Pool views from a Fort Lauderdalle condo for sale in Galt Ocean Club

Galt Ocean Club Condos

Galt Ocean Club
Fort Lauderdale

Search Galt Ocean Club Condos for Sale

Fort Lauderdale condos for sale here in Galt Ocean Club offer 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.

There is 1 unit currently pending sale 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!

Key Statistics for Buyers / Sellers

  • Condos for Sale
    Prices from $319,900 

Median Prices

  • Median List Price $319,900
    – for a 1 Bedroom Unit
  • 3 Sales Last 6 Months – 1,2 & 3 Bedroom Units
  • Median Sales Price $500,000 for a 2/2
  • Sales to List Price 96%
  • Days on Market 89 Days
Galt Ocean Clubs semi private beach!
Galt Ocean Clubs semi private beach!

Galt Ocean Club
Condos for Sale

The following market report is for the 2 x Fort Lauderdale condos for sale here in Galt Ocean Club.

 $$ Beds/Baths SF/FF List Price
High 1 / 1 825 $319,900
Low 1 / 1 825 $319,900
Med 1 / 1 825 $319,900

 

We can see from the market report that the units currently for sale are 1 bedroom condos and that the price for one of these units is $319,900.

In our last post for March / April 2015 there were just 2 units for sale – both were also 1 bedroom condos and the median price was $324,900.

Galt Ocean Club Condo Unit 512

Important to note is that one of these units  – Condo 512 is offered for sale with owner financing / seller financing.

With this unit the owner will provide financing on an interest only basis with a down payment of 20%.  The terms of this seller financed unit also include no income verification.

Galt Ocean Club
New Listings

In the last 30 days there have been no new listings in Galt Ocean Club here on Galt Ocean Mile

Galt Ocean Club Condos
Pending Sales

There is currently 1 condo here in Galt Ocean Club that is pending sale.

The market analysis report for this unit is presented below:

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,340 $295,000 $220

 

We can see from this report that this 2 bedroom 2 bathroom condo – unit 815 was offered for sale at $295,000.

This condo is a bank owned foreclosure and is being sold in “as-is” condition without repairs or warranty.

This 1340 square foot unit had a list price to square foot price of $220.00

This unit had just 8 days on market!

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – Realtor
954-459-0337

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

 

View of the Fort Lauderdale condominium Galt Ocean Club here on Galt Ocean Mile
View of the Fort Lauderdale condominium Galt Ocean Club here on Galt Ocean Mile

Galt Ocean Club
Sales Last 6 Months

There has been 3 sales of Fort Lauderdale condos here in Galt Ocean Club over the last 6 months

The market analysis report for these units is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 2 2,165 $560,000
Low 1 / 1 802 $259,000
Average 2 / 2 1,379 $439,667
Median 2 / 2 1,172 $500,000

 

We can see from this report the median price for a condo sold over the last 6 months has been $500,000 – this being for a 2 bedroom 2 bathroom unit of 1172 square feet

Important to note is that we have had sales of 1, 2 and 3 bedroom units!

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Condos sold in Galt Ocean Club over the last 6 months.

 $$ SP$/SqFt
High $427
Low $259
Average $336
Median $323

 

We can see from this report that the median sales price to square foot price paid for a Galt Ocean Club Condo sold over the last 6 months has been $323.00 per square foot.

Important to note is the highest price paid at $427.00

% Sales to List Price

An important real estate indictor is how much are buyers are paying for Fort Lauderdale Condos for sale here in Galt Ocean Club – 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$/LP$
Average 95%
Median 96%

 

We can see from this report that the median sales price to list price for Fort Lauderdale Condo here in Galt Ocean Club  has been 96%

This means if a Fort Lauderdale Condo for sale here in Galt Ocean Club is listed at $400,000 – then based on median sales data the Condo would sell for 96% of that amount or $384,000.

Days on Market

Days on market for Condos for Sale in Galt Ocean Club is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.

Here is the market analysis report for Days on Market based on Condo sales over the last 6 months.

 $$ Days on Market
Average 174
Median 89

 

We can see from this report that the average days on market for a Fort Lauderdale Condo for Sale in Galt Ocean Club is 174 days

More importantly is the median days on market at just 89 days

Days on market is the time from when the Condo was listed for sale till the Condo sold AND closed.

Kevin_Wirth_on_Galt_Ocean_Mile

My Thoughts / Summary

In 2014 there were 12 sales of condos here in Galt Ocean Club, the market summary report showing sales price to square foot prices for these units is presented below.

 $$ SP$/SqFt
Avg $310
Med $298

 

We can see from this report that the median square foot price paid was $298.00,.

So to have a median sales price over the last 6 months of $323.00 is very encouraging for 2015!

Yes the foreclosure unit – condo unit 815 will pull down median prices overall statistically – but as a foreclosure, this sale for appraisal purposes should have little impact on the upward trend of median square foot prices in this complex.

Kevin Wirth Realtor

I hope you have enjoyed my Post on Fort Lauderdale condos for sale at Galt Ocean Club

Kevin Wirth Realtor