View Galt Ocean Club 3800 Galt Ocean Drive Fort Lauderdale condo for sale

Galt Ocean Club Condos

Galt Ocean Club
Galt Ocean Mile Condos for Sale

Welcome to my April 2018 / May 2018 post on Galt Ocean Club Galt Ocean Mile condos for sale Fort Lauderdale Florida.

Fort Lauderdale condos for sale here in Galt Ocean Club offer direct oceanfront units set right on the beachfront here on the famous Galt Ocean Mile!

Search Galt Ocean Club Condos for Sale

Currently there are 10 condos for sale in this complex  – 2 of which are new listings 

There have been 3 units sold here over the last 6 months – and 2 units are 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 units over the last 6!

We also compare recent sales trends in Galt Ocean Club – Important information for both buyers and sellers!

Galt Ocean Club
Galt Ocean Mile – Key Statistics
Galt Ocean Club Condo Association – Condominium complex in Fort Lauderdale, Florida
Address: 3800 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • 10 x Condos for Sale
    Prices from $275,000 – $859,900 

Median Prices

  • Median List Price $307,000
    – for a 1 Bedroom 1 Bathroom Unit
  • 3 Sales Last 6 Months
  • Median Sales Price $249,900
    – for a 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $312.00
  • Sales to List Price 97%
  • Days on Market 8 Days
View Galt Ocean Club condominium 3800 Galt Ocean Drive Fort Lauderdale FL
View Galt Ocean Club condominium 3800 Galt Ocean Drive Fort Lauderdale FL

Galt Ocean Club
Condos for Sale

The following market report is for the 10 x Galt Ocean Mile condos for sale here in Galt Ocean Club – up slightly from our last 2 posts!

In our last post for Feb / March 2018  there were 9 units for sale

In our prior post for Dec 2017 / Jan 2018  there were also 9 units for sale

Our market analysis report for these 10 units is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 802 $275,000
Max 3 / 3 2200 $859,900
Avg 2 / 2 1086 $424,420
Median 1 / 1 875 $307,000

We can see from this market report that the average price for a condo for sale here in Galt Ocean Club is $424,420 – this being for a 2 bedroom 2 bathroom unit of 1086 square feet!

We can also see from this market report that the median price for a condo for sale here in Galt Ocean Club is $307,000 – this being for a 1 bedroom 1 bathroom unit of 875 square feet!

In our prior post the median price for a condo for sale in Galt Ocean Club was $299,000 – this being for a 1 bedroom 1 bathroom unit of 825 square feet!

View Galt Ocean Club 3800 Galt Ocean Drive Fort Lauderdale FL
View Galt Ocean Club 3800 Galt Ocean Drive Fort Lauderdale FL

Galt Ocean Club
Pricing Guide by Bedroom

Here is our market summary report which gives a pricing guide by bedroom for Galt Ocean Club Galt Ocean Mile condos for sale by bedroom!

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 813 $299,000 $362.00
2 / 2 1172 $587,500 $501.00
3 / 3 2200 $859,900 $391.00

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

1 Bedroom Galt Ocean Club condos for sale is $299,000 this being for a 1 bedroom 1 bathroom 813 square foot unit with a list price to square foot price of $362.00 – In our last post the median for 1 bedroom Galt Ocean Club condos for sale was lower at $296,950 – this being for a 1 bedroom 1 bathroom 825 square foot unit with a list price to square foot price of $349.00

2 Bedroom Galt Ocean Club condos for sale is $587,500 this being for a 2 bedroom 2 bathroom 1172 square foot unit with a list price to square foot price of $501.00 – In our last post the median for 2 bedroom condos for sale was lower at $562,400 – this being for a 2 bedroom 2 bathroom 1236 square foot unit with a list price to square foot price of $458.00

3 Bedroom Galt Ocean Club condos for sale is $859,900 this being for a 3 bedroom 2 bathroom 2200 square foot unit with a list price to square foot price of $391.00 – In our last post the median for 3 Bedroom Galt Ocean Club condos for sale was the same at $859,900 – this being for a 3 bedroom 2 bathroom 2200 square foot unit with a list price to square foot price of $391.00

Note: there is only 1 x 3 bedroom unit currently for sale!

View Galt Ocean Mile condo just listed for sale Galt Ocean Club - Unit 306
View Galt Ocean Mile condo just listed for sale Galt Ocean Club – Unit 306

Galt Ocean Club
New Listings

In the last 30 days there have been 3 new listings of Galt Ocean Club Galt Ocean Mile condos for sale – this is up from 1 new listing as in our last post for Feb / March 2018!

Our market analysis report for these new listings is presented below

BEDS / BATHS LA LP$
Unit 306 2 / 2 1172 $587,500
Unit 1207 1 / 1 802 $315,000
Unit 308 1 / 1 802 $275,000

We can see from this report that:

Galt Ocean Club Condo 605 a 2 bedroom unit has just been listed for sale for $587,500.  This 2 bedroom 2 bathroom 1172 square foot unit has a list price to square foot price of $501.00

Condo 605 is a South-East corner unit on a lower floor overlooking ocean and pool. Huge balcony for entertaining and watching the sunrise

Galt Ocean Club Condo 1207 a 1 bedroom unit has just been listed for sale for $315,000.  This 1 bedroom 1 bathroom 802 square foot unit has a list price to square foot price of $393.00

Condo 1207 has been updated throughout. The kitchen has a new refrigerator and dishwasher and there is a brand new AC unit

Galt Ocean Club Condo 308 a 1 bedroom has just been listed for sale for $275,000.  This 2 bedroom 2 bathroom 802 square foot unit has a list price to square foot price of $343.00

Condo 308 is a South-East unit with a gorgeous ocean view. The unit is currently leased until Nov 30, 2018.

View Galt Ocean Mile condo pending sale Galt Ocean Club Unit 1602
View Galt Ocean Mile condo pending sale Galt Ocean Club Unit 1602

Pending Sales

There are currently 2 condos under contract and pending sale here in Galt Ocean Club Fort Lauderdale – there were no units pending sale in our last 2 posts!

Our market analysis report for these 2 units is presented below

BEDS / BATHS LA LP$
Unit 615 2 / 2 1340 $429,000
Unit 1602 0 / 1 644 $199,000

We can see from this report that:

Galt Ocean Club Condo 615 a 2 bedroom unit listed for sale for $429,000 is now pending sale – This 2 bedroom 2 bathroom 1340 square foot unit had a list price to square foot price of $320.00

Condo 615 is a spacious unit with lots of windows.  The unit has a large open kitchen perfect for entertaining guests and tile flooring throughout!

Galt Ocean Club Condo 1602 a studio unit listed for sale for $199,000 is now pending sale – This 644 square foot unit had a list price to square foot price of $309.00

Condo 1602 offers a breathtaking direct ocean view.  The unit has impact windows and an impact balcony door.


Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!


Kevin Wirth P.A.  – Realtor

Galt Ocean Mile Specialist
954-459-0337

Email: kevinsellsmore@gmail.com

Click here to email me now

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

View Galt Ocean Mile condo recently sold Galt Ocean Club Unit 503
View Galt Ocean Mile condo recently sold Galt Ocean Club Unit 503

Galt Ocean Club Sales
Last 6 Months

There has been 3 x Galt Ocean Club Galt Ocean Mile condos sold over the last 6 months

This is up from just 2 sales over the prior 6 months as in our last post!

The market summary report for these 3 units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 802 $224,900
Max 2 / 2 1300 $490,000
Avg 1 / 1 975 $321,600
Median 1 / 1 825 $249,900

We can see from this report that the median sales price for units sold over the last 6 months has been $249,000- this being based on a 1 bedroom 1 bathroom unit of 975 square feet! 

We can also see that the most expensive unit sold  – sold for $490,000 – this being for a 2 bedroom 2 bathroom unit.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Galt Ocean Club over the last 6 months.

SP$/SqFt
Min $273.00
Max $377.00
Avg $320.00
Median $312.00

We can see from this report that the median sales price to square foot price paid for a Galt Ocean Club Condo sold over the last 6 months has been $312.00 per square foot – this is down from $360.00 in our last post!

We can also see the highest square foot price paid at $377.00!

% Sales to List Price

An important real estate indicator is how much are buyers are paying for Galt Ocean Club 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 93%
Max 100%
Avg 97%
Median 97%

We can see from this report that the median sales price to list price for Fort Lauderdale Condo here in Galt Ocean Club  has been 97% – the same as in our last post!

This means if a Fort Lauderdale Condo for sale here in Galt Ocean Club is listed at $300,000 – then based on MLS median sales data the condo could be expected to sell for 97% of that amount or $291,000.

Days on Market

Days on market for Galt Ocean Club Galt Ocean Mile condos is an important indicator on how the strong demand is for condos for sale in this direct oceanfront condominium.

Here is the market analysis report for Days on Market based on Condo sales over the last 6 months.

DOM
Min 7
Max 32
Avg 16
Median 8

We can see from this report that the median days on market is just 8 days or just over 1 week!

This is well down from 50 days or just over 7 weeks 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.

Galt Ocean Club
Condo Sales Itemized

Here is the data for each of the condos sold over the last 6 months here in Galt Ocean Club

BEDS / BATHS LA SP$
Unit 605 2 / 2 1300 $490,000
Unit 503 1 / 1 802 $249,900
Unit 614 1 / 1 825 $224,900

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 605 a 2 bedroom unit which sold for $490,000.

Unit 605 is a 2 bedroom 2 bathroom 1300 square foot direct oceanfront condo and sold with a sales price to square foot price of $377.00

Unit 605 sold for 93% of its list price and had 32 days on market or just over 1 month!

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

Galt Ocean Club Galt Ocean Mile condos offer units in a great complex set right on the sand here on our famous Galt Mile.

Currently we have a great range of condos for sale with 10 units for sale!

Sales however continue to be very sluggish with just 3 units sold over the last 6 months.

It is great to see 2 units pending sale and I am personally optimistic that sales will pick up in this complex over the next few months as sales are doing here on the Galt Ocean Mile! 

Galt Ocean Club is one of the few complexes here on Galt Ocean Mile that allows owners to rent up-to 4 times a year.

This is one of the few complexes on Galt Ocean Mile that has an investor friendly rental policy and this is very appealing to many owners.

Kevin Wirth Realtor

I hope you have enjoyed my Post on Fort Lauderdale condos for sale at Galt Ocean Club

Kevin Wirth Realtor