Fountainhead
Galt Ocean Mile Condos
Welcome to our February / March 2018 post on Fountainhead Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.
Fountainhead is a luxury direct oceanfront condominium on the beachfront here at the end of the famous Galt Ocean Mile
Search All Fountainhead Condos for Sale
There are currently 7 x Foutainhead Galt Ocean Mile condos for sale – 1 of these a new listing
There have been 3 closed 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 units over the last 6 months!
We also compare recent sales trends in Fountainhead – Important information for both buyers and sellers!
Fountainhead
Galt Ocean Mile Key Statistics
Fountainhead Condominium
Address: 3900 N Ocean Dr, Fort Lauderdale, FL 33308
- Prices from $475,000 – $2.5 Million
- Median List Price $625,000
– for a 2 bedroom 2 bathroom unit
Median Sales Prices
- Median Sales Price $625,000
– for a 2 bedroom 2 bathroom unit - Sales Price to Sq Ft Price $286.00
- Sales Price to List Price 96%
- Days on Market 153 Days
Fountainhead Condos for Sale
Market Report
There are 7 x Foutainhead Galt Ocean Mile condos for sale – this is up from 6 x Fountainhead Condos for Sale as in our post for December 2017 / January 2018
Our market analysis report for the 7 x Galt Ocean Mile condos currently for sale is presented below:
| BEDS | LA | LP$ | |
| Min | 2 / 2 | 1730 | $475,000 |
| Max | 3 / 4 | 3820 | $2,500,000 |
| Avg | 2 / 2 | 2147 | $871,798 |
| Median | 2 / 2 | 1800 | $625,000 |
We can see from the market report that the average price for a luxury Galt Ocean Mile condo for sale here in Fountainhead is $871,798 – this being for a 2 bedroom 2 bathroom unit*
We can also see that the median price for a Fountainhead condo for sale is $625,000 – this being for a 2 bedroom 2 bathroom unit of 1800 square feet
It is important to note that the median is up over our last 3 posts!
In our last post the median price for a luxury condo was $609,844 – this being for a 2 bedroom 2 bathroom unit of 1800 square feet
In our prior post the median price for a luxury condo was $602,344 – this being for a 2 bedroom 2 bathroom unit of 1800 square feet
In our earlier post the median price for a luxury condo was $584,344 – this being for a 2 bedroom 2 bathroom unit of 1820 square feet
It is important to note the median list price to square foot price for Fountainhead condos for sale at $332.00 – down from $340.00 in our last post!
* Note: Currently there is a unit listed for sale for $2.5 Million – removing this unit gives an average price of $600,431 – this being for a 2 bedroom 2 bathroom unit.
Buying / Selling?
Call Me Today!
Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
kevinsellsmore@gmail.com
954-459-0337
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Fountainhead Condos for Sale
Prices by Bedroom
Here is our market summary report showing median prices for Fountainhead Galt Ocean Mile condos for sale by bedroom.
| BEDS / BATHS | LA | LP$ | LP$/SqFt |
| 2 / 2 | 1800 | $594,688 | $318.00 |
| 3 / 3 | 3015 | $1,617,000 | $493.00 |
We can from this report that for :
- 2 bedroom Fountainhead condos for the sale the median list price is $594,688 – this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $318.00 – In our last post the median for 2 bedroom Fountainhead condos for the sale was higher at $609,844 – this being for a 2 bedroom 2 bathroom 1800 square foot unit with a list price to square foot price of $340.00
- 3 bedroom Fountainhead condos for sale the median list price is $1,617,000 – this being for a 3 bedroom 3 bathroom unit of 3015 square feet with a list price to square foot price of $493.00 – Note there are only 2 x 3 bedroom units for sale – the other unit (a new listing) is listed for sale at $2.5 Million the other listed for sale for $734,000
Fountainhead Condos
New Listings
There have been 1 new listings of luxury Fountainhead Galt Ocean Mile condos for sale over the last 30 days – In our last post there were no new listings!
Our Market analysis report for this new listing is presented below
| CONDO | BEDS / BATHS | LA | LP$ |
| Unit 7A | 3 / 3 | 2210 | $734,000 |
We can see from this report that a 3 bedroom condo – Unit 7A has just been listed for sale for $734,000 – this 3 bedroom 3 bathroom 2201 square foot unit has a list price to square foot price of $332.00
Unit 7A offers “Spectacular” direct ocean views and has been totally and tastefully renovated!
Fountainhead Condos
Pending Sales
There are currently no units pending sale here in Fountainhead Galt Ocean Mile – there were 2 units pending sale in our last post – Unit 2H and unit 10G
Fountainhead Condo Sales
Last 6 Months
There has been 3 sales of Fountainhead Galt Ocean Mile condos over the last 6 Months
In our prior post for December 2017 / January 2018 there had been 3 sales of Fountainhead Galt Ocean Mile condos over the preceding 6 Months – all of these were 2 bedroom units!
Our market analysis report for these 3 units is presented below.
| BEDS / BATHS | LA | SP$ | ||
| Min | 2 / 1 | 1450 | $415,000 | |
| Max | 4 / 3 | 2340 | $684,500 | |
| Avg | 3 / 2 | 1876 | $574,833 | |
| Median | 2 / 2 | 1840 | $625,000 |
We can see from this report that the average sales price for Galt Ocean Mile condos sold here in Fountainhead over the last 6 months has been $574,833 – this being for a 2 bedroom 2 bathroom unit of 1876 square feet.
We can also see that the median sales price for condos sold here in Fountainhead over the last 6 months has been $625,000 – this being for a 2 bedroom 2 bathroom unit of 1840 square feet.
In our last post the median sales price for condos sold here in Fountainhead over the last 6 months was lower at $565,125 – this being for a 2 bedroom 2 bathroom unit of 1860 square feet.
Square Foot Prices
Condos Sold
Here is our market summary report showing square foot prices paid for ALL Fort Lauderdale Oceanfront Condos sold in Fountainhead over the last 6 months.
| SP$/SqFt | |
| Min | $267.00 |
| Max | $372.00 |
| Avg | $308.00 |
| Median | $286.00 |
We can see from this report that the median sales price to square foot price has been $286.00 per square foot – in our last post it was $307.00!
It is important to note the highest square foot price paid at $372.00!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fountainhead Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.
The market analysis report for this is presented below:
| SP$/LP$ | |
| Min | 88% |
| Max | 97% |
| Avg | 93% |
| Median | 96% |
We can see from this report that the median sales price to list price for Fort Lauderdale condo here in Fountainhead has been 96% – this is the same as in our last post!
This means if a Fort Lauderdale condo for sale here in Fountainhead is listed at $600,000 – then based on median sales data the condo could be expected to sell for 96% of that amount or $576,000 – based on median MLS data!
Days on Market
Days on market for Fountainhead Galt Ocean Mile condos for sale is an important indicator on how strong demand is for Fort Lauderdale oceanfront condos for sale in this complex.
Here is the market analysis report for Days on Market based on condo sales over the last 6 months.
| DOM | |
| Min | 99 |
| Max | 171 |
| Avg | 141 |
| Median | 153 |
We can see from this report that the average days on market is 141 days – or just under 5 months!
We can also see that the median days on market is 153 days!
Days on market is the time from when the condo was listed for sale till the condo sold AND closed.
Fountainhead
Condo Sales Itemized
Here is the data for each of the 3 x Fountainhead Galt Ocean Mile condos sold over the last 6 months here in Fountainhead.
| BEDS / BATHS | LA | SP$ | |
| Unit 5D | 2 / 2 | 1840 | $684,500 |
| Unit 2H | 4 / 3 | 2340 | $625,000 |
| Unit 10G | 2 / 1 | 1450 | $415,000 |
We can see from this report the details for each condo sold – including the most expensive sale over the last 6 months, which was for unit 5d a 2 bedroom condo which sold for $684,500.
This 2 bedroom 2 bathroom 1840 square foot unit has a sales price to square foot price of $372.00
This condo sold for 88% of list price and had 99 days on market or just over 3 months!
My Thoughts / Summary
Fountainhead Galt Ocean Mile condos are unit set in a great direct oceanfront complex here on Galt Mile in Fort Lauderdale.
Currently we have a great range of oceanfront condos for sale including a “Trophy” unit listed for sale for $2.5 Million.
I hope you have enjoyed my Post on Fountainhead Condos Fort Lauderdale for Sale