Welcome to our August / September 2017 post on Fountainhead condos for sale here in Fort Lauderdale Florida.
Fountainhead is a luxury direct oceanfront condominium on the beachfront here at the end of the famous Galt Ocean Mile
There are currently 8 x Luxury Fort Lauderdale condos for sale in Fountainhead on Galt Ocean Mile of which 2 units are new listings!
There have been 4 closed sales over the last 6 months – all 2 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 units over the last 6 months!
We also compare recent sales trends in Fountainhead – Important information for both buyers and sellers!
Key Statistics for Buyers / Sellers
- Prices from $450,000 – $825,000
- Median List Price $584,344
– for a 2 bedroom 2 bathroom unit
Median Sales Prices
- Sales Price to Sq Ft Price $304.00
- Sales Price to List Price 95%
- Days on Market 153 Days
Fountainhead Condos for Sale
There are 8 x Luxury Fort Lauderdale condos for sale here in Fountainhead at the end of Galt Ocean Mile
In our last post on Fountainhead Condos for Sale for June / July 2017 there were 6 x luxury condos for sale here in Fountainhead!
Our market analysis report for these 8 condo is presented below:
|BEDS / BATHS||LA||LP$|
|Min||2 / 1||1450||$450,000|
|Max||4 / 3||2340||$825,000|
|Avg||2 / 2||1850||$606,274|
|Median||2 / 2||1820||$584,344|
We can see from the market report that the average price for a luxury Galt Ocean Mile condo for sale here in Fountainhead is $606,274 – this being for a 2 bedroom 2 bathroom unit of 1850 square feet.
We can also see that the median price for a Fountainhead condo for sale is $584,344 – this being for a 2 bedroom 2 bathroom unit of 1820 square feet – the median being down over $10,000 from our last post for June / July 2017!
In our last post the median price for a luxury condo was $594,500 – this being for a 2 bedroom 2 bathroom unit of 1820 square feet
It is also important to note the median list price to square foot price for Fountainhead condos for sale at $318.00!
Buying / Selling?
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Kevin Wirth – Realtor
Fountainhead Condos for Sale
Prices by Bedroom
Here is our market summary report showing median prices for Fountainhead condos for sale Galt Ocean Mile by bedroom.
|BEDS / BATHS||LA||LP$||LP$/SqFt|
|2 / 2||1800||$574,000||$315.00|
|4 / 3||2340||$825,000||$353.00|
We can from this report that for :
- 2 bedroom Fountainhead condos for the sale the median list price is $574,000 – – this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $315.00
- 4 bedroom Fountainhead condo for sale the median list price is $825,000 – this being for a 4 bedroom 3 bathroom 2340 square foot unit with a list price to square foot price of $353.00 – Note: Only 1 x 4 bedroom unit is currently for sale!
There have been 2 new listings of luxury Fountainhead condos for sale here in Fort Lauderdale over the last 30 days
In our last post there were no new listings here in Fountainhead!
Our market analysis report for these new listings is presented below:
|CONDO||BEDS / BATHS||LA||LP$|
|Unit 5D||2 / 2||1970||$787,500|
|Unit 11B||2 / 2||1870||$594,688|
|Median||2 / 2||1920||$691,094|
We can see from this report that a:
- 2 Bedroom Fountainhead condo – Unit 5D has just been listed for sale for $787,500 – this 2 bedroom 2 bathroom Galt Ocean Mile condo for sale is 1970 square feet and has a list price to square foot price of $400.00 per square foot. Unit 5D is a spectacular sun-washed direct ocean front condo with a five mile view up the coast and an ocean view from every room. This unit is meticulously remodeled condo with many designer features including: a spacious floor plan, many built-ins and ample storage with walk in closets!
- 2 Bedroom Fountainhead condo – Unit 11B has just been listed for sale for $594,688 – this 2 bedroom 2 bathroom Galt Ocean Mile condo for sale is 1870 square feet and has a list price to square foot price of $318.00 per square foot. Unit 11B offers great ocean views – you feel like you are floating on a ship the moment you open the front door. The sellers have re-done the walls, ceilings and installed 2 new a/c units. The unit features: a brand new master bathroom, a new fan/light fixture in sun room and the kitchen appliances are totally updated.
There are currently no units pending sale here in Fountainhead on Galt Ocean Mile
In our last post there were 2 units pending sale – Unit 11F and Unit 7B – both 2 bedroom condos!
Fountainhead Condo Sales
Last 6 Months
There has been 4 sales of Galt Ocean Mile direct oceanfront condos here in Fountainhead over the last 6 Months – all of these have been 2 bedroom units!
This is well up from 1 sale as in our last post for June / July 2017 – which covered sales over the preceding 6 months!
Our market analysis report for these 4 units is presented below.
|BEDS / BATHS||LA||SP$|
|Min||2 / 2||1840||$497,500|
|Max||2 / 2||1870||$625,000|
|Avg||2 / 2||1860||$565,125|
|Median||2 / 2||1865||$569,000|
We can see from this report that the average sales price for Galt Ocean Mile condos sold here in Fountainhead over the last 6 months has been $565,125 – this being for a 2 bedroom 2 bathroom unit of 1860 square feet.
We can also see that the median sales price for condos sold here in Fountainhead over the last 6 months has been $569,000 – this being for a 2 bedroom 2 bathroom unit of 1865 square feet.
Square Foot Prices
Here is our market summary report showing square foot prices paid for ALL Fort Lauderdale Oceanfront Condos sold in Fountainhead over the last 6 months.
We can see from this report that BOTH the average and median sales price to square foot price at $304.00 per square foot.
Also important to note is the highest square foot price paid at $340.00!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fort Lauderdale Condos for sale here in Fountainhead – 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:
We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Fountainhead has been 95% – the median is the same as in our last post!
This means if a Fort Lauderdale condo for sale here in Fountainhead is listed at $550,000 – then based on median sales data the condo could be expected to sell for 95% of that amount or $522,500 – based on median MLS data!
Days on Market
Days on market for Condos for Sale in Fountainhead is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
We can see from this report that the median days on market at 153 days or just over 5 months!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Condo Sales Itemized
Here is the data for each of the luxury oceanfront condos sold over the last 6 months here in Fountainhead.
|CONDO||BEDS / BATHS||LA||SP$|
|Unit 7E||2 / 2||1840||$625,000|
|Unit 11F||2 / 2||1870||$575,000|
|Unit 7B||2 / 2||1870||$563,000|
|Unit 4F||2 / 2||1860||$497,500|
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 7E a 2 bedroom condo which sold for $625,000.
This 2 bedroom 2 bathroom 1870 square foot unit has a sales price to square foot price of $340.00
This condo sold for 93% of list price and had 438 days on market or just under 15 months!
My Thoughts / Summary
Fountainhead is a great direct oceanfront complex here on Galt Ocean Mile in Fort Lauderdale.
Currently we have an excellent range of oceanfront condos for sale – with 8 luxury oceanfront units on offer.
Sales have picked up over the last couple of months with 4 units sold.
This after what had been very slow period!
I hope you have enjoyed my Post on Fountainhead Condos Fort Lauderdale for Sale