Beach views Galt Towers 4250 Galt Ocean Drive Fort Lauderdale condos for sale

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our August 2018 / September 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.

 

Search Galt Towers Condos for Sale

 

At the time of writing this Blog there are 9 x Galt Ocean Mile condos for sale here at Galt Towers – 2 of which are new listings! 

There have been 6 sales over the last 6 months

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 $229,000 – $449,000

Median Prices

  • List Price $269,000
    – 1 Bedroom 1 Bathroom Unit
  • Sales Price last 6 Months $246,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $255.00
  • Median Sales to List Price 95%
  • Days on Market 55 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 currently 9 x Galt Towers Galt Ocean Mile condos for sale Fort Lauderdale.

The number of condos for sale is up from 8 x Galt Towers condos for sale as in our last post for June / July 2018 and from the 6 condos for sale as in our prior post for April / May 2018!

The market analysis report for these 9 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $229,000
Max 2 / 2 1350 $449,000
Avg 1 / 1 1043 $289,876
Median 1 / 1 950 $269,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $289,876 – this being for a 1 bedroom 1 bathroom unit of 1043 square feet with a list price to square foot price of $286.00

We can also see that the median price for Galt Towers condos for sale is $269,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $276.00

It is important to note that the median list price is now well down from our last 2 posts!

In our last post for June / July 2018 the median price for Galt Towers condos for sale was $295,000 – this being for a 1 bedroom 1 bathroom unit of 998 square feet with a list price to square foot price of $301.00

In our prior post for April / May 2018 the median price for Galt Towers condos for sale was $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

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

View 2 bedroom Galt Towers Galt Ocean Mile condos for sale
Look at the view from this 2 bedroom Galt Towers – Galt Ocean Mile condo for sale – Stunning!

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 / 1 950 $255,000 $276.00
2 / 2 1350 $388,940 $288.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $255,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $276.00 – In our last post the median for 1 Bedroom Galt Towers condos for sale was higher at $290,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet with a list price to square foot price of $301.00
  • 2 Bedroom Galt Towers condos for sale is $388,940this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $288.00 – In our last post the median for 2 Bedroom Galt Towers condos for sale was higher at $398,940 – 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

Click here to email me now

Search Galt Ocean Mile Condos
View Galt Ocean Mile New Listings

View Galt Ocean Mile condo just listed for sale - Galt Towers Unit 8J
View Galt Ocean Mile condo just listed for sale – Galt Towers Unit 8J

Galt Towers
New Listings

There have been 2 new listings of Galt Towers Galt Ocean Mile condos for sale here in Galt Towers over the last 30 days – both 1 bedroom units!

There was just 1 x new listings in our last post for June / July 2018 – Unit 3R also a 1 bedroom unit

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

CONDO BEDS / BATHS LA LP$
Unit 8J 1 / 1 1003 $289,000
Unit 1J 1 / 1 850 $229,000

We can see from this report that: 

Unit 8J a 1 bedroom Galt Towers condo has just been listed for sale for $289,000this 1 bedroom 1 bathroom 1003 square foot unit has a list price to square foot price of $288.00

This Galt Ocean Mile condo is direct oceanfront and has been remodeled with a huge expanded bathroom with soaking tub, shower and extra closet.   

This high floor unit overlooks ocean and offers views of the gardens and city.  The condo has wood floors through-out, custom built ins, track lighting, extra storage, walk-in closet.  This condo is absolutely move in ready.

Unit 1J a 1 bedroom Galt Towers condo has just been listed for sale for $229,000this 1 bedroom 1 bathroom 850 square foot unit has a list price to square foot price of $269.00

This Galt Ocean Mile condo is direct ocean front and is in move-in condition.

The unit is on the first floor unit and features: an eat-in kitchen with brand new cabinetry, stainless steel appliances, granite counter tops, recessed lighting and neutral tile. This condo is freshly painted and has two closets in the bedroom!

Galt Towers
Pending Sales

As at time of writing there are no Galt Towers Galt Ocean Mile condos that are under contract and are pending sale.

In our last post for June / July there was 1 condo pending sale – Unit 6A a 2 bedroom unit and in our prior post for April / May 2018 there were 2 condos pending sale  – Unit 15E and Unit 9N both 1 bedroom units!

Great ocean views from this Galt Towers Galt Ocean Mile condo!
Great ocean views from this Galt Towers Galt Ocean Mile condo!

Condo Sales – Last 6 Months

There have been 6 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 June / July 2018!

Our market summary summary for these 6 sales is presented below:

BEDS / BATHS LA SP$
Min 0 / 1 450 $198,000
Max 2 / 2 1350 $350,000
Avg 1 / 1 929 $262,666
Median 1 / 1 950 $246,000

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 $262,666 – this being for a 1 bedroom 1 bathroom unit of 929 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 $246,000 – this being for a 1 bedroom 1 bathroom unit of 950 square feet

It is important to note that the median sales price for Galt Towers condos sold over the last 6 months is down from our last 3 posts!

In our last post the median sales price for a unit sold over the preceding 6 months was higher at $250,000 – 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 higher at $252,500 – this being for a 1 bedroom 1 bathroom unit of 970 square feet

In our prior post the median sales price for a unit sold over the preceding 6 months was higher at $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
0 / 1 450 $218,000 $484.00
1 / 1 950 $242,000 $239.00
2 / 2 1350 $334,000 $259.00

We can see from this report that the median price for

  • Galt Tower Studio units sold has been $218,000 – this being for a 1 bathroom unit of 450 square feet with a sales price too square foot price of $484.00 – In our last post there had been no sales of studio units here in Galt Towers over the last 6 months!
  • 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 $239.00 – In our last post the median for 1 Bedroom Galt Towers condos sold was higher at $246,000 – this being for a 1 bedroom 1 bathroom unit of 900 square feet with a sales price too square foot price of $247.00
  • 2 Bedroom Galt Towers condos sold has been $334,000this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $259.00 – In our last post the median for 2 Bedroom Galt Towers condos sold was higher at $360,000 – this being for a 2 bedroom 2 bathroom unit of 1378 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 $233.00
Max $484.00
Avg $294.00
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 the same as in our last 2 posts!

Also note the highest square foot price paid at $484.00!

% 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 90%
Max 104%
Avg 96%
Median 95%

We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Galt Towers  has been 95%

It is important to note that this is down from 97% in our last 2 posts!

Based on the median sales price to list price of 95% – we would expect a condo listed for sale for $270,000 to sell for 95% of list price or $256,500 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 11
Max 111
Avg 55
Median 55

We can see from this report that BOTH the median and average days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 55 days.

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

CONDO BEDS /BATHS LA SP$
Unit 6A 2 / 2 1350 $350,000
Unit 5H 2 / 2 1350 $318,000
Unit 9N 1 / 1 1047 $250,000
Unit 2P 1 / 1 950 $242,000
Unit 1K 0 / 1 450 $218,000
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 6A a 2 bedroom condo which sold for $350,000

Unit 6A was a 2 bedroom 2 bathroom 1350 square foot unit – this condo sold for $259.00 per square foot.

The unit had 40 days on market and sold for 96% 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 condo units for sale with 9 units for sale – and if your looking for 1 bedroom units we have some units offering a great value for direct oceanfront!.

It is important to note that median prices over the last 6 months have been softening both in list prices and in sales prices making now the perfect for buyers!

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

Kevin Wirth Realtor