Fort Lauderdale condos for sale here in Ocean Summit offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
Currently there are 5 condos for sale – one of which is a new listing.
1 units is currently under contract and 1 unit is pending sale. There have been 5 sales 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 both 1 and 2 bedrooms units over the last 6 months!
We also compare recent sales trends in Ocean Summit to 2014 sales. Important information for both buyers and sellers!
Fort Lauderdale condos for sale here in Galt Ocean Cluboffer direct oceanfront units set right on the beachfront here on the famous Galt Ocean Mile!
Currently there are just 2 condos for sale in this complex and 3 units have been sold 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 for both 1, 2 and 3 bedrooms units over the last 6 months!
We also compare recent sales trends in Galt Ocean Club to 2014 sales. Important information for both buyers and sellers!
Fort Lauderdale condos for sale here in Galt Towers offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
At the time of writing this Blog there are 8 condos for sale here at Galt Towers – of which 2 are new listings!
3 units are pending sale and there have been 5 recent sales 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 price to list price %) as well as the highest prices paid over the last 6 months!
We also compare recent sales trends in Galt Towers to 2014 sales. Important information for both buyers and sellers!
Fort Lauderdale condos for sale here in Regency Tower South offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
Currently there are 7 condos for sale here in Regency Tower South Fort Lauderdale – 2 of which are new listings!
There have been 8 condo 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 over the last 6 months!
We also compare recent sales in Regency Tower South to 2014 sales. Important information for both buyers and sellers!
There are currently 8 condo units for sale here in the Royal Ambassador on Galt Ocean Mile – of which 1 is a new listing.
There are 2 units currently under contract and pending sale and there have been 8 sales of condos here over the last 12 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 12 months!
We also compare recent sales trends in Royal Ambassador to 2014 sales. Important information for both buyers and sellers!
Fort Lauderdale condos for sale here in L’Hermitage offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.
At the time of writing this Blog there are 15 luxury Fort Lauderdale oceanfront condos for sale at the L’Hermitage – 2 of which are new listings.
5 x 3 Bedroom condos are currently pending sale and there have been 15 sales of luxury condos in the L’Hermitage complex 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 %), we also review the highest square foot prices paid over the last 6 months.
We also compare recent sales trends in L’Hermitage to 2014 sales. Important information for both buyers and sellers!
Fort Lauderdale offers a wide range of condos, from units under $200,000 to luxury condos priced $2 Million or more – there is literally something for everyone.
Key Statistics for Buyers / Sellers
Prices from $27,000 – $6.9 Million
Median List Price $350,000 – for a 2 bedroom 2 bathroom unit
Median Sales Price last 90 Days $264,000 – for a 2 bedroom 2 bathroom unit
Median Sales to List Price 95%
Days on Market 61 Days
It is important to note is that the median list price is up from our last post in July while the median sales price has dropped!
Here is our guide to Fort Lauderdale condos for sale based on median prices by bedroom
Beds/Baths
SF/FF
List Price
LP$/SqFt
0 / 1
533
$270,000
$561
1 / 1
804
$199,900
$278
2 / 2
1,250
$350,000
$285
3 / 3
2,300
$699,500
$343
We can see from this report that the median price for:
Studio units for sale is $270,000 – this being for a 1 bathroom studio unit of 533 square feet with a list price to square foot price of $561.00
1 Bedroom units for sale is $199,900 – this being for a 1 bedroom 1 bathroom unit of 804 square feet with a list price to square foot price of $278.00
2 Bedroom units for sale is $350,000 – this being for a 2 bedroom 2 bathroom unit of 1250 square feet with a list price to square foot price of $285.00
3 Bedroom units for sale is $699,500 – this being for a 3 bedroom 3 bathroom unit of 2300 square feet with a list price to square foot price of $343.00
Beach views from Edgewater Arms condominium here on Galt Ocean Mile
Fort Lauderdale
Pricing Analysis
This month there are 1180 Fort Lauderdale Condos for Sale – down from 1237 in July and 1253 in June.
The market analysis report for these units is presented below
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Beds/Baths
SF/FF
List Price
High
6 / 5
11,447
$6,900,000
Low
0 / 0
310
$27,000
Avg
2/ 2
1,522
$556,913
Med
2 / 2
1,270
$350,000
We can see that the median price for a Fort Lauderdale condo for sale is $350,000 – this being for a 2 bedroom 2 bathroom unit of 1270 square feet.
In our last post for July the median price for a Fort Lauderdale condo for sale was $345,000 – this being for a 2 bedroom 2 bathroom unit of 1250 square feet.
The most expensive condo is listed for sale for $6.9 Million and the least expensive is offered for sale at $27,000.
Fort Lauderdale Condos
Inventory Analaysis
Here is the breakdown of Fort Lauderdale condos for sale by price
Price Range
Quantity
$149,999 or under
165
$150,000 – $199,999
123
$200,000 – $249,999
97
$250,000 – $299,999
117
$300,000 – $349,999
89
$350,000 – $399,999
91
$400,000 – $449,999
51
$450,000 – $499,999
53
$500,000 – $549,999
40
$550,000 – $599,999
40
$600,000 – $699,999
60
$700,000 – $799,999
43
$800,000 – $899,999
32
$900,000 – $999,999
23
$1,000,000 or over
157
Total
1,181
We can see from this report the number of Fort Lauderdale condos for sale in each of the above price ranges.
It is encouraging to note that we have a strong inventory of condos for sale across all price points / price ranges – and especially for condos for sale priced under $300,000!
Look at these superb views from this condo for sale in L’Hermitage
Fort Lauderdale
Condo Sales Prices
Here is our pricing guide based on recent sales of ALL Fort Lauderdale condos over the last 90 Days / 3 months
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Beds/Baths
SF/FF
Sale Price
High
4 / 4
5,027
$3,650,000
Low
0 / 1
310
$36,500
Avg
2 / 2
1,352
$363,850
Med
2 / 2
1,203
$264,000
We can see from this report that the median price for a condo sold in Fort Lauderdale over the last 3 months has been $264,000 – this being based on a 2 bedroom 2 bathroom unit of 1203 square feet.
Note there has been a softening of median sales prices for Fort Lauderdale condos from our last post in June 2015
In our July update the median price for a condo sold here in Fort Lauderdale over the preceding 3 months was $280,000 – this being based on a 2 bedroom 2 bathroom unit of 1258 square feet.
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fort Lauderdale condos – based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
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SP$/LP$
Avg
92%
Med
95%
We can see from this report that the average sales price to list price for Fort Lauderdale condos is 92%
What is important to note however is the median sales price to list price at 95% – the same as in both our July and June 2015 updates!
This means if a Fort Lauderdale condo for sale is listed at $300,000 – then based on median sales data the home would sell for 95% of that amount or $285,000.
Days on Market
Days on market for Fort Lauderdale condos for Sale is an important indicator on how our real estate market is preforming.
Here is the market analysis report for Days on Market based on home sales over the last 90 days.
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Days on Market
Avg
101
Med
61
We can see from this report that the average days on market for a Fort Lauderdale condo for Sale is 101 days – this is down from 115 days in July!
More importantly is the median days on market at just 61 days or just over 2 months – this is fast and reflects strong demand for Fort Lauderdale condos for Sale
Days on market is the time from when the home was listed for sale till the home sold AND closed.
I hope you have enjoyed my post on Fort Lauderdale condos for Sale
Fort Lauderdale / Broward with its Blue Ribbon Beaches offers a great range of oceanfront and direct beachfront condos for sale.
Key Statistics for Buyers / Sellers
Prices from $145,000 – $6.9 Million
Median List Price $539,000
Median Sales Price last 90 Days $450,000
Median Sales to List Price 93%
Days on Market 76 Days
It is important to note that median prices for Fort Lauderdale Oceanfront condos are up!
Median prices for oceanfront condos for sale are up $34,000 from March 2015 and median sales prices are up by $20,000 since June 2015!
Oceanfront Condos
Prices by Bedroom
Here is our market summary report for Fort Lauderdale Oceanfront condos for sale by median price / bedroom
Beds/Baths
SF/FF
List Price
LP$/SqFt
0 / 1
533
$299,000
$595
1 / 1
906
$335,000
$368
2 / 2
1,638
$650,000
$414
3 / 3
2,531
$1,519,000
$591
We can see from this report that:
The median price for Fort Lauderdale Ocean Front studios for sale is $299,000 – this being for a studio unit of 533 square feet with 1 bathroom – and a list price to square foot price of $595.00
The median price for Fort Lauderdale Ocean Front 1 Bedroom condos for sale is $335,000 – this being for a 1 bedroom 1 bathroom condo unit of 906 square feet with a list price to square foot price of $368.00
The median price for Fort Lauderdale Ocean Front 2 Bedroom condos for sale is $650,000 – this being for a 2 bedroom 2 bathroom condo unit of 1638 square feet with a list price to square foot price of $414.00
The median price for Fort Lauderdale Ocean Front 3 Bedroom condos for sale is $1,519,000 – this being for a 3 bedroom 3 bathroom unit of 2531 square feet with a list price to square foot price of $591.00
The Market Analysis report for Ft Lauderdale Oceanfront Condos for Sale is presented below:
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Beds/Baths
SF/FF
List Price
High
6 / 5
11,447
$6,900,000
Low
0 / 1
310
$145,000
Avg
2 / 2
1,665
$881,176
Med
2 / 2
1,486
$539,000
We can see from this report that:
The average price for an oceanfront condo is $881,176 – this being for a luxury 2 bedroom 2 bathroom unit of 1665 square feet
The median price for an Fort Lauderdale oceanfront condo for sale here $539,000 and this is also for a 2 bedroom 2 bathroom unit – a unit of 1486 square feet.
Important to note is that the median price for an Fort Lauderdale oceanfront condo for sale here is up $34,000 from $504,900 as per our March 2015 update.
The median in this post, our last post and our post in March was also for a 2 bedroom 2 bathroom unit – a unit of around 1500 square feet.
Superb views from this Fort Lauderdale oceanfront condo for sale
Oceanfront Condos
Inventory Analysis
The Inventory Analysis report is one of the most important reports – as it shows us the number of units for sale across different price ranges.
The Price Analysis report for Fort Lauderdale Oceanfront Condos is presented below:
Price Range
Quantity
$149,999 or under
2
$150,000 – $199,999
4
$200,000 – $249,999
9
$250,000 – $299,999
25
$300,000 – $349,999
29
$350,000 – $399,999
24
$400,000 – $449,999
14
$450,000 – $499,999
23
$500,000 – $549,999
12
$550,000 – $599,999
13
$600,000 – $699,999
13
$700,000 – $799,999
16
$800,000 – $899,999
12
$900,000 – $999,999
8
$1,000,000 or over
73
Total
277
We can see from this report that the largest number of oceanfront condos for sale are luxury units priced at $1 Million or more.
Important to note however is that there is a good selection of units across all price points – with a strong inventory of oceanfront condos for sale priced between $300,000 – $400,000 with a total of 54 units for sale
Fort Lauderdale
Oceanfront Condo Sales
Here is our pricing guide based on recent sales of ALL Fort Lauderdale condos over the last 90 Days / 3 months
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Beds/Baths
SF/FF
Sale Price
High
4 / 4
5,027
$3,650,000
Low
0 / 1
310
$140,000
Avg
2 / 2
1,663
$666,765
Med
2 / 2
1,548
$450,000
We can see from this report that the median price for an Oceanfront condo sold in Fort Lauderdale over the last 3 months has been $450,000 – this being based on a 2 bedroom 2 bathroom unit of 1548 square feet.
In our July 2015 update the median price for an Oceanfront condo sold over the preceding 3 months was $465,000 – this being based on a 2 bedroom 2 bathroom unit of 1656 square feet.
Important to note is that while the median sales price dropped in July, the median is up by $20,000 since our June 2015 post!
In our June 2015 update the median price for an Oceanfront condo sold over the preceding 3 months was $430,000 – this being based on a 2 bedroom 2 bathroom unit of 1600 square feet.
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fort Lauderdale Oceanfront condos –based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
$$
SP$/LP$
Avg
92%
Med
93%
We can see from this report that the average sales price to list price for Fort Lauderdale Oceanfront condos is 92%
What is important to note however is the median sales price to list price at 93% – the same as in our July and June update!
This means if a Fort Lauderdale condo for sale is listed at $400,000 – then based on median sales data the home would sell for 93% of that amount or $372,000 – based on MLS data!
Days on Market
Days on market for Fort Lauderdale condos for Sale is an important indicator on how our real estate market is preforming.
Here is the market analysis report for Days on Market based on oceanfront condo sales over the last 90 days.
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Days on Market
Avg
171
Med
76
We can see from this report that the average days on market for a Fort Lauderdale Oceanfront condo for Sale is 171 days -down from 189 days in July!
More importantly is the median days on market at 76 days – down from 85 days in July.
This is fast and reflects solid demand for Fort Lauderdale Oceanfront condos for Sale
This is the time from when the condo was listed for sale till the condo sold AND closed.
I hope you have enjoyed my post on Fort Lauderdale Oceanfront condos for Sale
Median List Price $450,000 – 2 Bedroom 2 Bathroom Unit
Median Sales Price last 90 Days $420,000 – 2 Bedroom 2 Bathroom Unit
Median Sales to List Price 94%
Days on Market 68 Days
Important to note is that median sales prices for Galt Ocean Mile condos are up $20,000 since June and Days on Market are down.
Median Days on Market or how fast units are selling has dropped from 83 days in June to 68 Days now in July!
Galt Ocean Mile Condos
Prices by Bedroom
Here is our market summary report for Galt Ocean Mile condos for sale by median price / bedroom
Beds/Baths
SF/FF
List Price
LP$/SqFt
0 / 1
600
$187,900
$313
1 / 1
1,076
$310,000
$293
2/ 2
1,630
$492,000
$315
3 / 2
2,327
$1,249,000
$500
We can see from this report that:
The median price for Galt Ocean Mile studios for sale is $187,900 – this being for a studio unit of 600 square feet with 1 bathroom – and a list price to square foot price of $313.00
The median price for Galt Ocean Mile 1 Bedroom condos for sale is $310,000 – this being for a 1 bedroom 1 bathroom condo unit of 1076 square feet with a list price to square foot price of $293.00
The median price for Galt Ocean Mile 2 Bedroom condos for sale is $492,000 – this being for a 2 bedroom 2 bathroom condo unit of 1630 square feet with a list price to square foot price of $315.00′
The median price for Galt Ocean Mile 3 Bedroom condos for sale is $1,249,000 – this being for a 3 bedroom 2 bathroom luxury unit of 2327 square feet with a list price to square foot price of $500.00
Important to note is that 117 Galt Ocean Mile condos for sale is also well down from the 194 Galt Ocean Mile condos for sale in February 2014
The market analysis report for these units is presented below.
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Beds/Baths
SF/FF
List Price
High
6 / 5
7,167
$6,500,000
Low
0 / 1
310
$180,900
Avg
2 / 2
1,644
$659,229
Med
2 / 2
1,585
$450,000
We can see from this report that the most expensive condos currently for sale on Galt Ocean Mile is offered for sale at $6,500,000 – this unit is a Luxury Fort Lauderdale Penthouse Unit in the L’Hermitage
The market analysis report shows us:
That the average price for a Galt Ocean Mile is $659,229 – this being for a 2 bedroom 2 bathroom unit of 1644 square feet
The median price for a Galt Ocean Mile condo is $450,000 – this being for a 2 bedroom 2 bathroom unit of 1583 square feet – in our last post for July the median was also $450,000!
View from an oceanfront condo here in Galt Ocean Mile
Galt Ocean Mile Condos
Price Analysis
The Price analysis report for Galt Ocean Mile condo is an important tool – this report shows us the inventory or number of condos currently for sale across different price ranges.
The Price Analysis report is presented below.
Price Range
Quantity
$150,000 – $199,999
3
$200,000 – $249,999
6
$250,000 – $299,999
11
$300,000 – $349,999
12
$350,000 – $399,999
14
$400,000 – $449,999
12
$450,000 – $499,999
19
$500,000 – $549,999
4
$550,000 – $599,999
5
$600,000 – $699,999
6
$700,000 – $799,999
6
$800,000 – $899,999
0
$900,000 – $999,999
3
$1,000,000 or over
16
Total
117
We can see from this report that while the largest inventory of Galt Ocean Mile condos for sale falls into the $250,000 – $500,000 prices range(s) with this price range accounting for a total of 68 units for approx 60% of all condos for sale.
The next largest inventory of Galt Ocean Mile condos for sale falls into the $1 Million dollar or more price range – with 16 units for sale.
View of Fort Lauderdale direct oceanfront condos here on Galt Ocean Mile
Galt Ocean Mile
Condo Sales Prices
Here is our pricing guide based on recent sales of ALL Galt Ocean Mile condos over the last 90 Days / 3 months
$$
Beds/Baths
SF/FF
Sale Price
High
4 / 4
4,050
$3,650,000
Low
0 / 1
310
$140,000
Avg
2 / 2
1,609
$583,924
Med
2 / 2
1,435
$420,000
We can see from this report that the median price for a Galt Ocean Mile condo sold in Fort Lauderdale over the last 3 months has been $420,000 – this being based on a 2 bedroom 2 bathroom unit of 1435 square feet.
Note median price for Galt Ocean Mile condos have increased by $20,000 since June 2015.
In our last update for June 2015 the median price for a Galt Ocean Mile condo sold over the preceding 3 months was $400,000 – this being based on a 2 bedroom 2 bathroom unit of 1641 square feet.
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Galt Ocean Mile condos – based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
$$
SP$/LP$
Avg
92%
Med
94%
We can see from this report that the average sales price to list price for Galt Ocean Mile condos is 92%
What is important to note however is the median sales price to list price at 94%
This means if a Galt Ocean Mile condo for sale is listed at $400,000 – then based on median sales data the condo would sell for 94% of that amount or $376,000.
Days on Market
Days on market for Galt Ocean Mile condos for Sale is an important indicator on how our real estate market is preforming.
Here is the market analysis report for Days on Market based on home sales over the last 90 days.
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Days on Market
Avg
186
Med
68
We can see from this report that the average days on market for a Galt Ocean Mile condo for Sale is 186 days – which is down from 211 days as per our last post!
Important to note however is that the median days on market is just 68 days – which is down from 74 days in July and 83 days in June!
This is a very positive indiciator and reflects strong, solid demand is for Galt Ocean Mile condos for sale
Days on market is the time from when the home was listed for sale till the home sold AND closed.
I hope you have enjoyed my post on Galt Ocean Mile condos for Sale
Fort Lauderdale offers a great range of Luxury Condos & “Trophy” Condos for Sale.
Key Statistics for Buyers / Sellers
Prices from $504,900 – $6.9 Million
Median List Price $855,000 – 3 Bedroom 2 Bathroom Unit
Median Sales Price last 90 Days $698,400 – 2 Bedroom 2 Bathroom Unit
Median Sales to List Price 94%
Days on Market 72 Days
Important to note is that median sales prices for Fort Lauderdale condos for sale over the last 6 months are down over $50,000 from our last post for June 2015.
Luxury Condos
Prices by Bedroom
Here is our market summary report for Fort Lauderdale Luxury condos for sale by median price / bedroom
Beds/Baths
SF/FF
List Price
LP$/SqFt
1 / 1
980
$595,000
$629
2 / 2
1,700
$790,000
$472
3 / 3
2,563
$969,500
$435
4 / 3
3,308
$1,297,000
$356
We can see from this report that:
The median price for Fort Lauderdale Luxury 1 Bedroom condos for sale is $595,000 – this being for a 1 bedroom 1 bathroom luxury condo unit of 980 square feet with a list price to square foot price of $629.00
The median price for Fort Lauderdale Luxury 2 Bedroom condos for sale is $790,000 – this being for a 2 bedroom 2 bathroom luxury condo unit of 1700 square feet with a list price to square foot price of $472.00
The median price for Fort Lauderdale Luxury 3 Bedroom condos for sale is $969,500 – this being for a 3 bedroom 3 bathroom luxury unit of 2563 square feet with a list price to square foot price of $435.00
The median price for Fort Lauderdale Luxury 4 Bedroom condos for sale is $1,297,000 – this being for a 4 bedroom 3 bathroom luxury condo unit of 3308 square feet with a list price to square foot price of $356.00
Currently there are 395 luxury condos for sale in Ft Lauderdale – units that are priced at $500,000 or more – down from 416 Luxury condos for sale in June 2015
The pricing analysis report for these condos in presented below.
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Beds/Baths
SF/FF
List Price
High
6 / 5
11,447
$6,900,000
Low
0 / 1
648
$504,900
Avg
3 / 2
2,275
$1,141,205
Med
3 / 2
2,126
$855,000
We can see from this report that the most expensive unit for sale is listed for sale at $6,900,000. This unit is a “Trophy” condo at the The Ritz Carlton here in Fort Lauderdale.
We can also see from this report that:
The average price for a luxury condo in this price range is $1,141,205 – this being for a 2 bedroom 3 bathroom unit of 2275 square feet.
The median price for a luxury condo in this price range is $855,000 – this being for a 3 bedroom 2 bathroom unit of 2126 square feet
Views fro a Luxury Fort Lauderdale Oceanfront condo for sale
Luxury Condo
Inventory Analysis
The inventory analysis report is a very important and useful tool – for it shows us the breakdown of the inventory for Luxury Fort Lauderdale condos for sale by price brackets or price ranges.
The inventory analysis report is presented below:
Price Range
Quantity
$500,000 – $549,999
40
$550,000 – $599,999
40
$600,000 – $699,999
60
$700,000 – $799,999
43
$800,000 – $899,999
32
$900,000 – $999,999
23
$1,000,000 or over
157
Total
395
We can see from this report that the largest concentration of luxury condos for sale are units priced at over $1 Million dollars with 157 condos currently for sale in this price range.
Views luxury Fort Lauderdale waterfront condo for sale
Luxury Condo
Sales Prices
Here is our pricing guide based on recent sales of ALL Luxury Fort Lauderdale condos over the last 90 Days / 3 months
$$
Beds/Baths
SF/FF
Sale Price
High
4 / 4
5,027
$3,650,000
Low
1 / 1
996
$450,000
Avg
2 / 2
2,146
$868,084
Med
2 / 2
2,000
$698,400
We can see from this report that the median sales price for a luxury condo sold in Fort Lauderdale over the last 3 months has been $698,400 – this being based on a 2 bedroom 2 bathroom luxury condo unit of 2000 square feet.
Important to note is that median sales prices for Fort Lauderdale Luxury condos have softened down over $50,000 from just last month!
In our last update in July 2015 the median sales price for the preceding 3 months was $751,872 – this being based on a 2 bedroom 2 bathroom luxury condo unit of 2113 square feet.
In our earlier update in June 2015 the median sales price for the preceding 3 months was $735,000 – this being based on a 2 bedroom 2 bathroom luxury condo unit of 2000 square feet.
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Luxury Fort Lauderdale condos – based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below
$$
SP$/LP$
Avg
89%
Med
94%
We can see from this report that the average sales price to list price for Luxury Fort Lauderdale condos is 89% – down from 92% in our last post!
What is important to note however is the median sales price to list price at 94% – which is the same as in our last post!
This means if a Fort Lauderdale condo for sale is listed at $600,000 – then based on median sales data the home would sell for 94% of that amount or $564,000.
Days on Market
Days on market for Luxury Fort Lauderdale condos for Sale is an important indicator on how our real estate market is preforming.
Here is the market analysis report for Days on Market based on luxury condo sales over the last 90 days.
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Days on Market
Avg
132
Med
72
We can see from this report that the average days on market for a Luxury Fort Lauderdale condo for Sale is 132 days
More importantly is the median days on market at 72 days – reflecting solid demand for Luxury Fort Lauderdale Condos for Sale.
Days on market is the time from when the home was listed for sale till the home sold AND closed.
I hope you have enjoyed my post on Luxury Fort Lauderdale condos for Sale
