Ocean Summit
Galt Ocean Mile Condos
Welcome to my December 2017 / January 2018 post on Ocean Summit Galt Ocean Mile condos for sale Fort Lauderdale.
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, 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, 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 $250,000 – $450,000
Median Prices
- Median List Price $324,000
– 1 Bedroom 1 Bathroom Unit
- 3 Sales Last 6 Months
- Median Sales Price $322,200
– 2 Bedroom 2 Bathroom Unit - Sales Price to Sq Ft Price $269.00
- Sales to List Price 95%
- Days on Market 145 Days
Ocean Summit
Condos for Sale
The market analysis report for the 6 x Ocean Summit condos for sale Fort Lauderdale is presented below
Which in turn was up from 3 condos for sale as in our post for August / September 2017!
Our market analysis report for these 6 units is presented below.
| BEDS / BATHS | LA | LP$ | |
| Min | 1 / 1 | 940 | $250,000 |
| Max | 2 / 2 | 1290 | $450,000 |
| Avg | 1 / 1 | 1083 | $329,667 |
| Median | 1 / 1 | 1065 | $324,000 |
We can see from this report that the median price for Fort Lauderdale condo for sale in Ocean Summit $324,000 – this being for a 1 bedroom 1 bathroom unit.
Another useful gauge of pricing for Ocean Summit condos for sale is to view prices by bedroom – which we do below.
Median Prices
By Bedroom
Here is our market summary report for median prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 1 / 1 | 940 | $275,000 | $293.00 |
| 2 / 2 | 1200 | $355,000 | $296.00 |
We can see from this report that the median price for:
- 1 Bedroom Ocean Summit condos for sale is $275,000 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $293.00 – In our earlier post when 1 bedroom units were offered for sale the median price for 1 Bedroom units was $25,000 less at $250,000 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $266.00
- 2 Bedroom Ocean Summit condos for sale is $355,000 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a list price to square foot price of $296.00 – Note in our last post the median price for 2 Bedroom units was $55,000 more at $410,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a list price to square foot price of $357.00
- Currently there are no 3 Bedroom Ocean Summit condos for sale is – However in our last post when 3 bedroom units were offered for sale the median price for 3 Bedroom units was $529,500 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $348.00
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337
Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings
Ocean Summit
New Listings
There has been no new listings of Ocean Summit Galt Ocean Mile condos for sale over the last 30 days
In our last post there was 1 new listing – Unit 514 which was listed for sale for $395,000 – this 2 bedroom 2 bathroom 1290 square foot unit has a list price to square foot price of $306.00
Ocean Summit
Pending & Recent Sales
Here are the reports for pending sales and sales of condo over the last 6 months.
Ocean Summit
Pending Sales
There are currently no units pending sale here in Ocean Summit –
In our last post for October / November 2017 there were 2 units pending sale, Unit 614 and Unit 412 – both 2 bedroom units!
Ocean Summit
Sales Last 6 Months
There have been just 3 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 6 months – well down from our last 2 posts!
In our last post for October / November 2017 there had been 6 x Ocean Summit condos sold over the preceding 6 months!
In our prior post for August / September 2017 there had been 7 x Ocean Summit condos sold over the preceding 6 months!
The market analysis report for these 3 sales is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 2 / 2 | 1190 | $300,000 |
| Max | 2 / 2 | 1290 | $450,000 |
| Avg | 2 / 2 | 1226 | $357,400 |
| Median | 2 / 2 | 1200 | $322,200 |
We can see from this report that the average sales price for a condo sold in Ocean Summit has been $357,400 – this being for a 2 bedroom 2 bathroom unit of 1226 square feet.
We can also see that that median price for a condo sold in Ocean Summit has been $322,200 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet
In our last post the median price for a condo sold in Ocean Summit over the preceding 6 months was over $30,000 higher at $352,500 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet
Note: All Sales were for 2 bedroom units!
Median Sales Prices
By Bedroom
Here is our market summary report showing median sales prices by bedroom for Ocean Summit Galt Ocean Mile condos sold over the last 6 months.
| BEDS / BATHS | LA | SP$ | SP$/SqFt |
| 2 / 2 | 1200 | $322,200 | $269.00 |
We can see from this report that the median sales price for:
- There have been no 1 Bedroom Ocean Summit condos sold over the last 6 months – However in our last post the median for 1 Bedroom Ocean Summit condos sold was $260,000 – this being for a 1 bedroom 1 bathroom 940 square foot unit with a sales price to square foot price of $245.00
- 2 Bedroom Ocean Summit condos sold has been $322,200 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a sales price to square foot price of $269.00. In our last post the median price for 2 bedroom units sold was over $92,000 higher at $415,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet with a sales price to square foot price of $349.00.
- There have been no 3 Bedroom Ocean Summit condos sold over the last 6 months – However in our last post the median for 3 Bedroom Ocean Summit condos sold was $495,000 – this being for a 3 bedroom 2 bathroom 1520 square foot unit with a sales price to square foot price of $326.00
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for Ocean Summit Galt Ocean Mile condos over the last 6 months.
| SP$/SqFt | |
| Min | $252.00 |
| Max | $349.00 |
| Avg | $290.00 |
| Median | $269.00 |
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 $269.00 per square foot!
Also important to note is the highest square foot price paid at $349.00!
% Sales to List Price
An important real estate indicator is how much are buyers are paying for Ocean Summit Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
| SP$/LP$ | |
| Min | 92% |
| Max | 97% |
| Avg | 95% |
| Median | 95% |
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 95%
This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $300,000 – then based on MLS median sales data the condo could be expected to sell for 95% of that amount or $325,000.
Days on Market
Days on market for Ocean Summit Galt Ocean Mile condos for sale is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.
Here is the market analysis report for Days on Market based on Condo sales over the last 6 months.
| DOM | |
| Min | 38 |
| Max | 158 |
| Avg | 113 |
| Median | 145 |
We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit have been 145 days – or just under 5 months!
Days on market is the time from when the Condo was listed for sale till the Condo sold AND closed
Ocean Summit Club
Condo Sales Itemized
Here is the data for each of the condos sold over the last 6 months here in Ocean Summit
| CONDO | BEDS / BATHS | LA | SP$ |
| Unit 1706 | 2 / 2 | 1290 | $450,000 |
| Unit 614 | 2 / 2 | 1200 | $322,200 |
| Unit 412 | 2 / 2 | 1190 | $300,000 |
We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 1706 a 2 bedroom 2 bathroom condo which sold for $450,000.
Unit 1706 sold for 97% of its list price and had 158 days on market or just over 5 months!
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.
Sales activity has slowed over the last few months – well down from earlier posts!
I am confident however that as we head into 2018 – that buyer activity and sales will pick right back up!
I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit
Kevin Wirth Realtor
.