View from one of The Galleon condos for sale Fort Lauderdale

The Galleon Condos

The Galleon Condos
Fort Lauderdale

Welcome to our December 2016 / January 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 10 condo units for sale here at The Galleon on Galt Ocean Mile – 5 of which are new listings!

There are currently 2 units pending sale and a total of 4 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 $340,000 – $1,397,450
  • Median List Price $467,450
     – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $495,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Square Foot Price $251.00
  • Median Sales to List Price 90%
  • Days on Market 137 Days
View The Galleon condominium Galt Ocean Mile Fort Lauderdale
View The Galleon condominium Galt Ocean Mile Fort Lauderdale

The Galleon
Condos for Sale

Here is our market analysis report for the 10 x Fort Lauderdale condos for sale in The Galleon – this is up from 6 condos as in our last post on The Galleon Condos for sale for Oct / Nov 2016!

$$  Beds/Baths SF/FF List Price
High 3 / 2 2,900 $1,397,450
Low 1 / 1 1,150 $340,000
Avg 2 / 2 1,788 $549,835
Med 2 / 2 1,850 $467,450


We can see from this report that the median price for a Fort Lauderdale condo for sale here in The Galleon is $467,450 –
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 $340,000 for a 1 bedroom unit and go upto $1,397,450 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
High $482
Low $238
Avg $311
Med $301

We can see from this report that the average price per square foot for a unit here in The Galleon is $315.00 – per square foot.

We can also see that median list price to square foot price is $301.00 – up from 280.00 per square foot in our last post!

Also note the highest sq ft price at $482.00!

View from one of The Galleon 3 bedroom condos for sale Fort Lauderdale
View from a 3 bedroom condo for sale in The Galleon

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 SF/FF List Price LP$/SqFt
1 / 1 1,417 $362,000 $275
2 / 2 1,943 $539,000 $325
3 / 2 2,900 $1,397,450 $482

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

  • 1 Bedroom condos for sale in The Galleon is $362,000 – this being for a 1 bedroom 1 bathroom unit of 1417 square feet with a list price to square foot price of $275.00 – In our last post the median for 1 Bedroom condos was a little higher at $367,000 – this being for a 1 bedroom 1 bathroom unit of 1360 square feet with a list price to square foot price of $280.00
  • 2 Bedroom condos for sale in The Galleon is $539,000 – this being for a 2 bedroom 2 bathroom unit of 1943 square feet with a list price to square foot price of $325.00  – There were no 2 bedroom units for sale in our last post!
  • 3 Bedroom condos for sale in The Galleon is $1,39,450 – this being for a 3 bedroom 2 bathroom unit of 2900 square feet with a list price to square foot price of $482.00 – In our last post the median for 3 bedroom condos for sale was lower at $998,725 – this being for a 3 bedroom 2 bathroom unit of 2783 square feet with a list price to square foot price of $371.00
View from a 2 bedroom Galt Ocean Mile condo just listed for sale in The Galleon
View from a 2 bedroom Galt Ocean Mile condo just listed for sale in The Galleon

The Galleon Condos
New Listings

There have been 5 new listings on the MLS for condos for sale here in The Galleon over the last 30 days – in our last 2 post were no new listings in each of the the preceding 30 days.

Our market analysis report for these 5 new listings is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 2,000 $649,000
Low 1 / 1 1,150 $365,000
Avg 2 / 2 1,695 $473,580
Med 2 / 2 1,850 $439,900

We can see from this report that the median price for a new listing of a Galt Ocean Mile condo for sale here in The Galleon is $439,900this being for a 2 bedroom 2 bathroom 1850 square foot unit with a list price to square foot price of $285.00

We can also see that the lowest price for a new listing is $365,000 – this being for a 1 bedroom 1 bathroom unit and that the highest priced new listing is offered for sale for $649,000 this being for a 2 bedroom 2 bathroom 2000 square foot unit.

View from a 1 bedroom Galt Ocean Mile condo pending sale in The Galleon
View from a 1 bedroom Galt Ocean Mile condo pending sale in The Galleon

The Galleon Condos
Pending Sales

There are currently 2 units pending sale here in The Galleon Fort Lauderdale – up from 1 unit pending sale as in our last post!

The market analysis report for this condo is presented below:

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,950 $440,000 $225
1 / 1 1,360 $389,000 $286


We can see from this report that:

Unit 110 listed for sale for $440,000 is now pending sale – this 2 bedroom 2 bathroom 1950 square foot unit has a list price to square foot price of $225.00

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

 

Unit 403 listed for sale for $389,000 is now pending sale – this 3 bedroom 2 bathroom 1360 square foot unit has a list price to square foot price of $286.00

The Galt Ocean Mile condo is a completely renovated unit with a South East direct ocean view.  The unit has new plumbing, a new A/C and new water heater.

 

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

 

View from a direct oceanfront condo recently sold here in The Galleon - Unit 1211
View from a direct oceanfront condo recently sold here in The Galleon – Unit 1211

The Galleon Condos
Recent Sales – Last 6 Months

There have been 4 x Galt Ocean Mile condos here in The Galleon that have been sold over the last 6 months

This is the sane number of units sold as in our last post!

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

 $$ Beds/Baths SF/FF Sale Price
High 3 / 3 2,900 $650,000
Low 2 / 2 1,720 $435,000
Avg 2 / 2 2,321 $518,750
Med 2 / 2 2,333 $495,000


We can see from this report that the median price for a condo sold here in Galleon has been
$495,000 – this being for a 2 bedroom 2 bathroom unit of 2333 square feet

In our last post the median price for a condo sold here in Galleon was $437,500 – this being for a 2 bedroom 2 bathroom unit of 1745 square feet

In our prior post the median price for a condo sold here in Galleon was also $435,000 – this being for a 2 bedroom 2 bathroom unit of 1720 square feet

The Galleon
Prices by Bedroom

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

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 2 1,860 $437,500 $258
3 / 2 2,783 $600,000 $251

We can see from this report that the median sales prices for:

  • 1 Bedroom condos sold here in The Galleon was $437,500 – this being for a 1 bedroom 1 bathroom unit of 1860 square feet with a sales price to square foot price of $258.00
  • 2 Bedroom condos sold here in The Galleon was $539,000 – this being for a 2 bedroom 2 bathroom unit of 1943 square feet with a sales price to square foot price of $251.00

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
High $299
Low $218
Avg $254
Med $251

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 $251.00 per square foot – which is the same as in our last post!

Also important to note is the highest price paid at $299.00!

% 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$/LP$
High 90%
Low 89%
Avg 90%
Med 90%

We can see from this report that the median sales price to list price for condos sold here in The Galleon  over the last 6 months has been 90%!

It is important to note that while this is down from 92% in our last post and 95% in our prior post!

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.

 $$ Days on Market
High 217
Low 91
Avg 145
Med 137

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Galleon is 137 days  – which  is also the same 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.

The Galleon Condos
Units Sold – Last 6 Months

Here is our market analysis report showing the details for each of the 4 x Galt Ocean Mile condos sold here in The Galleon Fort Lauderdale over the last 6 months

 Condo Beds/Baths SF/FF Sale Price
Unit1501 3 / 2 2,900 $650,000
Unit 501 3 / 3 2,667 $550,000
Unit1211 2 / 2 1,720 $440,000
Unit 208 2 / 2 2,000 $435,000

We can see from this report that the most expensive unit sold here in The Galleon over the last 6 months (Unit 1501) sold for $650,000

This 3 bedroom 2 bathroom 2900 square foot unit had a sales price to square foot price of $262.00

Unit 1501 had 217 days on market – just over 7 months. 

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 great range of condos for sale with 10 units for sale.

It is great to see that we have a good range of 2 bedroom condos for sale – especially after having no 2 bedroom units for sale as in our last post!

2 Bedroom Galt Ocean Mile condos here in The Galleon – continue to be very popular.  In my mind for the price of these units it is hard to match the space these condos offer, the layout and the balcony size / views.

And of course they are direct oceanfront units too!

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