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Royal Ambassador Condos

Royal Ambassador
Galt Ocean Mile Condos for Sale

Welcome to my April / May 2018 post on Royal Ambassador Galt Ocean Mile Condos for Sale Fort Lauderdale.

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

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There are currently 6 x Royal Ambassador Galt Ocean Mile condos for sale – 1 of which is a listing!

There have been 5 sales of condos here 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 prices to list price %) as well as the highest prices paid over the last 6 months!

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

Royal Ambassador
Galt Ocean Mile – Key Statistics
Royal Ambassador Address: 3700 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $254,000 – $479,900

Median Prices

  • Sales Price last 6 Months $290,000
    – 1 Bedroom 1 Bathroom Unit
  • Median Sales Price to Sq Ft Price $343.00
  • Median Sales to List Price 98%
  • Days on Market 90 Days
View Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale
View of Royal Ambassador 3700 Galt Ocean Drive Fort Lauderdale

Royal Ambassador
Condos for Sale

There are currently 6 x Royal Ambassador Galt Ocean Mile condos for sale here in Fort Lauderdale Florida – this is up from the 4 x Royal Ambassador condos for sale as in our last post for February / March 2018

Here is the market report is for these 6 x Royal Ambassador condos for sale Fort Lauderdale

BEDS / BATHS LA LP$
Min 1 / 1 800 $254,000
Max 2 / 2 1130 $479,900
Avg 1 / 1 932 $341,983
Median 1 / 1 800 $292,000

We can see from this report that the average price for a unit for sale in Royal Ambassador is currently $341,983 – this being for a 1 bedroom 1 bathroom unit of 932 square feet!

We can also see from this report that the median price for a unit for sale  is $292,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet!

Pool and ocean views Galt Ocean Mile condo for sale Royal Ambassador
Pool and ocean views Galt Ocean Mile condo for sale Royal Ambassador

Royal Ambassador
Prices by Bedroom

Here are the median prices for Royal Ambassador Galt Ocean Mile condos for sale by unit / by bedroom – and a comparison to median prices for units for sale by bedroom based on our last post:

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 800 $264,000 $328.00
2 / 2 1130 $477,450 $423.00

We can see that the median price for:

  • 1 Bedroom Royal Ambassador condos for sale is $264,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $328.00 – In our prior post the median price for 1 Bedroom Royal Ambassador condos for sale was higher at $279,900 – this being for a 1 bedroom 1 bathroom unit of 800 square feet with a list price to square foot price of $350.00
  • 2 Bedroom Royal Ambassador condos for sale is $477,450 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet with a list price to square foot price of $423.00  – In our prior post the median price was higher at $549,000 – this being for a 2 bedroom 2 bathroom unit of 1130 square feet with a list price to square foot price of $439.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?

Call Me Today!

Kevin Wirth P.A.  – Realtor
Galt Ocean Mile Specialist
954-459-0337

kevinsellsmore@gmail.com

Click here to email me now

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Royal Ambassador
New Condo Listings

There have been 1 new listing of a Royal Ambassador Galt Ocean Mile condo for sale over the last 30 days – this is down from 2 new listings as in our last post!

Our Market Analysis report for this new listings is presented below:

BEDS / BATHS LA LP$
Unit 1704 1 / 1 800 $315,000

We can see from this report that Unit 1704 a 1 bedroom Royal Ambassador condo has just been listed for sale for $315,000this 1 bedroom 1 bathroom 800 square foot unit has a list price to square foot price of $332.00

Unit 1704 is a beautiful, updated, bright and spacious Penthouse unit with Ocean views!

The unit features: large impact windows and door, an open glass balcony with gorgeous ocean and city views, an open kitchen with Corian counter tops, crown moldings and a walk-in closet!

View Galt Ocean Mile condo recently sold Royal Ambassador Fort Lauderdale - Unit 1703
View Galt Ocean Mile condo recently sold Royal Ambassador Fort Lauderdale – Unit 1703

Royal Ambassador
Pending Sales

There are currently no Royal Ambassador Galt Ocean Mile condos pending sale – This is the same as in our last post for Jan / Feb 2018!

Royal Ambassador
Recent Sales – Last 6 Months

There have been 5 sales of Royal Ambassador Galt Ocean Mile condos over the last 6 months

In our last post there had been 4 sales of Royal Ambassador condos for sale as in our last post – all of these sales were for 1 bedroom units!

Our market analysis report for these 5 units sold is presented below.

 

BEDS / BATHS LA SP$
Min 1 / 1 800 $229,000
Max 2 / 2 1250 $515,000
Avg 1 / 1 912 $318,600
Median 1 / 1 800 $290,000

We can see from this report that the average sales price for a unit here in Royal Ambassador over the last 6 months has been $290,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet!

We can also see that the median sales price for a unit here in Royal Ambassador has been $290,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet!

In our last post the median sales price for a unit sold over the preceding 6 months in Royal Ambassador was lower at $274,500 – this being for a 1 bedroom 1 bathroom unit of 800 square feet!

In our prior post the median sales price for a unit sold over the preceding 6 months in Royal Ambassador was lower at $252,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Royal Ambassador condos sold over the last 6 months.

SP$/SqFt
Min $286.00
Max $412.00
Avg $346.00
Median $343.00

We can see from this report that the median sales price to square foot price paid for a Royal Ambassador condo sold over the last 6 months has been $343.00 per sq ft – up from the median sales price to square foot price of $324.00 as in our last post and $301.00 in our pror post!

It is also important to note is the highest price paid at $412.00!

% Sales to List Price

An important real estate indicator is how much  buyers are paying for Royal Ambassador 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 94%
Max 100%
Avg 98%
Median 98%

We can see from this report that median sales price to list price for Royal Ambassador Galt Ocean Mile condos over the last 6 months has been 98% – down from 99% in our last post!

This means if a Fort Lauderdale condo for sale here in Royal Ambassador is listed at $350,000 – then based on median sales data the condo could  be expected to sell for 98% of that amount or $343,000 based on MLS data.

Days on Market

Days on market for Galt Ocean Mile Condos for Sale in Royal Ambassador 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 274
Avg 108
Median 90

We can see from this report that the median days on market for a Fort Lauderdale condo for sale in Royal Ambassador is 90 days or just 3 months!

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

Royal Ambassador
Condo Sales Itemized

Here is the data for each of the Royal Ambassador Galt Ocean Mile condos sold over the last 6 months

BEDS / BATHS LA SP$
Unit 1606 2 / 2 1250 $515,000
Unit 304 1 / 1 800 $300,000
Unit 1612 1 / 1 800 $290,000
Unit 1703 1 / 1 800 $259,000
Unit 1412 1 / 1 800 $229,000

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 1606 a 1 bedroom 1 bathroom condo which sold for $515,000!

Unit 1606 sold for 97% of its list price and the unit had 91 days or just over 3 months on market!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Royal Ambassador Galt Ocean Mile condos are popular direct oceanfront units here on the famous Galt Mile Beach – and this complex I really love!

We currently have a good range of condos for sale…up from 4 units in our prior post.

Sales activity has slow over the last 6 months – which in my mind has been driven by a low level of inventory of condos for sale and rising median prices!

I hope you have enjoyed this post on Royal Ambassador Galt Ocean Mile Condos for Sale – by Kevin Wirth Realtor