Beach views from a Fort Lauderdale condo for sale

Condos for Sale Pricing Guide

Fort Lauderdale
Condos for Sale

Here is my guide to prices for Fort Lauderdale condo for sale – including: Waterfront Condos, Oceanfront Condos, Galt Ocean Mile condos, Luxury Fort Lauderdale Condos and Luxury New Construction Condos.

Our market summary report showing median prices for Fort Lauderdale condos for sale for each of the above “categories” is presented below.

Median  Beds/Baths SF/FF List Price
ALL 2 / 2 1,120 $179,000
Waterfront 2 / 2 1,200 $269,789
Oceanfront 2 / 2 1,400 $489,000
Galt Ocean 2 / 2 1,598 $499,250
Luxury 3 / 2 2,000 $799,000
Luxury New 3 / 2 2,084 $1,290,000


We can see from this report the median for ALL Fort Lauderdale condos for sale at $179,000 – and how the median changes across different condo “categories” all the way up to a median of $1,290,000 for luxury new construction condos for sale.

Our summary report above shows us that: 

  • Fort Lauderdale Waterfront condos for sale have a median list price of $269,789 – this being for a 2 bedroom 2 bath unit of 1120 sq ft.
  • Fort Lauderdale Oceanfront condos for sale have a median list price of $489,000 – this being for a 2 bedroom 2 bath unit of 1200 sq ft.
  • Galt Ocean Mile direct oceanfront condos for sale have a median list price of $499,250 –  this for a 2 bedroom 2 bath unit of 1598 sq ft.
  • Fort Lauderdale Luxury condos for sale have had a median list price of $799,000 – this for a 3 bedroom 2 bathroom unit of 2000 sq ft.
  • Fort Lauderdale Luxury New Construction condos for sale have a median list price of $1,290,000  – this for a 3 bedroom 2 bathroom luxury oceanfront unit of 2084 sq ft.

In this post I also review prices for Fort Lauderdale condos for sale by bedroom for both Oceanfront condos and Galt Ocean Mile condos! 

Oceanfront
Condos for Sale

Here is the market analysis report for Fort Lauderdale Oceanfront condos for sale – based on number of bedrooms.

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 485 $169,950 $478
1 / 1 874 $319,900 $355
2 / 2 1,450 $495,000 $355
3 / 3 2,233 $1,195,000 $524

 

We can see from this report the median prices for oceanfront condos currently for sale by bedroom.

  • Fort Lauderdale Oceanfront Studios for sale have a median list price of $169,950 – this being for a unit of 485 square feet with a list price to square foot price of $478.00 – In our last post the median for Oceanfront Studios for sale was lower at $185,900 – this being for a unit of 450 square feet with a list price to square foot price of $389.00
  • Fort Lauderdale Oceanfront 1 bedroom condos for sale have a median list price of $319,900 – this being for a 1 bedroom 1 bathroom unit of 874 square feet with a list price to square foot price of $355.00 – In our last post the median for 1 bedroom oceanfront condos for sale was the same at $319,900 – this being for a 1 bedroom 1 bathroom unit of 865 square feet with a list price to square foot price of $356.00
  • Fort Lauderdale Oceanfront 2 bedroom condos for sale have a median list price of $495,000 – this being for a 2 bedroom 2 bathroom unit of 1450 square feet with a list price to square foot price of $355.00 – In our last post the median for 2 bedroom oceanfront condos for sale was lower at $475,000 – this being for a slightly smaller 2 bedroom 2 bathroom unit of 1355 square feet with a list price to square foot price of $356.00
  • Fort Lauderdale Oceanfront 3 bedroom condos for sale have a median price of $1,195,000 – this being for a 3 bedroom 3 bathroom unit of 2233 square feet with a list price to square foot price of $524.00 – In our last post the median for 3 bedroom oceanfront condos for sale was higher at $1,250,000 – this being for a smaller 3 bedroom 3 bathroom unit of 2180 square feet with a list price to square foot price of $574.00

Read our last post – Pricing Guide for Condos for Sale

View of Galt Ocean Mile condos here in Fort Lauderdale
View of Galt Ocean Mile condos here in Fort Lauderdale

Galt Ocean Mile
Condos for Sale

Galt Ocean Mile is one of the sought out “strips” of direct oceanfront condos here in Fort Lauderdale.

Galt Ocean Mile condos offer a mix of complexes and buildings from mid-century to luxury newer construction. 

Here is the market analysis report for Galt Ocean Mile condo for sale – based on bedroom.

Beds/Baths SF/FF List Price LP$/SqFt
0 / 1 482 $198,900 $548
1 / 1 1,080 $310,000 $285
2 / 2 1,630 $532,450 $347
3 / 2 2,164 $949,250 $427

We can see from this report the median prices for Galt Ocean Mile condos currently for sale by bedroom.

  • Galt Ocean Mile Studios for sale have a median list price of $198,900 –this being for a unit of 482 square feet with a list price to square foot price of $548.00 – In our last post the median price for Galt Ocean Mile studios for sale was higher at $225,900 -this being for a larger unit of 622 square feet with a list price to square foot price of $344.00
  • Galt Ocean Mile 1 bedroom condos for sale have a median list price of $310,000 – this being for a 1 bedroom 1 bathroom unit of 1080 square feet with a list price to square foot price of $285.00 – In our last post the median price for Galt Ocean Mile 1 bedroom condos for sale was much the same at $309,900 – this being for a 1 bedroom 1 bathroom unit of 1084 square feet with a list price to square foot price of $293.00
  • Galt Ocean Mile 2 bedroom condos for sale have a median list price of $532,450 – this being for a 2 bedroom 2 bathroom unit of 1630 square feet with a list price to square foot price of $347.00 – In our last post the median price for Galt Ocean Mile 2 bedroom condos for sale was significantly lower at $487,000 – this being for a 2 bedroom 2 bathroom unit of 1619 square feet with a list price to square foot price of $321.00
  • Galt Ocean Mile 3 bedroom condos for sale have a median price of $949,250 – this being for a 3 bedroom 2 bathroom unit of 2164 square feet with a list price to square foot price of $427.00 – In our last post the median price for Galt Ocean Mile 3 bedroom condos for sale was much the same at $949,999 – this being for a 3 bedroom 2 bathroom unit of 2210 square feet with a list price to square foot price of $413.00

It is important to note the dramatic increase in list price for 2 bedroom Galt Ocean Miles for sale – which are up by almost 10% or $45,450! 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Summary / Notes

The market for Fort Lauderdale condos for sale is ever changing.

Right now we are seeing many new construction projects for sale – especially luxury new construction oceanfront condos for sale.

This is having an impact on sales and pricing of Fort Lauderdale condos – especially oceanfront and Galt Ocean Mile condos for sale.

What is particularly interesting to me are the prices of 2 bedroom condos for sale – especially 2 bedroom Galt Ocean Mile condos which are up by 10% in just a few short months.

2 bedroom condos here on Galt Ocean Mile are particularly desirable as they are “direct oceanfront” and do not have A1A in front of them – which sets them well apart from a number of new construction projects.

I personally think there are some excellent 2 bedroom units for sale here on the Galt and one of the undervalued complexes in my mind is Southpoint.

Kevin Wirth Realtor.