View of Galt Ocean Mile condo here in Fort Lauderdale FL

Galt Ocean Mile Condos Sales March – August 2018

Galt Ocean Mile
Condos Sales Update

In this our September 2018 post we review recent sales of Galt Ocean Mile condos over the last 6 months (1st of March 2018 to 31st August 2018) and I share my thoughts on these statistics.

Key Sales Statistics
for Buyers / Sellers

  • 169 Units Sold over the Last 6 Months – up from our last post!
  • Sales Prices from $149,000 – $4,700,000

Median Sales Prices

  • Sales Price last 6 Months $475,000 – up from our last 3 posts!
    -2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Foot Price $336.00
  • Sales Price to List Price 95%
  • Days on Market 70 Days

Important to note:

Sales have been strong over the last 6 Months – with April 2018 & August 2018 having the highest number of sales!

Median sales prices for Galt Ocean Mile condos sold over the last 6 months continue to rise and are up again this month!

Search Galt Ocean Mile Condos for Sale

In this post we cover median sales prices by bedroom, list price to sales price as well as days on market.

View 2 bedroom Galt Ocean Mile condo recently sold Playa del Mar
Super views from a 2 bedroom Galt Ocean Mile condo recently sold here in Playa del Mar

Galt Ocean Mile
Prices by Bedroom

Our market summary report(s) for sales of Galt Ocean Mile condos over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
0 / 1 467 $215,000 $373.00
1 / 1 1088 $296,000 $282.00
2 / 2 1540 $500,000 $337.00
3 / 2 2145 $880,000 $410.00

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

  • Galt Ocean Mile studio unit sold over the last 6 months has been $215,000 – this being for a unit of 467 square feet with a sales price to square foot price of $373.00 – In our last post the median sales price for a studio unit was lower at $195,000 – this being for a unit of 410 square feet with a sales price to square foot price of $384.00
  • Galt Ocean Mile 1 bedroom unit sold over the last 6 months has been $296,000 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $282.00 – In our last post the median sales price for a 1 bedroom unit was higher at $302,500 – this being for a 1 bedroom 1 bathroom unit of 1088 square feet with a sales price to square foot price of $287.00
  • Galt Ocean Mile 2 bedroom unit sold over the last 6 months has been $500,000 – this being for a 2 bedroom 2 bathroom unit of 1540 square feet with a sales price to square foot price of $337.00 – In our last post the median sales price for a 2 bedroom unit was lower at $497,500 – this being for a 2 bedroom 2 bathroom unit of 1649 square feet with a sales price to square foot price of $318.06
  • Galt Ocean Mile 3 bedroom unit sold over the last 6 months has been $880,000this being for a 3 bedroom 2 bathroom unit of 2145 square feet with a sales price to square foot price of $410.00 – In our last post the median sales price for a 3 bedroom unit was higher at $907,500 – this being for a 3 bedroom 2 bathroom unit of 2235 square feet with a sales price to square foot price of $421.00
Galt Ocean Mile condo sale March 2018 to August 2018
Galt Ocean Mile / Zip 33308 oceanfront condo sales March 2018 – August 2018

Galt Ocean Mile
Condo Sales

There have been 169 sales of Galt Ocean Mile condos in Fort Lauderdale over the last 6 months to the end of June 2018 – up from our last 2 posts!

In our last post when there had been 161 sales of Galt Ocean Mile condos over the preceding month and in our prior post there had been 151 sales!

We can from the graph above and the table below the monthly volume of sales for Galt Ocean Mile condos / Oceanfront condos in Zip 33308!

Month Number of Sales
March 2018 27
April 2018 32
May 2018 28
June 2018 29
July 2018 21
August 2018 32
TOTAL SALES

Data Source: MLS Sept 2018

169

Again it is important to note that that sales have been strong over the last 6 months – peaking in April 2018 and again in August 2018 with 32 units sold in each of these two months!

View Galt Ocean Mile condo recently sold Plaza East Unit 17A
View from a Galt Ocean Mile condo recently sold here in Plaza East Ft Lauderdale – Unit 17A

Galt Ocean Mile
Condo Sales Data

Our market analysis report showing the MLS sales data for the 169 Galt Ocean Mile condos sold over the last 6 months is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 320 $149,000
Max 5 / 4 4938 $4,700,000
Avg 2 / 2 1533 $584,178.
Median 2 / 2 1486 $475,000

We can see from this report that the median sales price over the last 6 months has been $467,500 – this being for a 2 bedroom 2 bathroom unit of 1599 square feet – up from our last 3 posts!

In our last post on Galt Ocean Mile condos sold over the last 6 months the the median sales price over the prior 6 months was $467,500 – this being for a 2 bedroom 2 bathroom unit of 1599 square feet

In our prior post on Galt Ocean Mile condos sold over the last 6 months the the median sales price over the prior 6 months was $421,250 – this being for a 2 bedroom 2 bathroom unit of 1507 square feet

In our earlier post on Galt Ocean Mile condos sold over the last 6 months the the median sales price over the prior 6 months was $420,000 – this being for a 2 bedroom 2 bathroom unit of 1514 square feet

View Galt Ocean Mile condos Fort Lauderdale Florida
Aerial view of Galt Ocean Mile condos here in Fort Lauderdale Florida

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Galt Ocean Mile condos / Zip 33308 oceanfront condos sold here in Fort Lauderdale over the last 6 months.

SP$/SqFt
Min $198.00
Max $1146.00
Avg $363.00
Median $336.00

We can see from this report that the median sales price to square foot price paid for a Galt Ocean Mile condo sold over the last 6 months has been $336.00 per square foot

It is important to note that the median is well up from our last 4 posts when the median was $333.00, $311.00, $307.00 and $308.00 respectively!

% Sales to List Price

An important real estate indicator is how much buyers are paying for Galt Ocean Mile condos based on sales price to list price!

The market analysis report for this is presented below

SP$/LP$
Min 81%
Max 108%
Avg 94%
Median 95%

We can see from this report that the median sales price to list price for a Galt Ocean Mile condos sold  over the last 6 months has been 95%

It is important to note that the median is the same as in our last 6 posts!

This means if a Fort Lauderdale condo for sale here on Galt Ocean Mile is listed at $450,000 – then based on median sales data the condo would sell for 95% of that amount or $427,500.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this prime direct oceanfront location.

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

DOM
Min 1
Max 1019
Avg 120
Median 70

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale here on Galt Ocean Mile is 120 days or 4 months – this much the same as in our last 2 posts!

More importantly is the median days on market at 70 days or 10 weeks which is up from 57 days or just over 8 weeks!

Days on market is the time from when the condo was listed for sale till the condo sold AND closed.

Kevin Wirth Realtor / Real Estate Agent

My Thoughts / Summary

It is great to continue to see a strong level of sales volume for Galt Ocean Mile condos sold over the last 6 months March 2018 – August 2018 – especially with 32 units sold / closed in August!

It is also great to see median prices continue to rise – now up to $475,00!

Another very good and positive indicator for Galt Ocean Mile condo sales is list price to sales price at 95% – the same as in our last 6 posts!!

I hope you enjoyed this report on Galt Ocean Mile Condos for Sale – Kevin Wirth P.A. Realtor

Read our last post of Galt Ocean Mile Condo Sales

This statistical report on comparable Luxury Galt Ocean Mile condos includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.  This report is based on information which is the © 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.