View from one of The Galleon Galt Ocean Mile condos for sale 4100 Galt Ocean Drive Fort Lauderdale

The Galleon Condos

The Galleon
Galt Ocean Mile Condos

Welcome to our December 2017 / January 2018 post on The Galleon Galt Ocean Mile 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 – 1 of which is a new listings!

There is currently 4 units pending sale and 2 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!

The Galleon
Galt Ocean Mile – Key Statistics
Galleon Condominium Apartments Inc Fort Lauderdale, Florida
Address: 4100 Galt Ocean Dr, Fort Lauderdale, FL 33308
  • Prices from $345,000 – $1,199,500
  • Median List Price $499,000
     – 2 Bedroom 2 Bathroom Unit

Median Sales Prices

  • Sales Price last 6 Months $634,000
  • Sales Price to Square Foot Price $303.00
  • Median Sales to List Price 95%
  • Days on Market 62 Days
The Galleon Galt Ocean Mile Fort Lauderdale
View of The Galleon here on Galt Ocean Mile in Fort Lauderdale FL

The Galleon
Condos for Sale

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

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 October / November 2017 

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

BEDS / BATHS LA LP$
Min 1 / 1 1150 $345,000
Max 3 / 2 2740 $1,199,500
Avg 2 / 2 1925 $681,167
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.

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 $1,199,500 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 Galt Ocean Mile.

LP$/SqFt
Min $265.00
Max $438.00
Avg $334.00
Median $300.00

We can see from this report that the average price per square foot for a unit here in The Galleon is $334.00 – 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 – down from $307.00 in our last post!

Also note the highest square foot price for a Galleon oceanfront condo for sale at $438.00 per square foot!

The Galleon condominium Galt Ocean Mile 4100 Galt Ocean Drive Fort Lauderdale FL
The Galleon condominium 4100 Galt Ocean Drive Fort Lauderdale FL

The Galleon
Prices by Bedroom

Here is our market summary report showing median price for The Galleon Galt Ocean Mile condos for sale by bedroom.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 1150 $345,000 $300.00
2 / 2 1886 $499,000 $265.00
3 / 2 2740 $1,199,500 $438.00

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 1150 square feet with a list price to square foot price of $300.00
  • 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 $1,199,500 – this being for a 3 bedroom 2 bathroom unit of 2740 square feet with a list price to square foot price of $438.00
View Galt Ocean Mile condo just listed for sale The Galleon - Unit 1612
View from the Galt Ocean Mile condo just listed for sale in The Galleon – Unit 1612

The Galleon Condos
New Listings

There has been 1 new listing of The Galleon Galt Ocean Mile condos for sale over the last 30 days!

In our last post there were 2 new listings of Galleon condos for sale – Unit 512 a bedroom unit and Unit 1210 a 2 bedroom unit!

Our market analysis report for this new listings is presented below.

BEDS / BATHS LA LP$ LP$/SqFt
3 / 2 2740 $1,199,500 $438.00

We can see from this report that a 3 bedroom condo – Unit 1612 in The Galleon has just been listed for sale $1,199,500this 3 bedroom 2 bathroom 2740 square foot unit has a list price to square foot price of $438.00

Unit 1612 offers panoramic Panoramic views of the Ocean, City and Intracoastal from every room. 

Enjoy Sunrise to Sunset of breathtaking views on expansive wrap around balcony! The unit features floor to ceiling windows throughout.

View Unit 1003 The Galleon Galt Ocean Mile - now pending sale!
View Unit 1003 – One of The Galleon condos Galt Ocean Mile  that is now pending sale!

The Galleon Condos
Pending Sales

There are currently 4 x The Galleon Galt Ocean Mile condos that are under contract and are pending sale

This is well up from 1 condo pending sale as in our last post!

The market analysis report for these 4 condos is presented below:

CONDO BEDS / BATHS LA LP$
Unit 1210 2 / 2 1950 $598,880
Unit 207 2 / 2 2000 $539,900
Unit 110 2 / 2 1950 $440,000
Unit 1003 1 / 1 1360 $389,000

We can see from this report that:

Galleon condo unit 1210 offered for sale for $598,880 is now pending salethis 2 bedroom 2 bathroom 1950 square foot unit has a list price to square foot price of $307.00.  

This Galt Ocean Mile condo offers “spectacular” South and East ocean views!  This unit is ready for your personal design upgrades.  The unit features: walk in closets and lots of storage.

Galleon condo unit 207 offered for sale for $539,900 is now pending salethis 2 bedroom 2 bathroom 2000 square foot unit has a list price to square foot price of $270.00.  

This Galt Ocean Mile condo is in the unique “07 stack” and has stunning South-East ocean views.  The unit features: an updated kitchen with granite counters, new flooring throughout and updated bathrooms!

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.

This unit was pending sale in our last post!

Galleon condo unit 1003 offered for sale for $389,000 is now pending salethis 1 bedroom 1 bathroom 1360 square foot unit has a list price to square foot price of $286.00.  

This Galt Ocean Mile condo is a renovated unit with a South-East direct ocean view.  The unit is move in ready and has a great balcony off of living room and bedroom.  There is a new kitchen and a huge master with lots of closet space!


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

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

View The Galleon Galt Ocean Mile condo 512 Recently Sold
View from one of The Galleon Galt Ocean Mile condos recently sold – Unit 512!

The Galleon Condos
Recent Sales – Last 6 Months

There have been just 2 x The Galleon Galt Ocean Mile condos sold over the last 6 months!

This is well down from the 7 units sold as in our last post on Galleon condos for October / November 2017!

The market analysis report for these 2 x direct oceanfront units is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 1190 $340,000
Max 3 / 2 2900 $928,000
Avg 2 / 2 2045 $634,000
Median 2 / 2 2045 $634,000

We can see from this report that BOTH the average and median price for a Galt Ocean Mile condo sold here in Galleon has been $634,000 – this being for a 2 bedroom 2 bathroom unit

The Galleon
Sale Prices by Bedroom

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

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 1190 $340,000 $286.00
3 / 2 2900 $928,000 $320.00

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

  • 1 Bedroom condos sold in The Galleon is $340,000 – this being for a 1 bedroom 1 bathroom unit of 1190 square feet with a list price to square foot price of $286.00.  In our last post the median price for 1 Bedroom condos sold in The Galleon was lower at $331,500 – this being for a 1 bedroom 1 bathroom unit of 1235 square feet with a list price to square foot price of $262.00.
  • There have been no 2 Bedroom condos sold in The Galleon over the last 6 months – However in our last post the median price for 2 Bedroom condos sold in The Galleon was $425,000 – this being for a 2 bedroom 2 bathroom unit of 1345 square feet with a list price to square foot price of $322.00.
  • 3 Bedroom condos sold in The Galleon is $928,000 – this being from a 3 bedroom 2 bathroom 2900 square foot unit with a sales price to square foot price of $320.00In our last post the median price for 3 Bedroom condos sold in The Galleon was much lower at $515,000 – this being from a 3 bedroom 2 bathroom 2480 square foot unit with a sales price to square foot price of $208.00

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
Min $286.00
Max $320.00
Avg $303.00
Median $303.00

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 $303.00 per square foot

This is well up from $267.00 in our last post and $238.00 per square foot as in our prior post!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for The Galleon 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 93%
Max 97%
Avg 95%
Median 95%

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 95% – this is up from 94% in our last post!

A sales price to list price of 95% 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 $475,000!

Days on Market

Days on market for The Galleon Galt Ocean Mile condos for sale is an important indicator on how strong demand is for 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 10
Max 115
Avg 62
Median 62

We can see from this report that the median days on market for a Fort Lauderdale condo for Sale in The Galleon is just 62 days or just over 2 months!

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 Galleon Galt Ocean Mile condos sold over the last 6 months

CONDO BEDS / BATHS LA SP$
Unit 512 3 / 2 2900 $928,000
Unit 509 1 / 1 1190 $340,000

We can see from this report that the most expensive unit sold here in The Galleon over the last 6 months (Unit 512) sold for $928,000

This 3 bedroom 2 bathroom 2900 square foot unit had a sales price to square foot price of $320.00

Unit 512 had just 10 days on market and sold for 93% of list price!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

Mt Thoughts / Summary

The Galleon Galt Ocean Mile condos are units in 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 had a slowing of sales over the last 6 months.

However buyer activity is back up with 4 units 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