $417,000 – this being for a 2 bedroom 2 bathroom unit of 1410 square feet
Median Sales Prices
By Bedroom
Here is our market summary report showing median sales prices by bedroom for Ocean Summit Galt Ocean Mile condos sold over the last 6 months!
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 850 | $256,000 | 301.00 |
| 2 / 2 | 1,290 | $335,000 | $298.00 |
We can see from this report that the median sales price for:
- 1 Bedroom Ocean Summit condos sold over the last 6 months has been $256,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a sales price to square foot price of $301.00 – In our last post the median for 1 Bedroom Ocean Summit condos sold over the preceding 6 months was the same at $256,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a sales price to square foot price of $301.00
- 2 Bedroom Ocean Summit condos sold over the last 6 months has been $335,000 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a sales price to square foot price of $298.00 – In our last post the median for 2 Bedroom Ocean Summit condos sold over the preceding 6 months was higher at $417,000 – this being for a 2 bedroom 2 bathroom unit of 1300 square feet with a sales price to square foot price of $321.00
- There have been no 3 Bedroom Ocean Summit condos sold over the last 6 months – In our last post the median for 3 Bedroom Ocean Summit condos sold over the preceding 6 months was $606,000 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a sales price to square foot price of $399.00
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Ocean Summit condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $260.00 |
| Max | $321.00 |
| Avg | $293.00 |
| Median | $298.00 |
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 $298.00 per square foot – this is down from $360.00 as per our last post!
Also important to note is the highest square foot price paid at $321.00!
% Sales to List Price
An important real estate indicator is how much are buyers are paying for Ocean Summit Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 87% |
| Max | 100% |
| Avg | 91% |
| Median | 89% |
We can see from this report that the median sales price to list price for condos sold here in Ocean Summit has been 89% – this is well down from 99% in our last post!
This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $500,000 – then based on MLS median sales data the condo could be expected to sell for 89% of that amount or $445,000.
Days on Market
Days on market for Ocean Summit Galt Ocean Mile condos for sale is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.
Here is the market analysis report for Days on Market based on Condo sales over the last 6 months.
| DOM | |
| Min | 38 |
| Max | 379 |
| Avg | 150 |
| Median | 91 |
We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 91 days or just over 3 months – this is down from 150 days or around 5 months as in our last post!
Days on market is the time from when the Condo was listed for sale till the Condo sold AND closed
Ocean Summit Club
Condo Sales Itemized
Here is the data for each of the condos sold over the last 6 months here in Ocean Summit!
| BEDS / BATHS | LA | SP$ | |
| Unit 1102 | 2 / 2 | 1,300 | $417,000 |
| Unit 801 | 2 / 2 | 1,290 | $335,000 |
| Unit 602 | 2 / 2 | 1,100 | $327,500 |
| Unit 815 | 1 / 1 | 850 | $256,000 |
We can see from this report the details for both the condos sold – including the most expensive sale over the last 6 months, which was for Unit 1102 a 2 bedroom unit which sold for $417,000.
Unit 1102 is a 2 bedroom 2 bathroom 1,300 square foot direct oceanfront condo and sold with a sales price to square foot price of $321.00
Unit 1102 sold for 100% of its list price and had 379 days on market or just over 1 year!
My Thoughts / Summary
Ocean Summit Galt Ocean Mile condos for sale are units set in a great complex set right on the beach here on Galt Mile in Fort Lauderdale.
We currently have a relatively low inventory of units for sale with just 3 units for sale – 2 of which are new listings.
Despite such low inventory – sales have been strong over the last few months with 4 recent sales!
I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit
Kevin Wirth Realtor
.