View Galt Tower 4250 Galt Ocean Drive Fort Lauderdale condo for sale

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our April 2018 / May 2018 Blog on Galt Towers Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

Fort Lauderdale condos for sale here in Galt Towers offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

 

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At the time of writing this Blog there are 6 x Galt Ocean Mile condos for sale here at Galt Towers – 2 of which are new listings 

There have been 7 sales over the last 6 months – and 2 units are currently pending sale – both 1 bedroom condos!

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 price to list price %) as well as the highest prices paid over the last 6 months! 

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

Galt Towers
Galt Ocean Mile – Key Statistics
Galt Towers Condominium complex in Fort Lauderdale, Florida
Address: 4250 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $279,000 – $449,000

Median Prices

  • List Price $329,440
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $252,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $255.00
  • Median Sales to List Price 97%
  • Days on Market 70 Days
View Galt Tower 4250 Galt Ocean Drive Fort Lauderdale Florida
View Galt Tower 4250 Galt Ocean Drive Fort Lauderdale Florida

Galt Towers
Condos for Sale

There are 6 x Galt Towers Galt Ocean Mile condos for sale Fort Lauderdale – this is down from 7 x Galt Towers condos for sale as in our last post for February / March 2018

The market analysis report for these 6 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 950 $279,000
Max 2 / 2 1350 $449,000
Avg 1 / 1 1209 $342,813
Median 1 / 1 1350 $329,440

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $342,813 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $296.00

We can also see that the median price for Galt Towers condos for sale is $329,440 – this being for a 1 bedroom 1 bathroom unit of 1350 square feet with a list price to square foot price of $296.00 

In our last post for February / March 2018 the median price for Galt Towers condos for sale was $393,000 – this being for a 2 bedroom 2 bathroom unit of 1198 square feet with a list price to square foot price of $294.00 

Important to note is that the highest price condo for sale has a list price to square foot price of $333.00!

Read Our Last Post on Galt Towers Condos for Sale

Entrance to Galt Towers Galt Ocean Mile Fort Lauderdale
Entrance to Galt Towers Galt Ocean Mile Fort Lauderdale

Galt Towers Condos
Prices by Bedroom

Here is our market summary report showing the median list prices for Galt Towers Galt Ocean Mile condos for sale by bedroom!

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 998 $305,000 $309.00
2 / 2 1350 $365,000 $270.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $305,000 – this being for a 1 bedroom 1 bathroom unit of 998 square feet with a list price to square foot price of $309.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was lower at $267,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $258.00
  • 2 Bedroom Galt Towers condos for sale is $365,000this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $270.00 – In our last post the median for 2 Bedroom Galt Towers condos for sale was higher at $424,500 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $296.00

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

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View Galt Ocean Mile New Listings

Galt Towers
New Listings

There have been 3 new listing of a Galt Towers Galt Ocean Mile condo for sale here in Galt Towers over the last 30 days

There were 2 x new listings in our last post for February / March 2018.

Our market analysis report for these 2 x new listings is presented below:

BEDS / BATHS LA LP$
Unit 6A 2 / 2 1350 $365,000
Unit 6F 1 / 1 950 $305,000
Unit 5J 1 / 1 850 $279,000

We can see from this report the details for these new listings:

Unit 6A a 2 bedroom Galt Towers condo has just been listed for sale for $365,000this 2 bedroom 2 bathroom 1350 square foot unit has a list price to square foot price of $270.00

This Galt Ocean Mile condo is a corner unit with a desirable split-bedroom floor plan!

Unit 6F a 1 bedroom Galt Towers condo has just been listed for sale for $305,000this 1 bedroom 1 bathroom 950 square foot unit has a list price to square foot price of $321.00

This Galt Ocean Mile condo is a South facing, renovated unit with ocean and city view from balcony!

Unit 5J a 1 bedroom Galt Towers condo has just been listed for sale for $279,000this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $328.00

This Galt Ocean Mile condo is completely renovated ocean view!

View Galt Ocean Mile condo pending sale Galt Towers Unit 15E
View Galt Ocean Mile condo pending sale Galt Towers Unit 15E

Galt Towers
Pending Sales

As at time of writing there are 2 x Galt Towers Galt Ocean Mile condos that are under contract and are pending sale – both of these are 1 bedroom units!

In our last post for February / March 2018 there was 1 condo pending sale – Unit 2P a 1 bedroom unit!

Our market analysis report for these units is presented below

BEDS / BATHS LA LP$
Unit 15E 1 / 1 950 $255,000
Unit 9N 1 / 1 1047 $255,000

We can see from this report that:

Unit 15E a 1 bedroom Galt Towers condo listed for sale for $255,000 is now pending sale – this 1 bedroom 1 bathroom 950 square foot unit has a list price to square foot price of $268.00

This Galt Ocean Mile condo is north facing unit w/ largest balcony in building!

Unit 9N a 1 bedroom Galt Towers condo listed for sale for $255,000 is now pending sale – this 1 bedroom 1 bathroom 1047 square foot unit has a list price to square foot price of $244.00

This Galt Ocean Mile condo has a beautiful ocean view from balcony and a remodeled kitchen!

View Galt Ocean Mile condo recently sold Galt Towers Unit 10J
View Galt Ocean Mile condo recently sold Galt Towers Unit 10J

Condo Sales – Last 6 Months

There have been 7 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months.

This is up from 5 sales over the preceding 6 months as in our last post for February / March 2018!

Our market summary summary for these 7 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 850 $198,000
Max 2 / 2 1378 $399,000
Avg 1 / 1 1056 $276,928
Median 1 / 1 970 $252,500

We can see from this report that the average sales price for a unit sold over the last 6 months here in Galt Towers has been $276,928 – this being for a 1 bedroom 1 bathroom unit of 1056 square feet

We can also that the median sales price for a unit sold over the last 6 months here in Galt Towers has been $252,500 – this being for a 1 bedroom 1 bathroom unit of 970 square feet

In our last post the median sales price for a unit sold over the preceding 6 months was $267,000 – this being for a 1 bedroom 1 bathroom unit of 1047 square feet

Galt Towers Condos
Sales Prices by Bedroom

Here is our market summary report showing the median sales prices for Galt Towers Galt Ocean Mile condos sold over the last 6 months!

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 950 $242,000 $255.00
2 / 2 1364 $379,500 $278.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos sold has been $242,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a sales price too square foot price of $255.00 – In our last post the median for 1 Bedroom Galt Towers condos sold was higher at $252,500 – this being for a 1 bedroom 1 bathroom unit of 970 square feet with a sales price too square foot price of $278.00
  • 2 Bedroom Galt Towers condos sold has been $379,500this being for a 2 bedroom 2 bathroom unit of 1364 square feet with a sales price too square foot price of $278.00 – In our last post the median for 2 Bedroom Galt Towers condos sold was the same at $379,500 – this being for a 2 bedroom 2 bathroom unit of 1364 square feet with a sales price too square foot price of $261.00  

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Oceanfront condos sold in Galt Towers over the last 6 months.

SP$/SqFt
Min $227.00
Max $297.00
Avg $255.00
Median $255.00

We can see from this report that the median sales price to square foot price paid for a Galt Towers condo sold over the last 6 months has been $255.00 per square foot – down slightly from $258.00 in our last post!

Also note the highest square foot price paid at $297.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Galt Towers 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 88%
Max 99%
Avg 95%
Median 97%

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

Based on the median sales price to list price of 97% – we would expect a condo listed for sale for $350,000 to sell for 97% of list price or $339,500 based on MLS data!

Days on Market

Days on market for Galt Towers Galt Ocean Mile condos for sale is an important indicator of demand for units in this complex.

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

DOM
Min 1
Max 223
Avg 82
Median 70

We can see from this report that the average days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 82 days.

More importantly however is the median days on market at 70 days – up from 38 days 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 Towers
Condo Sales Itemized

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

BEDS / BATHS LA SP$
Unit 9B 2 / 2 1350 $399,000
Unit 4U 2 / 2 1378 $360,000
Unit 12R 1 / 1 1047 $267,000
Unit 10J 1 / 1 850 $252,500
Unit 2P 1 / 1 950 $242,000
Unit 15F 1 / 1 970 $220,000
Unit 7G 1 / 1 850 $198,000

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 9B a 2 bedroom condo which sold for $399,000

Unit 9B was a 2 bedroom 2 bathroom 1350 square foot unit – this condo sold for $296.00 per square foot.

The unit had 223 days on market and sold for 98% of list price!

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

Galt Towers Galt Ocean Mile condos are units set in a fine mid century complex right on the beach here on Galt Mile Fort Lauderdale.

We currently have a great range of units for sale.

It is important to note that median prices over the last 6 months have been softening – especially for 1 bedroom units – perfect for buyers!

I hope you have enjoyed this post on condos for sale here in Galt Towers Fort Lauderdale

Kevin Wirth Realtor