Ocean Summit
Galt Ocean Mile Condos
2021 Pricing Guide
Welcome to our December 2020 / January 2021 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 6 condos for sale here in Ocean Summit – 2 of which are a new listings
There have been 5 sales over the last 6 months – and 1 unit is currently pending sale
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 $310,000 – $389,000
Median Prices
- Median List Price $347,450
– 1 Bedroom 1 Bathroom Unit
- 5 Sales Last 6 Months
- Median Sales Price $325,000
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $346.00
- Sales to List Price 96%
- Days on Market 80 Days
Ocean Summit
Condos for Sale
There are 6 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida
Our market analysis report for these 6 units is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 850 | $310,000 |
| Max | 2 / 2 | 1,190 | $389,000 |
| Avg | 2 / 2 | 1,020 | $348,150 |
| Median | 1 / 1 | 1,020 | $347,450 |
We can see from this report that the average price for Galt Ocean Mile condo for sale in Ocean Summit is $348,150 – this being for a 2 bedroom 2 bathroom unit!
In our last post the average price for Galt Ocean Mile condo for sale in Ocean Summit was lower at $324,686 – 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 $347,450 – this being for a 1 bedroom 1 bathroom unit
In our last post the median price for Fort Lauderdale condo for sale in Ocean Summit was lower at $335,000 – this being for a 2 bedroom 2 bathroom unit!
Median List Prices
By Bedroom
Here is our market summary report for median list prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 850 | $315,000 | $367.00 |
| 2 / 2 | 1,190 | $380,000 | $336.00 |
We can see from this report that the median price for:
- 1 Bedroom Ocean Summit Galt Ocean Mile condos for sale is $315,000 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $367.00 – In our last post the median price for 1 bedroom condos was higher at $324,999 – this being for a 1 bedroom 1 bathroom unit of 850 square feet with a list price to square foot price of $382.00
- 2 Bedroom Ocean Summit Galt Ocean Mile condos for sale is $380,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $336.00 – In our last post the median price for 2 bedroom condos was lower at $354,900 – this being for a 2 bedroom 2 bathroom unit of 1145 square feet with a list price to square foot price of $318.00
- There are currently no 3 Bedroom Ocean Summit Galt Ocean Mile condos for sale – However in the 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 $431.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
Email: kevinsellsmore @gmail.com
Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings
Ocean Summit
New Listings
There have been 2 new listings of Ocean Summit Galt Ocean Mile condos for sale over the last 30 days
In our last post there were also 2 new listings – These were for Ocean Summit Unit 1615 & 916 both 1 bedroom condos
Our market analysis report for these 2 units is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 814 | 2 / 2 | 1,100 | $380,000 |
| Unit 207 | 1 / 1 | 940 | $345,000 |
We can see from this report that:
Unit 814 a 12 bedroom Ocean Summit condo has just been listed for sale for $380,000 – this 2 bedroom 2 bathroom 1100 square foot unit has a list price to square foot price of $345.00
Unit 814 IS A spacious, fully furnished oceanfront condo with an oversized balcony!
This Galt Ocean Mile condo for sale features: wood floors throughout the entire condo a washer/dryer and all new furniture which is included- move right in! This clean and well kept condo is ready for a new owner.
Unit 207 a 1 bedroom Ocean Summit condo has just been listed for sale for $345,000 – this 1 bedroom 1 bathroom 940 square foot unit has a list price to square foot price of $367.00
Unit 207 offers This unit is stylish and move-in and offers beautiful ocean views!
This Galt Ocean Mile condo for sale features: an updated kitchen with granite countertops, white kitchen cabinets with a fabulous zap of bling, updated bathrooms with white bathroom vanities with gray and white countertops.
Ocean Summit
Pending & Recent Sales
Here are the reports for pending sales and sales of condo over the last 6 months.
Ocean Summit
Pending Sales
There are currently 1 x Ocean Summit Galt Ocean Mile condo pending sale here in Ocean Summit Galt Ocean Mile
There was also 1 unit pending sale in our last post – this was Unit 1503 a 3 bedroom condo!
Our market analysis report for this unit is presented below:
| BEDS / BATHS | LA | LP$ | |
| Unit 703 | 3 / 2 | 1,520 | $635,000 |
We can see from this report that Unit 703 a 3 bedroom Ocean Summit condo listed for sale for $635,000 is now pending sale – this 3 bedroom 2 bathroom 1520 square foot unit has a list price to square foot price of $418.00
Unit 703 is a direct oceanfront corner unit that allows you to enjoy the ocean breeze and sounds of crashing waves and endless views of the Atlantic Ocean!
This Galt Ocean Mile condo features: Impact windows, an in unit washer and dryer and fully updated bathrooms. The kitchen boasts granite countertops and stainless steel appliances.
Ocean Summit
Sales Last 6 Months
There have been 5 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 6 months – this is well up from just 2 units sold over the preceding 6 months as in our last post!
The market summary report for these 5 sales is presented below:
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 850 | $294,500 |
| Max | 2 / 2 | 1,290 | $425,000 |
| Avg | 2 / 2 | 1,042 | $348,220 |
| Median | 2 / 2 | 1,100 | $325,000 |
We can see from this report that the average sales price for a Ocean Summit Galt Ocean Mile condo sold over the last 6 months has been $348,220 – this being for a 2 bedroom 2 bathroom unit.
We can also see from this report that the median sales price for a Ocean Summit Galt Ocean Mile condo sold over the last 6 months has been $325,000 – this also being for a 2 bedroom 2 bathroom unit.
Ocean Summit Condos
Sales Prices by Bedroom
Here is our summary report showing the median sales prices by bedroom for all of the Ocean Summit Galt Ocean Mile condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 1 / 1 | 860 | $308,050 | $358.00 |
| 2 / 2 | 1,100 | $375,000 | $295.00 |
We can see from this report that the median sales price for:
- 1 Bedroom Ocean Summit condos sold has been $308,050 – this being for a 1 bedroom 1 bathroom unit of 860 square feet with a sales price to square foot price of $370.00.
- 2 Bedroom Ocean Summit condos sold has been $375,000 – this being for a 2 bedroom 2 bathroom unit of 1100 square feet with a sales price to square foot price of $295.00.
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Ocean Summit condos sold over the last 6 months.
| SP$/SqFt | |
| Min | $291.00 |
| Max | $386.00 |
| Avg | $338.00 |
| Median | $346.00 |
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 $346.00 per square foot
Also important to note is the highest square foot price paid at $386.00!
% Sales to List Price
An important real estate indicator is how much are buyers are paying for Ocean Summit Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 94% |
| Max | 97% |
| Avg | 96% |
| Median | 96% |
We can see from this report that BOTH the average and median sales price to list price for 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 $500,000 – then based on MLS median sales data the condo could be expected to sell for 96% of that amount or $480,000.
Days on Market
Days on market for Ocean Summit Galt Ocean Mile condos for sale is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.
Here is the market analysis report for Days on Market based on Condo sales over the last 6 months.
| DOM | |
| Min | 19 |
| Max | 243 |
| Avg | 119 |
| Median | 80 |
We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 80 days or just under 3 months
Days on market is the time from when the Condo was listed for sale till the Condo sold AND closed
Ocean Summit Club
Condo Sales Itemized
Here is the data for each of the condos sold over the last 6 months here in Ocean Summit!
| BEDS / BATHS | LA | SP$ | |
| Unit 1402 | 2 / 2 | 1,100 | $425,000 |
| Unit 1010 | 2 / 2 | 1,290 | $375,000 |
| Unit 501 | 2 / 2 | 1,100 | $325,000 |
| Unit 308 | 1 / 1 | 870 | $321,600 |
| Unit 1009 | 1 / 1 | 850 | $294,500 |
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 1402 a 2 bedroom unit which sold for $425,000.
Unit 1402 is a 2 bedroom 2 bathroom 1,100 square foot direct oceanfront condo and sold with a sales price to square foot price of $386.00
Unit 1402 sold for 96% of its list price and had just 23 days on market or just over 3 weeks!
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 6 units for sale – a nice mix of 1, 2 and 3 bedroom units!
I am pleased to report that we have had 5 sales over the last 6 months with 1 unit also now pending sale!
Buyer activity and sales had been very slow over the first part of the year due in my mind largely to the Corona Virus!
I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit
Kevin Wirth Realtor
.