Galt Ocean Mile condos

Galt Ocean Mile Condos

Galt Ocean Mile
Condos for Sale

Galt Ocean Mile condos for sale are direct oceanfront units – they are literally set right on the sand.

Galt Ocean Mile offers a superb range of condos for sale.

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Key Statistics for Buyers / Sellers

      • Prices from $154,999 – $6.9 Million
      • Median List Price $524,500 – up from our last post!
        – 2 Bedroom 2 Bathroom Unit

Galt Ocean Mile Condos
Prices by Bedroom

Here is our market summary report for Galt Ocean Mile condos for sale by median price / bedroom

BEDS / BATHS LA LP$ LP$/SqFt
0 / 1 320 $182,000 $703.00
1 / 1 1076 $335,000 $316.00
2 / 2 1630 $549,999 $366.00
3 / 2 2150 $850,000 $416.00

We can see from this report that:

      • The median price for Galt Ocean Mile studios for sale is $182,000 – this being for a studio unit of 320 square feet with 1 bathroom – and a list price to square foot price of $703.00 – In our last post the median price for Galt Ocean Mile studios for sale was higher at $226,500 – this being for a studio unit of 330 square feet with 1 bathroom – and a list price to square foot price of $636.00
      • The median price for Galt Ocean Mile 1 Bedroom condos for sale is $335,000 – this being for a 1 bedroom 1 bathroom condo unit of 1076 square feet with a list price to square foot price of $316.00 – In our last post the median price for Galt Ocean Mile 1 Bedroom condos for sale was lower at $304,000 – this being for a 1 bedroom 1 bathroom condo unit of 1047 square feet with a list price to square foot price of $314.00
      • The median price for Galt Ocean Mile 2 Bedroom condos for sale is $549,999 – this being for a 2 bedroom 2 bathroom condo unit of 1630 square feet with a list price to square foot price of $366.00 – In our last post the median for Galt Ocean Mile 2 Bedroom condos for sale was lower at $527,000 – this being for a 2 bedroom 2 bathroom condo unit of 1608 square feet with a list price to square foot price of $365.00
      • The median price for Galt Ocean Mile 3 Bedroom condos for sale is $850,000 – this being for a 3 bedroom 2 bathroom luxury unit of 2150 square feet with a list price to square foot price of $416.00 – In our last post the median for  Galt Ocean Mile 3 Bedroom condos for sale was much higher at $949,000 – this being for a 3 bedroom 2 bathroom luxury unit of 2086 square feet with a list price to square foot price of $480.00

Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth P.A.  – Realtor
954-459-0337

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Galt Ocean Mile Condos
Market Analysis

There are currently 162 Galt Ocean Mile Condos for Sale*

This is up from 150 units in our last post for December 2017 / January 2018 – which in turn was up from 139 Galt Ocean Mile condos for sale as in our last post for November / December 2017!

It is important to note that inventory levels for Galt Ocean Mile condos for sale are still well down from prior years!

The market analysis report for these 162 units is presented below.

BEDS / BATHS LA LP$
Min 0 / 1 280 $154,999
Max 6 / 5 4475 $6,900,000
Avg 2 / 2 1568 $701,317
Median 2 / 2 1577 $524,500

The market analysis report also shows us:

      • That the average price for a Galt Ocean Mile is $701,317 – this being for a 2 bedroom 2 bathroom unit of 1568 square feet. –  In our last post the average price for a Galt Ocean Mile was lower at $629,271 – this being for a 2 bedroom 2 bathroom unit of 1521 square feet.
      • The median price for a Galt Ocean Mile condo is $524,500 – this being for a 2 bedroom 2 bathroom unit of 1577 square feet – In our last post the median price for a Galt Ocean Mile condo was lower at $499,900 – this being for a 2 bedroom 2 bathroom unit of 1537 square feet

* MLS data for Broward, Fort Lauderdale Oceanfront Condos for Sale, Zip 33308.

View Galt Ocean Mile condos for sale Fort Lauderdale
View Galt Ocean Mile condos for sale Fort Lauderdale

Galt Ocean Mile Condos
Price Analysis

The Price analysis report for Galt Ocean Mile condo is an important toolthis report shows us the inventory or number of condos currently for sale across different price ranges.

The Price Analysis report is presented below.

Price Range Quantity
$150,000 – $199,999 4
$200,000 – $249,999 3
$250,000 – $299,999 14
$300,000 – $349,999 13
$350,000 – $399,999 16
$400,000 – $449,999 11
$450,000 – $499,999 15
$500,000 – $549,999 12
$550,000 – $599,999 14
$600,000 – $699,999 22
$700,000 – $799,999 8
$800,000 – $899,999 6
$900,000 – $999,999 4
$1,000,000 or over 20
Total 162

We can see from this report that the largest inventory of Galt Ocean Mile condos for sale is for Galt Ocean Mile condos for sale priced at $600,000 – $699,999 – with 22 units for sale!

Note: It is important to note that there is a good range of Galt Ocean Mile condos for sale across most price points…

This mix of inventory at various prices is in my mind one of the big factors that attracts so many buyers to Galt Ocean Mile!

View from a Galt Ocean Mile condo for sale in L'Hermitage
Sweeping ocean views from a Galt Ocean Mile condo for sale in L’Hermitage

Galt Ocean Mile
Condos by Bedroom

Here is our guide to Galt Ocean Mile condos for sale by bedroom – we focus in detail on studio units right through to 3 bedrooms units.

Galt Ocean Mile
Studios for Sale

There are currently 5 x studio units currently for sale here on Galt Ocean Mile – this is down ever so slightly from the 6 studio units for sale in our last post!

Here is our market analysis report for Galt Ocean Mile studios currently for sale.

BEDS / BATHS LA LP$
Min 0 / 1 280 $179,000
Max 0 / 1 484 $225,000
Avg 0 / 1 361 $196,600
Median 0 / 1 320 $182,000

We can see from this report that the:

      • Average price for a Galt Ocean Mile studio currently for sale is $196,600 – this being for a unit of 361 square feet with a list price to square foot price of $617.00. 
      • Median price for a Galt Ocean Mile studio currently for sale is $182,000 this being for a unit of 320 square feet with a list price to square foot price of $703.00. 

We can also see from this report that the lowest price for a studio for sale is $179,000 and the highest price is $225,000.

Interesting to note is that the smallest studio for sale is just 280 square feet and the largest studio for sale is a nice sized 484 square feet.

Galt Ocean Mile
1 Bedroom Condos

There are currently 37 x 1 bedroom condos currently for sale here on Galt Ocean Mile – this is up from 27 units in our last post and 29 units in our prior post!

Here is our market analysis report for Galt Ocean Mile 1 bedroom condos currently for sale.

BEDS / BATHS LA LP$
Min 1 / 1 715 $154,999
Max 1 / 1 1500 $450,000
Avg 1 / 1 1030 $326,646
Median 1 / 1 1076 $335,000

We can see from this report that the:

      • Average price for a Galt Ocean Mile 1 bedroom condo currently for sale is $326,646 – this being for a 1 bedroom 1 bathroom condo of 1030 square feet with a list price to square foot price of $322.07. 
      • Median price for a Galt Ocean Mile 1 bedroom condo currently for sale is $335,000  this being for a 1 bedroom 1 bathroom condo of 1076 square feet with a list price to square foot price of $316.00.

We can also see from this report that the lowest price for a 1 bedroom condo for sale is $154,999 and the highest price is $450,000.

Interesting to note is that the smallest 1 bedroom condo for sale is a 715 square feet and the largest 1 bedroom condo for sale is a “much larger” 1500 square feet.

Galt Ocean Mile
2 Bedroom Condos

There are currently 87 x 2 Bedroom condos currently for sale here on Galt Ocean Mile – up from 82 X 2 bedroom unit in our last post and 78 x 2 bedroom units in ourprior post!

It is important to note that despite an increase in 2 bedroom units for sale – this is still well down from 121 units for sale in 2017!

Here is our market analysis report for Galt Ocean Mile 2 bedroom condos currently for sale.

BEDS / BATHS LA LP$
Min 2 / 2 1080 $270,000
Max 2 / 3 2318 $1,199,000
Avg 2 / 2 1555 $590,708
Median 2 / 2 1630 $549,999

We can see from this report that the:

      • Average price for a Galt Ocean Mile 2 bedroom condo currently for sale is $590,708 – this being for a 2 bedroom 2 bathroom condo of 1555 square feet with a list price to square foot price of $382.00.
      • Median price for a Galt Ocean Mile 2 bedroom condo currently for sale is $549,999  this being for a 2 bedroom 2 bathroom condo of 1630 square feet with a list price to square foot price of $366.00

We can also see from this report that the lowest price for a 2 bedroom condo for sale is $270,000 and the highest price is $1,199,900.

The smallest 2 bedroom condo for sale is 1080 square feet and the largest 2 bedroom condo for sale is over twice the size at 2318 square feet.

Galt Ocean Mile
3 Bedroom Condos

There are currently 30 x 3 Bedroom condos currently for sale here on Galt Ocean Mile – this is up from 23 unit in our last post and 27 units in our prior post!

Here is our market analysis report for Galt Ocean Mile 3 bedroom condos currently for sale.

BEDS / BATHS LA LP$
Min 3 / 2 1350 $395,000
Max 3 / 4 2851 $2,800,000
Avg 3 / 2 2176 $1,078,463
Median 3 / 2 2150 $850,000

We can see from this report that the:

      • Average price for a Galt Ocean Mile 3 bedroom condo currently for sale is $1,078,463 – this being for a 3 bedroom 2 bathroom luxury condo of 2176 square feet with a list price to square foot price of $495.00. 
      • Median price for a Galt Ocean Mile 3 bedroom condo currently for sale is $850,000  this being for a 3 bedroom 2 bathroom luxury condo of 2150 square feet with a list price to square foot price of $415.00. 

We can also see from this report that the lowest price for a 3 bedroom condo for sale is $395,000 and the highest priced Galt Ocean Mile condo for sale is offered for sale for $2.8 Million!

Interesting to note is that the smallest 3 bedroom condo for sale is 1350 square feet and the largest 3 bedroom luxury condo for sale is 2851 square feet! 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Galt Ocean Mile condos for sale are some of the most sought after in all of Fort Lauderdale.  Their location, being set back off A1A and being absolute “direct” oceanfront adding their appeal.

As I outlined in my earlier posts -we have a very low level of inventory of Galt Ocean Mile condos for sale… 

It is pleasing to see median prices on the rise overall and especially for 1 and 2 bedroom units.

Median prices however for 3 bedroom Galt Ocean Mile condos for sale remain very soft!

I hope you enjoyed my post on Galt Ocean Mile Condos for Sale 

Kevin Wirth Realtor – 954-459-0337