View Galt Towers Galt Ocean Mile condos for sale - 4250 Galt Ocean Dr, Fort Lauderdale

Galt Towers Condos

Galt Towers Galt Ocean Mile
Condos for Sale

Welcome to our February 2018  / March 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 7 x Galt Ocean Mile condos for sale here at Galt Towers – 2 of which are new listings 

There have been 5 sales over the last 6 months – and 1 unit is currently 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 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 $210,000 – $449,000

Median Prices

  • List Price $393,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price last 6 Months $267,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $258.00
  • Median Sales to List Price 97%
  • Days on Market 38 Days
View Galt Towers condominium Galt Ocean Mile Fort Lauderdale
Aerial view Galt Towers condominium 4250 Galt Ocean Dr, Fort Lauderdale, Florida

Galt Towers
Condos for Sale

There are 7 x Galt Towers Galt Ocean Mile condos for sale Fort Lauderdale – this is the same number of Galt Towers condos for sale as in our last post for December 2017 / January 2018

The market analysis report for these 7 x Galt Towers condos for sale is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 850 $210,000
Max 2 / 2 1350 $449,000
Avg 2 / 2 1165 $354,000
Median 2 / 2 1198 $393,000

This report shows us that the average price for a Galt Ocean Mile condo for sale in Galt Towers is $354,000 – this being for a 2 bedroom 2 bathroom unit of 1165 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 $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 

In our last post for December 2017 / January 2018 the median price for Galt Towers condos for sale was higher at $379,000 – this being for a 2 bedroom 2 bathroom unit of 1198 square feet with a list price to square foot price of $285.00

Important to note is that the highest price condo for sale has a list price to square foot price of $296.00!

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 1047 $267,000 $255.00
2 / 2 1350 $424,500 $296.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos for sale is $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 – In our last post the median for 1 Bedroom Galt Towers condos for sale was the same at $267,000!
  • 2 Bedroom Galt Towers condos for sale is $424,500this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $296.00 – In our last post the median for 2 Bedroom Galt Towers condos for sale was $28,000 lower at $396,500 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a list price to square foot price of $291.00

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

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo just listed for sale Galt Towers - Unit 4R
View Galt Ocean Mile condo just listed for sale Galt Towers – Unit 4R

Galt Towers
New Listings

There have been 2 new listing of a Galt Towers Galt Ocean Mile condo for sale here in Galt Towers over the last 30 days

There were also 2 new listing in our post – both 1 bedroom units! 

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

CONDO BEDS / BATHS LA LP$
Unit 7T 2 / 2 1350 $449,000
Unit 4R 1 / 1 1047 $310,000

We can see from this report the details for both these units:

Unit 7T a 2 bedroom Galt Towers condo has just been listed for sale for $449,000this 2 bedroom 2 bathroom 1350 square foot unit has a list price to square foot price of $333.00

This Galt Ocean Mile condo is stunning unit set directly on the ocean with ocean views from your private balcony.  This condo has been completely remodeled and offers a split bedroom floor plan and walk in closets on each side!

Unit 4R a 1 bedroom Galt Towers condo has just been listed for sale for $310,000this 1 bedroom 1 bathroom 1047 square foot unit has a list price to square foot price of $296.00

This Galt Ocean Mile condo is a roomy unit set one in from the oceanfront corner.  This remodeled condo has ocean views from the living room, the bedroom and the balcony. The unit is bright and immaculate with an eat in kitchen, walk in closet, extra storage and impact windows and doors!

View Galt Towers Galt Ocean Mile condos pending sale - Unit 2P
View from the 1 x Galt Towers Galt Ocean Mile condo currently pending sale – Unit 2P

Galt Towers
Pending Sales

As at time of writing there is 1 x Galt Towers Galt Ocean Mile condos that are under contract and is pending sale.

In our last post there were 2 condo units pending sale – the first was condo unit 4U a 2 bedroom unit listed for sale for $365,000 and the second was condo unit 10J a 1 bedroom unit listed for sale for $259,000.

Our market analysis report for this unit is presented below

CONDO BEDS / BATHS LA LP$
Unit 2P 1 / 1 950 $268,000

We can see from this report that a 1 bedroom and 1 bedroom unit IS now under contract and pending sale:

Unit 2P a 1 bedroom Galt Towers condo listed for sale for $268,000 is now pending sale – this 1 bedroom 1 bathroom 950 square foot unit has a list price to square foot price of $282.00

This Galt Ocean Mile condo is a rarely available unit with a South East exposure.  The unit is partially renovated, fresh painted and features a custom made European kitchen and cabinets and a washer/dryer in unit as well as a built-in pantry.

View Galt Ocean Mile condo recently sold in Galt Towers - Unit 4U
View Galt Ocean Mile condo recently sold in Galt Towers – Unit 4U

Condo Sales – Last 6 Months

There have been 5 x Galt Towers Galt Ocean Mile condos sold here in Fort Lauderdale over the last 6 months.

This is up from 3 sales over the preceding 6 months as in our last post for December 2017 / January 2018!

Our market summary summary for these 5 sales is presented below:

BEDS / BATHS LA SP$
Min 1 / 1 850 $220,000
Max 2 / 2 1378 $399,000
Avg 1 / 1 1119 $299,700
Median 1 / 1 1047 $267,000

We can see from this report that the median sales price for a unit sold over the last 6 months here in Galt Towers has been $267,000 – this being for a 1 bedroom 1 bathroom unit of 1047 square feet – the same as in our last post!

It is important to note that the median sales prices for Galt Towers Condos are on the rise – up by over 21% or $47,000 from the middle of last year!

 

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 / 1 970 $252,500 $278.00
2 / 2 1364 $379,500 $261.00

We can see from this report that the median price for

  • 1 Bedroom Galt Towers condos sold has been $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 – In our last post the median for 1 Bedroom Galt Towers condos sold was lower at $243,500 – this being for a 1 bedroom 1 bathroom unit of 1008 square feet with a sales price too square foot price of $241.00
  • 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 $261.00 – In our last post the median for 2 Bedroom Galt Towers condos sold was $399,000 – this being for a 2 bedroom 2 bathroom unit of 1350 square feet with a sales price too square foot price of $296.00

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 $260.00
Median $258.00

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 $258.00 per square foot – down ever so slightly from $259.00 in our last post!

Despite a tiny drop this month, it is important to note that sales prices to square foot prices for Galt Ocean Mile condos here in Galt Towers have been on the rise – up from from $239.00 just a few months ago!

% 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 96%
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 down from 98% 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 0
Max 223
Avg 78
Median 38

We can see from this report that the average days on market for a Fort Lauderdale Condo for Sale in Galt Towers is 78 days.

More importantly however is the median days on market at just 38 days – well down from 129 days or over 4 months 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 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 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 15F 1 / 1 970 $220,000

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 with a nice mix of 1 and 2 bedroom units on offer!

Prices from just $210,000 upwards reflect the great value Galt Ocean Mile condos in this complex can offer!

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

Kevin Wirth Realtor