View Southpoint 3410 Galt Ocean Drive Fort Lauderdale condo for sale

Southpoint Condos

Southpoint
Galt Ocean Mile Condos

Welcome to our August 2018 / September 2018 post on Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

Southpoint is a direct oceanfront condominium of two separate towers set right on the beachfront here in Galt Ocean Mile.

The condominium also has 2 separate postal addresses 3400 & 3410 Galt Ocean Drive here in Fort Lauderdale

 

Search All Southpoint Condos for Sale

 

There are 21 x Southpoint Galt Ocean Mile condos for sale – 1 of which is a new listing. 

There have been 8 closed sales in the complex in the last 6 months and 3 units are 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 prices to list price %) as well as the highest prices paid for units over the last 6 months!

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

Southpoint
Galt Ocean Mile – Key Statistics
Southpoint Condominium complex in Fort Lauderdale, Florida
Address: 3400 Galt Ocean Dr, Fort Lauderdale, FL 33308

  • Prices from $333,000 – $875,000
  • Median List Price $618,000
     – for a 2 bedroom 2 bathroom unit

Median Sales Prices

  • Sales Price last 6 Months $517,500
    – for a 2 bedroom 2 bathroom unit
  • Sales Price to Sq Ft Price $309.00
  • Sales Price to List Price 92%
  • Days on Market 52 Days
View Southpoint condominium 3400-3410 Galt Ocean Drive Fort Lauderdale
View of the two towers of Southpoint condominium here at 3400-3410 Galt Ocean Drive!

Southpoint Condos for Sale
Market Report

The following market report is for the 21 x Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale FL

It is important to note that the number of Southpoint condos for sale is well up from our last 2 posts!

In our last post for June / July 2018 there were 16 Southpoint condos for sale and in our prior post for April / May 2018 there were 12 condos for sale!

Our market summary report for these 21 units is presented below:

BEDS / BATHS LA LP$
Min 1 / 1 1265 $333,000
Max 3 / 2 2112 $875,000
Avg 2 / 2 1703 $603,376
Median 2 / 2 1662 $618,000

We can see from the market report on units for sale that the average price for a Southpoint condo for sale is $603,376 – this being for a 2 bedroom 2 bathroom unit of 1703 square feet

We can also see from the market report on units for sale that the median price for a unit is $618,000 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

It is important to note that the median list price this month is down by over $21,000 from our last 2 posts!

In our last post the median price for a unit for sale was $632,000 – this being for a 2 bedroom 2 bathroom unit of 1760 square feet

In our last post the median price for a unit for sale was $639,450 – this being for a 2 bedroom 2 bathroom unit of 1662 square feet

View Southpoint condominium 3400 & 3410 Galt Ocean Drive Fort Lauderdale Florida
View Southpoint condominium 3400 & 3410 Galt Ocean Drive Fort Lauderdale Florida

Southpoint Condos for Sale
Prices by Bedroom

Here is our market summary report showing median prices for Southpoint Galt Ocean Mile condos for sale by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1265 $361,000 $285.00
2 / 2 1662 $619,950 $374.00
3 / 2 2112 $753,000 $357.00

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

  • 1 bedroom condos for sale is $361,000this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $285.00.  In our last post the median for 1 bedroom condos for sale was higher at $395,000 – this being for a 1 bedroom 1 bathroom 1265 square foot unit with a list price to square foot price of $312.00.
  • 2 bedroom condos for sale is $619,950 – this being for a 2 bedroom 2 bathroom 1662 square foot unit with a list price to square foot price of $374.00.   In our last post the median for 2 bedroom condos for sale was higher at $632,000 – this being for a 2 bedroom 2 bathroom 1760 square foot unit with a list price to square foot price of $347.00.
  • 3 bedroom condos for sale is $753,000 – this being for a 3 bedroom 2 bathroom 2112 square foot unit with a list price to square foot price of $357.00.   In our last post the median for 3 bedroom condos for sale was the same at $753,000 – this being for a 3 bedroom 2 bathroom 2112 square foot unit with a list price to square foot price of $357.00.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337

Click here to email me now

Search Galt Ocean Mile Condos for Sale
View Galt Ocean Mile New Listings

View Southpoint 3410 Galt Ocean Drive Fort Lauderdale condo just listed for sale 205N
View Southpoint Galt Ocean Drive Fort Lauderdale condo just listed for sale – Unit 205N

Southpoint Condos
New Listings

There have been just 1 new listing of Southpoint Galt Ocean Mile condos for sale here in Fort Lauderdale over the last 30 days.

In our last post there were 8 new listings of Southpoint condos for sale – all them 2 bedroom units!

Our market summary report for this new listing is presented below:

CONDO BEDS / BATHS LA LP$
Unit 205N 2 / 2 1662 $489,000

We can see from this report that Unit 205N a 2 bedroom Southpoint condo has just been listed for sale at $489,000this 2 bedroom 2 bathroom 1662 square feet unit has a list price to square foot price of $294.00

This Galt Ocean Mile condo for sale features a renovated kitchen with granite tops and stainless steel appliances. 

The unit has tile and laminate floors and 2 master bedrooms with walk-in closets.   The unit has a washer/dryer and impact windows! 

View Southpoint 3410 Galt Ocean Drive Fort Lauderdale condo pending sale - Unit 206N
View Southpoint Galt Ocean Drive Fort Lauderdale condo pending sale – Unit 206N

Southpoint Condos
Pending Sales

There are currently 3 x Southpoint Galt Ocean Mile condos pending sale

In our last post there were also 3 condos pending sale here in Southpoint – these being unit 1705 S a 2 bedroom unit, Unit 608S and Unit 1408S – both 1 bedroom units!

Our market analysis report for these condos is presented below

CONDO BEDS / BATHS LA LP$
Unit 407S 2 / 2 1662 $499,000
Unit 608S 1 / 1 1265 $410,000
Unit 206N 1 / 1 1265 $275,000

We can see from this report that:

Unit 407 S a 2 bedroom Southpoint condo listed for sale for $499,000 is now pending sale  – this 2 bedroom 2 bathroom 1662 square foot unit has a list price to square foot price of $300.00

Unit 608 S a 1 bedroom Southpoint condo listed for sale for $410,000 is now pending sale  this 1 bedroom 1 bathroom 1265 square foot unit has a list price to square foot price of $324.00

Unit 206 N a 1 bedroom Southpoint condo listed for sale for $275,000 is now pending sale  this 1 bedroom 1 bathroom 1265 square foot unit has a list price to square foot price of $217.00

View Galt Ocean Mile condo recently sold Southpoint Fort Lauderdale Unit 2005N
View Galt Ocean Mile condo recently sold Southpoint Fort Lauderdale – Unit 2005N

Southpoint Condo Sales
Last 6 Months

There have been 8 sales of Fort Lauderdale condos in South Point Galt Ocean Mile over the last 6 Months

This is up from the 6 condos sold over the preceding 6 months as in our last 2 posts for June / July 2018 and for April / May 2018!

The market analysis report for these 8 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1153 $333,000
Max 2 / 2 1891 $805,000
Avg 2 / 2 1616 $523,125
Median 2 / 2 1662 $517,500

We can see from this report that the median sales price for a Fort Lauderdale condo sold here in Southpoint has been $517,500.

In our last post the median sales price for a Fort Lauderdale condo sold here in Southpoint was $407,500.

In our prior post the median sales price for a Fort Lauderdale condo sold here in Southpoint was $467,500.

It is very important to note that the median sales price is back on the rise having softened for most of this year – 2018!

The median sales price in this report and our last reports are all based on the sales of 2 bedroom 2 bathroom units.

Southpoint Condo Sales
Prices by Bedroom

Here are the median sales prices for Southpoint Galt Ocean Mile condos sold over the last 6 months by bedroom.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1153 $341,500 $296.00
2 / 2 1760 $597,500 $324.00

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

  • 1 Bedroom Southpoint Condos has been $341,500 – this being for a 1 bedroom 1 bathroom unit of 1153 square feet with a sales price to square foot price of $296.00 – In our last post the median sales price for a 1 bedroom unit was higher at $364,000 – this being for a 1 bedroom 1 bathroom unit of 1209 square feet with a sales price to square foot price of $301.00
  • 2 Bedroom Southpoint Condos has been $597,500 – this being for a 1760 square foot unit with a sales price to square foot price of $324.00 – In our last post the median sales price for a 2 bedroom unit was lower at $515,000 – this being for a 1662 square foot unit with a sales price to square foot price of $310.00
  • There have been no 3 Bedroom Southpoint Condos sold over the last 6 months based on MLS records – In the last post when 3 bedroom units had been sold the median sales price for a 3 bedroom unit was $650,050 – this being for a 3 bedroom 2 bathroom 2112 square foot unit with a sales price to square foot price of $308.00

Square Foot Prices
Condos Sold

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

SP$/SqFt
Min $253.00
Max $426.00
Avg $320.00
Median $309.00

We can see from this report that the median sales price to square foot price at $309.00which is up from $301.00 in our last post!

Also important to note is the highest square foot price paid at $426.00 per square foot!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Southpoint 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 86%
Max 99%
Avg 92%
Median 92%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale condo here in Southpoint  has been 92%

In our last post for June / July 2018 the median was 93%.

This means if a Fort Lauderdale condo for sale here in Southpoint is listed at $625,000 – then based on median sales data the condo could be expected to sell for 92% of that amount or $575,000 – based on median MLS data!

Days on Market

Days on market for Southpoint Galt Ocean Mile condos for sale is an important indicator on how strong demand is for Fort Lauderdale condos for sale in this complex.

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

DOM
Min 22
Max 160
Avg 70
Median 52

We can see from this report that the average days on market for a Fort Lauderdale condo for Sale in Southpoint is 70 days or 10 weeks!

More importantly is the median days on market at 52 weeks down from 74 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.

Southpoint
Condo Sales Itemized

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

CONDO BEDS / BATHS LA SP$
Unit 1402N 2 / 2 1891 $805,000
Unit 901S 2 / 2 1891 $632,000
Unit 2005N 2 / 2 1662 $610,000
Unit 1710S 2 / 2 1859 $585,000
Unit 606S 2 / 2 1662 $450,000
Unit 1203S 2 / 2 1662 $420,000
Unit 1408S 1 / 1 1153 $350,000
Unit 1705S 1 / 1 1153 $333,000

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 1402 N (North Tower) a 2 bedroom condo which sold for $805,000.

This 2 bedroom 2 bathroom 1891 square foot unit has a sales price to square foot price of $426.00

This condo had 150 days on market and sold for 98% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Southpoint Galt Ocean Mile condos are units in a great direct oceanfront complex here on the famous Galt Mile in Fort Lauderdale.

We currently have a great of condos for sale with 21 units for sale including 1, 2 and 3 bedroom units.

There are some nice 2 bedroom 2 bathroom units too – with 18 units for sale AND there is some great value to be had too!

It is also very important to note that median list prices are dropping while median sales prices here in Southpoint are back on the rise!

I hope you have enjoyed my Post on Southpoint Condos Fort Lauderdale for Sale

Kevin Wirth Fort Lauderdale Realtor