View Galt Ocean Mile condo for sale The Galleon Fort Lauderdale

The Galleon Condos

The Galleon Condos
Fort Lauderdale

Welcome to our August / September 2017 post on The Galleon Condos for Sale Fort Lauderdale.

Fort Lauderdale condos for sale here in The Galleon are highly sought afteras these direct oceanfront units are set right on the beach here on Galt Ocean Mile.

 

Search The Galleon Condos for Sale

 

At the time of writing this Blog there are just 3 condos for sale here at The Galleon on Galt Ocean Mile.

There are currently 2 units pending sale and a total of 7 units have been sold 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 for units over the last 6 months!

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

Key Statistics for Buyers / Sellers
  • Prices from $345,000 – $1,199,788
  • Median List Price $499,000
     – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $400,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Square Foot Price $238.00
  • Median Sales to List Price 94%
  • Days on Market 71 Days
View The Galleon condominium Galt Ocean Mile Fort Lauderdale
View of the The Galleon condominium Galt Ocean Mile Fort Lauderdale

The Galleon
Condos for Sale

There are currently just 3 x Fort Lauderdale oceanfront condos for sale here in The Galleon on Galt Ocean Mile.

Note the number of condos for sale is down from 5 condos for sale in our last post on The Galleon Condos for sale for June / July 2017 

Our market analysis for these 3 x Galt Ocean Mile oceanfront condos for sale is presented below.

BEDS / BATH S LA LP$
Min 1 / 1 1150 $345,000
Max 3 / 2 2900 $1,199,788
Avg 2 / 2 1978 $681,263
Median 2 / 2 1886 $499,000

We can see from this report that the median price for a Fort Lauderdale condo for sale here in The Galleon is $499,000 – this being for a 2 bedroom 2 bathroom unit of 1886 square feet.

In our last post the median price for a condo for sale here in The Galleon was $349,900 – this being for a 1 bedroom 1 bathroom unit of 1280 square feet.

In our prior post the median price for a condo for sale here in The Galleon was $479,900 – this being for a 2 bedroom 2 bathroom unit of 2055 square feet.

In our earlier post the median price for a condo for sale here in The Galleon was $495,000 – this being for a 2 bedroom 2 bathroom unit of 1850 square feet.

We can also see from this report the range of prices for Galleon condos for sale – which start at $345,000 for a 1 bedroom unit and go upto $1,199,788 for a luxury 3 bedroom unit.

Square Foot Prices
Condos for Sale

Here is our market summary report showing square foot prices for Fort Lauderdale Condos here in The Galleon on Galt Ocean Mile.

LP$/SqFt
Min $265.00
Max $414.00
Avg $326.00
Median $300.00

We can see from this report that the average price per square foot for a unit here in The Galleon is $326.00 – per square foot.

We can also see from this report that median list price to square foot price for a Galt Ocean MIle condo for sale here in The Galleon is $300.00 – up from $294.00 as in last post!

Also note the highest square foot price for a Galleon oceanfront condo for sale at $414.00 per square foot!

View of one of The Galleon condos for sale Galt Ocean Mile Fort Lauderdale
View of one of The Galleon condos for sale Galt Ocean Mile Fort Lauderdale

The Galleon
Prices by Bedroom

Here is our market summary report showing median price for condos for sale here in The Galleon by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1190 $345,000 $294.00
2 / 2 1886 $499,000 $265.00
3 / 2 2900 $1,199,788 $414.00

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

  • 1 Bedroom condos for sale in The Galleon is $345,000 – this being for a 1 bedroom 1 bathroom unit of 1190 square feet with a list price to square foot price of $294.00
  • 2 Bedroom condos for sale in The Galleon is $499,000 – this being for a 2 bedroom 2 bathroom unit of 1886 square feet with a list price to square foot price of $265.00
  • 3 Bedroom condos for sale in The Galleon is $1,199,788 – this being for a 3 bedroom 2 bathroom unit of 2900 square feet with a list price to square foot price of $414.00

The Galleon Condos
New Listings

There have been no new listings on the MLS for Galt Ocean Mile condos for sale here in The Galleon over the last 30 days!

This is the same number of new listings of condos for sale as in our last post for June / July 2017!

View Galt Ocean Mile condo 509 pending sale in The Galleon Fort Lauderdale
View Galt Ocean Mile condo 509 pending sale in The Galleon Fort Lauderdale

The Galleon Condos
Pending Sales

There are currently 2 condos pending sale here in The Galleon Fort Lauderdale – this is down from 3 condos pending sale as in our last post!

The market analysis report for these 2 condos is presented below:

CONDO BEDS / BATHS LA LP$
Unit 110 2 / 2 1950 $440,000
Unit 509 1 / 1 1190 $349,900

We can see from this report that:

The Galleon condo unit 110 offered for sale for $440,000 is now pending salethis 2 bedroom 2 bathroom 1950 square foot unit has a list price to square foot price of $226.00.  

This Galt Ocean Mile condo is a “Lanai Unit” and as such is just steps to the sand.   This is one of the few select units on the pool deck here in the Galleon.

The Galleon condo unit 509 offered for sale for $349,900 is now pending sale – this 1 bedroom 1 bathroom 1190 square foot unit has a list price to square foot price of $294.00.

This Galt Ocean Mile condo offers “Stunning” ocean views from the moment you step in! Every room has a wall of floor to ceiling windows with unobstructed ocean views.   The unit has an over-sized 42′ balcony spanning length of unit with access from living room and master bedroom.

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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

 

The Galleon Condos
Recent Sales – Last 6 Months

There have been 7 x Galt Ocean Mile condos here in The Galleon that have been sold over the last 6 months!

This is up slightly from 6 units sold as in our last post on Galleon condos for June / July 2017!

The market analysis report for these 7 x direct oceanfront units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1150 $270,000
Max 3 / 2 2480 $515,000
Avg 2 / 2 1544 $387,921
Median 2 / 2 1360 $400,000

We can see from this report that the median price for a Galt Ocean Mile condo sold here in Galleon has been $400,000 – this being for a 2 bedroom 2 bathroom unit

In our last post the median price for a Galt Ocean Mile condo sold here in Galleon was $387,500 – this being for a 1 bedroom 1 bathroom unit

In our last post the median price for a Galt Ocean Mile condo sold here in Galleon was $483,725 – this being for a 2 bedroom 2 bathroom unit 

Oceanfront views Galt Ocean Mile condo recently sold The Galleon - Unit 1709
Oceanfront views Galt Ocean Mile condo recently sold The Galleon – Unit 1709

The Galleon
Sale Prices by Bedroom

Here is our market summary report showing median sales price for condos sold here in The Galleon over the last 6 months by bedroom!

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1280 $323,000 $238.00
2 / 2 1500 $417,450 $267.00
3 / 2 2480 $515,000 $208.00

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

  • 1 Bedroom condos sold in The Galleon is $323,000 – this being for a 1 bedroom 1 bathroom unit of 1280 square feet with a list price to square foot price of $238.00.  In our last post the median price for 1 Bedroom condos sold in The Galleon was higher at $340,000 – this being for a 1 bedroom 1 bathroom unit of 1360 square feet with a list price to square foot price of $276.00
  • 2 Bedroom condos sold in The Galleon is $417,450 – this being for a 2 bedroom 2 bathroom unit of 1500 square feet with a list price to square foot price of $267.00. In our last post the median price for 2 Bedroom condos sold in The Galleon was the same at $417,450 – this also being for a 2 bedroom 2 bathroom unit of 1500 square feet with a list price to square foot price of $267.00.
  • 3 Bedroom condos sold in The Galleon is $515,000 – this being from a 3 bedroom 2 bathroom 2480 square foot unit with a sales price to square foot price of $208.00In our last post there had been no 3 Bedroom condos sold in The Galleon over the preceding 6 months!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for ALL of the Fort Lauderdale Condos sold in The Galleon over the last 6 months.

SP$/SqFt
Min $208.00
Max $378.00
Avg $260.00
Median $238.00

We can see from this report that the median sales price to square foot price paid for a The Galleon condo sold over the last 6 months has been $238.00 per square foot – which is well down from $271.00 per square foot as in our last post!

Also important to note is the highest price paid at $378.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Condos for sale here in The Galleon – 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 81%
Max 97%
Avg 92%
Median 94%

We can see from this report that the median sales price to list price for Galt Ocean Mile condos sold here in The Galleon  over the last 6 months has been 94%!

It is important to note that this is down from 96% in our last post!

A sales price to list price of 94% means of a condo was listed for sale for $500,000 then based on MLS data it could be expected to sell for 96% of the list price or $470,000!

Days on Market

Days on market for Condos for Sale in The Galleon 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 19
Max 238
Avg 113
Median 71

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Galleon is 71 days or just over 10 weeks!

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

The Galleon Condos
Units Sold – Last 6 Months

Here is our market analysis report showing the details for each of the Galt Ocean Mile condos sold here in The Galleon Fort Lauderdale over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 701 3 / 2 2480 $515,000
Unit 1709 2 / 2 1190 $450,000
Unit 606 2 / 2 1850 $417,450
Unit 1811 2 / 2 1500 $400,000
Unit 409 1 / 1 1150 $340,000
Unit 803 1 / 1 1360 $323,000
Unit 504 1 / 1 1280 $270,000

We can see from this report that the most expensive unit sold here in The Galleon over the last 6 months (Unit 701) sold for $515,000

This 3 bedroom 2 bathroom 2480 square foot unit had a sales price to square foot price of $208.00

Unit 701 had 49 days on market and sold for 91% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

Mt Thoughts / Summary

The Galleon is a great well run condominium – with very spacious units offering superb views and amenities.

Currently we have a small inventory of condos for sale with just 1 x 1 bedroom, 1 x 2 bedroom and 1 x 3 bedroom unit on offer!

We have seen good sales activity so far this year and it is great to see that 2 more units are now pending sale!

I hope you have enjoyed reading my blog on Fort Lauderdale condos for sale here in The Galleon  – by Kevin Wirth Realtor